i


MARCH 2019

TABLE OF CONTENTS


February

March
Month-on-
Month
Change (%)
Yearly Inflation3 (%)
59.40
66.8
-
Monthly Inflation3 (%)
1.67
4.4
-
National Payment System Transactions2
(US$ millions)
15, 286.08
17, 554.08
14.8
Money Supply2 (US$ millions)
10, 389.30
10, 627.38
2.29
Money Supply (M3) Annual Growth2 (%)
37.94
38.14
-
Nominal Lending Rate2 (% per annum)
4.00-18.00
4.00-18.00
-
Merchandise Exports3 (US$ millions)
349.5
295.9
-15.3
Merchandise Imports3 (US$ millions)

329.0
-19.4
Trade Balance3 (US$ millions)
-58.5
-33.1
43.42
Z.S.E All share Index
148.11
121.66
-17.86
Z.S.E. Mining Index1
207.03
193.98
-6.30
Z.S.E. Industrial Index1
494.31
405.57
-17.95
Sources:
1. Zimbabwe Stock Exchange (ZSE)
2. Reserve Bank of Zimbabwe (RBZ)
3. Zimbabwe National Statistics Agency (ZIMSTAT)
SELECTED ECONOMIC INDICATORS

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

During the month of March 2019, the
international commodity prices of platinum,
copper, nickel and brent crude oil firmed. Gold
prices, however, declined.

Precious Metals
Monthly average gold prices retreated by 1.1%,
to an average of US$1,301.59/oz. in March
2019. This was against a backdrop of a stronger
US dollar, which weakened the demand for the
yellow metal as a safe haven asset. A higher
effective US Fed Res funds rate, also weighed
down the price of gold, during the month under
review. Platinum prices, however, rose by 3.7%
to US$843.07/oz. in March 2019.

Figure. 1: Precious metal prices (US$/oz.)
Source: Bloomberg, 2019

Base Metals
Prices of base metals continued to register
positive trends, as the market reacted positively
to reports that the US had postponed a planned
tariff increase on Chinese goods. An expected
fiscal stimulus in China, coupled with improved
global market sentiment also spurred base metal
prices.

Resultantly, copper and nickel increased by
2.3% and 2.8%, to close the month under review
at US$6,434.02/tonne and US$13,019.04/tonne,
respectively.

Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2019


Brent Crude Oil
Average monthly prices of crude oil increased
by 3.5%, to close the month of March 2019 at
US$66.59/barrel. This followed tight global
supply conditions mainly driven by production
cuts by the Oil and Petroleum Exporting
Countries. Prices also increased on account of a
further reduction in US shale oil production.

Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
US$/oz.
Gold
Platinum

Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Figure 3: International crude oil prices
(US$/barrel)
Source: Bloomberg, 2019
MERCHANDISE TRADE
DEVELOPMENTS

Total merchandise trade for March 2019
amounted to US$894.6 million, a 17.5% decline
from US$921.3 million recorded in the
preceeding
month.
The
drop
in
total
merchandise trade was on account of a
slowdown in both merchandise exports and
imports.
Merchandise Exports
Merchandise exports registered a 15.3%
decline, to close the month under review at
US$295.9 million. This was on the back of
decreases in exports of nickel mattes; tobacco;
diamonds and cane sugar. Gold; nickel ores and
concentrates; ferro-chromium; chromium ores
and concentrates;
and platinum exports,
however, increased, during the period under
review.

1 Unwrought platinum excludes other platinum group of
metals (PGMs).
Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2019

Table 1 shows the major export commodities for
the months of February 2019 and March 2019.


Table 1: Exports Classified by Harmonised
Commodity Description and Code
System
Commodity
Feb-19
Mar-19
Share
of
Total
Exports
US$m
US$m
(%)
Gold
82.8
84.3
28.5
Nickel mattes
52.2
45.4
15.4
Flue-cured tobacco
83.8
21.7
7.3
Nickel ores and concentrates

43.4
14.7
Ferro-chromium
14.9
23.2
7.8
Industrial diamonds
11.5
10.5
3.5
Cane Sugar
11.3
6.5
2.2
Chromium ores and concentrates
3.6
4.2
1.4
Unwrought Platinum1
3.5
4.5
1.5
Other
51.8
52.3
17.7
Total
349.5
295.9

Source: ZIMSTAT, 2019 & RBZ Calculations, 2019

US$/barrel

Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19

The country’s merchandise exports were mainly
destined for South Africa (44.4%); the United
Arab Emirates (23.1%); Mozambique (7.8%);
Belgium (2.5%); and Zambia (2%), as shown in
Figure 5.
Figure 5: Top Five Merchandise Export
Destinations (%Share)
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019
Merchandise Imports
Merchandise imports declined by 19.4%, from
US$408 million in February 2019 to US$329
million in March 2019. In terms of proportions,
diesel accounted for 21.2%; unleaded petrol
10%; vaccines, 1.6%; and tractors, 1.3% of total
imports. The reduction in imports reflected the
impact
of
import
demand
management
measures being implemented by government,
coupled with foreign currency constraints.
Table 2 shows the country’s major import
commodities for February 2019 and March
2019.


