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+{"doc_id": "06164f85281588bacb43a828e4ae125f", "text": "QUARTERLY \nECONOMIC \nREVIEW \n \n \n \nMARCH 2025 \n \nCONTENTS \n1. OVERVIEW ....................................................................................................... 1 \n2. INTERNATIONAL DEVELOPMENTS ........................................................ 2 \n3. DOMESTIC ECONOMIC DEVELOPMENTS ...........................................10 \n4. MONETARY DEVELOPMENTS .................................................................18 \n5. STOCK MARKET DEVELOPMENTS ........................................................20 \n6. PAYMENT, CLEARING AND SETTLEMENT ACTIVITIES ................23 \n7. FISCAL DEVELOPMENTS ..........................................................................25 \n \n \n \n \n \n \n \n \n \n \n \n \nii \n \nList of Figures \n \nFigure 1: Precious Minerals Prices (US$/ounce): March 2022 – March 2025 ............................... 4 \nFigure 2: Base Metal Prices (US$/tonne): March 2022 – March 2025 .......................................... 5 \nFigure 3: Lithium Prices (US$/tonne): March 2023 – March 2025................................................ 6 \nFigure 4: Brent Crude Oil Prices (US$/barrel): March 2022 – March 2025 .................................. 6 \nFigure 5: Official and Parallel Market Exchange Rates April 2024 – March 2025 ....................... 7 \nFigure 6: Quarterly Merchandise Total Trade (US$m) .................................................................. 7 \nFigure 7: Quarterly Merchandise Exports (US$m) ......................................................................... 8 \nFigure 8: Major Merchandise Export Destination .......................................................................... 9 \nFigure 9: Quarterly Merchandise Imports (US$m) ......................................................................... 9 \nFigure 10: Major Merchandise Import Source.............................................................................. 10 \nFigure 11: Merchandise Trade Balance (US$m) .......................................................................... 10 \nFigure 12: Quarterly Trends in Platinum and Palladium Output (kg) .......................................... 14 \nFigure 13: Quarterly Trends in Rhodium Output (kg) .................................................................. 14 \nFigure 14: Quarterly Trends in Nickel Output (mt) ...................................................................... 14 \nFigure 15: Quarterly Trends in Diamond Output (carats) ............................................................ 15 \nFigure 16: Quarterly Trends in Chrome Ore Output (Tonnes) ..................................................... 15 \nFigure 17: Quarterly trends in coal output .................................................................................... 16 \nFigure 18: Lithium production 2024 and 2024 ............................................................................. 16 \nFigure 19: Quarterly Power Output by IPPs ................................................................................. 17 \nFigure 20: Monthly US$ Inflation Profile (%) ............................................................................. 18 \nFigure 21: Annual US$ Inflation Profile (%) ............................................................................... 18 \nFigure 22: Broad Money Developments (ZiG billion) ................................................................. 19 \nFigure 23: Distribution of Private Sector Credit ........................................................................... 19 \nFigure 24: Interest Rates Developments (%) ................................................................................ 20 \nFigure 25: ZSE All Share, Top 10 and Mining Indices ................................................................ 21 \nFigure 26: ZSE Market Turnover ................................................................................................. 21 \nFigure 27: ZSE Market Capitalisation (ZiG millions) .................................................................. 22 \nFigure 28: Victoria Falls Stock Exchange All Share Index .......................................................... 22 \nFigure 29 VFEX Market Capitalization in billions of US$ .......................................................... 22 \nFigure 30: Values (ZiG) and Volumes of RTGS Transactions from Q2 2024 to Q1 2025 .......... 23 \nFigure 31: Retail Transaction Values (ZiG) from Q2 2024 to Q1 2025 ....................................... 24 \nFigure 32: Retail Transaction Volumes from Q2 2024 to Q1 2025 ............................................. 24 \nFigure 33: Collateral Amounts (ZiG) from Q2 2024 to Q1 2025 ................................................. 24 \nFigure 34: Government Revenue Structure: First quarter 2025.................................................... 26 \nFigure 35: Government Expenditure, First Quarter 2025 ............................................................. 26 \nFigure 36: Budget balance (ZWG billion) .................................................................................... 27 \n \n \n \niii \n \nList of Tables \n \nTable 1: Global and Regional Economic Growth & Outlook (%).................................................. 2 \nTable 2: International Commodity Prices: January – March 2025 ................................................. 4 \nTable 3: Quarterly Merchandise Exports (US$m) .......................................................................... 8 \nTable 4: Quarterly Merchandise Imports (US$m) ........................................................................ 9 \nTable 5: Area under selected key crops (ha) ................................................................................. 11 \nTable 6: Quarterly Cattle Slaughters ............................................................................................. 12 \nTable 7: Quarterly Pig Slaughters ................................................................................................. 12 \nTable 8: First Quarter Milk Output (million litres) in 2024 and 2025 .......................................... 12 \nTable 9: Quarterly Mineral Output Statistics ................................................................................ 13 \nTable 10: Quarterly Gold Deliveries to FGR for 2024 and 2025 (kg).......................................... 13 \nTable 11: Quarterly Power Output. ............................................................................................... 16 \nTable 12: Monthly Inflation Profiles (%) ..................................................................................... 17 \nTable 13: Key Stock Market Indicators ........................................................................................ 20 \nTable 14: Consolidated Transactional Activities for the First Quarter 2025 ................................ 23 \nTable 15: Payment Systems Access Points and Devices for the First Quarter of 2025................ 25 \nTable 16: Summary of first Quarter 2025 Fiscal Position ............................................................ 25 \nTable 17: Summarised Government Spending (ZiG milions) ..................................................... 26 \n \n \n \n \n \n \n1 \n \n1. \nOVERVIEW \nThe global economy is facing weakened \neconomic prospects due to escalating trade \ntensions and policy uncertainty. The IMF projects \nglobal growth to decline from an estimated 3.3% \nin 2024 to 2.8% in 2025 before a slight rebound \nin 2026. Global headline inflation is expected to \ndecrease, but at a slower pace than previously \nanticipated, averaging 4.3% in 2025 and 3.6% in \n2026. \n \nThe tight monetary policy stance that continued in \nthe first quarter of 2025 has resulted in a stable \nmacroeconomic environment, characterised by a \nmarked \ndeceleration \nin \nprices. \nThis \nis \nnotwithstanding a once-off shock in January \n2025. Monthly ZiG inflation decelerated by 3.7 \npercentage points from 3.7% in December 2024 to \n-0.1% in March 2025, driven by both food and \nnon-food inflation. \n \nThe US$ month-on-month inflation rate also \nreceded from 0.6% recorded in December 2024 to \n0.1% in March 2025. The end period willing-\nbuyer willing-seller (WBWS) interbank exchange \nrate depreciated by 3.77%, from US$1: ZiG25.80 \nrecorded in the previous quarter to US$1: \nZiG26.77 during the first quarter of 2025. \n \nThe country’s exports in the first quarter of 2025, \namounted to US$1.75 billion against an import \nbill US$2.29 billion. The country’s trade deficit \nwidened from US$381.8 million in the fourth \nquarter of 2024 to US$543.0 million during the \nfirst quarter of 2025. \n \nBroad money stock (M3) stood at ZiG91.53 \nbillion in March 2025, reflecting a quarter-on-\nquarter growth of 4.67% from ZiG87.45 billion \nrecorded in December 2024.This emanated from \ngrowth in both foreign currency and local \ncurrency components of broad money. The \ngrowth of 4.67% was 11.92 percentage points \nlower than the 16.62% recorded in the fourth \nquarter of 2024. Foreign currency deposits \naccounted for 82.41% of broad money, followed \nby local currency deposits constituting 17.48%, \nand currency in circulation constituting a balance \nof 0.12%. \n \nOn the capital markets, the ZSE traded in a \nnegative trajectory, resulting in major indices \nregistering losses during the first quarter of 2025. \nConsequently, the All-Share index declined by \n5.67% to close at 205.25. In contrast, the VFEX \nexhibited bullish sentiments, with the VFEX All \nShare index gaining 4.12% to close at 110.32 \npoints. \n \nThe value of electronic transactions processed \nthrough the National Payment Systems (NPS) \ninfrastructure decreased from ZiG583.14 billion \nin the fourth quarter of 2024 to ZiG532.61 billion \nduring the first quarter of 2025. Similarly, NPS \ntransaction volumes also decreased from 188.64 \nmillion to 174.41 million during the same period. \n \n \n \n2 \n \n \n \n \n2. \nINTERNATIONAL DEVELOPMENTS \nGlobal growth is projected to decline from an \nestimated 3.3% in 2024 to 2.8% in 2025, before \nrebounding to 3% in 2026. The figures represent \ndownward revision from the January 2025 World \nEconomic Outlook (WEO) Update, with 0.5 and \n0.3 percentage point reductions for 2025 and \n2026, respectively, driven by weaker forecasts for \nmost countries. The downgrades are a result of the \nimpact of newly imposed trade measures, \ncompounded by their spillover through global \nsupply chains, increasing policy uncertainty, and \ndeclining business and consumer sentiment. \n \nTable 1: Global and Regional Economic \nGrowth & Outlook (%) \nRegion/Country \n2024 \nEst. \n2025 \nProj. \n2026 \nProj. \nWorld Output \n3.3 \n2.8 \n3.0 \nAdvanced Economies \n1.8 \n1.4 \n1.5 \n USA \n2.8 \n1.8 \n1.7 \n Euro-Area \n0.9 \n0.8 \n1.2 \n United Kingdom \n1.1 \n1.1 \n1.4 \nEmerging Markets & \nDeveloping Economies \n4.3 \n3.7 \n3.9 \n Emerging and \nDeveloping Asia \n5.3 \n4.5 \n4.6 \n China \n5.0 \n4.0 \n4.0 \n India \n6.5 \n6.2 \n6.3 \n Emerging and \nDeveloping Europe \n3.4 \n2.1 \n2.1 \n Russia \n4.1 \n1.5 \n0.9 \nSub Saharan Africa \n4.0 \n3.8 \n4.2 \n Nigeria \n3.4 \n3.0 \n2.7 \n South Africa \n0.6 \n1.0 \n1.3 \n Zimbabwe \n2.0 \n6.0 \n5.0 \nSource: IMF WEO: April 2025 Update \nGrowth in advanced economies is expected to \ndecline from an estimated 1.8% in 2024 to 1.4% \nin 2025, followed by a slight increase to 1.5% in \n2026. Real growth for the US economy is \nforecasted to slow to 1.8% in 2025. In 2026, \ngrowth is projected to moderate further to 1.7%, \nsupported by moderate private consumption \ndespite continued tariff pressures. \n \nGrowth in the euro area is anticipated to decrease \nslightly to 0.8% in 2025, before modestly \nrebounding to 1.2% in 2026. Factors supporting \nthe modest recovery in 2026 include stronger \nconsumption, fuelled by rising real wages and a \nprojected fiscal easing in Germany after \nsignificant revisions to its fiscal rule. \n \nGrowth is expected to decline in emerging market \nand developing economies to 3.7% in 2025 and \n3.9% in 2026, following an estimated 4.3% in \n2024. After a significant slowdown in 2024, \ngrowth in emerging and developing Asia is \nprojected to decline further to 4.5% in 2025 and \n4.6% in 2026. \n \nChina’s GDP growth for 2025 has been revised \ndownward to 4.0% from 4.6% in the January 2025 \nWEO Update. This adjustment reflects the effects \nof recently imposed tariffs, which have countered \nthe stronger carryover from 2024. Growth for \n2026 has also been adjusted downward to 4.0%, \nfrom 4.5% in the January 2025 WEO Update, \nprimarily due to the ongoing trade policy \nuncertainty and the existing tariffs. \n \nIn emerging and developing Europe, growth is \nexpected to slow significantly, declining from \n3.4% in 2024 to 2.1% in both 2025 and 2026. This \nslowdown is largely driven by a sharp decrease in \n3 \n \n \n \n \ngrowth in Russia, which is projected to fall from \n4.1% in 2024 to 1.5% in 2025 and 0.9% in 2026. \n \nIn sub-Saharan Africa, growth is projected to \ndecline slightly from 4% in 2024 to 3.8% in 2025, \nwith a modest recovery to 4.2% in 2026. Nigeria's \ngrowth forecast has been revised downward by \n0.2 percentage points for 2025 and 0.3 percentage \npoints for 2026, primarily due to lower oil prices. \nSimilarly, South Africa's growth forecast has \nbeen adjusted downward by 0.5 percentage points \nfor 2025 and 0.3 percentage points for 2026. This \nreflects slowing momentum from a weaker-than-\nexpected 2024 outturn, deteriorating sentiment \ndue to heightened uncertainty, the intensification \nof protectionist policies, and a deeper slowdown \nin major economies. \n \nGlobal Inflation \nGlobal headline inflation is projected to decrease \nat a slightly slower pace than previously \nanticipated, averaging 4.3% in 2025 and 3.6% in \n2026. The inflation forecasts for advanced \neconomies have been revised and are notably \nhigher, while those for emerging market and \ndeveloping economies have been trimmed down \nfor 2025. \n \nRisks \nIntensifying downside risks dominate the global \neconomic landscape. Escalating trade tensions \nand heightened trade disputes coupled with \nelevated policy uncertainty threaten to reduce \ngrowth further, while weakened fiscal and \nmonetary buffers leave the countries more \nvulnerable to shocks. This may cause major \nfluctuations in exchange rates and capital flows, \nparticularly for debt-stressed economies which \nmay result in broader financial instability, \npotentially \nundermining \nthe \ninternational \nmonetary system. \n \nIn addition, escalating geopolitical tensions could \nexacerbate risks, leading to increased commodity \nprices. The ongoing conflicts in the Middle East \nand Ukraine may directly affect food and energy \nprices, as well as disrupt trade routes. \n \nOpportunities \nOn the upside, a de-escalation in the current \ntit-for-tat tariff hikes and new trade agreements \ncould lift global growth. \n \nINTERNATIONAL COMMODITY PRICE \nDEVELOPMENTS \nInternational \ncommodity \nprices \nfor \ngold, \nplatinum, copper, lithium and crude oil increased \nduring the first quarter of 2025, while palladium \nand nickel prices declined during the same period. \nTable 2 shows the evolution of selected \ncommodity prices during the quarter under \nreview. \n \n \n \n \n \n4 \n \n \n \n \nTable 2: International Commodity Prices: \nJanuary – March 2025 \n \n2024 Q4 \nAverage \nJan-25 \nFeb-25 \nMar-25 \n2025 Q1 \nAverage \nChanges \n(Q4 - \nQ1) (%) \nGold \n(US$/oz) \n2,663.21 \n2,707.74 \n2,896.38 \n2,983.42 \n2,862.51 \n7.48 \nPlatinum\n(US$/oz) \n967.91 \n948.45 \n975.53 \n980.45 \n968.14 \n0.02 \nPalladiu\nm(US$/o\nz) \n1,010.63 \n952.01 \n975.08 \n957.58 \n961.56 \n-4.86 \nCopper \n(US$/ton\nne) \n9,300.33 \n9,108.02 \n9,406.75 \n9,764.52 \n9,426.43 \n1.36 \nNickel \n(US$/ton\nne) \n16,213.37 \n15,610.91 \n15,497.65 \n16,259.24 \n15,789.27 \n-2.62 \nLithium \n(US$/ton\nne) \n9,393.30 \n10,025.00 \n10,350.00 \n9,534.47 \n9,969.82 \n6.14 \nCrude \nOil \n(US$/bar\nrel) \n73.87 \n77.79 \n74.57 \n71.02 \n74.46 \n0.8 \nSource: World Bank and Bloomberg, 2025 \n \nCommodity price developments were mainly \ninfluenced by escalating global trade wars during \nthe review period. \n \nGold \nGold prices increased by 7.48% to US$2,862.51 \nper ounce in the first quarter of 2025, from an \naverage of US$2,663.21 per ounce reported in the \nfourth quarter of 2024. The surge in price was \nfuelled by rising global tensions, trade policy \nuncertainties due to U.S tariff threats, higher U.S \ninflation, declining U.S treasury yields, and \nanticipated economic policy changes, which \nultimately boosted gold's safe-haven appeal. \n \nPlatinum \nPlatinum prices were relatively steady during the \nfirst quarter of 2025, recording marginal increase \nof 0.02% to US$968.14 per from an average of \nUS$967.91 per ounce recorded in the previous \nquarter. The marginal gain in quarterly average \nprice was supported by a weaker U.S dollar, \nboosting dollar-denominated commodities, and \nhigher industrial demand. \n \nPalladium \nPalladium \nprices \nfell \nby \n4.86%, \nfrom \nUS$1,010.63 per ounce in the fourth quarter of \n2024, to US$961.56 per ounce during the first \nquarter of 2025. Palladium prices developments \nduring the quarter under review were influenced \nby ongoing geopolitical tensions, amid United \nStates of America imposed sanctions on Russia a \nkey producer of palladium. \n \nDevelopments in precious metal prices for the \nperiod March 2022 to March 2025 are shown in \nFigure 1. \n \nFigure \n1: \nPrecious \nMinerals \nPrices \n(US$/ounce): March 2022 – March 2025 \n \nSource: Bloomberg, 2025 \n800\n850\n900\n950\n1,000\n1,050\n500\n800\n1,100\n1,400\n1,700\n2,000\n2,300\n2,600\n2,900\n3,200\nMar-22\nJun-22\nSep-22\nDec-22\nMar-23\nJun-23\nSep-23\nDec-23\nMar-24\nJun-24\nSep-24\nDec-24\nMar-25\nGold\nPalladium\nPlatinum (RHS)\n5 \n \n \n \n \nCopper \nCopper prices increased by 1.36%, from \nUS$9,300.33 per tonne in the previous quarter to \nUS$9,426.43 per tonne during the first quarter of \n2025. Copper prices benefitted from tighter \nsupply conditions on the back of disruptions in \nChile, the world’s top producer. In addition, \nincreased demand, tighter supply and economic \nuncertainty also buoyed copper prices during the \nperiod under review. \n \nNickel \nNickel prices registered a 2.62% decline to \nUS$15,789.27 per tonne during the first quarter of \n2025, from a quarterly average of US$16,213.37 \nper tonne in the prior quarter. Nickel prices fell \ndue to stricter mining quotas in Indonesia which \naffected supply. In addition, reduced demand \nfrom \nChinese battery \nmanufacturers, \nwho \nincreasingly \nshifted \ntoward \nlow-nickel \ntechnologies. \n \nFigure 2 depicts developments in base metal \nprices from March 2022 to March 2025. \n \n \n \n \n \n \n \n \n \n \n \nFigure 2: Base Metal Prices (US$/tonne): \nMarch 2022 – March 2025 \n \nSource: Bloomberg, 2025 \n \nLithium \nLithium prices surged by 6.14%, from an average \nof US$9,393.30 per ounce in the previous quarter \nto US$9,969.82 per ounce during the reporting \nperiod. The price increase was driven by \nanticipated supply cuts and strong demand, \nespecially from electric vehicle (EV) batteries and \nenergy storage systems. Figure 3 shows \ndevelopments in lithium prices from March 2023 \nto March 2025. \n \n \n \n \n \n \n \n0\n5,000\n10,000\n15,000\n20,000\n25,000\n30,000\n35,000\n0\n2,000\n4,000\n6,000\n8,000\n10,000\n12,000\nMar-22\nJun-22\nSep-22\nDec-22\nMar-23\nJun-23\nSep-23\nDec-23\nMar-24\nJun-24\nSep-24\nDec-24\nMar-25\nCopper\nNickel (RHS)\n6 \n \n \n \n \nFigure 3: Lithium Prices (US$/tonne): March \n2023 – March 2025 \nSource: Bloomberg, 2025 \nBrent Crude Oil \nBrent crude oil prices registered a marginal \nincrease of 0.8%, from US$73.87 per barrel in the \nprevious quarter to US$74.46 per barrel in the \nquarter under review. The increase in prices was \nattributed to U.S. sanctions on Russia's energy \nsector that raised concerns of potential supply \nshortages, as well as trade policy disruptions \naffecting China, the top crude oil importer, and \nother key importing countries. Figure 4 illustrates \ndevelopments in crude oil prices for the period \nfrom March 2022 to March 2025. \n \n \n \n \n \n \n \n \nFigure 4: Brent Crude Oil Prices (US$/barrel): \nMarch 2022 – March 2025 \nSource: Bloomberg, 2025 \n \nEXCHANGE RATE DEVELOPMENTS \nThe end period willing-buyer willing-seller \n(WBWS) interbank exchange rate depreciated by \n3.77%, from US$1: ZiG25.80 recorded in the \nprevious quarter to US$1: ZiG26.77 during the \nfirst quarter of 2025. The exchange rate premium \nsignificantly narrowed from 42% at the close of \nthe fourth quarter of 2024, to 23% for the quarter \nunder review. \n \nFigure 5 shows developments in exchange rates \nfrom April 2024 to March 2025. \n \n \n \n -\n 10,000\n 20,000\n 30,000\n 40,000\n 50,000\n 60,000\n 70,000\n 80,000\nMar-23\nJun-23\nSep-23\nDec-23\nMar-24\nJun-24\nSep-24\nDec-24\nMar-25\n20\n30\n40\n50\n60\n70\n80\n90\n100\n110\n120\nMar-22\nJun-22\nSep-22\nDec-22\nMar-23\nJun-23\nSep-23\nDec-23\nMar-24\nJun-24\nSep-24\nDec-24\nMar-25\n7 \n \n \n \n \nFigure 5: Official and Parallel Market \nExchange Rates April 2024 – March 2025 \n \nSource: Reserve Bank of Zimbabwe, 2025 \n \nMERCHANDISE TRADE DEVELOPMENTS \nDuring the first quarter of 2025, the country’s \ntotal merchandise trade amounted to US$4.04 \nbillion, representing an 18.8% decrease from \nUS$4.97 billion recorded in the fourth quarter of \n2024. The decline in total merchandise trade was \nprimarily on account of a significant dip in both \nmerchandise exports and imports during the \nquarter under analysis. \n \nFigure \n6 \nshows \ntotal \nmerchandise \ntrade \ndevelopments during the fourth quarter of 2024 \nand the first quarters of 2024 and 2025, \nrespectively. \n \n \n \nFigure 6: Quarterly Merchandise Total Trade \n(US$m) \nSource: ZIMSTAT,2025 \n \nOn an annual basis, total merchandise trade \nimproved by 4.4%, from US$3.87 billion in the \nfirst quarter of 2024, to US$4.04 billion in the first \nquarter \nof \n2025. \nThe \nimprovement \nwas \nunderpinned by an increase in both imports and \nexports during the reporting quarter. \n \nMerchandise Export Developments \nThe country’s exports for the first quarter of 2025 \ntotalled US$1.75 billion, representing a 23.9% \ndecline from US$2.30 billion recorded in the \nfourth quarter of 2024. On the other hand, the \noutturn was 1.5% greater than the US$1.72 billion \nrealized in the comparable quarter in 2024, as \nshown in Figure 7. \n \n \n \n \n0%\n10%\n20%\n30%\n40%\n50%\n60%\n70%\n0.0\n5.0\n10.0\n15.0\n20.0\n25.0\n30.0\n35.0\n40.0\n30-Apr-24\n31-May-24\n30-Jun-24\n31-Jul-24\n31-Aug-24\n30-Sep-24\n31-Oct-24\n30-Nov-24\n31-Dec-24\n31-Jan-25\n28-Feb-25\n31-Mar-25\nPREMIUM (RHS)\nOFFICIAL RATES\nPARALLEL RATES (Transfer)\n3,865.0 \n4,973.3 \n4,036.0 \n -\n 1,000.0\n 2,000.0\n 3,000.0\n 4,000.0\n 5,000.0\n 6,000.0\n2024Q1\n2024Q4\n2025Q1\n8 \n \n \n \n \nFigure 7: Quarterly Merchandise Exports \n(US$m) \nSource: ZIMSTAT, 2025 \n \nThe increase in merchandise exports in the first \nquarter of 2025, from the corresponding quarter of \n2024 was largely driven by increased exports of \ngold and coal. \n \nTable 3 shows developments in the country’s \nexports for the first quarter of 2024 and first \nquarter of 2025. \n \n \n \n \n \n \nTable 3: Quarterly Merchandise Exports \n(US$m) \n2024Q1 \n(USm) \n2025Q1 \n(USm) \n2024Q1 \nto \n2025Q1 \nChanges \n(%) \nTotal \n1,720.60 \n1,746.50 \n1.5 \n Gold \n385.1 \n755.2 \n96.1 \nTobacco (inc \ncigarettes) \n427.3 \n321.8 \n-24.7 \nPGMs \n413.8 \n276.4 \n-33.2 \nFerrochrome \n75.4 \n64.6 \n-14.3 \nCoal \n31.6 \n52.8 \n67.1 \nDiamonds \n95.4 \n29.8 \n-68.8 \nChrome \n31.2 \n28.7 \n-8.0 \nElectricity \n6.8 \n7.8 \n14.7 \nOthers \n218.2 \n99.6 \n-54.4 \nSource: ZIMSTAT & RBZ Calculations, 2025 \n \nMajor Merchandise Export Destinations \nDuring the period under analysis, the country’s \nexports were mainly destined for the United Arab \nEmirates, South Africa and China which \naccounted for 42.9%, 23.2% and 18.1% of the \ncountry’s exports, respectively. Other notable \nexport \ndestinations \nincluded \nMozambique, \nZambia and various other countries, collectively \ncontributing approximately 10.3% of total \nexports. Figure 8 depicts the country’s top export \ndestinations for the first quarter of 2025. \n \n \n \n \n1,720.6 \n2,295.8 \n1,746.5 \n0\n500\n1,000\n1,500\n2,000\n2,500\n2024Q1\n2024Q4\n2025Q1\n9 \n \n \n \n \nFigure \n8: \nMajor \nMerchandise \nExport \nDestination \n \n Source: ZIMSTAT & RBZ Computation, 2025 \n \nMerchandise Import Developments \nDuring the first quarter of 2025, the country’s \nimport bill totalled US$2.29 billion, down by \n14.5% from US$2.68 billion recorded in the prior \nquarter. \n \nYear-on-year, merchandise imports for the period \nunder review were 6.8% higher than the US$2.14 \nbillion in the comparable quarter in 2024. The \nincrease was driven by higher volumes of food, \nfuel, raw materials, and vehicle imports. The \nincrease in food imports was largely due to \nincreased maize imports, following a sub-optimal \n2023/24 agricultural production season, following \nthe El Niño-induced drought \n \nFigure \n9 \nshows \nthe \nmerchandise \nimport \ndevelopments for the first and fourth quarters of \n2024, and the first quarter of 2025. \nFigure 9: Quarterly Merchandise Imports \n(US$m) \n \nSource: ZIMSTAT, 2025 \nIn the first quarter of 2025, Zimbabwe’s imports \nwere mainly driven by industrial supplies, which \nare essential for manufacturing processes as they \ninclude \nraw \nmaterials, \ncomponents, \nand \nmachinery needed for production. Other major \nimport categories included fuel and lubricants, as \nwell as capital goods, as shown in Table 4. \n \nTable 4: Quarterly Merchandise Imports \n(US$m) \n \n2024Q1 \n(USM) \n2025Q1 \n(USM) \n24Q1/25Q1 \nChanges (%) \nTotal \n2,144.40 \n2,289.50 \n6.8 \n Industrial \nSupplies \n767.7 \n816.6 \n6.4 \n Fuels and \nLubricants \n420.9 \n437.8 \n4.0 \n Capital Goods \n419.3 \n417 \n-0.5 \nFood and \nBeverages \n179.4 \n242.9 \n35.4 \nTransport \nEquipment, Parts \nand Accessories \n213 \n223.9 \n5.1 \nConsumer \nGoods \n120.7 \n130.3 \n8.0 \nOther \n23.3 \n21 \n-9.9 \nSource: ZIMSTAT & RBZ Computations, 2025 \n42.9\n23.2\n18.1\n3.1\n1.6\n1.6\n1.3\n1.1\n0.9\n0.8\n0.0\n10.0\n20.0\n30.0\n40.0\n50.0\nUnited Arab Emirates\nSouth Africa\nChina\nMozambique\nBelgium\nZambia\nNetherlands\nIndia\nIndonesia\nItaly\n2,144.4\n2,677.5\n2,289.5\n2 0 2 4 Q1\n2 0 2 4 Q4\n2 0 2 5 Q1\n10 \n \n \n \n \nMajor Import Sources \nThe country’s imports for the first quarter of 2025 \nwere mainly sourced from South Africa (38.1%), \nChina (16.2%), Bahamas (11.0%), and other \nmarkets, as shown in Figure 10. \nFigure 10: Major Merchandise Import Source \nSource: ZIMSTAT & RBZ Computations, 2025 \nTrade Balance \nThe country’s trade deficit widened from \nUS$381.8 million