MONTHLY ECONOMIC REVIEW
JANUARY 2013
Selected Economic Indicators

The Mining Sector: Some Stylized Facts

Monetary Developments

Inflation

National Payments System

Statistical Tables

Stock Market Developments

INSIDE THIS ISSUE:

PAGE
SELECTED ECONOMIC INDICATORS

December

January
Z.S.E. Mining Index1
65.12
84.07
Z.S.E. Industrial Index1
152.40
179.34
Money Supply (Total Bank Deposits) (US$)2
3.89 billion
3.81 billion
Money Supply (M3) Annual Growth2
28.05%
21.09%
Yearly Inflation3
2.91%
2.51%
Sources:
1 Zimbabwe Stock Exchange
2 Reserve Bank of Zimbabwe
3 ZIMSTAT


2 3
THE MINING SECTOR: SOME STYLIZED FACTS
Zimbabwe is richly endowed with a wide
range of minerals, gold, platinum, diamonds,
chrome and coal, among others. In addition,
the sector has vast potential to immensely
contribute towards economic recovery, given
the expansion projects being undertaken by
various mining houses, underpinned by favorable international mineral prices.
25.1% in 2011. The sector is estimated to
have grown by 10.1% in 2012. The sector
contributed 9.1% to GDP in 2011, compared to 8% in 2010, and 7.7% in 2009.
The sustained global demand for primary
commodities has enhanced mining export
revenues, from US$659.6 million in 2009,
to US$2 126.8 million in 2011. The sector’s contribution to total export revenue
has also been on the rise, from 40.9% in
2009 to 47.3% in 2011, making mining the
leading export sector, followed by agriculture. Mineral exports continue to be dominated by Platinum Group of Metals (PGM),
gold and diamonds.
The mining sector, like other sectors, however, experienced a multiplicity of challenges, particularly during the period when
the economy was entrenched in a recession.
Following the adoption of the multicurrency
regime in 2009, the mining sector has, however, been on a recovery path, registering
positive growths of 13.3% in 2010 and
Source: Zimstat Quarterly Digest of Statistics, 4thQuarter2012
Source: Reserve Bank of Zimbabwe

2 4
The improved economic environment, over
the past four years, has supported the reopening of some formerly closed mines, leading
to an increase in mining output.
formance of the sector. Mineral prices were
depressed on account of subdued demand for
the metals, particularly in major metal consuming countries such as China, Japan and
the United States of America.
Source: BBC, KITCO and Bloomberg
Mineral

Gold (kgs)

Coal

Nickel

Platinum

Chrome Ore
(kilotons)

Black Granite (kilotons)

Palladium

Diamonds
(1000 carats)

Mineral Output for 2009-2011
Source: Ministry of Mines, Zimbabwe Chamber of Mines
Notwithstanding this potential, mineral output continues to be constrained by high costs
of production, lack of long term funding, low
investment in exploration, infrastructure
challenges, and obsolete machinery and
equipment.

In addition, declining international mineral
prices, particularly in the second quarter of
2012, also adversely impacted on the perThe mining industry has significant growth
potential given its geological competitiveness and huge mineral deposits still to be
tapped. There are vast prospective areas, both
at existing mines and in green field areas
where new discoveries are being found.

Huge investment opportunities exist throughout the whole mining cycle, from exploration, mining production, beneficiation, marketing and downstream industries. Opportunities also exist in joint venture partnerships
on existing low capacity running projects, as
well as in pursuing new ventures.

The mining sector’s potential also continues
STOCK MARKET DEVELOPMENTS

Most of Africa’s stock markets opened the
year 2013 with an impressive rally that is
expected to last up to the end of the first
quarter. There has been a significant growth
in the level of portfolio investment flowing
to most African countries largely being attracted by the above average returns obtaining in the African equities market.

This rally was also witnessed on the Zimbabwe Stock Exchange (ZSE), with significant increases in volumes and values traded.

The performance of the local bourse was further boosted by positive developments regarding the Draft Constitution, which improved foreign investor interest. Trading,
however, continued to be thin and concentrated in a few blue chip counters.

Trading volumes in January 2013 rose by
34.4%, from 123.8 million shares in the previous month to 166.4 million shares. Over
the same period last year, trading volumes
were recorded at 386.9 million shares, representing a 57% decline on a year-on-year basis. Market turnover for January 2013 increased to US$36.8 million, from US$25.8
million in December 2012. Compared to the
same period last year, however, turnover declined by 35.7%.

