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FEBRUARY 2026

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TABLE OF CONTENTS


OVERVIEW
The ZWG monthly inflation increased to 0.1%
whereas
the
year-on-year
inflation
rate
declined to 3.8%, reflecting continued price
stability.
Broad money (M3) stock, which consists of
both local and foreign currency components,
stood at ZiG112,264.22 million in February
2026, because of an increase of 3.07%
(ZiG3,349.10 million) from ZiG108,915.12
million recorded in January 2026.
Capital markets continued a positive trajectory,
bolstered by improved investor sentiments
partly due to a stable macroeconomic
environment.
The National payment systems transaction
values for February 2026 decreased by 14%
from ZiG206.98 billion in January 2026 to
ZiG178.68 billion. Transactional volumes also
decreased by 3% from 75.78 million to 73.78
million recorded during the same period.
While average prices for most selected
commodities declined in February 2026, gold
and Brent crude oil rose due to stronger
investment demand, heightened geopolitical
tensions, and supply constraints.
During the month of February 2026, total
merchandise trade increased by 7.9% to
US$1,972.7 million, from US$1,829.1 million
recorded in the previous month, owing to
higher exports and imports.
INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS
International average prices for some of the
selected commodities declined in February
2026, except for gold and Brent crude oil,
which increased amid stronger investment
demand, heightened geopolitical tensions, and
supply constraints.
The developments in prices of selected
commodities for the month under review are
shown in Table 1.

Table 1: Average International Commodity
Prices for January 2026 and Feb 2026
Commodity

Jan-26


Feb-26
Monthly
changes
(%)
Gold
US$/oz
4,763.07
5,045.82
5.94
Platinum
US$/oz
2,421.00
2,146.08
-11.36
Palladium
US$/oz
1,844.33
1,736.45
-5.85
Copper
US$/t
13,061.29
13,033.45
-0.21
Nickel
US$/t
18,019.10
17,375.90
-3.57
Brent Crude
oil
US$/bl
64.04
69.42
8.40
Lithium
US$/t
17,641.90 17,362.00 -1.59
Source: Bloomberg, 2026

Gold
Gold prices averaged US$5,045.82 per ounce
in February 2026, an uptick of 5.94% from
US$4,763.07 per ounce recorded in the
previous month. The escalation of conflict in
the Middle East, particularly tensions involving
the U.S./Israel and Iran, heightened uncertainty
across global markets. Growing fears of
broader regional instability increased the
demand for safe-haven assets like gold, thereby
lifting prices higher.

Platinum
Platinum prices fell by 11.36%, from
US$2,421.00 per ounce recorded in January
2026 to US$2,146.08 per ounce in February
2026. Concerns about slower industrial activity

and subdued manufacturing activity signalled
reduced short-term demand, contributing to
price declines. Additionally, ample stocks and
steady recycling eased supply tightness, while
slow vehicle production and the shift to electric
vehicles (EVs) reduced the demand for the
metal.

Palladium
In February 2026, palladium prices declined by
5.85% to US$1,736.45 per ounce, from
US$1,844.33 per ounce recorded in the prior
month. Prices were adversely affected by
prospects of a strengthening U.S. dollar and
tighter monetary conditions, which dampened
investor appetite for the metal and increased the
opportunity cost of holding it. Markets also
reassessed demand prospects, particularly from
the automotive sector, where palladium is
mainly
used
in
catalytic
converters.
Expectations for lower industrial consumption
reduced demand and weighed on prices.

The price movements for selected precious
metals for the period from February 2025 to
February 2026 are shown in Figure 1.

Figure 1: Monthly Precious Metal Prices
(US$ per Ounce): February 2025 – February

Source: Bloomberg, 2026

Brent Crude Oil
Brent crude oil prices rose by 8.40%, to an
average of US$69.42 per barrel in February
2026, from US$64.04 per barrel recorded in the
preceding month. The increase was driven by
mounting concerns over potential U.S. military
action against Iran, which heightened fears of
supply disruptions in the Middle East and
added a geopolitical risk premium to oil prices.
Furthermore, signs of resilient global economic
activity and expectations of steady fuel
demand, particularly from major consuming
economies, supported optimism about oil
consumption, driving prices higher

Figure
2:
Brent
Crude
Oil
Prices
(US$/Barrel) February 2025 –February

Source: Bloomberg, 2026

Copper
Copper prices averaged US$13,033.45 per
tonne in February 2026, a 0.21% decrease from
the US$13,061.29 per tonne recorded in
January 2026. Prices were weighed down by a
weak demand outlook in China, the world’s top
metal consumer, amid uncertainty over
industrial activity and property sector recovery.


Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
US$/ounce
US$/ounce
Platinum
Palladium
Gold (RHS)

Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26

Nickel
During the month under review, nickel prices
retreated by 3.57%, from US$18,019.10 per
tonne recorded in the prior month to
US$17,362.00 per tonne. Concerns that
Indonesia, the world’s largest nickel producer,
might not tighten or clearly define its 2026
output quotas increased expectations of
continued strong supply, which encouraged
selling pressure and lowered prices. Figure 3
shows the base metal price movements for the
period from February 2025 to February 2026.

The base metal price movements from
February 2025 to February 2026 are shown in
Figure 3.

Figure 2: Base Metal Prices (US$/tonne):
January 2025 to February 2026

Source: Bloomberg 2026

Lithium
Lithium
prices
fell
by
1.59%,
from
US$17,641.90 per tonne recorded in January
2026 to US$17,362.00 per tonne in February
2026. The decrease stemmed from cautious
market expectations surrounding the growth in
demand for electric vehicles and batteries,
including early year consumption slowdowns
and reduced buyer interest. Rapid capacity
expansion by lithium producers and battery
manufacturers contributed to a supply–demand
imbalance,
while
large
inventories
and
increased competition among suppliers exerted
downward pressure on prices. The changes in
lithium prices for the period from February
2025 to February 2026 are depicted in Figure 4.

Figure 3: Lithium Prices (US$/tonne)
February 2025 to February 2026

Source: London Metal Exchange, 2026

Merchandise Trade Developments
During the month of February 2026, total
merchandise trade increased by 7.9% to
US$1,972.7 million, from US$1,829.1 million
recorded in the previous month, owing to
higher exports and imports. On a year-on-year
basis, total merchandise trade significantly rose
by 60.8%, from US$1,227.1 million recorded
in February 2025.

Merchandise Exports
The country’s merchandise exports stood at
US$1,009.6 million in February 2026, a 4.1%
increase from US$969.5 million recorded in
January 2026. The month-on-month growth

Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
US$/tonne
US$/tonne
Copper
Nickel (RHS)

Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26

was largely driven by higher earnings from
tobacco and other minerals. In contrast, PGMs
and gold exports declined by 32.7% and 6.4%,
respectively. On an annual basis, exports
increased by 96.5%, from US$513.7 million
recorded in the corresponding month of 2025.
Figure 5
illustrates
developments
in
merchandise exports for the period 2025–2026.

