i


OCTOBER 2020

TABLE OF CONTENTS


September

October

Month-on-
Month Change
(%)
Reserve Money (M0) (ZW$ millions)
12,732.32

15,522.13
21.91

Money Supply2 (M3) (ZW$ millions)
153,835.54

169,772.83
10.36

Annual Inflation1 (%)
659.40
471.25
-188.15a

Blended Annual Inflation1 (%)
376.3
249.63
-126.67a
Monthly Inflation1 (%)
3.83
4.37
-4.37a

Blended Monthly Inflation1 (%)
-0.47
1.43
1.9a
National Payment System Transactions2
(ZW$ billions)
299.09
319.50
6.82
Nominal Lending Rate2
(% per annum)
6.00-65.00
6.00-65.00

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

INTERNATIONAL COMMODITY PRICE
DEVELOPMENTS

During the month of October 2020, international
prices for gold, platinum, copper and Brent
crude oil registered declines. Nickel prices,
however, increased during the same month.
Commodity market dynamics have continued to
be influenced by monetary, fiscal and real
economy conditions in the midst of the
coronavirus pandemic. In particular, fears of a
second wave of coronavirus infections and
dwindling stimulus slowed down the recovery in
global markets.

Precious Metals
Gold
The price of gold eased by 1.0%, from a
monthly average of US$1,922.85 per ounce
recorded in September 2020 to US$1,903.40 per
ounce, during the month under review. The
yellow metal price was weighed down by a
stronger US dollar, which made gold more
expensive for holders of other currencies. In
addition, stalled stimulus talks in the US and the
lack of new stimulus from the European Union
slowed down the rally in gold prices.

Platinum
During the month of October 2020, platinum
prices decreased by 3.5% to US$ 876.41 per
ounce, from US$908.66 per ounce recorded in
September 2020. The decline in platinum prices
was underpinned by dampened investment
demand. The demand for the precious metal,
from the automobile industry, also remained
largely subdued owing to the global health
emergency. The outlook for platinum, however,
remains positive as global demand is expected
to outstrip supply as South Africa, a major
producer of the metal, faces a dramatic decline
in platinum output due to strict lockdown
restrictions.
Figure 1 shows developments in precious metal
prices for the period from October 2019 to
October 2020.

Figure 1: Precious metal prices (US$/oz.)
Source: Bloomberg, 2020

Base Metals

Copper
Copper prices eased by a marginal 0.1%, from
US$6,712.41 per tonne recorded in September
2020 to US$6,702.77 per tonne, during the
month under analysis. The retreat in prices was
occasioned by the lack of new stimulus and
looming coronavirus lockdowns in major
economies, a development which stoked fears of
weaker economic recovery. Losses were
however, limited by strong demand from China,
the world’s largest consumer of base metals.

Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
US$/oz.
Gold
Platinum

Nickel
Nickel prices registered a monthly increase of
2.4%, from US$14,866.27 per tonne recorded in
September 2020 to US$15,219.36 per tonne in
October 2020. The base metal price was lifted
by strong demand from stainless steel producers
in China, who account for about two thirds of
global nickel demand. Further support for prices
emanated from tighter supply conditions owing
to the rainy season in the Philippines, the top
supplier to China and the ongoing nickel export
ban in Indonesia, formerly the world’s top
producer.
Figure 2: Base metal prices (US$/ton)
Source: Bloomberg, 2020

Brent Crude Oil
The international price of Brent crude oil
averaged US$41.16 per barrel, during the month
under review, its lowest average price since July
2020. Brent crude oil prices continued to be
affected by the pervasiveness of the pandemic,
as the transport sector operated well below prepandemic levels. The threat of renewed
lockdowns in Europe and the US, amid a second
wave of infections, prompted fears of a
contraction in the demand for oil. Prices were
also weighed down from the supply-side as the
ban on Libyan exports was lifted. This was also
exacerbated by the Organization of Petroleum
Exporting Countries’ intentions to increase oil
output over the near term.
Figure 3 shows developments in Brent crude oil
prices for the period from October 2019 to
October 2020.
Figure 3: International crude oil prices
(US$/barrel)

Source: Bloomberg, 2020

MERCHANDISE TRADE
DEVELOPMENTS


Total merchandise trade stood at US$929.7
million in October 2020, a 10.6% increase from
the previous month. This was driven by the
recovery in markets for both merchandise
exports and imports, during the month under
review. Compared to the corresponding month
in 2019, total merchandise trade registered a
5.1% increase.


Oct-19
Dec-19
Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Nickel US$/ton
Copper US$/ton
Copper
Nickel (RHS)

Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
US$/barrel

Merchandise Exports
The country’s merchandise exports increased by
10.2% to US$439.4 million in October 2020,
from US$398.8 million in September 2020.
Compared to the same period in 2019, however,
the country’s exports were 9.1% lower. Figure 4
shows monthly comparisons of the country’s
merchandise exports for 2019 and 2020.
Figure 4: Merchandise Exports (US$ m)

Source: ZIMSTAT, 2020

The surge in monthly merchandise exports in
October 2020 was on account of increases in
exports of nickel mattes (23,5%); gold (19,7%);
nickel ores and concentrates (18.9%), and
tobacco (12.6%). Nickel export earnings
increases on account of firming demand in
global markets, as nations embraced the
environmental
green
revolution.
Export
earnings from gold were 19.7% higher than in
the preceding month, on account of strong safehaven demand. Table 1, shows developments in