Participation by foreign investors improved
in January 2013, with net purchases amounting to US$16.7 million, compared to US$2.1
million in December 2012.

Between December 2012 and January 2013,
the industrial index gained 17.7% to end the
month at 179.34 points. On a year-on-year
basis, the industrial index gained 29.47%.
This was largely reflective of gains in blue
chip counters such as Delta and Econet.

The mining index also firmed by 18.95%,
from 65.12 points in December 2012 to

2 5
to be bolstered by the anticipated recovery in
demand for primary commodities, particularly in the country’s traditional destinations
for mineral exports in Europe, the US and the
Middle East.

The growth is, however, predicated upon a
stable macroeconomic environment, policy
consistency, reliable supply of electricity,
competitive and legislation, as well as availability of long term external credit lines.


Values Traded (US$ Millions)
Volumes Traded (Millions)
ZSE: Daily Volumes and Values
Traded
Volumes
Turnover

2 6
84.07 points in January 2013. The increase
was largely spurred by gains recorded in all
the mining counters. On a year-on-year basis,
the mining index gained 6.30%.

The gains recorded by the blue chip counters
raised the total market capitalization for the
ZSE to US$4.7 billion. This was highest
level recorded since the beginning of the
multicurrency era.

The outlook for the ZSE will continue to be
affected by liquidity constraints in the economy, as reflected by the low trading volumes.


MONETARY DEVELOPMENTS

Developments in the monetary sector have
continued to exhibit signs of contraction, in
line with the slowdown in economic activity. Annual broad money supply growth declined from 25.36% in December 2012 to
21.09% in January 2013. On a month on
month basis, monetary stock declined by
2.0%, from US$3 886.7 million in December 2012 to US$3 808.4 million.

Growth in broad money was weighed down by
a deceleration in the annual growth in demand
deposits, from 18% in December 2012 to 8.5%
in January 2013. Over the same period, savings and deposits with a maturity of less than
30 days also registered annual slowdowns,
from 53.4% and 17.1% to 28% and 12.7%,
respectively.

Deposits with a maturity greater than 30 days,
however, rose by 126% in January 2013, from

03-Jan-12
03-Feb-12
03-Mar-12
03-Apr-12
03-May-12
03-Jun-12
03-Jul-12
03-Aug-12
03-Sep-12
03-Oct-12
03-Nov-12
03-Dec-12
03-Jan-13
ZSE Indices
Industrial
Mining


Feb
Apr
Jun
Aug
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Dec
US$ Billions
%
Money Supply
M3
M3 Growth

3 7
mestic savings have been low in the multicurrency era partly due to low incomes and
depressed economic activity. Deposit expansion has been lagging behind credit
growth, resulting excess demand for credit.

Annual domestic credit growth increased by
0.3 percentage points, from 32.0% in December 2012 to 32.3% in January 2013. The
growth was sustained by increases in credit
to the private sector, which grew by 29.5% to
US$3 558.9 million in January 2013, from
US$2 748.2 million in January 2012.

Demand
53.3%
Under 30day
20.6%
Savings
10.7%
Long term
15.3%
Banking Sector Deposits
January 2013
Loans and
Advances
85.3%
Bil ls
Discounted
1.9%
Bankers
Acceptances
1.3%
Mortgages
7.8%
Other
Investments
3.7%
Credit to Private Sector
Total credit to the private sector as at the end of
January 2013 was US$3 558.9 million.
85.7% in December 2012. The high growth
in time deposits partly reflects the efforts
being made by deposit taking institutions to
attract long term deposits.

The bulk of the banking system’s deposits
are, however, largely short term, limiting
the level of long term credit available for
procurement of plant and equipment. DoCredit to the private sector, however, continued to be short term in nature and largely
channelled towards recurrent expenditures. As
at January 2013, credit from banks was utilised for recurrent expenditures, 78.4%; consumer durables, 14.5%; and capital expenditures, 5.1%.

Financing by banks was largely towards the
agricultural sector, 18.5%; manufacturing,
17.7%; and households, 15.9%. Mining and
construction industries, which require long
term financing accessed only 8.4% and 1.7%
of the cumulative credit to the private sector.

