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+{"doc_id": "0267ee36f9ecd87c350e5a393a520f28", "text": "[Date] \n \n \n \n \nMAY 2015 \n \n \ni \n \nMONTHLY ECONOMIC REVIEW \nTABLE OF CONTENTS \nSELECTED ECONOMIC INDICATORS ________________________________________ 1 \nSTOCK MARKET DEVELOPMENTS __________________________________________ 2 \nMONETARY DEVELOPMENTS ______________________________________________ 2 \nINFLATION OUTTURN ______________________________________________________ 4 \nAnnual Inflation __________________________________________________________________ 4 \nMonthly Inflation _________________________________________________________________ 5 \nNATIONAL PAYMENTS SYSTEM ____________________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ______________________________ 5 \nCard Based Transactions ___________________________________________________________ 5 \nMobile and Internet Based Transactions ______________________________________________ 5 \nCheque Transactions ______________________________________________________________ 6 \n \n \n \n \n \n \n1 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n2015 \nApril \n2015 \nMay \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n42.93 \n44.45 \n3.54% \nZ.S.E. Industrial Index1 \n156.23 \n152.96 \n-2.09% \nMoney Supply (US$)2 \n4 438.84 million 4 487.97 million \n1.11% \nMoney Supply (M3) Annual Growth2 \n4.93% \n3.75% \n \nYearly Inflation3 \n-2.65% \n-2.70% \n \nMonthly Inflation3 \n \n-0.89% \n \n \n-0.19% \n \n \nNominal Lending Rate \n4.3-31.00% \n5.0-31.00% \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency \n(ZIMSTAT) \n \n \n \nSELECTED ECONOMIC INDICATORS \n \n \nMONTHLY ECONOMIC REVIEW \n2 \n \nSTOCK MARKET DEVELOPMENTS \nGlobal stock markets registered mixed performances \nin the month of May 2015. The US stock markets \nwere buoyed by expectations of an interest rate \nincrease by the Federal Reserve Bank. European \nstock markets were lower largely because of \nuncertainty \nsurrounding \nGreece’s \ncontinued \nmembership of the Economic and Monetary Union \n(EMU) of European countries. \nMost African stock markets recorded losses during \nthe month under review. Kenyan, South African and \nNigerian stock markets declined by 6.0%, 4.1% and \n1.1%, respectively. Losses in Kenya were largely due \nto profit taking. South African losses were attributed \nto expectations that the Federal Reserve Bank of \nAmerica was likely to raise interest rates. \nBearish conditions continued on the Zimbabwe stock \nmarket, with the industrial index declining from \n156.26 points in April 2015, to 152.96 points in May \n2015. Over the same period, however, the mining \nindex rose by 3.54% to 44.45 points from 42.93 \npoints. \n \n \nThe decline in the industrial index largely reflected \nlosses in Powerspeed, Cafca and OK Zimbabwe. The \nmining index was buoyed by gains in Riozim. The \nmining entity’s share price gained after it announced \nplans to produce at least 40kgs of gold per month \nfrom its mining unit, Cam and Motor mine which re-\nstarted operations in March 2015. \nTrading \nvolumes \ndeclined \nby \n48.51% \nfrom \n563.83 million shares in April 2015, to 290.32 million \nshares in May 2015. Market turnover also declined \nfrom US$29.19 million in April 2015, to US$23.28 \nmillion in May 2015. \n \n \nSource: Zimbabwe Stock Exchange, 2015 \nMarket \ncapitalisation \nfurther \ndeclined \nfrom \nUS$4 066.07 million in April 2015, to US$3 978.1 \nmillion May 2015, as a result of subdued activity in \nthe market. \n \n0\n50\n100\n150\n200\n250\n30-Aug-12\n30-Nov-12\n28-Feb-13\n31-May-13\n31-Aug-13\n30-Nov-13\n28-Feb-14\n31-May-14\n31-Aug-14\n30-Nov-14\n28-Feb-15\n31-May-15\nFigure 1: ZSE Indices\nIndustrial\nMining\n0.00\n0.50\n1.00\n1.50\n2.00\n2.50\n3.00\n3.50\n4.00\n4.50\n0.00\n20.00\n40.00\n60.00\n80.00\n100.00\n120.00\n140.00\n04-May-15\n06-May-15\n08-May-15\n10-May-15\n12-May-15\n14-May-15\n16-May-15\n18-May-15\n20-May-15\n22-May-15\n24-May-15\n26-May-15\n28-May-15\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nFigure 2: ZSE: Daily Volumes and \nFigure 2: ZSE: Daily Volumes and Values Traded\nValues Traded\nVolume\nTurnover\nSource: Zimbabwe Stock Exchange, 2015 \n \n \nMONTHLY ECONOMIC REVIEW \n3 \n \nMONETARY DEVELOPMENTS \n \nAnnual broad money1 supply growth further \ndecelerated from 4.93% in April to 3.75% in May \n2015. On a monthly basis, broad money rose by \n1.11% to US$4 487.97 million in May, from \nUS$4 438.84 million in April 2015. \n \nSource: Reserve Bank of Zimbabwe, 2015 \nThe annual growth in broad money continued to be \nunderpinned by increases in long term deposits, \n33.70%; and savings deposits, 18.43%. Partially \noffsetting these increases were