Table 2: Imports Classified by Harmonised
Commodity Description and Code
System
Commodity
February
US$m
March
US$m
Share of
Total
Exports
(%)
Diesel
75.3
69.6
21.2
Unleaded petrol
35.8

Vaccines
1.1
5.3
1.6
Tractors
8.9
4.2
1.3
Insecticides
1.8
3.6
1.1
Motor vehicles
5.3
3.5
1.1
Electrical energy
3.2
3.5
1.1
Crude soya bean oil
5.8
3.5
1.1
Machinery
1.4
2.6
0.8
Other

60.8
Total

Source: ZIMSTAT, 2019 & RBZ Calculations, 2019
The country’s imports were mainly sourced
from South Africa, 39.3%; Singapore, 30.2%;
China, 7%; United Kingdom, 2.9%; and India,
1.9%, as shown in Figure 6.
Figure 6: Top Five Merchandise Import
Sources (% Share).
Source: ZIMSTAT, 2019 & RBZ Calculations, 2019


South Africa
United Arab Emirates
Mozambique
Belgium
Zambia

South Africa
Singapore
China
United
Kingdom
India

Merchandise Trade Balance
The country’s merchandise trade deficit
narrowed from US$55.5 million in February
2019, to US$33.1 million in March 2019.
Figure 7: Merchandise Trade Balance
(US$m)
Source: ZIMSTAT, 2019 & RBZ Computations, 2019
MONETARY DEVELOPMENTS2

Broad money supply3 recorded an annual
growth of 38.14% in March 2019, from 37.94%
recorded in February 2019. The growth was
reflected in demand deposits, which grew by
49.52%; currency in circulation, 37.09%;
negotiable certificates of deposits, 3.63%; and
time deposits, 3.62%.


2 All monetary numbers valued in RTGS$ since the
adoption of an interbank market determined exchange rate
in February 2019.

In levels, annual broad money supply increased
from $7 693.30 million in March 2018, to $10
627.38 million in March 2019.

Month-on-month,
broad
money
supply
increased by 2.29%, from $10 389.30 million in
in February 2019 to $10 627.38 million in
March 2019, largely due to the growth in
transferable deposits.

Figure 8: Broad Money in Levels and
Growth Rates
Source: Reserve Bank of Zimbabwe, 2019
During the month under review, demand
deposits accounted for 81.38% of broad money;
time deposits, 13.52%; currency in circulation,
4.39%; and negotiable certificates of deposits,
0.71%.


3 From November 2017, broad money adjusted by a
reclassification of lines of credit that were incorrectly
classified as deposits included in broad money. This
reduced the stock of money and at the same time reducing
the net foreign assets of other depository corporations.

Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Exports
Imports
Trade Balance

-

Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
%
$ Billions
M3
M3 Annual Growth rate

Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2019
Credit to the private sector recorded an annual
growth of 6.92% to $3 952.66 million in March
2019. Month-on-month, credit to the private
sector declined by 2.62%, from $4 058.93
million in February 2019 to $3 953 million in
March 2019.
Private sector credit was distributed as follows:
households, 25.75%; agriculture, 18.94%;
services,
14.35%;
distribution,
13.35%;
manufacturing, 9.52%; financial organisations
and investments, 7.74%; mining, 4.74%;
construction,
3.09%;
and
transport
and
communications, 2.17%.


Figure 10: Distribution of Private Sector
Credit
Source: Reserve Bank of Zimbabwe, 2019

STOCK MARKET DEVELOPMENTS

Negative trading activity was registered on the
Zimbabwe Stock Exchange, during the month of
March 2019. Consequently, the All Share and
Top 10 indices recorded declines of 17.86% and
21.12%, respectively. The counters closed at
121.66 points for the All Share index and 114.61
points for the Top 10 index.


Demand
deposits
81.38%
Time
Deposits
13.52%
Currency in
Circulation
4.39%
Negotiable
Certificates of
Deposits
0.71%
Construction
3%
Transport and
Communication
2%
Mining
5%
Fin
Organ &
Invest
8%
Distrubution
13%
Services
14%
Manufacturing
10%
Agriculture
19%
Households
26%
Other
0%

Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2019
The industrial index stood at 405.57 points in
March 2019, representing a 22.88% decline
from 525.90 points recorded in the previous
month. Similarly, the mining index declined
from 213.13 points in February 2019, to close
the month under review at 193.98 points.

Figure 12: Zimbabwe Stock Exchange
Indices
Source: Zimbabwe Stock Exchange, 2019
The volume of shares traded on the ZSE
declined by 46.33%, to close the month of
March

at
123.40
million
shares.
Concommitantly, the value of shares traded
decreased by 76.07%, from $295.84 million in
February 2019 to $70.81 million in March 2019.

