i


April 2024

TABLE OF CONTENTS


OVERVIEW
The Reserve Bank of Zimbabwe introduced the
ZiG, which is a structured currency fully
backed by gold, and foreign currency reserves
on the 5th of April 2024. All Zimbabwe Dollar
(ZW$) balances have been converted to the
new currency. The prices of goods and services
have also shifted from ZW$ to ZiG. Prices and
the exchange rate have remained stable under
the new currency system as the outlook on
economic activity becomes positive.

The Consumer Price Index (CPI) has been
rebased to 100 in April 2024 following the
introduction of the new currency. This implies
that the estimation of monthly ZiG inflation
commences in May 2024 while the publication
of annual ZiG inflation figures commenced in
April 2025.

The Zimbabwe Stock Exchange indices were
also rebased to 100 in April 2024. Trading on
the ZSE was subdued during the month under
analysis due to tight liquidity conditions on the
local bourse.

The Victoria Falls Stock Exchange (VFEX)
was bearish during the month of April 2024.
Consequently, the All-Share index lost 0.44%
to close at 100.62 points, compared to 101.06
points recorded in April 2024.


The value of transactions processed through the
National Payment Systems (NPS) stood at
ZiG66.93 trillion during the month of April
2024. NPS transaction volumes decreased by
43% to close at 38.65 million, from
68.31million recorded in March 2024.

On the external front, the country’s total
merchandise trade for the month of April 2024
stood at US$1,288.0 million which is 2.57%
higher as compared to the US$1,255.7 million
recorded in the previous month. The increase in
total trade can be attributed to an increase in
imports during the reporting period.

INTERNATIONAL COMMODITY
PRICE DEVELOPMENTS
During the month of April 2024, the
international prices for several commodities
firmed, driven by higher demand. Table 1
shows the evolution in the international prices
of selected commodities during the month
under analysis.

Table 1: International Commodity Prices
for March and April 2024
Commodity
Mar-24
Apr-24
Monthly
changes
(%)
Gold
US$/oz
2,156.49
2,333.14
8.19
Platinum
US$/oz
911.08
941.68
3.36
Palladium
US$/ounce
1,016.08
1,016.20
0.01
Copper
US$/tonne
8,796.98
9,592.53
9.04
Nickel
US$/tonne
17,645.03
18,353.90
4.02
Brent Crude
oil
US$/barrel
84.62
88.96
5.13
Lithium
US$/tonne
13,273.80
13,703.00
3.23
Source: Bloomberg, 2024
Gold
Gold prices averaged US$2,333.14 per ounce
in April 2024, which is an increase of 8.19%,
from US$2,156.49 per ounce in March 2024.
The increase in price was supported by an
increase in safe-haven appeal for gold and
rising investor expectations of a U.S. interest
rate cut.

Platinum
Platinum prices increased by 3.36%, from an
average of US$911.08 per ounce in the
previous month to US$941.68 per ounce during
the reporting month. This was, mainly on
account of a combination of stronger demand,
sector rebound expectations, speculation on
future demand, and increasing expectations for
monetary policy easing by the US Fed.
Palladium
Palladium prices marginally increased by
0.01%, from US$1,016.08 per ounce in the
previous month to close the month under
analysis at US$1,016.08 per ounce, driven by a
brighter demand outlook from the auto
industry. The price trends of precious metals
from March 2021 to April 2024 are shown in
Figure 1.
Figure 1: Monthly Precious Metal Prices (in
US$ per Ounce): April 2021 – April 2024

Source: Bloomberg, 2024

Brent Crude Oil
During the month of April 2024, Brent crude
oil prices firmed by 5.12%, from an average of
US$84.62 per barrel in March 2024, to
US$88.96 per barrel. The increase in oil prices
was largely attributable to the persistence of
geopolitical tensions in Europe and the Middle
East and concerns over supply constraints and
rising speculation about higher global demand.
Figure 2 shows developments in oil prices for
the period from April 2021 to April 2024.
Figure 2: Brent Crude Oil Prices
(US$/Barrel) April 2021 – April 2024