declines in demand \ndeposits of 6.05% and 4.31% in short term deposits. \nThe \nstructure \nof \ndeposits \nremained \nlargely \nunchanged, with demand deposits accounting for \n \n1 Broad money is made up of the consolidated deposits of the entire banking sector which amounted \nto US$4.5 billion in May 2015. The process of consolidation entails netting off of all interbank \ntransactions, including intra-sectoral deposits. Broad money computation, also nets out \ngovernment and non-resident deposits. \n46.42%; long term, 20.73%; short term, 18.86%; and \nsavings deposits, 13.98% of total deposits. \n \n \nTotal banking sector credit to the domestic economy \nincreased by 16.42% to US$4 817.88 million in May \n2015, from US$4 529.78 million in April 2015. \nOn a year-on-year basis, growth in credit to the \nprivate sector was 4.78% in May 2015, up from \n4.65% in April 2015. The monthly growth in credit to \nthe private sector posted a marginal increase to 0.02% \nUS$3 762.97 million in May 2015, from US$3 762.04 \nmillion in April 2015. \nDuring the month of May 2015, loans and advances \nconstituted 82.47% of the total credit to the private \nsector, followed by mortgages advanced by building \nsocieties, 11.92%; other investments, 3.93%; \n \n-5\n0\n5\n10\n15\n20\n25\n30\n 3.4\n 3.6\n 3.8\n 4.0\n 4.2\n 4.4\n 4.6\nNov\nJan\nMar\nMay\nJul\nSep\nNov\nJan\nMar\nMay\nJul\nSep\nNov\nJan\nMar\nMay\n%\nUS$ BILLIONS\nFigure 3: Money Supply\nFigure 3: Money Supply\nM3\nM3 Annual Growth\nShort \nTerm\n19%\nLong Term \n21%\nDemand\n46%\nSavings\n14%Figure 4: Banking Sector Deposits\nFigure 4: Banking Sector DepositsMay 2015\nMay 2015\nSource: Reserve Bank of Zimbabwe, 2015 \n \n \nMONTHLY ECONOMIC REVIEW \n4 \n \nbankers’ acceptances, 0.90%; and bills discounted, \n0.78%. \n \nSource: Reserve Bank of Zimbabwe, 2015 \nOn a sectoral basis, credit was distributed as follows: \nagriculture \n(18.86%); \nservices \n(17.82%); \nmanufacturing (15.05%); distribution (14.92%); \nmining (6.28%); transport and communications \n(3.10%); and construction (1.03%). Consumptive \nborrowing by households remained high at 18.33% of \ntotal credit to the private sector in May 2015. \nCredit to the private sector was mainly channelled \ntowards asset purchases, 45.84%; inventory build-up, \n33.84%; consumer durables, 11.15%; and vehicle \npurchases, 3.02%. The proportion of borrowed funds \nutilised for capital development remained low at \n5.15% of total loans and advances. In terms of \nallocation, the procurement of plant and equipment, \nland development, and office equipment, accounted \nfor 3.68%, 0.79% and 0.52%, respectively, of total \nloans and advances. \nINFLATION OUTTURN \n \nAnnual Inflation \nAnnual headline inflation, which has been negative \nsince October 2014, decelerated further to -2.70% in \nMay 2015, from -2.65% in April 2015. This was on \naccount of the continued decline in both food and \nnon-food prices. \n \nSource: ZIMSTAT, 2015 \nAnnual food inflation declined further from -2.9% in \nApril 2015, to -3.0% in May 2015, largely weighed \ndown by declines in the prices of vegetables, bread \nand cereals, meat, and oils and fats, among other food \nitems. \nThe decline in meat prices was partly on account of \nan increase in the supply of beef, goat, live chicken \nand processed meat. Increases in the supply of beef \nand goat meat could be attributed to destocking, \nfollowing the depletion of pastures due to the low \nrainfall received during the 2014/15 agricultural \nseason. \nLoans & Advances\n82.47%\nBills \nDiscounted\n0.78%\nBankers \nacceptances\n0.90%\nOther \ninvestments\n3.93%\nMortgages\n11.92%Figure 5: Credit to Private Sector\nFigure 5: Credit to Private SectorMay 2015\nMay 2015\n-4\n-3\n-2\n-1\n0\n1\n2\n3\n4\n5\n6\nMay-13\nJun-13\nJul-13\nAug-13\nSep-13\nOct-13\nNov-13\nDec-13\nJan-14\nFeb-14\nMar-14\nApr-14\nMay-14\nJun-14\nJul-14\nAug-14\nSep-14\nOct-14\nNov-14\nDec-14\nJan-15\nFeb-15\nMar-15\nApr-15\nMay-15\nJun-15\nFigure 6: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n \n \nMONTHLY ECONOMIC REVIEW \n5 \n \nAnnual non-food inflation stood at -2.6% in May \n2015, down from -2.5% in April 2015. The decline \nwas \nmainly \non \nthe back \nof \ndecreases in \ncommunication; housing, water, electricity, gas & \nother fuels; education; furniture and equipment; \ntransport and clothing and footwear, among others. \nThis could be attributed to slackening aggregate \ndemand as incomes fall, on the back of continuing job \nlosses resulting from company downsizing and \nclosures. \nPartially offsetting the decreases in the annual non-\nfood inflation were increases in alcoholic beverages \nand tobacco and health services. \n \nMonthly Inflation \nMonth-on-month