i


SEPTEMBER 2022

TABLE OF CONTENTS


Sources:
1. Zimbabwe National Statistics Agency.
2. Reserve Bank of Zimbabwe.
a- Percentage point.

August

September

Month-on-
Month Change
(%)

Reserve Money2 (M0) (ZW$ millions)
37,466.34
87,098.44
132.47
Money Supply2 (M3) (ZW$ millions)
1,608,913.73
1,917,153.53

19.16
Annual Inflation1 (%)
285.0
280.40
-4.6a

Blended Annual Inflation1 (%)
106.3
107.5
1.2a
Monthly Inflation1 (%)
12.4
3.47
-8.9a

Blended Monthly Inflation1 (%)
6.6
2.5
-4.1a

National Payment System Transactions2
(ZW$ billions)
3,522.62
4,081.08
15.85
Nominal Lending Rate2
(% per annum)
80-230.00
100-230.00


SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS

Prices for gold, platinum, palladium, copper,
and Brent crude oil were generally subdued on
the global markets, during the month of
September 2022. Nickel prices, however,
registered some gains during the same month.
The commodity prices were largely weighed
down by a stronger US dollar.

Precious Metals

Gold
Gold prices declined by 4.6% to US$1,682.24
per ounce in September 2022, from an average
of US$1,764.14 per ounce in August 2022.
Prices were adversely affected by a stronger US
dollar, amid prospects of aggressive interest
rate hikes by the US Federal Reserve Bank. The
increase in interest rates boosted Treasury
yields, thereby increasing the opportunity cost
of holding the non-interest yielding yellow
metal.

Platinum
Gains on platinum prices recorded in August
2022 were reversed, as the strengthening US
dollar dampened the investment demand
outlook for the precious metal. In addition,
weak industrial demand from the automotive
sector also exerted downward pressure on
prices. Consequently, prices retreated by 3.2%,
from a monthly average of US$910.09 per
ounce in the previous month to US$881.25 per
ounce in September 2022.


Palladium

Palladium prices marginally declined by 0.3%
to US$2,129.52 per ounce in September 2022,
from US$2,135.20 per ounce in August 2022.
This was also due to a stronger US dollar as
well as investor concerns over slackening
demand in China, the world’s largest consumer
of the metal. Figure 1 shows the developments
in precious metal prices for the period from
September 2021 to September 2022.

Figure 1: Precious Metal Prices (US$/oz.)
Source: Bloomberg, 2022


Base Metals

Copper

Copper
prices
declined
by
3.0%
to
US$7,747.38 per tonne in September 2022,
from US$7,989.81 per tonne in the previous
month. This was on account of a stronger US
dollar as well as pessimism surrounding
demand from China, amid weak industrial data
from the world’s top base metal consumer.

Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
US$/oz.
Gold
Palladium
Platinum

Nickel
Nickel prices rose by 3.3%, from a monthly
average of US$22,036.59 per tonne recorded in
August 2022 to US$22,773.61 per tonne,
during the month under review. The increase
was a result of dwindling inventories in China,
at a time the demand from electric battery
manufacturers was growing. Figure 3 shows
developments in base metal prices for the
period from September 2021 to September
2022.
Figure 2: Base Metal Prices (US$/ton)
Source: Bloomberg, 2022


Brent Crude Oil
Brent crude oil prices declined from a monthly
average of US$97.56 per barrel in August 2022
to US$90.73 per barrel in September 2022. The
marked decline was due to sluggish global
demand, rising stockpiles, as well as interest
rate hikes by major central banks to abate
inflation. These developments also dented the
demand outlook for the commodity.


Figure 3: Crude Oil Prices (US$/barrel)

Source: Bloomberg, 2022

MERCHANDISE TRADE
DEVELOPMENTS

During the month of August 2022, the
country’s total merchandise trade stood at
US$1,195.4 million, a decline of 6.4% from
US$1,277.5 million recorded in the previous
month. Similarly, total merchandise trade
declined by 2.6%, on a year-on-year basis, from
US$1,227.4 in the corresponding month in
2021 to US$1,195.4 million in the reporting
month.

Merchandise Exports

Total merchandise exports amounted to
US$493.6 million in August 2022, representing
a 10.2% decline from US$549.7 million
realized in the preceding month. Year on year,
merchandise exports at US$493.6 million in
August 2022. were 17.4% lower than the
outturn of US$597.3 million in the same month
in 2021. Figure 4 shows developments in the
country’s merchandise trade, during the month
under review.


Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
US$/barrel

Figure 4: Merchandise Exports (US$ m)


Source: ZIMSTAT, 2022
The country’s exports for the reporting month
were dominated by PGMs (37.0%), gold
(30.2%) and tobacco (10.3). Compared to the
prior month, both gold and PGMs exports were
lower by 23.8% and 2.8%, respectively. Table
2 shows developments in the country’s exports
for the months of July and August 2022.


Table 1: Exports Classified by Harmonized
Commodity Description and Code System
July-22
(US$m)
Aug-22
(US$m)
JulyAug
Changes
(%)
Share of
Exports
(%)-
Aug’22
Total Exports

of which:


PGMs

Gold

Tobacco
(Inc.
Cigarettes)

Ferrochromium

Coal

Industrial
diamonds

Other mineral
substances

Cane sugar

Granite

Oranges

Source: ZIMSTAT & RBZ Calculations, 2022
*PGMs include nickel mattes, nickel ores & concentrates and
platinum

During the month under review, South Africa
remained Zimbabwe’s major trading partner,
accounting for the bulk of the country’s exports
at 44.5%, followed by the United Arab
Emirates, 30.6%; China, 6.4%, Belgium, 4.8%,
and other markets. Figure 5 shows the top 10
export destinations for the country in August
2022.