1 Nickel ores and concentrates, nickel matters and
unwrought platinum are components of the platinum
group of metals (PGMs).
the country’s exports during the months of
September and October 2020, respectively.
Table 1: Exports Classified by Harmonised
Commodity Description and Code System
Commodity

Sept-20
Oct-20
Share
of
Total
(%)
Total Exports
398.8
439.4
100.0
Of Which:


Nickel mattes
82.7
103.2
23.5
Gold
69.3
86.5
19.7
Nickel ores and
concentrates1
94.5
82.9
18.9
Tobacco
(Including
fluecured, stemmed &
cigarettes)
47.4
55.3
12.6
Unwrought
Platinum
(In
powder form)
21.9
20.1
4.6
Ferro-chromium
12.5
18.0
4.1
Industrial
diamonds
13.8
16.2
3.7
Cane sugar
8.0
7.5
1.7
Chromium
ores
and concentrates
5.4
5.0
1.1
Ginned cotton
6.3
3.9
0.9
Source: ZIMSTAT & RBZ Calculations, 2020
The country’s top export destination remained
South Africa, which accounted for the bulk,
absorbing about 37.5% of the total exports,
followed by the United Arab Emirates (U.A.E)
(19.7%) and Mozambique (10.1%), as shown in
Figure 5.


Jan
Feb
Mar
Apr
May
June
July
Aug
Sep
Oct
US$ million

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

Source: ZIMSTAT & RBZ Calculations, 2020

Merchandise Imports
In October 2020, total merchandise imports
stood at US$490.2 million, marking a fourth
month of consecutive increases. The outturn in
October 2020, was 22.2% higher than the
US$401.1 million recorded in the corresponding
month in 2019. Figure 6 shows the country’s
monthly
imports
for

and
2020,
respectively.


Figure 6: Merchandise Imports classified by
HS Codes 2019 & 2020 (US$ m)

Source: ZIMSTAT & RBZ Computations, 2020
The increase in imports during the month of
October 2020 was largely on account of
increases in imports of palm oil, fertiliser,
sorghum, electricity and wheat. Diesel imports,
however, continued to decline, reflecting both
the impact of the removal of the fuel subsidy and
the slowdown in economic activity, resulting
from COVID-19 induced lockdowns. Table 3
shows imports by commodity for the months of
September and October 2020.


South Africa
United Arab Emirates
Mozambique
Belgium
Kenya
Uganda
Zambia
Botswana
Hong Kong
Malawi

Jan Feb Mar AprMay Jun Jul Aug Sep Oct
US$ million

Table 2: Imports Classified by Harmonised
Commodity Description and Code
System
Commodity
Sept 20
US$ m
Oct 20
US$ m
Share
of
Total
Imports
(%)
Total Imports
441.7
490.2
100.0
Of Which:


Other palm oil
(excl. crude) and
fractions
1.2
32.6
6.6
Sorghum
0.0
13.7
2.8
Fertiliser
Chemicals
(Ammonium
phosphate)
3.7
13.2
2.7
Electricity
9.3
12.0
2.4
Wheat
7.7
11.9
2.4
Diesel
15.3
11.5
2.4
Crude soya bean
oil
12.4
10.7
2.2
Maize
(Excluding Seed)
13.9
10.7
2.2
Rice
12.1
6.5
1.3
Iron (Structures
& parts of iron/
steel)
11.9
6.0
1.2
Source: ZIMSTAT & RBZ Calculations, 2020
The country’s imports for the month of October
2020 were mainly from South Africa (56.1%),
China (9.3%), Singapore (4.3%), Mauritius
(3.1%), and Zambia (2.7%), as shown in Figure
7.


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

Source: ZIMSTAT & RBZ Calculations, 2020

Merchandise Trade Balance
The country’s merchandise trade balance
widened from a deficit of US$42.9 million in
September 2020, to a deficit of US$50.8 million
in October 2020. The net trade position was a
significant deterioration from the surplus of
US$82.3 million recorded in October 2019.
Figure 8 shows developments on the country’s
trade balance for the period from January to
October 2020.


South Africa
China
Singapore
Mauritius
Zambia
India
Mozambique
United Kingdom
United Arab Emirates
Turkey

Figure 8: Merchandise Trade Balance
(US$ m)

Source: ZIMSTAT & RBZ Computations, 2020


MONETARY DEVELOPMENTS2

Broad money supply stood at ZW$169.77
billion in October 2020, up from ZW$153.84
billion as at end of September 2020. The money
stock (M3), however, consisted largely of
foreign
currency
deposits,
equivalent
to
ZW$97.62 billion (or 57.50% of total), while
local currency transferrable deposits amounted
to ZW$61.46 billion (36.20%); time deposits,
ZW$8.40
billion
(4.95%);
negotiable
certificates of deposits, ZW$1.23 billion
(0.73%); and currency in circulation, ZW$1.06
billion (0.62%).