Figure 4: Monthly Merchandise Exports
(US$ millions): 2025 and 2026

Source: ZIMSTAT, 2026

Exports by Commodity
The
country’s
export
basket
remained
dominated by primary commodities, with gold
contributing 45.7%, followed by tobacco at
28.4%, other minerals at 9.0%, and PGMs at
7.0%. Table 2 provides export developments
for January and February 2026.


Table 2: Major Exports (US$ millions)

Jan -25
(US$m)
Feb -26
(US$m)
Jan 25 - Feb 26
Changes (%)
Share
of Feb
Exports
(%)
Total

Of Which:


Gold

Tobacco
(Including
cigarettes)

PGMs

Other mineral
substances

Coal

Steel

Ferrochromium

Other ores and
concentrates

Chromium ores
and
concentrates

Electrical
energy

Others

Source: ZIMSTAT & RBZ Calculations, 2026

Export Market
In February 2026, exports were primarily
destined for the United Arab Emirates (46.4%),
China (34.3%), and South Africa (9.7%), with
the remaining share distributed across other
international markets. Figure 6 shows the
country’s major export destinations for the
month under review.

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

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

Source: ZIMSTAT & RBZ Calculations, 2026

Merchandise Imports
Merchandise imports increased by 12.0% to
US$963.1 million in February 2026, from
US$859.6 million recorded in January 2026.
On an annual basis, imports increased by
35.0%, from US$713.4 million recorded in
February 2025. Monthly import developments
for 2025 and 2026 are as shown in Figure 7.

Figure

shows
the
monthly
import
developments for 2025 and 2026.

Figure 6: Monthly Merchandise Imports
(US$ millions): 2025 and 2026

Source: ZIMSTAT & RBZ Computations, 2026

Imports by Commodity
Industrial supplies continued to dominate the
country’s import bill, accounting for 35.6% of
total imports. This was followed by capital
goods at 23.9%, and fuel and lubricants at
18.3%. Table 3 presents import developments
by Broad Economic Category (BEC) for
January and February 2026.

The imports of major commodities by Broad
Economic Category (BEC) for January and
February 2026 are shown in Table 3.

Table 3: Major Imports (US$ millions)

Jan –25
(US$m)
Feb -

(US$
m)
Jan 25 –
Jan 26
Changes
(%)
Share of
Total
Imports (%)
Feb-26
Total

Of Which:


Industrial
supplies

Fuels and
lubricants

Capital
goods

Food and
beverages

Transport
equipment
and parts

Consumer
goods

Others

Source: ZIMSTAT & RBZ Calculations, 2026

Import Markets
During the month under analysis, the country’s
imports were mainly sourced from South
Africa (35.2%), China (22.4%), Bahrain
(8.7%), and the Bahamas (3.8%), with the

United Arab Emirates
China
South Africa
Indonesia
Zambia
Mozambique
Belgium
Botswana
India
Vietnam


remainder originating from diverse global
markets, as shown in Figure 8.

Figure 7: Top Ten Merchandise Imports
Destinations (% Share)

Source: ZIMSTAT & RBZ Calculations, 2026

Merchandise Trade Balance
During the month under review, the country’s
trade surplus narrowed to US$46.4 million,
from US$109.9 million recorded in January
2026. The merchandise trade balance improved
markedly on an annual basis, moving from a
deficit of US$199.7 million in February 2025
to a surplus of US$46.4 million in February
2026.
Figure 9
illustrates
the
trade
balance
developments for the period from December
2025 to February 2026.

1 Monetary data was revised from September 2024
following the adoption of new reporting return submitted
by banks. The notable revision is on broad money stock
Figure 8: Merchandise Trade Balance (US$
millions)

Source: ZIMSTAT & RBZ Computations, 2026
MONETARY DEVELOPMENTS1
Broad money (M3) stock, which consists of
both local and foreign currency components,
stood at ZiG112,264.22 million in February
2026, an increase of 3.07% (ZiG3,349.10
million) from ZiG108,915.12 million recorded
in January 2026.
The increase in broad money largely reflected
a month-on-month growth of ZiG2,438.46
million (2.74%) in the foreign currency
component
from
ZiG89,060.04
million
recorded in December 2025 to ZiG91,498.50
million. Over the same period, the local
currency
component
also
increased
by
ZiG910.65
million
(4.59%),
from
ZiG19,855.08 million to ZiG20,765.72 million.
The M3 stock was largely dominated by foreign
currency deposits, which accounted for 81.50%
of the total money supply, followed by local
(M3)
which
was
revised
downwards
due
to
reclassification of Government foreign currency deposits
held by banks from deposits included in broad money.

South Africa
China
Bahrain
Bahamas
Hong Kong
United...
Mozambique
Zambia
United States
Mauritius


1,000
1,200
Dec-25
Jan-26
Feb-26
Exports
Imports
Trade Balance

currency deposits, at 17.56%, and local
currency in circulation, 0.13%.
Figure 10 shows the composition of the money
supply.
Figure 9: Composition of Money Supply
Source: Reserve Bank of Zimbabwe, 2026
During the month under analysis, the banking
sector's net credit to the Government decreased
by 3.36% to ZiG64,620.63 million. Credit to
the Government is largely in the form of longterm treasury bills held by banks. Credit to the
private sector increased from ZiG68,321.79
million to ZiG70,294.59 million.
Outstanding credit to the private sector was
mainly channeled to households, agriculture,
manufacturing
and
distribution,
which
collectively received about 26.91%, 17.34%,
13.68%, and 12.52% of the total credit,
respectively. The mining sector received about
7.04% of the total outstanding credit.

Figure 11 shows the distribution of credit by
sector.


Figure 10: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2026

Credit to the private sector was largely utilized
for recurrent expenditure (35.55%), inventory
build-up
(20.94%),
and
fixed
capital
investments (18.39%).

STOCK MARKET DEVELOPMENTS
Zimbabwe Stock Exchange (ZSE)
During the month of February 2026, trading
continued a positive trajectory, bolstered by
improved investor sentiments, partly due to a
stable macroeconomic environment. As a
result, the Zimbabwe Stock Exchange (ZSE)
All Share, Top 10, Top 15 and Medium Cap
indices registered growths of 0.86%, 0.15%,
0.54% and 7.59% to close February 2026 at
359.11 points, 367.23 points, 381.71 points and
350.51 points respectively. The Small Cap
index, however, remained unchanged at
January 2026 level.

In line with the developments on the local
bourse during the period under analysis, the
market gained 1.13%, or ZiG1 248.86 million
worth of capitalisation to ZiG111 894.24
NCDs;
0.81%
Local Currency Time
Deposits; 1.96%
FX Time Deposits;
12.64%
Local Currency
Transferable ;
15.60%
FX Transferable
Deposits; 68.86%
Currency in
Circulation;
0.13%
Households
26.91%
Agriculture
17.34%
Mining
7.04%
Manufacturing
13.68%
Distribution
12.52%
Transport and
Communication
4.09%
Services
10.41%
Financial Organisations
and Investments
4.83%
Construction
3.17%
Other
0.01%

million compared to ZiG110 645.38 million
recorded in the previous month. Similarly, on
an annual basis, market capitalisation gained
80.30%, compared to ZiG62 060.95 million
recorded in the same month in 2025.