Jan
Feb
Mar
Apr
May
June
July
Aug
Sep
Oct
Nov
Dec
Merchandise Exports (US$m)

Figure 5: Top Ten Merchandise Export
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2022

Merchandise Imports
The country’s total merchandise imports stood
at US$701.8 million, during the month under
review, down by 3.6% from US$727.7 million
recorded in the preceding month. The August
2022 merchandise imports were 11.4% higher
than the corresponding month in 2021, as
shown in Figure 6.
Figure 6: Merchandise Imports classified by
HS Codes (US$ m)

Source: ZIMSTAT & RBZ Computations, 2022

The country’s major imports during the month
were diesel, unleaded petrol, electricity and
crude soya bean oil which accounted for 11.9%,
5.5%, 3.2% and 2.8% of total imports,
respectively. Other imports during the month
included fertilizer chemicals and cereals as
shown in Table 2.
Table 2: Imports Classified by Harmonised
Commodity Description and Code System

July-22
(US$m)
Aug-22
(US$m)
JulyAug
Changes
(%)
Share of
Imports
(%)-
Aug’22
Total Imports

Of Which:


Diesel

Unleaded
petrol

Electricity

Crude
soya
bean oil

Fertilizer
Chemicals

Rice

Wheat

Medicaments

Insecticides

Trucks (Goods
Vehicles)

Source: ZIMSTAT & RBZ Calculations, 2022

The country sourced imports mainly from
South Africa (38.3%), Singapore (16.2%),
China (12.0%), Mozambique (4.5%), Zambia
(3.8%), India (3.2%) and other markets as
shown in Figure 7.


South Africa
United Arab Emirates
China
Belgium
Mozambique
Zambia
Switzerland
Italy
Botswana
Netherlands

Figure 7: Top Ten Merchandise Import
Sources (% Share)

Source: ZIMSTAT & RBZ Calculations, 2022

Merchandise Trade Balance
The country’s trade balance deteriorated from a
deficit of US$178.0 million in July 2022 to a
deficit of US$208.2 million in August 2022.
This was, in large part, due to the marked
slowdown in exports.
On a yearly basis, the country’s trade balance
also widened from a deficit of US$32.9 million
in the comparable month in 2021 to US$208.2
million during the month under analysis. Figure
8 shows the country’s trade balance for the
period January 2021 through to August 2022.


1All monetary numbers valued in ZW$ since the
adoption of an interbank market determined exchange
rate in February 2019.
Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2022


MONETARY DEVELOPMENTS1

Broad money (M3) stock amounted to
ZW$1,917.15 billion in September 2022,
compared to ZW$1,608.91 billion recorded in
the previous month. The money stock was
composed of foreign currency deposits, which
constituted 62.50% of total money supply; and
local
currency
deposits,
accounting
for
37.40%; while the remaining 0.20% was in
respect of currency in circulation. Figure 9
shows the composition of money supply.

South...
Singapore
China
Mozambi...
Zambia
India
Mauritius
United...
Poland
Argentina

Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Exports
Imports
Trade Balance

Figure 9: Composition of Money Supply
Source: Reserve Bank of Zimbabwe, 2022

Month-on-month, broad money increased by
19.16% in September 2022, compared to
33.26% recorded in the previous month. The
growth largely reflected increases of 20.70% in
foreign currency deposits and 16.69% in local
currency deposits, from ZW$991.10 billion and
ZW$613.80 billion in August to ZW$1 196.21
billion and ZW$717.03 billion in September
2022, respectively. The increase in foreign
currency deposits partly reflected movements
in the exchange rate over the month.
During the month under review, domestic
claims increased by 15.80% to ZW$1 371.02
billion. The growth was largely due to
respective increases of ZW$141.69 billion and
ZW$33.93 billion in credit to the private sector
and net claims on Government.
On an annual basis, broad money registered a
425.83% increase, largely driven by the impact
of exchange rate revaluation on the foreign
currency component of deposits, over the year.
The auction rate moved from ZW$87.67 per
US$1 in September 2021 to ZW$621.89 per
US$1 in September 2022, resulting in the
growth of the Zimbabwe dollar equivalent of
FCA deposits, from ZW$151.06 billion in
September 2021 to ZW$1 196.21 billion in
September
2022.
The
local
currency
component of broad money also grew by
216.16% over the same period, largely due to
credit creation by banks.
The annual growth in broad money was largely
driven by increases of ZW$787.68 billion
(491.72%) and ZW$227.30 billion (531.25%)
in credit to the private sector and net claims on
Government, respectively.
Credit to the private sector was mainly
channeled to agriculture and households, which
received 24.47% and 18.60% of the total credit,
respectively.
The
distribution
and
manufacturing sectors received 13.50% and
12.38%, respectively. Private sector credit
shares for the rest of the economic sectors are
shown in figure 10.
Figure 10: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2022
Local
Currency
Transferabl
e deposits
28.48%
Foreign
Currency
Deposits
62.39%
Time
Deposits
8.19%
Currency in
Circulation
0.20%
NCDs
0.73%
Households
18.60%
Agriculture
24.47%
Mining
11.28%
Manufacturing...
Distribution
13.50%
Construction
1.38%
Transport &
Communicatio
ns...
Services
10.76%
Financial Org.
& ...
Other
0.04%

Credit to the private sector was largely
channeled towards inventory build-up, 35.49%;
other recurrent expenditures, 31.16%; and
fixed capital investments, 15.83%.
STOCK MARKET DEVELOPMENTS

Zimbabwe Stock Exchange

During the month of September 2022, the
Zimbabwe Stock Exchange (ZSE) recovered
from the losses in the previous month.
Resultantly, the All Share, Top 10, Top 15 and
Medium Cap indices added 7.78%, 11.34%,
9.26% and 0.09% to close the month at 14
771.65 points, 9 140.55 points, 10 051.47
points and 29 051.67 points, respectively.

The mining index also gained by 22.34% to
close the reporting month at 18.929.75 points.


Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices

Source: Zimbabwe Stock Exchange, 2022
The cumulative volume and value of shares
traded on the ZSE declined by 1.53% and
40.88% to 137.09 million shares and ZW$5.13
billion, compared to 139.23 million shares and
ZW$8.67 billion recorded in the previous
month, respectively.