2All monetary numbers valued in ZW$ since the adoption
of an interbank market determined exchange rate in
February 2019.
The foreign currency component of total
deposits increased from ZW$11.16 billion in
October 2019 to ZW$97.62 billion as at end
October 2020. The growth largely reflected
valuation changes due to exchange rate
movement, from ZW$15.67 per US$1 in
October 2019 to ZW$81.35 per US$1 in
October 2020.
Consistent with demand for money in the
economy, local currency deposits registered a
year-on- year growth of 316.67%, while
currency in circulation also increased by
48.59%, on an annual basis.
Figure 9: Composition of Money Supply

Source: Reserve Bank of Zimbabwe, 2020

The annual growth in broad money reflected
increases in credit to financial corporations,
761.83%; private sector, 630.31%; and public
non-financial corporations, 158.62%.
On a month-on-month basis, credit to the private
sector increased by 16.18%, to ZW$57.11

Jun-19
Aug-19
Oct-19
Dec-19
Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Exports
Imports
Trade Balance
Local
Currency
Transferable
deposits
36.20%
Foreign
Currency
Deposits
57.50%
Time
Deposits
4.95%
Currency in
Circulation
0.62%
NCDs
0.73%

billion. Government deposits declined by
ZW$4.63
billion,
reflecting
increased
expenditures.
Credit to the private sector was mainly extended
towards agriculture,
22.55%;
distribution,
16.60%;
financial
organisations,
14.97%;
households, 13.28%; mining, 11.65%; and
manufacturing, 11.57%; as shown in figure 10.

Figure 10: Distribution of Private Sector
Credit

Source: Reserve Bank of Zimbabwe, 2020

Credit to the private sector was channelled
towards inventory build-up, 37.67%; other
recurrent expenditures, 31.71%; and fixed
capital investment, 16.37%; and pre and post
shipment financing, 2.90%.


STOCK MARKET DEVELOPMENTS

During the month of October 2020, the
Zimbabwe
Stock
Exchange
(ZSE)
was
characterised by bearish sentiments, as all the
major indices recorded losses. The All Share,
Top 10, industrial and mining indices shed
9.85%, 14.25%, 9.90% and 8.14% to close at
1 476.87 points, 937.28 points, 4 852.49 points
and 3 792.35 points, respectively. Tight money
market liquidity partly explained the bearish
sentiments.

Figure 11: Zimbabwe Stock Exchange All
Share and Top 10 Indices
Source: Zimbabwe Stock Exchange, 2020

On an annual basis, however, the All Share, Top
10, industrial and mining indices gained
534.23%, 337.23%, 524.13% and 1 272.50%,
up from 232.86 points, 214.37 points, 777.48
points and 276.31 points recorded in October
2019, respectively.


Households
13.28%
Agriculture
22.55%
Mining
11.65%
Manufacturing
11.57%
Distribution
16.60%
Construction
0.55%
Transport &
Communicati
ons
1.65%
Services
7.07%
Financial Org.
& Investments
14.97%
Other

31-Oct-19
30-Nov-19
31-Dec-19
31-Jan-20
29-Feb-20
31-Mar-20
30-Apr-20
31-May-20
30-Jun-20
31-Jul-20
31-Aug-20
30-Sep-20
31-Oct-20
Top 10 Index
All Share Index
All Share Index
Top 10 Index

Figure 12: Zimbabwe Stock Exchange
Indices
Source: Zimbabwe Stock Exchange, 2020
As a result of bearish trading on the local bourse
during the month under review, the cumulative
volume and value of shares traded declined by
63.68% and 78.74% to 397.01 million shares
and ZW$986.70 million, respectively.

Figure 13: ZSE Monthly Volumes and Values
Traded

Source: Zimbabwe Stock Exchange, 2020
The market lost ZW$26.81 billion, or 12.98%
worth of capitalization, from Z$206.50 billion in
September 2020 to ZW$179.70 billion in
October 2020. On a year-on-year basis,
however, local bourse capitalization increased
by 491.28%, from ZW$30.40 billion recorded in
October 2019.

INFLATION OUTTURN

Annual Inflation

Annual headline inflation which peaked at
837.53% in July 2020, decelerated further to
471.25% in October 2020, from the September
rate of 659.40%. The declining inflation trend
was largely attributable to the stability in the
domestic currency.

Annual
food
inflation
decelerated
from
724.40% in September 2020, to 472.40% in
October 2020. Vegetables, bread and cereals,
and meat, had the highest contribution to food
inflation in October 2020.

Similarly, annual non-food inflation eased from
619.78% in September 2020 to 470.46% in
October 2020. Non-food inflation contributed
about 323.2 percentage points to the October
2020 inflation. Price increases in this category
were attributable to housing, water, electricity,
gas
and
other
fuels.
Communication;
miscellaneous
goods
and
services;
and
transport, also had a significant contribution to
annual non-food inflation in October 2020.

31-Oct-19
31-Dec-19
29-Feb-20
30-Apr-20
30-Jun-20
31-Aug-20
31-Oct-20
Mining Index Points
Industrial Inedx Points
Industrial
Mining


1,000
1,200
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Values Traded (ZW$ millions)
Volumes Traded (milions)
Volume
Turnover

The annual Blended CPI inflation3 decelerated
further from 376.3% in September 2020, to
249.63% in October 2020. The decline was
attributed to price declines cross all categories.
Significant declines were recorded for alcoholic
beverages, housing and energy, furniture and
household equipment and communication.

Monthly Inflation

Month-on-month ZWL$ inflation stood at
4.37% in October 2020, up from 3.83%
recorded in September 2020. This was on
account of marginal price increases in both food
and non-food inflation.