inflation remained in negative \nterritory, increasing to -0.19% in May 2015, from \n-0.89% in April 2015. Increases in both food and non-\nfood inflation were registered during the period under \nreview. \nMonth-on-month food inflation rose to -0.4% in May \n2015, from -0.6% in April 2015. Similarly, monthly \nnon-food inflation accelerated to -0.1% in May 2015, \nfrom -1.0% in April 2015, driven by increases in \nhousing, water, electricity, gas and other fuels and \nhealth services. Declines in clothing and footwear; \nfurniture and household equipment; transport and \nalcoholic beverages and tobacco, however, partially \noffset the increases. \nIn the short term, domestic prices are expected to \nremain subdued as reflected by the trend of the \nquarterly annualized inflation, which has been in \nnegative territory since July 2014 \n \n \n \n \n \nNATIONAL PAYMENTS SYSTEM \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through the \nRTGS system in May 2015 decreased by 12% to \nUS$3.5 billion, from US$3.9 billion recorded in April \n2015. During the same period, the volume of \ntransactions registered a decline of -0.3%, from \n180,335 to 179,761. \nSource: Reserve Bank of Zimbabwe, 2015 \n \nCard Based Transactions \nThe total value of card based transactions increased \nfrom US$433.66 million in April 2015, to US$455.4 \nmillion in May 2015. \n \nMobile and Internet Based Transactions \nThe total value of mobile and internet based \ntransactions increased from US$453.61 million in \nApril 2015, to US$514.5 million in May 2015. \n \n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nMay-12\nSep-12\nJan-13\nMay-13\nSep-13\nJan-14\nMay-14\nSep-14\nJan-15\nMay-15\n -\n 50\n 100\n 150\n 200\n 250\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 7: Z\nFigure 7: ZETSS Volumes and Values\nValues\nVolume\nValue\n \n \nMONTHLY ECONOMIC REVIEW \n6 \n \nCheque Transactions \nIn terms of value, cheque transactions stood at, \nUS$13.08 million, an increase from US$10.81 \nmillion recorded in April 2015. \n \nRESERVE BANK OF ZIMBABWE \nJune 2015\n \n \n7 \n \nMONTHLY ECONOMIC REVIEW \nStatistical Tables \n \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 9 \n \n1.2 Broad Money Survey \n \n \n \n \n \n10 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n11 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n12 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 13 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n14 \n \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n15 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n16 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n17 \n \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n18 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n19 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n20 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n21 \n \n7.2 Liabilities \n \n \n \n \n \n \n22 \n \n \nMONTHLY ECONOMIC REVIEW \n8 \n \n \n8. Merchant Banks \n \n8.1 Assets \n \n \n \n \n \n \n \n23 \n \n8.2 Liabilities \n \n \n \n \n \n \n24 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n25 \n \n9.2 Liabilities \n \n \n \n \n \n \n26 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n27 \n \n11. Savings with Financial Institutions \n \n \n \n \n28 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n29 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n30 \n \n13.2 Volumes of Transactions \n \n \n \n \n31 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n9 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \nMay\nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nFebruary\nMarch\nApril\nMay\nBond Coins\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n298.6\n567.1\n1,096.7\n1,294.0\n1,749.3\n2,316.7\nRBZ Demand Deposits\n71.9\n96.6\n95.9\n95.8\n93.7\n94.4\n94.0\n144.5\n714.7\n898.5\n545.0\n491.6\n340.2\nComm. Banks Dem. Deposits\n2,173,283.2\n2,120,102.4\n2,011,296.3\n2,084,005.9\n2,089,784.7\n2,162,566.6\n2,124,944.0\n2,121,401.6\n1,967,789.9\n1,978,595.1\n2,051,081.7\n1,990,235.2\n2,017,918.3\nMerchant Banks Dem. Deposits\n42,779.8\n42,779.8\n42,560.1\n36,379.5\n40,922.6\n39,909.5\n39,446.4\n36,942.7\n39,049.7\n38,382.5\n68,611.1\n63,935.0\n63,899.2\nM1\n2,216,134.9\n2,162,978.8\n2,053,952.3\n2,120,481.2\n2,130,801.0\n2,202,570.5\n2,164,484.4\n2,158,787.4\n2,008,121.3\n2,018,972.8\n2,121,531.8\n2,056,411.0\n2,084,474.4\nComm. Banks Savings Deposits\n223,445.3\n253,857.5\n236,942.8\n256,908.6\n272,392.1\n252,758.2\n250,745.7\n267,179.5\n282,832.4\n240,444.7\n230,198.0\n267,921.4\n275,167.8\nBuilding Soc. Savings Deposits\n241,398.4\n234,278.6\n228,203.4\n232,305.6\n230,155.7\n236,100.8\n253,699.7\n236,423.8\n233,498.2\n238,848.9\n244,746.0\n256,526.3\n280,947.9\nP O S B