The proportion of foreign purchases to the
value of shares traded declined to 1.39% in the
reporting month, compared to 9.75% recorded
in August 2022.

The net foreign position, worsened to ZW$0.31
billion in September 2022, from ZW$0.06
billion recorded in the previous month.
Figure 12: ZSE Monthly Volumes and
Values Traded

Source: Zimbabwe Stock Exchange, 2022
In line with the recoveries recorded on the stock
market,
monthly
market
capitalization
increased by ZW$133.56 billion, or 7.92% to
close at ZW$1,819.16 billion in September
2022.
On
a
year-on-year
basis,
ZSE
capitalization rose by ZW$786.68 billion, or


29-Sep-21
29-Oct-21
29-Nov-21
29-Dec-21
29-Jan-22
28-Feb-22
31-Mar-22
30-Apr-22
31-May-22
30-Jun-22
31-Jul-22
31-Aug-22
30-Sep-22
All Share Index
Top 10 Index
Mining Index


Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Values Traded (ZW$ millions)
Volumes Traded (milions)
Volume
Turnover

Victoria Falls Stock Exchange


The Victoria Falls Stock Exchange (VFEX)
exhibited bullish sentiments for the fifth
consecutive month in September 2022. This
resulted in a 3.11% increase in the VFEX All
Share Index (ASI) to close at 143.16 points,
from 138.84 recorded in the prior month.

On an annual basis, the VFEX All Share Index
gained 13.94%, from 125.64 points recorded in
September 2021.

Figure 13: Victoria Falls Stock Exchange All
Share Index

Source: Victoria Falls Stock Exchange (VFEX), 2022

Market Capitalization
Reflecting the bullish sentiments exhibited on
the VFEX during the month under review,
market capitalization rose to US$0.34 billion,
from US$0.33 billion recorded in August 2022.
INFLATION OUTTURN

Annual Inflation

Annual headline inflation further slowed down
from 285.0% in August 2022 to 280.4% in
September 2022. This was due to the decline in
food inflation which more than offset the
marginal increase in non-food inflation.

Annual food inflation eased to 339.73% in
September 2022, from 353.0% in August 2022.
Bread and cereals; vegetables; and meat,
largely accounted for food inflation, during the
month under analysis.

Annual non-food inflation, marginally rose by
1.59 percentage points to 237.59% in
September 2022, from 236.0% in August 2022.
This was largely driven by housing water
electricity gas and other fuels; miscellaneous
goods and services; and transport categories.

Blended annual inflation increased from
106.3% in August 2022 to 107.51% in
September 2022. This followed the rise in
blended non-food inflation, which more than
offset the marginal decline in blended food
inflation.

Monthly Inflation

Monthly inflation declined to 3.47% in
September 2022, from 12.4% in August 2022.
This was on account of decreases in both food
and non-food inflation.

Month-on-month food inflation fell by 12.5
percentage points to 1.75% in September 2022,
from 14.20% in the prior month. All food subcategories registered declines during the month
under review.

Monthly non-food inflation declined from
10.62% in August 2022, to 5.15% in September
2022. Housing, water, electricity gas, and other

30-Oct-21
30-Nov-21
31-Dec-21
31-Jan-22
28-Feb-22
31-Mar-22
30-Apr-22
31-May-22
30-Jun-22
31-Jul-22
31-Aug-22
30-Sep-22

fuels category, had the largest contribution to
the decline in monthly non-food inflation.

Figure 14: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2022

Monthly blended inflation slowed down to
2.53% in September 2022, from 6.6% in
August 2022. The fall was largely attributed to
a 10.61 percentage point decline in blended
food inflation.
NATIONAL PAYMENTS SYSTEM (NPS)


The value of NPS transactions increased by
16% to ZW$4.08 trillion in September 2022,
from ZW$3.52 trillion reported in August
2022. NPS transaction volumes, however,
decreased by 5.0% to 88.95 million, from 93.79
million in the previous month.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

Transactions processed through the RTGS
system amounted to ZW$2.793.06 billion in
September 2022, up from ZW$2.334.29 billion
in August 2022. RTGS transaction volumes,
increased by 4.85% to close the month under
review at 1.08 million.

Figure 15: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2022


Cash Transactions
The value of cash-based transactions rose to
ZW$132.48 billion during the month of
September 2022, from ZW$92.40 billion in the
previous month.

Mobile and Internet Based Transactions

Mobile and internet-based transactions posted
an increase of 7.03% to ZW$1,075.18 billion in
September 2022, from ZW$1,004.57 billion in
August 2022.

Card Based Transactions

Card-based transactions increased by 15.82%
to ZW$212.85 billion in September 2022, from
ZW$83.76 billion in August 2022.

RESERVE BANK OF ZIMBABWE

Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Food
Non-Food
Overall


Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Value in ZW$ Billions
Volume in Thousands
Volume
Value

Statistical Tables

Monetary Statistics
1. Depository Corporations Survey

2. Central Bank Survey

3. Other Depository Corporations Survey

Other Depository Corporations

4.1 Assets

4.2 Liabilities

Commercial Banks
5.1 Assets

5.2 Liabilities

Building Societies
6.1 Assets

6.2 Liabilities

Sectoral Analysis of Bank Loans and Advances and Deposits

7.1 Sectoral Analysis of Commercial Banks Loans and Advances

7.2 Sectoral Analysis of Commercial Banks Deposits

Interest Rates

8.1 Lending Rates

8.2 Banks Deposit Rates

Inflation

9.1 Monthly Inflation

9.2 Yearly Inflation

External Statistics
11. Exchange Rates

Zimbabwe Stock Exchange
12. Zimbabwe Stock Market Statistics

National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($'000)
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Net Foreign Assets

Central Bank(net)

Foreign Assets

Foreign Liabilities

Other Depository Corporations(net)

Foreign Assets

Foreign Liabilities

Net Domestic Assets (NDA)

Domestic Claims

Claims on Central Government(net)