in the fourth quarter of 2024 to \nUS$543.0 million during the first quarter of 2025. \nCompared to the corresponding quarter in 2024, \nthe country’s trade balance also worsened from a \ndeficit of US$423.8 million. \n \nFigure 11 depicts the country’s trade balance for \nthe first and fourth quarters of 2024 as well as the \nfirst quarter in 2025. \n \n \n \n \nFigure 11: Merchandise Trade Balance \n(US$m) \nSource: ZIMSTAT & RBZ Computations, 2025 \n \n3. \nDOMESTIC ECONOMIC \nDEVELOPMENTS \nREAL SECTOR DEVELOPMENTS \nAgriculture \nThe \nFirst \nCrop, \nLivestock \nand \nfisheries \nAssessment report (CLAFA-1) published during \nthe first quarter of 2025 indicated that the overall \narea under staple cereals increased by 8.1% to \n2,540,385 hectares, from 2,349,921 hectares \nachieved in the previous season. \nTable 5 shows the planted area of selected key \ncrops during the 2024/25 compared to the 2023/24 \nseason. \n \n \n38.1\n16.2\n11.0\n4.1\n2.9\n2.9\n2.4\n2.3\n2.1\n2.1\n0.0\n10.0\n20.0\n30.0\n40.0\nSouth Africa\nChina\nBahamas\nMozambique\nHong Kong\nZambia\nSingapore\nIndia\nUnited Arab Emirates\nBahrain\n1,720.6\n2,295.8\n1,746.5\n2,144.4\n2,677.5\n2,289.5\n-423.8\n-381.8\n-543.0\n (1,000.00)\n (500.00)\n -\n 500.00\n 1,000.00\n 1,500.00\n 2,000.00\n 2,500.00\n 3,000.00\n2024Q1\n2024Q4\n2025Q1\nExports\nImports\nTrade Balance\n11 \n \n \n \n \nTable 5: Area under selected key crops (ha) \nCrop \n2024/25 \n2023/24 \n% Change \nMaize \n1 822 904 \n1 728 873 \n5.4 \nSorghum \n434 374 \n405 116 \n7.2 \nPearl Millet \n251 265 \n194 232 \n29.4 \nFinger Millet \n31 842 \n21 700 \n46.7 \nSoya bean \n40111 \n37 658 \n6.5 \nGroundnuts \n223 729 \n369 772 \n-39.5 \nSugar Beans \n31 577 \n34 488 \n-8.4 \nRound nuts \n73 820 \n121 211 \n-39.1 \nAfrican pea \n92 009 \n93 732 \n-1.8 \nSunflower \n90 220 \n87 295 \n3.4 \nCotton \n122 493 \n145 256 \n-15.7 \nSesame \n39 295 \n71 990 \n-45.4 \nTobacco \n143 058 \n136 126 \n5.1 \nSource: Ministry of Lands, Agriculture, Fisheries, \nWater and Rural Development, 2025 \nThe late onset of rains, however, affected the \nplanting of crops such as groundnuts, round nuts, \ncotton and sesame whose area planted fell by \nabout 40%. \nMaize \nTotal area under maize increased by 5.4% from \n1,728,873 ha in the 2023/24 season, to 1,822,904 \nha in the current season. About 74,000 hectares of \nthe area were, however, written off due to the \nimpact of the dry spell on the early planted crop. \nCommunal areas and A1 resettlement farmers \naccounted for about 1,325,473 ha or 73% of the \ntotal maize cropping area. The crop benefited \nfrom \nthe \nGovernment \nfunded \nPfumvudza \nprogramme which supported about 504,136 ha, in \nthe current season. \nTraditional Grains \nThe total area under traditional grains comprising \nsorghum, pearl millet, and finger millet, increased \nby 15.5% in the 2024/25 season. Natural regions \n3 to 5 in Masvingo, Matabeleland South and \nMidlands provinces recorded the largest increases \nin area planted. \nCotton \nThe area put under cotton declined by 15.7%, \nfrom 145,256 hectares in the 2023/24 season to \n122,493 hectares in the current season. The \ncontraction is partially attributed to delayed \nplanting occasioned by a dry spell which occurred \nfrom mid-November to Mid-December 2024. \nLivestock \nThe CLAFA-1 2025 reported fair to good \nlivestock condition for most of the country, with \npoor cattle condition in some parts of the lowveld. \nGrazing and water availability also followed the \nsame trend, largely due to poor rainfall \ndistribution in the first half of the season. \n \nCattle \nFormal abattoir cattle slaughters increased by \n3.03% to 96,909 head in the first quarter of 2025 \nfrom 94,062 head in the comparable period in \n12 \n \n \n \n \n2024, albeit declining from 99,475 head in the \nfourth quarter of 2024. The decline in cattle \nslaughters over the quarter is partially attributable \nto retention of stock for draft power purposes, as \nwell as, rebuilding of herds following drought \nconditions in the previous year. \nTable 6 shows the total number of cattle \nslaughters at formal abattoirs in the first and \nfourth quarters of 2024 and the first quarter of \n2025. \n \nTable 6: Quarterly Cattle Slaughters \nQuarter \nSlaughters \nQ1:2024 \n94 062 \nQ4:2024 \n99 475 \nQ1:2025 \n96 909 \nSource: Ministry of Lands, Agriculture, Fisheries, \nWater, and Rural Development, 2025 \nPigs \nPig slaughters in the first quarter of 2025 \nincreased by a marginal 0.34% on the \nperformance of the same period in 2024. \nConsistent with past trends, this was 3.48% below \nthe slaughters in the fourth quarter of 2024, \nattributed to lower market demand. The industry \ncontinues to grapple with the high costs of \nproduction, chiefly on stock feeds. \nTable 7 shows the total number of pig slaughters \nat formal abattoirs in the first and fourth quarters \nof 2024 and the first quarter of 2025. \n \nTable 7: Quarterly Pig Slaughters \nQuarter \nSlaughters \nQ1:2024 \n59 026 \nQ4:2024 \n61 283 \nQ1:2025 \n59 224 \nSource: Ministry of Lands, Agriculture, Fisheries, Water, \nand Rural Development, 2025 \nMilk Production \nTotal fresh milk output increased by 2.67% to \n28.03 megalitres in the first quarter of 2025, up \nfrom the 27.30 megalitres produced in the same \nperiod in 2024. Growth in dairy output continues \nto accrue from investments aimed at increasing \nthe herd size and cow productivity by the industry \nplayers. \nTable 8 shows the fresh milk production statistics \nin 2024 and 2025. \n \nTable 8: First Quarter Milk Output (million \nlitres) in 2024 and 2025 \n \n2024 \n2025 \nVariance% \nJan \n9.53 \n9.77 \n2.52 \nFeb \n8.81 \n8.69 \n-1.32 \nMar \n8.96 \n9.57 \n6.76 \nQ1 \n27.30 \n28.03 \n 2.67 \nSource: Ministry of Lands, Agriculture, Fisheries, \nWater, and Rural Development, 2025 \n \n \n13 \n \n \n \n \nMINING \nThe first quarter 2025 mining output showed \nmixed performance when compared to similar \nquarter in 2024. Gold, iridium and coal showed \nstrong performance. \nTable 9 shows quarterly mineral performances in \n2024 and 2025. \n \nTable 9: Quarterly Mineral Output Statistics \nQ1 2024 \nQ4 20 24 \nQ1 2025 \nGold (kg) \n6,638.0 \n12,696.7 \n8,979.89 \nPlatinum (kg) \n4,987.5 \n4,515.7 \n4,177.25 \nPalladium (kg) \n4,136.1 \n3,640.9 \n3,413.81 \nRhodium (kg) \n436.6 \n424.3 \n394.15 \nIridium (kg) \n218.8 \n225.4 \n308.10 \nRuthenium (kg) \n367.6 \n460.3 \n405.12 \nDiamonds (cts) \n1,417,150 \n1,422,858 \n782,648.49 \nChrome (MT) \n495,097.8 \n512,410.2 \n468.795.0 \nNickel (MT) \n4,046.1 \n3,447.5 \n3,097.46 \nCopper (MT) \n3,689.8 \n2,751.6 \n2,561.78 \nCobalt (MT) \n85.3 \n91.1 \n77.74 \nCoal (MT) \n1,047,279 \n1,731,331 \n1,688,429.00 \nHCFC (MT) \n90,998 \n1,464,496 \n98,196.67 \nLithium (MT) \n902,898.6 \n338,038 \n358,468.02 \nGranite (MT) \n446,217.6 \n37,381.7 \n23,848.01 \nVermiculite \n(MT) \n4,222.3 \n36,837.2 \n3,028.10 \nSource: Ministry of Mines and Mining Development & \nChamber of Mines Zimbabwe, 2025 \n \nGold \nGold output stood at 8,979.89 kg in the first \nquarter of 2025, about 29% lower than 12,696.70 \nkg produced in the last quarter of 2024. The first \nquarter of 2025 output was, however 35% better \nthan 6,638.0 kg produced in the comparable \nperiod in 2024. \n \nThe first quarter 2025 gold deliveries to Fidelity \nGold Refiners (FGR), amounted to 8,496.4 \nkilograms, down from 12,214.0 kilograms \ndelivered in the fourth quarter of 2024. Deliveries \nin the first quarter of 2025 to FGR recorded a \nsignificant increase of 41% when compared to \ndeliveries \nof \n6,044.87 \nkilograms \nin \nthe \ncomparable quarter in 2024. \n \nTable 10 below shows deliveries to FGR in 2024 \nand 2025. \n \nTable 10: Quarterly Gold Deliveries to FGR \nfor 2024 and 2025 (kg) \n \nQ1 24 \nQ4 24 \nQ1 25 \nPrimary \nproducers/kg \n3,143.07 \n3,185.5 \n2,725.6 \nSmall \nScale \nproducers/kg \n2,901.80 \n9,028.5 \n5,770.9 \nTotal \n6,044.87 \n12,214.0 \n8,496.4 \nSource: FGR, 2025 \nIn terms of shares of deliveries, small scale \nproducers accounted for 68% whilst primary \nproducers accounted for 32% during the quarter \nunder review. \n14 \n \n \n \n \nPlatinum Group of Metals (PGMs) \nThe softening of PGMs commodity prices, which \npersisted through all the quarters of 2024 and in \nthe first quarter of 2025, platinum and palladium \noutput retreated by 7% and 6%, respectively in the \nfirst quarter of 2025 when compared to fourth \nquarter of 2024. Similarly, output in first quarter \n2025 was 16% and 17%, down, respectively, \nwhen compared to similar output in the first \nquarter of 2024. \n \nFigure 12: Quarterly Trends in Platinum and \nPalladium Output (kg) \n \n \nSource: Ministry of Mines and Mining Development, \n2025 \nRhodium output amounted to 394.15 kg in the \nfirst quarter of 2025 compared to 424.3 kg in \nfourth quarter of 2024, reflecting the softening of \ninternational commodity prices. This output is \nalso 10% lower than output in the comparable \nperiod in 2024. \n \n \nFigure 13: Quarterly Trends in Rhodium \nOutput (kg) \nSource: Ministry of Mines and Mining Development, \n2025 \n \nNickel \nNickel output at 3,097.46 tonnes in the first \nquarter of 2025, is 10% lower than 3,447.5.1 \ntonnes registered in the last quarter of 2024. The \nNickel output for the first quarter is also 23% \nlower than comparable period of 2024, as shown \nin Figure 14. \n \nFigure 14: Quarterly Trends in Nickel Output \n(mt) \n \nSource: Ministry of Mines and Mining Development, \n2025 \n0\n1000\n2000\n3000\n4000\n5000\n6000\nQ4\n21\nQ1\n22\nQ2\n22\nQ3\n22\nQ4\n22\nQ1\n23\nQ2\n23\nQ3\n23\nQ4\n23\nQ1\n24\nQ2\n24\nQ3\n24\nQ4\n24\nQ1\n25\nPlatinum\nPalladium\n0\n100\n200\n300\n400\n500\nQ1\n22\nQ2\n22\nQ3\n22\nQ4\n22\nQ1\n23\nQ2\n23\nQ3\n23\nQ4\n23\nQ1\n24\nQ2\n24\nQ3\n24\nQ4\n24\nQ1\n25\n0\n1000\n2000\n3000\n4000\n5000\n6000\nQ4\n21\nQ1\n22\nQ2\n22\nQ3\n22\nQ4\n22\nQ1\n23\nQ2\n23\nQ3\n23\nQ4\n23\nQ1\n24\nQ2\n24\nQ3\n24\nQ4\n24\nQ1\n25\n15 \n \n \n \n \nThe bulk of the nickel produced in the quarter \nunder review was from PGMs production \nreflecting the closure of the country’s largest \nnickel producer Bindura Nickel Corporation. \nDiamond \nDiamond output stood at 0.783 million carats in \nq1 2025, about 45% down from 1.422 million \ncarats produced in the fourth quarter of 2024. \nOutput in the first quarter of 2025 was also 45% \nlower than 1.417 million carats produced in the \ncorresponding quarter in 2024, as shown in Figure \n15. \n \nFigure 15: Quarterly Trends in Diamond \nOutput (carats) \n \nSource: Ministry of Mines and Mining Development, \n2025 \n \nDiamond benefitted from increased investments \nin mining and processing capacity. Diamond \npotential, however, continues to be adversely \naffected by frequent power outages leading to loss \nof production time at some of the mining houses. \n \n \nChrome \nChrome ore output in the first quarter of 2025 \namounted to 495,097.80 tonnes, which is 3.5% \nlower than 512,410.21 tonnes produced in the last \nquarter of 2024. The first quarter output of 2025 \nsurpassed output produced in the comparable \nperiod in 2024. The surge in production of chrome \nore was largely driven by increase in demand of \nthe mineral in China, the largest consumer. \nFigure 16 shows quarterly trends in chrome ore \nOutput. \n \nFigure 16: Quarterly Trends in Chrome Ore \nOutput (Tonnes) \nSource: Ministry of Mines and Mining Development, \nMMCZ, 2025 \nCoal \nCoal output recorded a marginal decline of 2% \nfrom 1,731,331 tonnes produced in the last quarter \nof 2024 to 1,688,429 tonnes produced in the first \nquarter of 2025. There was, however, 61% \nincrease in coal output during the first quarter of \n2025 when compared to first quarter of 2024. \n0\n200\n400\n600\n800\n1000\n1200\n1400\n1600\n1800\nQ4\n21\nQ1\n22\nQ2\n22\nQ3\n24\nQ4\n22\nQ1\n23\nQ2\n23\nQ3\n23\nQ4\n23\nQ1\n24\nQ2\n24\nQ3\n24\nQ4\n24\nQ1\n25\nThousands\n -\n 100\n 200\n 300\n 400\n 500\n 600\n 700\nQ1\n22\nQ2\n22\nQ3\n22\nQ4\n22\nQ1\n23\nQ2\n23\nQ3\n23\nQ4\n23\nQ1\n24\nQ2\n24\nQ3\n24\nQ4\n24\nQ1\n25\nThousands\n16 \n \n \n \n \nQuarterly coal output from 2021 to 2025 is shown \nin Figure 17. \n \nFigure 17: Quarterly trends in coal output \n \n \nSource: Ministry of Mines and Mining Development, \n2025 \nLithium \nLithium output stood at about 358,468.01 tonnes \nin the first quarter of 2025, compared to 338,038 \ntonnes produced in the fourth quarter of 2024. The \nfirst quarter 2025 output was, however, 60% \nlower than 902,898.60 tonnes produced in similar \nquarter in 2024 largely driven by softer prices. \n \nFigure 18: Lithium production 2024 and 2024 \n \nSource: Ministry of Mines and Mining Development, \n2025 \nELECTRICITY \nTotal electricity generated by major power \nstations and independent power producers (IPPs) \nduring the first quarter of 2025 amounted to \n2,314.41 GWh, up by 5.56%, from the fourth \nquarter output of 2,314.41 GWh. This was also \n8.19% higher than the 2,258.10 GWh produced \nduring the first quarter of 2024. \n \nHwange, inclusive of units 7 and 8 contributed \n69.77% of total production during the first quarter \nof 2025, covering up for the low output from \nKariba. Kariba Hydro Power Station produced \n587.29 GWh, slightly higher than 516.6 GWh \nproduced in the fourth quarter of 2024. In total, \nKariba contributed about 24.04% of total \nelectricity generation in the first quarter of 2025, \nup from the 20.06% in the fourth quarter of 2024. \n \nTable 11 shows power output statistics from the \nmajor power stations and independent power \nproducers in 2025. \n \nTable 11: Quarterly Power Output. \nQ1: \n2024 \nQ4: \n2024 \nQ1: \n2025 \nKariba \n446.3 \n516.6 \n587.29 \nHwange \n402.9 \n694.0 \n676.94 \nHesco (Hwange \n7&8) \n1,300.4 \n986.9 \n1 027.68 \nIPPs \n108.6 \n116.9 \n151.24 \nTotal (GWh) \n2,258.1 \n2,314.4 \n2 443.14 \nSource: ZERA and ZPC, 2025 \n \n \n0\n200000\n400000\n600000\n800000\n1000000\n1200000\n1400000\n1600000\n1800000\n2000000\nQ1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25\n -\n 200,000\n 400,000\n 600,000\n 800,000\n 1,000,000\nQ1 24\nQ2 24\nQ3 24\nQ4 24\nQ1 25\n17 \n \n \n \n \nThe improved performance by IPPs in the first \nquarter of 2025 is attributed to the additional \n10.49 GWh produced by Great Zimbabwe hydro \npower station, which benefited from improved \ninflows in the first quarter. \nFigure 19 shows the trend of quarterly electricity \nproduction by IPPs since the first quarter of 2024. \n \nFigure 19: Quarterly Power Output by IPPs \n \nSource: ZERA, 2025 \n \nINFLATION DEVELOPMENTS \nDuring the first quarter of 2025, there was general \nstability in inflation largely on account of \nmonetary \nand \nfinancial \nconditions, \nnotwithstanding a transient shock in January \n2025. \nZiG Month on Month Inflation \nMonthly ZiG inflation decelerated by 3.7 \npercentage points from 3.7% in December 2024 \nto -0.1% in March 2025, driven by both food and \nnon-food inflation. \n \nFood inflation retreated by 5.0 percentage points \nfrom 4.6% in fourth quarter of 2024, to -0.5% in \nfirst quarter of 2025. Food inflation contributed \n-0.2 percentage points to the March 2025 \ninflation rate. \nNon-food inflation also slowed down from 3.2% \nin December 2024, to 0.2% in March 2025. \nHousing, alcoholic beverages and tobacco and \neducation largely drove non-food inflation during \nthe quarter. \n \nTable 12: Monthly Inflation Profiles (%) \n \nZiG \nUS$ \nWeighted \nJan - 2025 \n10.5 \n0.6 \n1.1 \nFeb – 2025 \n0.5 \n0.2 \n0.3 \nMar- 2025 \n-0.1 \n0.1 \n0.0 \nSource: ZIMSTAT, 2025 \nUS$ Month on Month Inflation \nThe US$ month-on-month inflation rate receded \nfrom the 0.6% recorded in December 2024 to \n0.1% in March 2025. The decrease in inflation is \npartially attributed to the subdued aggregate \ndemand which dampened inflationary pressures \nduring the quarter. \nMonthly food inflation decreased from 1.9% in \nthe previous quarter to 0.2% during the first \nquarter of 2025. Non-food inflation marginally \nincreased by 0.02 percentage points from 0.05% \nin the fourth quarter of 2024 to 0.07% in the same \nquarter under review. \nFigure 20 shows the US$ monthly inflation \nprofile. \n0\n20\n40\n60\n80\n100\n120\n140\n160\n2023\nQ1\n2023\nQ2\n2023\nQ3\n2023\nQ4\n2024\nQ1\n2024\nQ2\n2024\nQ3\n2024\nQ4\n2025\nQ1\nGWhs\n18 \n \n \n \n \nFigure 20: Monthly US$ Inflation Profile (%) \nSource: ZIMSTAT, 2025 \nAnnual US$ Inflation \nAnnual US$ inflation surged by 12.53 percentage \npoints, from 2.48% in December 2024 to 15.01% \nat the end of the first quarter of 2025 on account \nof both non-food and food inflation. \nAnnual food inflation accelerated from 5.2% in \nthe fourth quarter of 2024, to 22.4% in the first \nquarter of 2025, while non-food inflation edged \nup from 1.3% to 11.7% during the same period. \nFigure 21 shows annual US$ inflation profile. \n \n \n \n \n \n \nFigure 21: Annual US$ Inflation Profile (%) \n \nSource: ZIMSTAT, 2025 \n \n4. \nMONETARY DEVELOPMENTS \nBroad money stock (M3) stood at ZiG91.53 \nbillion in March 2025, reflecting a quarter-on-\nquarter growth of 4.67% from ZiG87.45 billion \nrecorded in December 2024. Growth in broad \nmoney reflected expansions of ZiG2.62 billion \n(3.60%) and ZiG1.46 billion (9.97%) in foreign \ncurrency and local currency components of broad \nmoney, respectively. The growth of 4.67% was \n11.92 percentage points lower than the 16.62% \nrecorded in the fourth quarter of 2024. \n \nThe broad money stock was largely made up of \nforeign currency deposits, which accounted for \n82.40%; \nlocal \ncurrency \ndeposits, \nwhich \naccounted for 17.48%; and currency in \ncirculation, which constituted a balance of \n0.12%. \n \nFigure 22 shows the components of broad money \nfor the period March 2024 to March 2025. \n \n \n \n-2\n0\n2\n4\n6\n8\n10\n12\n14\n16\n18\n20\nDec-23\nMar-24\nJun-24\nSep-24\nDec-24\nMar-25\nFood\nNon food\nAll Items\n-10\n-5\n0\n5\n10\n15\n20\n25\nDec-23\nMar-24\nJun-24\nSep-24\nDec-24\nMar-25\nFood\nNon food\nAll Items\n19 \n \n \n \n \nFigure 22: Broad Money Developments (ZiG \nbillion) \nSource: Reserve Bank of Zimbabwe, 2025 \n \nDomestic Credit \nDomestic credit increased by 8.95%, from \nZiG108.92 billion in December 2024, to \nZiG118.66 billion in March 2025. The growth \nwas largely driven by expansions in credit to the \nprivate sector, and net claims on the Government \nof ZiG3.79 billion and ZiG569.53 million, \nrespectively. \n \nOutstanding credit to the private sector was \nmainly channelled to households, agriculture, \nmanufacturing, services and mining, which \nreceived 28.44%, 17.15%, 13.47%, 10.84% and \n9.01% of the total credit, respectively. Private \nsector credit shares for the rest of the economic \nsectors are shown in Figure 23. \n \n \n \n \n \nFigure 23: Distribution of Private Sector \nCredit \n \nSource: Reserve Bank of Zimbabwe, 2025 \n \nCredit to the private sector was largely utilized for \nrecurrent expenditures, 39.70%; inventory build-\nup, 22.79%; and fixed capital investments, \n13.35%. \n \nInterest Rates \nDuring March 2025, nominal lending rates quoted \nby banks on local currency-denominated loans \nranged between 20% and 58%. Time deposit rates \nfor 90-day, 360-day, and over a year tenure ranged \nbetween 5% and 25%. The savings rates were \nquoted between 2% and 9%, during the period \nunder review. \n \nFigure 24 shows the profile of the benchmark \ninterest rate and market rates. \n \n0\n20\n40\n60\n80\n100\nMar-24\nApr-24\nMay-24\nJun-24\nJul-24\nAug-24\nSep-24\nOct-24\nNov-24\nDec-24\nJan-25\nFeb-25\nMar-25\nBillion\nCurrency in Circulation\nForeign Currency Deposits\nLocal Currency Deposits\nHouseholds\n28.44%\nAgriculture\n17.15%\nMining\n9.01%\nManufacturing\n13.47%\nDistribution\n10.38%\nTransport and \nCommunication\n2.36%\nServices\n10.84%\nFinancial Organisations \nand Investiments\n5.13%\nConstruction\n2.56% Other…\n20 \n \n \n \n \nFigure 24: Interest Rates Developments (%) \nSource: Reserve Bank of Zimbabwe, 2025 \nLending rates for foreign currency-denominated \nloans advanced to individuals ranged between \n7.00% and 27.00% per annum, as of the end of \nMarch 2025. Foreign currency lending interest \nrates for corporate clients ranged from a minimum \nof 5.00% to a maximum of 21.00%. \n \n \n5. \nSTOCK MARKET DEVELOPMENTS \n \nZIMBABWE STOCK EXCHANGE (ZSE) \nDEVELOPMENTS \n \nDuring the first quarter of 2025, trading on the \nZSE followed a negative trajectory, resulting in \nmajor indices registering losses. As such, the All \nShare, Top 10, and Top 15 indices declined by \n5.67%, 7.30% and 3.70% to close at 205.25 \npoints, 199.52 points and 204.67 points, \nrespectively. \n \n \nTable 13: Key Stock Market Indicators \n \nZSE Indicators \n31 \nDecember\n-24 \n31 March-\n25 \n \nChange \n(%) \nAll Share Index (points) \n217.58 \n205.25 \n-5.67 \nTop 10 Index (points) \n215.24 \n199.52 \n-7.30 \nTop 15 Index (points) \n212.54 \n204.67 \n-3.70 \nMedium Cap Index (points) \n227.60 \n250.55 \n10.09 \nSmall Cap Index (points) \n100.11 \n100.11 \n0.00 \nMining Index (points) \n235.38 \n180.43 \n-23.35 \nThe volume of shares traded \n(mn) \n333.48 \n477.87 \n43.30 \nMarket Turnover (ZiG mn) \n1 018.09 \n933.04 \n-8.35 \nZSE Capitalization (ZiG mn) \n66 241.20 \n62 916.75 \n-5.02 \nNet Foreign Position (ZiG mn) \n-144.99 \n-13.97 \n-90.36 \n \nVFEX Indicators \n \n \n \nAll Share Index (points) \n105.95 \n110.32 \n4.12 \nThe volume of shares traded \n(mn) \n97.55 \n1 207.03 \n1 137.29 \nMarket Turnover (US mn) \n26.91 \n58.91 \n117.45 \nVFEX Capitalization (US$m) \n1 279.62 \n1 287.08 \n0.58 \nSource: Zimbabwe Stock Exchange, 2025; and \nVictoria Falls Stock Exchange, 2025 \n \nThe resource index lost 23.35% to close at 180.43 \npoints during the same period. \n \nFigure 25 shows the developments of the ZSE All \nShare, Top 10 and Mining indices for the period 5 \nApril 2024 through to 31 March 2025. \n \n \n \n \n \n0\n20\n40\n60\n80\n100\n120\n140\n160\n180\nPolicy rate\nMax Weighted Lending Rates Individuals\nMax Weighted Lending Rates Corporates\n21 \n \n \n \n \nFigure 25: ZSE All Share, Top 10 and Mining \nIndices \n \n \nSource: Zimbabwe Stock Exchange, 2025 \nMarket Turnover \nDuring the first quarter of 2025, cumulative \nvolumes of shares traded increased by 43.30% to \n477.87 million, while the value of shares declined \nby 8.35% to ZiG933.04 million. This compares to \n333.48 million shares and ZiG1 018.09 million \nrecorded in the fourth quarter of 2024, \nrespectively. \n \n \n \n \n \n \n \n \nFigure 26: ZSE Market Turnover \n \nSource: Zimbabwe Stock Exchange, 2025 \nForeign investor participation, as measured by the \ncontribution to the value of shares traded, declined \nto 15.30%, compared to 8.83% recorded in the \nfourth quarter of 2024. Concomitantly, net foreign \nposition improved to negative ZiG13.97 million, \nfrom negative ZiG144.99 million registered \nduring the quarter ending December 2024. \n \nMarket Capitalisation \nSubdued trading activity on the ZSE during the \nfirst quarter of 2025, resulted in the local bourse \nshedding 5.02%, or ZiG3 324.45 billion worth of \ncapitalisation to close at ZiG62.92 billion, \ncompared to ZiG66.24 billion recorded in the \nprevious quarter. \nFigure 27 shows the evolution of market \ncapitalization for the period December 2023 to \nMarch 2025. \n \n50\n100\n150\n200\n250\n300\n350\n50\n100\n150\n200\n250\n300\n350\nTop 10 Index\nMining Index (Points)\nZSE ALL SHARE INDEX\n0\n50\n100\n150\n200\n250\n300\n350\n400\n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\n550\nVolumes Traded (millions)\nValues Traded (millions)\n22 \n \n \n \n \nFigure 27: ZSE Market Capitalisation (ZiG \nmillions) \n \nSource: Zimbabwe Stock Exchange, 2025 \nVICTORIA FALLS STOCK EXCHANGE \n(VFEX) DEVELOPMENTS \nThe VFEX exhibited bullish sentiments during \nthe first quarter of 2025. As a result, the VFEX All \nShare index added 4.12% to close at 110.32 \npoints, from 105.95 points recorded in the quarter \nending December 2024. \nOn an annual basis, the VFEX All Share index \nadded 9.16%, from 101.06 points recorded in \nMarch 2024. \n \n \n \n \n \n \n \n \n \n \n \n \nFigure 28: Victoria Falls Stock Exchange All \nShare Index \nSource: Victoria Falls Stock Exchange, 2025 \nVFEX Market Capitalization (US$ billions) \nDuring the first quarter of 2025, VFEX market \ncapitalisation gained 0.58%, or US$7.46 million, \nto close at US$1.29 billion, compared to US$1.28 \nbillion recorded in the last quarter of 2024. On an \nannual \nbasis, VFEX market \ncapitalisation \nincreased by 5%, from US$1.22 billion recorded \nin the comparable period in 2024. \n \nFigure 29 VFEX Market Capitalization in \nbillions of US$ \n \nSource: Victoria Falls Stock Exchange, 2025 \n0.00\n0.01\n0.02\n0.03\n0.04\n0.05\n0.06\n0.07\n0.08\n0.09\n0.10\nMILLIONS\n0.00\n20.00\n40.00\n60.00\n80.00\n100.00\n120.00\n140.00\n160.00\n31-Mar-24\n30-Apr-24\n31-May-24\n30-Jun-24\n31-Jul-24\n31-Aug-24\n30-Sep-24\n31-Oct-24\n30-Nov-24\n31-Dec-24\n31-Jan-25\n28-Feb-25\n31-Mar-25\n0.00\n0.20\n0.40\n0.60\n0.80\n1.00\n1.20\n1.40\n1.60\n1.80\n31-Mar-24\n30-Apr-24\n31-May-24\n30-Jun-24\n31-Jul-24\n31-Aug-24\n30-Sep-24\n31-Oct-24\n30-Nov-24\n31-Dec-24\n31-Jan-25\n28-Feb-25\n31-Mar-25\n23 \n \n \n \n \n6. \nPAYMENT, \nCLEARING \nAND \nSETTLEMENT ACTIVITIES \nThe value of electronic transactions processed \nthrough \nthe \nnational \npayment \nsystems \ninfrastructure \ndecreased \nby \n8.66% \nfrom \nZiG583.14 billion in the fourth quarter of 2024 to \nZiG532.61 billion during the first quarter of 2025. \nTransactions volumes also decreased by 7.54% to \n174.41 million from 188.64 million, during the \nsame period. \n \nTable \n14: \nConsolidated \nTransactional \nActivities for the First Quarter 20251 \nPAYMENT \nSTREAM \nFOURTH \nQUARTER \nENDING 31 \nDECEMBER \n2024 \nFIRST \nQUARTER \nENDING 31 \nMARCH \n2025 \nCHANGE \nFROM \nLAST \nQUARTER \nPROPORTION \n \nVALUES IN ZIG (BILLIONS) \n \nRTGS \n340.49 \n310.19 \n-8.90% \n58.24% \nPOS \n21.93 \n20.00 \n-8.80% \n3.75% \nATMS \n22.44 \n20.56 \n-8.37% \n3.86% \nMOBILE \n48.80 \n45.94 \n-5.84% \n8.63% \nINTERNET \n149.47 \n135.91 \n-9.07% \n25.52% \nTOTAL \n583.14 \n532.61 \n-8.66% \n100.00% \n \nVOLUMES (MILLIONS) \n \nRTGS \n2.82 \n2.57 \n-8.64% \n1.47% \nPOS \n23.37 \n20.39 \n-12.78% \n11.69% \nATMs \n2.80 \n2.70 \n-3.58% \n1.55% \nMOBILE \n155.30 \n144.79 \n-6.77% \n83.02% \nINTERNET \n4.35 \n3.96 \n-8.92% \n2.27% \nTOTAL \n188.64 \n174.41 \n-7.54% \n100.00% \nSource: Reserve Bank of Zimbabwe, 2025 \nThe aggregate value of US$ transactions \nprocessed through the RTGS system recorded a \ndecline of 9.80% to $7.74 billion while volumes \n \n1 Figures are inclusive of USD Transactions converted at \nprevailing interbank exchange rates to ZiG at the \ntransaction date. \ndeclined by 2.31 % to 1.46 million during quarter \nending 31 March 2025. \n \nLARGE VALUE PAYMENTS \nDuring the first quarter of 2025, the value of \ntransactions processed through the RTGS system \ndecreased by 8.9% from ZiG340.50 billion in the \nfourth quarter 2024 to ZiG310.19 billion. The \nvolume of transactions decreased by 8.64% to \n2.57 million over the same period. \n \nFigure 30: Values (ZiG) and Volumes of \nRTGS2 Transactions from Q2 2024 to Q1 2025 \n \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \n2 Real Time Gross Settlement System (RTGS) is the \nZimbabwe Electronic Transfer and Settlement System \n(ZETSS) \n \n2\n3\n4\n0\n50\n100\n150\n200\n250\n300\n350\n400\n2024 Q2 2024 Q3 2024 Q4 2025 Q1\nBillions\nMillions\nValues\nVolumes [RHS]\n24 \n \n \n \n \nRETAIL PAYMENTS \nThe aggregate values for retail transactions \ndecreased by 8.33% from ZiG242.64 billion \nrecorded in fourth quarter 2024 to ZiG222.42 \nbillion in first quarter of 2025. \n \nFigure 31: Retail Transaction Values (ZiG) \nfrom Q2 2024 to Q1 2025 \n \nSource: Reserve Bank of Zimbabwe, 2025 \nThe aggregate retail volume also decreased by \n7.53% to 171.84 million during the same period. \n \nFigure 32: Retail Transaction Volumes from \nQ2 2024 to Q1 2025 \n \nSource: Reserve Bank of Zimbabwe, 2025 \nCOLLATERAL \nThe value of collateral for Zimswitch, Central \nSecurities Depository (CSD) and Zimbabwe \nStock Exchange (ZSE) settlement systems \nincreased to ZiG571.83 million in the first quarter \nof 2025, up from ZiG562.03 million recorded in \nthe previous quarter. \nThis largely reflects an increase in the value of \ntransactions processed through the Zimswitch \nplatform resulting in the Zimswitch Collateral \nbalances rising by 2%. \n \nFigure 33: Collateral Amounts (ZiG) from Q2 \n2024 to Q1 2025 \n \nSource: Reserve Bank of Zimbabwe, 2025 \n \nThe Victoria Falls Stock Exchange Limited \n(VFEX) foreign currency collateral for the quarter \nending 31 March 2025 was US$47, 766.28 and is \nconsidered adequate to cover the risk levels. \n \n \n0\n10\n20\n30\n40\n50\n60\n0\n50\n100\n150\n200\n2024 Q2 2024 Q3 2024 Q4 2025 Q1\nMobile in Billions\nOther Retail Values in Billions\nPOS\nATMS\nINTERNET\nMOBILE\n0\n20\n40\n60\n80\n100\n120\n140\n160\n180\n0\n5\n10\n15\n20\n25\n30\n2024 Q2\n2024Q3\n2024Q4\n2025Q1\nMobile Volumes in Millions\nOther Retai Volumes in \nMillions\nPOS\nATMs\nINTERNET\nMOBILE\n0\n100\n200\n300\n400\n500\n600\nQuarter\nEnding 30\nJune 2024\nQuarter\nEnding 30\nSeptember\n2024\nQuarter\nEnding 31\nDecember\n2024\nQuarter\nEnding 31\nMarch 2025\nMILLIONS\nZSE\nZimswitch\nCDC\n25 \n \n \n \n \nACCESS POINTS AND DEVICES \nThe POS population which stood at 135,520 at the \nend of the fourth quarter 2024 decreased to \n129,081 during the first quarter of 2025. \n \nTable 15: Payment Systems Access Points and \nDevices for the First Quarter of 2025 \nPAYMENT SYSTEMS ACCESS POINTS \n \nQ2 2024 \nQ3 2024 \nQ4 2024 \nQ1 2025 \nMobile \nBanking \nMerchants \n55,139 \n55,415 \n55,692 \n55,971 \nATMs \n401 \n402 \n409 \n432 \nPOS \n133,961 \n135,614 \n135,520 \n129,081 \nPAYMENTS SYSTEMS ACCESS DEVICES \nDebit Cards \n5,766,583 \n5,872,074 \n5,862,696 \n5,622,600 \nCredit Cards \n18,927 \n19,540 \n20,054 \n19,925 \nPrepaid Cards \n140,228 \n143,598 \n142,398 \n151,140 \nMobile \nBanking \nSubscribers \n9,530,064 \n9,955,399 \n10,004,588 \n10,099,040 \nInternet \nBanking \nSubscribers \n538,113 \n554,563 \n549,802 \n551,716 \nSource: Reserve Bank of Zimbabwe, 2025 \nAs of 31 March 2025, active mobile financial \nservices subscribers slightly rose to 10.1 million \nfrom 10 million recorded in the quarter ending 31 \nDecember 2024. \n \n7. \nFISCAL DEVELOPMENTS \nCumulative revenues in the first quarter of 2025 \nstood at ZiG46.72 billion, against expenditures of \nZiG45.16 billion, resulting in a fiscal surplus of \nZiG1.56 billion. \nTable 16 shows the summary of fiscal \ndevelopments during the first quarter of 2025. \nTable 16: Summary of first Quarter 2025 \nFiscal Position \n \nZiG millions \nRevenue \n46 719.50 \nTax revenue \n44 785.70 \nNon-Tax Revenue \n1 933.80 \nExpenditure \n45 155.95 \nCurrent expenditure \n34 039.07 \n o/w employment costs \n14 719.20 \nCapital Expenditure \n11 116.88 \nOverall Balance \n1 563.55 \nSource: Ministry of Finance, Economic Development, and \nInvestment Promotion, 2025 \nGovernment Revenue \nDuring the first quarter of 2025, Government \nrevenue stood at ZiG46.72 billion. Taxes on \nincome and profits contributed (31.2%), value \nadded tax (27.9%), excise duties (10.1%) the \nlargest portion of government revenue, as shown \nin Figure 34. \n \n \n \n \n \n \n26 \n \n \n \n \nFigure 34: Government Revenue Structure: \nFirst quarter 2025 \nSource: Ministry of Finance, Economic Development \nand Investment Promotion, 2025 \nGovernment Expenditure \nCumulative government spending in the first \nquarter of 2025 amounted to ZWG45.16 billion, \ncomprising of current expenditure ZWG34.04 \nbillion and \nZWG11.12 \nbillion \ncapital \nexpenditures. Table 17 shows a summary of \nGovernment expenditure in the fourth quarter of \n2024 and the first quarter of 2025. \n \n \n \n \n \nTable 17: Summarised Government Spending \n(ZiG milions) \n \nQ4 2024 \nQ1 2025 \nTotal Expenditure \n47 314.85 \n45 155.95 \nCurrent Expenditure \n36 333.08 \n34 039.07 \nOf which Employment \nCosts \n19 669.19 \n14 791.20 \nCapital Expenditure \n10 981.77 \n11 116.88 \nSource: Ministry of Finance, Economic Development, \nand Investment Promotion. 2025 \nGovernment \ncapital \nexpenditure \nstood \nat \nZiG11.12 billion, accounting for 24.62% of total \nspending during the quarter under review. Capital \nexpenditure was largely driven by significant \nincreases in building and structures, machinery \nand equipment and capital grants. \nFigure 35: Government Expenditure, First \nQuarter 2025 \n \n \n \n \n0\n2,000\n4,000\n6,000\n8,000\n10,000\n12,000\n14,000\n16,000\nOperations and \nMaintenance\n39.0%\nTransfers to \nProvincial \nCouncils and \nLocal \nAuthorities\n0.3%\nEmployment \nCosts\n32.8%\nInterest on debt\n3.4%\nCapital \nExpenditure\n24.6%\n27 \n \n \n \n \nOverall Budget Balance \nThe fiscal developments in the first quarter of \n2025 resulted in government revenue of \nZiG46.72 billion, against total expenditure of \nZiG45.16 billion, which culminated into a budget \nsurplus of ZiG1.56 billion. Figure 36 shows the \nquarterly developments in overall budget balance \nin 2024 and 2025. \nFigure 36: Budget balance (ZWG billion) \n \n \n \n \nRESERVE BANK OF ZIMBABWE \nJUNE 2025 \n \n (2,000)\n 8,000\n 18,000\n 28,000\n 38,000\n 48,000\n 58,000\nRevenue\nExpenditure\nOverall\nBalance\nZWG BILLIONS\nQ4 2024\nQ1 2025\n \n \n28 \n \nSTATISTICAL TABLES \n1. Depository Corporation Survey 29 \n2. Central Bank Survey 30 \n3. Other Depository Corporation Survey 31 \n \n4. Liabilities and Assets of the Central Bank \n4.1.Reserve Bank: Assets \n \n \n \n 32 \n \n4.2.Reserve Bank: liabilities 33 \n \n \n \n \n \n \n \n \n \n5. Other Depository Corporation \n5.1.Other Depository Asset 34 \n5.2.Other Depository Liabilities 35 \n \n6. Commercial Banks \n6.1.Commercial Banks: Assets \n \n 36 \n6.2.Commercial Banks: Liabilities \n 37 \n7. Building Societies \n \n \n \n \n \n \n7.1.Building Societies: Assets \n \n 38 \n \n7.2.Building Societies: Liabilities 39 \n \n \n8. Sectoral Analysis of Commercial Banks \n8.1.Sectoral Analysis of Commercial Banks’ Loans and Advances 40 \n8.2.Sectoral Analysis of Commercial Bank’s Deposits \n \n 41 \n \n \n \n \n \n \n \n \n9. National Payment Systems \n \n \n9.1.Values of Transactions \n \n \n \n \n \n \n \n42 \n9.2.Volumes of Transactions \n \n \n \n \n \n \n42 \n \n10. Interest Rates, Security Yields and Prices \n10.1. Lending Rates \n \n \n \n \n \n \n \n43 \n10.2. Deposit Rates 43 \n \n \n \n \n \n \n \n \n11. Stock Exchange Indices \n \n \n \n \n \n \n \n44 \n \n12. Inflation \n \n \n \n \n \n \n12.1. Monthly Inflation \n \n \n \n \n \n \n \n45 \n12.2. Quarterly Inflation \n \n \n \n \n \n \n \n46 \n12.3. Annual Inflation \n \n \n \n \n \n \n \n47 \n \n13. Balance of Payments \n13.1. Cross Border Payments \n \n \n \n \n \n \n48 \n13.2. Cross Border Receipts \n \n \n \n \n \n \n49\n29 \n \n \nMar-24\n*Apr-24\n*May-24\n*Jun-24\n*Jul-24\n*Aug-24\n*Sep-24\n*Oct-24\n*Nov-24\n*Dec-24\n*Jan-25\n*Feb-25\n*Mar-25\nNet Foreign Assets\n-66,258,169,977.30\n-28,856,803.24\n-27,777,119.25\n-27,862,614.43\n-27,003,213.00\n-27,816,061.99\n-51,275,161.53\n-54,528,328.78\n-48,383,455.25\n-47,290,393.03\n-49,520,833.39\n-50,100,966.34\n-46,693,765.90\nCentral Bank(net)\n-77,865,030,279.36\n-35,698,765.79 -34,641,175.73 -34,723,910.35\n-34,509,441.34\n-34,520,053.81\n-62,586,924.75\n-66,392,291.76\n-57,686,803.02\n-56,911,905.66\n-58,197,285.15\n-60,030,706.89\n-55,922,579.95\nForeign Assets\n12,179,330,672.54\n9,276,276.05\n9,502,376.00\n10,293,011.52\n10,301,545.49\n10,342,781.57\n17,610,056.98\n24,512,816.63\n22,229,005.79\n23,239,748.84\n23,967,010.24\n23,087,880.76\n28,287,077.32\nForeign Liabilities\n90,044,360,951.90\n44,975,041.84\n44,143,551.73\n45,016,921.88\n44,810,986.83\n44,862,835.37\n80,196,981.74\n90,905,108.39\n79,915,808.81\n80,151,654.50\n82,164,295.39\n83,118,587.65\n84,209,657.27\nOther Depository Corporations(net)\n11,606,860,302.06\n6,841,962.55\n6,864,056.48\n6,861,295.92\n7,506,228.34\n6,703,991.82\n11,311,763.23\n11,863,962.98\n9,303,347.77\n9,621,512.62\n8,676,451.76\n9,929,740.55\n9,228,814.05\nForeign Assets\n18,155,224,099.23\n10,973,836.76\n11,293,656.76\n11,679,328.24\n12,352,811.95\n11,598,442.41\n20,019,415.47\n21,861,671.92\n17,752,438.09\n19,141,214.17\n19,229,144.68\n20,477,933.09\n22,371,396.07\nForeign Liabilities\n6,548,363,797.17\n4,131,874.21\n4,429,600.28\n4,818,032.32\n4,846,583.61\n4,894,450.59\n8,707,652.25\n9,997,708.95\n8,449,090.32\n9,519,701.55\n10,552,692.92\n10,548,192.54\n13,142,582.02\n0.00\n0.00\nNet Domestic Assets (NDA)\n125,429,655,454.08\n67,611,589.07\n68,804,734.10\n70,589,087.12\n72,978,846.45\n74,289,272.26\n126,283,122.13\n141,729,288.02\n131,610,282.91\n134,739,349.70\n136,641,585.11\n135,736,114.14\n138,224,651.73\nDomestic Claims\n58,052,804,317.53\n35,515,681.43\n37,674,708.61\n38,036,916.97\n42,001,791.24\n42,153,476.29\n70,625,380.29\n81,454,801.51\n71,829,332.29\n74,542,582.32\n111,239,077.46\n113,660,925.87\n118,662,382.74\nClaims on Central Government(net)\n16,182,769,560.45\n10,221,096.31\n11,278,377.99\n9,913,456.25\n11,854,120.02\n11,078,263.39\n17,989,094.06\n20,769,283.76\n16,133,123.06\n17,318,818.37\n52,732,571.12\n53,954,319.00\n56,814,233.72\nClaims on Central Government\n22,087,558,829.62\n12,982,655.95\n13,103,692.41\n13,760,570.59\n15,106,767.97\n14,775,338.23\n24,507,323.63\n29,236,123.02\n26,140,999.60\n27,626,806.80\n62,771,671.49\n59,447,930.28\n62,569,559.77\nCentral Bank\n13,434,742,848.85\n7,155,621.00\n7,206,353.91\n7,425,969.04\n7,375,080.86\n7,694,199.15\n13,333,000.40\n16,905,321.56\n15,342,327.17\n15,948,975.81\n51,342,654.13\n48,573,045.84\n50,689,516.96\nODCs\n8,652,815,980.77\n5,827,034.95\n5,897,338.50\n6,334,601.55\n7,731,687.11\n7,081,139.08\n11,174,323.23\n12,330,801.46\n10,798,672.42\n11,677,830.99\n11,429,017.37\n10,874,884.43\n11,880,042.80\nLess Liabilities to Central Government\n5,904,789,269.17\n2,761,559.64\n1,825,314.42\n3,847,114.34\n3,252,647.95\n3,697,074.84\n6,518,229.58\n8,466,839.25\n10,007,876.54\n10,307,988.43\n10,039,100.37\n5,493,611.27\n5,755,326.05\nCentral Bank\n5,389,222,254.62\n2,518,704.99\n1,475,345.63\n3,257,853.82\n2,814,036.97\n3,164,138.12\n5,934,952.70\n7,839,372.76\n9,330,641.14\n9,591,566.38\n9,335,097.88\n4,557,218.50\n4,850,146.25\nODCs\n515,567,014.55\n242,854.65\n349,968.79\n589,260.52\n438,610.98\n532,936.72\n583,276.88\n627,466.49\n677,235.40\n716,422.05\n704,002.49\n936,392.77\n905,179.80\nClaims on Other Sectors\n41,870,034,757.08\n25,294,585.12\n26,396,330.62\n28,123,460.72\n30,147,671.23\n31,075,212.90\n52,636,286.23\n60,685,517.75\n55,696,209.23\n57,223,763.95\n58,506,506.34\n59,706,606.86\n61,848,149.02\nOther Financial Corporations\n803,485,078.36\n327,451.01\n405,012.85\n484,721.72\n451,511.50\n481,730.31\n837,142.95\n903,005.44\n801,444.65\n829,886.26\n809,796.33\n1,025,413.81\n1,122,933.49\nState and Local Government\n143,347.81\n1,803.44\n1,371.69\n1,489.84\n162.58\n189.44\n334.82\n83.40\n98.73\n574.72\n10,044.30\n18,890.21\n21,808.52\nPublic Non Financial Corporations\n1,615,646,416.58\n983,290.25\n966,293.32\n926,934.51\n906,717.79\n827,622.11\n1,344,304.21\n1,532,030.41\n1,264,192.72\n914,333.23\n944,926.32\n1,468,586.67\n1,432,982.20\nPrivate Sector\n39,450,759,914.33\n23,982,040.42\n25,023,652.76\n26,710,314.65\n28,789,279.36\n29,765,671.04\n50,454,504.24\n58,250,398.50\n53,630,473.13\n55,478,969.74\n56,741,739.38\n57,193,716.18\n59,270,424.82\nCentral Bank\n325,816,652.62\n148,908.53\n153,636.33\n237,798.15\n234,893.40\n231,229.46\n354,102.93\n437,245.57\n402,425.98\n403,340.54\n519,441.90\n538,877.81\n545,436.23\nODCs\n39,124,943,261.71\n23,833,131.89\n24,870,016.43\n26,472,516.50\n28,554,385.96\n29,534,441.57\n50,100,401.31\n57,813,152.92\n53,228,047.15\n55,075,629.21\n56,222,297.48\n56,654,838.36\n58,724,988.59\n0.00\n0.00\nOther Items(Net)\n-67,376,851,136.55\n-32,095,907.64 -48,116,393.84 -32,552,170.16\n-30,977,055.21\n-32,135,795.97\n-55,657,741.84\n-60,656,446.41\n-59,780,950.61\n-60,196,767.38\n-25,402,507.66\n-22,075,188.27\n-19,562,268.99\nShares and Other Equity\n-60,601,283,933.04\n-30,585,321.84\n-170,501.60 -26,189,804.03\n-24,667,528.43\n-22,936,612.12\n-40,127,307.25\n-45,626,610.38\n-43,527,595.47\n-41,180,164.06\n-6,956,765.33\n-3,405,923.44\n-1,135,806.95\nLiabilities to Other Financial Corporations\n361,061,719.66\n222,678.57\n150.24\n13,223.72\n12,000.37\n12,502.97\n51,080.87\n16,114.32\n42,655.67\n112,460.71\n26,627.71\n17,389.20\n16,407.70\nRestricted Deposits\n1,707,978,424.98\n1,197,298.85\n1,441.12\n1,719,547.05\n1,550,879.71\n2,087,873.41\n3,658,367.58\n3,837,899.15\n3,788,058.77\n4,320,759.37\n4,381,221.41\n6,468,476.55\n6,947,336.89\nDeposits and Securities Excluded from Base Money\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nOther Items(net)\n-8,844,607,348.16\n-2,930,563.22 -47,947,483.60\n-8,095,136.89\n-7,872,406.86\n-11,299,560.23\n-19,239,883.04\n-18,883,849.50\n-20,084,069.58\n-23,449,823.40\n-22,853,591.44\n-25,155,130.58\n-25,390,206.62\n0.87\n0.00\n0.00\nBroad Money-M3\n59,171,485,476.79\n38,754,785.83\n41,027,614.86\n42,726,472.69\n45,975,633.45\n46,473,210.27\n75,007,960.60\n87,582,919.14\n83,226,827.66\n87,448,956.66\n87,120,751.72\n85,635,147.80\n91,530,885.83\nSecurities Other than Shares Included in Broad Money\n6,990,856.69\n2,795.45\n4,372.61\n3,991.57\n19,182.77\n26,605.39\n23,833.50\n42,725.53\n0.00\n0.00\n0.00\n0.00\n0.00\nBroad Money-M2\n59,164,494,620.10\n38,751,990.38\n41,023,242.25\n42,722,481.12\n45,956,450.68\n46,446,604.88\n74,984,127.10\n87,540,193.61\n83,226,827.66\n87,448,956.66\n87,120,751.72\n85,635,147.80\n91,530,885.83\nOther Deposits\n4,455,813,258.33\n2,705,479.15\n3,276,458.32\n3,820,450.80\n3,890,292.40\n3,878,305.91\n5,866,414.39\n7,892,499.20\n7,727,403.75\n8,189,143.57\n8,859,837.75\n9,071,113.84\n8,510,387.50\nof which Foreign Currency Accounts\n3,750,078,066.25\n2,426,638.27\n2,953,225.13\n3,343,135.17\n3,425,730.40\n3,030,905.19\n4,839,186.89\n6,654,693.18\n5,209,298.79\n5,598,125.36\n6,742,783.93\n6,673,160.63\n6,169,444.57\nNarrow Money-M1\n54,708,681,361.76\n36,046,511.23\n37,746,783.93\n38,902,030.31\n42,066,158.28\n42,568,298.97\n69,117,712.70\n79,647,694.41\n75,499,423.91\n79,259,813.10\n78,260,913.98\n76,564,033.96\n83,020,498.33\nTransferable Deposits\n54,692,210,233.09\n36,036,209.11\n37,708,555.23\n38,850,801.81\n42,007,923.88\n42,499,225.86\n69,037,218.46\n79,550,713.83\n75,399,727.29\n79,160,579.60\n78,157,438.79\n76,460,871.33\n82,914,660.23\n Of which Foreign Currency Accounts\n47,611,823,202.81\n29,423,827.38\n30,036,317.64\n30,193,905.30\n31,635,023.78\n31,676,246.48\n57,112,771.32\n69,086,187.32\n64,595,580.16\n67,208,792.78\n66,512,430.68\n64,297,902.32\n69,259,210.27\nCurrency Outside Depository Corporations\n16,471,128.68\n10,302.12\n38,228.70\n51,228.50\n58,234.40\n69,073.11\n80,494.25\n96,980.58\n99,696.61\n99,233.50\n103,475.18\n103,162.63\n105,838.10\nMemorandum Items\nReserve Money\n6,141,481,651.19\n4,892,122.31\n6,639,450.71\n7,238,618.14\n7,282.11\n7,708.04\n13,606.58\n20,428,825.74\n20,028,010.53\n20,395,116.65\n21,688,509.63\n21,184,516.26\n22,726,335.23\nFCAs as a Percentage of Deposits in M3\n86.8%\n82.2%\n80.5%\n78.6%\n76.4%\n74.8%\n82.7%\n86.6%\n84.0%\n83.4%\n84.2%\n82.9%\n82.5%\nEnd Period Exchange Rate\n22,055.47\n13.43\n13.32\n13.70\n13.79\n13.85\n24.88\n28.68\n25.45\n25.80\n26.37\n26.56\n26.77\nSource: Reserve Bank of Zimbabwe, 2025\nNotes:\n(i) Depository corporations survey - formerly Monetary Survey.\n(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.\n(iii) Transferable deposits made up of demand and savings deposits.\n(iv) NCDs are also referred to as securities included in broad money.\n(v) All classes of time deposits, short and long term are classified as time deposits, which are also termed other deposits.\n(vi) Credit to the private sector now excludes claims on other financial corporations, as well as claims on state and local government (local authorities)\n(vii) Depository corporations made up of the Central Bank and other depository corporations\n(viii) Other depository corporations (ODCs) - Commercial banks, merchant banks, building societies and POSB.\n(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\n(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 \n(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\n(xii) All monetary and financial statistics are valued in $ since the introduction of the interbank foreign exchange market in February 2019\n(xii) All monetary and financial statistics are valued in ZWL$ since the introduction of the interbank foreign exchange market in February 2019\n*Statistics are denominated in ZiG\n TABLE 1: DEPOSITORY CORPORATIONS SURVEY (ZWG '000)\n30 \n \n \n \n \n \nMar-24\n*Apr-24\n*May-24\n*Jun-24\nJul-24\nAug-24\nSep-24\nOct-24\nNov-24\nDec-24\nJan-25\nFeb-25\nMar-25\nNet Foreign Assets\n-77,865,030,279.36\n-35,698,765.79\n-34,641,175.73\n-34,723,910.35\n-34,509,441.34\n-34,520,053.81\n-62,586,924.75\n-66,392,291.76\n-57,686,803.02\n-56,911,905.66\n-58,197,285.15\n-60,030,706.89\n-55,922,579.95\nClaims on Non Residents\n12,179,330,672.54\n9,276,276.05\n9,502,376.00\n10,293,011.52\n10,301,545.49\n10,342,781.57\n17,610,056.98\n24,512,816.63\n22,229,005.79\n23,239,748.84\n23,967,010.24\n23,087,880.76\n28,287,077.32\nOfficial Reserves Assets\n2,707,777,264.85\n3,630,141.09\n4,432,806.91\n4,886,166.52\n4,653,584.80\n4,669,127.60\n7,448,226.11\n12,833,764.95\n12,029,876.12\n12,507,847.00\n13,012,028.64\n12,782,102.88\n16,201,301.25\nOther Foreign Assets\n9,471,553,407.69\n5,646,134.96\n5,069,569.09\n5,406,845.01\n5,647,960.69\n5,673,653.97\n10,161,830.87\n11,679,051.69\n10,199,129.67\n10,731,901.84\n10,954,981.61\n10,305,777.88\n12,085,776.07\nLess Liabilities to Non Residents\n90,044,360,951.90\n44,975,041.84\n44,143,551.73\n45,016,921.88\n44,810,986.83\n44,862,835.37\n80,196,981.74\n90,905,108.39\n79,915,808.81\n80,151,654.50\n82,164,295.39\n83,118,587.65\n84,209,657.27\nShort Term Liabilities\n890,130,623.01\n181,911.80\n69,004.62\n68,518.82\n67,276.01\n43,925.27\n121,431.23\n139,956.61\n124,234.37\n127,599.01\n130,779.08\n132,089.98\n95,836.21\nOther Foreign Liabilities*\n89,154,230,328.89\n44,793,130.04\n44,074,547.11\n44,948,403.06\n44,743,710.82\n44,818,910.10\n80,075,550.51\n90,765,151.78\n79,791,574.44\n80,024,055.49\n82,033,516.31\n82,986,497.67\n84,113,821.06\n of which blocked funds\n17,401,899,562.68\n10,572,458.80\n10,463,756.31\n10,741,167.48\n10,788,191.71\n10,803,573.95\n19,394,800.27\n22,213,360.59\n19,667,091.04\n17,365,023.44\n17,716,697.60\n17,848,335.07\n17,984,719.26\nNet Domestic Assets (NDA)\n84,006,511,930.55\n40,590,888.10\n41,280,626.44\n41,962,528.50\n41,791,554.54\n42,228,093.95\n76,193,502.44\n86,821,117.50\n77,714,813.55\n77,307,022.31\n79,885,794.78\n81,215,223.15\n78,648,915.18\nDomestic Claims\n8,857,704,487.83\n5,031,817.01\n6,130,750.57\n4,656,410.16\n5,047,780.51\n5,013,687.28\n8,125,977.73\n9,923,292.64\n6,798,072.76\n6,804,389.32\n42,570,173.06\n45,225,552.88\n47,071,770.46\nNet Claims on Central Government\n8,045,520,594.23\n4,636,916.01\n5,731,008.28\n4,168,115.22\n4,561,043.88\n4,530,061.03\n7,398,047.70\n9,065,948.80\n6,011,686.04\n6,357,409.42\n42,007,556.24\n44,015,827.34\n45,839,370.71\nClaims on Central Government\n13,434,742,848.85\n7,155,621.00\n7,206,353.91\n7,425,969.04\n7,375,080.86\n7,694,199.15\n13,333,000.40\n16,905,321.56\n15,342,327.17\n15,948,975.81\n51,342,654.13\n48,573,045.84\n50,689,516.96\nOf which: Securities Other than Shares\n11,307,721,896.70\n6,909,934.78\n6,872,112.81\n7,091,361.49\n7,151,406.10\n7,200,851.85\n12,949,528.58\n15,003,331.18\n13,352,395.70\n13,877,094.68\n14,218,896.68\n14,323,594.21\n14,476,546.84\nLoans\n2,127,020,952.15\n18,987,003.94\n19,240,024.68\n19,894,608.43\n20,306,841.23\n20,857,284.75\n36,207,404.66\n41,005,471.86\n36,061,335.49\n36,445,102.15\n37,123,757.45\n34,249,451.63\n36,212,970.13\n Loans and Advances\n1,560,372,567.07\n791,535.04\n1,044,827.19\n1,287,212.83\n1,588,971.09\n1,589,532.00\n1,656,113.81\n1,575,286.73\n1,576,279.86\n1,579,038.55\n1,582,383.97\n8,684.84\n8,274.06\nAmounts Due from Gvt including SDR Drawdowns\n18,195,468.90\n18,195,197.49\n18,607,395.60\n18,717,870.13\n19,267,752.75\n34,551,290.84\n39,430,185.13\n34,485,055.62\n34,866,063.60\n35,541,373.47\n34,240,766.79\n36,204,696.07\n of which USD Securities revaluations (Exchange rate movements)\n17,984,314.62\n17,896,022.73\n18,308,220.85\n18,563,850.74\n18,972,797.61\n34,256,335.70\n39,103,481.48\n34,071,404.01\n34,373,221.03\n35,256,525.16\n35,520,014.26\n36,233,075.89\n Export Incentives\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nLess Liabilities to Central Government\n5,389,222,254.62\n3,275,708.09\n3,252,306.99\n4,509,829.40\n4,333,364.64\n4,555,305.67\n7,502,600.61\n7,839,372.76\n9,330,641.14\n9,591,566.38\n9,335,097.88\n4,557,218.50\n4,850,146.25\nOf which: Deposits\n5,389,222,254.62\n3,275,708.09\n3,252,306.99\n4,509,829.40\n4,333,364.64\n4,555,305.67\n7,502,600.61\n7,839,372.76\n9,330,641.14\n9,591,566.38\n9,335,097.88\n4,557,218.50\n4,850,146.25\nof which Foreign Currency\n2,744,563.43\n2,472,546.52\n3,275,403.93\n3,115,314.66\n3,469,715.70\n6,332,620.41\n7,620,209.73\n9,113,050.30\n9,291,474.24\n8,231,669.88\n3,875,544.34\n4,410,312.03\nLocal Currency Deposits\n0.00\n779,760.48\n1,234,425.47\n1,218,049.98\n1,085,589.96\n1,169,980.20\n219,163.03\n217,590.84\n300,092.14\n1,103,428.01\n681,674.17\n439,834.22\nOther \n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nClaims on Other Sectors\n812,183,893.60\n399,742.29\n488,294.95\n486,736.63\n483,626.25\n727,930.03\n857,343.85\n797,259.39\n446,979.90\n562,616.82\n1,209,725.54\n1,232,399.74\n4,410,312.03\nOther Financial Corporations\n153,883,742.34\n63,265.43\n62,779.58\n63,295.04\n64,046.07\n64,253.89\n68,325.03\n80,132.55\n31,350.72\n31,714.65\n245,531.91\n256,427.81\n439,834.22\nState and Local Government\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nPublic Non Financial Corporations\n332,483,498.63\n182,840.53\n187,717.21\n188,548.19\n188,350.72\n309,573.20\n351,773.24\n314,700.86\n12,288.64\n11,460.27\n425,315.82\n430,535.71\n1,232,399.74\nPrivate Sector\n325,816,652.62\n153,636.33\n237,798.15\n234,893.40\n231,229.46\n354,102.93\n437,245.57\n402,425.98\n403,340.54\n519,441.90\n538,877.81\n545,436.23\n256,427.81\nClaims on Other Depository Corporations\n684,600,925.61\n364,055.43\n361,687.12\n362,068.58\n322,950.33\n315,110.77\n546,767.88\n591,244.82\n1,571,336.21\n907,944.93\n794,549.14\n948,290.62\n1,059,387.09\nOf which: Loans\n684,600,925.61\n364,055.43\n361,687.12\n362,068.58\n322,950.33\n315,110.77\n546,767.88\n591,244.82\n1,571,336.21\n907,944.93\n794,549.14\n948,290.62\n1,059,387.09\nOther Liabilities to ODCs\n10,984,562,862.67\n5,672,540.16\n6,381,133.30\n5,909,428.26\n5,505,978.19\n5,409,080.16\n4,538,818.97\n6,707,055.64\n8,873,541.61\n8,273,621.31\n7,914,935.58\n8,889,894.56\n9,408,949.80\nOf which: Aftrades Balances\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n Securities\n3,557,870,717.73\n2,260,627.63\n2,214,947.71\n2,314,576.53\n2,802,338.07\n2,870,625.13\n1,385,743.24\n1,724,801.18\n2,144,377.64\n2,002,013.98\n1,650,524.42\n2,378,356.92\n2,749,153.11\n0.00\n0.00\n0.00\nOther Items(Net)\n-85,448,769,379.78\n-24,446,212.35\n-24,040,309.79\n-24,497,077.93\n-23,362,963.07\n-23,335,606.17\n-37,803,290.88\n-43,528,194.29\n-44,136,669.51\n-43,495,088.34\n-44,436,008.16\n-43,931,274.21\n-39,926,707.42\nShares and Other Equity\n-84,000,619,819.97\n-24,240,753.70\n-23,915,831.50\n-24,236,240.32\n-23,332,831.27\n-23,091,435.83\n-37,896,149.54\n-43,845,102.64\n-41,767,525.41\n-39,722,515.26\n-40,716,687.65\n-38,350,823.50\n-37,337,007.50\nOther Items(Net)\n-3,189,753,793.28\n-1,523,004.67\n-2,100,723.61\n-2,120,667.23\n-1,846,508.62\n-2,396,362.99\n-3,908,731.83\n-4,040,258.56\n-6,511,308.80\n-8,239,991.34\n-8,373,471.14\n-12,139,470.53\n-10,080,715.57\nLiabilities to Other Resident Sectors\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nDeposits and Securities Excluded from Base Money\n1,741,604,233.46\n1,317,546.03\n1,976,245.32\n1,859,829.62\n1,816,376.82\n2,152,192.65\n4,001,590.49\n4,357,166.91\n4,142,164.71\n4,467,418.26\n4,654,150.62\n6,559,019.82\n7,491,015.65\nMonetary Base \n6,141,481,651.19\n6,455,093.44\n6,639,450.71\n7,238,618.14\n7,282,113.20\n7,708,040.15\n13,606,577.69\n20,428,825.74\n20,028,010.53\n20,395,116.65\n21,688,509.63\n21,184,516.26\n22,726,335.23\nZWL Coins\n51,536.90\n20.39\n16.95\n15.26\n14.33\n14.27\n14.27\n14.27\n14.27\n14.27\n14.27\n14.27\n14.27\nZWL Notes\n19,250,549.61\n7,646.53\n7,646.25\n7,641.71\n6,018.48\n5,288.65\n5,288.65\n5,288.65\n5,288.65\n5,288.65\n5,288.65\n5,288.65\n5,288.65\nZig Notes\n1,240.55\n12,162.56\n16,066.84\n20,175.22\n26,774.05\n33,546.57\n35,318.43\n35,320.20\n35,320.10\n35,322.26\n35,322.72\n35,323.23\nZiG Coins\n8,848.60\n33,390.00\n36,721.62\n39,548.30\n43,392.05\n49,516.41\n113,067.78\n131,664.45\n141,250.42\n149,157.47\n155,377.61\n163,557.87\nLiabilities to ODCs\n6,122,179,564.68\n6,437,337.37\n6,586,234.95\n7,178,172.71\n7,216,356.87\n7,632,571.13\n13,518,211.78\n20,275,136.61\n19,855,722.95\n20,213,243.21\n21,498,726.98\n20,988,513.01\n22,522,151.21\nReserve Deposits\n4,760,466.26\n5,381,967.87\n5,674,932.79\n6,001,808.11\n6,198,549.50\n11,991,225.66\n17,272,213.17\n16,096,475.01\n16,691,280.01\n17,918,322.64\n17,853,262.69\n17,411,472.42\n Local Currency Reserve Deposits\n782,882,894.59\n588,261.85\n852,988.66\n1,019,521.43\n1,293,912.63\n1,392,957.07\n1,999,399.49\n2,851,765.21\n2,965,905.06\n2,935,341.50\n2,981,537.53\n3,152,253.26\n3,222,430.88\n Foreign Currency Reserve Deposits\n5,293,831,558.25\n4,172,204.40\n4,528,979.21\n4,655,411.36\n4,707,895.48\n4,805,592.43\n9,991,826.17\n14,420,447.97\n13,130,569.95\n13,755,938.51\n14,936,785.11\n14,701,009.42\n14,189,041.54\n Exess reserves \n45,465,111.84\n1,676,871.11\n1,204,267.07\n1,503,239.92\n1,214,548.76\n1,434,021.62\n1,526,986.12\n3,002,923.43\n3,759,247.94\n3,521,963.20\n3,580,404.34\n3,135,250.32\n5,110,678.79\n of which Excess reserves - ZiG\n113,899.99\n124,143.39\n145,185.75\n87,381.11\n143,711.96\n165,752.71\n338,542.12\n406,286.37\n398,701.95\n275,478.64\n440,419.67\n363,524.21\n Excess reserves - FCA\n1,562,971.12\n1,080,123.68\n1,358,054.17\n1,127,167.65\n1,290,309.66\n1,361,233.41\n2,664,381.31\n3,352,961.57\n3,123,261.25\n3,304,925.70\n2,694,830.66\n4,747,154.58\nPrivate