The resource index remained gained 4.11% to
close at 122.53 points. Annually, however, the
mining index lost 36.70%, from 193.56 points
recorded in the comparable period last year.

Figure 11: ZSE All Share, Top 10 and
Mining Indices

Source: Zimbabwe Stock Exchange, 2026

During the month under analysis, trading
activity was concentrated on some wealthpreserving counters albeit on lower volumes.
Consequently, the cumulative value of shares
increased by 111.36% to ZiG1 932.17 million
while the volume of shares traded declined by
81.14% to 185.28 million shares. This is
compared to ZiG914.18 million and 982.36
million shares recorded in the previous month,
respectively.

In addition, the increase in turnover value of
shares traded was largely informed by notable
trade deals where combined total of 113.57
million shares in Econet Wireless Zimbabwe
Limited exchanged hands at average price of
ZiG906.15 cents per share and an additional
trade
deal
where
10.95
million
Delta
Corporation Limited shares exchanged hands at
ZiG2 949.95 cents per share.

The proportion of foreign purchases to the
value of shares traded declined significantly in
February
2026,
with
foreign
purchases
accounting for none of the total value of shares
traded. On the other hand, the cumulative net
foreign position, remained unchanged in
February 2026.

Victoria Falls Stock Exchange (VFEX)
The Victoria Falls Stock Exchange (VFEX)
traded positively for the second consecutive
month, adding 6.01% to close at 224.06 points.
This is compared to 211.36 points recorded in
previous month, as shown in Figure 13.

Figure 12: Victoria Falls Stock Exchange
(VFEX) All Share Index (ASI): February
2025- February 2026

Source: Victoria Falls Stock Exchange, 2026

28-Feb-25
31-Mar-25
30-Apr-25
31-May-25
30-Jun-25
31-Jul-25
31-Aug-25
30-Sep-25
31-Oct-25
30-Nov-25
31-Dec-25
31-Jan-26
28-Feb-26
ALL SHARE AND TOP 10 INDICES
ZSE ALL SHARE INDEX
Top 10 Index
Mining Index (Points)

28-Feb-25
31-Mar-25
30-Apr-25
31-May-25
30-Jun-25
31-Jul-25
31-Aug-25
30-Sep-25
31-Oct-25
30-Nov-25
31-Dec-25
31-Jan-26
28-Feb-26

VFEX Market Capitalization
Owing to the positive developments on the
VFEX market in February 2026, the market
gained 6.61%, or US$164.78 million worth of
capitalisation to close at US$2 657.12 million.
This is in comparison to US$2 492.34 million
recorded in the previous month. Annually, the
VFEX capitalisation gained 123.21%, from
US$1
190.43
million
recorded
in
the
comparable period in 2025.

Figure 13: Victoria Falls Stock Exchange
(VFEX)
Market
Capitalisation
(US$
billions)
Source: Zimbabwe Stock Exchange, 2026
NATIONAL PAYMENTS SYSTEM
The total digital payment systems transaction
values for February 2026 decreased by 14%
from ZiG206.98 billion in January 2026 to
ZiG178.68 billion. Transactional volumes also
decreased by 3% from 75.78 million to 73.78
million recorded during the same period,
as shown in Figure 15.


Figure 14: Payment Systems Monthly
Transactional Values and Volumes from
March 2025 – February2026

Source: Reserve Bank of Zimbabwe, 2026
Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The combined value of ZiG and USD
transactions processed through the RTGS
system in February 2026 decreased by 18%
from ZiG140.13 billion recorded in January

to
ZiG114.52
billion.
However,
transactional volumes increased by 4% from
0.81 million to 0.85 million during the same
period under review.

Figure 15: RTGS System Trend for Values
and Volumes from March 2025 – February

Source: Reserve Bank of Zimbabwe, 2026

0.5

1.5

2.5

Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
US$ BILLIONS

Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Volumes (Millions)
Values (Billions)
Values
Volumes


Mar-

Apr-

May-

Jun-

Jul-

Aug-

Sep-

Oct-

Nov-

Dec-

Jan-

Feb-

Volumes in Millions
Values in $ Billions
Values
Volume

Mobile and Internet-Based Transactions
Mobile
and
internet-based
transactions
decreased by 0.2% from ZiG50.36 billion in
January 2026 to ZiG50.26 billion in February
2026.

Cash Transactions
Cash-based transactions decreased by 11.8%
from ZiG14.74 billion in January 2026 to
ZiG13 billion in February 2026.

Card-Based Transactions
Card-based transactions decreased by 14.84%
from ZiG16.33 billion in January 2026 to
ZiG13.90 billion in February 2026.
INFLATION OUTTURN
Monthly Inflation Developments
ZiG Monthly Inflation
The ZWG monthly inflation rate for February
2026 increased to 0.1% from 0.0% recorded in
January 2026. Food inflation contributed -0.04
percentage points to the February 2026
inflation rate, while the non-food component
accounted for 0.18 percentage points. The yearon-year ZWG inflation rate decreased to 3.8%
in February 2026 shedding 0.3 percentage
points from 4.1% in January 2026.

Figure 17 shows developments in monthly ZiG
inflation from August 2024 to February 2026.

Figure 16: ZiG Month-on-Month Inflation

Source: ZIMSTAT, 2026

US$ Monthly Inflation
The monthly USD inflation rate slowed down
by 0.13 percentage points from 0.24% in
January 2026 to 0.11% in February 2026,
driven by both food and non-food inflation.
Food inflation declined to -0.04%, contributing
-0.01 percentage points, largely driven by
fruits, sugar, bread and cereals categories.
Non-food inflation also eased to 0.18% from
0.22% in January 2026, contributing 0.12%,
partially attributable to declines in beer,
equipment sport and clothing materials

Annual Inflation Developments
ZiG Annual Inflation Developments
The year-on-year ZWG inflation rate decreased
from 4.11% in January 2026 to 3.78% in
February 2026. The decline in annual inflation
was driven by food inflation which contributed
1.08 percentage points to the February 2026
inflation rate. Housing, water and energy;
transport; and education had the largest
contributions to the overall inflation. ZWG
annual non-food inflation accounted for 2.89
percentage points to annual ZWG inflation,
-5

Aug-24
Oct-24
Dec-24
Feb-25
Apr-25
Jun-25
Aug-25
Oct-25
Dec-25
Feb-26

driven by university fees, water supply,
garments and beer

US$ Annual Inflation Developments
The annual USD inflation rate moderated to
0.90% in February 2026 from 1.04% in January
2026. USD year-on-year inflation was driven
by food inflation, which stood at -1.10% from -
0.82% in January 2026 and accounted for -0.36
percentage points to the monthly inflation rate.
Non-food inflation also declined to 1.89% in
February 2026 from 1.96% in the previous
month, partially driven by housing, water and
energy; education and alcoholic beverages
categories contributing 1.02 percentage points.