Claims on Central Government

Central Bank

ODCs

Less Liabilities to Central Government

Central Bank

ODCs

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Central Bank

ODCs

Other Items(Net)

Shares and Other Equity

Liabilities to Other Financial Corporations

Restricted Deposits

Deposits and Securities Excluded from Base Money

Other Items(net)

Broad Money-M3

Securities Other than Shares Included in Broad
Money

Broad Money-M2

Other Deposits

Narrow Money-M1

Transferable Deposits

Of which Foreign Currency Accounts

Currency Outside Depository Corporations

Memorandum Items
Reserve Money

FCAs as a Percentage of Deposits in M3

End Period Exchange Rate

Source: Reserve Bank of Zimbabwe, 2022
Notes:
(i) Depository corporations survey - formerly Monetary Survey.
(ii) Broad money redefined using IMF's Monetary and Financial Statistics Manual of 2000. Major changes include exclusion of Government deposits held by banks from broad money.
(iii) Transferable deposits made up of demand and savings deposits.
(iv) NCDs are also referred to as securities included in broad money.
(v) All classes of time deposits, short and long term are classified as time deposits, which are also termed other deposits.
(vi) Credit to the private sector now excludes claims on other financial corporations, as well as claims on state and local government (local authorities)
(vii) Depository corporations made up of the Central Bank and other depository corporations
(viii) Other depository corporations (ODCs) - Commercial banks, merchant banks, building societies and POSB.
(ix) In December 2017, the statistics were adjusted in restrospect by reclassifying Securities issued under Aftrades from claims on government to claims on central bank
(x) In December 2017, the statistics were adjusted in restrospect by reclassifying amounts accessed by banks under the Aftrades from liabilities to Other Depository corporations and Other Financial Corporations to liabilities to Central Bank
(xi) In December 2018, statistics were revised from November 2017 due to reclassification of lines of credit (foreign liabilities) that were initially classified as deposits included in broad money
(xii) All monetary and financial statistics are valued in ZWL$ since the introduction of the interbank foreign exchange market in February 2019

Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Net Foreign Assets

Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities*

of which blocked funds

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Of which: Securities Other than Shares

Loans

Loans and Advances

Amounts Due from Gvt including SDR Draw

Export Incentives

Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on Other Depository Corporations

Of which: Loans

Other Liabilities to ODCs

Of which: Aftrades Balances

Securities

Other Items(Net)

Shares and Other Equity

Other Items(Net)

Liabilities to Other Resident Sectors

Deposits and Securities Excluded from Base Mon

Monetary Base Incl. foreign currency clearing balances
Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2022
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
TABLE 2: CENTRAL BANK SURVEY ($'000)

TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000)
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Net Foreign Assets

Claims on Non Residents

Of Which: Foreign Currency

Deposits

Other

Less Liabilities to Non Residents

Of Which: Deposits

Loans

Other

Net Domestic Assets (NDA)

Domestic Claims

Net Claims on Central Government

Claims on Central Government

Securities

Loans

Other
-

-

-

-

-

-

-

-

-

-

-

0.00
0.00
Less Liabilities to Central Government

Of which: Deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Claims on the Central Bank

Currency

Reserves

Securities

Other Claims

Liabilities to the Central Bank

Other Items(Net)

Shares and Other Equity

Liabilities to other ressident sectors

Other Items(Net)

Deposits and Securities Included in Broad Money

Deposits Included in Broad Money
358,772,700.20

411,414,591.01

430,568,735.58

467,748,846.19

464,285,468.48

498,984,364.44

580,177,132.24

661,385,151.97

961,275,205.35

1,108,920,811.95

1,190,567,540.78

1,587,531,116.15 1,897,768,184.73
Transferable Deposits
332,392,044.95

383,509,833.78

397,358,917.93

430,345,882.39

424,997,643.40

451,469,626.06

526,027,929.32

608,741,115.91

891,276,383.52

1,028,029,948.34

1,096,365,440.31

1,453,358,587.07 1,740,700,191.97
of which FCAs
151,047,925.52

179,306,272.75

181,546,290.69

210,688,453.17

197,673,919.07

225,769,411.82

275,160,384.59

301,286,745.34

558,605,268.37

657,871,279.96

688,801,163.42

991,050,824.09 1,196,071,655.58
Other Deposits

Money Market Instruments
3,191,934.31

3,729,670.68

4,007,812.73

3,696,333.82

3,685,330.94

4,456,190.77

4,510,894.76

4,246,927.92

6,165,343.44

7,157,937.12

8,137,874.02

12,785,574.75
14,047,495.34
Source:Reserve Bank of Zimbabwe,2022

Foreign
TOTAL
End of
Notes
Bond
&
Balances
Balances with
Balances
Other Claims
Local
Other
Notes &
Coin
with
Other Depository
with
on

oca
Governemt
Other2
Government
Local
Public
Institutional
Other cliams
Contigent Assets
Other Assets
Non Financial
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities
Government
Enterprises
Units
Assets