Month-on-month food inflation rose from
2.08% in September 2020 to 3.00% in October
2020. Vegetables; bread and cereals; and meat
continued to be major drivers of monthly food
inflation.

Monthly non-food inflation also increased from
5.08% to 5.33% over the same period. Month-
on-month non-food inflation was largely driven
by housing, water, electricity, gas and other
fuels. Other categories that recorded minor
increases included restaurants and hotels, and
alcoholic beverages and tobacco. The increases
were, however, partially offset by declines in
communication; education and recreation and
culture.

3The Zimbabwe National Statistical Agency (ZIMSTAT)
commenced publication of the blended CPI inflation in June
2020. The blended CPI inflation combines the average changes
Blended monthly inflation accelerated from
-0.47% in September 2020 to 1.43% in October
2020.
Figure 14 shows month-on-month inflation
developments for the period from August 2019
to October 2020.
Figure 14: Month-on-Month Inflation (%)

Source: ZIMSTAT, 2020

NATIONAL PAYMENTS SYSTEM

During the month of October 2020, the total
value of transactions processed through the
National
Payment
System
amounted
to
ZW$319.50 billion, a 6.8% increase from
ZW$299.09 billion recorded in September
2020. NPS transaction volumes increased by
48.6% to close at 212.93 million, during the
same month.
in price of goods and services sold in the two main currencies in
circulation, namely the ZW$ and the US$.

Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Food
Non-Food
Overall

Zimbabwe Electronic Transfer Settlement
System (ZETSS)

Transactions processed through the RTGS
system stood at ZW$198.86 billion during the
month of October 2020, reflecting a 2.1%
decline from ZW$203.17 billion transactions
recorded in September 2020. The volume of
RTGS transactions was 8.6% higher, to close at
990 153 transactions, during the month under
review.
Figure 15: ZETSS Volumes and Values

Source: Reserve Bank of Zimbabwe, 2020

Cash Transactions

Cash based transactions increased to ZW$6.85
billion in October 2020, from ZW$6.24 billion
ZW$7.30 billion recorded in September 2020.
Mobile and Internet Based Transactions

Mobile
and
internet-based
transactions
increased by 30.17% to close at ZW$89.04
billion in October 2020, from ZW$63.40 billion
in September 2020.
Card Based Transactions

Card-based transactions rose by 21.92%, from
ZW$20.23 billion in the previous month to close
at ZW$24.65 billion, during the month under
review.

RESERVE BANK OF ZIMBABWE


Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Value in ZW$ billions
Volume in thousands
Volume
Value

Statistical Tables

Monetary Statistics
1. Depository Corporations Survey

2. Central Bank Survey

3. Other Depository Corporations Survey

Other Depository Corporations

4.1 Assets

4.2 Liabilities

Commercial Banks
5.1 Assets

5.2 Liabilities

Building Societies
6.1 Assets

6.2 Liabilities

Sectoral Analysis of Bank Loans and Advances and Deposits

7.1 Sectoral Analysis of Commercial Banks Loans and Advances

7.2 Sectoral Analysis of Commercial Banks Deposits

Interest Rates

8.1 Lending Rates

8.2 Banks Deposit Rates

Inflation

9.1 Monthly Inflation

9.2 Yearly Inflation

External Statistics

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

Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
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)
-35,602,189.94 -43,161,718.12 -43,143,999.17
-47,860,547.38
-49,592,865.53 -49,769,854.91 -78,762,163.43 -108,457,657.69 -117,412,003.72 -283,986,230.81 -381,705,468.53 -407,214,233.87 -407,712,767.45 -416,421,280.93
Shares and Other Equity

Liabilities to Other Financial Corporations

Restricted Deposits

Deposits and Securities Excluded from Base Money

Other Items(net)

Broad Money-M3

Securities Other than Shares Included in Broad Money

Broad Money-M2

Other Deposits

Narrow Money-M1

Transferable Deposits

Of which Foreign Currency Accounts

Currency Outside Depository Corporations

Memorandum Items
Reserve Money

FCAs as a Percentage of Deposits in M3

End Period Exchange Rate

Source: Reserve Bank of Zimbabwe,2020
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 ($'000)

Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Net Foreign Assets
-46,395,160.21 -48,267,748.85 -50,285,843.15 -51,596,769.75 -51,659,786.89 -78,356,892.58 -104,544,431.97 -114,377,001.26 -275,623,563.54 -366,357,650.73 -391,303,802.50 -386,104,783.47 -398,503,742.75
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 revaluations (Excha

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)
-43,812,534.88 -46,414,639.90 -54,669,718.18 -57,145,180.31 -58,322,160.20 -86,517,998.56 -114,986,959.06 -125,482,666.85 -295,508,852.17 -397,084,920.55 -427,953,446.54 -425,725,999.11 -429,887,129.29
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

Exess reserves

Private Deposits

Source: Reserve Bank of Zimbabwe,2020
NB: * Other Foreign Liabilities include blocked funds amounting to USD2.2 billion assumed by the Central Bank on behalf of Government.
TABLE 2: CENTRAL BANK SURVEY ($'000)

TABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( $ '000)
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
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
22,546,030.38