Figure
17:
US$
Annual
Inflation
Developments (%)

Source: ZIMSTAT, 2026

Weighted Annual Inflation
The weighted annual inflation rate decreased
from 1.8% in January 2026, to 1.6% in
February 2026, driven by the disinflationary
trend exhibited by both the ZWG and USD
components

APRIL 2026

RESERVE BANK OF ZIMBABWE
-4
-2

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($ 'Million)
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
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

Of which foreign Currency

ODCs

Of which foreign currency

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Central Bank

ODCs

Of which Foreigm currency

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 (Time Deposits)

of which Foreign Currency Accounts

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,2026
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
(xiii). Monetary data was revised from September 2024 following the adoption of new reporting return submitted by banks. The notable revision is on broad money stock (M3) which was revised downwards due to reclassification of Government foreign currency deposits held by banks from deposits include
(xiv) From April 2024, amounts include Unrealised Exchange Losses pertaining to IMF SDR Drawdowns which have been reclassified from Other Assets (OIN).
(xv). The June 2025 figure includes exchange losses related to external loans transferred to the Government, which were reclassified from Unrealised Exchange Losses in Other Items Net (OIN). The adjustment does not indicate a flow of new money.
(xvi). Loans and Advances to Gvt were revised from April 2024 to incorporate exchange losses relating to IMF SDR Drawdowns

Dec-18
Dec-19
Dec-20
Dec-21
Dec-22
Dec-23
Jul-24
Dec-24
Dec-25
Jan-26
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

of which USD Securities

of which Interest on Foreign Currency TBs
574,54
599,69
Loans and Advances

Of which Loans (inc interest capitalisation on Loans transfared to Gvt)

Revaluations on External Loans Transfared to Government
22 170,46
21 829,04
Amounts Due from Gvt including SDR Drawdowns

Export Incentives

Less Liabilities to Central Government

Of which: Deposits

of which Foreign Currency

Local Currency 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 Money

Monetary Base

Currency Issued

ZWL Coins

ZWL Notes

ZiG Coins

ZiG Notes

Liabilities to ODCs

Reserve Deposits

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

of which Excess reserves - ZiG

Excess reserves - FCA

Private Deposits

Source: Reserve Bank of Zimbabwe,2026
Notes
i. Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
ii. From April 2024, claims on Government amounts include Unrealised Exchange Losses pertaining to IMF SDR Drawdowns which have been reclassified from Other Assets (OIN).
iii. The June 2025 figure includes exchange losses related to external loans transferred to the Government, which were reclassified from Unrealised Exchange Losses in Other Items Net (OIN). The adjustment does not indicate a flow of new money.
iv. Loans and Advances to Gvt were revised from April 2024 to incorporate exchange losses relating to IMF SDR Drawdowns
vi. Loans and Advances to Gvt were further adjusted in June 2025 to include exchange rate related revaluations on external loans transferred to Gvt.
TABLE 2: CENTRAL BANK SURVEY ($'Million)

Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
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

of which foreign currency denominated securities

Loans

of which foreign currency

Other
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less Liabilities to Central Government

Of which: Deposits

of which foreign currency deposits

Other

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

of which foreign currency denominated loans

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
71 557,89

77 653,70

76 952,92

77 123,33

81 906,89

85 574,56

91 519,33

95 396,24

94 314,20

96 697,98

97 310,75

103 323,38

103 564,22

106 881,82

107 153,03

112 071,35

Transferable Deposits
65 726,26

71 536,87

70 228,43

69 326,09

74 633,46

76 668,54

81 316,50

84 216,03

83 327,48

84 046,56

83 971,86

88 707,29

89 504,29

91 112,50

91 160,81

94 767,58

of which FCAs
54 884,34

59 157,87

58 527,96

57 270,33

62 418,69

63 622,76

66 516,87

70 151,60

69 751,55

70 659,66

70 517,62

74 233,88

74 105,68

73 823,32

75 465,39

77 304,41

Other Deposits (Time Deposits)


of which FCAs

Money Market Instruments
771,68

995,70

1 110,84

1 043,01

1 258,29

1 113,65

1 031,34

1 500,40

1 525,56

1 714,71

1 562,95

1 671,42

1 533,06

403,79

1 075,41

905,50
Source:Reserve Bank of Zimbabwe,2026
Notes
i. Monetary data was revised from September 2024 following the adoption of new reporting return submitted by banks.
ii. The notable revision is on broad money stock (M3) which was revised downwards due to reclassification of Government foreign currency deposits held by banks from deposits included in broad money.
TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ 'Million)