Source: Bloomberg, 2024

Copper
During the month of April 2024, copper prices
surged by 9.04%, from US$8,796.98 per tonne
recorded in the prior month to US$9,592.53 per
tonne during the month under analysis. Prices
were largely supported by tight supply
conditions.
Nickel
Nickel prices firmed by 4.02%, from a monthly
average of US$17,645.03 per tonne recorded in
March 2024, to US$18,353.90 per tonne,
during the month under analysis. This followed
speculation about rising demand for stockpiling


Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
Apr-24
US$/ounce
US$/ounce
Gold
Palladium
Platinum (RHS)

Apr-21
Aug-21
Dec-21
Apr-22
Aug-22
Dec-22
Apr-23
Aug-23
Dec-23
Apr-24
US$/barrel

in China. Figure 3 shows base metals price
developments for the period from April 2021 to
April 2024.
Figure 3: Base Metal Prices (US$/tonne):
April 2021 – April 2024
Source: Bloomberg 2024

Lithium
During the month under analysis, lithium prices
rose by 3.23%, from US$13,273.80 per tonne
in the prior month to US$13,703.00 per tonne,
on account of increased demand. The price
developments for lithium for the period from
April 2023 to April 2024 are illustrated in
Figure 4.


Figure 4: Lithium Prices (US$/tonne) April
2023 – April 2024

Source: London Metal Exchange, 2024

Merchandise Trade Developments
The country’s total merchandise trade for the
month of April 2024 stood at US$1,288.0
million which is 2.57% higher as compared to
the US$1,255.7 million recorded in the
previous month. The increase in total trade was
attributed to an increase in imports during the
reporting period. On a year-on-year basis, total
merchandise trade surged by 1.9% from
US$1,263.5
million
recorded
in
the
corresponding month in 2023.
Merchandise Exports
During the month of April 2024, the country
exported merchandise worth US$515.5 million
representing a decline of 3.6% from US$534.7
million recorded in the previous month. The
decrease in merchandise exports was largely
driven by a fall in industrial diamond exports.
On a year-on-year basis, monthly exports for
April 2024 were 7.2% lower than the US$555.5
million recorded in the corresponding month in
2023. Figure 5 shows developments in the
country’s merchandise exports for 2023 and
2024.

Figure 5: Merchandise Exports (US$
millions): 2023 and 2024

Source: ZIMSTAT, 2024

Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
Apr-24
US$/tonne
US$/tonne
Copper
Nickel (RHS)


Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
Apr-24
US$/tonne

Jan
Feb
Mar
Apr

Exports by Commodity
During the month of April 2024, the country’s
primary export commodities including gold,
PGMs, tobacco, and ferrochrome were the
leading export commodities contributing about
78.2% of total exports.

Gold accounted for 20.8% of exports, PGMs
accounted for 35.9%, tobacco accounted for
6.4%, and ferrochrome accounted for 5.4% of
the total exports. Table 2 shows developments
in the country’s exports for the months of
March and April 2024.

Table 2: Major Exports (US$ millions)

Mar-24
(US$m)
Apr-24
(US$m)
Mar-Apr
Changes
(%)
Share of
Exports
(%) Apr-24
Total

Of Which:


PGMs*

Gold

Tobacco (incl
cigarettes)

Ferrochromium

Chromium Ores
and

Coal

Industrial
diamonds

Cotton

Black tea

Granite

Others

Source: ZIMSTAT & RBZ Calculations, 2024
*PGMs Include Nickel mattes, nickel ores &
concentrates and platinum

Export Markets
During the month under review, the bulk of the
country's exports was destined for South Africa
(45.6%), the United Arab Emirates (21.5%),
Mozambique (10.8%), Botswana (7.1%), and
China (4.5%), as illustrated in Figure 6.