Figure 13: ZSE Monthly Volumes and
Values Traded
Source: Zimbabwe Stock Exchange, 2019
ZSE market capitalisation stood at $16.08
billion in March 2019, down from $19.77 billion
recorded in February 2019. This was largely
driven by negative trading on the local bourse.
INFLATION OUTTURN

Annual Inflation

Annual headline inflation rose from 59.40% in
February 2019, to 66.8% in March 2019. This
was largely attributable to increases in both food
and non-food prices.
Annual food inflation surged from 69.84% in
February 2019, to 78.55% in March 2019.
Similarly, annual non-food inflation accelerated
from 54.35% in February 2019, to 61.2% in
March 2019.

31-Mar-18
30-Apr-18
31-May-18
30-Jun-18
31-Jul-18
31-Aug-18
30-Sep-18
31-Oct-18
30-Nov-18
31-Dec-18
31-Jan-19
28-Feb-19
31-Mar-19
Top 10 Index
All Share Index
All Share Index
Top 10 Index

Mining Index Points
Industrial Inedx Points
Industrial
Mining

1,000
1,100
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Values Traded ($ millions)
Volumes Traded (milions)
Volume
Turnover

Figure 14: Annual Inflation (%)

Source: ZIMSTAT, 2019

Monthly Inflation

Month-to-month inflation increased from 1.67%
in February 2019 to 4.38% in March 2019,
driven by both food and non-food inflation.
Monthly food inflation rose by 1.5 percentage
points to 5.1% in March 2019, largely due to
increases in vegetable prices. Non-food inflation
registered a month-on month growth of 4.05%,
from 0.70% in February 2019. The surged in
monthly non-food inflation was largely on
account of increases in alcoholic beverages and
tobacco and transport. Other sub-categories that
contributed to the increase in monthly non-food
inflation were education; restaurants and hotels;
and furniture, household equipment and
maintenance. The increases were, however,
partially offset by marginal declines in housing,
water, electricity, gas and other fuels, health and
clothing and footwear.

Figure 15: Month-on-Month Inflation (%)
Source: ZIMSTAT, 2019

NATIONAL PAYMENTS SYSTEM


The total value of transactions processed
through the National Payment System (NPS)
increased by 14.8%, from $15.3 billion in
February 2019 to $17.6 billion in March 2019.
NPS transaction volumes also increased by
17.6% to 175.91 million in March 2019, from
149.62 million in February 2019.

Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The value of transactions processed through the
RTGS system increased by 18.5% to $9.88
billion, during the month under review.
Transaction volumes registered a 15.2%
increase, from 456 537 in February 2019 to
525 909 in March 2019.


Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Food Inflation
Non-Food Inflation
All Items

Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19

Figure 16: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2019

Cash transactions

The value of cash based transactions stood at
$481.69 million in March 2019, a 46.7% surge
from $328.46 million recorded in February
2019.


Mobile and Internet Based Transactions
The total value of mobile and internet based
transactions closed the month of March 2019 at
$5.33 billion, up from $4.69 billion in February
2019.

Card Based Transactions
Card based transactions stood at $1.39 billion in
March 2019, up from $1.33 billion recorded in
February 2019.


Cheque Transactions
Cheque transactions decreased to $3.9 million in
March 2019, from $4.04 million in February
2019.

JUNE 2019
RESERVE BANK OF ZIMBABWE


Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Value in $ Billions
Volume in Thousands
Volume
Value

Statistical Tables

Monetary Statistics
1. Depository Corporations Survey

2. Central Bank Survey

3. Other Depository Corporations Survey

Other Depository Corporations

4.1 Assets

4.2 Liabilities

Commercial Banks
5.1 Assets

5.2 Liabilities

Building Societies
6.1 Assets

6.2 Liabilities

Sectoral Analysis of Bank Loans and Advances and Deposits

7.1 Sectoral Analysis of Commercial Banks Loans and Advances

7.2 Sectoral Analysis of Commercial Banks Deposits

Interest Rates

8.1 Lending Rates

8.2 Banks Deposit Rates

Inflation

9.1 Monthly Inflation

9.2 Yearly Inflation

External Statistics

10. Total External Debt Outstanding by Debtor

11. Exchange Rates

12. Zimbabwe Stock Market Statistics

13. National Payments System Statistics


13.1 Values of Transactions

13.2 Volumes of Transactions

14. Merchandise Trade Statistics

Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Net Foreign Assets

Central Bank(net)

Foreign Assets

Foreign Liabilities

Other Depository Corporations(net)

Foreign Assets

Foreign Liabilities

Net Domestic Assets (NDA)

Domestic Claims

Claims on Central Government(net)

Claims on Central Government

Central Bank

ODCs

Less Liabilities to Central Government

Central Bank

ODCs

Claims on Other Sectors

Other Financial Corporations

State and Local Government

Public Non Financial Corporations

Private Sector

Central Bank

ODCs

Other Items(Net)

Shares and Other Equity

Liabilities to Other Financial Corporations

Restricted Deposits

Deposits and Securities Excluded from Base Money

Other Items(net)