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

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


Oct
3 022,6

300 240,3

525 870,3

104 483,2

389 979,7


Nov
3 251,4

286 365,2

575 885,7

111 716,1

342 790,1


Dec
3 361,7

295 435,1

652 284,4

119 932,8

351 906,8


Jan
4 923,3

379 841,7

704 168,6

151 980,1

389 342,8


Feb
1 880,1

436 062,8

743 888,5

81 067,5

518 081,0


Mar
2 031,6

425 326,5

817 631,1

112 374,3

531 935,4


Apr
1 844,7

462 081,4

972 122,7

161 740,7

620 095,0


May
1 107,2

1 048 116,4

2 049 066,1

309 234,1

1 554 969,0


Jun
1 984,5

2 249 201,6

4 424 350,0

471 360,3

3 050 984,1


Jul
1 489,0

1 584 403,3

4 137 377,2

380 493,0

3 132 849,9


Aug
2 292,1

1 505 916,2

4 651 358,8

448 025,8

3 179 274,3


Sep
2 465,6

2 015 621,6

5 263 338,5

560 033,8

3 210 332,7


Oct
2 425,4

2 312 575,1

5 910 277,9

751 077,6

2 663 186,5


Nov
2 705,3

2 558 589,3

6 324 144,1

730 377,0

2 788 783,6


Dec
3 398,4

2 868 505,6

5 973 706,9

918 524,5

2 631 445,7


Jan
2 947,9

5 196 670,6

9 096 074,6

1 414 527,9

3 957 664,6


Feb
3 143,6

7 309 077,0

12 595 037,9

2 395 225,7

5 340 576,7


Mar
2 831,0

9 785 505,6

16 734 744,0

3 185 636,7

7 548 560,1


Apr
7,5

4 794,8

11 004,0

2 108,7

5 798,1


May
15,0

4 337,6

12 420,7

2 281,4

6 437,2


Jun
9,2

4 753,1

12 746,0

2 349,5

6 493,3


Jul
7,5

5 739,9

11 453,3

1 987,0

6 135,6


Aug
6,4

6 444,9

13 516,2

2 310,5

4 922,1


Sep
7,9

10 895,9

22 399,7

3 870,6

8 728,6


Oct
56,7

13 662,1

30 414,7

5 068,5

8 024,4


Nov
72,6

11 233,7

29 835,6

4 498,6

6 365,0


Dec
82,6

10 274,6

32 110,0

5 538,7

8 540,2


Jan
69,3

12 746,4

30 180,7

3 532,9

6 021,2


Feb
75,0

11 639,8

28 998,1

3 283,1

8 161,6


Mar
101,3

9 242,7

30 230,5

3 610,1

12 141,7


Apr
107,4

9 519,9

33 479,3

3 591,2

12 582,7


May
161,4

8 665,8

34 327,1

3 618,3

17 046,8


Jun
212,5

9 521,0

35 799,3

6 230,7

15 373,4


Jul
213,8

9 541,1

35 802,0

6 242,3

15 357,8


Aug
226,2

14 822,2

36 977,1

5 875,5

10 221,8


Sep
239,9

15 521,3

36 090,8

4 591,7

12 448,2


Oct
251,3

14 189,7

36 754,9

5 802,9

12 553,0


Nov
326,3

14 165,5

37 874,5

6 578,1

12 199,9


Dec
369,8

15 140,9

39 886,1

4 131,9

11 461,7


Jan
380,2

20 317,6

36 537,8

5 100,6

10 727,9


Feb
380,3

18 311,8

38 550,6

5 693,1

11 255,4


Source:Reserve Bank of Zimbabwe, 2026
Notes
i.Government securities includes treasuary bills and bonds
ii.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
ii.Includes households, other financial corporations.
*Statistics are denominated in ZiG
Public Enterprises
Debt Securities
Loans and Advances
Government1
Securities
Other Institutional Units
Foreign
Currency
Denominated
ZiG
Denominated
TABLE 4.1 : OTHER DEPOSITORY CORPORATIONS - ASSETS
Millions

End of
Total Deposits
of which FCA

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

*Oct

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sept

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
ZWG millions
TOTAL
Time Deposits
Savings
Demand
Government
Other Finacial
Corporations
Capital and
Reserves
Contigent
Liabilities
Other
Liabilities
Other
Depository
Total Deposits from
the Public
Other Depository
Corporations
Debt Securities
Foreign
Liabilities
RBZ

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

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

Oct
1 704,79

281 204,64

480 106,49

94 573,08

343 440,15

22 895,35

136 939,74

-

204,69

2 201,55

116,48

341,96

22 935,50

852 069,39

15 525,65

165 306,91

232 188,99

245 924,22

2 897 679,6

Nov
1 644,95

259 109,18

533 438,97

101 870,32

299 715,01

17 089,04

180 534,44

-

141,97

2 292,28

119,53

303,55

22 178,73

960 814,77

15 450,39

170 944,78

196 338,19

250 551,19

3 012 537,3

Dec
1 778,71

263 863,65

603 136,26

110 935,77

299 087,30

7 965,37

266 725,41

-

79,26

3 887,78

114,42

282,61

30 272,25

1 066 654,12

16 130,63

159 126,16

189 560,01

344 235,10

3 363 834,8

Jan
2 391,61

340 953,56

654 740,29

143 455,70

335 380,17

(1 443,59)