Figure 6: Top Ten Merchandise Export
Destinations (% Share)
Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Imports
The country’s import bill for the month of April
2024 amounted to US$772.4 million, a 7.1%
increase from US$721 million reported in the
previous month. Furthermore, the imports
recorded in April 2024, were 9.1% higher than
the US$708.0 million recorded in the
comparable month in 2023, as shown in Figure
7.
Figure 7: Merchandise Imports (US$
millions): 2023 and 2024

Source: ZIMSTAT & RBZ Computations, 2024


South Africa
China
United Arab Emirates
Mozambique
Hong Kong
Zambia
Vietnam
Indonesia
India
United States


Jan
Feb
Mar
Apr

Imports by Commodity
During the month of April 2024, Zimbabwe's
import mix was dominated by several key
commodities.
Diesel accounted for the largest share at 8.5%
of total imports, while leaded petrol, maize, and
motor vehicles for transport made up 4.8%,
4.4%, and 3.5% of the country's overall import
basket, respectively. Table 3 shows imports of
major commodities for March and April 2024.
Table 3: Major Imports (US$ millions)

Mar-24
(US$ m)
Apr-24
(US$ m)
Mar -
Apr
Changes
(%)
Share of
Total
Imports
(%)
Apr 24
Total

Of Which:


Diesel

Leaded petrol

Maize

Motor vehicles
for transport of
goods of
payload>800kg
not exceeding

Rice

Crude soya
bean oil

Electricity

Lubricating
oils

Portland
cement

Butanes,
Liquefield

Others

Source: ZIMSTAT & RBZ Calculations, 2024

Source Markets
The country sourced most of its imports from
South Africa which accounted for about 41.7%
of total imports followed by China and
Bahamas at 15.7% and 8.7%, respectively.
Figure 8 shows the country’s top import
sources in April 2024.

Figure 8: Top Ten Merchandise Import
Sources (% Share)
Source: ZIMSTAT & RBZ Calculations, 2024

Merchandise Trade Balance
During the month of April 2024, Zimbabwe's
trade deficit stood at US$256.9 million, higher
than the US$184.3 million deficit recorded in
the previous month. Compared to the same
month in 2023, the country's trade deficit
expanded significantly, from US$152.4 million
to $256.9 million. Figure 9 shows the country’s
trade balance for April 2024.
Figure 9: Merchandise Trade Balance (US$
millions)

Source: ZIMSTAT & RBZ Computations, 2024

South Africa
China
Bahamas
Belgium
Zambia
Mozambique
Thailand
Singapore
Hong Kong
United...

Feb-24
Mar-24
Apr-24
Exports
Imports
Trade Balance

MONETARY DEVELOPMENTS1
In the month of April, the Reserve Bank
introduced ZiG which is anchored by a
composite basket of foreign currency and
precious metals (mainly gold) held as reserves.
The money stock comprised foreign currency
deposits, 82.18%, local currency deposits,
17.79%, and the local currency in circulation,
0.03% as shown in Figure 10.
Figure 10: Composition of Money Supply
Source: Reserve Bank of Zimbabwe, 2024
In the month under analysis, credit to the
private sector, increased by ZiG 8,193.68
million to ZiG 23,982.04 million largely
reflecting valuation changes owing to exchange
rate depreciation. Over the same period, net
claims on the Government increased by
ZiG3,737.49 million, to ZiG10,221.10 million.
Outstanding credit to the private sector was
mainly channeled to households, distribution,
manufacturing, and agriculture, which received
24.19%, 15.14%, 15.12%, and 14.16% of the
total credit, respectively. The mining sector
received 11.21% of the total outstanding credit,
respectively.


1 All monetary numbers are valued in ZiG since the
introduction of the new currency in April 2024.
Private sector credit shares for the rest of the
economic sectors are shown in Figure 11.
Private sector credit shares for the rest of the
economic sectors are shown in Figure 11.