Broad Money-M3

Securities Other than Shares Included in Broad Money

Broad Money-M2

Other Deposits

Narrow Money-M1

Transferable Deposits

Currency Outside Depository Corporations

Source: Reserve Bank of Zimbabwe,2019
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
TABLE 1: DEPOSITORY CORPORATIONS SURVEY (ZWL$ '000)

Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Net Foreign Assets

Claims on Non Residents

Official Reserves Assets

Other Foreign Assets

Less Liabilities to Non Residents

Short Term Liabilities

Other Foreign Liabilities

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

Legacy Debt

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 Incl. foreign currency clearing balances
Monetary Base

Bond Coins

Bond Notes

Liabilities to ODCs

Reserve Deposits

Other

Private Deposits

Source: Reserve Bank of Zimbabwe,2019
TABLE 2: CENTRAL BANK SURVEY (ZWL$'000)

Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
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)
7,472,096.38

7,624,121.15

8,098,814.54

8,741,831.36

9,132,705.19


Domestic Claims
6,266,910.56

6,437,720.58

6,745,532.52

6,989,263.27

7,168,985.87


Net Claims on Central Government
2,339,300.34

2,476,778.04

2,715,985.15

2,783,534.43

3,262,756.31


Claims on Central Government
2,453,993.46

2,572,350.40

2,823,354.57

2,872,745.05

3,295,887.08


Securities
2,434,830.12

2,558,912.76

2,814,916.90

2,865,309.79

3,291,375.03


Loans
19,163.34

13,437.64

8,437.68

7,435.26

4,512.05


Other
-

-

-

-

-

-

-

-

-

-

-

-

-

Less Liabilities to Central Government
114,693.11

95,572.36

107,369.43

89,210.62

33,130.77


Of which: Deposits
114,693.11

95,572.36

107,369.43

89,210.62

33,130.77


Other

Claims on Other Sectors
3,927,610.21

3,960,942.53

4,029,547.37

4,205,728.83

3,906,229.56


Other Financial Corporations
47,078.39

47,272.71

36,981.14

42,406.27

43,993.11


State and Local Government
48,750.40

52,851.54

51,746.27

49,509.94

54,356.85


Public Non Financial Corporations
150,967.31

145,902.98

159,350.37

222,545.56

181,987.35


Private Sector
3,680,814.12

3,714,915.30

3,781,469.60

3,891,267.06

3,625,892.25


Claims on the Central Bank
2,474,448.22

2,438,430.82

2,557,149.58

3,089,939.84

3,471,170.30


Currency
16,707.478

14,888.726

14,154.729

8,986.260

20,609.732


Other Claims including Reserves
2,457,740.74

2,423,542.10

2,542,994.86

3,080,953.58

3,450,560.57


Liabilities to the Central Bank
140,468.21

82,369.89

101,470.93

119,810.71

118,944.97


Other Items(Net)
1,128,794.20

1,169,660.36

1,102,396.63

1,217,561.04

1,388,506.01


Shares and Other Equity
1,555,909.88

1,542,636.03

1,574,043.84

1,632,378.01

1,758,871.23


Liabilities to other ressident sectors
6,906.82

16,085.12

19,885.58

21,559.36

32,602.91


Other Items(Net)
(434,022.51)

(389,060.79)

(491,532.80)

(436,376.33)

(402,968.13)


Deposits and Securities Included in Broad Mone
7,308,552.27

7,432,774.94

7,841,481.27

8,451,064.87

8,908,463.53


Deposits Included in Broad Money
7,231,240.46

7,348,810.03

7,753,466.00

8,384,220.79

8,818,964.20

8,892,333.01

9,192,282.61

9,163,326.94

9,179,384.09

9,432,073.48

9,249,189.49

9,796,911.59

9,999,066.93

Transferable Deposits


7,782,391.98

8,323,687.16

8,562,013.77

of which FCAs
149,041.84
139,613.34
343,305.00

418,087.02

1,190,521.05

1,417,836.22

Other Deposits
1,490,952.43

1,374,640.48

1,442,460.95

1,459,140.37

1,501,520.77

1,524,244.03

1,488,981.24

1,427,834.38

1,430,427.17
1,508,902.47

1,466,797.51
1,473,224.43
1,437,053.15
Money Market Instruments
77,311.81

83,964.91

88,015.27

66,844.08

89,499.33

66,484.46

52,419.97

61,703.77

50,864.73

58,584.04

59,302.10

71,792.12

74,503.10

Source:Reserve Bank of Zimbabwe,2019
TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( ZWL$ '000)