Jan
183.4

3,176.6

13,217.3

1,073.2

8,142.0


Feb
267.1

3,136.4

13,817.0

1,504.5

8,642.5


Mar
263.6

3,607.6

16,167.1

2,214.4

12,681.9


Apr
298.5

3,642.9

17,926.4

1,523.3

13,697.1


May
330.0

3,581.8

21,376.4

1,749.6

15,757.4


Jun
606.6

9,584.7

29,457.9

3,974.7

35,786.5


Jul
690.8

18,357.0

54,139.7

5,578.7

42,159.7


Aug
975.1

28,776.0

54,868.5

4,623.1

41,100.2


Sep
1,084.2

30,217.6

56,679.6

4,426.6

39,530.8


Oct
1,064.2

32,235.0

66,948.5

4,457.3

40,092.7


Nov
1,063.6

34,673.9

73,237.2

4,211.3

41,173.6


Dec
1,177.8

39,886.8

76,076.5

5,771.7

38,623.2


Jan
1,483.3

42,733.9

77,994.4

13,109.2

40,071.8


Feb
1,735.4

41,180.7

76,140.3

17,748.1

39,141.4


Mar
1,457.1

40,953.3

83,032.1

6,945.5

42,516.8


Apr
1,699.7

40,964.4

85,330.2

6,844.8

49,733.4


May
1,906.1

30,579.1

94,330.9

7,907.2

63,644.8


Jun
1,702.8

30,255.6

75,795.2

25,605.9

72,780.6


Jul
2,139.9

30,509.1

104,983.5

17,817.9

82,032.9


Aug
2,551.1

33,323.4

93,806.9

11,919.2

72,753.9


Sep
2,853.7

38,500.1

100,996.0

8,626.8

68,707.9


Oct
2,611.1

50,074.7

108,009.2

9,575.8

89,822.4


Nov
2,721.5

53,424.3

107,781.7

15,560.6

74,072.3


Dec
2,838.3

50,031.0

118,451.3

13,654.0

91,352.6


Jan
2,891.2

53,378.3

116,654.8

13,232.3

69,668.2


Feb
2,577.7

62,064.5

122,479.8

17,480.5

76,802.2


Mar
2,111.5

76,544.2

142,962.5

19,239.6

87,884.5


Apr
2,624.9

74,716.9

160,466.5

28,352.1

123,190.3


May
3,155.9

142,118.9

236,166.0

35,928.9

207,812.8


Jun
2,801.2

138,347.1

266,691.8

45,952.0

241,920.1


Jul
2,427.6

159,024.6

315,832.5

39,388.2

230,432.5


Aug
2,640.6

263,637.4

411,439.9

69,203.5

311,107.0


Sep
3,030.7

289,230.8

504,071.1

75,446.7

417,007.1


Source:Reserve Bank of Zimbabwe,2022
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations.
Public
Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
$ millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Contigent
Other
TOTAL
and
Liablities
Liablities
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
RBZ
Other Depository Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Source:Reserve Bank of Zimbabwe,2022
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
$ millions

TOTAL
End of
Foreign
Bond
Notes
Balances
Balances with
Balances
Other Claims
Local
Public
Other
Contigent
Non Financial
Notes &
&
with
Other Depository
with
on
Government1
Local Governemt
Public Enterprises
Other2
Government
Government
Enterprises
Institutional Units3
Other claims
Assets
Other Assets
Assets
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
165.80