Figure 11: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2024

Utilisation of credit to the private sector was
distributed as follows, recurrent expenditures,
39.02%; inventory build-up, 23.40%; and fixed
capital investments, 17.14%.


STOCK MARKET DEVELOPMENTS
Zimbabwe Stock Exchange (ZSE)
Following the Monetary Policy pronouncement
that introduced the Zimbabwe Gold (ZiG) as
the new currency, on 5th April 2024, the ZSE
rebased indices to 100.

As such, during the month of April 2024,
trading on the Zimbabwe Stock Exchange
NCDs,
0.01%
Local Currency
Time , 0.72%
FX Time
Deposits, 6.26%
Local Currency
Transferable ,
17.06%
FX
Transferable
Deposits,
75.92%
Currency in
Circulation,
0.03%
Households
23.97%
Agriculture
14.04%
Mining
11.11%
Manufactur
ing
14.99%
Distribution
15.00%
Transport and
Communication
3.76%
Services
8.68%
Financial
Organisations and
Investiments
6.63%
Construction
1.81%Other...

(ZSE) was bearish. Consequently, the All
Share, Top 10 and Top 15 indices declined by
1.18%, 3.08% and 1.94% to close at 98.82
points, 96.92 points and 98.06 points,
respectively.

The resource index increased by 14.07% to
close at 114.07 points during the month of April
2024.
Figure 12: ZSE All Share, Top 10 and
Mining Indices

Source: Zimbabwe Stock Exchange, 2024

During the month under review, cumulative
volume and value of shares traded declined by
59.59% and 54.70% to close the week at 22.30
million shares from 49.24 million shares
recorded in the previous month and ZiG 21.94
million from ZiG54.30, registered in the prior
month.

The proportion of foreign purchases to the
value of shares traded, improved to 130.74%
from 7.08% registered in March 2024.

Net foreign position, worsened from negative
ZiG0.10 million recorded in March 2024, to
negative ZiG125.84 million.

Figure 13: ZSE Monthly Volume and Value
Traded

Source: Zimbabwe Stock Exchange, 2024
Owing to the slowdown in trading activities,
market capitalization gained by 1.06% or
ZiG298.50 million, to close at ZiG28.57
billion.

On a year-on-year basis, ZSE capitalization
added 1,950.06% from ZiG31.39 billion
recorded in April 2023.

Victoria Falls Stock Exchange (VFEX)
During the month of April 2024, the Victoria
Falls Stock Exchange (VFEX) was bearish.
Consequently, the All-Share index lost 0.44%
to close at 100.62 points, compared to 101.06
points recorded in April 2024.

On an annual basis, the VFEX All Share index
increased by 16.16%, from 86.62 points
recorded in April 2023.


31-Mar-24
02-Apr-24
04-Apr-24
06-Apr-24
08-Apr-24
10-Apr-24
12-Apr-24
14-Apr-24
16-Apr-24
18-Apr-24
20-Apr-24
22-Apr-24
24-Apr-24
26-Apr-24
28-Apr-24
30-Apr-24
Mining Index
All Share Index
Top 10 Index

Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
VALUE TRADED ZIG MILLIONS
VOLUME TRADED (MILIONS)
Volume
Value

Figure 14: Victoria Falls Stock Exchange
(VFEX) All Share Index (ASI)

Source: Victoria Falls Stock Exchange, 2024

VFEX Market Capitalization
Owing to the negative trading on the VFEX,
market capitalization lost 0.43% to US$1,.215
billion, compared to US$1.22 billion recorded
in the previous month.

Figure 15: Victoria Falls Stock Exchange
(VFEX) Market Capitalization (US$ Billion)

Source: Victoria Falls Stock Exchange (VFEX), 2024

NATIONAL PAYMENTS SYSTEM
The value of transactions processed through the
National Payment Systems (NPS) stood at
ZiG66.93 trillion in April 2024. NPS volumes
decreased by 43% to 38.65 million from
68.31million recorded in March 2024.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

The value of transactions processed through the
Real Time Gross Settlement (RTGS) stood at
ZiG41.32 billion in April 2024.