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

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

Mar
12.6

66.4

1,485.9

260.5

154.9


Apr
10.7

67.8

1,495.2

249.4

219.3


May
13.4

56.9

1,492.4

272.5

170.2


Jun
7.4

57.1

1,674.9

350.3

92.1


Jul
7.1

45.2

1,807.4

302.3

63.1


Aug
12.3

40.6

2,061.9

276.6

165.3


Sep
12.0

38.1

2,110.4

226.8

179.7


Oct
8.7

41.8

2,139.3

254.1

190.8


Nov
9.8

46.1

2,315.5

289.8

184.2


Dec
12.6

58.1

2,592.0

276.0

213.4


Jan
23.4

66.9

2,528.5

291.2

111.9


Feb
20.0

46.8

2,516.8

347.6

114.2


Mar
16.7

57.9

2,457.7

312.8

139.2


Apr
14.9

61.9

2,423.5

337.0

120.8


May
14.2

71.7

2,543.0

477.8

138.6


Jun
9.0

58.5

3,081.0

509.8

120.0


Jul
20.6

61.9

3,450.6

466.4

111.6


Aug
23.1

72.3

3,475.7

377.8

105.3


Sep
18.2

61.5

3,781.6

398.1

159.1


Oct
39.9

70.4

3,771.3

368.3

185.5


Nov
30.6

84.6

3,696.3

300.6

209.8


Dec
20.5

94.5

3,949.5

439.6

235.5


Jan
49.0

113.4

3,901.0

401.9

261.6


Feb
59.7

256.8

3,764.8

357.1

570.4


Mar
62.5

263.2

3,891.0

432.9

739.3


Source:Reserve Bank of Zimbabwe,2019
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations.
Public
Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
ZWL$ 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

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

Source:Reserve Bank of Zimbabwe,2019
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
ZWL$ millions

TOTAL
End of
Foreign
Bond
Notes
Balances
Balances with
Balances
Other Claims
Local
Public
Other
Contigent
Non Financial
Notes &
&
with
Other Depository
with
on
Government

Local Governemt
Public Enterprises
Other

Government
Government
Enterprises
Institutional Units

Other claims
Assets
Other Assets
Assets
Coins
Coin
RBZ
Corporations
Foreign Banks
Non-residents
Securities
securities