Deposits\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nSource: Reserve Bank of Zimbabwe 2025\n*Statistics are denominated in ZiG\n TABLE 2: CENTRAL BANK SURVEY (ZWG'000) \n31 \n \n \n \n \nMar-24\n*Apr-24\n*May-24\n*Jun-24\nJul-24\nAug-24\nSep-24\nOct-24\nNov-24\nDec-24\nJan-25\nFeb-25\nMar-25\nNet Foreign Assets\n11,606,860,302.06\n6,841,962.55\n6,864,056.48\n6,861,295.92\n7,506,228.34\n6,703,991.82\n11,311,763.23\n11,863,962.98\n9,303,347.77\n9,621,512.62\n8,676,451.76\n9,929,740.55\n9,228,814.05\nClaims on Non Residents\n18,155,224,099.23\n10,973,836.76\n11,293,656.76 11,679,328.24\n12,352,811.95\n11,598,442.41\n20,019,415.47\n21,861,671.92\n17,752,438.09\n19,141,214.17\n19,229,144.68\n20,477,933.09\n22,371,396.07\nOf Which: Foreign Currency\n9,785,505,639.81\n4,794,837.35\n4,337,566.82\n4,753,113.49\n5,739,936.96\n6,444,888.52\n10,895,905.76\n13,662,079.40\n11,233,737.69\n10,274,553.25\n12,729,369.89\n11,621,925.79\n9,274,836.62\nDeposits\n8,323,896,983.03\n6,152,462.49\n6,929,621.83\n6,902,261.76\n6,586,859.83\n5,128,037.09\n9,069,019.76\n8,153,531.84\n6,482,287.97\n8,827,755.41\n6,459,994.39\n8,811,625.28\n13,051,049.62\nOther\n45,821,476.40\n26,536.92\n26,468.12\n23,952.99\n26,015.17\n25,516.80\n54,489.96\n46,060.69\n36,412.43\n38,905.51\n39,780.40\n44,382.02\n45,509.84\nLess Liabilities to Non Residents\n6,548,363,797.17\n4,131,874.21\n4,429,600.28\n4,818,032.32\n4,846,583.61\n4,894,450.59\n8,707,652.25\n9,997,708.95\n8,449,090.32\n9,519,701.55\n10,552,692.92\n10,548,192.54\n13,142,582.02\nOf Which: Deposits\n2,837,026,028.04\n1,874,340.18\n1,941,676.30\n2,023,747.02\n1,715,870.69\n1,688,391.39\n2,976,714.87\n3,361,036.04\n2,691,546.72\n3,251,085.67\n3,669,921.39\n3,691,797.46\n4,928,822.48\nLoans\n3,711,337,769.13\n2,257,534.02\n2,487,923.98\n2,794,285.29\n3,130,712.92\n3,206,059.20\n5,730,937.38\n6,636,672.91\n5,757,543.59\n6,268,615.88\n6,882,771.53\n6,856,395.09\n8,213,759.54\nOther\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nNet Domestic Assets (NDA)\n47,514,528,237.56\n31,782,273.98\n33,785,421.43 35,673,665.70\n38,145,673.59\n39,635,826.10\n63,272,480.21\n75,102,707.82\n73,469,677.34\n77,581,551.65\n78,067,895.57\n75,511,701.35\n81,652,554.92\nDomestic Claims\n49,195,099,829.70\n30,483,864.43\n31,543,958.04 33,380,506.81\n36,954,010.73\n37,139,789.00\n62,499,402.56\n71,531,508.87\n65,031,259.53\n67,738,193.00\n68,668,904.40\n68,435,372.99\n71,590,612.29\nNet Claims on Central Government\n8,137,248,966.22\n5,584,180.30\n5,547,369.71\n5,745,341.04\n7,293,076.13\n6,548,202.35\n10,591,046.35\n11,703,334.97\n10,121,437.02\n10,961,408.94\n10,725,014.88\n9,938,491.66\n10,974,863.01\nClaims on Central Government\n8,652,815,980.77\n5,827,034.95\n5,897,338.50\n6,334,601.55\n7,731,687.11\n7,081,139.08\n11,174,323.23\n12,330,801.46\n10,798,672.42\n11,677,830.99\n11,429,017.37\n10,874,884.43\n11,880,042.80\nSecurities\n8,605,206,635.58\n5,583,192.64\n5,867,704.45\n6,309,901.96\n7,706,557.44\n6,955,089.37\n10,929,386.91\n12,091,791.23\n10,509,483.63\n11,621,387.80\n11,371,369.87\n10,816,740.04\n11,771,258.78\nLoans\n47,609,345.19\n243,842.32\n29,634.05\n24,699.60\n25,129.68\n126,049.71\n244,936.32\n239,010.23\n289,188.79\n56,443.19\n57,647.49\n58,144.40\n108,784.02\nOther \n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nLess Liabilities to Central Government\n515,567,014.55\n242,854.65\n349,968.79\n589,260.52\n438,610.98\n532,936.72\n583,276.88\n627,466.49\n677,235.40\n716,422.05\n704,002.49\n936,392.77\n905,179.80\nOf which: Deposits\n515,567,014.55\n242,854.65\n349,968.79\n589,260.52\n438,610.98\n532,936.72\n583,276.88\n627,466.49\n677,235.40\n716,422.05\n704,002.49\n936,392.77\n905,179.80\nOther \n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nClaims on Other Sectors\n41,057,850,863.48\n24,899,684.12\n25,996,588.33 27,635,165.77\n29,660,934.60\n30,591,586.65\n51,908,356.20\n59,828,173.90\n54,909,822.51\n56,776,784.05\n57,943,889.52\n58,496,881.33\n60,615,749.28\nOther Financial Corporations\n649,601,336.03\n295,553.50\n371,891.66\n452,086.38\n418,360.70\n447,828.48\n803,033.30\n864,824.64\n762,328.72\n811,209.93\n778,081.69\n779,881.90\n866,505.68\nState and Local Government\n143,347.81\n1,803.44\n1,371.69\n1,489.84\n162.58\n189.44\n334.82\n83.40\n98.73\n574.72\n10,044.30\n18,890.21\n21,808.52\nPublic Non Financial Corporations\n1,283,162,917.94\n769,195.30\n753,308.55\n709,073.06\n688,025.36\n609,127.16\n1,004,586.77\n1,150,112.93\n919,347.91\n889,370.20\n933,466.05\n1,043,270.85\n1,002,446.49\nPrivate Sector\n39,124,943,261.71\n23,833,131.89\n24,870,016.43\n26,472,516.50\n28,554,385.96\n29,534,441.57\n50,100,401.31\n57,813,152.92\n53,228,047.15\n55,075,629.21\n56,222,297.48\n56,654,838.36\n58,724,988.59\n0.00\n0.00\nClaims on the Central Bank\n16,737,574,909.26\n11,097,658.79\n12,455,525.64 12,775,616.04\n11,481,325.31\n13,543,158.02\n22,444,626.84\n30,514,072.84\n32,279,220.71\n32,226,426.11\n32,420,854.58\n31,974,529.83\n33,565,803.01\nCurrency\n2,830,957.84\n7,453.94\n14,987.06\n9,216.94\n7,521.93\n6,395.91\n7,871.66\n56,708.55\n72,590.97\n82,639.94\n86,307.47\n92,840.62\n98,345.92\nReserves\n16,734,743,951.43\n11,090,204.85\n12,420,731.87\n12,746,019.20\n11,453,300.33\n13,516,156.89\n22,399,747.84\n30,414,709.72\n29,835,562.13\n32,109,976.20\n32,300,632.15\n31,847,522.25\n33,387,025.38\nSecurities\n0.00\n0.00\n19,806.72\n20,379.90\n20,503.05\n20,605.22\n37,007.33\n42,654.56\n2,371,067.62\n33,809.97\n33,914.96\n34,166.96\n80,431.70\nOther Claims\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\nLiabilities to the Central Bank\n95,704,985.13\n67,448.03\n50,898.37\n99,769.05\n99,872.51\n109,931.02\n491,438.62\n429,739.68\n409,274.64\n233,008.13\n368,655.55\n536,903.93\n546,505.15\nOther Items(Net)\n18,322,441,516.27\n9,731,801.21\n10,163,163.89 10,382,688.10\n10,189,789.94\n10,937,189.89\n21,180,110.57\n26,513,134.21\n23,431,528.27\n22,150,059.32\n22,653,207.86\n24,361,297.54\n22,957,355.23\nShares and Other Equity\n23,399,335,886.93\n11,639,746.46\n13,617,857.06\n16,354,657.14\n17,229,141.66\n19,127,593.60\n32,025,127.21\n37,321,973.73\n32,311,333.95\n32,915,572.23\n33,759,922.32\n34,944,900.06\n36,201,200.55\nLiabilities to other ressident sectors\n361,061,719.66\n222,678.57\n4,558.25\n13,223.72\n12,000.37\n12,502.97\n51,080.87\n16,114.32\n42,655.67\n112,460.71\n26,627.71\n17,389.20\n16,407.70\nOther Items(Net)\n-5,437,956,090.32\n-2,130,623.82\n-3,459,251.43\n-5,985,192.76\n-7,051,352.09\n-8,202,906.68\n-10,896,097.52\n-10,824,953.85\n-8,922,461.35\n-10,877,973.62\n-11,133,342.17\n-10,600,991.71\n-13,260,253.02\nDeposits and Securities Included in Broad Money\n59,121,388,539.63\n38,624,236.53\n40,649,477.91 42,534,961.62\n45,651,901.94\n46,339,817.92\n74,584,243.43\n86,966,670.79\n82,773,025.11\n87,203,064.28\n86,744,347.32\n85,441,441.90\n90,881,368.97\nDeposits Included in Broad Money\n59,114,397,682.94\n38,621,441.08\n40,645,105.30\n42,530,970.04\n45,632,719.17\n46,313,212.53\n74,560,409.93\n86,923,945.26\n82,773,025.11\n87,203,064.28\n86,744,347.32\n85,441,441.90\n90,881,368.97\nTransferable Deposits\n54,658,584,424.60\n35,915,961.93\n37,368,646.98\n38,710,519.24\n41,742,426.77\n42,434,906.62\n68,693,995.54\n79,031,446.06\n75,045,621.35\n79,013,920.71\n77,884,509.57\n76,370,328.06\n82,370,981.47\n of which FCAs\n47,588,241,673.51\n29,421,560.87\n29,788,818.17\n30,114,642.50\n31,415,685.01\n31,648,530.18\n56,811,012.62\n68,608,644.80\n64,281,472.90\n67,075,955.67\n66,339,658.20\n64,290,589.64\n68,788,012.75\nOther Deposits\n4,455,813,258.33\n2,705,479.15\n3,276,458.32\n3,820,450.80\n3,890,292.40\n3,878,305.91\n5,866,414.39\n7,892,499.20\n7,727,403.75\n8,189,143.57\n8,859,837.75\n9,071,113.84\n8,510,387.50\n of which FCAs\n3,750,078,066.25\n2,426,638.27\n2,953,225.13\n3,343,135.17\n3,425,730.40\n3,030,905.19\n4,839,186.89\n6,654,693.18\n5,209,298.79\n5,598,125.36\n6,742,783.93\n6,673,160.63\n6,169,444.57\nMoney Market Instruments\n6,990,856.69\n2,795.45\n4,372.61\n3,991.57\n19,182.77\n26,605.39\n23,833.50\n42,725.53\n0.00\n0.00\n0.00\n0.00\n0.00\n Source: Reserve Bankof Zimbabwe, 2025\n*Statistics are denominated in ZiG\nTABLE 3: OTHER DEPOSITORY CORPORATIONS SURVEY (ZWG'000)\n32 \n \n \nZWG Thousands\nEnd of\nGold\nOther\nTotal\nTreasury Bills\nCentral\nBanks\nOther\nGovt.\nOther\nOther Assets\nTOTAL\nGovernment\nStock\n2021\nJan\n172,422.4\n18,514,683.1\n18,687,105.4\n6,165,262.6\n18,437,148.8\n2,564,013.7\n7,845,851.8\n0.0\n205,904.7\n6,726,004.2\n60,631,291.2\nFeb\n164,474.3\n17,693,200.2\n17,857,674.5\n6,095,109.2\n18,695,624.2\n2,678,324.8\n8,110,252.7\n0.0\n704,855.5\n6,818,055.7\n60,959,896.5\nMar\n159,880.8\n23,080,223.7\n23,240,104.6\n5,962,815.3\n19,714,713.8\n2,055,511.3\n7,418,491.6\n0.0\n704,855.5\n7,993,138.8\n67,089,630.8\nApr\n167,570.1\n17,947,444.3\n18,115,014.4\n5,871,229.6\n22,005,617.7\n2,433,322.8\n8,948,936.8\n0.0\n1,536,872.8\n13,430,548.5\n72,341,542.6\nMay\n171,432.2\n20,162,745.0\n20,334,177.2\n5,850,605.1\n22,465,781.8\n3,018,822.7\n9,030,329.0\n0.0\n1,606,872.8\n15,447,639.2\n77,754,227.8\nJun\n168,571.5\n32,968,499.7\n33,137,071.2\n5,809,922.7\n18,675,222.7\n3,426,911.2\n12,018,425.8\n0.0\n1,606,872.8\n13,139,983.0\n87,814,409.3\nJul\n178,555.8\n21,647,885.2\n21,826,441.0\n5,803,706.3\n16,952,495.3\n3,478,459.4\n10,464,191.0\n0.0\n1,606,872.8\n14,712,334.1\n74,844,499.9\nAug\n177,982.1\n106,069,437.7\n106,247,419.8\n5,778,201.7\n17,005,332.9\n3,525,244.7\n13,574,836.0\n0.0\n1,606,872.8\n15,941,939.8\n163,679,847.8\nSep\n173,237.9\n103,520,069.9\n103,693,307.8\n5,767,697.2\n17,833,656.5\n3,296,141.9\n17,005,018.5\n0.0\n2,243,680.6\n15,544,611.3\n165,384,113.7\nOct\n199,208.6\n112,129,177.5\n112,328,386.1\n5,748,064.6\n25,695,250.0\n3,969,163.2\n20,206,279.4\n0.0\n2,243,680.6\n14,447,196.8\n184,638,020.7\nNov\n215,992.0\n121,327,907.8\n121,543,899.8\n5,737,560.0\n27,349,310.6\n4,856,091.3\n21,759,542.1\n0.0\n2,463,488.2\n15,868,332.7\n199,578,224.8\nDec\n225,772.8\n134,237,129.6\n134,462,902.4\n5,725,696.7\n51,228,986.8\n4,919,969.8\n22,342,311.1\n0.0\n2,463,488.2\n-8,097,011.0\n213,046,344.1\n2022\nJan\n235,763.3\n109,708,346.2\n109,944,109.5\n5,709,408.9\n52,667,064.3\n5,611,159.5\n19,041,740.9\n0.0\n2,963,488.2\n15,554,203.8\n211,491,175.1\nFeb\n270,813.7\n121,963,827.5\n122,234,641.2\n5,698,904.3\n53,343,629.6\n5,710,038.8\n25,077,085.8\n0.0\n2,963,488.2\n16,236,739.6\n231,264,527.6\nMar\n312,775.9\n141,125,554.6\n141,438,330.5\n5,628,648.4\n55,987,602.8\n10,763,971.7\n22,095,456.7\n0.0\n3,341,227.6\n40,479,788.1\n279,735,025.8\nApr\n347,339.4\n158,165,751.2\n158,513,090.6\n5,618,143.8\n58,769,044.7\n11,883,261.4\n24,571,816.9\n0.0\n3,341,227.6\n44,921,831.2\n307,618,416.2\nMay\n656,689.2\n294,886,459.6\n295,543,148.8\n5,618,143.8\n78,389,443.4\n7,158,720.8\n43,404,732.4\n0.0\n3,341,227.6\n54,019,333.5\n487,474,750.3\nJun\n790,541.7\n377,477,927.8\n378,268,469.5\n5,618,143.8\n88,353,569.1\n9,947,986.8\n54,976,995.8\n0.0\n3,341,227.6\n73,353,516.5\n613,859,909.2\nJul\n1,622,450.3\n457,498,669.8\n459,121,120.0\n11,099,253.3\n89,490,529.9\n11,136,478.9\n69,403,348.4\n0.0\n3,441,227.6\n75,423,298.3\n719,115,256.5\nAug\n3,853,408.2\n460,570,799.4\n464,424,207.6\n16,894,372.0\n233,300,046.1\n26,441,912.9\n85,506,977.0\n0.0\n3,441,227.6\n95,708,175.1\n925,716,918.4\nSep\n1,213,569.6\n422,128,573.4\n423,342,143.1\n24,148,817.3\n240,464,254.5\n40,716,900.0\n102,506,548.5\n0.0\n3,441,227.6\n159,983,505.1\n994,603,396.2\nOct\n1,217,226.0\n419,396,410.3\n420,613,636.3\n32,085,268.1\n242,513,386.2\n42,205,302.9\n114,090,154.4\n0.0\n3,441,227.6\n198,788,800.6\n1,053,737,776.0\nNov\n1,344,517.8\n460,251,610.0\n461,596,127.8\n58,861,123.7\n274,274,026.6\n34,171,755.6\n120,322,393.5\n0.0\n3,441,227.6\n229,604,841.4\n1,182,271,496.3\nDec\n1,451,897.4\n573,962,353.3\n575,414,250.7\n95,209,423.9\n229,348,483.4\n25,067,909.5\n124,017,370.0\n0.0\n3,441,227.6\n233,388,357.9\n1,285,887,023.1\n2023\nJan\n1,778,548.0\n455,268,241.4\n457,046,789.5\n115,768,163.2\n324,717,988.5\n41,863,876.4\n143,911,209.1\n0.0\n3,944,009.9\n351,469,241.5\n1,438,721,278.1\nFeb\n1,881,079.8\n472,186,097.3\n474,067,177.1\n141,133,866.7\n466,154,107.2\n43,495,912.8\n165,282,524.5\n0.0\n4,316,109.0\n380,513,866.7\n1,674,963,564.1\nMar\n8,361,808.8\n450,986,992.2\n459,348,801.0\n163,408,985.7\n506,114,174.5\n45,842,895.3\n190,259,970.2\n0.0\n10,278,082.7\n357,149,334.0\n1,732,402,243.4\nApr\n17,580,512.7\n469,533,009.1\n487,113,521.8\n197,483,744.4\n520,092,134.9\n47,004,500.3\n221,942,980.5\n0.0\n10,278,082.7\n411,625,402.0\n1,895,540,366.6\nMay\n41,967,560.6\n1,200,210,636.8\n1,242,178,197.3\n491,408,539.8\n704,673,598.8\n116,825,246.2\n515,608,147.9\n0.0\n10,278,082.7\n500,574,960.0\n3,581,546,772.7\nJun\n117,762,034.7\n4,820,546,063.8\n4,938,308,098.5\n1,282,058,425.6\n963,954,456.3\n267,624,056.0\n989,542,782.6\n0.0\n10,812,510.0\n625,369,215.7\n9,077,669,544.7\nJul\n107,872,764.7\n2,141,339,177.5\n2,249,211,942.3\n1,041,256,825.4\n847,281,667.2\n261,303,321.9\n823,892,701.2\n0.0\n10,812,510.0\n1,041,463,067.2\n6,275,222,035.1\nAug\n121,776,377.3\n2,235,636,955.5\n2,357,413,332.7\n1,354,647,836.1\n918,405,362.6\n238,753,031.6\n644,160,006.2\n0.0\n10,812,510.0\n974,795,606.4\n6,498,987,685.5\nSep\n157,867,702.0\n2,711,272,137.9\n2,869,139,839.9\n1,738,161,413.3\n882,144,726.3\n207,009,026.9\n721,642,582.7\n0.0\n10,812,510.0\n929,692,865.6\n7,358,602,964.7\nOct\n175,059,711.3\n2,755,428,180.5\n2,930,487,891.8\n1,883,996,199.0\n854,777,605.9\n229,347,409.3\n852,138,523.0\n0.0\n10,812,510.0\n908,359,306.7\n7,669,919,445.6\nNov\n193,813,079.6\n2,528,939,841.3\n2,722,752,920.9\n1,984,147,610.1\n994,122,689.6\n246,227,512.2\n436,176,620.3\n0.0\n28,568,218.1\n1,757,844,685.6\n8,169,840,256.7\nDec\n219,636,038.4\n2,530,506,238.1\n2,750,142,276.6\n2,219,186,779.0\n967,084,343.4\n266,265,290.7\n461,260,994.9\n0.0\n28,568,218.1\n1,510,393,923.6\n8,202,901,826.2\n2024\nJan\n381,595,326.5\n4,408,375,943.7\n4,789,971,270.2\n4,440,121,511.3\n1,158,085,023.8\n392,377,252.8\n268,151,409.9\n0.0\n33,459,027.8\n2,756,550,895.7\n13,838,716,391.5\nFeb\n593,120,433.2\n6,572,785,801.0\n7,165,906,234.2\n6,608,105,197.5\n1,690,780,188.6\n503,151,449.6\n390,545,755.0\n0.0\n137,100,371.8\n3,366,873,733.6\n19,862,462,930.3\nMar\n994,244,463.0\n11,185,086,209.6\n12,179,330,672.5\n11,307,721,896.7\n2,127,020,952.2\n684,600,925.6\n593,023,317.9\n0.0\n219,160,575.7\n3,957,976,900.7\n31,068,835,241.3\n*Apr\n662,415.9\n8,613,860.1\n9,276,276.0\n4,746.5\n245,686.2\n364,055.4\n162,577.6\n0.0\n5,132,876.5\n45,863,577.2\n61,049,795.5\n*May\n694,772.6\n8,807,603.4\n9,502,376.0\n4,694.3\n334,241.1\n361,687.1\n168,629.3\n0.0\n5,090,709.7\n45,850,721.8\n61,313,059.2\n*Jun\n1,259,743.2\n9,598,238.9\n10,857,982.2\n1,788.9\n334,607.5\n362,068.6\n253,031.9\n0.0\n5,235,426.7\n46,037,156.7\n63,082,062.5\n*Jul\n1,762,817.5\n9,041,802.2\n10,804,619.8\n7,151,406.1\n223,674.8\n322,950.3\n250,582.0\n0.0\n5,475,669.9\n37,822,603.9\n62,051,506.7\n*Aug\n2,021,930.5\n8,579,964.1\n10,601,894.6\n7,200,851.8\n493,347.3\n315,110.8\n246,731.9\n0.0\n5,502,626.5\n38,241,301.8\n62,601,864.7\n*Sep\n3,961,304.4\n15,588,126.4\n19,549,430.8\n12,949,528.6\n383,471.8\n546,767.9\n371,896.5\n0.0\n9,813,063.3\n63,800,833.0\n107,414,992.0\n*Oct\n5,167,557.7\n20,933,472.1\n26,101,029.8\n15,003,331.2\n1,901,990.4\n591,244.8\n460,364.7\n0.0\n11,296,853.4\n74,144,709.0\n129,499,523.3\n*Nov\n5,401,309.0\n17,061,448.1\n22,462,757.1\n13,352,395.7\n1,989,931.5\n1,582,208.9\n424,226.1\n0.0\n10,034,679.7\n71,315,611.3\n121,161,810.3\n*Dec\n5,764,371.0\n17,838,439.8\n23,602,810.8\n13,877,094.7\n2,071,881.1\n907,944.9\n421,573.0\n0.0\n10,108,237.2\n70,417,050.3\n121,406,592.0\n2025\n*Jan\n6,371,853.9\n17,595,156.4\n23,967,010.2\n14,218,896.7\n37,123,757.4\n794,549.1\n537,209.9\n0.0\n10,329,860.4\n37,012,523.4\n123,983,807.2\n*Feb\n6,665,066.4\n16,422,814.4\n23,087,880.8\n14,323,594.2\n34,249,451.6\n948,290.6\n971,459.8\n0.0\n10,272,973.7\n42,625,602.6\n126,479,253.3\n*Mar\n7,427,485.0\n20,859,592.3\n28,287,077.3\n14,476,546.8\n36,212,970.1\n1,059,387.1\n984,087.0\n0.0\n10,259,096.1\n39,122,007.7\n130,401,172.2\nSource: Reserve Bank of Zimbabwe, 2024\n*Statistics are denominated in ZiG\nTABLE 4.1: RESERVE BANK - ASSETS\n Foreign Assets\nLoans and advances\nInvestments\n33 \n \n \n \n TABLE 4.2 RESERVE BANK: LIABILITIES\nCapital\nand\nForeign\ngeneral\nBond Notes in \nCirculation\nBond Coins in \nCirculation\nBond Notes and\nBankers Deposits \nOther Deposits\nGovt. Deposits\nTotal Deposits\nLiabilities\nreserve\nOther Liabilities\nTOTAL\ncoins* issued\n2021\nJan\n2,603,694.0\n99,709.7\n2,703,403.6\n20,920,048.1\n21,688,620.0\n10,307,762.6\n52,916,430.7\n425,318,694.3\n-459,147,547.1\n38,840,309.7\n60,631,291.2\nFeb\n2,847,426.2\n99,709.7\n2,947,136.0\n22,660,783.0\n24,907,445.2\n9,862,815.0\n57,431,043.2\n428,867,855.1\n-467,159,156.0\n38,873,018.4\n60,959,896.5\nMar\n3,050,378.4\n99,709.9\n3,150,088.2\n20,092,956.4\n30,447,666.0\n15,728,217.8\n66,268,840.2\n427,903,556.2\n-471,095,071.7\n40,862,217.8\n67,089,630.8\nApr\n3,152,287.9\n99,710.0\n3,251,997.9\n22,781,563.8\n31,557,045.4\n10,326,569.7\n64,665,179.0\n420,425,213.3\n-458,343,431.2\n42,342,583.6\n72,341,542.6\nMay\n3,550,401.6\n99,710.1\n3,650,111.7\n25,208,126.4\n29,954,715.7\n7,106,858.3\n62,269,700.5\n438,867,998.8\n-477,762,942.2\n50,729,358.9\n77,754,227.8\nJun\n3,797,075.3\n99,710.1\n3,896,785.4\n31,010,207.0\n35,366,426.1\n12,123,477.0\n78,500,110.2\n441,336,133.8\n-486,305,203.5\n50,386,583.4\n87,814,409.3\nJul\n4,413,772.0\n99,710.2\n4,513,482.2\n25,268,616.0\n39,365,261.3\n9,556,162.6\n74,190,039.9\n433,994,649.5\n-488,981,304.2\n51,127,632.5\n74,844,499.9\nAug\n4,650,585.0\n99,710.2\n4,750,295.2\n27,516,749.2\n19,263,821.8\n10,650,081.3\n57,430,652.3\n518,211,536.1\n-491,527,426.7\n74,814,790.9\n163,679,847.8\nSep\n4,671,398.4\n99,710.1\n4,771,108.5\n26,137,503.7\n18,736,378.0\n13,828,878.2\n58,702,759.9\n525,400,897.5\n-501,914,984.0\n78,424,331.9\n165,384,113.7\nOct\n4,714,194.4\n99,710.1\n4,813,904.5\n23,893,054.5\n25,896,593.1\n13,263,310.5\n63,052,958.1\n582,444,248.0\n-555,638,121.1\n89,965,031.3\n184,638,020.7\nNov\n4,805,542.4\n99,710.1\n4,905,252.6\n30,737,671.8\n27,610,522.4\n15,013,224.4\n73,361,418.5\n629,845,408.6\n-604,000,281.4\n95,466,426.5\n199,578,224.8\nDec\n5,052,397.2\n99,710.2\n5,152,107.4\n30,869,294.1\n32,084,904.4\n8,908,029.2\n71,862,227.7\n647,475,472.6\n-620,887,582.2\n109,444,118.6\n213,046,344.1\n2022\nJan\n4,993,493.5\n99,710.2\n5,093,203.7\n28,440,230.1\n32,419,816.6\n32,678,210.2\n93,538,256.8\n679,232,958.6\n-657,568,133.3\n91,194,889.3\n211,491,175.1\nFeb\n5,093,893.8\n99,710.3\n5,193,604.1\n30,520,031.8\n31,781,304.4\n28,848,204.3\n91,149,540.6\n731,023,608.5\n-700,269,273.0\n104,167,047.3\n231,264,527.6\nMar\n5,240,635.1\n99,710.3\n5,340,345.4\n35,666,987.9\n32,359,947.9\n25,890,825.5\n93,917,761.3\n859,032,643.6\n-804,754,190.0\n126,198,465.5\n279,735,025.8\nApr\n6,014,484.4\n99,710.4\n6,114,194.8\n35,882,452.7\n39,908,611.5\n16,181,306.8\n91,972,371.0\n952,918,373.1\n-896,652,942.7\n153,266,420.0\n307,618,416.2\nMay\n6,165,661.9\n99,710.4\n6,265,372.3\n41,961,381.1\n73,732,194.5\n27,396,848.5\n143,090,424.1\n1,773,918,543.0\n-1,694,545,332.4\n258,745,743.3\n487,474,750.3\nJun\n6,165,333.2\n99,710.5\n6,265,043.7\n57,428,589.8\n134,105,399.5\n61,011,771.2\n252,545,760.5\n2,181,260,572.4\n-2,081,541,626.9\n255,330,159.5\n613,859,909.2\nJul\n6,412,784.0\n99,710.5\n6,512,494.6\n67,625,923.7\n183,776,332.7\n49,354,263.3\n300,756,519.7\n2,593,125,027.8\n-2,495,937,680.3\n314,658,894.7\n719,115,256.5\nAug\n6,554,970.1\n99,710.6\n6,654,680.7\n149,247,595.6\n237,114,720.8\n102,864,089.4\n489,226,405.8\n2,746,097,750.7\n-2,662,572,351.1\n346,310,432.3\n925,716,918.4\nSep\n6,740,568.3\n99,710.6\n6,840,278.9\n153,102,864.5\n227,519,780.3\n126,701,556.5\n507,324,201.3\n2,963,877,357.0\n-2,881,231,066.4\n397,792,625.5\n994,603,396.2\nOct\n7,012,718.2\n99,711.4\n7,112,429.6\n137,954,649.6\n268,519,180.0\n155,362,810.4\n561,836,640.0\n3,015,067,480.6\n-2,968,624,968.2\n438,346,194.0\n1,053,737,776.0\nNov\n7,260,471.7\n99,645.4\n7,360,117.1\n186,186,956.7\n291,675,261.3\n170,976,902.2\n648,839,120.2\n3,055,352,040.0\n-3,039,020,578.8\n509,740,797.8\n1,182,271,496.3\nDec\n7,472,198.3\n99,645.4\n7,571,843.6\n195,123,616.4\n253,599,254.6\n149,594,117.8\n598,316,988.8\n3,404,361,362.7\n-3,212,151,922.9\n487,788,750.9\n1,285,887,023.1\n2023\nJan\n7,439,947.9\n99,645.4\n7,539,593.3\n247,424,079.2\n285,657,858.2\n268,971,176.7\n802,053,114.1\n3,909,323,684.4\n-3,698,960,271.1\n418,765,157.5\n1,438,721,278.1\nFeb\n7,927,761.5\n99,645.4\n8,027,406.9\n287,100,815.9\n340,045,101.8\n463,639,123.2\n1,090,785,040.9\n4,319,873,162.9\n-4,110,955,220.5\n367,233,173.9\n1,674,963,564.1\nMar\n8,414,729.9\n97,745.3\n8,512,475.2\n338,302,189.2\n320,869,801.8\n390,588,987.9\n1,049,760,978.9\n4,338,956,741.5\n-4,073,115,059.5\n408,287,107.4\n1,732,402,243.4\nApr\n8,902,316.4\n90,572.7\n8,992,889.1\n431,816,781.5\n395,683,390.3\n289,513,510.4\n1,117,013,682.2\n4,878,143,248.9\n-4,620,636,211.0\n512,026,757.4\n1,895,540,366.6\nMay\n8,960,488.7\n83,649.7\n9,044,138.4\n924,669,866.4\n933,136,031.1\n343,384,233.5\n2,201,190,131.1\n11,794,706,191.5\n-11,291,316,467.1\n867,922,778.7\n3,581,546,772.7\nJun\n10,258,707.6\n80,542.9\n10,339,250.5\n1,898,448,010.5\n1,936,954,212.6\n3,084,044,706.3\n6,919,446,929.3\n25,912,990,743.8\n-25,202,259,045.1\n1,437,151,666.3\n9,077,669,544.7\nJul\n11,193,057.5\n79,344.9\n11,272,402.4\n1,712,097,331.8\n1,708,254,713.8\n694,031,697.7\n4,114,383,743.2\n20,213,823,230.0\n-19,805,080,179.5\n1,740,822,838.9\n6,275,222,035.1\nAug\n11,885,047.4\n79,163.8\n11,964,211.3\n1,805,843,342.5\n1,379,918,329.2\n681,062,414.7\n3,866,824,086.4\n20,157,032,712.0\n-19,579,648,458.4\n2,042,815,134.2\n6,498,987,685.5\nSep\n12,736,767.9\n79,154.4\n12,815,922.3\n2,101,508,662.6\n1,700,112,135.5\n838,191,207.3\n4,639,812,005.4\n23,268,748,342.3\n-22,753,122,010.8\n2,190,348,705.6\n7,358,602,964.7\nOct\n13,560,105.5\n79,154.8\n13,639,260.3\n2,520,855,764.3\n1,815,663,949.6\n683,697,143.8\n5,020,216,857.7\n24,188,648,282.0\n-23,550,146,670.9\n1,997,561,716.6\n7,669,919,445.6\nNov\n14,430,019.8\n78,794.3\n14,508,814.1\n2,585,142,139.3\n2,026,591,134.4\n404,623,821.1\n5,016,357,094.7\n24,718,852,675.1\n-23,892,801,193.0\n2,312,922,865.8\n8,169,840,256.7\nDec\n15,672,830.1\n76,968.8\n15,749,798.9\n2,963,059,206.4\n1,782,552,260.1\n389,960,317.1\n5,135,571,783.6\n25,627,658,812.8\n-25,053,448,230.9\n2,477,369,661.7\n8,202,901,826.2\n2024\nJan \n16,920,535.8\n66,290.7\n16,986,826.5\n4,819,548,961.5\n3,005,320,583.2\n686,714,079.5\n8,511,583,624.2\n41,994,286,364.2\n-40,143,169,460.3\n3,459,029,036.9\n13,838,716,391.5\nFeb\n18,138,392.9\n59,094.2\n18,197,487.2\n6,336,860,127.1\n4,722,463,681.6\n770,728,882.4\n11,830,052,691.1\n61,196,966,639.6\n-58,155,147,571.3\n4,972,393,683.8\n19,862,462,930.3\nMar\n19,250,549.6\n51,536.9\n19,302,086.5\n9,195,358,421.1\n4,533,773,830.7\n1,526,717,809.9\n15,255,850,061.7\n90,044,360,951.9\n-84,000,619,820.0\n9,749,941,961.2\n31,068,835,241.3\n*Apr\n8,887.1\n8,869.0\n17,756.1\n120,247.2\n115,530.6\n453,456.0\n689,233.9\n44,975,041.8\n-42,225,068.3\n57,592,832.1\n61,049,795.5\n*May\n19,808.8\n33,407.0\n53,215.8\n339,908.2\n335,165.2\n545,425.1\n1,220,498.6\n44,143,551.7\n-41,811,854.2\n57,707,647.4\n61,313,059.2\n*Jun\n23,708.6\n36,736.9\n60,445.4\n140,282.6\n143,630.0\n489,533.5\n773,446.0\n45,016,921.9\n-42,544,461.2\n59,775,710.3\n63,082,062.5\n*Jul\n45,566.8\n20,189.6\n65,756.3\n265,497.1\n268,905.2\n302,389.6\n836,791.9\n44,810,986.8\n-41,896,670.1\n58,234,641.8\n62,051,506.7\n*Aug\n48,680.7\n26,788.3\n75,469.0\n64,319.2\n67,746.5\n306,819.8\n438,885.6\n44,862,835.4\n-42,064,205.7\n59,288,880.5\n62,601,864.7\n*Sep\n54,805.1\n33,560.8\n88,365.9\n343,222.9\n349,384.1\n399,996.5\n1,092,603.5\n80,196,981.7\n-72,152,434.5\n98,189,475.3\n107,414,992.0\n*Oct\n118,356.4\n35,332.7\n153,689.1\n519,267.8\n526,449.1\n453,606.9\n1,499,323.8\n90,905,108.4\n-82,948,584.1\n119,889,986.1\n129,499,523.3\n*Nov\n136,953.1\n35,334.5\n172,287.6\n354,105.9\n360,474.4\n1,838,430.3\n2,553,010.7\n79,915,808.8\n-75,838,929.4\n114,359,632.6\n121,161,810.3\n*Dec\n146,539.1\n35,334.4\n181,873.4\n146,658.9\n153,183.4\n2,042,710.7\n2,342,553.0\n80,151,654.5\n-74,095,736.3\n112,826,247.4\n121,406,592.0\n2025\n*Jan\n154,446.1\n35,336.5\n189,782.7\n272,929.2\n279,596.8\n319,224.8\n871,750.8\n82,164,295.4\n-40,716,687.7\n81,474,666.0\n123,983,807.2\n*Feb\n160,666.3\n35,337.0\n196,003.2\n90,543.3\n97,260.5\n547,224.8\n735,028.6\n83,118,587.6\n-38,350,823.5\n80,780,457.4\n126,479,253.3\n*Mar\n168,846.5\n35,337.5\n204,184.0\n543,678.8\n550,528.1\n606,054.1\n1,700,260.9\n84,209,657.3\n-37,337,007.5\n81,624,077.5\n130,401,172.2\nSource: Reserve Bank of Zimbabwe, 2025\n*Bond coins first issued in December 2014\n* Bond Notes issued on 28 November 2016\n*Statistics are denominated in ZiG\nZWG Thousands\nDeposits\n34 \n \n \nForeign\nTOTAL\nEnd of\nNotes\nBond\n&\nBalances\nBalances with\nBalances\nOther Claims \nLocal\nOther \n Notes &\nCoin\nwith\nOther Depository \nwith\non\nGovernment1\nGovernemt\nOther2\nGovernment\nLocal \nPublic \n Institutional \nOther cliams\nContigent Assets\nOther Assets\nNon Financial \nCoins\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\nGovernment\nEnterprises\nUnits\nAssets\n2021\nJan\n1,483.3\n \n42,733.9\n \n77,994.4\n \n13,109.2\n \n40,071.8\n \n10,922.0\n10,322.7\n10.2\n0.0\n212.4\n16.7\n18.0\n1,264.3\n77,984.0\n5,315.2\n25,036.2\n15,951.2\n41,028.5\n363,474.0\nFeb\n1,735.4\n \n41,180.7\n \n76,140.3\n \n17,748.1\n \n39,141.4\n \n6,341.4\n15,612.1\n9.2\n0.0\n238.0\n24.1\n22.7\n1,493.7\n84,845.3\n5,413.6\n28,339.2\n19,441.2\n42,761.3\n380,487.7\nMar\n1,457.1\n \n40,953.3\n \n83,032.1\n \n6,945.5\n \n42,516.8\n \n8,733.6\n17,602.7\n8.4\n19.2\n449.7\n15.2\n21.7\n1,400.3\n90,291.7\n4,912.2\n32,908.1\n22,849.5\n40,104.9\n394,221.9\nApr\n1,699.7\n \n40,964.4\n \n85,330.2\n \n6,844.8\n \n49,733.4\n \n7,679.0\n19,384.3\n7.7\n19.2\n571.8\n19.9\n12.7\n1,336.7\n104,118.1\n5,432.6\n34,537.9\n25,207.8\n41,034.6\n423,934.8\nMay\n1,906.1\n \n30,579.1\n \n94,330.9\n \n7,907.2\n \n63,644.8\n \n11,582.4\n19,197.1\n7.0\n152.7\n611.0\n21.8\n16.6\n1,263.7\n111,185.7\n5,063.0\n35,592.3\n24,975.4\n40,256.6\n448,293.6\nJun\n1,702.8\n \n30,255.6\n \n75,795.2\n \n25,605.9\n \n72,780.6\n \n17,601.3\n17,610.8\n6.5\n19.5\n1,385.2\n17.9\n77.8\n1,511.9\n125,592.3\n5,203.8\n26,856.5\n29,616.4\n42,418.7\n474,058.5\nJul\n2,139.9\n \n30,509.1\n \n104,983.5\n \n17,817.9\n \n82,032.9\n \n25,314.3\n23,160.6\n6.0\n290.8\n1,264.1\n17.3\n67.8\n1,351.1\n135,107.8\n5,762.2\n26,869.2\n33,897.2\n42,726.7\n533,318.3\nAug\n2,551.1\n \n33,323.4\n \n93,806.9\n \n11,919.2\n \n72,753.9\n \n25,194.9\n35,371.1\n5.4\n339.7\n1,111.2\n22.5\n63.9\n1,583.3\n150,558.7\n7,014.2\n32,281.1\n34,820.2\n46,819.4\n549,540.1\nSep\n2,853.7\n \n38,500.1\n \n100,996.0\n \n8,626.8\n \n68,707.9\n \n25,023.4\n36,196.3\n5.1\n366.9\n948.5\n21.1\n62.5\n1,531.1\n154,818.9\n6,587.8\n31,981.0\n35,461.8\n45,544.7\n558,233.5\nOct\n2,611.1\n \n50,074.7\n \n108,009.2\n \n9,575.8\n \n89,822.4\n \n26,924.2\n43,786.5\n4.3\n188.1\n1,054.2\n21.2\n75.4\n1,683.9\n172,358.5\n6,987.7\n49,581.0\n47,370.6\n47,611.9\n657,740.6\nNov\n2,721.5\n \n53,424.3\n \n107,781.7\n \n15,560.6\n \n74,072.3\n \n29,748.5\n47,418.1\n3.7\n187.0\n2,678.7\n21.2\n74.8\n1,882.5\n195,765.6\n7,682.2\n52,327.7\n45,567.2\n54,967.5\n691,885.0\nDec\n2,838.3\n \n50,031.0\n \n118,451.3\n \n13,654.0\n \n91,352.6\n \n33,690.9\n41,452.1\n3.0\n186.0\n6,192.4\n21.1\n167.5\n2,998.6\n212,438.0\n14,917.3\n60,917.0\n48,759.9\n71,817.7\n769,888.8\n2022\nJan\n2,891.2\n \n53,378.3\n \n116,654.8\n \n13,232.3\n \n69,668.2\n \n30,774.3\n40,241.6\n2.4\n186.8\n2,906.7\n20.3\n163.0\n4,023.2\n228,616.6\n16,284.0\n53,627.8\n55,303.6\n85,737.0\n773,712.0\nFeb\n2,577.7\n \n62,064.5\n \n122,479.8\n \n17,480.5\n \n76,802.2\n \n28,703.5\n49,241.8\n1.6\n0.0\n3,242.5\n20.3\n158.1\n5,761.9\n249,205.9\n16,681.8\n55,099.6\n59,171.4\n86,732.0\n835,425.0\nMar\n2,111.5\n \n76,544.2\n \n142,962.5\n \n19,239.6\n \n87,884.5\n \n43,284.1\n50,566.9\n0.9\n0.0\n2,970.2\n19.4\n253.4\n6,635.8\n296,282.4\n16,435.1\n65,660.6\n69,287.0\n94,293.1\n974,431.2\nApr\n2,624.9\n \n74,716.9\n \n160,466.5\n \n28,352.1\n \n123,190.3\n \n26,628.8\n63,944.8\n0.2\n0.0\n2,583.9\n37.5\n252.4\n7,258.1\n338,207.2\n30,154.8\n53,372.3\n73,993.0\n90,352.8\n1,076,136.5\nMay\n3,155.9\n \n142,118.9\n \n236,166.0\n \n35,928.9\n \n207,812.8\n \n61,757.6\n70,936.8\n0.0\n155.0\n3,762.8\n41.3\n289.0\n16,588.0\n455,287.9\n36,125.5\n134,993.5\n111,577.7\n130,617.1\n1,647,314.7\nJun\n2,801.2\n \n138,347.1\n \n266,691.8\n \n45,952.0\n \n241,920.1\n \n63,631.8\n86,890.0\n0.0\n654.0\n5,297.4\n61.2\n226.3\n14,282.6\n549,799.2\n38,578.3\n169,511.8\n130,604.3\n205,601.3\n1,960,850.3\nJul\n2,427.6\n \n159,024.6\n \n315,832.5\n \n39,388.2\n \n230,432.5\n \n41,246.8\n91,509.2\n0.0\n394.3\n4,940.5\n100.7\n349.7\n22,911.0\n638,556.7\n45,361.4\n144,090.2\n143,606.3\n242,024.6\n2,122,196.7\nAug\n2,640.6\n \n263,637.4\n \n411,439.9\n \n69,203.5\n \n311,107.0\n \n29,186.6\n100,187.1\n0.0\n330.1\n6,912.2\n113.5\n287.1\n46,504.1\n764,466.3\n46,788.2\n167,029.4\n251,442.9\n244,934.2\n2,716,210.1\nSep\n3,030.7\n \n289,230.8\n \n504,071.1\n \n75,446.7\n \n417,007.1\n \n18,185.0\n143,464.9\n0.0\n267.4\n8,265.9\n115.1\n306.3\n41,560.9\n902,078.3\n51,664.5\n146,133.1\n231,760.0\n285,781.8\n3,118,369.8\nOct\n3,022.6\n \n300,240.3\n \n525,870.3\n \n104,483.2\n \n389,979.7\n \n22,895.3\n151,757.7\n0.0\n204.7\n4,590.6\n116.5\n342.0\n43,335.5\n936,397.1\n58,632.8\n165,306.9\n267,183.8\n298,996.3\n3,273,355.4\nNov\n3,251.4\n \n286,365.2\n \n575,885.7\n \n111,716.1\n \n342,790.1\n \n17,089.0\n198,814.4\n0.0\n142.0\n6,078.2\n119.5\n303.6\n43,195.4\n1,042,144.5\n73,069.8\n170,944.8\n232,107.1\n302,373.7\n3,406,390.5\nDec\n3,361.7\n \n295,435.1\n \n652,284.4\n \n119,932.8\n \n351,906.8\n \n7,965.4\n288,844.0\n0.0\n20,072.7\n8,831.7\n114.4\n282.6\n30,272.3\n1,143,910.8\n84,048.5\n159,126.2\n234,748.7\n418,944.7\n3,820,082.5\n2023\nJan\n4,923.3\n \n379,841.7\n \n704,168.6\n \n151,980.1\n \n389,342.8\n \n-1,443.6\n319,807.4\n0.0\n23,774.5\n8,624.7\n228.5\n251.2\n44,113.2\n1,348,919.7\n137,477.6\n227,545.4\n251,246.0\n451,149.8\n4,441,950.8\nFeb\n1,880.1\n \n436,062.8\n \n743,888.5\n \n81,067.5\n \n518,081.0\n \n21,964.4\n332,626.9\n0.0\n26,717.2\n6,974.7\n319.0\n197.4\n44,691.5\n1,538,078.6\n142,383.8\n226,933.0\n281,339.4\n490,831.3\n4,894,037.1\nMar\n2,031.6\n \n425,326.5\n \n817,631.1\n \n112,374.3\n \n531,935.4\n \n41,928.7\n360,626.2\n0.0\n24,689.0\n10,382.7\n432.2\n149.8\n48,725.4\n1,745,783.1\n166,893.5\n554,840.9\n315,882.3\n532,130.1\n5,691,762.4\nApr\n1,844.7\n \n462,081.4\n \n972,122.7\n \n161,740.7\n \n620,095.0\n \n32,207.0\n391,587.8\n0.0\n28,119.0\n19,573.0\n559.8\n99.3\n54,058.4\n1,822,350.9\n178,895.0\n214,270.9\n411,870.0\n572,012.3\n5,943,487.7\nMay\n1,107.2\n \n1,048,116.4\n \n2,049,066.1\n \n309,234.1\n \n1,554,969.0\n \n84,147.3\n653,025.9\n0.0\n76,351.5\n16,564.4\n4,599.1\n80.3\n112,188.1\n4,068,894.1\n366,505.1\n607,438.1\n788,546.8\n884,349.9\n12,625,183.4\nJun\n1,984.5\n \n2,249,201.6\n \n4,424,350.0\n \n471,360.3\n \n3,050,984.1\n \n390,369.2\n981,773.8\n0.0\n212,126.8\n8,070.8\n18,582.4\n83.0\n260,946.3\n8,977,244.2\n669,100.1\n1,390,786.2\n1,582,985.5\n2,782,639.3\n27,472,588.1\nJul\n1,489.0\n \n1,584,403.3\n \n4,137,377.2\n \n380,493.0\n \n3,132,849.9\n \n369,552.6\n1,242,045.2\n0.0\n165,764.7\n17,713.9\n7,368.1\n68.1\n208,253.7\n7,144,225.5\n821,517.0\n829,382.3\n1,411,037.1\n3,124,457.4\n24,577,997.9\nAug\n2,292.1\n \n1,505,916.2\n \n4,651,358.8\n \n448,025.8\n \n3,179,274.3\n \n245,546.0\n1,190,599.0\n0.0\n165,103.2\n7,939.8\n7,469.9\n75.8\n205,341.5\n7,142,066.9\n817,682.7\n701,626.2\n1,348,230.8\n3,086,091.3\n24,704,640.2\nSep\n2,465.6\n \n2,015,621.6\n \n5,263,338.5\n \n560,033.8\n \n3,210,332.7\n \n305,649.1\n1,318,582.7\n0.0\n175,013.5\n10,773.5\n9,935.8\n92.0\n219,878.9\n8,628,418.0\n892,737.1\n776,997.6\n1,646,406.8\n3,310,710.4\n28,346,987.7\nOct\n2,425.4\n \n2,312,575.1\n \n5,910,277.9\n \n751,077.6\n \n2,663,186.5\n \n240,258.0\n1,272,839.7\n0.0\n190,359.3\n21,408.8\n10,816.8\n98.1\n237,525.7\n9,281,352.1\n844,462.4\n958,746.4\n1,741,207.9\n3,433,150.2\n29,871,767.9\nNov\n2,705.3\n \n2,558,589.3\n \n6,324,144.1\n \n730,377.0\n \n2,788,783.6\n \n230,917.5\n1,517,348.4\n0.0\n188,949.4\n34,470.7\n10,921.4\n59.8\n238,702.3\n9,523,818.5\n907,759.0\n1,046,257.0\n2,150,227.0\n3,544,388.6\n31,798,418.9\nDec\n3,398.4\n \n2,868,505.6\n \n5,973,706.9\n \n918,524.5\n \n2,631,445.7\n \n212,294.5\n2,627,512.6\n0.0\n182,480.9\n38,249.3\n12,325.3\n73.5\n248,699.8\n10,110,961.4\n984,502.1\n1,184,706.9\n2,319,603.9\n4,087,896.6\n34,404,887.7\n2024\nJan\n2,947.9\n \n5,196,670.6\n \n9,096,074.6\n \n1,414,527.9\n \n3,957,664.6\n \n326,220.5\n4,283,761.8\n0.0\n306,771.2\n57,595.6\n17,912.4\n198.8\n374,088.3\n16,298,021.8\n1,109,251.7\n1,949,662.4\n3,467,246.2\n5,133,753.8\n52,992,370.2\nFeb\n3,143.6\n \n7,309,077.0\n \n12,595,037.9\n \n2,395,225.7\n \n5,340,576.7\n \n178,130.4\n6,381,641.8\n0.0\n437,989.9\n78,292.7\n26,073.1\n232.0\n488,602.8\n24,095,690.3\n1,538,423.6\n2,608,075.1\n4,122,833.9\n6,863,317.4\n74,462,363.7\nMar\n2,831.0\n \n9,785,505.6\n \n16,734,744.0\n \n3,185,636.7\n \n7,548,560.1\n \n775,336.9\n8,605,206.6\n0.0\n585,769.6\n126,026.3\n47,609.3\n143.3\n729,484.9\n37,149,745.6\n2,535,252.5\n2,860,196.6\n5,844,376.9\n10,808,889.0\n107,325,315.0\n*Apr\n7.5\n \n4,794.8\n \n11,004.0\n \n2,108.7\n \n5,798.1\n \n354.3\n5,583.2\n0.0\n348.4\n37.2\n330.0\n1.8\n440.5\n22,799.4\n1,336.2\n2,510.2\n6,102.7\n5,490.3\n69,047.3\n*May\n15.0\n \n4,337.6\n \n12,420.7\n \n2,281.4\n \n6,437.2\n \n492.4\n5,867.7\n0.0\n339.6\n23.7\n49.4\n1.4\n433.4\n23,728.2\n1,520.6\n2,114.7\n7,240.8\n5,731.5\n73,035.2\n*Jun\n9.2\n \n4,753.1\n \n12,746.0\n \n2,349.5\n \n6,493.3\n \n409.0\n6,309.9\n0.0\n282.9\n32.6\n45.1\n1.5\n446.4\n25,292.4\n1,628.6\n2,541.3\n7,612.6\n6,871.1\n77,824.6\n*Jul\n7.5\n \n5,739.9\n \n11,453.3\n \n1,987.0\n \n6,135.6\n \n451.2\n7,706.6\n0.0\n276.2\n128.4\n45.6\n0.2\n432.4\n26,513.1\n2,454.9\n2,342.9\n8,065.1\n7,708.4\n81,448.2\n*Aug\n6.4\n \n6,444.9\n \n13,516.2\n \n2,310.5\n \n4,922.1\n \n205.9\n6,955.1\n0.0\n246.2\n100.5\n146.7\n0.2\n388.0\n27,463.6\n2,511.4\n2,767.9\n9,021.7\n8,363.7\n85,371.0\n*Sep\n7.9\n \n10,895.9\n \n22,399.7\n \n3,870.6\n \n8,728.6\n \n340.5\n10,929.4\n0.0\n431.0\n34.5\n281.9\n0.3\n610.8\n46,961.9\n3,924.3\n4,853.4\n13,635.1\n12,318.0\n140,223.9\n*Oct\n56.7\n \n13,662.1\n \n30,414.7\n \n5,068.5\n \n8,024.4\n \n129.1\n12,091.8\n0.0\n502.2\n53.5\n281.7\n0.1\n689.5\n54,229.9\n4,447.2\n6,380.1\n13,935.9\n13,802.2\n163,769.6\n*Nov\n72.6\n \n11,233.7\n \n29,835.6\n \n4,498.6\n \n6,365.0\n \n117.3\n10,509.5\n0.0\n367.6\n185.0\n2,660.3\n0.1\n582.5\n49,728.9\n4,261.8\n6,685.9\n14,193.4\n13,503.2\n154,800.9\n*Dec\n82.6\n \n10,274.6\n \n32,110.0\n \n5,538.7\n \n8,540.2\n \n287.6\n11,621.4\n0.0\n361.0\n79.0\n90.3\n0.6\n559.5\n51,561.9\n4,324.4\n6,555.3\n16,212.6\n14,183.7\n162,383.2\n2025\nJan\n86.3\n \n12,729.4\n \n32,300.6\n \n5,224.8\n \n6,088.6\n \n371.4\n11,371.4\n0.0\n352.9\n56.4\n91.6\n10.0\n612.5\n53,737.7\n3,262.0\n6,541.2\n14,514.4\n15,912.7\n163,264.0\nFeb\n92.8\n \n11,621.9\n \n31,847.5\n \n4,434.0\n \n8,274.5\n \n537.1\n10,816.7\n0.0\n292.4\n67.3\n92.3\n18.9\n782.9\n53,441.0\n3,997.8\n6,813.5\n12,600.8\n15,813.2\n161,544.6\nMar\n98.3\n \n9,274.8\n \n33,387.0\n \n3,734.6\n \n12,264.7\n \n786.3\n11,771.3\n0.0\n284.5\n83.9\n189.2\n21.8\n750.6\n55,066.8\n4,537.6\n7,656.7\n11,501.0\n16,477.1\n167,886.3\nSource:Reserve Bank of Zimbabwe, 2025\nNotes\n1.Government securities includes treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\n3.Includes households and other financial corporations.\n*Statistics are denominated in ZiG\nDebt Securities\nLoans and Advances\nPublic \nEnterprises\nTABLE 5.1: OTHER DEPOSITORY CORPORATIONS -ASSETS\nZWG millions\n35 \n \n \nForeign Liabilities\nCapital\nContigent\nOther\nTOTAL\nand\nLiablities\nLiablities\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository Government \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2021\nJan\n188,337.3\n17,667.3\n11,376.7\n217,381.3\n2,730.8\n5,453.7\n225,565.8\n1,422.4\n15,750.7\n391.1\n600.9\n376.7\n58,123.9\n25,036.2\n36,206.3\n363,474.0\nFeb\n189,154.3\n18,991.1\n14,072.8\n222,218.2\n2,959.1\n4,788.2\n229,965.5\n1,457.4\n15,908.6\n409.2\n581.4\n609.9\n63,583.8\n28,339.2\n39,632.7\n380,487.7\nMar\n193,674.2\n21,569.9\n14,209.4\n229,453.4\n4,691.2\n4,875.8\n239,020.5\n1,641.2\n14,997.2\n75.4\n1,378.2\n408.9\n67,061.8\n32,908.1\n36,730.7\n394,221.9\nApr\n219,936.5\n23,818.3\n13,746.7\n257,501.5\n2,725.1\n5,382.5\n265,609.2\n1,503.8\n15,748.4\n176.5\n939.0\n409.9\n68,812.8\n34,537.9\n36,197.4\n423,934.8\nMay\n232,585.8\n26,296.1\n18,415.5\n277,297.4\n2,205.9\n6,832.6\n286,335.9\n1,525.8\n16,063.1\n654.2\n540.1\n429.0\n69,567.0\n35,592.3\n37,586.2\n448,293.6\nJun\n249,167.5\n27,977.7\n21,449.6\n298,594.8\n2,906.1\n6,295.3\n307,796.2\n1,559.7\n15,430.6\n662.3\n939.0\n462.6\n72,403.8\n26,856.5\n47,947.9\n474,058.5\nJul\n271,359.4\n31,671.3\n23,074.4\n326,105.1\n3,016.7\n5,050.7\n334,172.4\n1,523.2\n16,041.4\n706.9\n750.8\n552.8\n76,406.3\n26,869.2\n76,295.4\n533,318.3\nAug\n275,007.8\n29,893.2\n29,352.2\n334,253.2\n3,661.5\n5,912.2\n343,826.8\n1,873.1\n18,699.5\n1,444.4\n2,300.1\n478.6\n82,627.2\n32,281.1\n66,009.2\n549,540.1\nSep\n301,829.4\n30,564.7\n26,426.5\n358,820.7\n3,719.1\n3,512.9\n366,052.6\n3,191.9\n16,236.1\n1,453.1\n71.3\n375.4\n84,564.6\n31,981.0\n54,307.5\n558,233.5\nOct\n350,366.7\n33,145.0\n27,967.9\n411,479.6\n2,824.1\n3,162.8\n417,466.5\n3,729.7\n21,509.9\n1,095.3\n1,109.9\n503.1\n92,871.8\n49,581.0\n69,873.5\n657,740.6\nNov\n363,455.0\n33,905.6\n33,256.8\n430,617.4\n3,325.7\n2,899.2\n436,842.3\n4,007.8\n19,465.9\n2,726.5\n1,556.1\n347.1\n104,310.9\n52,327.7\n70,300.6\n691,885.0\nDec\n396,412.5\n33,935.5\n37,464.8\n467,812.7\n3,922.1\n4,020.7\n475,755.5\n3,696.3\n23,643.2\n2,808.1\n2,405.3\n139.8\n128,421.4\n60,917.0\n72,102.3\n769,888.8\n2022\nJan\n392,702.2\n32,298.0\n39,346.3\n464,346.5\n2,962.5\n4,027.0\n471,336.0\n3,685.3\n25,398.5\n2,688.6\n1,416.9\n230.5\n144,852.4\n53,627.8\n70,476.0\n773,712.0\nFeb\n413,978.3\n37,494.3\n47,592.5\n499,065.1\n3,229.3\n4,407.7\n506,702.1\n4,456.2\n30,483.6\n2,120.4\n1,769.7\n226.8\n153,788.5\n55,099.6\n80,778.2\n835,425.0\nMar\n488,137.1\n37,893.9\n54,213.9\n580,244.9\n3,062.2\n5,330.5\n588,637.7\n4,510.9\n33,995.7\n2,137.9\n3,281.0\n810.6\n175,156.3\n65,660.6\n100,240.6\n974,431.2\nApr\n562,613.7\n46,129.7\n52,760.1\n661,503.5\n6,377.5\n7,656.8\n675,537.9\n4,246.9\n38,472.7\n2,173.0\n3,877.2\n486.8\n178,614.3\n53,372.3\n119,355.4\n1,076,136.5\nMay\n830,166.0\n61,112.6\n70,113.9\n961,392.5\n7,310.9\n7,417.6\n976,120.9\n6,165.3\n73,411.8\n2,383.3\n3,241.0\n321.8\n243,544.4\n134,993.5\n207,132.5\n1,647,314.7\nJun\n961,316.9\n66,716.9\n81,118.5\n1,109,152.4\n5,627.3\n10,226.2\n1,125,005.9\n7,157.9\n83,048.1\n2,898.5\n4,589.8\n345.2\n355,060.9\n169,511.8\n213,232.2\n1,960,850.3\nJul\n1,016,820.2\n79,550.5\n94,495.2\n1,190,865.8\n1,789.6\n9,363.5\n1,202,018.9\n8,137.9\n100,313.8\n2,814.9\n5,020.5\n1,339.1\n419,883.3\n144,090.2\n238,578.1\n2,122,196.7\nAug\n1,367,431.3\n85,931.5\n134,512.9\n1,587,875.7\n2,415.4\n7,892.4\n1,598,183.5\n12,785.6\n119,851.6\n3,230.7\n5,771.2\n555.2\n491,336.5\n167,029.4\n317,466.4\n2,716,210.1\nSep\n1,648,027.7\n92,678.5\n157,504.6\n1,898,210.8\n1,482.9\n8,707.2\n1,908,401.0\n14,047.5\n143,842.3\n3,720.2\n9,246.7\n587.2\n553,942.2\n146,133.1\n338,449.6\n3,118,369.8\nOct\n1,615,381.5\n76,774.2\n166,880.7\n1,859,036.4\n2,028.0\n6,673.7\n1,867,738.0\n15,558.9\n153,649.9\n28,072.2\n8,610.3\n762.5\n581,740.3\n165,306.9\n451,916.4\n3,273,355.4\nNov\n1,771,644.8\n81,518.1\n189,465.9\n2,042,628.9\n1,547.6\n6,731.4\n2,050,907.9\n13,438.5\n139,370.8\n19,973.5\n10,489.1\n339.6\n612,977.2\n170,944.8\n387,949.1\n3,406,390.5\nDec\n1,990,867.6\n90,317.0\n234,004.4\n2,315,189.0\n2,754.1\n7,866.7\n2,325,809.8\n14,149.0\n177,214.1\n10,597.8\n15,234.4\n752.5\n750,161.5\n159,126.2\n367,037.4\n3,820,082.5\n2023\nJan\n2,270,946.6\n100,094.1\n275,805.1\n2,646,845.8\n1,676.5\n41,821.3\n2,690,343.7\n15,056.5\n196,129.5\n4,974.3\n12,291.7\n675.5\n881,874.7\n227,545.4\n413,059.5\n4,441,950.8\nFeb\n2,496,192.1\n98,177.2\n294,332.5\n2,888,701.8\n1,956.9\n11,040.2\n2,901,698.9\n15,711.7\n225,209.4\n8,092.9\n20,822.5\n3,109.0\n951,831.6\n226,933.0\n540,628.1\n4,894,037.1\nMar\n2,710,394.6\n121,937.7\n333,589.3\n3,165,921.6\n1,430.8\n6,188.7\n3,173,541.1\n16,082.6\n256,206.0\n9,639.9\n22,996.8\n3,714.6\n1,036,325.4\n554,840.9\n618,415.2\n5,691,762.4\nApr\n3,144,048.4\n159,872.5\n269,932.0\n3,573,852.9\n573.4\n9,702.2\n3,584,128.5\n1,843.4\n318,092.2\n13,321.9\n29,787.9\n6,418.8\n1,137,637.3\n214,270.9\n637,986.8\n5,943,487.7\nMay\n6,481,742.5\n169,496.7\n556,927.2\n7,208,166.4\n1,068.6\n50,511.7\n7,259,746.7\n4,659.4\n783,531.0\n78,332.6\n74,083.0\n30,583.3\n2,224,856.6\n607,438.1\n1,561,952.6\n12,625,183.4\nJun\n12,937,869.2\n240,252.2\n1,073,317.8\n14,251,439.2\n4,578.8\n432,610.2\n14,688,628.1\n4,243.6\n1,833,341.2\n39,166.6\n112,338.9\n64,321.9\n6,245,056.0\n1,390,786.2\n3,094,705.7\n27,472,588.1\nJul\n11,864,787.9\n285,723.5\n828,095.7\n12,978,607.1\n30,380.7\n380,435.8\n13,389,423.7\n2,137.4\n1,458,906.6\n87,827.2\n160,696.4\n58,256.2\n5,865,068.7\n829,382.3\n2,726,299.5\n24,577,997.9\nAug\n12,168,928.8\n353,674.2\n862,852.8\n13,385,455.8\n23,457.8\n381,525.5\n13,790,439.1\n3,182.7\n1,483,108.2\n84,841.4\n154,160.3\n56,751.6\n5,646,934.2\n701,626.2\n2,783,596.5\n24,704,640.2\nSep\n14,342,241.3\n404,040.4\n947,184.1\n15,693,465.8\n11,309.1\n114,502.6\n15,819,277.6\n2,685.5\n1,688,992.2\n82,493.4\n168,880.8\n90,032.4\n6,410,594.6\n776,997.6\n3,307,033.6\n28,346,987.7\nOct\n15,103,817.1\n439,336.7\n1,190,702.7\n16,733,856.4\n8,575.8\n147,053.3\n16,889,485.5\n3,497.2\n1,573,857.1\n84,628.9\n176,455.5\n83,441.8\n6,756,087.7\n958,746.4\n3,345,567.7\n29,871,767.9\nNov\n15,816,643.6\n534,621.6\n1,241,055.7\n17,592,320.9\n92,509.4\n133,475.4\n17,818,305.6\n4,173.2\n1,784,153.1\n92,939.9\n244,115.1\n89,997.7\n7,059,070.8\n1,046,257.0\n3,659,406.4\n31,798,418.9\nDec\n16,937,697.1\n613,283.2\n1,290,630.5\n18,841,610.7\n94,004.9\n201,484.9\n19,137,100.5\n42,811.4\n1,831,385.7\n55,157.4\n162,437.9\n138,722.6\n7,736,287.7\n1,184,706.9\n4,116,277.7\n34,404,887.7\n2024\nJan\n26,686,959.6\n746,212.0\n1,754,255.7\n29,187,427.3\n113,265.9\n169,629.6\n29,470,322.8\n7,317.9\n3,007,687.4\n114,298.0\n290,202.8\n182,727.0\n11,623,761.9\n1,949,662.4\n6,346,389.9\n52,992,370.2\nFeb\n36,944,811.1\n818,341.2\n2,810,669.8\n40,573,822.1\n177,789.1\n340,577.8\n41,092,189.0\n9,458.4\n4,421,333.7\n105,237.1\n454,842.1\n279,727.9\n16,146,119.3\n2,608,075.1\n9,345,381.2\n74,462,363.7\nMar\n53,801,105.7\n857,520.8\n4,468,346.0\n59,126,972.5\n275,444.0\n515,567.0\n59,917,983.5\n6,990.9\n6,535,789.0\n95,705.0\n506,746.6\n361,061.7\n24,968,710.0\n2,860,196.6\n12,072,131.8\n107,325,315.0\n*Apr\n35,042.5\n873.5\n2,711.3\n38,627.3\n161.4\n242.9\n39,031.6\n2.8\n4,126.0\n67.4\n358.1\n222.7\n12,859.8\n2,510.2\n9,868.8\n69,047.3\n*May\n36,571.3\n797.4\n3,283.3\n40,652.0\n82.8\n350.0\n41,084.8\n4.4\n4,422.7\n50.9\n436.0\n4.6\n15,110.7\n2,114.7\n9,806.4\n73,035.2\n*Jun\n37,665.2\n1,045.3\n3,824.5\n42,535.1\n2.1\n589.3\n43,126.4\n4.0\n4,813.9\n99.8\n450.6\n13.2\n17,940.3\n2,541.3\n8,835.0\n77,824.6\n*Jul\n40,332.2\n1,410.3\n3,894.3\n45,636.8\n68.7\n438.6\n46,144.1\n19.2\n4,842.5\n99.9\n483.0\n12.0\n18,795.9\n2,342.9\n8,708.8\n81,448.2\n*Aug\n40,849.7\n1,585.3\n3,882.8\n46,317.8\n65.6\n532.9\n46,916.3\n26.6\n4,889.9\n109.9\n602.1\n12.5\n20,035.9\n2,767.9\n10,009.9\n85,371.0\n*Sep\n66,835.5\n1,858.6\n5,872.5\n74,566.6\n99.2\n583.3\n75,249.0\n23.8\n8,701.5\n491.4\n860.8\n51.1\n34,201.4\n4,853.4\n15,791.4\n140,223.9\n*Oct\n76,868.7\n2,162.8\n7,903.0\n86,934.5\n257.1\n627.5\n87,819.1\n42.7\n9,987.1\n429.7\n1,310.2\n16.1\n39,650.6\n6,380.1\n18,134.0\n163,769.6\n*Nov\n72,575.6\n2,470.1\n7,734.9\n82,780.6\n202.6\n677.2\n83,660.4\n0.0\n8,441.5\n409.3\n568.8\n42.7\n38,968.8\n6,685.9\n16,023.6\n154,800.9\n*Dec\n76,723.8\n2,290.2\n8,197.9\n87,211.9\n205.6\n716.4\n88,133.9\n0.0\n9,510.9\n233.0\n856.2\n112.5\n39,782.4\n6,555.3\n17,199.0\n162,383.2\n2025\nJan\n75,644.1\n2,240.4\n8,868.0\n86,752.5\n212.0\n704.0\n87,668.5\n0.0\n10,544.5\n368.7\n848.5\n26.6\n38,868.3\n6,541.2\n18,397.6\n163,264.0\nFeb\n73,858.1\n2,512.3\n9,076.6\n85,447.0\n510.9\n936.4\n86,894.2\n0.0\n10,542.7\n536.9\n932.0\n17.4\n39,671.7\n6,813.5\n16,136.3\n161,544.6\nMar\n79,462.8\n2,908.2\n8,518.2\n90,889.2\n163.9\n905.2\n91,958.3\n0.0\n13,134.7\n546.5\n861.4\n16.4\n41,585.4\n7,656.7\n12,126.8\n167,886.3\nSource:Reserve Bank of Zimbabwe,2025\n*Statistics are denominated in ZiG\nTABLE 5.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES \nZWG millions\nDeposits\nAmounts Owing to\nDebt Securities\n36 \n \n \nTOTAL\nEnd of\nForeign\nBond\nNotes\nBalances\nBalances with\nBalances\nOther Claims \nLocal\nPublic\nOther \nContigent \nNon Financial \n Notes &\n&\nwith\nOther Depository \nwith\non\nGovernment1 Local GovernemtPublic Enterprises\nOther2\nGovernment\nGovernment\nEnterprises\n Institutional Units3\nOther claims\nAssets\nOther Assets\nAssets\nCoins\nCoin\nRBZ\nCorporations\nForeign Banks Non-residents\nSecurities\nsecurities\n2021\nJan\n1,237.43\n \n39,565.64\n \n71,463.64\n \n12,288.89\n \n39,092.85\n \n10,921.99\n \n8,281.80\n \n-\n \n-\n \n1.18\n \n16.67\n \n18.01\n \n1,264.28\n \n71,090.96\n \n718.83\n \n25,036.22\n \n12,333.21\n \n32,123.11\n \n325,454.7\n \nFeb\n1,320.27\n \n38,100.03\n \n69,341.48\n \n16,867.76\n \n38,108.83\n \n6,341.39\n \n12,518.15\n \n-\n \n-\n \n1.26\n \n24.15\n \n22.69\n \n1,493.66\n \n77,324.34\n \n774.89\n \n28,339.17\n \n15,953.14\n \n33,612.14\n \n340,143.4\n \nMar\n1,244.16\n \n38,369.53\n \n76,479.44\n \n5,317.61\n \n41,401.24\n \n8,733.65\n \n15,889.61\n \n-\n \n19.21\n \n34.56\n \n15.17\n \n21.67\n \n1,309.75\n \n80,607.03\n \n878.97\n \n32,908.13\n \n19,302.34\n \n30,861.86\n \n353,393.9\n \nApr\n1,430.83\n \n38,008.89\n \n79,592.64\n \n5,639.40\n \n48,564.03\n \n7,679.05\n \n18,267.01\n \n-\n \n19.23\n \n62.89\n \n19.86\n \n12.71\n \n1,336.70\n \n91,062.16\n \n956.75\n \n34,537.88\n \n21,214.88\n \n32,383.77\n \n380,788.7\n \nMay\n1,648.09\n \n28,677.21\n \n87,611.51\n \n6,479.66\n \n59,745.10\n \n11,582.44\n \n18,846.75\n \n-\n \n152.75\n \n93.37\n \n21.77\n \n16.58\n \n1,263.75\n \n94,790.46\n \n990.41\n \n35,592.28\n \n21,398.95\n \n31,307.45\n \n400,218.5\n \nJun\n1,419.27\n \n28,452.53\n \n69,413.26\n \n24,215.35\n \n70,835.98\n \n17,601.31\n \n17,152.75\n \n-\n \n19.46\n \n92.91\n \n17.91\n \n77.79\n \n1,511.86\n \n106,954.15\n \n1,247.08\n \n26,856.45\n \n26,444.57\n \n33,288.94\n \n425,601.6\n \nJul\n1,794.72\n \n29,100.73\n \n97,429.50\n \n15,901.02\n \n79,937.02\n \n25,314.30\n \n21,665.10\n \n-\n \n290.76\n \n47.39\n \n17.32\n \n67.80\n \n1,351.13\n \n117,348.16\n \n1,301.18\n \n26,869.18\n \n29,079.64\n \n33,587.68\n \n481,102.6\n \nAug\n2,137.72\n \n31,734.84\n \n85,441.98\n \n9,099.10\n \n70,391.64\n \n25,194.95\n \n31,434.20\n \n-\n \n339.72\n \n51.28\n \n22.49\n \n63.94\n \n1,583.28\n \n132,522.63\n \n1,337.19\n \n32,281.12\n \n30,022.43\n \n37,697.05\n \n491,355.6\n \nSep\n2,417.81\n \n36,259.54\n \n93,032.71\n \n6,164.78\n \n66,640.78\n \n25,023.38\n \n31,460.81\n \n-\n \n366.88\n \n57.60\n \n21.07\n \n62.45\n \n1,531.08\n \n134,780.92\n \n1,342.62\n \n31,980.97\n \n30,439.34\n \n34,630.85\n \n496,213.6\n \nOct\n1,993.06\n \n47,379.62\n \n99,470.02\n \n7,339.71\n \n86,302.62\n \n26,924.18\n \n37,639.16\n \n-\n \n188.07\n \n121.59\n \n21.20\n \n75.41\n \n1,683.89\n \n149,477.36\n \n1,523.34\n \n49,580.96\n \n40,853.06\n \n36,664.31\n \n587,237.6\n \nNov\n2,168.80\n \n49,327.15\n \n100,125.90\n \n12,723.73\n \n71,667.33\n \n29,748.47\n \n41,015.56\n \n-\n \n187.03\n \n999.12\n \n21.24\n \n74.76\n \n1,882.53\n \n168,661.25\n \n1,484.24\n \n52,327.68\n \n40,073.22\n \n43,878.52\n \n616,366.5\n \nDec\n2,315.32\n \n46,412.99\n \n109,803.84\n \n10,942.92\n \n87,347.07\n \n33,690.93\n \n38,610.29\n \n-\n \n185.99\n \n4,146.13\n \n21.09\n \n167.53\n \n2,798.61\n \n184,836.87\n \n3,368.75\n \n60,916.98\n \n41,811.67\n \n59,011.63\n \n686,388.6\n \n2022\nJan\n2,359.27\n \n49,206.02\n \n108,119.97\n \n10,419.90\n \n66,808.45\n \n30,774.31\n \n38,636.84\n \n-\n \n186.80\n \n801.50\n \n20.33\n \n163.02\n \n3,628.73\n \n199,495.34\n \n2,997.94\n \n53,627.76\n \n47,405.91\n \n69,989.80\n \n684,641.89\n \nFeb\n1,971.78\n \n57,553.54\n \n112,522.99\n \n14,300.66\n \n70,750.63\n \n28,703.53\n \n44,705.21\n \n-\n \n-\n \n976.55\n \n20.34\n \n158.06\n \n5,367.16\n \n215,520.37\n \n3,055.50\n \n55,099.61\n \n53,459.12\n \n70,832.47\n \n734,997.53\n \nMar\n1,541.49\n \n70,856.33\n \n130,423.48\n \n15,503.46\n \n82,662.70\n \n43,284.13\n \n44,874.23\n \n-\n \n-\n \n1,380.20\n \n19.40\n \n253.42\n \n6,240.94\n \n258,715.05\n \n3,092.69\n \n65,660.61\n \n58,874.69\n \n76,938.87\n \n860,321.67\n \nApr\n1,939.64\n \n70,204.43\n \n144,168.02\n \n23,452.88\n \n117,033.42\n \n26,628.79\n \n57,772.47\n \n-\n \n-\n \n722.54\n \n37.54\n \n252.44\n \n6,858.06\n \n305,476.79\n \n4,348.46\n \n53,372.28\n \n62,788.55\n \n71,414.75\n \n946,471.05\n \nMay\n2,397.94\n \n131,996.38\n \n211,837.59\n \n31,586.61\n \n190,366.81\n \n61,757.62\n \n64,373.91\n \n-\n \n154.99\n \n1,559.14\n \n41.28\n \n289.00\n \n16,193.81\n \n398,048.90\n \n4,712.74\n \n134,993.54\n \n94,851.60\n \n111,543.84\n \n1,456,705.70\n \nJun\n2,263.18\n \n127,839.16\n \n234,109.43\n \n40,937.28\n \n219,607.39\n \n63,631.76\n \n83,690.44\n \n-\n \n653.97\n \n2,159.12\n \n61.20\n \n226.29\n \n13,888.60\n \n478,163.38\n \n8,954.46\n \n169,511.81\n \n110,528.09\n \n168,440.54\n \n1,724,666.09\n \nJul\n1,578.47\n \n147,217.74\n \n284,912.89\n \n34,334.13\n \n202,815.28\n \n41,246.78\n \n86,971.63\n \n-\n \n394.34\n \n1,852.14\n \n100.65\n \n349.68\n \n22,516.21\n \n556,692.12\n \n9,737.92\n \n144,090.18\n \n129,869.55\n \n192,524.32\n \n1,857,204.02\n \nAug\n1,630.70\n \n247,190.46\n \n377,078.80\n \n64,650.96\n \n273,181.97\n \n29,186.59\n \n95,346.12\n \n-\n \n330.12\n \n3,556.96\n \n113.50\n \n287.14\n \n26,564.57\n \n681,253.30\n \n11,493.92\n \n167,029.36\n \n238,442.98\n \n194,745.11\n \n2,412,082.57\n \nSep\n1,791.71\n \n270,594.59\n \n465,301.31\n \n68,020.95\n \n370,323.69\n \n18,184.96\n \n134,414.53\n \n-\n \n267.40\n \n4,916.56\n \n115.11\n \n306.33\n \n21,773.50\n \n806,774.24\n \n12,680.89\n \n146,133.14\n \n215,417.68\n \n219,933.24\n \n2,756,949.83\n \nOct\n1,704.79\n \n281,204.64\n \n480,106.49\n \n94,573.08\n \n343,440.15\n \n22,895.35\n \n136,939.74\n \n - \n204.69\n \n2,201.55\n \n116.48\n \n341.96\n \n22,935.50\n \n852,069.39\n \n15,525.65\n \n165,306.91\n \n232,188.99\n \n245,924.22\n \n2,897,679.60\n \nNov\n1,644.95\n \n259,109.18\n \n533,438.97\n \n101,870.32\n \n299,715.01\n \n17,089.04\n \n180,534.44\n \n - \n141.97\n \n2,292.28\n \n119.53\n \n303.55\n \n22,178.73\n \n960,814.77\n \n15,450.39\n \n170,944.78\n \n196,338.19\n \n250,551.19\n \n3,012,537.30\n \nDec\n1,778.71\n \n263,863.65\n \n603,136.26\n \n110,935.77\n \n299,087.30\n \n7,965.37\n \n266,725.41\n \n - \n79.26\n \n3,887.78\n \n114.42\n \n282.61\n \n30,272.25\n \n1,066,654.12\n \n16,130.63\n \n159,126.16\n \n189,560.01\n \n344,235.10\n \n3,363,834.80\n \n2023\nJan\n2,391.61\n \n340,953.56\n \n654,740.29\n \n143,455.70\n \n335,380.17\n \n(1,443.59)\n \n301,026.07\n \n-\n \n105.97\n \n4,873.87\n \n228.45\n \n251.24\n \n44,113.17\n \n1,307,512.98\n \n17,767.70\n \n227,545.42\n \n204,830.78\n \n374,080.77\n \n3,957,814.16\n \nFeb\n1,470.56\n \n366,544.71\n \n691,937.49\n \n71,097.36\n \n452,795.43\n \n21,074.53\n \n306,913.92\n \n-\n \n50.02\n \n1,524.98\n \n318.96\n \n197.44\n \n44,691.50\n \n1,481,851.05\n \n18,037.18\n \n226,932.96\n \n224,983.29\n \n411,002.80\n \n4,321,424.21\n \nMar\n1,771.98\n \n344,570.46\n \n755,463.34\n \n103,284.07\n \n478,333.21\n \n41,928.66\n \n330,669.68\n \n-\n \n-\n \n3,884.11\n \n432.22\n \n149.78\n \n48,725.38\n \n1,679,284.89\n \n28,439.56\n \n554,840.85\n \n254,605.57\n \n438,790.17\n \n5,065,173.94\n \nApr\n1,631.24\n \n388,822.83\n \n903,029.49\n \n144,252.31\n \n555,886.92\n \n32,206.95\n \n361,846.09\n \n-\n \n-\n \n8,716.45\n \n559.82\n \n99.28\n \n54,058.39\n \n1,722,384.40\n \n28,899.91\n \n214,270.92\n \n321,765.39\n \n476,263.19\n \n5,214,693.59\n \nMay\n1,010.26\n \n907,818.70\n \n1,932,225.57\n \n281,052.93\n \n1,351,116.97\n \n84,147.32\n \n570,367.60\n \n-\n \n-\n \n8,974.78\n \n4,599.15\n \n80.34\n \n112,188.06\n \n3,844,133.80\n \n65,696.39\n \n607,438.10\n \n669,908.72\n \n758,154.17\n \n11,198,912.85\n \nJun\n1,762.11\n \n1,979,000.71\n \n4,218,755.04\n \n444,538.09\n \n2,584,596.63\n \n350,042.51\n \n865,465.55\n \n-\n \n-\n \n221.09\n \n10,133.46\n \n8,052.34\n \n260,946.26\n \n8,487,837.63\n \n92,224.26\n \n1,390,786.24\n \n1,304,228.92\n \n2,222,499.38\n \n24,221,090.21\n \nJul\n1,305.13\n \n1,428,604.02\n \n3,898,282.53\n \n359,151.15\n \n2,646,743.26\n \n337,541.82\n \n1,133,463.14\n \n-\n \n-\n \n153.30\n \n7,368.09\n \n68.07\n \n208,253.70\n \n6,917,007.30\n \n129,308.58\n \n829,382.28\n \n1,155,945.57\n \n2,438,538.20\n \n21,491,116.14\n \nAug\n1,664.09\n \n1,370,651.81\n \n4,309,693.74\n \n391,792.23\n \n2,693,989.06\n \n208,098.88\n \n1,084,784.90\n \n-\n \n-\n \n138.30\n \n7,469.95\n \n75.80\n \n205,341.47\n \n6,863,348.14\n \n127,816.16\n \n701,626.16\n \n1,081,800.09\n \n2,446,465.02\n \n21,494,755.81\n \nSep\n1,503.56\n \n1,763,364.33\n \n4,914,305.55\n \n517,813.92\n \n2,760,807.78\n \n247,094.60\n \n1,204,684.14\n \n-\n \n-\n \n9.75\n \n9,935.82\n \n92.05\n \n219,878.94\n \n8,245,053.80\n \n151,685.43\n \n776,997.57\n \n1,312,147.78\n \n2,668,520.81\n \n24,793,895.84\n \nOct\n1,977.18\n \n2,059,471.85\n \n5,625,069.70\n \n562,790.91\n \n2,202,475.21\n \n175,235.94\n \n1,172,130.22\n \n-\n \n-\n \n0.03\n \n10,816.83\n \n98.06\n \n237,525.73\n \n8,864,363.09\n \n153,534.70\n \n958,746.42\n \n1,351,846.54\n \n2,767,099.33\n \n26,143,181.72\n \nNov\n2,295.18\n \n2,278,921.91\n \n5,913,094.15\n \n568,556.41\n \n2,451,981.00\n \n180,229.25\n \n1,337,040.40\n \n-\n \n-\n \n0.03\n \n10,921.42\n \n59.77\n \n238,702.30\n \n9,040,518.08\n \n158,702.11\n \n1,046,256.98\n \n1,702,370.26\n \n2,868,031.98\n \n27,797,681.23\n \nDec\n2,947.49\n \n2,536,437.97\n \n5,489,443.24\n \n657,432.63\n \n2,268,702.96\n \n155,742.88\n \n2,420,663.39\n \n-\n \n-\n \n0.03\n \n12,324.59\n \n73.45\n \n248,699.79\n \n9,507,281.46\n \n255,007.08\n \n1,184,706.91\n \n1,748,495.98\n \n3,349,062.31\n \n29,837,022.16\n \n2024\nJan\n2,536.36\n \n4,749,173.95\n \n8,535,153.83\n \n940,210.80\n \n3,564,879.01\n \n285,807.60\n \n3,972,600.87\n \n-\n \n-\n \n0.03\n \n17,912.41\n \n198.80\n \n374,088.29\n \n14,957,169.30\n \n312,516.30\n \n1,949,662.45\n \n2,737,500.88\n \n4,289,981.53\n \n46,689,392.37\n \nFeb\n2,519.25\n \n6,564,463.71\n \n11,709,703.62\n \n1,772,649.65\n \n4,708,270.62\n \n153,450.01\n \n5,911,393.45\n \n-\n \n-\n \n0.03\n \n26,073.06\n \n232.00\n \n488,602.76\n \n22,234,523.09\n \n378,975.16\n \n2,608,075.14\n \n3,125,793.33\n \n5,812,047.28\n \n65,496,772.18\n \nMar\n2,435.72\n \n8,601,285.46\n \n15,501,059.95\n \n2,213,233.27\n \n6,701,169.42\n \n775,336.87\n \n8,098,495.31\n \n-\n \n-\n \n0.03\n \n47,609.35\n \n143.35\n \n729,484.92\n \n34,077,197.02\n \n597,886.20\n \n2,860,196.61\n \n4,317,386.46\n \n8,974,860.63\n \n93,497,780.56\n \n*Apr\n5.89\n \n4,141.51\n \n9,980.68\n \n1,414.28\n \n5,461.70\n \n287.09\n \n5,206.08\n \n-\n \n-\n \n0.00\n \n31.18\n \n88.00\n \n440.49\n \n20,170.86\n \n246.21\n \n2,510.15\n \n5,472.97\n \n4,360.99\n \n59,818.08\n \n*May\n10.60\n \n3,583.02\n \n11,575.45\n \n1,506.01\n \n6,092.37\n \n382.87\n \n5,420.56\n \n-\n \n-\n \n0.00\n \n29.63\n \n1.37\n \n433.36\n \n21,315.87\n \n348.50\n \n2,114.73\n \n6,339.55\n \n4,613.87\n \n63,767.76\n \n*Jun\n8.01\n \n4,111.49\n \n11,498.97\n \n1,627.32\n \n5,775.34\n \n298.05\n \n6,080.69\n \n-\n \n-\n \n7.23\n \n24.70\n \n1.49\n \n446.45\n \n22,801.09\n \n345.72\n \n2,541.32\n \n6,558.03\n \n5,419.46\n \n67,545.34\n \n*Jul\n5.05\n \n4,943.82\n \n10,426.18\n \n1,342.47\n \n5,743.94\n \n351.44\n \n6,988.99\n \n-\n \n-\n \n5.21\n \n25.13\n \n0.16\n \n432.35\n \n24,895.03\n \n348.09\n \n2,342.85\n \n6,539.59\n \n6,244.23\n \n70,634.52\n \n*Aug\n5.26\n \n5,703.86\n \n12,540.81\n \n1,453.04\n \n4,411.38\n \n205.93\n \n6,149.38\n \n-\n \n-\n \n2.43\n \n126.05\n \n0.19\n \n378.05\n \n25,591.15\n \n542.15\n \n2,767.89\n \n7,004.36\n \n6,832.60\n \n73,714.52\n \n*Sep\n6.82\n \n9,465.31\n \n20,161.22\n \n2,742.22\n \n7,903.81\n \n340.45\n \n10,295.58\n \n-\n \n-\n \n0.00\n \n244.94\n \n0.33\n \n600.93\n \n43,094.11\n \n979.13\n \n4,853.44\n \n11,326.85\n \n9,785.35\n \n121,800.51\n \n*Oct\n39.65\n \n12,315.40\n \n27,597.64\n \n3,670.13\n \n7,120.62\n \n129.14\n \n11,256.45\n \n-\n \n-\n \n0.00\n \n239.01\n \n0.08\n \n679.62\n \n49,545.16\n \n1,042.81\n \n6,380.10\n \n11,454.83\n \n11,116.57\n \n142,587.19\n \n*Nov\n58.26\n \n10,111.62\n \n27,498.54\n \n3,102.17\n \n5,626.08\n \n117.33\n \n9,757.48\n \n-\n \n-\n \n0.00\n \n287.55\n \n2,326.36\n \n572.57\n \n45,782.99\n \n1,064.73\n \n6,685.94\n \n11,362.33\n \n10,783.91\n \n135,137.84\n \n*Dec\n64.89\n \n8,774.50\n \n29,312.78\n \n3,217.87\n \n7,673.17\n \n287.57\n \n10,942.77\n \n-\n \n-\n \n8.29\n \n54.88\n \n0.57\n \n549.66\n \n46,926.14\n \n1,073.63\n \n6,555.30\n \n13,399.70\n \n11,326.46\n \n140,168.19\n \n2025\nJan\n69.16\n \n11,456.41\n \n29,733.87\n \n3,619.46\n \n5,360.40\n \n371.37\n \n10,307.60\n \n-\n \n-\n \n8.47\n \n56.00\n \n10.04\n \n602.54\n \n47,707.68\n \n1,083.88\n \n6,541.21\n \n10,321.33\n \n12,929.18\n \n140,178.60\n \nFeb\n74.54\n \n10,379.65\n \n28,980.85\n \n2,887.47\n \n7,444.59\n \n537.09\n \n9,957.34\n \n-\n \n-\n \n8.33\n \n56.51\n \n18.89\n \n773.23\n \n47,741.48\n \n1,091.66\n \n6,813.47\n \n9,654.17\n \n12,804.87\n \n139,224.14\n \nMar\n79.63\n \n7,925.12\n \n30,608.58\n \n2,161.71\n \n11,619.28\n \n786.30\n \n10,693.31\n \n-\n \n-\n \n0.00\n \n65.05\n \n59.30\n \n740.61\n \n49,559.08\n \n1,085.54\n \n7,656.70\n \n8,750.57\n \n13,326.61\n \n145,117.41\n \nSource:Reserve Bank of Zimbabwe,2025\nStatistics are denominated in ZiG\nTABLE 6.1: COMMERCIAL BANKS -ASSETS\nZWG millions\nDebt Securities\nLoans and Advances\n37 \n \n \nZWG millions\nEnd of\nDemand\nSavings\nTime Deposits Total Deposits Other Depository Government \nTotal\nDebt Securities Foreign Liabilities\nRBZ\nOther Depository Other Finacial \nCapital\nContigent\nOther\nfrom the public\nCorporations\n Corporations\n Corporations\nand\nLiablities\nLiablities\nTOTAL\nReserves\n2021\nJan\n158,888.8\n28,456.6\n10,150.2\n197,495.5\n2,580.8\n5,423.4\n205,499.8\n1,142.5\n12,732.6\n391.1\n519.6\n376.7\n50,147.7\n25,036.2\n29,608.5\n325,454.7\nFeb\n162,092.2\n26,146.3\n12,239.7\n200,478.2\n2,809.1\n4,762.5\n208,049.7\n1,150.4\n12,833.2\n409.2\n540.7\n609.9\n54,930.3\n28,339.2\n33,280.7\n340,143.4\nMar\n165,101.1\n30,313.5\n12,276.4\n207,691.0\n4,541.2\n4,845.3\n217,077.6\n1,331.7\n11,620.2\n75.4\n1,136.7\n408.9\n58,208.9\n32,908.1\n30,626.5\n353,393.9\nApr\n191,923.5\n31,441.3\n11,549.5\n234,914.3\n2,195.0\n5,346.7\n242,455.9\n1,190.1\n11,503.5\n176.5\n757.1\n409.9\n60,361.3\n34,537.9\n29,396.5\n380,788.7\nMay\n194,108.9\n40,921.9\n15,896.4\n250,927.2\n1,705.9\n6,802.1\n259,435.2\n1,186.9\n11,783.3\n654.2\n145.2\n429.0\n61,202.0\n35,592.3\n29,790.4\n400,218.5\nJun\n211,950.0\n40,878.5\n18,536.0\n271,364.4\n2,696.6\n6,202.3\n280,263.2\n1,211.8\n11,575.5\n662.3\n368.5\n462.6\n63,417.5\n26,856.5\n40,783.7\n425,601.6\nJul\n226,860.1\n48,928.9\n19,775.4\n295,564.4\n2,991.7\n5,012.2\n303,568.3\n1,169.2\n12,552.8\n706.9\n476.2\n552.8\n66,514.1\n26,869.2\n68,693.1\n481,102.6\nAug\n237,167.0\n38,425.4\n25,114.2\n300,706.5\n3,601.5\n5,873.7\n310,181.7\n1,216.2\n13,354.7\n1,444.4\n1,678.3\n478.6\n72,123.3\n32,281.1\n58,597.3\n491,355.6\nSep\n263,598.2\n37,954.3\n21,954.4\n323,506.9\n3,643.0\n3,469.0\n330,618.9\n2,141.0\n11,770.4\n1,453.1\n-110.6\n375.4\n71,255.0\n31,981.0\n46,729.4\n496,213.6\nOct\n299,038.0\n50,766.0\n22,882.7\n372,686.7\n2,824.1\n3,023.7\n378,534.5\n2,411.8\n14,077.4\n1,095.3\n1,109.9\n503.1\n78,644.6\n49,581.0\n61,280.0\n587,237.6\nNov\n307,063.4\n52,309.9\n27,875.3\n387,248.6\n3,325.7\n2,764.9\n393,339.3\n2,869.4\n12,437.2\n2,726.5\n1,352.5\n347.1\n89,288.6\n52,327.7\n61,678.3\n616,366.5\nDec\n334,599.0\n58,318.5\n30,455.6\n423,373.1\n3,842.1\n3,855.7\n431,070.9\n3,027.0\n13,896.4\n2,808.1\n1,693.3\n139.8\n109,665.4\n60,917.0\n63,170.8\n686,388.6\n2022\nJan\n346,619.5\n43,438.8\n31,158.1\n421,216.4\n2,962.5\n3,864.8\n428,043.7\n2,995.6\n14,406.9\n2,688.6\n1,043.2\n230.5\n122,752.1\n53,627.8\n58,853.6\n684,641.9\nFeb\n358,979.4\n51,510.7\n38,313.7\n448,803.8\n3,229.3\n4,248.7\n456,281.8\n3,834.1\n16,267.7\n2,120.4\n1,338.1\n226.8\n130,981.3\n55,099.6\n68,847.8\n734,997.5\nMar\n422,934.6\n58,283.5\n42,258.5\n523,476.6\n3,062.2\n5,171.3\n531,710.2\n3,850.2\n18,374.8\n2,137.9\n2,779.1\n810.6\n149,781.8\n65,660.6\n85,216.5\n860,321.7\nApr\n479,558.7\n74,880.3\n40,491.0\n594,930.0\n6,377.5\n7,486.7\n608,794.2\n3,792.3\n21,445.6\n2,173.0\n3,173.0\n486.8\n149,610.1\n53,372.3\n103,623.7\n946,471.1\nMay\n666,937.8\n137,419.9\n55,389.8\n859,747.5\n7,310.9\n7,249.8\n874,308.3\n5,769.3\n39,105.1\n2,383.3\n2,207.5\n321.8\n214,978.6\n134,993.5\n182,638.3\n1,456,705.7\nJun\n773,692.7\n154,956.9\n63,511.7\n992,161.3\n4,597.1\n10,018.0\n1,006,776.4\n6,743.2\n42,701.8\n2,898.5\n3,389.3\n345.2\n307,341.8\n169,511.8\n184,958.1\n1,724,666.1\nJul\n810,906.6\n173,134.0\n74,324.5\n1,058,365.1\n717.0\n9,153.8\n1,068,235.9\n7,994.5\n54,168.7\n2,814.9\n2,948.9\n1,339.1\n355,597.9\n144,090.2\n220,013.9\n1,857,204.0\nAug\n1,100,922.1\n219,798.6\n110,595.1\n1,431,315.7\n790.2\n7,675.2\n1,439,781.1\n12,484.6\n64,160.3\n3,230.7\n2,791.8\n555.2\n421,880.4\n167,029.4\n300,169.0\n2,412,082.6\nSep\n1,328,584.6\n256,980.2\n127,051.1\n1,712,616.0\n1,482.9\n8,473.0\n1,722,571.9\n13,789.2\n81,182.4\n3,720.2\n5,632.9\n587.2\n465,063.9\n146,133.1\n318,269.0\n2,756,949.8\nOct\n1,365,908.5\n205,688.8\n128,186.9\n1,699,784.2\n813.8\n6,314.3\n1,706,912.3\n14,933.2\n83,998.0\n28,072.2\n4,282.4\n762.5\n486,396.6\n165,306.9\n407,015.5\n2,897,679.6\nNov\n1,481,503.5\n243,239.9\n146,530.0\n1,871,273.4\n291.3\n6,366.6\n1,877,931.3\n12,665.1\n67,318.9\n19,973.5\n5,349.1\n339.6\n514,200.0\n170,944.8\n343,815.1\n3,012,537.3\nDec\n1,697,008.7\n235,271.2\n181,090.6\n2,113,370.5\n1,514.4\n7,399.5\n2,122,284.4\n13,296.8\n106,071.5\n10,597.8\n9,610.4\n752.5\n621,113.3\n159,126.2\n320,981.8\n3,363,834.8\n2023\nJan\n2,139,458.0\n78,197.7\n215,537.0\n2,433,192.7\n214.3\n41,333.8\n2,474,740.8\n12,923.7\n123,605.0\n4,974.3\n5,669.1\n675.5\n723,452.2\n227,545.4\n384,228.1\n3,957,814.2\nFeb\n1,997,073.4\n398,595.8\n230,549.9\n2,626,219.1\n303.5\n10,655.7\n2,637,178.4\n14,443.3\n140,484.9\n8,092.9\n13,273.6\n3,109.0\n780,290.7\n226,933.0\n497,618.5\n4,321,424.2\nMar\n2,218,678.7\n384,245.5\n262,119.8\n2,865,044.1\n1,272.8\n5,953.0\n2,872,269.9\n15,181.9\n166,322.5\n9,639.9\n15,494.1\n3,714.6\n846,479.9\n554,840.9\n581,230.2\n5,065,173.9\nApr\n2,646,522.9\n382,678.9\n197,662.2\n3,226,864.0\n173.4\n9,463.7\n3,236,501.1\n1,115.5\n201,674.1\n13,321.9\n21,331.0\n6,418.8\n935,402.2\n214,270.9\n584,658.1\n5,214,693.6\nMay\n5,196,712.7\n969,812.4\n435,965.9\n6,602,490.9\n514.9\n50,270.4\n6,653,276.3\n1,287.6\n493,894.8\n78,332.6\n65,967.5\n30,583.3\n1,815,309.9\n607,438.1\n1,452,822.8\n11,198,912.9\nJun\n10,038,744.6\n2,287,818.9\n789,112.9\n13,115,676.4\n1,468.6\n432,367.0\n13,549,512.0\n1,177.5\n1,201,797.0\n39,166.6\n101,465.7\n64,321.9\n5,042,026.4\n1,390,786.2\n2,830,837.1\n24,221,090.2\nJul\n9,592,825.0\n1,787,488.9\n592,115.4\n11,972,429.2\n9,138.5\n380,190.7\n12,361,758.4\n512.4\n847,658.7\n87,827.2\n146,299.0\n58,256.2\n4,649,856.9\n829,382.3\n2,509,565.1\n21,491,116.1\nAug\n9,698,801.3\n1,920,804.2\n622,360.9\n12,241,966.5\n1,479.8\n381,277.2\n12,624,723.5\n863.9\n865,945.4\n84,841.4\n141,305.4\n56,751.6\n4,465,099.7\n701,626.2\n2,553,598.8\n21,494,755.8\nSep\n13,388,822.1\n319,686.0\n695,555.0\n14,404,063.1\n4,754.8\n114,251.5\n14,523,069.4\n504.3\n1,036,635.6\n82,493.4\n152,779.3\n90,032.4\n5,159,376.7\n776,997.6\n2,972,007.2\n24,793,895.8\nOct\n14,087,303.5\n312,655.9\n827,902.5\n15,227,861.9\n1,692.7\n146,801.2\n15,376,355.8\n522.9\n1,106,440.5\n84,628.9\n159,670.3\n83,441.8\n5,427,255.6\n958,746.4\n2,946,119.7\n26,143,181.7\nNov\n14,816,672.7\n306,014.4\n882,972.1\n16,005,659.2\n5,789.4\n133,219.7\n16,144,668.4\n432.3\n1,259,039.0\n92,939.9\n227,935.0\n89,997.7\n5,701,702.0\n1,046,257.0\n3,234,709.9\n27,797,681.2\nDec\n15,726,758.6\n369,405.4\n808,422.2\n16,904,586.1\n6,923.3\n201,225.8\n17,112,735.3\n36,808.0\n1,314,667.6\n55,157.4\n153,701.6\n138,722.6\n6,264,918.7\n1,184,706.9\n3,575,604.1\n29,837,022.2\n2024\nJan\n24,824,665.8\n662,989.2\n1,191,915.8\n26,679,570.7\n25,881.9\n169,368.5\n26,874,821.1\n168.2\n2,102,990.2\n114,298.0\n279,174.1\n182,727.0\n9,532,603.9\n1,949,662.4\n5,652,947.5\n46,689,392.4\nFeb\n34,081,030.9\n911,544.4\n1,983,870.0\n36,976,445.3\n7,146.9\n340,314.0\n37,323,906.2\n151.1\n3,106,432.1\n105,237.1\n449,118.3\n279,727.9\n13,237,287.6\n2,608,075.1\n8,386,836.6\n65,496,772.2\nMar\n48,600,783.9\n1,434,256.6\n3,333,658.9\n53,368,699.4\n104,688.2\n515,299.7\n53,988,687.3\n0.0\n4,654,985.7\n95,705.0\n500,611.7\n361,061.7\n20,221,996.6\n2,860,196.6\n10,814,535.9\n93,497,780.6\n*Apr\n31,998.9\n843.3\n1,944.9\n34,787.2\n92.9\n242.8\n35,122.9\n0.0\n2,867.4\n67.4\n358.1\n222.7\n10,281.8\n2,510.2\n8,387.7\n59,818.1\n*May\n33,721.9\n910.6\n2,242.3\n36,874.7\n79.3\n349.9\n37,303.9\n0.0\n3,056.1\n50.9\n436.0\n4.6\n12,101.9\n2,114.7\n8,699.7\n63,767.8\n*Jun\n34,597.9\n958.5\n2,874.9\n38,431.3\n2.1\n589.2\n39,022.6\n0.0\n3,399.1\n99.8\n442.6\n13.2\n14,415.1\n2,541.3\n7,611.6\n67,545.3\n*Jul\n36,817.5\n1,137.8\n2,766.8\n40,722.1\n68.7\n438.6\n41,229.4\n0.0\n3,923.2\n99.9\n469.8\n12.0\n15,126.4\n2,342.9\n7,430.9\n70,634.5\n*Aug\n37,597.8\n872.1\n2,514.1\n40,984.0\n65.6\n532.9\n41,582.4\n0.0\n4,039.1\n109.9\n586.0\n12.5\n16,106.1\n2,767.9\n8,510.5\n73,714.5\n*Sep\n59,919.0\n2,378.4\n3,920.7\n66,218.0\n76.5\n579.2\n66,873.8\n0.0\n7,142.2\n491.4\n844.5\n51.1\n27,911.3\n4,853.4\n13,632.7\n121,800.5\n*Oct\n70,016.8\n1,657.3\n5,193.9\n76,867.9\n170.2\n621.4\n77,659.6\n0.0\n8,524.2\n429.7\n1,248.8\n16.1\n32,737.1\n6,380.1\n15,591.5\n142,587.2\n*Nov\n66,321.7\n1,869.1\n5,320.9\n73,511.7\n156.7\n677.1\n74,345.6\n0.0\n7,213.9\n409.3\n558.7\n42.7\n32,040.3\n6,685.9\n13,841.4\n135,137.8\n*Dec\n69,146.0\n1,993.7\n5,095.0\n76,234.8\n134.4\n716.3\n77,085.5\n0.0\n8,204.4\n233.0\n588.3\n112.5\n32,891.4\n6,555.3\n14,497.8\n140,168.2\n2025\nJan\n67,471.6\n3,347.4\n5,479.5\n76,298.4\n113.0\n703.9\n77,115.3\n0.0\n8,899.1\n368.7\n583.1\n13.4\n31,606.5\n6,541.2\n15,051.3\n140,178.6\nFeb\n66,010.2\n2,819.1\n5,647.8\n74,477.1\n395.7\n912.6\n75,785.4\n0.0\n8,885.5\n536.9\n840.5\n17.4\n32,130.5\n6,813.5\n14,214.5\n139,224.1\nMar\n70,901.6\n3,277.8\n5,300.5\n79,479.9\n134.2\n880.5\n80,494.6\n0.0\n11,670.0\n546.5\n778.5\n16.4\n33,940.6\n7,656.7\n10,014.1\n145,117.4\n \nSource: Reserve Bank of Zimbabwe, 2025\n*Statistics are denominated in ZiG\nTABLE 6.2 : COMMERCIAL BANKS - LIABILITIES\nDeposits\nAmounts Owing to\n38 \n \nForeign\nOther Assets\nNon Financial \nTOTAL\nEnd of\nNotes\nAssets\nBond\n&\nBalances\nBalances with\nBalances\nOther Claims \n Notes &\nCoin\nwith\nOther Depository \nwith\non\nGovernment1 Local Governemt Public Enterprises\nOther2\nMortgages\nGovernment\nOther\nCoins\nRBZ\nCorporations\nForeign Banks Non-residents\nSecurities\nsecurities\n2021\nJan\n188.7\n \n2943.3\n5,986.5\n \n793.8\n843.5\n \n-\n \n1,783.8\n \n10.2\n-\n \n211.3\n \n1,091.3\n \n0.0\n \n9,329.1\n \n2980.3\n7,685.1\n \n33,846.9\n \nFeb\n345.7\n \n2762.9\n6,004.8\n \n811.1\n984.2\n \n-\n \n2,731.0\n \n9.2\n-\n \n236.8\n \n2,089.3\n \n-\n \n8,950.2\n \n2949.2\n7,790.6\n \n35,665.0\n \nMar\n168.3\n \n2278.9\n6,313.1\n \n1594.4\n1,028.2\n \n-\n \n1,341.7\n \n8.4\n-\n \n415.1\n \n1,242.4\n \n-\n \n10,867.7\n \n3027.5\n7,841.0\n \n36,126.8\n \nApr\n206.9\n \n2702.1\n5,302.6\n \n1156.7\n1,085.4\n \n-\n \n871.7\n \n7.7\n-\n \n508.9\n \n1,581.5\n \n-\n \n14,233.6\n \n3431.1\n7,237.9\n \n38,326.2\n \nMay\n210.3\n \n1687.6\n5,962.2\n \n1250.9\n3,847.1\n \n-\n \n116.9\n \n7.0\n-\n \n517.7\n \n1,568.8\n \n-\n \n17,154.9\n \n2927.9\n7,532.9\n \n42,784.2\n \nJun\n249.6\n \n1649.7\n6,202.6\n \n1163.8\n1,866.7\n \n-\n \n204.6\n \n6.5\n-\n \n588.0\n \n1,851.9\n \n-\n \n18,795.4\n \n2580.9\n7,701.1\n \n42,860.7\n \nJul\n283.7\n \n1212.2\n7,193.4\n \n1892.7\n1,875.4\n \n-\n \n1,143.4\n \n6.0\n-\n \n447.3\n \n1,963.2\n \n-\n \n18,280.3\n \n3923.5\n7,695.6\n \n45,916.5\n \nAug\n352.8\n \n1408.8\n7,869.3\n \n2537.6\n2,316.2\n \n-\n \n3,535.6\n \n5.4\n-\n \n399.5\n \n2,101.3\n \n-\n \n19,422.2\n \n3837.6\n7,666.6\n \n51,453.0\n \nSep\n349.8\n \n1926.6\n7,608.5\n \n2430.2\n1,941.4\n \n-\n \n4,314.6\n \n5.1\n-\n \n205.2\n \n2,231.7\n \n-\n \n20,461.1\n \n4013.2\n9,460.7\n \n54,948.1\n \nOct\n411.5\n \n2396.2\n8,221.0\n \n2162.4\n3,421.5\n \n-\n \n5,627.7\n \n4.3\n-\n \n271.1\n \n2,539.5\n \n-\n \n22,881.3\n \n5432.3\n9,501.3\n \n62,870.1\n \nNov\n339.8\n \n3578.4\n7,561.6\n \n2568.8\n2,299.5\n \n-\n \n5,882.7\n \n3.7\n-\n \n566.4\n \n2,788.5\n \n-\n \n27,326.1\n \n4400.3\n9,614.3\n \n66,930.0\n \nDec\n351.1\n \n3217.3\n8,557.8\n \n2619.2\n3,620.2\n \n-\n \n2,353.6\n \n3.0\n-\n \n1,189.0\n \n2,786.9\n \n-\n \n33,115.3\n \n5610.8\n11,334.1\n \n74,758.3\n \n2022\nJan\n324.6\n \n3504.3\n8,506.5\n \n2680.3\n2,631.0\n \n-\n \n1,110.8\n \n2.4\n-\n \n1,487.3\n \n2,967.6\n \n-\n \n35,913.5\n \n6693.8\n14,008.7\n \n79,830.9\n \nFeb\n411.5\n \n4021.5\n9,763.6\n \n3069.7\n5,678.0\n \n-\n \n4,048.9\n \n1.6\n-\n \n1,465.4\n \n3,241.1\n \n-\n \n39,977.5\n \n4511.5\n13,964.4\n \n90,154.6\n \nMar\n354.3\n \n4413.6\n11,882.6\n \n3691.3\n4,932.3\n \n-\n \n5,235.0\n \n0.9\n-\n \n1,590.0\n \n3,888.3\n \n-\n \n42,741.3\n \n9086.6\n15,421.2\n \n103,237.4\n \nApr\n546.4\n \n3054.1\n15,585.8\n \n4857.7\n5,768.6\n \n-\n \n5,714.4\n \n0.2\n-\n \n1,861.4\n \n4,143.7\n \n-\n \n48,582.4\n \n9654.2\n16,999.2\n \n116,768.1\n \nMay\n639.5\n \n8326.7\n23,817.6\n \n4251.9\n16,001.6\n \n-\n \n6,150.9\n \n0.0\n-\n \n1,486.3\n \n8,474.8\n \n-\n \n74,864.0\n \n14793.9\n17,091.2\n \n175,898.5\n \nJun\n418.5\n \n8464.3\n32,497.6\n \n3807.5\n21,184.8\n \n-\n \n2,639.3\n \n0.0\n-\n \n1,340.0\n \n10,851.1\n \n-\n \n85,145.9\n \n18155.8\n35,128.1\n \n219,633.0\n \nJul\n700.4\n \n9914.6\n30,660.3\n \n4983.4\n24,902.9\n \n-\n \n4,077.6\n \n0.0\n-\n \n1,411.5\n \n13,722.1\n \n-\n \n98,066.0\n \n9998.6\n45,127.9\n \n243,565.1\n \nAug\n863.8\n \n14422.1\n33,703.2\n \n4483.0\n34,971.8\n \n-\n \n4,379.8\n \n0.0\n-\n \n2,106.6\n \n16,515.4\n \n-\n \n115,491.9\n \n8745.3\n45,694.0\n \n281,377.1\n \nSep\n1,086.8\n \n14998.2\n37,911.3\n \n7470.1\n45,094.8\n \n-\n \n8,440.8\n \n0.0\n-\n \n1,302.8\n \n17,996.8\n \n-\n \n129,242.7\n \n11630.7\n60,830.4\n \n336,005.2\n \nOct\n1,158.3\n \n14768.7\n44,296.5\n \n10013.7\n44,664.1\n \n-\n \n14,109.9\n \n0.0\n-\n \n1,142.4\n \n16,817.7\n \n-\n \n123,793.8\n \n30036.4\n47,678.2\n \n348,479.7\n \nNov\n1,449.3\n \n22456.9\n41,398.0\n \n9771.8\n41,317.6\n \n-\n \n17,572.6\n \n0.0\n-\n \n2,085.3\n \n16,785.8\n \n-\n \n136,029.9\n \n30694.0\n46,275.8\n \n365,836.9\n \nDec\n1,470.7\n \n23012.7\n48,533.8\n \n8913.7\n50,229.0\n \n-\n \n21,411.1\n \n0.0\n19993.4\n2,176.2\n \n17,693.7\n \n-\n \n119,322.3\n \n39279.1\n69,102.5\n \n421,138.1\n \n2023\nJan\n2,402.7\n \n32405.1\n47,062.6\n \n8410.8\n50,364.6\n \n-\n \n17,976.2\n \n0.0\n23,668.5\n \n2,406.3\n \n18,311.0\n \n-\n \n132,757.4\n \n41367.4\n69,570.1\n \n446,702.8\n \nFeb\n234.9\n \n59685.4\n50,103.0\n \n9568.6\n62,701.4\n \n889.9\n \n24,809.7\n \n0.0\n26,667.1\n \n4,451.9\n \n21,629.1\n \n-\n \n146,798.4\n \n50093.6\n70,987.9\n \n528,620.9\n \nMar\n214.6\n \n72311.9\n57,399.6\n \n9196.8\n51,300.9\n \n-\n \n28,841.5\n \n0.0\n24,689.0\n \n5,503.9\n \n19,118.6\n \n-\n \n170,376.6\n \n54524.7\n84,489.1\n \n577,967.3\n \nApr\n184.1\n \n61341.6\n63,129.5\n \n16343.2\n61,444.0\n \n-\n \n28,727.0\n \n0.0\n28,119.0\n \n5,989.2\n \n27,619.9\n \n-\n \n205,412.2\n \n81442.9\n86,571.2\n \n666,323.9\n \nMay\n78.1\n \n125685.1\n100,808.7\n \n22707.0\n195,646.6\n \n-\n \n81,344.3\n \n0.0\n69,908.9\n \n6,246.8\n \n53,180.7\n \n-\n \n440,462.4\n \n103176.1\n116,103.7\n \n1,315,348.2\n \nJun\n176.6\n \n227001.8\n172,666.5\n \n25998.2\n452,772.6\n \n40,326.7\n \n115,193.3\n \n0.0\n196,310.3\n \n4,209.5\n \n121,677.5\n \n-\n \n870,075.1\n \n230604.4\n544,587.8\n \n3,001,600.3\n \nJul\n162.7\n \n132017.2\n220,995.0\n \n20797.2\n459,668.2\n \n32,010.8\n \n105,308.6\n \n0.0\n154,472.7\n \n13,777.8\n \n153,638.5\n \n-\n \n697,177.8\n \n209734.6\n612,937.8\n \n2,812,698.9\n \nAug\n611.0\n \n105296.6\n309,821.7\n \n55744.7\n475,838.3\n \n37,447.1\n \n102,495.2\n \n0.0\n153,578.2\n \n6,767.5\n \n135,193.3\n \n-\n \n758,439.2\n \n223114.4\n564,622.1\n \n2,928,969.2\n \nSep\n949.3\n \n193065.6\n339,269.2\n \n41680.1\n437,996.0\n \n58,554.5\n \n110,351.3\n \n0.0\n161,346.6\n \n4,522.1\n \n153,113.7\n \n-\n \n880,148.8\n \n290026.7\n565,616.4\n \n3,236,640.3\n \nOct\n403.8\n \n204713.4\n254,684.1\n \n187632.1\n440,150.3\n \n65,022.1\n \n97,046.1\n \n0.0\n176,111.9\n \n13,771.8\n \n173,523.5\n \n-\n \n829,479.5\n \n345029.3\n586,015.6\n \n3,373,583.5\n \nNov\n370.5\n \n222344.7\n387,213.2\n \n160896.0\n326,510.1\n \n50,688.3\n \n159,225.4\n \n0.0\n173,990.9\n \n28,127.2\n \n187,363.3\n \n-\n \n926,663.7\n \n395549.5\n595,811.6\n \n3,614,754.5\n \nDec\n403.7\n \n251968.8\n457,034.9\n \n261067.9\n345,348.0\n \n56,551.7\n \n185,131.1\n \n0.0\n166902.0\n27,875.9\n \n222,503.1\n \n0.7\n \n973,788.6\n \n507890.9\n658,045.7\n \n4,114,512.9\n \n2024\nJan\n367.9\n \n368046.7\n524,020.9\n \n471915.0\n363,325.6\n \n40,412.9\n \n280,803.2\n \n0.0\n280441.0\n45,935.9\n \n339,610.7\n \n-\n \n1,563,405.5\n \n649087.4\n742,734.0\n \n5,670,106.8\n \nFeb\n578.8\n \n637645.2\n797,581.2\n \n618074.6\n613,309.7\n \n24,680.4\n \n425,783.2\n \n0.0\n399313.5\n67,900.2\n \n519,513.4\n \n-\n \n2,188,186.8\n \n904519.6\n937,957.6\n \n8,135,044.1\n \nMar\n356.6\n \n1026840.5\n1,171,941.4\n \n888362.3\n829,470.4\n \n-\n \n440,943.8\n \n0.0\n528820.5\n103,276.3\n \n787,872.2\n \n-\n \n3,761,909.8\n \n1403556.4\n1,697,667.5\n \n12,641,017.5\n \n*Apr\n1.0\n \n564.4\n864.1\n \n693.0\n326.5\n \n67.2\n \n337.2\n \n0.0\n313.5\n-\n \n593.2\n \n212.7\n \n2,856.8\n \n420.1\n824.2\n \n8,074.0\n \n*May\n4.0\n \n639.2\n783.2\n \n772.6\n296.2\n \n109.6\n \n407.6\n \n0.0\n303.7\n-\n \n309.2\n \n19.8\n \n2,946.5\n \n712.1\n903.7\n \n8,207.5\n \n*Jun\n1.1\n \n520.3\n1,122.4\n \n718.7\n678.1\n \n110.9\n \n188.6\n \n0.0\n282.9\n-\n \n424.7\n \n20.4\n \n2,998.6\n \n858.8\n1,229.8\n \n9,155.3\n \n*Jul\n2.4\n \n681.0\n918.2\n \n640.3\n336.2\n \n99.8\n \n676.7\n \n0.0\n276.2\n5.0\n \n333.9\n \n20.5\n \n3,022.2\n \n1332.3\n1,250.3\n \n9,595.1\n \n*Aug\n1.1\n \n642.2\n853.3\n \n852.1\n428.1\n \n-\n \n764.6\n \n0.0\n246.2\n5.1\n \n373.1\n \n20.6\n \n3,042.5\n \n1811.8\n1,318.9\n \n10,359.6\n \n*Sep\n1.0\n \n1230.9\n1,985.1\n \n1121.2\n705.4\n \n-\n \n555.5\n \n0.0\n431.0\n34.5\n \n1,130.0\n \n37.0\n \n4,878.1\n \n2054.8\n2,298.6\n \n16,463.3\n \n*Oct\n13.1\n \n1166.2\n2,512.0\n \n1391.6\n769.7\n \n-\n \n745.1\n \n0.0\n502.2\n5.3\n \n1,380.9\n \n42.7\n \n5,751.9\n \n2214.8\n2,435.0\n \n18,930.4\n \n*Nov\n14.0\n \n918.9\n2,141.3\n \n1383.8\n649.7\n \n-\n \n602.6\n \n0.0\n367.6\n5.4\n \n1,293.8\n \n39.5\n \n4,997.5\n \n2566.9\n2,458.3\n \n17,439.1\n \n*Dec\n17.1\n \n1089.4\n2,633.9\n \n2306.6\n754.5\n \n-\n \n675.7\n \n0.0\n361.0\n-\n \n1,424.9\n \n35.4\n \n5,500.8\n \n2343.9\n2,593.3\n \n19,736.5\n \n2025\n*Jan\n16.4\n \n936.1\n2,314.6\n \n1595.3\n637.3\n \n-\n \n1,060.8\n \n0.0\n352.9\n-\n1,532.1\n \n35.6\n \n5,695.2\n \n3701.1\n2,505.2\n \n20,382.5\n \n*Feb\n17.2\n \n977.3\n2,481.1\n \n1537.6\n695.1\n \n-\n \n856.4\n \n0.0\n292.4\n-\n \n1,628.3\n \n35.8\n \n5,937.3\n \n2478.3\n2,513.8\n \n19,450.5\n \n*Mar\n17.4\n \n1018.9\n2,314.6\n \n1592.7\n529.8\n \n-\n \n1,073.9\n \n0.0\n284.5\n-\n \n2,195.8\n \n78.2\n \n5,596.1\n \n2357.9\n2,677.9\n \n19,737.7\n \nSource:Reserve Bank of Zimbabwe,2025\nNotes\n1.Government securities include treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\n3.Includes households and other financial corporations, \n* Statistics are denominated in ZiG\nTABLE 7.1: BUILDING SOCIETIES -ASSETS\nZWG millions\nDebt Securities\nLoans and Advances\n39 \n \n \nDebt Securities\nForeign Liabilities\nCapital\nOther\nTOTAL\nand\nLiablities\nEnd of\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ Other Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2021\nJan\n17,060.5\n985.1\n18,045.7\n150.0\n15.0\n18,210.7\n291.2\n3,018.1\n0.0\n81.3\n0.0\n6,054.0\n6,191.6\n33,846.9\nFeb\n18,610.7\n1,047.5\n19,658.2\n150.0\n15.0\n19,823.2\n318.2\n3,075.5\n0.0\n40.7\n0.0\n6,533.5\n5,874.0\n35,665.0\nMar\n18,562.7\n1,070.5\n19,633.2\n150.0\n15.0\n19,798.2\n320.8\n3,377.0\n0.0\n241.5\n0.0\n6,727.5\n5,661.8\n36,126.8\nApr\n19,021.2\n1,353.2\n20,374.5\n500.0\n15.0\n20,889.5\n325.0\n4,244.8\n0.0\n181.9\n0.0\n6,267.0\n6,418.0\n38,326.2\nMay\n22,332.1\n1,453.5\n23,785.6\n500.0\n15.0\n24,300.6\n350.2\n4,279.9\n0.0\n394.8\n0.0\n6,067.1\n7,391.6\n42,784.2\nJun\n22,784.4\n1,675.4\n24,459.8\n209.5\n70.5\n24,739.8\n359.1\n3,855.1\n0.0\n570.4\n0.0\n6,623.0\n6,713.2\n42,860.7\nJul\n25,425.9\n1,997.8\n27,423.7\n25.0\n15.0\n27,463.7\n365.2\n3,488.6\n0.0\n274.6\n0.0\n7,194.2\n7,130.1\n45,916.5\nAug\n27,475.7\n2,728.9\n30,204.6\n60.0\n15.0\n30,279.6\n668.2\n5,344.8\n0.0\n621.9\n0.0\n7,683.7\n6,854.8\n51,453.0\nSep\n29,023.8\n2,834.6\n31,858.5\n76.0\n15.2\n31,949.7\n1,062.2\n4,465.7\n0.0\n181.9\n0.0\n10,227.1\n7,061.5\n54,948.1\nOct\n30,925.8\n4,239.0\n35,164.7\n0.0\n30.0\n35,194.8\n1,329.1\n7,432.5\n0.0\n0.0\n0.0\n10,906.3\n8,007.4\n62,870.1\nNov\n34,486.8\n4,344.1\n38,830.8\n0.0\n15.0\n38,845.9\n1,149.7\n7,028.7\n0.0\n203.6\n0.0\n11,575.7\n8,126.5\n66,930.0\nDec\n33,974.4\n4,856.8\n38,831.3\n80.0\n15.0\n38,926.3\n1,750.9\n9,746.8\n0.0\n712.0\n0.0\n15,101.8\n8,520.4\n74,758.3\n2022\nJan\n31,695.1\n5,983.6\n37,678.7\n0.0\n15.0\n37,693.7\n1,771.4\n10,991.6\n0.0\n373.7\n0.0\n18,063.5\n10,937.0\n79,830.9\nFeb\n37,132.1\n7,089.1\n44,221.1\n0.0\n15.0\n44,236.1\n1,703.8\n14,215.9\n0.0\n431.6\n0.0\n18,241.5\n11,325.7\n90,154.6\nMar\n44,187.4\n6,190.7\n50,378.1\n0.0\n15.0\n50,393.1\n1,742.3\n15,620.9\n0.0\n501.9\n0.0\n20,548.8\n14,430.4\n103,237.4\nApr\n52,979.2\n6,553.0\n59,532.2\n0.0\n15.0\n59,547.2\n1,536.3\n17,027.1\n0.0\n704.1\n0.0\n23,099.0\n14,854.4\n116,768.1\nMay\n86,411.7\n6,683.0\n93,094.7\n0.0\n15.0\n93,109.8\n1,477.7\n34,306.7\n0.0\n1,033.4\n0.0\n22,645.2\n23,325.7\n175,898.5\nJun\n98,008.7\n8,427.1\n106,435.9\n1,030.1\n15.0\n107,481.1\n1,496.4\n40,346.3\n0.0\n1,200.6\n0.0\n42,213.2\n26,895.5\n219,633.0\nJul\n111,583.1\n9,489.2\n121,072.3\n1,072.6\n15.0\n122,159.9\n1,225.0\n46,145.1\n0.0\n2,071.5\n0.0\n55,131.6\n16,832.0\n243,565.1\nAug\n133,071.2\n11,398.3\n144,469.5\n1,625.2\n15.0\n146,109.7\n1,382.6\n55,691.4\n0.0\n2,979.3\n0.0\n60,157.4\n15,056.7\n281,377.1\nSep\n143,338.6\n28,284.7\n171,623.3\n0.0\n15.0\n171,638.3\n1,339.9\n62,659.9\n0.0\n3,613.8\n0.0\n79,343.1\n17,410.1\n336,005.2\nOct\n122,775.3\n20,897.6\n143,672.9\n1,214.2\n15.0\n144,902.1\n1,707.3\n69,651.9\n0.0\n4,327.9\n0.0\n86,799.2\n41,091.4\n348,479.7\nNov\n130,892.9\n23,401.5\n154,294.3\n1,256.4\n13.0\n155,563.7\n1,855.1\n72,052.0\n0.0\n5,140.0\n0.0\n89,895.0\n41,331.2\n365,836.9\nDec\n149,207.3\n30,517.1\n179,724.4\n1,239.7\n103.8\n181,068.0\n1,933.7\n71,142.6\n0.0\n5,623.9\n0.0\n118,486.1\n42,883.8\n421,138.1\n2023\nJan\n161,506.8\n31,099.4\n192,606.2\n1,462.2\n121.0\n194,189.4\n3,214.4\n72,524.5\n0.0\n6,622.6\n0.0\n144,335.3\n25,816.5\n446,702.8\nFeb\n210,739.4\n27,500.2\n238,239.5\n1,153.4\n15.0\n239,407.9\n2,349.9\n84,724.5\n0.0\n7,548.9\n0.0\n155,007.6\n39,582.0\n528,620.9\nMar\n234,480.2\n38,088.7\n272,568.9\n158.0\n14.4\n272,741.2\n1,982.4\n89,883.4\n0.0\n7,502.7\n0.0\n172,499.0\n33,358.6\n577,967.3\nApr\n272,738.9\n35,889.2\n308,628.0\n400.0\n15.0\n309,043.1\n1,809.5\n116,418.1\n0.0\n8,456.9\n0.0\n183,262.3\n47,334.0\n666,323.9\nMay\n502,897.5\n36,680.3\n539,577.9\n553.7\n15.0\n540,146.6\n4,453.5\n289,636.2\n0.0\n8,115.4\n0.0\n372,206.8\n100,789.6\n1,315,348.2\nJun\n927,980.2\n66,404.1\n994,384.3\n0.0\n15.0\n994,399.3\n4,147.7\n631,544.2\n0.0\n10,873.2\n0.0\n1,117,122.1\n243,513.7\n3,001,600.3\nJul\n804,547.2\n73,047.1\n877,594.3\n15,753.2\n15.0\n893,362.6\n2,706.7\n611,248.0\n0.0\n14,397.5\n0.0\n1,093,858.2\n197,126.1\n2,812,698.9\nAug\n920,687.4\n90,856.7\n1,011,544.1\n15,752.3\n15.0\n1,027,311.4\n3,400.5\n617,162.9\n0.0\n12,854.9\n0.0\n1,064,286.3\n203,953.2\n2,928,969.2\nSep\n1,062,730.1\n75,413.9\n1,138,143.9\n0.0\n15.1\n1,138,159.0\n3,262.9\n652,356.6\n0.0\n16,101.5\n0.0\n1,117,548.2\n309,212.1\n3,236,640.3\nOct\n1,261,965.8\n64,282.0\n1,326,247.8\n0.0\n15.1\n1,326,262.9\n4,056.0\n467,416.6\n0.0\n16,785.2\n0.0\n1,188,499.5\n370,563.3\n3,373,583.5\nNov\n1,301,463.8\n82,076.9\n1,383,540.7\n79,497.1\n15.1\n1,463,052.8\n4,822.5\n525,114.1\n0.0\n16,180.1\n0.0\n1,209,652.3\n395,932.7\n3,614,754.5\nDec\n1,541,238.9\n142,705.5\n1,683,944.4\n79,497.1\n15.8\n1,763,457.2\n7,085.0\n516,718.0\n0.0\n8,736.3\n0.0\n1,308,419.6\n510,096.7\n4,114,512.9\n2024\nJan\n2,094,039.4\n96,896.2\n2,190,935.6\n79,481.7\n15.1\n2,270,432.3\n8,231.4\n904,697.2\n0.0\n11,028.7\n0.0\n1,826,995.6\n648,721.6\n5,670,106.8\nFeb\n2,991,430.0\n192,203.3\n3,183,633.2\n162,422.1\n15.1\n3,346,070.4\n10,388.9\n1,314,901.6\n0.0\n5,723.7\n0.0\n2,630,626.9\n827,332.6\n8,135,044.1\nMar\n4,958,662.0\n186,068.5\n5,144,730.5\n162,239.8\n15.7\n5,306,986.0\n8,072.5\n1,880,803.3\n0.0\n6,134.8\n0.0\n4,286,906.8\n1,152,114.2\n12,641,017.5\n*Apr\n3,369.4\n36.3\n3,405.6\n65.0\n0.0\n3,470.7\n3.2\n1,258.6\n0.0\n0.0\n0.0\n1,955.9\n1,385.6\n8,074.0\n*May\n3,228.4\n75.2\n3,303.7\n0.0\n0.0\n3,303.7\n4.8\n1,366.6\n0.0\n0.0\n0.0\n2,496.7\n1,035.8\n8,207.5\n*Jun\n3,502.4\n97.1\n3,599.5\n0.0\n0.0\n3,599.5\n4.4\n1,414.8\n0.0\n8.0\n0.0\n2,990.2\n1,138.3\n9,155.3\n*Jul\n4,199.9\n128.4\n4,328.3\n0.0\n0.0\n4,328.3\n19.6\n919.3\n0.0\n13.2\n0.0\n3,111.6\n1,203.0\n9,595.1\n*Aug\n4,433.7\n172.4\n4,606.1\n0.0\n0.0\n4,606.1\n103.0\n850.7\n0.0\n16.1\n0.0\n3,370.3\n1,413.3\n10,359.6\n*Sep\n6,773.8\n475.3\n7,249.1\n22.6\n0.0\n7,271.7\n103.8\n1,559.3\n0.0\n16.3\n0.0\n5,486.0\n2,026.3\n16,463.3\n*Oct\n8,011.9\n795.7\n8,807.6\n86.9\n0.0\n8,894.5\n122.7\n1,462.9\n0.0\n61.4\n0.0\n6,003.1\n2,385.9\n18,930.4\n*Nov\n7,145.7\n872.8\n8,018.6\n45.8\n0.0\n8,064.4\n79.9\n1,227.6\n0.0\n10.0\n0.0\n6,043.8\n2,013.3\n17,439.1\n*Dec\n8,227.9\n1,293.1\n9,521.0\n71.2\n0.0\n9,592.2\n79.9\n1,306.5\n0.0\n267.8\n0.0\n5,923.9\n2,566.2\n19,736.5\n2025\n*Jan\n7,694.3\n1,357.3\n9,051.7\n99.0\n0.0\n9,150.7\n79.9\n1,645.4\n0.0\n265.4\n13.2\n6,057.2\n3,170.6\n20,382.5\n*Feb\n7,981.1\n1,558.4\n9,539.5\n115.2\n0.0\n9,654.7\n3.9\n1,657.2\n0.0\n91.4\n0.0\n6,289.8\n1,753.5\n19,450.5\n*Mar\n8,530.5\n1,423.2\n9,953.7\n27.3\n0.0\n9,981.0\n0.4\n1,464.7\n0.0\n83.0\n0.0\n6,363.7\n1,844.9\n19,737.7\n