Savings Deposits\n64,831.6\n68,218.1\n68,388.5\n68,651.3\n68,147.5\n65,414.5\n70,142.9\n69,601.1\n70,144.8\n72,839.1\n75,993.4\n74,678.1\n71,195.6\nComm. Banks U-30 Day Deposits\n685,132.2\n669,439.9\n596,373.1\n629,496.8\n651,068.5\n686,998.0\n630,856.1\n654,559.9\n638,395.6\n574,946.1\n645,401.5\n607,334.3\n670,242.5\nMerchant Banks U-30 Day Deposits\n34,572.1\n33,202.1\n33,787.2\n40,442.4\n33,929.0\n33,679.6\n33,288.9\n31,176.0\n40,928.2\n40,362.2\n12,132.4\n0.0\n0.0\nBuilding Soc. U- 30 Day Deposits\n164,622.3\n175,432.1\n113,937.3\n126,458.5\n149,478.7\n116,270.3\n113,090.1\n144,211.5\n127,399.4\n149,834.6\n152,280.6\n189,428.7\n175,953.7\nM2\n3,630,137.0\n3,597,407.0\n3,331,584.7\n3,474,744.4\n3,535,972.5\n3,593,792.1\n3,516,307.8\n3,561,939.1\n3,401,319.9\n3,336,248.4\n3,482,283.7\n3,452,299.9\n3,557,981.9\nComm. Banks O-30 Day Deposits\n438,431.5\n489,568.8\n577,592.3\n516,231.3\n540,278.5\n492,200.3\n508,747.2\n449,703.8\n544,421.5\n597,685.2\n503,769.1\n618,804.9\n536,216.7\nMerchant Banks O-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n233,243.8\n212,224.9\n287,853.4\n304,479.1\n280,499.3\n337,930.1\n359,491.3\n365,334.8\n366,978.6\n375,166.9\n355,362.1\n340,739.4\n364,490.5\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\nP O S B Time Deposits\n12,651.5\n13,098.6\n15,773.0\n15,354.3\n20,485.8\n22,070.6\n19,652.7\n15,174.4\n16,138.8\n17,519.8\n17,638.5\n15,733.8\n18,011.8\nM3\n4,325,730.4\n4,323,565.9\n4,224,069.9\n4,322,075.8\n4,388,502.7\n4,457,259.7\n4,415,465.6\n4,403,418.7\n4,340,125.3\n4,337,886.9\n4,370,320.0\n4,438,844.6\n4,487,967.5\n2014\n2015\nTABLE 1.1 : MONETARY AGGREGATES\n US$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n10 \n \n \nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nNET FOREIGN ASSETS \n-585,616.7\n-595,417.7\n-701,074.2\n-627,733.6\n-536,234.0\n-598,846.1\n-767,824.4\n-719,401.4\n-714,190.6\n-763,306.5\n-565,959.3\n-636,028.1\n-681,066.5\n Assets\n1,190,209.8\n1,126,637.1\n1,027,150.0\n1,079,627.1\n1,105,902.8\n999,042.7\n827,514.2\n896,179.7\n830,959.4\n737,833.5\n816,079.6\n755,493.4\n811,200.4\n Reserve Bank (RBZ)\n410,904.2\n374,556.5\n327,295.3\n411,681.6\n620,484.9\n508,155.9\n334,534.3\n363,181.1\n356,661.9\n280,889.9\n282,170.1\n282,900.6\n303,218.6\n Deposit Money Banks (DMBs) \n700,802.8\n685,339.5\n623,693.1\n604,460.0\n414,981.4\n432,341.0\n416,989.8\n463,112.7\n405,880.7\n400,473.5\n469,563.3\n424,368.1\n418,721.9\n Other Banking Institutions (OBIs) \\1\n78,502.7\n66,741.0\n76,161.6\n63,485.5\n70,436.5\n58,545.8\n75,990.2\n69,886.0\n68,416.9\n56,470.0\n64,346.2\n48,224.7\n89,260.0\n Liabilities \\2\n-1,775,826.5\n-1,722,054.8\n-1,728,224.2\n-1,707,360.7\n-1,642,136.8\n-1,597,888.8\n-1,595,338.6\n-1,615,581.1\n-1,545,150.0\n-1,501,140.0\n-1,382,038.9\n-1,391,521.5\n-1,492,266.9\n RBZ\n1,152,736.3\n1,141,906.4\n1,136,091.5\n1,117,663.4\n1,037,740.5\n1,035,611.2\n1,030,053.8\n1,020,936.5\n1,007,096.0\n1,009,161.8\n858,095.4\n894,207.5\n868,931.4\n DMBs\n598,403.2\n545,347.3\n562,067.8\n553,968.9\n550,158.8\n508,060.2\n510,711.1\n540,423.0\n483,463.5\n438,356.5\n473,182.2\n448,998.0\n574,792.7\n OBIs\n24,687.0\n34,801.1\n30,065.0\n35,728.4\n54,237.5\n54,217.5\n54,573.7\n54,221.6\n54,590.6\n53,621.8\n50,761.3\n48,315.9\n48,542.8\nNET DOMESTIC ASSETS \n4,911,347.2\n4,918,983.6\n4,925,144.1\n4,949,809.4\n4,924,736.6\n5,056,105.8\n5,183,290.0\n5,122,820.1\n5,054,316.0\n5,101,193.5\n4,936,279.4\n5,074,872.7\n5,169,034.0\nDOMESTIC CREDIT\n4,138,311.2\n4,174,067.9\n4,205,226.6\n4,234,468.5\n4,267,182.2\n4,331,335.1\n4,352,932.2\n4,378,653.6\n4,231,495.4\n4,249,052.3\n4,371,027.6\n4,529,777.2\n4,817,875.2\n Claims on Government (net) \n468,461.4\n498,617.0\n423,988.3\n437,473.4\n442,435.9\n470,504.6\n462,425.7\n515,636.4\n544,026.1\n549,179.2\n537,675.3\n665,258.8\n950,594.0\n RBZ\n-1,178.9\n-1,179.1\n-46,158.3\n-25,974.8\n-35,915.4\n-14,433.2\n-14,031.5\n-25,063.7\n-12,594.0\n-12,908.0\n-22,274.1\n98,377.6\n97,847.8\n DMBs\n429,476.7\n459,632.5\n429,983.1\n411,866.1\n426,769.3\n433,084.8\n443,478.0\n487,962.9\n504,696.7\n510,080.3\n500,344.5\n498,836.6\n784,428.5\n OBIs\n40,163.5\n40,163.5\n40,163.5\n51,582.0\n51,582.0\n51,852.9\n32,979.1\n52,737.2\n51,923.4\n52,007.0\n59,604.9\n68,044.6\n68,317.8\n Claims on Public Enterprises \n78,383.6\n73,173.2\n77,393.8\n70,324.8\n72,390.6\n72,375.0\n66,661.0\n66,750.2\n64,967.7\n68,944.3\n71,543.2\n102,474.3\n104,306.3\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n737.3\n1,087.1\n DMBs\n78,383.6\n73,173.2\n77,393.8\n70,324.8\n72,390.6\n72,375.0\n66,661.0\n66,750.2\n64,967.7\n68,944.3\n69,816.8\n100,742.9\n102,436.0\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n78,383.6\n73,173.2\n77,393.8\n70,324.8\n72,390.6\n72,375.0\n66,661.0\n66,750.2\n64,967.7\n68,944.3\n69,816.8\n100,742.9\n102,436.0\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n1,726.4\n994.2\n783.2\n