Jan
17.7

103.8

1,322.4

81.9

128.2

27.0

1,485.0

-

15.4

3.6

15.9

15.1

68.6

2,467.7

53.9

395.7

251.9

479.3

6,933.1

Feb
16.3

89.4

1,396.1

96.1

137.3

48.6

1,502.5

-

15.5

3.2

15.0

14.9

68.2

2,238.9

239.7

398.5

266.0

480.1

7,026.4

Mar
10.7

63.3

1,421.4

83.2

150.7

53.5

1,578.7

-

15.7

3.8

15.7

15.7

69.9

2,554.3

23.7

422.4

314.5

484.0

7,281.0

Apr
9.8

64.1

1,383.4

75.9

209.0

51.4

1,744.4

-

15.8

3.6

15.8

16.9

74.0

2,493.3

26.4

489.1

263.7

492.6

7,429.3

May
12.4

52.6

1,376.3

119.9

159.1

75.3

1,739.8

-

15.7

33.6

16.7

16.3

72.4

2,528.3

28.4

486.1

290.7

492.0

7,515.6

Jun
7.0

53.3

1,578.5

141.4

82.2

110.6

1,786.8

-

16.0

35.0

47.9

16.5

82.2

2,583.5

23.9

533.5

273.6

497.3

7,869.2

Jul
6.7

40.9

1,684.5

137.6

53.7

103.6

1,752.4

-

26.1

34.4

45.2

16.9

116.3

2,495.4

24.2

513.6

295.5

482.1

7,829.0

Aug
11.8

37.1

1,882.4

124.3

161.2

7.9

1,856.2

-

26.3

64.6

41.3

18.0

145.0

2,538.1

23.8

531.8

272.6

485.7

8,228.1

Sep
11.4

35.8

1,961.8

109.6

172.7

31.3

1,998.0

-

23.5

65.0

41.5

15.6

118.2

2,585.7

28.3

472.8

281.3

487.7

8,440.0

Oct
8.1

40.5

1,961.8

143.7

175.7

61.0

2,106.6

-

24.4

65.1

34.8

17.8

99.1

2,607.0

29.4

432.4

287.8

508.9

8,604.1

Nov
9.0

45.1

2,126.7

161.1

174.7

74.3

2,230.4

-

23.5

65.4

32.3

19.6

106.9

2,618.1

26.4

417.7

324.2

511.4

8,966.9

Dec
11.4

55.3

2,373.9

141.5

203.5

66.6

2,128.7

-

23.5

66.3

29.4

19.4

145.0

2,579.8

40.0

508.3

324.5

536.4

9,253.6

Jan
22.4

64.1

2,294.5

192.1

103.4

81.9

2,143.2

-

23.5

65.9

26.3

20.6

154.8

2,451.1

28.7

501.0

294.2

538.9

9,006.6

Feb
18.3

44.0

2,296.8

223.7

108.3

96.2

2,109.3

-

23.5

66.1

24.3

21.1

145.0

2,461.5

28.7

507.8

290.6

536.3

9,001.5

Mar
14.8

53.6

2,238.8

240.7

124.5

99.5

2,164.0

-

23.5

66.7

19.2

15.9

127.1

2,535.8

30.4

504.1

325.8

552.3

9,136.6

Apr
13.5

56.7

2,207.9

275.0

116.7

78.5

2,314.9

-

24.7

67.0

13.4

20.9

120.8

2,519.8

28.3

532.0

299.0

554.9

9,244.0

May
12.9

62.8

2,309.0

339.5

130.1

85.7

2,562.4

-

25.0

66.9

8.4

20.9

134.0

2,556.2

23.9

458.9

307.9

555.3

9,659.8

June
7.5

52.6

2,848.5

331.8

117.3

84.1

2,538.3

-

26.2

66.5

7.4

19.4

196.0

2,662.2

25.5

551.4

302.9

563.4

10,401.0

July
17.9

54.3

3,189.6

281.1

109.3

95.4

2,949.2

-

-

67.5

4.5

21.0

182.0

2,414.6

26.0

611.4

322.5

565.1

10,911.4

Aug
21.0

67.8

3,196.7

232.3

102.5

66.3

3,014.9

-

-

67.3

7.1

20.6

186.7

2,491.0

29.8

647.7

329.4

566.3

11,047.4

Sep
16.3

58.2

3,487.9

305.3

137.8

78.0

2,789.8

-

45.2

68.1

5.4

20.4

212.2

2,577.1

36.7

637.4

357.4

571.8

11,405.0

Oct
33.1

68.0

3,505.8

272.1

173.1

51.4

2,728.8

-

45.2

68.4

4.6

9.4

188.8

2,697.4

38.7

647.5

353.2

569.2

11,454.9

Nov
25.8

81.4

3,384.4

264.6

198.2

63.9

2,793.9

-

45.2

68.7

7.0

8.1

217.7

2,672.3

46.1

633.2

406.6

569.8

11,486.9

Dec
18.2

89.9

3,737.0

317.3

224.4

74.8

2,633.7

-

43.4

69.2

6.2

9.2

204.3

2,707.6

53.7

573.8

406.2

633.9

11,802.7

Jan
42.05

106.91

3,766.70

338.09

249.77

46.14

2,621.20

-

61.02

68.66

4.41

8.06

189.15

2,594.53

33.84

517.24

428.82

649.94

11,726.5

Feb
52.63

238.67

3,601.94

293.36

549.59

205.65

2,675.29

-

60.52

2.00

5.84

7.71

208.31

2,784.17

31.04

490.74

472.78

696.82

12,377.1

Mar
59.17

244.62

3,729.81

393.22

712.08

55.05

2,635.68

-

61.52

4.53

4.27

9.53

340.66

2,660.90

25.33

523.72

755.57

971.53

13,187.2

Source:Reserve Bank of Zimbabwe,2019
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations,
TABLE 5.1: COMMERCIAL BANKS -ASSETS
ZWL$ millions
Debt Securities
Loans and Advances

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Source:Reserve Bank of Zimbabwe,2019
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
2.4