Source:Reserve Bank of Zimbabwe, 2025\n* Statistics are denominated in ZiG\nAmounts Owing to\nTABLE 7.2: BUILDING SOCIETIES -LIABILITIES\nZWG millions\n40 \n \n \n TABLE 8.1: SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES\nZWG ('000)\n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2021\nJan\n23,978,167.4\n610,696.1\n267,400.2\n9,997,383.0\n66,046.9\n9,811,097.6\n7,641,910.4\n7,176,323.0\n4,807,054.2\n1,685,871.1\n10,092,630.5\n47,525.6\n76,182,105.9\nFeb\n24,581,772.2\n653,205.5\n285,830.7\n10,330,772.0\n65,231.4\n10,024,935.1\n7,949,013.1\n6,754,180.2\n5,018,015.8\n1,766,077.9\n10,905,948.4\n47,678.1\n78,382,660.3\nMar\n28,741,816.7\n737,140.5\n320,102.5\n10,604,119.6\n76,828.9\n10,517,753.1\n9,428,559.8\n8,179,722.0\n5,701,289.5\n1,822,020.0\n12,528,176.5\n33,915.5\n88,691,444.6\nApr\n31,859,146.3\n675,080.9\n347,881.04\n12,101,683.3\n205,760.2\n12,046,268.5\n10,788,214.4\n8,802,924.2\n6,559,969.1\n1,831,534.4\n14,724,055.2\n36,984.3\n99,979,502.0\nMay\n34,645,328.6\n713,518.5\n292,339.8\n13,012,546.0\n70,347.7\n10,160,360.7\n11,287,317.4\n8,318,871.5\n7,438,997.6\n1,831,015.1\n17,169,532.7\n10,879.2\n104,951,054.8\nJune\n36,527,537.2\n993,308.6\n357,200.7\n14,622,859.3\n69,173.2\n12,832,747.3\n12,635,012.9\n7,938,660.3\n9,226,503.3\n1,903,845.8\n19,986,300.5\n40,765.7\n117,133,914.9\nJul\n39,160,305.6\n1,280,558.7\n411,253.9\n16,562,010.5\n62,624.8\n13,792,648.8\n12,583,048.9\n8,567,557.8\n10,717,151.0\n1,820,088.9\n22,581,130.3\n13,756.8\n127,552,136.1\nAug\n41,218,056.3\n1,372,177.0\n431,669.1\n15,667,033.1\n66,504.4\n14,701,546.3\n13,446,660.9\n8,828,791.2\n11,500,069.8\n1,942,139.4\n27,299,685.3\n15,470.3\n136,489,803.2\nSep\n41,133,553.7\n1,649,182.2\n433,781.1\n16,702,896.3\n321,991.2\n15,183,417.2\n15,271,161.9\n9,065,558.1\n11,973,442.3\n2,145,369.5\n30,851,901.8\n19,863.2\n144,752,118.4\nOct\n48,491,758.7\n1,644,045.1\n477,340.8\n20,072,721.7\n337,273.5\n16,644,705.0\n17,906,042.4\n10,150,149.7\n8,544,940.3\n2,418,354.8\n35,641,091.1\n17,894.6\n162,346,317.7\nNov\n48,945,526.6\n1,598,923.1\n394,575.8\n20,998,777.0\n434,931.6\n16,621,266.4\n19,372,274.1\n10,802,887.6\n8,904,904.9\n2,882,220.1\n40,009,482.2\n18,275.2\n170,984,044.5\nDec\n54,028,791.8\n1,778,880.5\n556,046.6\n24,450,917.2\n570,685.1\n10,955,470.2\n22,025,406.6\n10,538,491.2\n14,437,886.1\n2,996,425.0\n43,047,088.4\n29,601.2\n185,415,689.9\n2022\nJan\n58,163,723.8\n2,180,551.5\n576,438.1\n26,576,317.7\n366,231.4\n8,887,534.5\n23,074,734.8\n11,840,524.9\n15,743,736.5\n3,516,259.7\n47,325,078.3\n29,564.7\n198,280,695.9\nFeb\n59,500,669.7\n2,289,260.8\n618,640.1\n27,925,301.7\n641,435.0\n9,370,886.7\n27,976,121.6\n13,027,815.1\n20,505,827.5\n3,747,288.3\n51,007,737.3\n19,692.3\n216,630,676.1\nMar\n66,551,117.8\n2,538,377.1\n656,335.5\n29,688,979.7\n660,584.5\n10,903,917.1\n32,629,411.6\n15,688,496.1\n38,075,386.7\n4,471,441.5\n58,500,950.7\n802,168.3\n261,167,166.6\nApr\n74,441,781.1\n4,219,500.3\n1,441,218.1\n33,136,441.4\n673,885.9\n13,157,284.3\n34,426,878.3\n18,261,710.3\n39,043,359.8\n5,001,307.2\n63,176,517.9\n40,089.6\n287,019,974.2\nMay\n101,753,100.1\n5,120,524.8\n3,358,419.2\n50,514,059.3\n760,401.2\n12,433,390.5\n42,057,624.5\n28,724,818.4\n48,088,662.7\n6,286,840.2\n76,655,600.2\n34,456.8\n375,787,897.7\nJun\n118,753,589.0\n6,209,658.5\n2,293,665.5\n64,942,950.0\n869,273.2\n23,897,585.0\n58,442,367.2\n37,195,284.1\n62,467,707.8\n9,414,912.5\n96,536,183.0\n43,204.2\n481,066,380.0\nJul\n133,779,414.0\n7,610,614.1\n3,684,426.1\n77,836,080.2\n938,368.0\n30,537,998.0\n69,408,788.7\n46,181,587.4\n72,642,938.5\n10,449,582.5\n111,094,524.5\n46,145.7\n564,210,467.8\nAug\n165,210,571.4\n10,163,176.7\n2,624,492.88\n93,899,073.6\n1,266,729.8\n39,544,245.3\n87,691,102.8\n58,330,938.2\n97,552,420.8\n10,450,507.1\n131,625,765.3\n154,457.6\n698,513,481.5\nSep\n201,167,878.5\n11,330,918.8\n5,038,300.4\n110,956,484.0\n1,297,748.5\n44,492,682.7\n101,816,518.3\n92,708,096.4\n88,483,494.4\n11,685,667.9\n152,934,863.3\n276,752.3\n822,189,405.6\nOct\n223,506,677.7\n12,026,669.5\n4,229,873.3\n113,451,159.2\n1,302,041.3\n46,399,745.2\n110,333,025.8\n79,715,558.1\n89,501,330.5\n9,611,322.3\n175,816,703.6\n178,607.8\n866,072,714.2\nNov\n232,953,535.1\n16,431,625.9\n11,131,139.8\n118,284,970.8\n1,687,527.0\n42,192,397.3\n124,017,335.4\n75,874,234.7\n94,636,395.6\n12,440,947.3\n207,085,835.5\n197,473.3\n936,933,417.8\nDec\n253,185,165.2\n19,199,455.9\n10,466,455.0\n135,037,685.1\n1,551,994.2\n70,805,600.3\n136,576,579.6\n94,115,141.7\n123,404,532.1\n12,079,018.7\n235,371,108.1\n173,717.1\n1,091,966,452.8\n2023\nJan\n299,237,745.1\n22,096,826.9\n11,001,194.94\n154,399,125.0\n2,073,794.8\n72,677,263.1\n165,905,496.5\n124,259,994.3\n140,303,195.4\n16,560,714.3\n290,446,774.7\n286,968.1\n1,299,249,093.1\nFeb\n333,081,520.8\n26,349,752.5\n12,607,980.8\n168,969,321.4\n3,232,834.7\n79,874,665.8\n198,087,465.1\n146,996,948.4\n150,078,778.0\n18,960,512.9\n335,439,856.5\n415,659.5\n1,474,095,296.5\nMar\n411,138,419.1\n28,795,432.6\n14,081,946.7\n184,250,094.2\n3,256,927.2\n101,507,881.5\n232,125,042.8\n168,374,643.7\n159,301,093.2\n20,786,447.1\n364,183,808.4\n229,595.5\n1,688,031,331.8\nApr\n411,638,425.6\n28,865,765.5\n14,081,964.7\n184,833,219.7\n3,256,927.2\n101,507,881.5\n235,076,590.9\n168,374,757.6\n159,310,920.5\n20,785,827.2\n365,366,760.5\n229,595.5\n1,693,328,636.3\nMay\n726,348,772.4\n78,828,771.5\n44,800,380.0\n409,618,602.9\n6,584,930.1\n226,467,642.5\n583,387,051.3\n480,909,418.5\n381,628,891.5\n62,593,512.5\n757,858,742.6\n267,815.4\n3,759,294,531.0\nJun\n1,385,380,571.7\n173,918,051.5\n114,682,839.69\n1,119,448,698.2\n23,922,347.4\n571,712,604.7\n1,309,324,347.9\n1,111,326,640.1\n808,734,970.2\n129,722,475.7\n1,754,989,459.0\n444,788.0\n8,503,607,794.2\nJul\n1,088,372,491.6\n132,529,236.3\n101,023,084.2\n843,805,813.7\n21,291,030.4\n370,922,779.8\n1,037,949,287.4\n824,419,062.0\n646,244,001.7\n87,491,103.6\n1,451,125,105.6\n356,098.9\n6,605,529,095.1\nAug\n1,104,126,310.1\n133,512,317.7\n105,426,999.2\n683,402,044.9\n21,345,225.8\n393,145,008.1\n1,077,529,295.3\n824,970,068.6\n716,638,286.7\n85,309,683.4\n1,543,461,599.3\n382,505.3\n6,689,249,344.4\nSep\n1,336,413,273.4\n158,136,405.6\n121,080,865.9\n752,199,791.2\n28,592,532.7\n465,470,715.5\n1,334,020,478.9\n1,012,670,250.7\n799,826,458.0\n102,238,002.6\n1,857,297,850.0\n586,991.0\n7,968,533,615.5\nOct\n1,461,090,986.5\n163,948,853.9\n120,153,516.7\n935,064,277.1\n24,681,683.2\n520,361,009.0\n1,381,206,351.2\n1,092,469,043.7\n859,550,943.1\n118,799,556.9\n2,126,512,435.0\n627,911.8\n8,804,466,568.2\nNov\n1,397,804,072.5\n171,337,302.5\n117,526,650.42\n1,017,731,862.9\n26,161,720.1\n535,490,381.0\n1,401,587,612.9\n992,371,783.2\n885,248,702.8\n129,500,343.7\n2,255,158,373.7\n621,795.6\n8,930,540,600.9\nDec\n1,360,816,417.4\n179,675,138.5\n121,167,248.1\n1,077,783,652.1\n46,946,926.9\n551,786,675.3\n1,483,619,833.9\n1,207,471,368.5\n863,309,236.7\n136,388,007.8\n2,458,239,172.8\n644,093.7\n9,487,847,771.7\n2024\nJan\n2,212,746,050.3\n265,031,131.4\n214,923,355.9\n1,663,240,228.2\n110,086,710.6\n875,780,504.1\n2,505,473,968.4\n1,910,394,449.6\n1,256,413,922.9\n237,647,459.8\n3,945,256,597.2\n1,037,343.5\n15,198,031,722.0\nFeb\n3,435,102,730.5\n426,536,836.7\n249,129,096.2\n2,383,796,904.4\n171,219,221.6\n1,264,658,167.3\n3,631,856,467.6\n2,844,642,895.8\n2,043,483,472.0\n352,320,643.5\n5,491,307,643.3\n1,518,795.1\n22,295,572,874.1\nMar\n4,949,814,064.7\n642,860,845.9\n452,924,544.6\n3,642,287,181.9\n251,866,635.2\n1,943,457,910.8\n5,387,453,048.3\n3,991,233,867.5\n3,178,219,935.6\n543,942,248.6\n8,278,044,179.1\n2,267,159.0\n33,264,371,621.3\n*Apr\n2,882,347.0\n371,595.0\n188,567.1\n3,081,028.9\n188,277.0\n1,174,215.3\n3,077,908.8\n2,281,800.0\n1,782,566.6\n399,652.2\n4,922,516.8\n1,655.4\n20,352,130.1\n*May\n3,549,471.2\n448,072.0\n196,408.6\n3,013,508.3\n181,989.4\n1,239,894.9\n3,619,936.0\n2,302,326.8\n1,793,582.3\n494,669.1\n5,661,322.4\n5,002.2\n22,513,367.9\n*Jun\n3,286,172.5\n496,282.6\n213,057.3\n3,210,670.4\n230,521.5\n1,418,401.0\n3,457,122.9\n1,954,112.0\n1,946,800.0\n567,017.7\n6,019,427.0\n1,771.4\n22,801,356.4\n*Jul\n3,487,382.6\n511,490.7\n202,186.1\n3,350,580.0\n163,104.4\n1,304,409.1\n3,570,513.3\n2,117,767.2\n2,347,954.2\n568,049.1\n6,348,713.3\n2,029.5\n23,985,090.6\n*Aug\n3,858,128.5\n496,920.1\n197,595.1\n3,160,166.1\n163,179.6\n1,353,221.2\n3,891,826.5\n2,259,346.5\n2,064,398.1\n355,517.6\n7,019,997.3\n1,626.5\n24,821,923.1\n*Sep\n6,672,075.1\n1,240,260.2\n365,299.0\n5,024,077.0\n274,548.6\n2,326,667.5\n6,387,958.1\n4,331,429.1\n3,418,807.3\n640,082.1\n11,884,283.8\n2,603.2\n42,568,091.0\n*Oct\n7,858,559.5\n1,469,928.3\n481,828.8\n5,465,309.0\n320,115.1\n2,603,522.8\n7,340,600.9\n5,249,584.6\n3,667,687.2\n726,009.2\n13,568,052.5\n3,070.1\n48,754,267.9\n*Nov\n7,180,366.7\n1,328,085.6\n428,978.8\n5,025,733.7\n284,239.9\n2,457,448.5\n6,759,835.7\n4,209,879.6\n3,928,182.1\n680,905.2\n13,074,981.8\n2,309.4\n45,360,946.8\n*Dec\n7,297,552.8\n1,289,292.1\n385,875.0\n4,973,856.6\n262,219.7\n2,513,526.6\n6,746,914.0\n4,827,984.5\n3,694,327.9\n706,439.7\n13,280,443.5\n2,262.8\n45,980,695.3\n2025\n*Jan\n7,678,298.7\n1,196,038.2\n409,696.0\n5,047,238.2\n306,809.7\n2,664,917.4\n6,434,242.4\n4,757,437.7\n4,086,971.0\n769,886.0\n13,569,651.2\n1,922.0\n46,923,108.5\n*Feb\n8,299,274.7\n1,201,875.8\n399,492.6\n4,830,538.6\n300,587.1\n2,770,286.7\n6,503,215.4\n4,803,609.8\n4,292,425.8\n746,491.4\n13,140,132.5\n1,960.5\n47,289,890.9\n*Mar\n8,326,930.9\n1,244,718.8\n402,708.0\n5,041,144.6\n317,777.5\n2,491,912.4\n6,543,198.9\n4,375,136.1\n5,262,596.6\n744,228.0\n13,809,533.3\n1,950.1\n48,561,835.1\nSource:Reserve Bank of Zimbabwe,2025\n*Statistics are denominated in ZiG\n41 \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL&INV\nESTMENT\nFINANCIAL ORG\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\n2021\nMar\n12,086,596.9\n5,009,117.9\n15,457,881.6\n33,668,114.2\n7,879,623.6\n17,019,379.3\n29,927,193.1\n12,664,366.4\n68,761,992.2\n4,513,060.2\n25,352,486.1\n371,874.6\n232,711,686.2\nApr\n14,293,712.8\n6,264,137.3\n17,624,611.6\n35,860,252.5\n7,955,587.7\n18,411,151.8\n32,890,743.1\n11,445,151.9\n81,410,668.9\n4,248,558.7\n27,176,673.5\n411,001.0\n257,992,250.8\nMay\n14,731,869.5\n5,542,211.6\n19,231,383.7\n37,283,237.7\n7,903,622.6\n19,756,317.3\n33,027,214.9\n22,796,168.0\n84,596,653.5\n4,504,355.7\n28,445,264.8\n378,185.1\n278,196,484.5\nJun\n15,628,935.5\n6,154,316.5\n20,722,752.3\n39,604,431.5\n7,861,552.7\n21,455,061.8\n36,502,664.4\n23,449,074.9\n92,196,178.9\n4,756,434.9\n29,731,644.5\n415,508.6\n298,478,556.4\nJul\n14,899,561.1\n6,742,913.7\n25,082,739.8\n39,720,936.0\n9,580,503.8\n24,570,676.0\n38,875,306.1\n31,312,003.2\n94,151,108.5\n5,021,547.7\n32,324,374.5\n568,402.6\n322,850,073.2\nAug\n14,056,945.2\n6,611,127.0\n26,897,316.6\n39,624,666.3\n9,778,338.9\n27,046,621.0\n40,693,944.2\n26,504,554.0\n84,766,848.1\n4,915,399.2\n33,960,935.1\n645,902.4\n315,502,598.2\nSep\n14,777,285.5\n6,264,492.1\n27,413,062.1\n45,375,795.4\n10,337,697.2\n25,786,388.3\n43,113,093.0\n30,700,846.4\n95,985,614.8\n5,605,871.7\n37,606,703.5\n687,817.2\n343,654,667.4\nOct\n14,923,669.7\n8,437,829.5\n26,583,413.6\n47,841,912.8\n11,477,927.2\n29,796,762.9\n51,676,553.8\n49,115,499.0\n111,611,484.2\n5,940,819.2\n35,043,857.0\n618,831.0\n393,068,560.0\nNov\n14,147,912.2\n7,546,852.9\n27,174,334.3\n44,238,573.4\n11,949,923.7\n27,199,271.6\n52,401,389.3\n49,817,772.3\n115,576,831.0\n5,911,967.6\n37,770,843.3\n751,068.7\n394,486,740.3\nDec\n16,522,401.6\n9,204,283.5\n26,835,545.0\n47,381,404.7\n15,303,976.8\n43,092,763.3\n57,822,911.0\n61,555,101.2\n122,091,550.6\n6,093,367.4\n40,046,246.7\n1,319,573.7\n447,269,125.4\n2022\nJan\n17,399,268.4\n9,928,816.1\n28,146,847.2\n46,285,881.1\n15,060,177.5\n34,087,881.4\n60,888,346.7\n38,232,883.7\n135,579,116.5\n6,454,492.6\n32,504,960.5\n745,336.0\n425,314,007.6\nFeb\n20,260,983.5\n9,641,974.7\n32,159,803.2\n50,825,844.5\n15,235,028.5\n35,068,548.5\n49,157,612.2\n43,769,515.0\n146,423,512.2\n7,768,846.5\n36,257,364.0\n724,522.4\n447,293,555.2\nMar\n22,638,817.9\n11,683,937.4\n34,271,841.3\n61,002,811.6\n20,352,647.3\n34,501,628.6\n57,839,997.3\n60,678,395.3\n173,444,002.6\n9,467,563.9\n43,160,654.7\n970,393.8\n530,012,691.6\nApr\n26,926,844.7\n12,304,918.4\n34,924,202.5\n67,201,357.8\n21,444,798.1\n38,606,872.2\n61,303,321.1\n64,980,792.3\n216,612,532.7\n10,455,473.9\n45,951,692.0\n939,217.9\n601,652,023.6\nMay\n39,564,579.0\n21,954,770.2\n42,666,739.4\n108,620,498.7\n28,757,840.8\n54,108,110.4\n88,717,845.2\n107,568,244.7\n291,739,801.6\n14,310,137.6\n65,853,453.1\n1,190,747.9\n865,052,768.6\nJun\n45,956,287.6\n26,686,177.1\n47,155,850.8\n128,881,143.6\n23,783,755.2\n60,238,450.0\n105,247,922.5\n120,389,796.0\n326,034,986.6\n17,068,663.5\n108,828,797.1\n1,325,268.7\n1,011,597,098.7\nJul\n40,699,352.1\n28,329,526.0\n45,417,841.1\n128,847,329.1\n21,958,796.0\n62,326,844.4\n103,536,398.9\n112,642,685.5\n401,574,353.3\n17,902,000.2\n112,555,899.5\n1,117,408.2\n1,076,908,434.3\nAug\n68,438,409.6\n39,107,020.5\n53,616,955.7\n171,501,037.8\n25,370,674.6\n68,913,237.2\n162,326,617.3\n137,243,494.6\n538,409,018.4\n23,523,309.1\n146,121,882.2\n1,197,164.4\n1,435,768,821.4\nSep\n81,174,128.7\n51,501,554.8\n58,104,791.5\n204,056,688.7\n63,246,197.1\n174,562,749.5\n172,521,502.9\n138,936,277.9\n626,755,883.0\n25,607,188.8\n182,077,675.0\n11,177,650.8\n1,789,722,288.7\nOct\n83,201,043.6\n63,984,990.3\n67,031,137.9\n207,367,773.6\n40,617,325.3\n155,873,800.6\n179,051,392.6\n157,121,308.5\n575,293,016.5\n27,092,268.9\n201,852,712.9\n3,193,614.1\n1,761,680,384.8\nNov\n88,153,064.5\n61,978,896.6\n78,744,677.0\n236,152,455.1\n39,915,042.9\n100,872,718.3\n214,281,243.0\n200,240,592.5\n606,580,960.9\n32,903,876.7\n233,604,874.7\n119,223.2\n1,893,547,625.4\nDec\n106,799,918.4\n60,886,327.3\n73,518,960.3\n260,923,049.6\n48,959,835.1\n122,528,998.7\n242,741,914.1\n171,982,170.1\n747,151,447.2\n37,453,518.8\n270,164,633.8\n10,753,958.6\n2,153,864,731.9\n2023\nJan\n114,820,700.8\n79,460,381.9\n82,589,902.3\n305,204,829.9\n45,118,619.6\n135,072,311.1\n263,222,364.1\n223,632,204.7\n896,980,184.3\n37,534,722.0\n288,326,194.2\n7,916,696.9\n2,479,879,111.8\nFeb\n118,375,609.7\n85,995,682.6\n93,761,236.2\n312,626,341.5\n56,688,432.6\n147,245,179.4\n266,610,300.9\n273,709,371.2\n938,437,753.7\n39,909,193.6\n292,841,727.2\n6,842,518.8\n2,633,043,347.3\nMar\n119,963,933.2\n85,731,698.4\n100,697,025.6\n322,453,843.0\n45,619,349.1\n148,455,496.2\n286,712,763.6\n273,572,570.9\n1,064,798,433.6\n44,685,590.6\n330,031,150.7\n14,190,575.5\n2,836,912,430.3\nApr\n131,146,380.3\n89,322,733.6\n99,723,066.8\n324,249,300.1\n45,619,349.1\n149,245,957.9\n289,670,780.4\n273,578,020.7\n1,072,456,655.2\n44,926,335.6\n331,068,417.4\n14,190,575.5\n2,865,197,572.7\nMay\n269,460,363.1\n210,867,012.3\n216,906,304.0\n631,589,937.9\n113,357,505.7\n362,294,051.4\n581,761,350.4\n545,536,680.6\n2,504,454,969.8\n102,648,366.2\n702,960,786.4\n28,985,518.4\n6,270,822,846.4\nJun\n581,642,309.8\n428,772,683.4\n410,699,487.7\n1,366,510,052.6\n227,784,986.6\n700,617,673.8\n1,094,382,949.6\n1,185,026,806.7\n5,283,380,622.2\n199,474,750.2\n1,564,762,675.1\n40,673,167.4\n13,083,728,165.1\nJul\n535,377,934.4\n436,808,429.5\n413,150,824.0\n1,394,747,348.2\n206,866,966.8\n711,462,740.8\n1,157,802,106.8\n982,808,623.8\n4,533,520,705.6\n184,470,180.5\n1,464,856,207.2\n37,277,944.9\n12,059,150,012.5\nAug\n537,439,303.1\n422,479,784.1\n413,226,172.3\n1,343,458,227.8\n285,743,813.6\n662,607,567.9\n1,197,898,912.2\n1,004,826,660.3\n4,639,684,933.9\n209,521,849.6\n1,553,047,811.0\n38,718,344.9\n12,308,653,380.6\nSep\n632,283,427.7\n491,562,911.4\n426,060,663.5\n1,510,241,869.9\n296,604,785.0\n789,587,698.1\n1,300,914,518.5\n1,250,791,974.4\n5,214,851,978.1\n217,382,274.5\n1,781,106,637.9\n43,583,660.4\n13,954,972,399.2\nOct\n721,203,425.9\n541,011,315.6\n554,440,420.1\n1,657,817,920.3\n309,251,239.3\n841,367,968.7\n1,438,592,170.7\n1,187,082,973.9\n5,659,995,585.3\n260,248,908.5\n1,906,411,104.9\n49,647,602.0\n15,127,070,635.2\nNov\n703,080,882.8\n566,993,243.1\n532,803,998.3\n1,698,467,822.7\n346,291,934.3\n269,835,136.3\n1,554,832,195.3\n1,195,274,632.9\n6,063,945,343.0\n293,942,495.1\n2,031,657,547.5\n46,866,707.1\n15,885,967,935.9\nDec\n605,605,541.7\n423,493,370.4\n730,799,100.8\n1,549,938,533.1\n553,801,063.2\n767,650,016.2\n1,254,233,648.4\n1,348,969,145.1\n6,689,372,974.4\n247,647,472.3\n2,091,666,965.1\n53,713,528.9\n16,882,080,093.7\n2024\nJan\n833,932,128.8\n694,796,940.8\n1,029,474,123.2\n2,082,328,111.9\n884,819,488.9\n2,004,818,592.2\n1,699,026,894.5\n1,837,959,924.5\n12,124,252,579.3\n323,794,777.4\n3,044,604,553.8\n71,184,543.7\n26,630,992,659.0\nFeb\n1,156,065,718.2\n1,037,783,187.5\n1,369,731,749.1\n3,170,746,459.4\n114,038,016.4\n3,174,169,477.5\n2,227,190,946.8\n2,855,301,054.3\n15,834,462,125.0\n552,622,448.4\n4,294,792,965.3\n89,063,348.6\n36,904,967,496.7\nMar\n1,783,340,807.0\n1,442,504,457.6\n2,116,410,516.4\n4,588,105,383.9\n1,753,052,451.7\n4,712,657,212.6\n3,465,873,456.3\n3,573,833,122.5\n20,373,593,827.7\n1,006,777,059.1\n8,454,899,690.3\n100,278,506.8\n53,371,326,491.9\n*Apr\n1,476,289.1\n893,193.9\n1,388,298.4\n4,283,881.3\n1,092,218.9\n2,578,995.2\n2,513,192.9\n2,626,884.4\n11,782,151.6\n511,608.9\n5,775,025.0\n62,998.90\n34,984,738.5\n*May \n1,608,650.7\n1,037,123.0\n986,367.1\n3,197,388.6\n1,234,670.1\n3,669,306.6\n2,777,961.0\n2,424,631.2\n13,413,072.9\n726,100.9\n5,909,740.4\n55,506.53\n37,040,519.1\n*Jun\n1,578,119.3\n1,011,831.1\n1,759,648.1\n3,190,728.1\n1,134,620.4\n3,473,307.1\n2,999,644.4\n3,196,350.7\n15,181,074.6\n630,237.4\n5,302,910.1\n65,954.20\n39,524,425.4\n*Jul\n1,709,191.7\n1,060,814.6\n1,786,754.8\n4,244,435.1\n1,695,144.9\n3,842,095.5\n2,685,658.4\n3,860,698.0\n15,154,833.8\n494,408.1\n5,163,064.3\n152,575.18\n41,849,674.3\n*Aug\n1,881,831.5\n1,096,949.9\n1,756,800.1\n4,115,344.7\n1,560,883.8\n5,160,947.6\n3,104,912.0\n2,628,465.5\n14,680,525.5\n510,741.8\n4,692,301.9\n147,285.45\n41,336,989.7\n*Sept\n2,676,045.3\n2,231,428.0\n3,076,033.4\n6,657,466.1\n2,618,571.1\n6,677,406.6\n4,328,506.2\n3,749,838.4\n26,389,976.5\n867,911.2\n8,373,719.2\n219,988.31\n67,866,890.4\n*Oct\n3,485,504.6\n2,567,255.6\n3,535,607.0\n7,474,589.9\n3,299,698.5\n7,968,221.0\n5,044,419.4\n5,097,867.0\n29,458,757.4\n1,018,065.8\n9,462,752.7\n220,427.14\n78,633,166.0\n*Nov\n3,092,857.2\n2,583,575.6\n3,658,337.2\n6,311,484.9\n3,319,494.6\n7,425,250.6\n6,381,558.4\n4,761,639.8\n27,173,979.3\n1,133,673.7\n8,782,149.6\n200,228.74\n74,824,229.7\n*Dec\n3,246,075.7\n3,000,089.4\n3,491,754.7\n6,900,913.5\n3,547,897.3\n7,345,227.1\n6,716,997.9\n4,549,008.0\n27,260,521.5\n1,099,879.7\n10,022,447.2\n355,894.47\n77,536,706.5\n2025\n*Jan\n2,906,778.3\n3,263,210.2\n3,335,010.3\n6,226,024.9\n3,652,381.3\n8,401,231.9\n6,022,841.9\n4,820,773.5\n27,794,296.0\n1,020,418.1\n9,522,378.0\n214,322.39\n77,179,666.7\n*Feb\n3,148,260.0\n2,765,476.2\n2,386,768.4\n6,142,552.8\n3,733,009.0\n8,301,324.6\n5,391,986.9\n4,799,925.6\n27,396,588.3\n1,120,196.8\n10,349,018.6\n257,727.50\n75,792,834.8\n*Mar\n2,931,379.2\n2,536,384.4\n2,998,500.2\n7,205,270.8\n4,098,816.7\n9,412,388.2\n5,090,011.1\n5,298,903.8\n30,409,375.8\n1,367,930.9\n10,495,733.3\n291,454.26\n82,136,148.6\nSource:Reserve Bank of Zimbabwe, 2025\n*Statistics are denominated in ZiG\n TABLE 8.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nZWG('000)\n42 \n \n \n End of \n ZETSS \n POS \n ATM \n MOBILE \n INTERNET \n End of \n ZETSS \n POS \n ATM \n MOBILE \n INTERNET \n2021\n2021\n Jan \n 255,551.32 21,042.23 2,300.31 35,349.13 66,624.38 \n Jan \n 720.03 9,849.33 228.95 94,691.39 872.24 \n Feb \n 226,335.83 22,882.64 2,288.90 36,434.44 63,598.24 \n Feb \n 805.99 12,309.28 527.83 90,078.04 754.86 \n Mar \n 320,422.14 28,569.92 3,316.59 44,523.99 86,463.87 \n Mar \n 1,112.80 15,178.81 751.04 105,271.97 1,003.73 \n Apr \n 288,958.76 30,071.50 2,807.02 44,131.56 90,580.45 \n Apr \n 951.67 15,184.98 605.53 97,253.26 1,040.08 \n May \n 361,427.10 36,765.06 3,193.67 49,745.80 89,471.34 \n May \n 1,029.79 16,511.28 664.43 103,708.73 994.81 \n Jun \n 388,757.52 38,540.10 3,200.04 51,437.41 115,145.66 \n Jun \n 1,076.92 14,797.88 581.86 99,349.63 982.07 \n Jul \n 379,659.93 45,808.07 2,489.07 57,565.84 145,026.95 \n Jul \n 1,028.17 15,217.56 550.97 102,587.60 980.77 \n Aug \n 397,539.02 52,853.87 4,086.04 60,908.40 159,206.60 \n Aug \n 1,045.02 14,624.45 475.41 105,269.73 955.77 \n Sep \n 477,933.57 52,262.68 4,179.52 64,139.24 181,194.82 \n Sep \n 1,193.13 15,397.64 492.21 104,141.94 2,092.60 \n Oct \n 481,180.88 53,165.93 3,839.95 65,329.02 197,972.49 \n Oct \n 1,114.18 18,207.42 434.49 107,294.58 2,342.61 \n Nov \n 621,896.69 56,025.31 4,877.03 63,017.52 252,407.92 \n Nov \n 1,144.91 17,435.88 477.03 98,386.51 2,322.92 \n Dec \n 747,035.61 67,903.92 4,705.45 76,511.57 264,749.24 \n Dec \n 1,220.28 20,029.57 519.50 106,428.62 2,580.64 \n2022\n2022\n Jan \n 802,677.72 55,961.62 5,074.74 53,456.29 218,545.32 \n Jan \n 957.90 15,480.23 439.87 83,661.76 1,902.89 \n Feb \n 672,722.97 59,581.58 5,607.02 66,811.97 238,910.83 \n Feb \n 981.01 15,190.39 433.68 78,916.08 1,895.33 \n Mar \n 961,452.00 75,050.75 7,882.23 82,886.94 342,168.72 \n Mar \n 1,242.33 16,967.63 519.12 87,501.09 2,128.58 \n Apr \n 976,617.19 89,192.57 8,391.54 89,671.98 293,204.61 \n Apr \n 1,073.00 15,906.24 457.99 82,673.39 1,937.64 \n May \n 1,205,990.00 110,807.30 13,712.78 106,881.76 469,185.15 \n May \n 1,213.50 16,069.94 477.80 78,385.20 2,001.20 \n Jun \n 1,601,225.31 134,550.97 18,810.59 123,721.28 618,347.53 \n Jun \n 1,190.30 15,304.67 474.16 75,631.66 1,705.09 \n Jul \n 1,754,111.97 170,480.64 20,413.15 172,562.48 713,401.10 \n Jul \n 1,115.80 16,063.84 517.03 88,030.56 1,866.70 \n Aug \n 2,334,295.00 152,343.37 31,418.59 178,188.87 826,377.12 \n Aug \n 1,028.04 13,686.77 489.08 76,957.81 1,623.75 \n Sep \n 2,793,056.56 177,701.71 35,144.35 202,368.06 872,807.43 \n Sep \n 1,084.61 13,818.44 455.52 71,362.13 2,225.19 \n Oct \n 2,728,731.30 186,478.90 50,202.30 209,758.00 622,412.80 \n Oct \n 969.30 12,986.80 510.90 67,641.70 1,825.40 \n Nov \n 3,370,779.90 202,876.20 61,086.70 213,295.30 734,610.60 \n Nov \n 1,001.40 12,324.10 499.90 59,151.50 2,430.20 \n Dec \n 3,310,814.90 246,783.60 76,872.00 249,516.40 1,106,346.50 \n Dec \n 1,013.60 14,316.90 616.70 60,584.50 2,469.80 \n2023\n2023\n Jan \n 3,289,379.32 240,010.34 68,386.68 238,455.31 1,107,756.41 \n Jan \n 918.88 11,733.99 444.00 48,617.07 1,692.96 \n Feb \n 3,050,933.28 219,437.84 73,672.28 245,282.55 1,202,998.52 \n Feb \n 886.75 10,301.47 479.91 43,326.51 1,895.81 \n Mar \n 5,068,223.68 308,609.08 85,343.38 328,822.35 1,517,972.57 \n Mar \n 1,092.60 13,216.99 593.97 50,037.43 1,927.14 \n Apr \n 5,294,044.55 341,571.29 79,754.60 355,007.31 1,517,972.57 \n Apr \n 907.55 14,375.14 526.73 47,171.67 1,982.93 \n May \n 6,275,310.72 518,333.86 173,170.74 532,078.61 3,274,968.53 \n May \n 1,119.24 12,808.69 576.68 49,143.18 2,233.62 \n Jun \n 17,059,664.04 882,362.57 615,190.92 1,210,486.16 6,640,627.10 \n Jun \n 1,050.21 10,190.63 606.04 45,488.80 1,212.97 \n Jul \n 17,859,586.39 1,033,836.89 541,445.55 1,620,242.78 6,077,538.29 \n Jul \n 942.67 8,226.82 1,777.10 42,648.82 993.68 \n Aug \n 17,955,865.49 1,017,990.47 649,827.89 1,440,537.41 6,244,772.44 \n Aug \n 888.00 8,434.65 653.58 42,648.82 977.54 \n Sep \n 18,690,087.00 1,221,725.29 773,363.92 1,672,654.21 7,746,084.35 \n Sep \n 964.06 9,658.95 703.55 45,148.73 1,061.36 \n Oct \n 19,808,639.10 1,264,577.16 826,681.17 5,116,902.86 8,661,662.90 \n Oct \n 949.14 9,449.30 618.97 50,640.61 904.41 \n Nov \n 23,685,304.81 1,429,269.50 901,515.57 1,999,069.40 9,557,300.70 \n Nov \n 924.50 9,525.69 623.29 52,332.44 1,048.50 \n Dec \n 26,396,219.43 1,805,050.47 1,092,682.60 2,604,059.19 10,150,615.33 \n Dec \n 924.47 11,845.97 776.49 56,450.97 1,026.21 \n2024\n2024\n Jan \n 28,285,124.94 1,907,120.03 1,843,871.04 4,295,911.58 22,017,137.88 \n Jan \n 914.90 10,017.90 708.10 52,445.00 882.80 \n Feb \n 38,298,901.05 2,856,866.96 2,676,718.17 5,734,025.51 29,563,851.53 \n Feb \n 889.70 7,868.70 737.50 51,545.90 904.20 \n Mar \n 60,432,584.71 3,937,099.72 4,464,712.77 8,691,084.21 37,343,406.06 \n Mar \n 941.14 7,569.28 728.43 58,151.43 921.38 \n *Apr \n 41,317.54 2,063.05 2,797.06 4,754.91 15,996.48 \n *Apr \n 791.83 5,729.47 744.79 30,450.44 938.01 \n *May \n 53,741.28 3,335.65 3,355.39 7,058.05 22,545.40 \n *May \n 1,046.65 7,950.08 899.38 42,290.80 1,690.28 \n *Jun \n 51,046.38 3,281.73 3,230.95 6,470.44 22,040.12 \n *Jun \n 927.30 7,224.24 849.61 41,224.15 1,155.79 \n *Jul \n 63,526.12 3,956.03 3,646.28 7,361.68 27,328.40 \n *Jul \n 1,059.13 8,228.22 920.88 44,159.41 1,318.93 \n *Aug \n 54,975.89 3,973.70 3,937.26 7,555.92 25,760.62 \n *Aug \n 974.38 8,669.34 965.97 47,536.92 1,233.10 \n *Sep \n 6,504.55 4,685.21 5,331.36 1,194.06 38,798.22 \n *Sep \n 1,009.71 8,369.30 860.54 49,927.24 1,408.88 \n *Oct \n 109,554.74 6,900.07 6,836.32 16,082.35 50,983.09 \n *Oct \n 1,015.68 8,101.53 866.85 52,795.20 1,447.54 \n *Nov \n 107,345.13 7,074.56 6,940.40 15,645.29 47,876.36 \n *Nov \n 868.41 7,253.15 864.37 50,820.53 1,359.22 \n *Dec \n 123,594.82 7,954.46 8,665.18 17,068.54 50,613.24 \n *Dec \n 931.58 8,017.72 1,071.61 50,767.85 1,541.29 \n2025\n2025\n *Jan \n 105,337.90 7,252.43 6,858.89 14,579.45 44,760.80 \n *Jan \n 839.48 7,381.34 911.06 46,337.89 1,363.63 \n *Feb \n 92,208.69 5,961.25 6,364.85 14,208.89 43,833.14 \n *Feb \n 815.47 6,229.85 838.08 44,460.79 1,346.33 \n *Mar \n 112,646.31 6,785.32 7,339.83 17,156.03 47,320.62 \n *Mar \n 917.44 6,777.01 953.30 53,987.01 1,250.12 \nSource:Reserve Bank of Zimbabwe, 2025\n*Statistics are denominated in ZiG\nTABLE 9.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (ZWG in millions)\nBLE 9.