27,593,648.82

29,819,025.32

32,968,794.78

34,202,472.63

36,052,337.44

45,274,086.77

49,685,009.94

57,713,065.69

97,187,347.86

127,237,814.07

140,284,498.63

147,593,137.33

161,784,545.97

Transferable Deposits
20,883,074.13

25,739,354.63

27,983,294.46

31,080,869.95

32,175,873.35

33,858,024.37

42,922,095.92

47,162,154.77

54,870,283.47

93,169,652.47

121,190,660.19

134,852,887.37

140,657,703.75

153,387,406.86

of which FCAs
9,859,484.27

11,155,597.09

11,472,035.58

11,938,732.84

12,458,349.93

12,476,934.91

20,909,726.92

19,463,088.16

24,984,322.48

57,701,775.14

79,076,606.18

82,607,196.16

88,430,395.05

91,944,864.16

Other Deposits

Money Market Instruments
219,889.50

205,671.08

235,117.26

243,976.57

255,563.69

260,055.92

476,793.67

337,556.97

359,194.93

863,206.40

1,024,311.11

1,111,664.44

1,083,907.10

1,231,944.90

Source:Reserve Bank of Zimbabwe,2020

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


Apr
45.2

363.5

4,153.9

578.9

1,031.9


May
98.7

484.2

4,089.2

694.1

1,890.1


Jun
126.3

882.2

4,518.6

560.2

2,383.0


Jul
232.4

968.8

5,605.6

370.4

3,738.0


Aug
184.4

1,150.4

7,956.5

527.8

3,904.2


Sep
124.5

2,108.5

9,128.1

874.0

5,678.3


Oct
144.3

1,906.0

11,613.0

2,511.0

7,644.9


Nov
128.8

2,243.1

11,417.7

2,236.3

8,417.4


Dec
169.8

2,526.2

13,994.1

1,254.7

8,415.7


Jan
183.4

3,176.6

13,217.3

1,073.2

8,142.0


Feb
267.1

3,136.4

13,817.0

1,504.5

8,642.5


Mar
263.6

3,607.6

16,167.1

2,214.4

12,681.9


Apr
298.5

3,642.9

17,926.4

1,523.3

13,697.1


May
330.0

3,581.8

21,376.4

1,749.6

15,757.4


Jun
606.6

9,584.7

29,457.9

3,974.7

35,786.5


Jul
690.8

18,357.0

54,139.7

5,578.7

42,159.7


Aug
975.1

28,776.0

54,868.5

4,623.1

41,100.2


Sep
1,084.2

30,217.6

56,679.6

4,426.6

39,530.8


Oct
1,064.2

32,235.0

66,948.5

4,457.3

40,092.7


Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities includes treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations.
Public
Enterprises
TABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS
$ millions
Debt Securities
Loans and Advances

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

Jan

Feb

Mar

Apr

May

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

Source:Reserve Bank of Zimbabwe,2020
TABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES
Deposits
Amounts Owing to
$ millions