INFLATION DEVELOPMENTS

Annual Inflation
Inflation, as measured by the Consumer Price
Index (CPI) continued on a downward trend
in January 2013, on the back of slackening
domestic economic activity, tight liquidity
conditions and the weakening of the South
African rand. In this regard, annual inflation
declined from 2.9% in December 2012 to
2.51% in January 2013, its lowest since
March 2012.
To reflect changing expenditure patterns,
ZIMSTAT introduced a revised CPI basket
and rebased CPI figures to December 2012.
Notwithstanding this review, the general
movement in the price of goods and services
remains in the downward trajectory. As such,
the review in the weight of components has
had negligible effect on the inflation rate, so
far.
Both annual food and non-food inflation
slowed down, from 3.81% in December 2012
to 3.72% in January 2013, and 2.51% in December 2012 to 1.91% in January 2013, respectively.
Notably, the major contributors to annual food
inflation for January 2013 included bread and
cereals, vegetables, meat, and sugar, jam,
honey and confectionery subcategories.
Similarly, annual non-food inflation decelerated markedly, from 2.51% in December 2012
to 1.91% in January 2013.
Major drivers of non-food inflation for January
2013 include housing, water, electricity, gas
and other fuels, education, transport, alcoholic
beverages and tobacco as well as furniture and
equipment divisions.

Month-on-Month Inflation

Under the background of subsiding inflationary pressures in the economy, month-on-month
inflation, which decelerated from 0.134% in
November 2012 to 0.131% in December 2012,
declined further to 0.07% in January 2013.

Dec-10
Feb-11
Apr-11
Jun-11
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Annual Inflation
(%)
Headline Inflation
Food
Non Food

Monthly food inflation, however, rose to
0.32% in January 2013, from 0.29% in December 2012. The elevated monthly food inflation for January 2013, reflected increases
in the prices of cereals, as well as vegetables.
Prices for other food classes remained unchanged in January 2013, from the December
2012 prices.
Monthly non-food inflation, which declined
from 0.11% in November 2012 to 0.06% in
December 2012, decelerated further to
-0.06% in January 2013.
Inflation Outlook
Barring
significant
external
exogenous
shocks to the economy, particularly emanating from international oil prices, world food
prices and the US$/rand exchange rate, domestic inflation is expected to remain stable
in the medium to long term.

NATIONAL
PAYMENTS
SYSTEM
DEVELOPMENTS

During the month of January 2013, there was
a decrease in the transactional activities on
most payment streams except for cheques.
Zimbabwe Electronic Transfer Settlement
System (ZETSS)
The value of transactions processed through
the RTGS system decreased from US$3
584.7 million in December 2012 to US$3
563.8 million in January 2013, representing a
decline of 0.6%. Over the same period, however, the volume of transactions processed
through the RTGS system rose by 6%.
Card Systems


The total value of card based transactions
decreased by 17.6%, from US$308.9 million
in December to US$254.4 million in January


Jul-11
Sep-11
Nov-11
Jan-12
Mar-12
May-12
Jul-12
Sep-12
Nov-12
Jan-13
Value in US$ Billions
Volume in Thounsands
ZETSS Volumes and Values
Volume
Value

Mobile and Internet Based Transactions


The total value of mobile and internet based
transactions decreased by 6.9% to US$205.2
million in January 2013, from US$220.3 million recorded in December 2012.
Cheques

The total value of cheque transactions increased by 4%, from US$5 million in December 2012 to US$5.2 million in January
2013.

Reserve Bank of Zimbabwe
February 2013

STATISTICAL TABLES
CONTENTS

Table


. Monetary Statistics


1.1 Monetary Aggregates

1.2 Broad Money Survey

1.3 Analysis of Monthly Changes in Money Supply

1.4 Analysis of Yearly Changes in Money Supply

2. Sectoral Analysis of Bank Loans and Advances and Deposits


2.1 Sectoral Analysis of Commercial Banks Loans and Advances 17

2.2 Sectoral Analysis of Merchant Banks Loans and Advances

2.3 Sectoral Analysis of Merchant Acceptances

2.4 Sectoral Analysis of Commercial Banks Deposits

2.5 Sectoral Analysis of Merchant Banks Deposits

3. External Statistics


3.1 Total External Debt Outstanding by Debtor

4. Interest Rates


4.1 Lending Rates

4.2 Banks Deposit Rates

5. Inflation


5.1 Monthly Inflation

5.2 Yearly Inflation

6. Exchange Rates

STATISTICAL TABLES
CONTENTS

Table


. Commercial Banks


7.1 Assets

7.2 Liabilities

8. Accepting Houses


8.1 Assets

8.2 Liabilities

9. Building Societies


9.1 Assets

9.2 Liabilities

10. Zimbabwe Stock Exchange Statistics

11. Savings with Financial Institutions

12. Analysis of Liquid Assets of Monetary Banks

13. ZETSS, Cheques and Cards Activity

TABLE 1.1 : MONETARY AGGREGATES
US$ Thousands

February
March
April
May
June
July
August
September
October
November
December
January