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIV\nVolumes of Transactions (in thousands)\n43 \n \n \n \nEnd of\nNominal Lending \nRates2\nIndividuals \nCorporate\nSavings\n3 Months2\n2021\n2021\nJan\n6.00-65.00\n32.65\n24.77\nJan\n0.22-12.00\n2.00-21.50\nFeb\n6.00-85.00\n36.67\n21.36\nFeb\n0.22-12.00\n2.00-21.50\nMar\n6.00-85.00\n35.83\n22.61\nMar\n0.22-12.00\n2.00-21.50\nApr\n6.00-85.00\n35.22\n22.59\nApr\n0.22-12.00\n2.00-21.50\nMay\n6.00-85.00\n34.84\n21.76\nMay\n0.22-12.00\n2.00-21.50\nJun\n6.00-85.00\n36.25\n22.46\nJun\n0.25-12.00\n2.00-26.00\nJul\n6.00-85.00\n36.56\n21.66\nJul\n0.50-12.00\n2.00-26.00\nAug\n6.00-85.00\n41.06\n39.65\nAug\n0.50-12.00\n2.00-26.00\nSep\n6.00-85.00\n40.61\n39.50\nSep\n0.50-12.00\n2.00-26.00\nOct\n6.00-85.00\n41.86\n45.81\nOct\n0.50-12.00\n2.00-26.00\nNov\n6.00-8500\n39.13\n38.10\nNov\n0.50-12.00\n2.00-26.00\nDec\n6.00-8500\n39.34\n37.94\nDec\n0.50-12.00\n2.00-26.00\n2022\n2022\nJan\n15.00-8500\n39.32\n39.62\nJan\n0.50-12.00\n2.00-26.00\nFeb\n15.00-8500\n40.55\n64.02\nFeb\n0.50-12.00\n2.00-26.00\nMar\n15.00-8500\n40.74\n43.88\nMar\n0.50-12.00\n2.00-26.00\nApr\n15.00-8500\n38.15\n45.56\nApr\n0.50-12.50\n2.00-30.00\nMay\n15.00-8500\n38.01\n47.25\nMay\n0.50-12.50\n2.00-32.00\nJun\n15.00-8500\n38.45\n48.25\nJun\n0.50-12.50\n2.00-32.00\nJul\n80.00-240.00\n82.75\n165.45\nJul\n40.00\n80.00-92.00\nAug\n80.00-230.00\n88.46\n155.96\nAug\n40.00\n80.00-92.00\nSep\n100.00-230.00\n98.07\n158.46\nSep\n40.00\n80.00-92.00\nOct\n100.00-290.00\n99.37\n115.26\nOct\n40.00\n80.00-92.00\nNov\n100.00-290.00\n99.03\n110.97\nNov\n40.00\n80.00-92.00\nDec\n100.00-290.00\n99.02\n110.83\nDec\n40.00\n80.00-95.00\n2023\n2023\nJan\n100.00-240.00\n90.05\n116.03\nJan\n40.00\n80.00-110.00\nFeb\n65.00-230.00\n60.12\n80.88\nFeb\n30.00\n50.00-110.00\nMar\n65.00-230.00\n74.35\n81.46\nMar\n30.00\n50.00-110.00\nApr\n70.00-230.00\n74.48\n86.96\nApr\n30.00\n50.00-110.00\nMay\n70.00-230.00\n77.86\n83.61\nMay\n30.00\n50.00-110.00\nJun\n70.00-155.00\n76.33\n92.64\nJun\n30.00\n50.00-110.00\nJul\n64.00-155.00\n77.82\n94.80\nJul\n30.00\n50.00-110.00\nAug\n64.00-155.00\n77.63\n93.18\nAug\n30.00\n50.00-110.00\nSep\n64.00-160.00\n76.49\n92.69\nSep\n30.00\n50.00-110.00\nOct\n64.00-160.00\n71.72\n92.43\nOct\n30.00\n50.00-110.00\nNov\n64.00-160.00\n70.15\n93.15\nNov\n30.00\n50.00-110.00\nDec\n64.00-155.00\n69.02\n93.77\nDec\n30.00\n50.00-110.00\n2024\n2024\nJan\n70.00-230.00\n70.18\n95.24\nJan\n33.75\n50.00-110.00\nFeb\n70.00-230.00\n76.05\n93.76\nFeb\n33.75\n50.00-110.00\nMar\n70.00-230.00\n73.43\n91.40\nMar\n33.75\n50.00-110.00\n*Apr\n20.00-60.00\n25.91\n24.29\n*Apr\n5.22\n5.00-10.00\n*May\n10.00-60.00\n25.17\n24.52\n*May\n3.75\n5.00-10.00\n*Jun\n10.00-40.00\n24.89\n24.46\n*Jun\n3.75\n5.00-10.00\n*Jul\n20.00-40.00\n24.69\n24.44\n*Jul\n3.75\n5.00-10.00\n*Aug\n20.00-40.00\n24.42\n24.15\n*Aug\n3.75\n5.00-10.00\n*Sep\n20.00-40.00\n24.27\n23.92\n*Sep\n3.75\n5.00-10.00\n*Oct\n25.00-58.00\n38.49\n36.80\n*Oct\n3.75\n5.00-10.00\n*Nov\n25.00-58.00\n39.25\n34.29\n*Nov\n3.75\n5.00-10.00\n*Dec\n25.00-58.00\n41.03\n39.91\n*Dec\n3.54\n5.00-10.00\n2025\n2025\n*Jan\n25.00-58.00\n41.82\n40.13\n*Jan\n3.54\n5.00-25.00\n*Feb\n25.00-58.00\n43.00\n40.45\n*Feb\n3.81\n5.00-25.00\n*Mar\n20.00-58.00\n42.33\n40.42\n*Mar\n3.81\n5.00-25.00\n Source:Reserve Bank of Zimbabwe, 2025\nNotes\n*Statistics are denominated in ZiG\n3. Lending rates exclude rates on staff loans. \n TABLE 10.2 : BANKS DEPOSIT RATES (percent per annum)1\n1. The range of rates qouted by banks during the period.\n2. Three (3) months deposit rates revised to exclude rates on \ninactive or dormant accounts.\nTABLE 10.1: LENDING RATES (percent per annum)1\n1. Table revised, to separate weighted lending rates for individuals and \ncorporate bodies. \n2. Nominal Lending Rates depict the range of rates quoted by banks.\nWeighted Average Lending Rates3 \nCommercial Banks\nCommercial Banks\nEnd of \n44 \n \n \nEnd of\nAll Share\nMining\n Market Turnover ZWG \nmillion \nVolume of Shares\nMarket Capitalisation\n2021\nJan\n3,600.82\n4,356.74\n3,513.59\n2,477,166,688.00\n434,856.23\nFeb\n4,154.37\n6,683.44\n1,529.25\n149,031,800.00\n501,184.95\nMar\n4,489.47\n5,315.39\n4,517.14\n203,633,747.00\n531,742.64\nApr\n4,641.11\n5,061.28\n3,075.98\n223,494,202.00\n540,745.24\nMay\n5,428.28\n6,820.54\n3,917.41\n188,748,200.00\n634,011.15\nJun\n6,194.88\n6,211.49\n4,458.87\n248,500,624.00\n745,175.95\nJul\n6,818.29\n6,621.17\n2,921.32\n181,010,800.00\n803,900.15\nAug\n6,652.31\n6,115.85\n3,456.94\n147,232,800.00\n792,291.48\nSep\n8,580.16\n6,014.53\n4,730.25\n2,909,442,557.00\n1,032,472.92\nOct\n11,329.48\n6,652.04\n5,661.76\n108,843,000.00\n1,378,227.92\nNov\n 10,695.57\n7,193.11\n9,883.24\n791,653,520.00\n1,290,069.75\nDec\n12,079.74\n7,815.37\n17,577.25\n228,225,060.00\n1,317,205.11\n2022\nJan\n12,079.74\n8,196.79\n3,704.23\n82,402,101.00\n1,475,217.45\nFeb\n14,990.42\n9,300.03\n7,979.35\n156,327,700.00\n1,863,028.60\nMar\n15,858.92\n11,289.34\n8,186.00\n117,815,800.00\n1,964,738.42\nApr\n28,391.75\n30,527.28\n11,366.89\n193,411,483.00\n3,547,347.52\nMay\n23,072.46\n20,021.24\n8,211.45\n195,475,400.00\n2,893,011.70\nJun\n19,791.94\n20,021.24\n14,570.16\n271,227,100.00\n2,439,165.45\nJul\n16,594.91\n20,021.24\n23,673.34\n239,937,180.00\n2,068,222.01\nAug\n13,705.12\n15,473.37\n8,674.85\n139,225,500.00\n1,685,592.28\nSep\n14,771.65\n18,929.75\n5,128.54\n137,092,750.00\n1,819,157.07\nOct\n15,072.14\n23,659.53\n8,657.90\n201,566,548.00\n1,826,101.68\nNov\n14,577.46\n25,478.67\n7,680.78\n90,311,600.00\n1,610,203.36\nDec\n19,493.85\n25,487.77\n27,753.79\n472,922,400.00\n2,044,869.14\n2023\nJan\n22,813.24\n25,496.86\n11,638.16\n102,792,200.00\n2,460,037.66\nFeb\n28,548.02\n29,207.92\n24,410.54\n164,006,458.00\n2,576,324.76\nMar\n38,568.48\n37,359.78\n14,262.67\n97,920,600.00\n3,381,456.06\nApr\n41,391.62\n36,393.55\n16,756.85\n74,505,000.00\n3,482,408.54\nMay\n108,195.29\n52,765.85\n34,867.41\n206,593,600.00\n8,939,058.47\nJun\n171,408.90\n76,960.49\n85,279.40\n192,473,571.00\n13,987,476.83\nJul\n114,746.13\n89,512.59\n40,846.72\n176,547,600.00\n9,171,346.28\nAug\n125,134.79\n109,159.36\n39,214.53\n103,854,600.00\n9,723,577.74\nSep\n126,642.42\n125,531.67\n91,310.72\n343,359,119.00\n9,873,493.87\nOct\n157,083.06\n125,531.67\n31,773.08\n64,000,500.00\n12,576,665.45\nNov\n191,271.68\n148,883.44\n54,864.31\n162,675,500.00\n15,311,628.01\nDec\n210,833.92\n145,542.27\n109,727.94\n254,991,213.00\n16,812,914.36\n2024\nJan\n542,743.66\n163,733.73\n112,532.73\n79,766,490.00\n43,459,150.79\nFeb\n525,570.76\n216,534.42\n103,474.44\n73,940,200.00\n41,499,016.93\nMar\n873,263.38\n218,308.09\n123,025.50\n54,297,600.00\n49,235,325.40\n2024\n*Apr\n98.82\n114.07\n22,304,968.92\n21,943,400.00\n28,571.12\n*May\n101.07\n114.07\n75,913,056.04\n58,831,200.00\n29,394.99\n*Jun\n128.64\n114.16\n99,811,029.44\n182,514,300.00\n38,710.43\n*Jul\n198.14\n253.49\n260,505,803.21\n93,603,100.00\n60,570.91\n*Aug\n200.49\n253.42\n164,625,190.80\n118,159,000.00\n61,448.73\n*Sep \n243.41\n251.68\n273,853,848.36\n257,091,400.00\n74,489.51\n*Oct\n289.12\n251.68\n502,844,477.92\n107,115,500.00\n89,605.28\n*Nov\n265.10\n235.38\n285,159,921.69\n72,864,500.00\n82,184.61\n*Dec\n217.58\n235.38\n225,234,021.52\n152,111,200.00\n66,241.20\n2025\n*Jan\n195.57\n229.61\n196,982,719.03\n187,781,200.00\n58,794.86\n*Feb\n204.06\n193.56\n506,135,991.02\n197,200,800.00\n62,060.95\n*Mar\n205.25\n143.95\n229,916,316.75\n92,886,500.00\n62,916.75\nSource:Zimbabwe Stock Exchange, 2025\n*Statistics are denominated in ZiG\n**As at 30 September 2020\nZWG\nTABLE 11: ZIMBABWE STOCK MARKET STATISTICS\nIndices\n*All Share index was \n45 \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION &\nEDUCATION\nRESTAURANTS \n&\nMISC.\nTOTAL \nNON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.9\n4.3\n27.6\n5.3\n1.4\n8.4\n2.7\n2.3\n4.3\n1.1\n6.5\n68.7\n31.3\n100\n2021\nJan\n2.84\n1.59\n1.52\n4.26\n2.44\n2.57\n1.33\n-0.72\n1.69\n-0.48\n3.81\n2.14\n2.87\n2.33\nFeb\n1.27\n-0.30\n-1.71\n-0.49\n1.59\n1.07\n-1.60\n10.67\n-2.10\n-0.94\n0.55\n-0.16\n2.03\n0.41\nMar\n0.15\n-0.08\n1.24\n4.37\n-2.37\n0.65\n4.58\n-0.29\n0.02\n0.74\n-0.18\n0.99\n0.52\n0.87\nApr\n0.12\n-0.57\n0.45\n-0.05\n0.24\n0.70\n0.58\n-0.99\n17.14\n1.41\n-3.37\n0.87\n0.25\n0.71\nMay\n0.62\n2.41\n1.41\n0.84\n-0.02\n0.80\n0.07\n42.32\n1.32\n2.36\n0.65\n2.15\n0.28\n1.66\nJun\n1.64\n3.87\n9.35\n6.99\n1.48\n0.57\n0.97\n1.28\n4.88\n2.93\n1.92\n5.07\n2.37\n4.38\nJul\n1.29\n1.73\n0.51\n-0.08\n-0.69\n0.33\n0.10\n0.58\n-0.05\n-0.01\n1.15\n0.51\n0.06\n0.40\nAug\n1.73\n0.72\n1.03\n0.99\n1.14\n1.06\n3.56\n0.29\n-0.05\n2.11\n1.60\n1.10\n0.74\n1.01\nSep\n1.76\n0.08\n1.58\n1.43\n0.64\n0.01\n3.95\n0.87\n-0.78\n1.33\n1.53\n1.27\n2.30\n1.53\nOct\n1.51\n0.77\n0.84\n1.78\n0.72\n1.47\n7.45\n0.36\n2.11\n1.62\n0.91\n1.53\n3.51\n2.03\nNov\n0.85\n0.34\n1.47\n1.12\n0.68\n1.22\n4.43\n0.37\n-6.92\n1.67\n1.11\n0.96\n3.19\n1.53\nDec\n2.41\n0.98\n1.50\n1.30\n0.64\n-0.77\n0.26\n1.01\n0.03\n1.14\n2.05\n1.17\n1.99\n1.38\n2022\nJan\n1.08\n0.64\n2.14\n0.42\n0.71\n0.43\n1.51\n12.08\n0.94\n1.90\n0.11\n1.68\n2.53\n1.90\nFeb\n1.82\n3.39\n1.89\n1.79\n0.68\n1.08\n0.60\n0.92\n0.35\n1.39\n1.69\n1.76\n3.43\n2.20\nMar\n2.59\n2.24\n0.77\n1.22\n0.96\n5.86\n2.27\n0.82\n0.15\n1.02\n-0.06\n1.67\n3.05\n2.04\nApr\n3.38\n1.68\n14.21\n5.59\n1.77\n1.93\n1.73\n1.76\n2.91\n6.05\n1.87\n7.17\n6.94\n7.11\nMay\n3.70\n8.73\n2.02\n1.21\n2.46\n3.36\n2.47\n2.06\n0.48\n3.33\n3.78\n3.12\n9.56\n4.85\nJun\n8.20\n7.94\n12.49\n10.84\n13.72\n5.65\n4.95\n6.63\n4.63\n5.35\n9.86\n9.85\n17.32\n11.95\nJul\n4.57\n1.91\n8.66\n5.87\n3.74\n2.16\n1.21\n2.64\n11.86\n2.00\n2.15\n5.88\n12.09\n7.71\nAug\n3.71\n2.47\n2.01\n1.44\n1.98\n1.59\n1.91\n1.12\n0.41\n1.21\n2.93\n2.02\n4.94\n2.91\nSep\n-2.39\n-1.80\n5.21\n-3.33\n-0.66\n-1.20\n10.12\n0.36\n8.21\n-1.80\n-1.68\n1.99\n-3.23\n0.36\nOct\n0.81\n1.31\n6.74\n1.83\n0.72\n0.88\n2.83\n1.21\n0.10\n0.72\n0.68\n3.29\n2.10\n2.93\nNov\n-0.23\n0.35\n0.34\n0.60\n0.85\n0.25\n4.30\n0.48\n16.78\n19.32\n0.85\n1.71\n0.23\n1.27\nDec\n0.39\n0.76\n0.20\n-0.24\n0.03\n-0.15\n3.91\n-0.10\n0.00\n0.73\n-0.23\n0.28\n1.55\n0.66\n2023\nJan\n0.17\n-0.62\n0.81\n0.34\n0.26\n0.45\n-2.36\n0.45\n0.06\n-0.58\n0.54\n0.33\n-0.77\n0.00\nFeb\n-3.59\n-1.56\n-3.56\n-1.27\n-1.02\n-4.40\n-1.81\n-2.19\n0.06\n-3.63\n-7.55\n-3.40\n-4.54\n-3.73\nMar\n-0.57\n-0.46\n-0.01\n-0.71\n-0.10\n-0.13\n0.44\n-0.24\n0.16\n-0.16\n-0.42\n-0.18\n-0.66\n-0.32\nApr\n1.05\n0.05\n2.79\n-0.18\n0.92\n0.18\n0.59\n0.43\n0.53\n0.35\n0.55\n1.36\n1.96\n1.54\nMay\n3.05\n0.34\n3.03\n-0.08\n2.87\n1.74\n6.10\n1.65\n1.19\n0.99\n2.35\n2.34\n3.37\n2.64\nJun\n11.74\n0.93\n14.88\n-0.85\n9.19\n5.27\n23.88\n5.15\n3.07\n3.15\n6.58\n9.53\n18.23\n12.10\nJul\n1.68\n0.51\n0.36\n0.56\n-0.34\n0.69\n0.68\n-0.11\n1.04\n2.82\n1.11\n0.65\n1.85\n1.03\nAug\n-1.11\n-0.11\n-2.00\n-0.19\n-0.02\n-0.02\n-0.61\n-0.53\n-0.45\n-0.40\n-1.37\n-1.12\n-1.83\n-1.34\nSep\n0.32\n0.04\n0.34\n0.30\n-0.38\n0.63\n5.77\n-0.21\n5.97\n-0.10\n0.91\n0.91\n1.05\n0.95\nOct\n1.91\n1.10\n4.96\n0.54\n1.89\n2.81\n-2.69\n0.43\n-4.21\n0.53\n2.43\n2.48\n2.42\n2.46\nNov\n1.94\n0.60\n8.93\n-0.36\n2.45\n1.30\n3.24\n0.79\n4.28\n-0.67\n1.07\n4.39\n4.89\n4.54\nDec\n3.49\n1.41\n5.40\n0.63\n0.55\n0.86\n0.71\n1.92\n0.22\n1.07\n1.95\n2.90\n8.64\n4.70\n2024\nJan\n2.65\n-2.53\n5.48\n-1.30\n-3.17\n11.61\n-8.22\n-3.90\n5.52\n0.78\n-3.36\n2.50\n15.01\n6.58\nFeb\n3.31\n0.26\n4.84\n0.64\n2.77\n2.47\n8.40\n2.25\n1.67\n1.15\n3.35\n2.98\n9.83\n5.39\nMar\n2.48\n0.76\n4.89\n0.62\n2.44\n2.39\n10.08\n2.14\n2.02\n1.75\n2.85\n2.48\n8.13\n4.89\nApr\n1.35\n0.66\n3.69\n0.28\n0.77\n1.01\n2.60\n0.18\n6.85\n-0.26\n0.87\n4.19\n4.19\n2.94\n*May\n-6.05\n-1.36\n0.54\n-3.09\n-1.14\n-0.73\n0.65\n-2.60\n0.00\n-0.90\n-2.82\n-0.99\n-5.55\n-2.42\n*Jun\n-0.48\n0.82\n0.08\n0.21\n0.44\n0.84\n0.33\n-0.03\n0.17\n0.04\n0.21\n0.22\n-0.38\n0.04\n*Jul\n0.57\n0.89\n0.38\n-0.11\n0.45\n-0.45\n-2.41\n0.06\n0.37\n0.22\n0.09\n0.14\n-0.73\n-0.13\n*Aug\n2.31\n1.57\n0.20\n2.07\n1.19\n2.72\n-0.06\n1.41\n0.49\n1.24\n2.11\n1.14\n2.15\n1.44\n*Sep\n11.10\n3.65\n1.14\n6.71\n4.01\n5.70\n2.87\n6.26\n0.86\n4.45\n7.46\n3.89\n10.15\n5.78\n*Oct\n55.63\n44.94\n16.79\n39.81\n50.55\n38.72\n42.19\n49.16\n3.69\n30.79\n54.02\n31.75\n49.25\n37.25\n*Nov\n15.83\n15.10\n2.30\n15.16\n15.13\n13.80\n6.82\n17.47\n4.67\n10.69\n14.76\n9.67\n15.66\n11.72\n*Dec\n4.07\n6.71\n1.49\n3.19\n3.69\n3.57\n3.29\n2.46\n6.03\n3.61\n3.52\n3.19\n4.56\n3.67\n2025\n*Jan\n6.85\n4.51\n2.80\n30.66\n7.15\n3.96\n1.81\n7.91\n1.54\n0.00\n2.41\n5.75\n6.85\n10.50\n*Feb\n-0.32\n0.58\n0.22\n0.81\n0.93\n0.46\n0.57\n0.42\n1.25\n0.80\n-0.63\n0.27\n0.81\n0.46\n*Mar\n0.83\n0.15\n0.00\n-0.13\n0.93\n0.34\n-0.25\n-1.08\n2.43\n-0.53\n-0.22\n0.16\n-0.46\n-0.06\n Source:Zimstat, 2025\n*Statistics are in ZiG\nNON-FOOD INFLATION\nTABLE 12.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( April 2024 = 100)\n46 \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, WATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION &\nEDUCATION\nRESTAURANT\nS &\nMISC.\nTOTAL NON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, GAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.90\n4.35\n27.62\n5.29\n1.42\n8.39\n2.65\n2.27\n4.25\n1.08\n6.46\n68.70\n31.30\n100.00\n2021\nJan\n6.5\n7.1\n5.2\n5.6\n4.8\n6.3\n1.1\n0.0\n12.6\n7.4\n5.3\n-\n10.8\n7.3\nFeb\n6.1\n4.5\n2.6\n5.3\n4.7\n6.3\n-0.5\n10.0\n-1.6\n2.5\n5.7\n-\n9.1\n5.4\nMar\n4.3\n1.2\n1.0\n8.3\n1.6\n4.3\n4.3\n9.6\n-0.4\n-0.7\n4.2\n-\n5.5\n3.6\nApr\n1.5\n-1.0\n0.0\n3.8\n-0.6\n2.4\n3.5\n9.3\n14.7\n1.2\n-3.0\n-\n2.8\n2.0\nMay\n0.9\n1.7\n3.1\n5.2\n-2.1\n2.2\n5.3\n40.5\n18.7\n4.6\n-2.9\n-\n1.1\n3.3\nJun\n2.4\n5.8\n11.4\n7.8\n1.7\n2.1\n1.6\n42.7\n24.5\n6.8\n-0.9\n-\n2.9\n6.9\nJul\n3.6\n8.2\n11.5\n7.8\n0.8\n1.7\n1.1\n45.0\n6.2\n5.3\n3.8\n-\n2.7\n6.5\nAug\n4.7\n6.4\n11.0\n8.0\n1.9\n2.0\n4.7\n2.2\n4.8\n5.1\n4.7\n-\n3.2\n5.9\nSep\n4.8\n2.5\n3.1\n2.4\n1.1\n1.4\n7.8\n1.7\n-0.9\n3.5\n4.3\n-\n3.1\n3.0\nOct\n5.1\n1.6\n3.5\n4.3\n2.5\n2.6\n15.7\n1.5\n1.3\n5.2\n4.1\n-\n6.7\n4.6\nNov\n4.2\n1.2\n3.9\n4.4\n2.1\n2.7\n16.6\n1.6\n-5.7\n4.7\n3.6\n-\n9.3\n5.2\nDec\n4.8\n2.1\n3.9\n4.3\n2.1\n1.9\n12.5\n1.7\n-4.9\n4.5\n4.1\n-\n8.9\n5.0\n2022\nJan\n4.4\n2.0\n5.2\n2.9\n2.0\n0.9\n6.3\n13.6\n-6.0\n4.8\n3.3\n-\n7.9\n4.9\nFeb\n5.4\n5.1\n5.6\n3.5\n2.0\n0.7\n2.4\n14.2\n1.3\n4.5\n3.9\n-\n8.2\n5.6\nMar\n5.6\n6.4\n4.9\n3.5\n2.4\n7.5\n4.4\n14.0\n1.4\n4.4\n1.7\n-\n9.3\n6.3\nApr\n8.0\n7.5\n17.3\n8.8\n3.4\n9.1\n4.7\n3.5\n3.4\n8.6\n3.5\n-\n14.0\n11.7\nMay\n10.0\n13.0\n17.4\n8.2\n5.3\n11.5\n6.6\n4.7\n3.6\n10.7\n5.7\n-\n20.7\n14.6\nJun\n16.0\n19.3\n31.1\n18.4\n18.6\n11.3\n9.4\n10.7\n8.2\n15.4\n16.1\n-\n37.5\n25.7\nJul\n17.3\n19.6\n24.7\n18.8\n20.9\n11.6\n8.8\n11.7\n17.6\n11.0\n16.5\n-\n44.1\n26.4\nAug\n17.3\n12.7\n24.7\n19.0\n20.3\n9.7\n8.2\n10.7\n17.5\n8.8\n15.5\n-\n38.0\n24.1\nSep\n5.9\n2.6\n16.6\n3.8\n5.1\n2.5\n13.6\n4.2\n21.5\n1.4\n3.4\n-\n13.8\n11.2\nOct\n2.1\n1.9\n14.6\n-0.1\n2.0\n1.3\n15.4\n2.7\n8.8\n0.1\n1.9\n-\n3.7\n6.3\nNov\n-1.8\n-0.2\n12.7\n-1.0\n0.9\n-0.1\n18.1\n2.1\n26.5\n18.0\n-0.2\n7.1\n-1.0\n4.6\nDec\n1.0\n2.4\n7.3\n2.2\n1.6\n1.0\n11.4\n1.6\n16.9\n21.1\n1.3\n5.4\n3.9\n4.9\n2023\nJan\n0.3\n0.5\n1.4\n0.7\n1.1\n0.6\n5.8\n0.8\n16.8\n19.5\n1.2\n2.3\n1.0\n1.9\nFeb\n-3.0\n-1.4\n-2.6\n-1.2\n-0.7\n-4.1\n-0.4\n-1.8\n0.1\n-3.5\n-7.3\n-2.8\n-3.8\n-3.1\nMar\n-4.0\n-2.6\n-2.8\n-1.6\n-0.9\n-4.1\n-3.7\n-2.0\n0.3\n-4.3\n-7.4\n-3.3\n-5.9\n-4.0\nApr\n-3.1\n-2.0\n-0.9\n-2.1\n-0.2\n-4.4\n-0.8\n-2.0\n0.7\n-3.4\n-7.4\n-2.3\n-3.3\n-2.6\nMay\n3.5\n-0.1\n5.9\n-1.0\n3.7\n1.8\n7.2\n1.8\n1.9\n1.2\n2.5\n3.5\n4.7\n3.9\nJun\n16.4\n1.3\n21.7\n-1.1\n13.4\n7.3\n32.2\n7.3\n4.8\n4.5\n9.7\n13.6\n24.6\n16.8\nJul\n17.1\n1.8\n18.8\n-0.4\n11.9\n7.8\n32.3\n6.8\n5.4\n7.1\n10.3\n12.8\n24.5\n16.2\nAug\n12.4\n1.3\n13.0\n-0.5\n8.8\n6.0\n24.0\n4.5\n3.7\n5.6\n6.3\n9.0\n18.2\n11.7\nSep\n0.9\n0.4\n-1.3\n0.7\n-0.7\n1.3\n5.8\n-0.8\n6.6\n2.3\n0.6\n0.4\n1.0\n0.6\nOct\n1.1\n1.0\n3.2\n0.6\n1.5\n3.4\n2.3\n-0.3\n1.0\n0.0\n1.9\n2.3\n1.6\n2.0\nNov\n4.2\n1.8\n14.7\n0.5\n4.0\n4.8\n6.3\n1.0\n5.9\n-0.2\n4.5\n7.9\n8.6\n8.1\nDec\n7.5\n3.1\n20.5\n0.8\n5.0\n5.0\n1.2\n3.2\n0.1\n0.9\n5.5\n10.1\n16.7\n12.1\n2024\nJan\n8.3\n-0.6\n21.1\n-1.0\n-0.3\n14.0\n-4.6\n-1.3\n10.3\n1.2\n-0.4\n10.1\n31.0\n16.7\nFeb\n9.7\n-0.9\n16.6\n0.0\n0.1\n15.3\n0.2\n0.1\n7.5\n3.0\n1.8\n8.6\n37.2\n17.6\nMar\n8.7\n-1.5\n16.0\n0.0\n1.9\n17.1\n9.5\n0.4\n9.4\n3.7\n2.7\n8.7\n36.6\n17.8\n*Jul\n-6.0\n0.3\n1.0\n-3.0\n-0.3\n-0.4\n-1.5\n-2.6\n0.5\n-0.6\n-2.5\n-0.6\n-6.6\n-2.5\n*Aug\n2.4\n3.3\n0.7\n2.2\n2.1\n3.1\n-2.1\n1.4\n1.0\n1.5\n2.4\n1.5\n1.0\n1.4\n*Sep\n14.3\n6.2\n1.7\n8.8\n5.7\n8.1\n0.3\n7.8\n1.7\n6.0\n9.8\n5.2\n11.7\n7.2\n*Oct\n76.9\n52.6\n18.4\n52.3\n58.4\n50.6\n46.2\n60.7\n5.1\n38.3\n69.0\n38.4\n67.9\n47.3\n*Nov\n100.3\n72.9\n20.8\n71.8\n80.3\n66.9\n56.3\n86.2\n9.5\n51.2\n89.9\n50.1\n90.1\n62.2\n*Dec\n87.6\n78.0\n21.3\n66.1\n79.7\n63.5\n56.9\n79.5\n15.1\n50.0\n83.0\n49.1\n80.5\n59.0\n2025\n*Jan\n8.8\n9.7\n32.6\n10.6\n7.8\n5.4\n11.5\n4.0\n6.0\n6.1\n9.5\n16.1\n11.7\n14.6\n*Feb\n4.2\n3.4\n30.9\n8.0\n4.9\n2.3\n8.5\n2.0\n1.3\n3.2\n5.1\n12.8\n7.7\n11.0\n*Mar\n0.5\n0.7\n0.2\n0.7\n1.9\n0.8\n0.3\n-0.7\n3.7\n0.3\n-0.9\n0.4\n0.4\n0.4\nSource: ZIMSTAT, 2025\n* Statistics are for ZiG Inflation\nTABLE 12.2 : QUARTERLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \n(April 2024 = 100)\nNON-FOOD INFLATION\n47 \n \n \nFOOD \nINFLATION\nALCO HO LIC \nCLO T HING\nHO US ING , \nW AT E R,\nFURNIT URE\nMIS C.\nFO O D & \nB E VE RAG E S \n& \nE LE CT RICT Y, \nG AS\nAND\nRE CRE AT IO N &\nRE S T AURANT S \n&\nG O O DS &\nT O T AL NO N\nNO N \nALCO HO LIC \nALL\n& T O B ACCO\nFO O T W E AR\n& O T HE R\nE Q UIP ME NT\nCULT URE\nHO T E LS\nS E RVICE S\nFO O D\nB E VE RAG E S\nIT E MS\nFUE LS\nWEIGHTS\n4.90\n4.35\n27.62\n5.29\n1.42\n8.39\n2.65\n2.27\n4.25\n1.08\n6.46\n68.70\n31.30\n100\n2021\nJan\n20.60\n-2.07\n36.36\n-1.28\n10.32\n-3.60\n128.10\n-5.01\n-21.25\n-30.63\n-23.35\n12.89\n17.44\n14.03\nFeb\n39.34\n9.50\n38.02\n12.01\n25.35\n8.60\n82.62\n14.90\n-32.54\n-21.66\n-17.59\n18.72\n29.84\n21.45\nMar\n14.17\n6.58\n29.52\n3.24\n5.87\n19.12\n92.07\n6.36\n6.81\n-2.73\n-7.44\n18.40\n22.51\n19.45\nApr\n14.30\n5.98\n30.11\n3.19\n6.13\n19.96\n93.18\n5.32\n25.12\n-1.35\n-10.56\n19.42\n22.82\n20.29\nMay\n15.83\n14.44\n20.88\n4.68\n16.10\n25.82\n102.08\n55.83\n36.63\n-3.32\n-9.20\n20.10\n22.47\n20.70\nJun\n12.75\n14.64\n22.39\n15.03\n9.18\n12.04\n70.11\n42.04\n30.41\n4.24\n-7.69\n19.04\n28.60\n21.31\nJul\n6.39\n11.64\n23.80\n10.15\n3.85\n6.95\n52.67\n52.59\n39.02\n13.15\n8.80\n18.71\n15.01\n17.76\nAug\n13.21\n12.09\n24.34\n11.12\n5.35\n6.76\n15.74\n59.33\n35.23\n16.34\n4.54\n18.18\n18.05\n18.15\nSep\n14.96\n12.70\n25.60\n16.41\n6.74\n12.34\n14.92\n60.58\n36.28\n21.35\n9.67\n20.76\n21.15\n20.86\nOct\n17.72\n16.64\n21.34\n23.27\n7.60\n13.62\n22.43\n60.80\n38.87\n20.39\n10.27\n21.05\n24.80\n21.99\nNov\n16.80\n14.54\n22.11\n24.82\n6.57\n13.72\n27.83\n60.49\n15.38\n17.92\n11.34\n20.15\n24.28\n21.19\nDec\n17.38\n12.07\n20.56\n24.61\n6.62\n10.09\n28.48\n61.86\n16.79\n14.71\n12.21\n19.00\n21.96\n19.76\n2022\nJan\n15.38\n11.03\n21.29\n20.02\n4.81\n7.80\n28.71\n82.72\n15.93\n17.46\n8.22\n18.46\n21.56\n19.26\nFeb\n16.00\n15.14\n25.74\n22.76\n3.87\n7.80\n31.58\n66.63\n18.83\n20.23\n9.44\n20.73\n23.23\n21.38\nMar\n18.84\n17.81\n25.15\n19.07\n7.41\n13.39\n28.67\n68.48\n18.98\n20.57\n9.57\n21.54\n26.32\n22.80\nApr\n22.71\n20.48\n42.29\n25.78\n9.04\n14.77\n30.15\n73.15\n4.52\n26.09\n15.50\n29.14\n34.75\n30.60\nMay\n26.46\n27.91\n43.15\n26.23\n11.74\n17.68\n33.27\n24.17\n3.66\n27.29\n19.09\n30.37\n47.22\n34.70\nJun\n34.62\n32.92\n47.25\n30.78\n25.21\n23.62\n38.51\n30.74\n3.41\n30.29\n28.37\n36.30\n68.72\n44.47\nJul\n38.99\n33.16\n59.19\n38.55\n30.80\n25.88\n40.04\n33.42\n15.74\n32.91\n29.63\n43.58\n89.00\n54.99\nAug\n41.70\n35.49\n60.73\n39.17\n31.89\n26.54\n37.81\n34.54\n16.27\n31.74\n31.34\n44.88\n96.89\n57.92\nSep\n35.93\n32.94\n66.48\n32.64\n30.19\n25.02\n45.99\n33.85\n26.81\n27.66\n27.17\n45.91\n86.25\n56.09\nOct\n35.00\n33.64\n76.23\n32.71\n30.19\n24.29\n39.72\n34.98\n24.31\n26.52\n26.89\n48.43\n83.72\n57.47\nNov\n33.55\n33.65\n74.26\n32.03\n30.42\n23.10\n39.54\n35.12\n55.96\n48.48\n26.56\n49.54\n78.43\n57.06\nDec\n30.92\n33.36\n72.02\n30.01\n29.63\n23.87\n44.62\n33.64\n55.91\n47.88\n23.73\n48.22\n77.66\n55.93\n2023\nJan\n29.74\n31.69\n69.78\n29.91\n29.05\n23.89\n39.11\n19.78\n54.56\n44.29\n24.25\n46.26\n71.94\n53.03\nFeb\n22.86\n25.38\n60.69\n26.01\n26.87\n23.89\n35.79\n16.09\n54.11\n37.14\n12.96\n38.85\n58.69\n44.14\nMar\n19.07\n22.07\n59.46\n23.60\n25.55\n23.89\n33.36\n14.86\n54.13\n35.54\n12.56\n36.31\n52.99\n40.80\nApr\n16.38\n20.11\n43.52\n16.85\n24.51\n23.89\n31.87\n13.36\n50.56\n28.25\n11.10\n28.93\n45.87\n33.48\nMay\n15.66\n10.84\n44.93\n15.37\n25.01\n23.89\n36.54\n12.90\n51.63\n25.34\n9.57\n27.96\n37.63\n30.68\nJun\n19.45\n3.65\n48.01\n3.20\n20.03\n23.89\n61.17\n11.33\n49.36\n22.73\n6.31\n27.58\n38.70\n30.85\nJul\n16.14\n2.22\n36.71\n-1.98\n15.30\n23.89\n60.33\n8.34\n34.91\n23.72\n5.22\n21.28\n26.03\n22.74\nAug\n10.74\n-0.36\n31.33\n-3.54\n13.04\n23.89\n56.36\n6.57\n33.75\n21.75\n0.82\n17.55\n17.90\n17.66\nSep\n13.82\n1.52\n25.26\n0.08\n13.36\n23.89\n50.18\n5.97\n30.99\n23.86\n3.48\n16.31\n23.12\n18.36\nOct\n15.06\n1.31\n23.16\n-1.20\n14.66\n7.28\n42.11\n5.15\n25.35\n23.64\n5.28\n15.40\n23.50\n17.82\nNov\n17.55\n1.56\n33.71\n-2.14\n16.48\n8.40\n40.66\n5.48\n11.94\n2.93\n5.52\n18.43\n29.24\n21.63\nDec\n21.19\n2.22\n40.65\n-1.28\n17.09\n9.49\n36.33\n7.61\n12.19\n3.27\n7.82\n21.52\n38.26\n26.52\n2024\nJan\n24.18\n0.25\n47.17\n-2.90\n13.08\n21.65\n28.14\n2.95\n18.31\n4.68\n3.64\n24.16\n60.25\n34.84\nFeb\n33.06\n2.10\n59.99\n-1.02\n17.41\n30.39\n41.46\n7.62\n20.22\n9.87\n15.86\n32.35\n84.37\n47.62\nMar\n37.15\n3.35\n67.82\n0.31\n20.39\n33.68\n55.04\n10.19\n22.44\n11.97\n19.67\n36.58\n100.68\n55.34\nApr\n37.55\n3.98\n69.28\n0.77\n20.20\n34.79\n58.13\n9.93\n30.14\n11.30\n20.06\n42.42\n105.07\n57.48\nSource: ZIMSTAT, 2024\nTABLE 12.3 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n(February 2019 = 100)\nCO MMUNICAT IO N\nT RANS P O RT\nHE ALT H\nE DUCAT IO N\nNON-FOOD INFLATION\n48 \n \n \n \n \n \n \n \n \nEnd of\nMar-24 Apr-24 May-24 Jun-24\nJul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24\nJan-25\nFeb-25 Mar-25\nMerchandise Imports (excl. energy)\n346.3\n \n353.8\n \n447.0\n \n373.4\n \n492.8\n \n408.6\n \n461.0\n \n503.2\n \n430.2\n \n420.1\n \n470.0\n \n363.2\n \n437.3\n \n- Consumption Goods\n100.6\n \n144.2\n \n163.2\n \n143.2\n \n154.3\n \n118.1\n \n166.3\n \n173.5\n \n160.7\n \n156.8\n \n143.9\n \n108.0\n \n119.5\n \n- Capital Goods\n135.2\n \n126.5\n \n165.2\n \n123.4\n \n174.3\n \n139.7\n \n144.1\n \n178.5\n \n143.3\n \n132.7\n \n142.2\n \n109.8\n \n143.8\n \n- Intermediate Goods\n110.4\n \n83.1\n \n118.6\n \n106.8\n \n154.3\n \n118.1\n \n166.3\n \n151.2\n \n126.2\n \n130.6\n \n184.0\n \n145.4\n \n174.1\n \nEnergy (Fuel & Electricity)\n131.4\n \n142.0\n \n155.1\n \n127.1\n \n159.2\n \n149.1\n \n143.7\n \n173.9\n \n148.4\n \n140.1\n \n185.4\n \n132.8\n \n146.7\n \nService Payments\n77.5\n \n71.7\n \n81.1\n \n79.6\n \n845.1\n \n102.1\n \n915.1\n \n100.9\n \n86.1\n \n87.3\n \n81.8\n \n85.1\n \n73.2\n \n- Technical, Professional & consult\n34.1\n \n26.9\n \n32.9\n \n25.2\n \n378.2\n \n512.8\n \n379.9\n \n32.7\n \n29.5\n \n42.4\n \n36.7\n \n33.7\n \n26.6\n \n- Software\n12.9\n \n8.9\n \n13.0\n \n12.7\n \n145.6\n \n134.5\n \n110.8\n \n20.8\n \n21.8\n \n17.3\n \n15.3\n \n15.8\n \n13.1\n \n- Other (tourism, edu, freight etc)\n30.5\n \n35.9\n \n35.2\n \n41.7\n \n321.3\n \n373.4\n \n424.5\n \n47.4\n \n34.8\n \n27.6\n \n29.8\n \n35.6\n \n33.5\n \nIncome Payments (Profits, Dividends)\n30.6\n \n28.3\n \n13.1\n \n23.7\n \n38.1\n \n858.6\n \n417.1\n \n20.4\n \n20.8\n \n58.5\n \n50.5\n \n32.6\n \n39.5\n \nCapital Remittances (outward)\n55.4\n \n49.0\n \n83.3\n \n48.8\n \n111.1\n \n735.7\n \n763.5\n \n59.8\n \n80.8\n \n102.8\n \n87.9\n \n53.9\n \n58.6\n \n- External Loan Repayments \n40.3\n \n31.6\n \n59.0\n \n41.8\n \n95.1\n \n60.3\n \n64.0\n \n46.3\n \n45.5\n \n76.9\n \n63.4\n \n38.4\n \n41.8\n \n- Disinvestments\n75.8\n \n6.4\n \n17.2\n \n2.6\n \n80.4\n \n10.8\n \n38.5\n \n5.9\n \n14.4\n \n17.6\n \n10.9\n \n11.8\n \n10.3\n \n- Cross Border Investment\n74.9\n \n11.0\n \n7.1\n \n4.4\n \n79.6\n \n24.9\n \n84.8\n \n7.6\n \n20.9\n \n8.3\n \n13.6\n \n3.8\n \n6.5\n \nOther Payments\n23.6\n \n7.9\n \n31.0\n \n22.3\n \n28.9\n \n20.3\n \n21.7\n \n21.3\n \n22.7\n \n22.7\n \n26.0\n \n32.1\n \n31.6\n \nTOTAL\n664.8\n \n652.8\n \n810.7\n \n675.0\n \n914.7\n \n839.5\n \n836.0\n \n879.5\n \n788.9\n \n831.5\n \n901.6\n \n699.6\n \n786.9\n \nSource:Reserve Bank of Zimbabwe, 2025\nTable 13.1: Monthly Cross Border Payments (US$ Millions)\n49 \n \n \nAgriculture\nHorticulture\nManufacturing\nMining\nTobacco\nTourism\n Transport & \nOther Services\nTotal\nEnd of \nTelecom\n2021\nJan\n24.0\n3.4\n8.5\n496.8\n25.0\n0.6\n6.5\n1.9\n566.6\nFeb\n11.4\n2.0\n14.3\n384.3\n24.9\n0.5\n6.8\n1.0\n445.2\nMar\n17.7\n2.2\n12.1\n221.7\n28.3\n1.3\n23.8\n0.8\n307.8\nApr\n5.5\n1.6\n12.3\n290.2\n19.0\n0.5\n10.9\n0.5\n340.3\nMay\n11.4\n2.1\n10.9\n261.1\n20.7\n2.0\n13.3\n0.9\n322.2\nJun\n6.0\n3.2\n14.0\n249.0\n20.0\n0.6\n21.6\n0.6\n314.8\nJul\n13.2\n4.4\n16.1\n679.0\n45.9\n2.0\n12.8\n0.4\n773.7\nAug\n13.4\n2.9\n16.1\n327.7\n25.7\n1.9\n16.9\n0.2\n404.7\nSep\n10.3\n6.4\n14.1\n499.0\n33.7\n0.7\n13.0\n0.4\n577.5\nOct\n17.2\n3.5\n17.6\n520.8\n81.2\n0.5\n16.9\n0.1\n657.8\nNov\n18.9\n4.6\n19.5\n280.7\n188.8\n0.8\n15.1\n0.3\n528.6\nDec\n20.3\n4.0\n20.4\n801.4\n62.3\n1.3\n21.3\n0.1\n931.1\n2022\nJan\n34.4\n6.4\n15.7\n222.2\n54.3\n6.5\n15.6\n0.2\n355.1\nFeb\n13.7\n2.9\n10.5\n364.1\n85.4\n14.2\n18.0\n0.0\n508.8\nMar\n13.2\n3.2\n13.2\n548.9\n91.2\n26.1\n12.8\n0.1\n708.4\nApr\n10.0\n1.7\n16.0\n525.9\n58.9\n30.9\n9.0\n0.1\n652.4\nMay\n10.4\n2.1\n13.0\n533.3\n75.6\n82.7\n16.2\n0.1\n733.4\nJun\n5.5\n2.4\n16.3\n468.2\n79.0\n9.7\n12.5\n0.0\n593.6\nJul\n10.9\n2.6\n17.0\n665.4\n128.1\n44.2\n15.3\n0.2\n883.8\nAug\n5.4\n3.9\n14.7\n481.2\n59.9\n15.2\n13.6\n0.1\n593.9\nSep\n7.2\n4.5\n17.3\n272.2\n67.4\n12.0\n12.9\n1.3\n394.8\nOct\n8.1\n2.5\n41.7\n450.9\n71.8\n11.5\n15.0\n0.1\n601.7\nNov\n9.1\n3.4\n15.8\n713.1\n64.9\n10.0\n15.3\n0.1\n831.8\nDec\n16.8\n6.5\n11.9\n382.2\n131.7\n0.8\n11.8\n0.0\n561.8\n2023\nJan\n16.0\n3.7\n16.4\n402.4\n129.3\n9.1\n18.3\n0.2\n595.4\nFeb\n13.1\n1.3\n13.3\n240.1\n103.9\n7.6\n11.1\n0.1\n390.3\nMar\n5.0\n2.7\n11.4\n498.7\n118.9\n5.3\n17.8\n2.5\n662.3\nApr\n3.7\n2.2\n11.3\n246.9\n55.1\n9.7\n14.0\n0.2\n343.0\nMay\n4.9\n3.5\n16.3\n363.8\n87.3\n11.2\n24.1\n0.2\n511.2\nJun\n13.6\n2.3\n12.6\n452.6\n52.3\n17.7\n18.5\n0.3\n569.9\nJul\n8.4\n3.9\n18.8\n270.7\n92.0\n14.5\n14.8\n0.4\n423.6\nAug\n8.8\n3.2\n18.0\n374.0\n145.9\n12.1\n21.6\n0.4\n583.9\nSep\n10.1\n5.6\n33.8\n502.8\n96.2\n24.9\n14.9\n0.4\n688.7\nOct\n6.4\n5.3\n46.0\n414.4\n47.3\n18.3\n22.9\n0.4\n560.8\nNov\n17.0\n4.5\n17.0\n257.9\n91.3\n14.7\n21.0\n0.3\n423.7\nDec\n13.7\n6.5\n13.5\n117.7\n120.9\n10.1\n19.6\n0.4\n302.4\n2024\nJan\n18.4\n2.3\n13.8\n542.9\n96.1\n9.9\n17.9\n0.4\n702.7\nFeb\n9.6\n3.2\n17.2\n428.2\n237.9\n9.3\n12.2\n2.7\n720.3\nMar\n8.6\n1.7\n13.6\n117.5\n173.6\n17.1\n13.4\n1.6\n347.1\nApr\n13.0\n1.5\n51.0\n363.7\n136.7\n12.7\n15.4\n1.7\n595.7\nMay\n11.4\n1.5\n20.4\n338.2\n142.1\n18.1\n13.3\n1.7\n546.7\nJun\n11.8\n2.7\n14.1\n436.0\n53.6\n2.4\n16.6\n1.2\n538.5\nJul\n5.1\n3.7\n23.8\n573.2\n146.9\n23.1\n23.1\n4.9\n803.9\nAug\n6.4\n5.1\n17.7\n397.7\n46.5\n24.6\n18.2\n2.2\n518.3\nSep\n6.4\n4.6\n13.2\n839.2\n217.1\n22.5\n19.9\n1.7\n1124.5\nOct\n7.2\n7.5\n16.1\n634.5\n120.7\n24.0\n15.9\n2.7\n828.6\nNov\n14.9\n11.8\n17.3\n372.2\n112.6\n13.5\n22.2\n3.0\n567.6\nDec\n7.3\n11.9\n16.8\n390.4\n105.3\n2.5\n16.8\n1.7\n552.7\n2025\nJan\n10.0\n4.5\n13.1\n431.1\n75.3\n15.1\n22.1\n2.4\n573.6\nFeb\n3.9\n4.1\n25.5\n298.2\n128.1\n14.7\n13.4\n2.4\n490.2\nMar\n7.1\n2.5\n11.9\n563.6\n85.5\n3.8\n18.8\n2.9\n696.0\n Source:Reserve Bank of Zimbabwe, 2025\nTable 13.2: Monthly Cross Border Receipts (US$Millions)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/Quarterly_Economic_Reviews/QUARTERLY_ECONOMIC_REVIEW_Q1_2025_.pdf"}
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