7.0

109.6

157.7

4.3

-

123.7

20.8

-

-

389.1

-

406.1

106.3

124.4

1,451.4

Feb
1.2

7.3

69.3

155.6

7.4

-

162.0

20.1

-

-

394.4

-

410.1

109.0

124.2

1,460.4

Mar
1.6

3.1

35.5

177.2

4.0

-

164.2

18.7

-

-

404.4

-

413.0

102.8

124.2

1,448.6

Apr
0.7

3.6

73.4

173.3

9.8

-

158.6

17.8

-

-

392.5

-

432.3

109.7

125.1

1,496.8

May
0.9

3.9

81.5

152.3

10.8

-

168.2

20.3

-

-

394.4

-

451.1

105.9

126.1

1,515.4

Jun
0.3

3.7

65.9

208.8

9.8

-

165.3

19.0

-

-

387.6

-

452.9

109.6

126.0

1,548.8

Jul
0.4

3.9

105.8

164.6

9.2

-

168.4

17.2

-

-

391.9

-

451.9

110.9

127.3

1,551.5

Aug
0.4

3.1

142.8

152.0

3.9

-

186.7

16.3

-

-

409.3

-

465.5

104.7

127.2

1,611.9

Sep
0.6

1.8

108.4

117.0

6.7

-

193.0

16.1

-

-

412.7

-

475.2

113.4

130.1

1,574.8

Oct
0.6

1.1

145.7

110.0

14.8

-

193.9

15.4

-

-

420.7

-

493.6

149.9

130.4

1,676.0

Nov
0.7

0.9

138.8

128.4

8.7

-

193.6

18.8

-

-

420.9

-

489.0

160.4

133.0

1,693.3

Dec
1.0

2.6

170.6

134.3

9.1

-

195.1

26.8

-

-

402.3

-

516.8

163.2

135.5

1,757.3

Jan
0.9

2.3

197.4

98.7

7.8

-

129.8

34.5

-

-

413.2

-

508.7

144.9

136.1

1,674.3

Feb
1.5

1.8

172.4

123.5

5.5

-

141.3

33.5

-

-

414.8

-

507.9

125.7

135.7

1,663.6

Mar
1.4

3.4

175.9

72.1

14.1

-

212.6

32.8

-

-

411.4

-

539.4

142.8

132.3

1,738.2

Apr
1.1

4.3

185.5

61.9

3.6

-

184.4

32.0

-

-

413.3

-

582.7

141.6

135.2

1,745.7

May
1.0

7.6

196.3

138.2

8.1

-

191.0

30.9

-

-

415.0

-

608.4

128.1

137.4

1,862.0

June
1.2

4.9

188.6

177.8

1.9

-

266.2

30.1

-

-

413.9

-

614.3

124.0

141.5

1,964.5

July
1.8

6.6

207.1

185.1

1.7

-

283.2

33.3

-

-

423.5

-

636.1

128.2

141.1

2,047.7

Aug
1.6

3.7

224.7

145.3

2.4

-

288.9

32.2

-

-

428.2

-

579.4

139.1

143.7

1,989.2

Sep
1.9

2.9

245.6

92.6

20.8

-

291.1

31.2

-

-

430.3

-

650.2

148.1

144.4

2,059.1

Oct
4.9

2.1

220.0

95.8

11.9

-

318.9

30.2

-

-

427.7

-

639.8

154.2

147.0

2,052.5

Nov
3.6

2.9

243.3

35.7

10.4

-

320.7

28.9

-

-

433.5

-

635.7

148.0

145.8

2,008.5

Dec
2.3

4.3

157.4

121.3

10.4

-

339.4

28.0

-

-

444.8

-

645.9

179.7

151.9

2,085.6

Jan
6.3

4.6
108.2

63.5
10.9

-

343.8

27.3
33.6

-

438.0

-

649.3

136.7
151.2

1,973.3

Feb
5.4

17.6
120.6

62.8
18.1

-

339.6

26.5
-

-

416.1

-

696.1

171.1
156.7

2,030.8

Mar
2.6

18.0
126.3

38.6
23.9

-

331.7

25.5
-

-

415.1

-

710.1

172.1
207.4

2,071.2

Source:Reserve Bank of Zimbabwe,2019
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households, other financial corporations,
TABLE 6.1: BUILDING SOCIETIES -ASSETS
ZWL$ millions
Debt Securities
Loans and Advances

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

June

July

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Source:Reserve Bank of Zimbabwe,2019
Amounts Owing to
TABLE 6.2: BUILDING SOCIETIES -LIABILITIES
ZWL$ millions

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

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Source:Reserve Bank of Zimbabwe,2019
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1
ZWL$ ('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

Source: Reserve Bank of Zimbabwe,2019
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
ZWL$ ('000)

End of
Nominal Lending
Rates 1
Individuals
Corporate

Jan
4.00-18.00
10.61
6.68
Feb
4.00-18.00
10.06
6.52
Mar
4.00-18.00
9.12
7.02
Apr
4.00-18.00
9.25
7.02
May
4.00-18.00
9.17
7.03
Jun
4.00-18.00
9.01
7.05
Jul
4.00-18.00
8.94
7.05
Aug
4.00-18.00
8.88
6.95
Sep
4.45-18.00
8.86
7.01
Oct
4.45-18.00
9.66
7.06
Nov
4.45-18.00
9.66
7.03
Dec
4.45-18.00
9.39
7.00

Jan
4.45-18.00
9.33
6.99
Feb
4.45-18.00
9.57
6.93
Mar
4.45-18.00
9.64
6.98
Apr
4.00-18.00
9.32
7.08
May
4.00-18.00
9.28
7.09
Jun
4.00-18.00
9.32
7.14
Jul
4.00-18.00
9.75
6.97
Aug
4.00-18.00
9.87
7.10
Sep
4.00-18.00
9.56
7.11
Oct
4.00-18.00
9.47
7.38
Nov
4.00-18.00
9.49
7.38
Dec
4.00-18.00
9.48
7.39

Jan
4.00-18.00
9.47
7.40
Feb
4.00-18.00
9.23
7.30
Mar
4.00-18.00
9.23
7.31
Source:Reserve Bank of Zimbabwe, 2019
Notes
TABLE 8.1: LENDING RATES (percent per annum)
1. Nominal lending rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Lending Rates

END OF
SAVINGS
3 MONTHS

Jan
0.50-6.00
1.00-17.00
Feb
0.50-6.00
1.00-17.00
Mar
0.50-6.00
1.00-17.00
Apr
0.50-6.00
1.00-17.00
May
0.50-6.00
1.00-9.50**
Jun
0.50-6.00
1.00-12.00
Jul
0.50-6.00
1.00-12.00
Aug
0.50-6.00
1.00-12.00
Sep
0.50-12.00
0.75-8.00
Oct
0.50-12.00
0.75-8.00
Nov
0.50-12.00
0.75-8.00
Dec
0.50-12.00
0.75-8.00

Jan
0.22-12.00
0.75-8.00
Feb
0.22-12.00
0.75-8.00
Mar
0.22-12.00
0.75-8.00
Apr
0.22-12.00
0.75-8.00
May
0.22-12.00
0.75-8.00
Jun
0.22-12.00
0.75-8.00
Jul
0.22-12.00
0.75-8.00
Aug
0.22-12.00
0.75-8.00
Sep
0.22-12.00
0.75-8.00
Oct
0.22-12.00
0.75-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-6.75