301 026,07

-

105,97

4 873,87

228,45

251,24

44 113,17

1 307 512,98

17 767,70

227 545,42

204 830,78

374 080,77

3 957 814,2

Feb
1 470,56

366 544,71

691 937,49

71 097,36

452 795,43

21 074,53

306 913,92

-

50,02

1 524,98

318,96

197,44

44 691,50

1 481 851,05

18 037,18

226 932,96

224 983,29

411 002,80

4 321 424,2

Mar
1 771,98

344 570,46

755 463,34

103 284,07

478 333,21

41 928,66

330 669,68

-

-

3 884,11

432,22

149,78

48 725,38

1 679 284,89

28 439,56

554 840,85

254 605,57

438 790,17

5 065 173,9

Apr
1 631,24

388 822,83

903 029,49

144 252,31

555 886,92

32 206,95

361 846,09

-

-

8 716,45

559,82

99,28

54 058,39

1 722 384,40

28 899,91

214 270,92

321 765,39

476 263,19

5 214 693,6

May
1 010,26

907 818,70

1 932 225,57

281 052,93

1 351 116,97

84 147,32

570 367,60

-

-

8 974,78

4 599,15

80,34

112 188,06

3 844 133,80

65 696,39

607 438,10

669 908,72

758 154,17

11 198 912,9

Jun
1 762,11

1 979 000,71

4 218 755,04

444 538,09

2 584 596,63

350 042,51

865 465,55

-

-

221,09

10 133,46

8 052,34

260 946,26

8 487 837,63

92 224,26

1 390 786,24

1 304 228,92

2 222 499,38

24 221 090,2

Jul
1 305,13

1 428 604,02

3 898 282,53

359 151,15

2 646 743,26

337 541,82

1 133 463,14

-

-

153,30

7 368,09

68,07

208 253,70

6 917 007,30

129 308,58

829 382,28

1 155 945,57

2 438 538,20

21 491 116,1

Aug
1 664,09

1 370 651,81

4 309 693,74

391 792,23

2 693 989,06

208 098,88

1 084 784,90

-

-

138,30

7 469,95

75,80

205 341,47

6 863 348,14

127 816,16

701 626,16

1 081 800,09

2 446 465,02

21 494 755,8

Sep
1 503,56

1 763 364,33

4 914 305,55

517 813,92

2 760 807,78

247 094,60

1 204 684,14

-

-

9,75

9 935,82

92,05

219 878,94

8 245 053,80

151 685,43

776 997,57

1 312 147,78

2 668 520,81

24 793 895,8

Oct
1 977,18

2 059 471,85

5 625 069,70

562 790,91

2 202 475,21

175 235,94

1 172 130,22

-

-

0,03

10 816,83

98,06

237 525,73

8 864 363,09

153 534,70

958 746,42

1 351 846,54

2 767 099,33

26 143 181,7

Nov
2 295,18

2 278 921,91

5 913 094,15

568 556,41

2 451 981,00

180 229,25

1 337 040,40

-

-

0,03

10 921,42

59,77

238 702,30

9 040 518,08

158 702,11

1 046 256,98

1 702 370,26

2 868 031,98

27 797 681,2

Dec
2 947,49

2 536 437,97

5 489 443,24

657 432,63

2 268 702,96

155 742,88

2 420 663,39

-

-

0,03

12 324,59

73,45

248 699,79

9 507 281,46

255 007,08

1 184 706,91

1 748 495,98

3 349 062,31

29 837 022,2

Jan
2 536,36

4 749 173,95

8 535 153,83

940 210,80

3 564 879,01

285 807,60

3 972 600,87

-

-

0,03

17 912,41

198,80

374 088,29

14 957 169,30

312 516,30

1 949 662,45

2 737 500,88

4 289 981,53

46 689 392,4

Feb
2 519,25

6 564 463,71

11 709 703,62

1 772 649,65

4 708 270,62

153 450,01

5 911 393,45

-

-

0,03

26 073,06

232,00

488 602,76

22 234 523,09

378 975,16

2 608 075,14

3 125 793,33

5 812 047,28

65 496 772,2

Mar
2 435,72

8 601 285,46

15 501 059,95

2 213 233,27

6 701 169,42

775 336,87

8 098 495,31

-

-

0,03

47 609,35

143,35

729 484,92

34 077 197,02

597 886,20

2 860 196,61

4 317 386,46

8 974 860,63

93 497 780,6

Apr
5,89

4 141,51

9 980,68

1 414,28

5 461,70

287,09

5 206,08

-

-

0,00

31,18

88,00

440,49

20 170,86

246,21

2 510,15

5 472,97

4 360,99

59 818,1

May
10,60

3 583,02

11 575,45

1 506,01

6 092,37

382,87

5 420,56

-

-

0,00

29,63

1,37

433,36

21 315,87

348,50

2 114,73

6 339,55

4 613,87

63 767,8

Jun
8,01

4 111,49

11 498,97

1 627,32

5 775,34

298,05

6 080,69

-

-

7,23

24,70

1,49

446,45

22 801,09

345,72

2 541,32

6 558,03

5 419,46

67 545,3

Jul
5,05

4 943,82

10 426,18

1 342,47

5 743,94

351,44

6 988,99

-

0,00

5,21

25,13

0,16

432,35

24 895,03

348,09

2 342,85

6 539,59

6 244,23

70 634,5

Aug
5,26

5 703,86

12 540,81

1 453,04

4 411,38

205,93

6 149,38

-

-

2,43

126,05

0,19

378,05

25 591,15

542,15

2 767,89

7 004,36

6 832,60

73 714,5

Sep
6,82

9 465,31

20 161,22

2 742,22

7 903,81

340,45

10 295,58

-

-

0,00

244,94

0,33

600,93

43 094,11

979,13

4 853,44

11 326,85

9 785,35

121 800,5

Oct
39,65

12 315,40

27 597,64

3 670,13

7 120,62

129,14

11 256,45

-

-

0,00

239,01

0,08

679,62

49 545,16

1 042,81

6 380,10

11 454,83

11 116,57

142 587,2

Nov
58,26

10 111,62

27 498,54

3 102,17

5 626,08

117,33

9 757,48

-

0,00

0,00

287,55

2 326,36

572,57

45 782,99

1 064,73

6 685,94

11 362,33

10 783,91

135 137,8

Dec
64,89

8 774,50

29 312,78

3 217,87

7 673,17

287,57

10 942,77

-

0,00

8,29

54,88

0,57

549,66

46 926,14

1 073,63

6 555,30

13 399,70

11 326,46

140 168,2

Jan
55,47

11 470,10

27 587,58

2 805,14

5 383,93

896,67

12 362,23

-

-

807,94

342,87

-

201,82

6 018,68

38 456,08

44 474,76

4 490,04

6 786,76

7 296,77

14 700,77

139 662,8

Feb
60,09

10 394,10

26 074,71

2 500,83

7 466,49

879,05

11 985,91

-

-

1 227,40

525,19

-

210,91

5 135,14

39 602,20

44 737,33

4 572,78

7 060,84

6 529,15

14 603,01

138 827,8

Mar
79,63

7 880,54

27 417,58

2 717,51

11 623,76

820,11

12 300,30

-

-

1 342,02

509,01

-

196,72

4 699,08

40 942,54

45 641,63

4 354,50

7 859,25

6 540,97

15 243,80

144 527,3

Apr
87,99

8 108,02

30 664,80

2 649,20

12 068,34

413,80

12 241,98

-

-

1 095,15

478,00

-

177,77

4 854,99

44 593,50

49 448,49

4 042,90

6 452,91

9 497,37

15 304,56

152 731,3

May
133,33

7 539,98

31 081,99

2 649,42

16 140,56

419,60

12 259,88

-

-

953,79

469,51

-

151,74

5 278,01

46 383,60

51 661,61

3 991,35

7 163,66

9 319,35

15 249,33

159 185,1

Jun
181,74

8 374,10

32 527,57

5 410,98

14 549,70

119,42

13 604,07

-

-

992,17

508,81

-

141,15

5 228,09

47 537,52

52 765,60

6 477,32

7 532,53

8 140,55

15 060,65

166 386,4

Jul
183,05

8 394,26

32 530,27

5 422,55

14 534,13

119,42

13 602,14

-

-

992,17

508,81

-

141,15

5 228,09

47 619,44

52 847,52

6 442,57

7 493,64

8 217,25

15 090,15

166 519,1

Aug
193,19

13 295,37

33 500,18

4 346,93

8 753,41

609,59

14 232,02

-

-

583,16

540,44

21,46

129,27

6 419,77

47 719,81

54 139,58

7 481,64

8 543,31

9 652,13

15 411,88

171 433,6

Sep
201,68

13 950,40

32 362,47

3 553,93

11 188,77

921,94

13 421,60

-

-

757,44

561,95

18,84

110,22

6 020,45

49 450,81

55 471,26

5 730,80

8 537,36

10 340,98

15 804,22

172 933,8

Oct
204,51

12 507,21

32 947,48

4 526,89

11 385,81

910,64

14 013,13

-

-

655,59

539,19

23,48

267,06

6 236,10

51 566,50

57 802,60

4 997,85

7 774,84

9 423,21

16 097,87

174 077,4

Nov
263,56

12 673,29

33 851,53

5 484,35

10 816,26

828,03

14 055,20

-

-

649,51

515,30

23,74

327,36

5 880,27

53 183,11

59 063,39

5 737,74

9 054,80

9 275,53

15 949,32

178 568,9

Dec
309,46

13 291,25

36 167,66

3 188,93

10 104,59

820,00

15 607,97

-

-

1 469,05

453,93

20,77

412,11

5 956,99

53 287,33

59 244,32

4 666,34

8 262,05

8 562,83

17 160,25

179 741,5

Jan
311,75

18 070,79

33 083,61

4 251,68

9 737,03

703,48

15 231,53

-

-

1 542,21

429,79

23,29

428,07

5 548,70

53 453,83

59 002,53

4 727,54

8 573,50

9 234,32

17 001,46

182 352,6

Feb
317,74

16 635,45

34 876,58

4 744,68

10 065,84

785,88

15 098,19

-

-

907,93

12,67

23,76

901,37

5 626,16

54 912,59

60 538,75

4 371,98

8 179,56

9 180,95

17 530,07

184 171,4

Source: Reserve Bank of Zimbabwe, 2026
Notes
i.Government securities include treasuary bills and bonds
ii.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
iii.Includes households, other financial corporations.
Statistics are denominated in ZiG
TABLE 5.1: COMMERCIAL BANKS -ASSETS
ZWG millions
Debt Securities
Loans and Advances
Other Institutional Units

End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Of wich FCA
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