RBZ Demand Deposits

Comm. Banks Dem. Deposits

Merchant Banks Dem. Deposits

Total Demand


Comm. Banks Savings Deposits

Building Soc. Savings Deposits

P O S B Savings Deposits

Comm. Banks U-30 Day Deposits

Merchant Banks U-30 Day
Deposits

Building Soc. U- 30 Day Deposits

Total Savings and Short term


Comm. Banks O-30 Day Deposits

Merchant Banks O-30 Day
Deposits

Building Soc. O- 30 Day Deposits

Building Soc. Class C Deposits


Building Soc. Other Share
Deposits

P O S B Time Deposits

Total Long term

Grand Total


TABLE 1.2 : BROAD MONEY SURVEY
US$ Thousands

FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY


NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs


NET DOMESTIC ASSETS

DOMESTIC CREDIT


Claims on Government (net)

RBZ

DMBs

OBIs


Claims on Public Enterprises

RBZ

DMBs


Agri-PEs

Other

OBIs


Claims on Private Sector

RBZ

DMBs

OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


TABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)
US$ Thousands

FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY


NET FOREIGN ASSETS


Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs


NET DOMESTIC ASSETS \3

DOMESTIC CREDIT

Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri-PEs

Other

OBIs

Claims on Private Sector

RBZ

DMBs

OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)

GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


1. Finance houses, building societies and P. O. S. B.
2. Sign reversal.
3. Net Domestic Assets consist of domestic credit and other items net.
TABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)


$ Thousands

FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER OCTOBER
NOVEMBER
DECEMBER
JANUARY


NET FOREIGN ASSETS

Assets

Reserve Bank (RBZ)

Deposit Money Banks (DMBs)

Other Banking Institutions (OBIs) \1

Liabilities \2

RBZ

DMBs

OBIs

NET DOMESTIC ASSETS \3

DOMESTIC CREDIT


Claims on Government (net)

RBZ

DMBs

OBIs

Claims on Public Enterprises

RBZ

DMBs

Agri
-PEs


Other


OBIs

Claims on Private Sector

RBZ

DMBs

OBIs


OTHER ITEMS (NET)


BROAD MONEY (M3)


GROWTH RATES


Broad Money (M3)

Domestic Credit

Claims on Private Sector


TABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES


US$ Thousands


AGRICULTURE
CONSTRUCTION
COMMUNICATION
DISTRIBUTION
FINANCIAL
&
FINANCIAL
MANUFACTURING
MINING
SERVICES TRANSPORT
INDIVIDUALS
CONGLOMERATES/1
TOTAL
END OF


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


1. These are large corporation with business operations covering across a number of sectors.
TABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES


US$ Thousands


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


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES


US$ Thousands


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


INVESTMENT ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

263’552.7

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS


US$ Thousands


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


INVESTMENTS
ORGANISATIONS

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


TABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES)


End Period

(US$ millions)


Long-Term External Debt


Government

Bilateral Creditors


Multilateral Creditors

Private Creditors

Public Enterprises

Bilateral Creditors

Multilateral Creditors

Private Creditors

Monetary Authorities

Multilateral Creditors - IMF

Private

Short-Term External Debt

1,348
2,040
Supplier's Credits

Reserve Bank

1,300
Private

Total External Debt/1


Gross Domestic Product

External Debt / GDP

/1 Total external debt excludes penalties


SOURCE: Ministry of Finance and Reserve Bank of Zimbabwe

TABLE 4.1 LENDING RATES (percent per annum)1

Commercial Banks
Merchant Banks


Weighted Average Lending
Rates3

Weighted Average Lending
Rates3


End Period
Nominal
Lending
Rates2
Individuals
Corporate
Nominal
Lending
Rates2
Individuals
Corporate