2,845.62

12,018.43

708.00

7,706.57

1,811.38

4,029.43

-

125.52

14.97

5.11

12.17

326.11

10,766.91

77.59

2,965.93

3,395.90

8,058.15

55,033.6

Feb
251.70

2,756.57

12,731.97

889.16

8,264.76

1,532.87

3,877.19

-

117.45

13.99

5.15

11.56

329.47

11,656.91

88.37

5,441.70

11,907.90

8,653.69

68,530.4

Mar
242.41

3,063.92

14,545.58

1,948.14

12,381.17

2,497.47

4,373.76

-

0.08

20.23

4.39

11.39

765.82

14,041.67

127.46

7,917.31

5,718.53

9,244.62

76,904.0

Apr
263.29

3,147.75

16,673.44

1,287.51

13,285.14

3,056.32

4,235.96

-

0.08

18.39

4.47

9.75

834.72

14,864.30

129.90

7,642.80

6,534.14

9,703.93

81,691.9

May
284.33

3,144.57

19,827.46

1,553.68

15,003.29

3,130.38

4,160.50

-

0.12

45.79

4.53

9.61

768.01

17,762.27

143.44

7,042.04

6,012.40

9,845.09

88,737.5

Jun
515.11

8,372.39

26,368.55

3,570.85

34,550.44

7,527.46

5,841.98

-

0.12

90.14

4.29

9.41

2,010.79

26,638.87

215.56

24,299.33

14,590.26

18,983.05

173,588.6

Jul
577.99

16,536.53

49,470.13

4,219.81

40,259.84

11,399.93

6,357.84

-

-

74.57

4.33

12.61

1,025.78

33,054.99

229.06

28,551.07

10,247.64

19,646.49

221,668.6

Aug
821.16

26,519.73

49,165.59

4,265.44

38,763.72

14,219.24

6,484.68

-

-

39.07

14.05

14.74

1,046.29

38,741.31

231.00

25,354.64

9,460.49

19,961.16

235,102.3

Sep
891.26

27,646.41

51,169.67

3,898.65

38,420.20

14,126.83

6,354.19

-

-

107.40

9.61

22.30

1,050.38

41,088.91

228.95

28,289.36

17,608.70

19,375.08

250,287.9

Oct
896.48

29,309.79

60,589.19

3,602.58

38,877.31

13,530.74

7,763.97

-

20.06

109.83

17.57

22.18

1,019.00

48,440.92

268.07

29,764.70

15,978.22

19,616.63

269,827.2

Nov
919.42

31,596.89

67,899.10

3,494.87

39,693.38

14,134.74

7,098.29

-

0.02

110.37

20.00

16.81

1,269.94

54,496.74

259.90

29,821.16

16,683.48

19,526.70

287,041.8

Dec
1,019.76

36,507.59

70,392.07

4,949.48

37,346.17

10,803.58

9,985.57

-

-

1.18

23.30

26.76

1,269.01

62,953.03

718.16

29,608.01

12,793.91

28,230.82

306,628.4

Jan
1,237.43

39,565.64

71,463.64

12,288.89

39,092.85

10,921.99

8,281.80

-

-

1.18

16.67

18.01

1,264.28

71,090.96

718.83

25,036.22

12,333.21

32,123.11

325,454.7

Feb
1,320.27

38,100.03

69,341.48

16,867.76

38,108.83

6,341.39

12,518.15

-

-

1.26

24.15

22.69

1,493.66

77,324.34

774.89

28,339.17

15,953.14

33,612.14

340,143.4

Mar
1,244.16

38,369.53

76,479.44

5,317.61

41,401.24

8,733.65

15,889.61

-

19.21

34.56

15.17

21.67

1,309.75

80,607.03

878.97

32,908.13

19,302.34

30,861.86

353,393.9

Apr
1,430.83

38,008.89

79,592.64

5,639.40

48,564.03

7,679.05

18,267.01

-

19.23

62.89

19.86

12.71

1,336.70

91,062.16

956.75

34,537.88

21,214.88

32,383.77

380,788.7

May
1,648.09

28,677.21

87,611.51

6,479.66

59,745.10

11,582.44

18,846.75

-

152.75

93.37

21.77

16.58

1,263.75

94,790.46

990.41

35,592.28

21,398.95

31,307.45

400,218.5

Jun
1,419.27

28,452.53

69,413.26

24,215.35

70,835.98

17,601.31

17,152.75

-

19.46

92.91

17.91

77.79

1,511.86

106,954.15

1,247.08

26,856.45

26,444.57

33,288.94

425,601.6

Jul
1,794.72

29,100.73

97,429.50

15,901.02

79,937.02

25,314.30

21,665.10

-

290.76

47.39

17.32

67.80

1,351.13

117,348.16

1,301.18

26,869.18

29,079.64

33,587.68

481,102.6

Aug
2,137.72

31,734.84

85,441.98

9,099.10

70,391.64

25,194.95

31,434.20

-

339.72

51.28

22.49

63.94

1,583.28

132,522.63

1,337.19

32,281.12

30,022.43

37,697.05

491,355.6

Sep
2,417.81

36,259.54

93,032.71

6,164.78

66,640.78

25,023.38

31,460.81

-

366.88

57.60

21.07

62.45

1,531.08

134,780.92

1,342.62

31,980.97

30,439.34

34,630.85

496,213.6

Oct
1,993.06

47,379.62

99,470.02

7,339.71

86,302.62

26,924.18

37,639.16

-

188.07

121.59

21.20

75.41

1,683.89

149,477.36

1,523.34

49,580.96

40,853.06

36,664.31

587,237.6

Nov
2,168.80

49,327.15

100,125.90

12,723.73

71,667.33

29,748.47

41,015.56

-

187.03

999.12

21.24

74.76

1,882.53

168,661.25

1,484.24

52,327.68

40,073.22

43,878.52

616,366.5

Dec
2,315.32

46,412.99

109,803.84

10,942.92

87,347.07

33,690.93

38,610.29

-

185.99

4,146.13

21.09

167.53

2,798.61

184,836.87

3,368.75

60,916.98

41,811.67

59,011.63

686,388.6

Jan
2,359.27

49,206.02

108,119.97

10,419.90

66,808.45

30,774.31

38,636.84

-

186.80

801.50

20.33

163.02

3,628.73

199,495.34

2,997.94

53,627.76

47,405.91

69,989.80

684,641.9

Feb
1,971.78

57,553.54

112,522.99

14,300.66

70,750.63

28,703.53

44,705.21

-

-

976.55

20.34

158.06

5,367.16

215,520.37

3,055.50

55,099.61

53,459.12

70,832.47

734,997.5

Mar
1,541.49

70,856.33

130,423.48

15,503.46

82,662.70

43,284.13

44,874.23

-

-

1,380.20

19.40

253.42

6,240.94

258,715.05

3,092.69

65,660.61

58,874.69

76,938.87

860,321.7

Apr
1,939.64

70,204.43

144,168.02

23,452.88

117,033.42

26,628.79

57,772.47

-

-

722.54

37.54

252.44

6,858.06

305,476.79

4,348.46

53,372.28

62,788.55

71,414.75

946,471.1

May
2,397.94

131,996.38

211,837.59

31,586.61

190,366.81

61,757.62

64,373.91

-

154.99

1,559.14

41.28

289.00

16,193.81

398,048.90

4,712.74

134,993.54

94,851.60

111,543.84

1,456,705.7

Jun
2,263.18

127,839.16

234,109.43

40,937.28

219,607.39

63,631.76

83,690.44

-

653.97

2,159.12

61.20

226.29

13,888.60

478,163.38

8,954.46

169,511.81

110,528.09

168,440.54

1,724,666.1

Jul
1,578.47

147,217.74

284,912.89

34,334.13

202,815.28

41,246.78

86,971.63

-

394.34

1,852.14

100.65

349.68

22,516.21

556,692.12

9,737.92

144,090.18

129,869.55

192,524.32

1,857,204.0

Aug
1,630.70

247,190.46

377,078.80

64,650.96

273,181.97

29,186.59

95,346.12

-

330.12

3,556.96

113.50

287.14

26,564.57

681,253.30

11,493.92

167,029.36

238,442.98

194,745.11

2,412,082.6

Sep
1,791.71

270,594.59

465,301.31

68,020.95

370,323.69

18,184.96

134,414.53

-

267.40

4,916.56

115.11

306.33

21,773.50

806,774.24

12,680.89

146,133.14

215,417.68

219,933.24

2,756,949.8

Source:Reserve Bank of Zimbabwe,2022
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 5.1: COMMERCIAL BANKS -ASSETS
$ millions
Debt Securities
Loans and Advances

ZWL$ millions
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Debt Securities
Foreign Liabilities
RBZ
Other Depository Other Finacial
Capital
Contigent
Other
from the public
Corporations
Corporations
Corporations
and
Liablities
Liablities
TOTAL
Reserves

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Source:Reserve Bank of Zimbabwe,2022
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to

Foreign
Other Assets
Non Financial
TOTAL
End of
Notes
Assets
Bond
&
Balances
Balances with
Balances
Other Claims
Notes &
Coin
with
Other Depository
with
on
Government1
Local Governemt
Public Enterprises
Other2
Mortgages
Government
Other
Coins
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
16.3