The volume of RTGS transactions decreased by
16% from 941 thousand in the previous month
to close at 792 thousand during the month
under analysis.

Figure 16: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2024

Mobile and Internet Based Transactions
Mobile
and
internet-based
transactions
amounted to ZiG20.75 billion in April 2024.

Cash Transactions
Cash transactions amounted to ZiG9.28 billion
in April 2024.

30-Apr-23
31-May-23
30-Jun-23
31-Jul-23
31-Aug-23
30-Sep-23
31-Oct-23
30-Nov-23
31-Dec-23
31-Jan-24
29-Feb-24
31-Mar-24
30-Apr-24


1.2
1.4
1.6
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
US$ BILLIONS

1,000
1,200
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
Value in ZiG Millions
Volume in Thousands
Volume
Value

Card Based Transactions
Cash transactions amounted to ZiG4.86 billion
in the month under review.

INFLATION OUTTURN
Month-on-month
inflation
rate
for
ZiG
currency will be computed starting May 2024,
while year-on-year inflation rate will be
computed starting April 2025.

Annual Inflation (US$)
Annual Headline inflation rose to 3.20% in
April 2024, from 2.23% in March 2024. This
may be partially attributed to speculative
pricing in the market.

Figure 17: Annual Inflation Developments
(%)

Source: ZIMSTAT, 2024
Monthly Inflation
Similarly, month-on-month inflation surged to
0.75% in April 2024, from 0.17% in March
2024, as shown in Figure 18.


Figure 18: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2024


JUNE 2024
RESERVE BANK OF ZIMBABWE

Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
Apr-24

Apr-22
Jun-22
Aug-22
Oct-22
Dec-22
Feb-23
Apr-23
Jun-23
Aug-23
Oct-23
Dec-23
Feb-24
Apr-24

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
10. Exchange Rates

Zimbabwe Stock Exchange
11. Zimbabwe Stock Market Statistics

National Payments System Statistics


12.1 Values of Transactions

12.2 Volumes of Transactions

Trade Statistics


13. Merchandise Trade Statistics

TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($ '000)
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
*Apr-24
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 (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, 2024
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
* Statistics are denominated in ZiG (000)

Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
*April-24
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 Drawdowns

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 Money

Monetary Base

Bond Coins

Bond Notes

Zig Notes
1,240.55
Zig Coins
8,848.60
Liabilities to ODCs

Local Currency Reserve Deposits

Foreign Currency Reserve Deposits

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2024
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
*Satitistics are denominated in ZiG(000)
TABLE 2: CENTRAL BANK SURVEY ($'000)

Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
*Apr
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
-

-

-

-

-

-

-

-

-

-

-

-

-

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
3,572,801,781.15

7,206,537,527.79

14,244,682,762.54

12,975,158,042.76

13,382,795,891.99

15,691,777,986.61

16,730,519,506.06

17,590,333,042.62

18,838,163,125.87

29,182,930,103.98

40,568,677,127.34

59,114,397,682.94

38,621,441.08

Transferable Deposits
3,303,913,423.92

6,651,231,769.05

13,178,109,450.38

12,150,500,072.13

12,522,593,843.18

14,746,268,275.64

15,543,135,460.62

16,351,245,253.30

17,550,959,163.20

27,433,139,639.80

37,763,111,417.94

54,658,584,424.60

35,915,961.93

of which FCAs
2,144,912,895.57

5,273,965,984.48

11,634,530,484.57

10,099,327,960.39

10,172,409,984.27

12,309,119,479.36

12,388,978,422.26

12,751,597,340.40

13,391,882,427.59

22,891,974,397.20

32,954,377,682.43

47,588,241,673.51

29,421,560.87

Other Deposits (Time Deposits)

of which FCAs

Money Market Instruments
1,843,391.22

4,659,433.86

4,243,581.90

2,137,443.55

3,182,683.74

2,685,488.92

3,497,226.23

4,173,191.32

42,811,406.21

7,317,942.35

9,458,363.45

6,990,856.69

2,795.45

Source:Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG (000)
TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000