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

Jan
22.40

64.10

2,294.49

192.08

103.42

81.91

2,143.23

-

23.45

65.90

26.32

20.59

154.85

2,451.11

28.68

500.96

294.22

538.92

9,006.6

Feb
18.34

43.97

2,296.76

223.72

108.28

96.17

2,109.34

-

23.45

66.10

24.29

21.11

145.03

2,461.49

28.67

507.82

290.62

536.35

9,001.5

Mar
14.81

53.62

2,238.77

240.67

124.48

99.51

2,164.00

-

23.45

66.69

19.16

15.90

127.10

2,535.82

30.40

504.13

325.78

552.34

9,136.6

Apr
13.47

56.67

2,207.91

274.97

116.75

78.50

2,314.90

-

24.75

66.97

13.44

20.89

120.77

2,519.81

28.31

531.98

298.96

554.95

9,244.0

May
12.85

62.77

2,308.95

339.50

130.13

85.74

2,562.36

-

24.97

66.94

8.44

20.88

134.01

2,556.25

23.90

458.93

307.90

555.31

9,659.8

June
7.48

52.61

2,848.51

331.76

117.26

84.05

2,538.32

-

26.19

66.55

7.44

19.43

196.00

2,662.21

25.46

551.39

302.93

563.41

10,401.0

July
17.85

54.25

3,189.62

281.13

109.31

95.43

2,949.15

-

-

67.49

4.51

21.01

181.99

2,414.59

26.03

611.36

322.53

565.15

10,911.4

Aug
21.01

67.83

3,196.71

232.34

102.46

66.26

3,014.90

-

-

67.29

7.05

20.62

186.74

2,490.99

29.82

647.67

329.42

566.33

11,047.4

Sep
16.25

58.19

3,487.91

305.30

137.84

78.01

2,789.78

-

45.21

68.09

5.42

20.39

212.17

2,577.06

36.68

637.41

357.43

571.83

11,405.0

Oct
33.06

67.98

3,505.83

272.14

173.15

51.45

2,728.83

-

45.21

68.41

4.59

9.35

188.83

2,697.37

38.71

647.52

353.24

569.20

11,454.9

Nov
25.84

81.42

3,384.38

264.64

198.18

63.91

2,793.90

-

45.21

68.65

6.99

8.13

217.69

2,672.32

46.06

633.21

406.55

569.81

11,486.9

Dec
18.17

89.91

3,736.98

317.34

224.44

74.84

2,633.69

-

43.37

69.16

6.20

9.18

204.31

2,707.60

53.75

573.76

406.16

633.85

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

Apr
40.82

331.97

3,876.83

492.10

981.80

91.75

2,590.97

-

61.79

3.95

3.98

9.62

407.85

2,721.57

24.55

620.52

935.27

1,002.47

14,197.8

May
94.59

444.70

3,886.07

571.50

1,747.69

154.08

2,508.43

-

62.12

4.20

3.93

9.43

636.78

3,056.86

34.46

910.14

1,832.95

1,142.77

17,100.7

Jun
119.69

810.71

4,104.17

413.18

2,244.98

538.88

2,596.97

-

63.09

6.62

3.89

8.73

929.36

3,667.45

37.02

1,606.53

1,374.23

1,621.33

20,146.8

Jul
224.75

791.31

5,081.19

275.44

3,602.89

801.93

2,640.55

-

103.36

5.49

2.18

9.00

164.58

4,043.75

32.65

1,587.68

1,873.44

1,722.66

22,962.9

Aug
178.74

1,054.06

7,123.10

461.83

3,778.75

1,050.74

3,106.90

-

103.86

6.78

1.04

9.21

212.50

4,430.78

37.42

2,614.64

1,744.16

1,989.27

27,903.8

Sep
108.51

1,915.41

8,246.09

676.17

5,563.16

1,575.75

3,240.85

-

26.96

6.47

1.37

9.40

187.53

4,993.71

42.30

3,707.80

3,074.10

2,440.63

35,816.2

Oct
138.01

1,702.35

10,537.81

2,437.08

7,376.80

906.98

3,416.23

-

27.05

5.29

1.15

7.94

254.84

5,859.32

41.94

4,081.09

1,658.19

2,434.21

40,886.3

Nov
113.92

2,078.54

10,430.55

2,073.35

7,977.27

940.70

3,737.72

-

27.15

11.83

1.37

8.74

248.79

7,670.96

42.07

3,148.28

1,627.27

3,059.40

43,197.9

Dec
158.44

2,300.01

12,821.54

934.73

7,898.48

1,984.08

3,716.31

-

24.75

20.65

1.33

8.11

268.61

8,976.00

61.84

4,867.67

2,740.16

6,935.56

53,718.3

Jan
165.80

2,845.62

12,018.43

708.00

7,706.57

1,811.38

4,029.43

-

125.52

14.97

5.11

12.17

326.11

10,766.91

77.59

2,965.93

3,395.90

8,058.15

55,033.6

Feb
251.70

2,756.57

12,731.97

889.16

8,264.76

1,532.87

3,877.19

-

117.45

13.99

5.15

11.56

329.47

11,656.91

88.37

5,441.70

11,907.90

8,653.69

68,530.4

Mar
242.41

3,063.92

14,545.58

1,948.14

12,381.17

2,497.47

4,373.76

-

0.08

20.23

4.39

11.39

765.82

14,041.67

127.46

7,917.31

5,718.53

9,244.62

76,904.0

Apr
263.29

3,147.75

16,673.44

1,287.51

13,285.14

3,056.32

4,235.96

-

0.08

18.39

4.47

9.75

834.72

14,864.30

129.90

7,642.80

6,534.14

9,703.93

81,691.9

May
284.33

3,144.57

19,827.46

1,553.68

15,003.29

3,130.38

4,160.50

-

0.12

45.79

4.53

9.61

768.01

17,762.27

143.44

7,042.04

6,012.40

9,845.09

88,737.5

Jun
515.11

8,372.39

26,368.55

3,570.85

34,550.44

7,527.46

5,841.98

-

0.12

90.14

4.29

9.41

2,010.79

26,638.87

215.56

24,299.33

14,590.26

18,983.05

173,588.6

Jul
577.99

16,536.53

49,470.13

4,219.81

40,259.84

11,399.93

6,357.84

-

-

74.57

4.33

12.61

1,025.78

33,054.99

229.06

28,551.07

10,247.64

19,646.49

221,668.6

Aug
821.16

26,519.73

49,165.59

4,265.44

38,763.72

14,219.24

6,484.68

-

-

39.07

14.05

14.74

1,046.29

38,741.31

231.00

25,354.64

9,460.49

19,961.16

235,102.3

Sep
891.26

27,646.41

51,169.67

3,898.65

38,420.20

14,126.83

6,354.19

-

-

107.40

9.61

22.30

1,050.38

41,088.91

228.95

28,289.36

17,608.70

19,375.08

250,287.9

Oct
896.48

29,309.79

60,589.19

3,602.58

38,877.31

13,530.74

7,763.97

-

20.06

109.83

17.57

22.18

1,019.00

48,440.92

268.07

29,764.70

15,978.22

19,616.63

269,827.2

Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 5.1: COMMERCIAL BANKS -ASSETS
$ millions
Debt Securities
Loans and Advances

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

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Source:Reserve Bank of Zimbabwe,2020
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
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