Mar


Apr


May


Jun


Jul


Aug


Sep


Oct


Nov


Notes


1. Table revised, to separate weighted lending rates for individuals and corporate bodies.

2. Nominal Lending Rates depict the range of rates quoted by banks.


3. Lending rates exclude rates on staff loans.
Dec


Jan


TABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1


COMMERCIAL BANKS
ACCEPTING HOUSES


END OF
SAVINGS
3 MONTHS
3 MONTHS

JANUARY
0.05-2.00
0.50-18.00
10.00-17.00
FEBRUARY
0.05-2.00
0.50-18.00
10.00-17.00
MARCH
0.05-2.00
0.50-16.00
10.00-17.00
APRIL
0.35-6.00
0.15-17.00
10.00-17.00
MAY
0.30-5.00
0.15-17.00
10.00-17.00
JUNE
0.15-5.00
0.15-17.00
10.00-17.00
JULY
0.15-5.00
0.10-17.00
10.00-17.00
AUGUST
0.15-5.00
0.10-17.00
11.00-17.00
SEPTEMBER
0.15-5.00
0.10-17.00
10.00-17.00
OCTOBER
0.15-5.00
0.10-17.00
10.00-17.00
NOVEMBER
0.15-5.00
0.10-17.00
10.00-17.00
DECEMBER
0.15-5.00
0.10-18.00
10.00-17.00


20122


JANUARY
0.15-5.00
5.00-18.00
10.00-17.00
FEBRUARY
0.15-5.00
5.00-18.00
10.00-17.00
MARCH
0.01-12.00
5.00-20.00
7.00-17.00
APRIL
0.00-12.00
5.00-20.00
8.00-17.00
MAY
0.00-12.00
5.00-20.00
6.00-17.00


1.
The range of rates qouted by banks during the period.
2.
Three (3) months deposit rates revised to exclude rates on inactive or dormant
accounts.


JUNE
0.00-12.00
5.00-20.00
6.00-17.00
JULY
0.00-12.00
5.00-20.00
6.00-17.00
AUGUST
0.00-12.00
5.00-20.00
6.00-17.00
SEPTEMBER
0.00-12.00
5.00-20.00
6.00-17.00
OCTOBER
0.00-12.00
5.00-20.00
6.00-17.00
NOVEMBER
0.15-8.00
4.00-20.00
6.00-17.00
DECEMBER
0.15-8.00
4.00-20.00
6.00-17.00

JANUARY
0.15-8.00
4.00-20.00
6.00-17.00

TABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
( 2012 = 100)
1. Source: ZIMSTATS

NON-FOOD INFLATION
FOOD
INFLATION
ALL

ALCOHOLIC
BEVERCLOTHING
HSING,
WATER,
FURNITURE FURNISH, HSE HEALTH TRANSPORT
COMMUNICATION
RECREATION & EDUCATION
RESTAURANTS &
MISC.
TOTAL
NON
FOOD &
ITEMS

& TOBACCO
FOOTWEAR
ELECTRICTY,
GAS
AND
EQUIP AND
ROUTINE


CULTURE

HOTELS
GOODS &
FOOD
NON
ALCOHOLIC
BEVERAGES


& OTHER
EQUIPMENT
MAINTENANCE


SERVICES


FUELS


WEIGHTS


JANUARY


TABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \1
(2012 = 100)
1. Source: ZIMSTATS

NON-FOOD INFLATION
FOOD
INFLATION
ALL

ALCOHOLIC
BEVERCLOTHING
HSING,
WATER,
FURNITURE
FURNISH,
HSE
HEALTH
TRANSPORT
COMMUNICATION
RECREATION &
EDUCATION
RESTAURANTS &
MISC.
TOTAL
NON
FOOD &
ITEMS

& TOBACCO
FOOTWEAR
ELECTRICTY, GAS
AND
EQUIP AND
ROUTINE


CULTURE
HOTELS
GOODS &
FOOD
NON ALCOHOLIC
BEVER-


& OTHER
EQUIPMENT
MAINTENANCE


SERVICES


FUELS


WEIGHTS


JANUARY


TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES


SA
BW
JAPANESE
EUROPEAN
POUND
END OF
RAND/1
PULA/1
YEN/1
CURRENCY/2
STERLING/2

JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER


JANUARY


1. Foreign currency per US Dollar.


2. US Dollar per unit of foreign currency.

TABLE 7.1: COMMERCIAL BANKS - ASSETS


US$ Millions


Liquid Assets


Securities


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other Balances Advances
Assets
Assets
Assets
Assets