Foreign
TOTAL
End of
Notes
Bond
&
Balances
Balances with
Balances
Other Claims
Local
Other
Notes &
Coin
with
Other Depository
with
on
Government1
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
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


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


Source:Reserve Bank of Zimbabwe, 2024
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.
*Statistics are denominated in ZiG (Millions)
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

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

Source:Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG (Millions)
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
$ millions
Deposits
Amounts Owing to

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
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

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

Source:Reserve Bank of Zimbabwe,2024
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,
* Statistics are denominated in ZiG (Millions)
Debt Securities
Loans and Advances
TABLE 5.1: COMMERCIAL BANKS -ASSETS
$ millions

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

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

Source:Reserve Bank of Zimbabwe, 2024
*Statistics are denominated in ZiG (Millions)
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
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

3,504.3

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

4,021.5

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

4,413.6

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

3,054.1

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

8,326.7

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

8,464.3

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

9,914.6

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

14,422.1

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

14,998.2

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

14,768.7

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

22,456.9

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

23,012.7

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

Source:Reserve Bank of Zimbabwe,2024
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,
*Statistics are denominated in ZiG (millions)
TABLE 6.1: BUILDING SOCIETIES -ASSETS
$ millions
Debt Securities
Loans and Advances

Capital
Other
TOTAL
and
Liablities
End of
Savings
Time Deposits
Total Deposits
Other Depository
Government
Total
Debt Securities
Foreign Liabilities
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

Source:Reserve Bank of Zimbabwe,2024
*Statistics are denominated in ZiG (Millions)
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
$ millions
Amounts Owing to

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


INVESTMENTS
ORGANISATIONS

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

Aug

Sept

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

Source:Reserve Bank of Zimbabwe,2024
/1 Including the only merchant bank still in operation.
*Statistics are denominated in ZiG (000)
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

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

Source: Reserve Bank of Zimbabwe,2024
* Statistics are denominated in ZiG (000)
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('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

Source: Reserve Bank of Zimbabwe, 2024
TABLE 8.1: COMMERCIAL BANKS LENDING RATES (percent per annum)
* ZiG weighted lending rates
Individuals
Corporates
End of
Weighted Lending Rates

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

Source: Reserve Bank of Zimbabwe, 2024
* Deposit rates depict the range of rates qouted by banks.
* ZiG deposit rates
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

Source: Zimstat, 2024
* USD Inflation
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
TOTAL NON
FOOD
ALCOHOLIC
BEVERAGES &
TOBACCO
FURNITURE AND
EQUIPMENT
HEALTH
TRANSPORT
COMMUNICATION

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

Source: Zimstat, 2024
*USD Inflation
MISC.
GOODS &
SERVICES
TOTAL NON
FOOD
FOOD & NON
ALCOHOLIC
CEVERAGES
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
RECREATIO
N &
CULTURE
RESTAURANTS
& HOTELS

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*

Source: Reserve Bank of Zimbabwe, 2024
TABLE 10 : SELECTED INTERNATIONAL EXCHANGE RATES
*The Reserve Bank introduced a new currency ZiG on 5
& recalibrated exchange rates to ZiG
END OF
USA DOLLAR
SOUTH ARFICAN
RAND
BOTSWANA PULA
JAPANESE YEN
EURO
POUND STERLING

Market Capitalisation
All Share Index*
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

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

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

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

Source: Reserve Bank of Zimbabwe, 2024
*April statistics are in ZiG
TABLE 12.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZiG millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

*Apr

Source: Reserve Bank of Zimbabwe, 2024
*April statistics are in ZiG
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

Source: ZIMSTAT, 2024
TABLE 13 : MERCHANDISE TRADE STATISTICS
(US$ millions)