0.0
343.8

27.3
33.6

0.0
438.0

0.0
649.3

136.7
151.2

1973.3
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

Apr
3.7

30.6
220.3

85.0
47.6

-

271.6

25.0
-

-

414.1

-

705.0

169.0
276.2

2,247.8

May
3.9

38.4
162.2

115.4
139.0

-

345.5

23.9
-

-

406.2

-

776.6

165.7
363.4

2,540.1

Jun
6.3

69.8
361.6

144.5
132.4

-

265.8

22.6
-

-

421.7

-

873.6

210.5
473.0

2,981.8

Jul
6.5

174.7
473.9

89.7
131.1

-

258.3

22.2
-

-

416.0

-

934.6

203.1
565.6

3,275.8

Aug
5.5

94.5
758.0

60.6
115.5

-

247.4

21.5
-

-

418.1

-

970.6

345.1
567.6

3,604.2

Sep
15.8

180.3
831.8

195.4
104.2

-

267.6

20.9
-

-

499.1

-

1,137.6

528.8
1,042.2

4,823.6

Oct
6.2

198.7
997.2

72.2
243.7

-

268.8

20.2
-

-

429.8

-

1,286.7

503.4
1,069.3

5,096.2

Nov
11.9

156.1
872.3

159.7
426.0

-

338.6

19.6
-

-

443.5

-

1,357.4

575.8
1,068.7

5,429.6

Dec
9.2

223.9
1,016.9

317.4
492.3

-

308.3

18.2
-

-

454.5

-

1,413.5

700.6
1,470.0

6,424.9

Jan
16.3

322.3
1,106.8

361.8
421.8

-

283.0

20.1
-

-

478.2

-

1,498.8

717.5
1,552.8

6,779.5

Feb
14.5

368.2
977.2

612.5
370.5

-

357.1

20.1
-

1.5

503.6

-

2,097.7

735.9
1,538.8

7,597.4

Mar
20.1

529.4
1,423.7

261.8
282.6

-

341.6

19.2
-

0.6

526.4

-

2,406.4

1165.6
1,914.1

8,891.5

Apr
33.1

493.1
914.2

232.1
384.9

-

424.3

18.1
-

-

525.9

-

2,568.2

1528.5
2,134.4

9,256.8

May
39.7

434.7
1,248.4

192.3
725.0

-

382.4

17.0
-

-

517.6

-

2,793.4

2669.6
2,146.1

11,166.3

Jun
88.7

1167.9
2,857.8

395.9
1,222.0

-

385.4

13.8
-

-

653.4

-

4,663.9

2688.0
4,712.1

18,848.8

Jul
109.1

1780.7
3,878.9

1342.9
1,879.4

-

346.6

13.4
-

-

585.7

-

5,648.0

3879.5
4,927.7

24,391.8

Aug
142.9

2175.5
4,799.3

341.7
2,310.6

-

294.6

13.1
-

-

688.7

-

6,552.1

4480.3
6,104.6

27,903.4

Sep
179.8

2469.9
4,547.1

504.6
1,027.7

-

218.3

12.9
-

0.4

741.5

-

6,518.3

2774.9
6,503.8

25,499.1

Oct
149.1

2787.0
5,056.1

778.9
1,182.4

-

206.5

12.3
-

112.2

772.3

-

6,874.4

2795.4
6,537.1

27,263.4

Source:Reserve Bank of Zimbabwe,2020
Notes
1.Government securities include treasuary bills and bonds
2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.
3.Includes households and other financial corporations,
TABLE 6.1: BUILDING SOCIETIES -ASSETS
$ millions
Debt Securities
Loans and Advances

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

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

Source:Reserve Bank of Zimbabwe,2020
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


1,000.0

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

Source:Reserve Bank of Zimbabwe,2020
/1 Including the only merchant bank still in operation.
TABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES
$ ('000)

END OF
AGRICULTURE
CONSTRUCTION
COMMUNICATIONS
DISTRIBUTION
FINANCIAL &
FINANCIAL
MANUFACTURING
MINING
SERVICES
TRANSPORT
INDIVIDUALS
CONGLOMERATES
TOTAL
INVESTMENTS
ORGANISATIONS
1,000.0

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

Source: Reserve Bank of Zimbabwe,2020
TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS
$ ('000)

End of
Nominal
Lending
Rates 1
Individuals
Corporate

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
Apr
4.00-18.00
9.30
7.38
May
4.00-22.00
9.31
7.33
Jun
4.00-22.00
9.15
7.67
Jul
4.00-35.00
9.54
8.40
Aug
5.00-55.00
14.37
18.43
Sep
5.00-65.00
14.64
19.81
Oct
5.00-65.00
15.59
19.66
Nov
5.00-65.00
15.06
18.00
Dec
5.00-65.00
16.08
18.31

Jan
5.00-65.00
16.56
17.20
Feb
5.00-65.00
16.92
16.68
Mar
5.00-65.00
19.65
17.21
Apr
5.00-65.00
18.57
18.69
May
5.00-65.00
18.06
18.07
June
5.00-65.00
20.04
17.38
July
5.00-65.00
18.87
20.11
Aug
6.00-65.00
19.14
18.99
Sep
6.00-65.00
20.65
25.09
Oct
6.00-65.00
26.04
26.68
Source:Reserve Bank of Zimbabwe, 2020
Notes
TABLE 8.1: LENDING RATES (percent per annum)
1. Nominal lending rates depict the range of rates quoted by banks.
Commercial Banks
Weighted Lending Rates

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

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
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.00-8.00
Aug
0.22-12.00
1.00-8.00
Sep
0.22-12.00
1.00-8.00
Oct
0.22-12.00
1.00-8.00
Nov
0.22-12.00
1.00-8.00
Dec
0.22-12.00
1.00-8.00