&
Balances
Balances
Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury Agric PEs
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug 331.2

Sep

Oct

Nov

Dec


Jan


TABLE 7.2: COMMERCIAL BANKS - LIABILITIES
US$ Millions


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Of which


and
Liabilities Liabilities Liabilities Liabilities
to the
End of
Demand
Savings and
Short-term
Long-term
Total
Foreign
Liabilities
RBZ
Other Banks Reserves


Public


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 8.1 : ACCEPTING HOUSES - ASSETS
US$ Millions


Liquid Assets


Loans & Contingent
Other
Non Financial
Total
End of
Notes


Total
Other
Balances Advances
Assets
Assets
Assets
Assets

&
Balances Balances Balances


Liquid
with RBZ


Coin
with
with Other
at
Trade
Treasury
Assets


at Banks
RBZ
Banks
Foreign
Banks
Bills
Bills

Jan

Feb

Mar

Apr

May

June

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 8.2 : ACCEPTING HOUSES - LIABILITIES
US$ Millions


Of which


Deposits


Amounts Owing to
Capital
Contingent
Other
Total
Liabilities to the


and
Liabilities
Liabilities
Liabilities
Public
End of Demand Savings and
Short-term
Long-term
Total
Foreign
Liabilities
RBZ
Other
Banks
Reserves


Deposits

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 9.1 : BUILDING SOCIETIES - ASSETS
US$ Millions


Liquid Assets


Notes
Balances
Trade
Treasury
Total
Mortgage
Other
Other
Non Financial
Total
End of
&
with Other
Bills
Bills
Liquid
Advances
Advances
Assets
Assets
Assets

Coin
Banks


Assets


at Banks

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec


Jan


TABLE 9.2 : BUILDING SOCIETIES - LIABILITIES
US$ Millions


Of which

Deposits
Capital
Other
Total
Liabilities to the


and
Liabilities
Liabilities
Public
End of
Savings and
Short-term
Long-term
Total
Reserves


Deposits

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


Table 10: ZIMBABWE STOCK MARKET STATISTICS


Indices
US$ Millions

Industrial
Mining
Market Capitalisation

May
163.37
197.37
4,191.00
Jun
167.18
171.32
4,267.14
Jul
163.69
160.17
4,172.70
Aug
160.53
164.52
4,145.36
Sep
155.82
152.42
3,984.47
Oct
143.58
131.75
3,656.60
Nov
144.98
115.47
3,677.60
Dec
145.86
100.70
3,689.70

Jan
138.52
79.09
3,422.20
Feb
146.03
95.39
3,696.60
Mar
136.76
85.01
3,458.10
Apr
129.55
97.15
3,303.40
May
132.03
83.73
3,351.20
Jun
131.96
75.70
3,341.46
Jul
132.92
112.12
3,445.93
Aug
132.27
89.04
3,434.00
Sep
146.00
96.00
3,822.80
Oct
154.47
93.66
4,033,76
Nov
150.16
68.74
3,890.9
Dec
152.40
65.12
3,963.50


Source: Zimbabwe Stock Exchange (ZSE)

Jan
179.34
84.07
4,700.33

TABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS


US$ Millions


Commercial
Merchant

Building

End of
Banks
Banks
Other/2
Societies
TOTAL

May

June

July

August

September

October

November

December


January

February

March

April

May

June

July

August

September

October

November

December


1/ Comprises all deposits other than demand deposits.
2/ Includes People’s Own Savings Bank (POSB).

January


TABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS


US$ Millions


Commercial Banks
Accepting Houses


Liquid
Prescribed
Excess
Liquid
Prescribed
Excess

assets
liquid
liquid
assets
liquid
Liquid
End of
held
assets/1
assets
held
assets/1
assets

January

February

March

April

May

June

July

August

September

October

November

December


January

February

March

April

May

June

July

Aug

September


1/ With effect from 1 August 2010, the prescribed liquid asset ratio was reviewed from 10% to 20% of liabilities to the public.
October

November

December


January


TABLE 13 : ZETSS, CHEQUES AND CARDS ACTIVITY.
US$ Millions
MONTH
ZETSS VALUES
CHEQUE VALUES
CARD VALUES
MOBILE & INTERNET

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual Total


Jan
3,563.8
5.2
254.4
205.2