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-6.75
Mar
0.22-12.00
1.00-8.00
Source:Reserve Bank of Zimbabwe, 2019
* Deposit rates depict the range of rates qouted by banks.
**Banks have adjusted their costs of holding deposits following the call by the RBZ to reduce lending rates.
TABLE 8.2 : BANK DEPOSIT RATES (percent per annum)
COMMERCIAL BANKS

ALCOHOLIC
BEVERAGES
CLOTHING
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT COMMUNICATION RECREATION
&
EDUCATION RESTAURANTS
&
MISC.
TOTAL NON
& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
CULTURE
HOTELS
GOODS &
FOOD
& OTHER
EQUIPMENT
SERVICES
FUELS
WEIGHTS


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

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

F OOD
IN F LA TION
A LC OHOLIC
C LOTHIN G
HOUS IN G,
WA TER ,
F UR N ITUR E
M IS C .
F OOD &
B EVER A GES
&
ELEC TR IC TY,
GA S
A N D
R EC R EA TION
&
R ES TA UR A N TS
&
GOOD S &
TOTA L N ON
N ON
A LC OHOLIC
A LL
& TOB A C C O
F OOTWEA R
& OTHER
EQUIP M EN T
C ULTUR E
HOTELS
S ER VIC ES
F OOD
B EVER A GES
ITEM S
F UELS
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

Source:Zimstat, 2019
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
C OM M UN IC A TION
TR A N S P OR T
HEA LTH
ED UC A TION
N ON -F OOD IN F LA TION

End Period

Long-Term External Debt

Government

Bilateral Creditors

Multilateral Creditors

Private Creditors

Public Enterprises


Bilateral Creditors

1,155

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private


Short-Term External Debt
1,348
2,040
1,286


Supplier's Credits

Reserve Bank

1,300

1,374
Private


Total External Debt

Source: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2019
TABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

SOUTH ARFICAN
BOTSWANA
JAPANESE
EURO/2
POUND
END OF
RAND/1
PULA/1
YEN/1
STERLING/2

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

TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES

Market Capitalisation
END OF
All Share*
ZWL$ millions

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

Source:Zimbabwe Stock Exchange ,2019
*All Share index was introduced in January 2018
TABLE 12: ZIMBABWE STOCK MARKET STATISTICS
Industrial
Market Turnover
ZWL$ million
Volume of Shares
Mining
Indices

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE

INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Source:Reserve Bank of Zimbabwe, 2019
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan
350.0
26.7
12,756.3 1,173.6 27,550.1 191.0
Feb
326.3
27.8
8,952.0 953.5 26,820.1 207.0
Mar
414.2
31.0
11,124.0 922.2 35,604.1 244.1
Apr
363.7
21.6
13,595.5 652.9 40,089.0 231.0
May
531.8
27.8
16,623.4 820.6 47,019.1 323.3
Jun
525.0
29.3
17,466.2 696.9 53,738.1 342.1
Jul
521.8
30.0
20,013.7 636.1 61,162.4 382.6
Aug
541.5
26.6
20,303.0 595.6 70,771.6 419.1
Sep
620.0
27.2
20,731.0 478.0 83,303.0 432.0
Oct
609.6
27.2
23,764.6 475.1 92,540.6 478.9
Nov
575.3
25.6
22,748.6 347.3 97,945.2 473.0
Dec
524.2
19.2
26,779.1 347.2 118,198.9 524.8
Annual Total
5,903.4
320.1
214,857.4 8,099.0 754,742.1 4,248.84

Jan
548.1
22.7
20,981.2 449.6 100,593.9 501.8
Feb
457.2
22.5
18,869.0 292.2 89,584.3 463.8
Mar
545.2
23.7
21,996.8 268.4 116,120.0 510.5
Apr
505.5
17.4
21,170.0 253.6 117,616.8 457.0
May
611.1
21.2
23,278.2 213.2 137,423.0 496.6
Jun
553.6
22.5
23,790.0 175.2 156,609.8 502.2
Jul
560.2
20.1
25,075.5 223.1 169,416.8 559.6
Aug
553.0
15.1
25,249.9 317.4 164,918.0 518.7
Sep
543.0
19.4
24,918.0 300.8 161,289.5 511.3
Oct
571.6
20.4
21,025.4 345.5 161,427.4 496.0
Nov
477.4
16.7
17,845.4 334.9 133,862.1 430.6
Dec
478.6
13.0
27,419.1 236.2 161,540.7 409.1
Annual Total
6,404.4
234.6
271,618.6 3,410.1 1,670,402.1 5,857.13

Jan
401.5
12.2
40,613.8 232.6 135,481.1 413.4
Feb
456.5
16.4
27,811.2 226.8 119,081.1 463.6
Mar
525.9
15.4
30,417.6 248.9 142,597.8 441.0
Source:Reserve Bank of Zimbabwe, 2019
TABLE 13.2 : 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

Total


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total


Jan

Feb

Mar

Source: Zimstat, 2019
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)