Jan
0.22-12.00
1.00-8.00
Feb
0.22-12.00
1.00-8.00
Mar
0.22-12.00
1.00-8.00
Apr
0.22-12.00
1.00-8.00
May
0.22-12.00
1.00-8.00
Jun
0.22-12.00
1.00-8.00
Jul
0.22-12.00
1.33-14.00
Aug
0.50-15.00
1.00-20.28
Sep
0.50-15.00
1.00-20.28
Oct
0.50-15.00
1.00-20.28
Source:Reserve Bank of Zimbabwe, 2020
* 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.
COMMERCIAL BANKS

ALCOHOLIC
BEVERAGES
CLOTHING &
HOUSING,
WATER,
FURNITURE
HEALTH
TRANSPORT
COMMUNICA
TION
RECREATION &
EDUCATION
RESTAURA
NTS &
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

Apr

May

Jun

Jul

Aug

Sep

Oct

Source:Zimstat, 2020
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


Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Source:Zimstat, 2020
TABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX
(February 2019 = 100)
N ON -F OOD IN F LA TION
HEA LTH
TR A N S P OR T
C OM M UN IC A TION
ED UC A TION

(US$ MILLIONS)
End Period

Est
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

2,463
Private


Total External Debt

Source: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2020
TABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)

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

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Source: Reserve Bank of Zimbabwe, 2020
TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES
1. ZWL$ dollar per unit of foreign currency

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

Apr

May

June*

Aug

Sep

Oct

Source:Zimbabwe Stock Exchange, 2020
*All Share index was introduced in January, 2018
**As at 26 June 2020
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
6,903.0
2.9 1,294.05
16.9 3,608.83 1,056.16
Feb
8,337.0
4.0 1,330.58
17.2 3,594.51 1,093.64
Mar
9,881.5
3.9 1,399.50
18.3 4,080.65 1,250.55
Apr
10,321.4
3.1 1,590.10
14.0 4,949.34 1,408.53
May
14,670.3
4.2 1,397.48
11.8 6,692.55 1,897.82
Jun
17,881.2
3.7 1,464.66
30.1 7,130.02 2,539.84
Jul
23,309.9
3.7 1,806.45
36.6 9,137.36 3,295.81
Aug
23,596.6
2.4 2,181.56
38.5 11,077.65 3,493.56
Sep
30,328.1
3.8 3,029.87
51.9 15,112.00 5,337.71
Oct
39,413.7
3.9 3,621.64
67.1 16,588.28 6,237.03
Nov
40,871.8
3.5 4,199.30
67.4 13,537.77 7,200.30
Dec
49,579.8
2.8 5,695.39
97.2 19,356.74 8,724.02

Jan
47,841.3
1.8 5,236.3 115.2 21,247.9 9,646.8
Feb
41,637.6
4.7 5,431.8 136.9 22,589.7 9,633.8
Mar
60,804.1
4.1 7,252.9 268.0 27,993.6 14,411.4
Apr
47,525.5
0.0 4,150.6 82.6 18,299.2 11,481.8
May
59,271.1
0.0 7,426.0 349.8 24,851.5 19,593.2
Jun
91,311.3
0.0 9,752.7 516.6 26,042.5 25,842.3
Jul
127,743.2
0.0 14,741.1 1,028.7 26,033.3 35,199.7
Aug
143,042.1
0.0 14,953.6 1,547.5 27,217.6 34,505.0
Sep
203,172.0
0.8 18,252.3 1,963.0 26,441.0 41,958.4
Oct
198,863.56
0.0
22,482.28 2,163.27 42,767.66 46,270.42
Source:Reserve Bank of Zimbabwe, 2020
TABLE 13.1 : ZETSS AND RETAIL PAYMENTS
Values of Transactions (ZWL$ millions)

END OF
ZETSS
CHEQUE
POS
ATM
MOBILE
INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total
6,404.4
234.6 271,618.6 3,410.1 1,670,402.1
5,857.13

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct
1,079.4
12.7 23,191.6 65.0 206,621.5
1,099.3
Nov
982.1
10.3 25,737.5 225.2 152,919.9
2,044.1
Dec
1,003.8
7.6 27,800.5 385.5 146,316.6
1,273.6

Jan
943.3 4.6 23,649.0 199.9 139,278.2 671.7
Feb
916.1 8.9 21,652.2 196.6 149,671.5 647.8
Mar
1,068.5 7.4 22,588.1 234.3 173,042.2 661.2
Apr
515.1
- 11,036.4 36.4 131,190.0 998.0
May
674.1
- 14,711.6 231.2 150,936.1 705.3
Jun
907.8
- 14,420.9 286.1 135,524.3 1,390.4
Jul
918.4
- 15,786.5 251.4 121,072.4 791.9
Aug
789.4
- 13,536.2 248.2 127,308.6 702.1
Sep
911.9 0.002 15,524.1 309.8 125,059.2 783.2
Oct
990.2
- 19,138.6 398.8 191,148.8 735.8
Source:Reserve Bank of Zimbabwe, 2020
TABLE 13.2 : ZETSS AND RETAIL PAYMENTS
Volumes of Transactions (ZWL$ 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

Apr

May

Jun

Jul

Aug

Sep

Oct

Source: ZIMSTAT, 2020
TABLE 14 : MERCHANDISE TRADE STATISTICS
(US$ millions)