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
TABLE 5.2 : COMMERCIAL BANKS - LIABILITIES
Deposits
Amounts Owing to
ZWG millions

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

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

Oct
1 158,3

14768,7
44 296,5

10013,7
44 664,1

-

14 109,9

0,0
-

1 142,4

16 817,7

-

123 793,8

30036,4
47 678,2

348 479,7

Nov
1 449,3

22456,9
41 398,0

9771,8
41 317,6

-

17 572,6

0,0
-

2 085,3

16 785,8

-

136 029,9

30694,0
46 275,8

365 836,9

Dec
1 470,7

23012,7
48 533,8

8913,7
50 229,0

-

21 411,1

0,0
19 993,4

2 176,2

17 693,7

-

119 322,3

39279,1
69 102,5

421 138,1

Jan
2 402,7

32405,1
47 062,6

8410,8
50 364,6

-

17 976,2

0,0
23 668,5

2 406,3

18 311,0

-

132 757,4

41367,4
69 570,1

446 702,8

Feb
234,9

59685,4
50 103,0

9568,6
62 701,4

889,9

24 809,7

0,0
26 667,1

4 451,9

21 629,1

-

146 798,4

50093,6
70 987,9

528 620,9

Mar
214,6

72311,9
57 399,6

9196,8
51 300,9

-

28 841,5

0,0
24 689,0

5 503,9

19 118,6

-

170 376,6

54524,7
84 489,1

577 967,3

Apr
184,1

61341,6
63 129,5

16343,2
61 444,0

-

28 727,0

0,0
28 119,0

5 989,2

27 619,9

-

205 412,2

81442,9
86 571,2

666 323,9

May
78,1

125685,1
100 808,7

22707,0
195 646,6

-

81 344,3

0,0
69 908,9

6 246,8

53 180,7

-

440 462,4

103176,1
116 103,7

1 315 348,2

Jun
176,6

227001,8
172 666,5

25998,2
452 772,6

40 326,7

115 193,3

0,0
196 310,3

4 209,5

121 677,5

-

870 075,1

230604,4
544 587,8

3 001 600,3

Jul
162,7

132017,2
220 995,0

20797,2
459 668,2

32 010,8

105 308,6

0,0
154 472,7

13 777,8

153 638,5

-

697 177,8

209734,6
612 937,8

2 812 698,9

Aug
611,0

105296,6
309 821,7

55744,7
475 838,3

37 447,1

102 495,2

0,0
153 578,2

6 767,5

135 193,3

-

758 439,2

223114,4
564 622,1

2 928 969,2

Sep
949,3

193065,6
339 269,2

41680,1
437 996,0

58 554,5

110 351,3

0,0
161 346,6

4 522,1

153 113,7

-

880 148,8

290026,7
565 616,4

3 236 640,3

Oct
403,8

204713,4
254 684,1

187632,1
440 150,3

65 022,1

97 046,1

0,0
176 111,9

13 771,8

173 523,5

-

829 479,5

345029,3
586 015,6

3 373 583,5

Nov
370,5

222344,7
387 213,2

160896,0
326 510,1

50 688,3

159 225,4

0,0
173 990,9

28 127,2

187 363,3

-

926 663,7

395549,5
595 811,6

3 614 754,5

Dec
403,7

251968,8
457 034,9

261067,9
345 348,0

56 551,7

185 131,1

0,0
166 902,0

27 875,9

222 503,1

0,7

973 788,6

507890,9
658 045,7

4 114 512,9

Jan
367,9

368046,7
524 020,9

471915,0
363 325,6

40 412,9

280 803,2

0,0
280 441,0

45 935,9

339 610,7

-

1 563 405,5

649087,4
742 734,0

5 670 106,8

Feb
578,8

637645,2
797 581,2

618074,6
613 309,7

24 680,4

425 783,2

0,0
399 313,5

67 900,2

519 513,4

-

2 188 186,8

904519,6
937 957,6

8 135 044,1

Mar
356,6

1026840,5
1 171 941,4

888362,3
829 470,4

-

440 943,8

0,0
528 820,5

103 276,3

787 872,2

-

3 761 909,8

1403556,4
1 697 667,5

12 641 017,5

Apr
1,0

564,4
864,1

693,0
326,5

67,2

337,2

0,0
313,5

-

593,2

212,7

2 856,8

420,1
824,2

8 074,0

May
4,0

639,2
783,2

772,6
296,2

109,6

407,6

0,0
303,7

-

309,2

19,8

2 946,5

712,1
903,7

8 207,5

Jun
1,1

520,3
1 122,4

718,7
678,1

110,9

188,6

0,0
282,9

-

424,7

20,4

2 998,6

858,8
1 229,8

9 155,3

Jul
2,4

681,0
918,2

640,3
336,2

99,8

676,7

0,0
276,2

5,0

333,9

20,5

3 022,2

1332,3
1 250,3

9 595,1

Aug
1,1

642,2
853,3

852,1
428,1

-

764,6

0,0
246,2

5,1

373,1

20,6

3 042,5

1811,8
1 318,9

10 359,6

Sep
1,0

1230,9
1 985,1

1121,2
705,4

-

555,5

0,0
431,0

34,5

1 130,0

37,0

4 878,1

2054,8
2 298,6

16 463,3

Oct
13,1

1166,2
2 512,0

1391,6
769,7

-

745,1

0,0
502,2

5,3

1 380,9

42,7

5 751,9

2214,8
2 435,0

18 930,4

Nov
14,0

918,9
2 141,3

1383,8
649,7

-

602,6

0,0
367,6

5,4

1 293,8

39,5

4 997,5

2566,9
2 458,3

17 439,1

Dec
17,1

1089,4
2 633,9

2306,6
754,5

-

675,7

0,0
361,0

-

1 424,9

35,4

5 500,8

2343,9
2 593,3

19 736,5

Jan
13,1

939,4
2 348,5

616,8
637,3

-

1 028,5

0,0
-

1 019,2

1 294,7

-

356,6

317,5

5 353,2

5 670,7

199,4

-

3001,4
3 282,1

20 407,7

Feb
13,9

980,7
2 545,5

628,6
695,1

-

753,2

0,0
-

997,8

1 428,4

-

335,1

535,1

5 302,8

5 837,9

199,4

-

1754,4
3 294,2

19 464,2

Mar
20,4

1031,3
2 349,0

786,9
517,9

-

844,9

0,0
-

1 066,7

1 604,4

-

284,5

358,4

5 601,2

5 959,7

121,0

-

1684,9
3 466,0

19 737,7

Apr
17,8

1038,4
2 522,2

766,4
514,4

-

900,0

0,0
-

1 084,2

1 815,7

-

284,5

322,9

5 519,7

5 842,6

111,4

-

1736,6
3 476,9

20 111,3

May
26,4

855,4
2 940,4

801,9
906,2

-

1 009,6

0,0
-

1 098,4

1 814,5

-

204,3

695,6

5 865,6

6 561,2

139,8

-

2062,4
3 495,2

21 915,6

Jun
29,0

803,0
2 966,8

631,1
823,7

-

1 262,5

0,0
-

1 046,3

1 892,2

-

197,5

635,7

6 405,1

7 040,8

232,2

-

1786,7
3 716,9

22 428,7

Jul
29,0

803,0
2 966,8

631,1
823,7

-

1 262,5

0,0
-

1 046,3

1 892,2

-

197,5

635,7

6 405,1

7 040,8

232,2

-

1786,7
3 716,9

22 428,7

Aug
32,3

1148,2
3 101,3

1361,4
1 468,4

-

892,1

0,0
-

1 235,6

1 836,0

-

113,8

639,9

6 476,6

7 116,6

593,1

-

2036,4
3 683,5

24 618,5

Sep
34,4

1218,5
3 281,0

813,1
1 259,5

-

830,3

0,0
-

1 226,4

2 125,7

-

107,4

842,6

6 263,1

7 105,7

451,2

-

2125,9
3 664,0

24 242,9

Oct
43,3

1267,3
3 558,0

979,8
1 167,2

-

825,7

0,0
-

1 303,7

2 339,1

-

192,1

741,0

5 924,4

6 665,4

439,4

-

2552,1
3 279,3

24 612,4

Nov
52,6

1073,9
3 497,0

941,9
1 383,6

-

934,1

0,0
-

1 285,1

2 404,5

-

196,6

747,1

5 896,2

6 643,3

445,0

-