322.3
1,106.8

361.8
421.8

-

283.0

20.1
-

-

478.2

-

1,498.8

717.5
1,552.8

6,779.5

Feb
14.5

368.2
977.2

612.5
370.5

-

357.1

20.1
-

1.5

503.6

-

2,097.7

735.9
1,538.8

7,597.4

Mar
20.1

529.4
1,423.7

261.8
282.6

-

341.6

19.2
-

0.6

526.4

-

2,406.4

1165.6
1,914.1

8,891.5

Apr
33.1

493.1
914.2

232.1
384.9

-

424.3

18.1
-

-

525.9

-

2,568.2

1528.5
2,134.4

9,256.8

May
39.7

434.7
1,248.4

192.3
725.0

-

382.4

17.0
-

-

517.6

-

2,793.4

2669.6
2,146.1

11,166.3

Jun
88.7

1167.9
2,857.8

395.9
1,222.0

-

385.4

13.8
-

-

653.4

-

4,663.9

2688.0
4,712.1

18,848.8

Jul
109.1

1780.7
3,878.9

1342.9
1,879.4

-

346.6

13.4
-

-

585.7

-

5,648.0

3879.5
4,927.7

24,391.8

Aug
142.9

2175.5
4,799.3

341.7
2,310.6

-

294.6

13.1
-

-

688.7

-

6,552.1

4480.3
6,104.6

27,903.4

Sep
179.8

2469.9
4,547.1

504.6
1,027.7

-

218.3

12.9
-

0.4

741.5

-

6,518.3

2774.9
6,503.8

25,499.1

Oct
149.1

2787.0
5,056.1

778.9
1,182.4

-

206.5

12.3
-

112.2

772.3

-

6,874.4

2795.4
6,537.1

27,263.4

Nov
104.3

2935.7
4,448.9

691.0
1,412.8

-

1,666.7

11.6
-

157.8

930.4

-

7,498.6

2571.1
6,712.9

29,141.9

Dec
116.2

3210.3
5,085.9

802.0
1,183.4

-

1,830.2

11.2
-

251.1

1,008.4

-

8,562.3

2559.4
7,352.9

31,973.2

Jan
188.7

2943.3
5,986.5

793.8
843.5

-

1,783.8

10.2
-

211.3

1,091.3

0.0

9,329.1

2980.3
7,685.1

33,846.9

Feb
345.7

2762.9
6,004.8

811.1
984.2

-

2,731.0

9.2
-

236.8

2,089.3

-

8,950.2

2949.2
7,790.6

35,665.0

Mar
168.3

2278.9
6,313.1

1594.4
1,028.2

-

1,341.7

8.4
-

415.1

1,242.4

-

10,867.7

3027.5
7,841.0

36,126.8

Apr
206.9

2702.1
5,302.6

1156.7
1,085.4

-

871.7

7.7
-

508.9

1,581.5

-

14,233.6

3431.1
7,237.9

38,326.2

May
210.3

1687.6
5,962.2

1250.9
3,847.1

-

116.9

7.0
-

517.7

1,568.8

-

17,154.9

2927.9
7,532.9

42,784.2

Jun
249.6

1649.7
6,202.6

1163.8
1,866.7

-

204.6

6.5
-

588.0

1,851.9

-

18,795.4

2580.9
7,701.1

42,860.7

Jul
283.7

1212.2
7,193.4

1892.7
1,875.4

-

1,143.4

6.0
-

447.3

1,963.2

-

18,280.3

3923.5
7,695.6

45,916.5

Aug
352.8

1408.8
7,869.3

2537.6
2,316.2

-

3,535.6

5.4
-

399.5

2,101.3

-

19,422.2

3837.6
7,666.6

51,453.0

Sep
349.8

1926.6
7,608.5

2430.2
1,941.4

-

4,314.6

5.1
-

205.2

2,231.7

-

20,461.1

4013.2
9,460.7

54,948.1

Oct
411.5

2396.2
8,221.0

2162.4
3,421.5

-

5,627.7

4.3
-

271.1

2,539.5

-

22,881.3

5432.3
9,501.3

62,870.1

Nov
339.8

3578.4
7,561.6

2568.8
2,299.5

-

5,882.7

3.7
-

566.4

2,788.5

-

27,326.1

4400.3
9,614.3

66,930.0

Dec
351.1

3217.3
8,557.8

2619.2
3,620.2

-

2,353.6

3.0
-

1,189.0

2,786.9

-

33,115.3

5610.8
11,334.1

74,758.3

Jan
324.6

3504.3
8,506.5

2680.3
2,631.0

-

1,110.8

2.4
-

1,487.3

2,967.6

-

35,913.5

6693.8
14,008.7

79,830.9

Feb
411.5

4021.5
9,763.6

3069.7
5,678.0

-

4,048.9

1.6
-

1,465.4

3,241.1

-

39,977.5

4511.5
13,964.4

90,154.6

Mar
354.3

4413.6
11,882.6

3691.3
4,932.3

-

5,235.0

0.9
-

1,590.0

3,888.3

-

42,741.3

9086.6
15,421.2

103,237.4

Apr
546.4

3054.1
15,585.8

4857.7
5,768.6

-

5,714.4

0.2
-

1,861.4

4,143.7

-

48,582.4

9654.2
16,999.2

116,768.1

May
639.5

8326.7
23,817.6

4251.9
16,001.6

-

6,150.9

0.0
-

1,486.3

8,474.8

-

74,864.0

14793.9
17,091.2

175,898.5

Jun
418.5

8464.3
32,497.6

3807.5
21,184.8

-

2,639.3

0.0
-

1,340.0

10,851.1

-

85,145.9

18155.8
35,128.1

219,633.0

Jul
700.4

9914.6
30,660.3

4983.4
24,902.9

-

4,077.6

0.0
-

1,411.5

13,722.1

-

98,066.0

9998.6
45,127.9

243,565.1

Aug
863.8

14422.1
33,703.2

4483.0
34,971.8

-

4,379.8

0.0
-

2,106.6

16,515.4

-

115,491.9

8745.3
45,694.0

281,377.1

Sep
1,086.8

14998.2
37,911.3

7470.1
45,094.8

-

8,440.8

0.0
-

1,302.8

17,996.8

-

129,242.7

11630.7
60,830.4

336,005.2

Source:Reserve Bank of Zimbabwe,2022
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 6.1: BUILDING SOCIETIES -ASSETS
$ millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Other
TOTAL
and
Liablities
End of
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
RBZ
Other Depository Other Finacial
Reserves
from the public
Corporations
Corporations
Corporations

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Source:Reserve Bank of Zimbabwe,2022
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
$ millions

AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
END OF


INVESTMENTS
ORGANISATIONS


1,000.0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

August

September

Source:Reserve Bank of Zimbabwe,2022
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
$ ('000)

END OF
AGRICULTURE
CONSTRUCTION
COMMUNICATIONS
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS ORGANISATIONS

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Source: Reserve Bank of Zimbabwe,2022
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

End of
Nominal
Lending Rates 1
Individuals
Corporate

Jan
5.00-65.00
16.56
17.20
Feb
5.00-65.00
16.92
16.68
Mar
5.00-65.00
19.65
17.21
Apr
5.00-65.00
18.57
18.69
May
5.00-65.00
18.06
18.07
June
5.00-65.00
20.04
17.38
July
5.00-65.00
18.87
20.11
Aug
6.00-65.00
19.14
18.99
Sep
6.00-65.00
20.65
25.09
Oct
6.00-65.00
26.04
26.68
Nov
6.00-65.00
30.32
27.67
Dec
6.00-65.00
32.11
26.91

Jan
6.00-65.00
32.65
24.77
Feb
6.00-85.00
36.67
21.36
Mar
6.00-85.00
35.83
22.61
Apr
6.00-85.00
35.22
22.59
May
6.00-85.00
34.84
21.76
Jun
6.00-85.00
36.25
22.46
Jul
6.00-85.00
36.56
21.66
Aug
6.00-85.00
41.06
39.65
Sep
6.00-85.00
40.61
39.50
Oct
6.00-85.00
41.86
45.81
Nov
6.00-8500
39.13
38.10
Dec
6.00-8500
39.34
37.94

Jan
15.00-85.00
39.32
39.62
Feb
15.00-85.00
40.55
64.02
Mar
15.00-85.00
40.74
43.88
Apr
15.00-85.00
38.15
45.56
May
15.00-85.00
38.01
47.25
Jun
15.00-85.00
38.45
48.25
Jul
80.00-240.00
82.75
165.45
Aug
80.00-230.00
88.46
155.96
Sep
100.00-230.00
98.07
158.46
Source:Reserve Bank of Zimbabwe, 2022
Notes
TABLE 8.1: LENDING RATES (percent per annum)
1. Nominal lending rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Lending Rates
TABLE 4.1 LENDING RATES (percent per annum)1

TABLE 8.2 : BANK DEPOSIT RATES (percent per annum)
END OF
SAVINGS
3 MONTHS

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-8.00
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.33-14.00
Aug
0.50-15.00
1.00-20.28
Sep
0.50-15.00
1.00-20.28
Oct
0.50-15.00
1.00-20.28
Nov
0.50-15.00
1.00-20.28
Dec
0.50-15.00
1.00-20.28

Jan
0.22-12.00
2.00-21.50
Feb
0.22-12.00
2.00-21.50
Mar
0.22-12.00
2.00-21.50
Apr
0.22-12.00
2.00-21.50
May
0.22-12.00
2.00-21.50
Jun
0.25-12.00
2.00-26.00
Jul
0.50-12.00
2.00-26.00
Aug
0.50-12.00
2.00-26.00
Sep
0.50-12.00
2.00-26.00
Oct
0.50-12.00
2.00-26.00
Nov
0.50-12.00
2.00-26.00
Dec
0.50-12.00
2.00-26.00

Jan
0.50-12.00
2.00-26.00
Feb
0.50-12.00
2.00-26.00
Mar
0.50-12.00
2.00-26.00
Apr
0.50-12.50
2.00-30.00
May
0.50-12.50
2.00-32.00
Jun
0.50-12.50
2.00-32.00
Jul
40.00
80.00-92.00
Aug
40.00
80.00-92.00
Sep
40.00
80.00-92.00
Source:Reserve Bank of Zimbabwe, 2022
* Deposit rates depict the range of rates qouted by banks.
COMMERCIAL BANKS

ALCOHOLIC
BEVERAGES
CLOTHING
&
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNIC
ATION
RECREATION
&
EDUCATION
RESTAUR
ANTS &
MISC.
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
& OTHER
EQUIPMENT
SERVICES
FUELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Source:Zimstat, 2022
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
TOTAL NON

FOOD
INFLATION
ALCOHOLIC
CLOT HING
HOUS ING,
W AT E R,
FURNIT URE
MIS C.
FOOD &
B E VE RAGE S
&
E LE CT RICT Y,
GAS
AND
RE CRE AT ION &
RE S T AURANT S
&
GOODS &
T OT AL NON
NON
ALCOHOLIC
ALL
& T OB ACCO
FOOT W E AR
& OT HE R
E QUIP ME NT
CULT URE
HOT E LS
S E RVICE S
FOOD
B E VE RAGE S
IT E MS
FUE LS
WEIGHTS


Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Source:Zimstat, 2022
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
NON-FOOD INFLATION
HE ALT H
T RANS P ORT
COMMUNICAT ION
E DUCAT ION

USA
SOUTH ARFICAN
BOTSWANA
JAPANESE
EURO
POUND
END OF
Dollar
RAND
PULA
YEN
STERLING

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Source: Reserve Bank of Zimbabwe, 2022
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency

END OF
Market Capitalisation
All Share*
ZWL$ millions

Jan

Feb

Mar

Apr

May

June*

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Source:Zimbabwe Stock Exchange, 2022
*All Share index was introduced in January, 2018
**As at 26 June 2020
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
Market Turnover
ZWL$ million
Volume of Shares
Mining
Indices

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

August

September

Source:Reserve Bank of Zimbabwe, 2022
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

August

September

Source:Reserve Bank of Zimbabwe, 2022
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (000's)