2697,9
3 293,4

24 849,0

Dec
56,6

1353,3
3 358,3

770,7
1 357,1

-

813,7

0,0
-

1 218,2

2 301,7

-

240,1

688,4

5 536,9

6 225,3

499,2

-

2126,3
2 525,0

22 845,2

Jan
57,5

1497,5
3 278,9

620,0
990,9

-

734,8

0,0
-

1 079,0

2 294,1

-

1 082,4

689,9

4 363,9

5 053,8

499,5

-

1861,4
2 511,3

21 561,0

Feb
56,4

1102,7
3 290,8

680,1
1 189,6

-

740,2

0,0
-

1 256,6

2 314,0

-

1 092,2

688,3

4 655,2

5 343,6

495,5

-

2314,5
2 514,8

22 391,0

Source:Reserve Bank of Zimbabwe, 2026
Notes
i.Government securities include treasuary bills and bonds
ii.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
ii.Includes households, other financial corporations,
* Statistics are denominated in ZiG
Other Institutional Units
TABLE 6.1: BUILDING SOCIETIES ASSETS
ZWG millions
Debt Securities
Loans and Advances

Debt Securities
Foreign Liabilities
Capital
Contigent
Other
TOTAL
and
Liabilities
Liablities
End of
Demand
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Of wich FCA
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

Oct

Nov

Dec


Jan


Feb


Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Dec


Jan


Feb


Source: Reserve Bank of Zimbabwe, 2026
* Statistics are denominated in ZiG
ZWG millions
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
Amounts Owing to

END OF

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec


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

*Oct

*Nov

*Dec


*Jan

Feb

Source: Reserve Bank of Zimbabwe, 2026
Notes
0,10
i.Including the only merchant bank still in operation.
*Statistics are denominated in ZiG
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
ZWG ('000)
AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL &
INVESTMENTS
FINANCIAL
ORGANISATIONS
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL

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

Oct

Nov

Dec


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

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
ZWG ('000)

Minimum
Maximum
Minimum
Maximum

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

*Oct

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Reserve Bank of Zimbabwe, 2026
*Lending rates are for ZiG loans
Individuals
Corporates
End of
Weighted Lending Rates

Minimum
Maximum
Minimum
Maximum

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

*Oct

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Reserve Bank of Zimbabwe, 2026
* Deposit rates depict the range of rates qouted by banks.
*Deposit rates are for ZiG deposits
SAVINGS
3 MONTHS
TABLE 8.2 : COMMERCIAL BANKS DEPOSIT RATES (percent per annum)

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

*Oct

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Zimstat, 2026
*Statistics are in ZiG
TOTAL NON
FOOD
ALCOHOLIC
BEVERAGES &
TOBACCO
FURNITURE AND
EQUIPMENT
HEALTH
TRANSPORT
COMMUNICATION
TABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
FOOD & NON
ALCOHOLIC
BEVERAGES
ALL
ITEMS
HOUSING,
WATER,
ELECTRICTY,
GAS & OTHER
FUELS
CLOTHING &
FOOTWEAR
RECREATION &
CULTURE
RESTAURANTS &
HOTELS
EDUCATION
MISC. GOODS &
SERVICES

FOOD
INFLATION
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

Oct

Nov

Dec


Jan

Feb

Mar

Apr


*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Zimstat, 2026
*Statistics are in ZiG
ALL ITEMS
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
NON-FOOD INFLATION
HEALTH
TRANSPORT
COMMUNICATION
EDUCATION
ALCOHOLIC
BEVERAGES
& TOBACCO
CLOTHING
&
FOOTWEAR
HOUSING,
WATER,
ELECTRICTY,
GAS &
OTHER FUELS
FURNITURE
AND
EQUIPMENT
RECREATION
& CULTURE
RESTAURANTS
& HOTELS
MISC.
GOODS &
SERVICES
TOTAL NON
FOOD
FOOD & NON
ALCOHOLIC
CEVERAGES

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

*Oct

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Reserve Bank of Zimbabwe, 2026
TABLE 10 : SELECTED INTERNATIONAL EXCHANGE RATES
*The Reserve Bank introduced a new currency ZiG on 5 April
& recalibrated exchange rates to ZiG
END OF
USA DOLLAR
SOUTH ARFICAN
RAND
BOTSWANA PULA
JAPANESE YEN
EURO
POUND
STERLING

Market Capitalisation
All Share Index*
ZWG millions

Jan

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec


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

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Zimbabwe Stock Exchange, 2026
**As at 26 June 2020
***The ZSE rebased indices to 100 in April 2024 following the introduction of the ZiG
*Statistics are denominated in ZiG
*All Share index was introduced in January, 2018
TABLE 11: ZIMBABWE STOCK MARKET STATISTICS
Mining Index
Market Turnover
ZWG
Volume of Shares
END OF

END OF
ZETSS
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

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

*Oct

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
TABLE 12.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWG Millions)

END OF
ZETSS
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

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

*Oct

*Nov

*Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: Reserve Bank of Zimbabwe, 2026
*Statistics are denominated in ZiG
10,00
TABLE 12.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (000's)

END OF
EXPORTS
IMPORTS
TOTAL TRADE
TRADE BALANCE

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

Oct

Nov

Dec


*Jan

*Feb

*Mar

*Apr

*May

*Jun

*Jul

*Aug

*Sep

*Oct

*Nov

*Dec


*Jan

*Feb

Source: ZIMSTAT, 2026
TABLE 13 : MERCHANDISE TRADE STATISTICS
(US$ millions)