Claims on Private Sector\n3,591,466.2\n3,602,277.7\n3,703,844.6\n3,726,670.4\n3,752,355.7\n3,788,455.5\n3,823,845.6\n3,796,267.1\n3,622,501.6\n3,630,928.8\n3,761,809.1\n3,762,044.1\n3,762,974.9\n RBZ\n34,745.1\n34,725.3\n34,725.3\n34,725.3\n34,725.3\n34,725.3\n34,725.3\n34,725.3\n34,725.3\n34,725.3\n31,409.0\n31,558.0\n31,155.6\n DMBs\n2,956,036.4\n2,955,853.5\n3,013,188.5\n3,016,709.8\n3,021,389.7\n3,016,750.9\n3,036,795.2\n3,010,101.6\n2,835,002.6\n2,824,415.9\n2,960,892.4\n2,948,993.7\n2,960,917.8\n OBIs\n600,684.7\n611,698.9\n655,930.8\n675,235.3\n696,240.7\n736,979.3\n752,325.1\n751,440.3\n752,773.8\n771,787.7\n769,507.7\n781,492.4\n770,901.6\nOTHER ITEMS (NET) \n773,035.9\n744,915.7\n719,917.4\n715,340.8\n657,554.4\n724,770.7\n830,357.8\n744,166.4\n822,820.5\n852,141.2\n565,251.8\n545,095.4\n351,158.7\nBROAD MONEY (M3) \n4,325,730.5\n4,323,565.9\n4,224,069.9\n4,322,075.8\n4,388,502.6\n4,457,259.7\n4,415,465.6\n4,403,418.7\n4,340,125.3\n4,337,887.0\n4,370,320.1\n4,438,844.6\n4,487,967.5\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n2015\n2014\n \n \nMONTHLY ECONOMIC REVIEW \n11 \n \n \n \n \n \n \n \nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nNET FOREIGN ASSETS \n110,226.8\n-9,801.0\n-105,656.4\n73,340.6\n91,499.6\n-62,612.2\n-168,978.3\n48,423.1\n5,210.8\n-49,115.9\n197,347.2\n-70,068.7\n-45,038.4\n Assets\n126,605.3\n-63,572.7\n-99,487.0\n52,477.1\n26,275.7\n-106,860.1\n-171,528.5\n68,665.5\n-65,220.3\n-93,125.9\n78,246.1\n-60,586.2\n55,707.0\n Reserve Bank (RBZ)\n51,044.8\n-36,347.7\n-47,261.2\n84,386.3\n208,803.3\n-112,329.0\n-173,621.7\n28,646.8\n-6,519.2\n-75,771.9\n1,280.1\n730.6\n20,317.9\n Deposit Money Banks (DMBs)\n72,237.8\n-15,463.3\n-61,646.4\n-19,233.1\n-189,478.6\n17,359.6\n-15,351.2\n46,122.9\n-57,232.0\n-5,407.1\n69,089.7\n-45,195.2\n-5,646.2\n Other Banking Institutions (OBIs) \\1\n3,322.7\n-11,761.7\n9,420.6\n-12,676.1\n6,951.0\n-11,890.7\n17,444.4\n-6,104.2\n-1,469.1\n-11,946.9\n7,876.2\n-16,121.6\n41,035.3\n Liabilities \\2\n-16,378.5\n53,771.7\n-6,169.4\n20,863.4\n65,223.9\n44,248.0\n2,550.2\n-20,242.5\n70,431.1\n44,010.0\n119,101.1\n-9,482.6\n-100,745.5\n RBZ\n-2,727.0\n-10,829.9\n-5,814.9\n-18,428.0\n-79,922.9\n-2,129.4\n-5,557.4\n-9,117.3\n-13,840.5\n2,065.8\n-151,066.4\n36,112.1\n-25,276.1\n DMBs\n19,309.6\n-53,055.9\n16,720.4\n-8,098.8\n-3,810.2\n-42,098.6\n2,651.0\n29,711.9\n-56,959.6\n-45,107.0\n34,825.7\n-24,184.2\n125,794.7\n OBIs\n-204.2\n10,114.1\n-4,736.2\n5,663.4\n18,509.2\n-20.0\n356.2\n-352.1\n369.0\n-968.8\n-2,860.4\n-2,445.4\n226.9\nNET DOMESTIC ASSETS \\3\n-14,954.9\n7,636.5\n6,160.4\n24,665.3\n-25,072.8\n131,369.2\n127,184.2\n-60,469.9\n-68,504.1\n46,877.5\n-164,914.1\n138,593.3\n94,161.3\nDOMESTIC CREDIT\n-11,826.2\n35,756.7\n31,158.7\n29,241.9\n32,713.7\n64,152.8\n21,597.2\n25,721.4\n-147,158.2\n17,556.9\n121,975.3\n158,749.6\n288,098.0\n Claims on Government (net) \n-8,455.9\n30,155.7\n-74,628.7\n13,485.1\n4,962.5\n28,068.6\n-8,078.9\n53,210.7\n28,389.7\n5,153.1\n-11,503.9\n127,583.5\n285,335.2\n RBZ\n0.0\n-0.2\n-44,979.3\n20,183.6\n-9,940.6\n21,482.2\n401.6\n-11,032.2\n12,469.7\n-314.0\n-9,366.0\n120,651.7\n-529.8\n DMBs\n-8,455.9\n30,155.8\n-29,649.5\n-18,117.0\n14,903.2\n6,315.6\n10,393.2\n44,484.8\n16,733.8\n5,383.6\n-9,735.8\n-1,507.9\n285,591.8\n OBIs\n0.0\n0.0\n0.0\n11,418.5\n0.0\n270.8\n-18,873.7\n19,758.1\n-813.8\n83.5\n7,597.9\n8,439.7\n273.1\n Claims on Public Enterprises \n90.9\n-5,210.4\n4,220.6\n-7,069.0\n2,065.8\n-15.6\n-5,714.0\n89.2\n-1,782.4\n3,976.6\n2,598.9\n30,931.2\n1,832.0\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n737.3\n349.8\n DMBs\n90.9\n-5,210.4\n4,220.6\n-7,069.0\n2,065.8\n-15.6\n-5,714.0\n89.2\n-1,782.4\n3,976.6\n872.5\n30,926.1\n1,693.1\n Agri-PEs\n-6,898.8\n-6,908.9\n-1,516.3\n-1,511.0\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n-1,518.5\n-1,519.5\n-1,520.5\n-1,521.5\n Other\n6,989.7\n1,698.5\n5,736.8\n-5,558.0\n3,580.4\n1,499.9\n-4,198.5\n1,605.7\n-264.9\n5,495.1\n2,392.0\n32,446.6\n3,214.7\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n1,726.4\n-732.2\n-211.0\n Claims on Private Sector\n-3,461.1\n10,811.4\n101,566.9\n22,825.8\n25,685.3\n36,099.8\n35,390.1\n-27,578.5\n-173,765.5\n8,427.2\n130,880.3\n234.9\n930.9\n RBZ\n0.0\n-19.8\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n-3,316.3\n149.0\n-402.4\n DMBs\n-12,524.1\n-182.9\n57,335.0\n3,521.2\n4,680.0\n-4,638.8\n20,044.3\n-26,693.6\n-175,099.0\n-10,586.7\n136,476.5\n-11,898.7\n11,924.1\n OBIs\n9,063.0\n11,014.2\n44,231.9\n19,304.6\n21,005.3\n40,738.6\n15,345.8\n-884.9\n1,333.5\n19,013.9\n-2,280.0\n11,984.7\n-10,590.8\nOTHER ITEMS (NET) \n-3,128.7\n-28,120.2\n-24,998.3\n-4,576.6\n-57,786.4\n67,216.3\n105,587.1\n-86,191.4\n78,654.1\n29,320.6\n-286,889.4\n-20,156.4\n-193,936.7\nBROAD MONEY (M3) \n95,271.9\n-2,164.5\n-99,496.0\n98,005.9\n66,426.9\n68,757.0\n-41,794.1\n-12,046.9\n-63,293.4\n-2,238.4\n32,433.1\n68,524.5\n49,122.9\n Broad Money (M3) \n2.3%\n-0.1%\n-2.3%\n2.3%\n1.5%\n1.6%\n-0.9%\n-0.3%\n-1.4%\n-0.1%\n0.7%\n1.57%\n1.11%\n Domestic Credit \n-0.3%\n0.9%\n0.7%\n0.7%\n0.8%\n1.5%\n0.5%\n0.6%\n-3.4%\n0.4%\n2.9%\n3.63%\n6.36%\n Claims on Private Sector\n-0.1%\n0.3%\n2.8%\n0.6%\n0.7%\n1.0%\n0.9%\n-0.7%\n-4.6%\n0.2%\n3.6%\n0.01%\n0.02%\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n2014\n2015\n \n \nMONTHLY ECONOMIC REVIEW \n12 \n \n \nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nNET FOREIGN ASSETS \n-97,000.4\n174,984.2\n121,341.3\n256,709.5\n278,254.4\n251,490.3\n233,974.4\n90,771.0\n132,431.5\n36,127.1\n250,879.1\n59,815.5\n-95,449.8\n Assets\n124,519.6\n132,134.9\n59,355.9\n147,638.2\n30,394.8\n4,716.6\n-29,140.7\n-145,986.2\n-178,961.3\n-294,685.4\n-205,308.8\n-308,111.1\n-379,009.3\n Reserve Bank (RBZ)\n-60,760.6\n-87,240.5\n-35,011.5\n124,065.4\n275,699.8\n185,705.6\n69,707.4\n24,693.2\n1,841.7\n-84,185.9\n-74,987.2\n-76,958.8\n-107,685.7\n Deposit Money Banks (DMBs)\n153,245.8\n197,101.5\n87,011.4\n37,263.5\n-248,474.2\n-168,281.7\n-114,069.3\n-180,447.4\n-204,438.1\n-219,094.2\n-115,561.0\n-204,196.9\n-282,081.0\n Other Banking Institutions (OBIs) \\1\n32,034.3\n22,274.0\n7,356.1\n-13,690.7\n3,169.2\n-12,707.3\n15,221.1\n9,767.9\n23,635.1\n8,594.7\n-14,760.6\n-26,955.3\n10,757.3\n Liabilities \\2\n-221,520.0\n42,849.2\n61,985.4\n109,071.4\n247,859.6\n246,773.7\n263,115.2\n236,757.2\n311,392.8\n330,812.5\n456,187.9\n367,926.6\n283,559.6\n RBZ\n18,630.8\n3,844.4\n-7,035.3\n-22,202.4\n-108,893.9\n-114,916.2\n-117,925.2\n-129,214.3\n-141,597.9\n-142,138.7\n-294,509.5\n-261,255.8\n-283,804.9\n DMBs\n204,827.4\n-54,779.1\n-63,362.3\n-101,759.1\n-172,362.2\n-165,096.0\n-178,769.8\n-131,012.2\n-198,281.1\n-217,181.2\n-187,715.9\n-130,095.6\n-23,610.5\n OBIs\n-1,938.2\n8,085.5\n8,412.1\n14,890.2\n33,396.5\n33,238.5\n33,579.8\n23,469.3\n28,486.1\n28,507.4\n26,037.5\n23,424.8\n23,855.8\nNET DOMESTIC ASSETS \\3\n404,589.2\n310,374.5\n247,806.9\n269,129.6\n199,588.8\n254,086.5\n374,380.8\n380,322.6\n319,048.5\n279,980.3\n25,501.8\n148,570.5\n257,686.8\nDOMESTIC CREDIT\n267,298.2\n238,021.8\n238,960.1\n245,653.9\n260,891.3\n252,119.7\n261,621.9\n309,956.1\n245,588.9\n134,866.3\n190,918.6\n379,639.8\n679,564.0\n Claims on Government (net) \n256,239.5\n292,427.5\n191,715.5\n203,355.4\n213,821.1\n170,818.5\n130,627.9\n157,639.0\n185,227.8\n122,671.7\n47,442.1\n188,341.5\n482,132.6\n RBZ\n0.8\n649.4\n-42,670.8\n-24,732.7\n-34,718.8\n-12,964.3\n-12,843.3\n-23,881.4\n-11,412.3\n-11,726.2\n-21,094.5\n99,556.4\n99,026.6\n DMBs\n236,596.5\n271,848.2\n214,456.4\n196,739.8\n217,191.5\n152,163.6\n150,725.7\n168,946.7\n184,880.3\n122,554.5\n49,095.3\n60,904.0\n354,951.8\n OBIs\n19,642.1\n19,929.9\n19,929.9\n31,348.4\n31,348.4\n31,619.3\n-7,254.5\n12,573.7\n11,759.9\n11,843.4\n19,441.3\n27,881.1\n28,154.2\n Claims on Public Enterprises \n14,778.7\n9,544.5\n15,219.5\n9,961.8\n12,580.8\n12,950.8\n5,816.2\n6,105.2\n4,414.7\n8,255.0\n-7,984.8\n24,181.6\n25,922.7\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n737.3\n1,087.1\n DMBs\n14,778.7\n9,544.5\n15,219.5\n9,961.8\n12,580.8\n12,950.8\n5,816.2\n6,105.2\n4,414.7\n8,255.0\n-9,711.2\n22,450.1\n24,052.3\n Agri-PEs\n-5,259.3\n-5,260.3\n-5,261.3\n-5,262.3\n-5,263.3\n-5,003.2\n-5,004.2\n-5,005.2\n-7,246.8\n-7,246.8\n-6,896.5\n-6,898.8\n-6,908.9\n Other\n20,038.0\n14,804.8\n20,480.8\n15,224.1\n17,844.1\n17,954.0\n10,820.4\n11,110.4\n11,661.5\n15,501.8\n-2,814.7\n29,348.9\n30,961.2\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n1,726.4\n994.2\n783.2\n Claims on Private Sector\n-3,720.0\n-63,950.1\n32,025.1\n32,336.7\n34,489.5\n68,350.4\n125,177.8\n146,211.9\n55,946.4\n3,939.6\n151,461.2\n167,116.7\n171,508.7\n RBZ\n-5,383.7\n-5,403.6\n-1,420.9\n-1,421.9\n-1,387.4\n-394.8\n-390.8\n-390.8\n-390.8\n-390.8\n-3,336.1\n-3,187.1\n-3,589.5\n DMBs\n-107,645.2\n-169,498.5\n-120,335.1\n-142,682.7\n-121,001.5\n-124,890.6\n-69,400.6\n-43,543.7\n-120,031.2\n-192,169.1\n-33,095.8\n-19,566.9\n4,881.3\n OBIs\n109,308.9\n110,951.9\n153,781.1\n176,441.3\n156,878.5\n193,635.8\n194,969.2\n190,146.4\n176,368.4\n196,499.5\n187,893.1\n189,870.6\n170,216.9\nOTHER ITEMS (NET) \n137,290.9\n72,352.6\n8,846.8\n23,475.6\n-61,302.5\n1,966.8\n112,758.9\n70,366.5\n73,459.6\n145,114.0\n-165,416.8\n-231,069.3\n-421,877.2\nBROAD MONEY (M3) \n307,589.0\n485,358.6\n369,148.2\n525,839.1\n477,843.2\n505,576.8\n608,355.2\n471,093.6\n451,480.0\n316,107.4\n276,380.8\n208,386.1\n162,237.0\nGROWTH RATES\n Broad Money (M3) \n7.7%\n12.6%\n9.6%\n13.9%\n12.2%\n12.8%\n16.0%\n12.0%\n11.6%\n7.9%\n6.8%\n4.9%\n3.8%\n Domestic Credit \n6.9%\n6.0%\n6.0%\n6.2%\n6.5%\n6.2%\n6.4%\n7.6%\n6.2%\n3.3%\n4.6%\n9.1%\n16.4%\n Claims on Private Sector\n-0.1%\n-1.7%\n0.9%\n0.9%\n0.9%\n1.8%\n3.4%\n4.0%\n1.6%\n0.1%\n4.2%\n4.6%\n4.8%\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n$ Thousands\n2014\n2015\n \n \nMONTHLY ECONOMIC REVIEW \n13 \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2013 \nJan\n450,170.0\n31,073.4\n38,762.3\n426,050.9\n11,967.9\n31,547.4\n417,961.3\n144,645.1\n237,323.7\n33,906.5\n300,841.1\n9,373.1\n2,133,622.7\nFeb \n494,536.6\n33,786.9\n28,372.0\n439,556.7\n14,811.4\n33,948.5\n409,692.7\n128,242.7\n303,269.9\n38,235.9\n298,171.5\n3,685.5\n2,226,310.2\nMar\n467,874.0\n41,532.7\n68,987.2\n433,337.1\n16,118.8\n34,704.7\n471,204.9\n159,925.7\n307,134.7\n44,413.6\n370,123.5\n4,491.7\n2,419,848.6\nApr\n455,178.9\n43,628.2\n23,433.4\n428,381.7\n14,997.8\n35,589.1\n444,798.7\n135,046.2\n288,857.6\n45,643.6\n377,037.0\n7,693.7\n2,300,585.8\nMay\n484,635.0\n38,637.2\n27,795.2\n455,737.9\n14,699.1\n35,106.1\n465,890.2\n115,457.8\n301,547.9\n52,075.2\n382,172.8\n5,034.0\n2,378,788.7\nJun\n489,730.1\n37,474.3\n38,198.7\n425,521.3\n7,310.7\n53,815.0\n454,368.5\n110,349.9\n295,432.3\n51,453.6\n385,769.7\n11,033.4\n2,360,457.5\nJul\n483,103.7\n40,342.5\n33,494.3\n464,921.7\n6,869.2\n38,522.6\n541,025.9\n116,557.1\n307,117.5\n48,218.0\n426,582.7\n4,455.3\n2,511,210.5\nAug\n521,743.0\n38,889.1\n43,894.5\n425,531.4\n7,260.6\n39.087.2\n451,871.2\n110,041.8\n346,006.0\n40,216.0\n374,587.1\n9,914.6\n2,409,042.5\nSep\n496,289.3\n39,446.9\n38,856.6\n447,247.2\n13,953.5\n43,006.7\n437,211.9\n118,873.7\n330,709.6\n40,046.6\n373,596.8\n9,790.6\n2,389,029.4\nOct\n491,610.6\n38,871.5\n39,766.0\n471,966.2\n8,023.3\n40,835.3\n420,445.3\n110,778.3\n417,411.6\n36,334.1\n376,463.1\n9,861.9\n2,462,367.3\nNov\n487,289.4\n40,321.7\n42,332.0\n488,637.3\n3,116.5\n36,852.0\n417,162.5\n117,050.8\n389,727.1\n39,126.4\n369,190.3\n17,960.5\n2,448,766.4\nDec\n533,165.2\n42,285.1\n17,617.9\n435,613.1\n5,047.0\n62,165.8\n389,181.2\n115,404.6\n379,809.3\n37,409.1\n369,838.8\n18,252.9\n2,405,790.0\n2014 \nJan\n489,585.3\n43,743.8\n18,574.7\n464,097.6\n5,467.4\n48,086.1\n362,554.0\n116,635.5\n412,901.1\n37,722.2\n367,126.2\n16,773.1\n2,383,267.1\nFeb \n519,154.6\n38,918.1\n24,765.4\n460,528.2\n10,397.3\n47,488.6\n385,038.1\n116,670.5\n401,619.6\n32,978.1\n396,800.8\n8,542.7\n2,442,902.1\nMar\n503,868.1\n42,707.9\n35,785.1\n494,663.8\n5,257.4\n52,722.0\n374,809.1\n116,653.0\n396,000.6\n38,089.3\n406,503.1\n15,833.1\n2,482,892.7\nApr\n540,156.2\n40,707.1\n18,138.9\n502,514.1\n9,898.6\n18,817.9\n407,595.0\n175,048.3\n447,549.2\n49,619.1\n511,048.2\n15,136.7\n2,736,229.2\nMay\n546,733.9\n41,594.2\n21,547.9\n488,389.7\n10,073.8\n23,049.1\n396,846.0\n184,730.9\n452.373.8\n51,891.8\n512,864.5\n17,718.8\n2,747,814.6\nJun\n536,188.9\n46,085.8\n28,201.0\n500,266.1\n10,656.3\n25,616.2\n417,002.7\n197,441.1\n432,692.4\n46,751.6\n499,191.5\n17,173.9\n2,757,267.4\nJul\n575,645.3\n43,055.0\n28,090.8\n480,483.6\n6,359.2\n27,284.9\n428,611.4\n206,052.3\n479,384.6\n49,260.4\n507,930.0\n46,148.1\n2,878,305.8\nAug\n548,866.7\n56,886.1\n38,891.3\n498,696.8\n54,387.2\n110,618.5\n422,942.5\n221,099.2\n430,156.3\n48,167.0\n474,060.2\n37,230.9\n2,942,002.7\nSep\n539,818.8\n51,349.1\n29,191.8\n493,610.7\n51,999.0\n109,975.0\n428,697.3\n201,791.6\n451,117.2\n45,100.0\n539,108.1\n36,708.6\n2,978,467.1\nOct\n530,544.7\n62,891.8\n55,922.5\n507,936.4\n50,701.1\n101,818.5\n436,519.1\n196,491.0\n413,443.5\n39,088.3\n520,437.0\n5,799.4\n2,921,593.2\nNov\n574,859.5\n58,780.5\n46,419.5\n460,989.3\n50,008.6\n120,510.4\n453,924.5\n208,418.3\n413,410.7\n45,289.6\n540,638.4\n5,976.9\n2,979,226.2\nDec\n565,840.1\n46,298.5\n42,604.8\n437,975.3\n47,805.8\n88,485.5\n478,895.5\n220,501.3\n481,497.5\n43,449.8\n543,038.5\n5,957.7\n3,002,529.6\n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nFeb\n538,722.0\n42,062.8\n47,395.1\n446,647.8\n21,790.0\n117,681.6\n461,237.6\n214,420.4\n463,884.6\n48,357.0\n544,838.5\n1,416.2\n2,948,453.6\nMar\n549,118.0\n42,010.1\n44,087.2\n448,278.7\n76,302.3\n110,180.3\n473,978.1\n203,327.9\n466,104.7\n48,938.0\n550,140.6\n1,339.6\n3,013,805.6\nApr\n556,457.4\n30,687.3\n44,546.9\n451,852.9\n65,696.1\n72,653.7\n457,797.1\n202,418.2\n518,353.6\n47,653.8\n551,662.8\n990.1\n3,000,770.0\nMay\n577,258.6\n31,400.7\n44,839.1\n456,652.1\n64,792.3\n75,682.2\n460,700.3\n192,377.2\n545,363.4\n50,061.9\n561,058.3\n1,034.4\n3,061,220.5\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\n$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n14 \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS\nORGANISATIONS\n2013\nJANUARY\n91,648.8\n48,329.1\n128,426.0\n351,566.7\n212,401.7\n494,823.6\n252,389.7\n93,470.0\n658,260.1\n44,091.4\n512,289.8\n32,145.9\n2,919,842.6\nFEBRUARY\n96,796.5\n48,491.5\n147,571.5\n360,757.9\n147,995.9\n578,306.4\n284,603.8\n64,530.5\n679,554.8\n41,983.6\n516,431.2\n25,275.3\n2,991.999.1\nMARCH\n96,752.8\n44,883.3\n139,327.8\n354,627.8\n155,915.2\n610,758.4\n290,072.8\n87,143.0\n594,397.7\n38,345.5\n523,913.8\n141,404.6\n3,077,542.7\nAPRIL\n98,671.0\n49,093.8\n152,390.8\n350,269.2\n166,578.5\n545,118.2\n311,310.8\n105,766.9\n638,341.8\n39,837.1\n533,691.3\n99,053.9\n3,090,123.4\nMAY\n114,053.3\n55,427.4\n142,023.3\n389,384.7\n255,352.1\n484,429.7\n318,129.4\n92,777.2\n700,668.7\n46,593.8\n578,509.2\n32,297.7\n3,209,646.5\nJUNE\n116,635.2\n58,578.8\n147,313.8\n447,394.5\n183,146.3\n352,600.3\n366,824.2\n96,685.8\n701,195.7\n46,578.5\n597,373.1\n104,843.6\n3,219,169.8\nJULY\n108,086.6\n46,449.5\n120,982.3\n380,448.8\n178,341.4\n677,700.7\n301,575.9\n97,583.8\n710,856.1\n39,395.9\n487,954.4\n102,531.4\n3,251,906.9\nAUGUST\n137,107.1\n48,726.1\n135,788.5\n319,106.0\n174,593.9\n637,190.7\n333,255.3\n99,194.1\n639,401.6\n41,996.5\n417,762.6\n93,772.1\n3,077,894.4\nSEPTEMBER\n100,028.3\n57,039.8\n145,652.5\n380,781.4\n207,379.2\n612,131.5\n408,359.1\n103,872.8\n795,047.6\n46,982.9\n435,912.4\n90,265.8\n3,383,453.4\nOCTOBER\n94,346.3\n52,722.4\n141,401.4\n338,625.9\n223,223.8\n754,145.4\n339,305.6\n99,583.3\n754,116.1\n41,527.2\n440,197.9\n97,771.1\n3,376,966.4\nNOVEMBER\n114,178.7\n47,740.9\n128,399.3\n312,639.2\n241,628.8\n741,885.4\n283,426.0\n80,507.6\n727,492.5\n42,901.0\n458,479.9\n89,292.5\n3,268,571.8\nDECEMBER\n113,914.2\n51,981.7\n142,938.1\n342,785.1\n213,125.2\n755,299.4\n327,658.1\n83,103.1\n762,884.4\n41,827.9\n432,436.3\n61,038.7\n3,328,992.1\n2014\nJANUARY\n130,154.6\n53,292.9\n146,876.1\n353,793.8\n259,569.6\n731,703.3\n304,033.2\n93,776.7\n770,435.4\n40,085.9\n485,573.1\n60,897.7\n3,430,192.5\nFEBRUARY\n138,812.3\n55,092.2\n134,813.9\n420,181.0\n262,183.8\n786,295.6\n270,062.5\n131,134.8\n779,640.3\n39,169.2\n508,813.7\n61,822.3\n3,588,021.6\nMARCH\n118,239.1\n55,167.5\n135,807.9\n382,675.5\n216,025.3\n791,776.0\n275,549.1\n103,298.7\n806,185.9\n42,432.8\n521,381.5\n72,990.9\n3,521,530.3\nAPRIL\n164,347.5\n59,289.3\n102,323.7\n408,823.5\n325,559.7\n780,207.0\n325,659.8\n135,187.4\n888,876.2\n43,746.5\n582,848.8\n82,009.8\n3,898,879.1\nMAY\n149,474.1\n60,669.4\n108,977.6\n355,802.3\n332,850.8\n800,256.8\n303,599.4\n132,132.8\n1,027,552.7\n38,921.0\n581,930.2\n93,334.9\n3,985,501.8\nJUNE\n194,685.1\n64,188.9\n95,595.6\n470,267.7\n291,594.6\n812,999.7\n348,303.5\n130,453.4\n895,698.0\n44,735.5\n575,149.1\n91,392.4\n4,015,063.5\nJULY\n163,335.6\n56,812.0\n87,587.5\n370,121.7\n303,367.3\n830,988.6\n334,436.8\n112,985.0\n880,761.1\n44,675.4\n587,756.7\n94,841.5\n3,867,669.2\nAUGUST\n128,794.1\n38,934.1\n90,012.5\n271,204.3\n270,009.9\n755,141.6\n236,267.5\n130,548.6\n865,566.6\n31,180.4\n467,724.2\n89,582.4\n3,374,966.2\nSEPTEMBER\n177,932.5\n56,444.5\n82,756.7\n315,956.8\n309,508.3\n951,593.4\n278,461.5\n174,497.9\n978,044.0\n47,792.7\n571,629.9\n103,464.8\n4,048,083.1\nOCTOBER\n158,421.7\n57,091.4\n83,973.9\n407,934.0\n308,028.8\n917,450.3\n266,690.9\n178,771.0\n936,336.2\n44,950.2\n613,425.1\n91,764.1\n4,064,837.5\nNOVEMBER\n140,908.6\n61,494.3\n93,114.0\n350,153.8\n313,668.7\n881,007.4\n271,049.9\n137,867.8\n955,760.6\n48,177.7\n641,405.3\n90,462.2\n3,985,070.2\nDECEMBER\n147,242.4\n60,358.1\n118,725.7\n328,729.5\n325,746.6\n950,304.9\n290,329.3\n118,977.8\n964,815.0\n47,574.3\n638,061.1\n92,040.8\n4,082,906.3\n2015\nJANUARY\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\nFEBRUARY\n151,740.1\n63,112.6\n109,807.6\n370,581.8\n314,944.7\n784,737.6\n309,307.9\n120,255.1\n1,028,160.1\n43,112.0\n606,650.6\n78,891.2\n3,981,301.2\nMARCH\n199,484.8\n63,709.2\n116,397.4\n378,460.0\n351,448.0\n762,380.7\n373,911.9\n99,744.6\n912,654.4\n42,478.9\n644,951.3\n72,605.2\n4,018,226.6\nAPRIL\n186,896.3\n65,974.0\n130,284.9\n380,884.8\n330,001.9\n799,952.4\n373,648.3\n109,735.0\n944,772.9\n44,964.9\n653,801.0\n75,850.9\n4,096,767.2\nMAY\n185,803.2\n73,167.5\n111,512.1\n523,774.7\n299,659.2\n801,335.5\n419,453.7\n113,355.0\n1,041,392.8\n50,057.9\n619,767.9\n71,388.8\n4,310,668.3\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n15 \n \n \n \n \n \n \n \n \nEnd Pe rio d\n19 9 9\n2 0 0 0\n2 0 0 1\n2 0 0 2\n2 0 0 3\n2 0 0 4\n2 0 0 5\n2 0 0 6\n2 0 0 7\n2 0 0 8\n2 0 0 9\n2 0 10\n2 0 11\n2 0 12\n2 0 13\n2 0 14\n( US $ millio ns )\nLo ng - Te rm Ext e rnal De b t\n3 ,53 0\n3 ,2 2 7\n3 ,2 55\n3 ,3 2 7\n3 ,6 4 4\n3 ,9 2 7\n3 ,8 0 5\n3 ,9 6 5\n4 ,0 3 2\n4 ,4 6 4\n4 ,9 51\n5,175\n6 ,0 9 6\n6 ,6 0 7\n7,3 70\n8 ,4 4 4\nGo ve rnme nt\n2 ,4 6 1\n2 ,2 4 9\n2 ,3 2 8\n2 ,3 76\n2 ,6 17\n2 ,8 4 4\n2 ,8 9 5\n3 ,0 2 4\n3 ,0 54\n3 ,4 6 4\n4 ,0 3 7\n4 ,0 9 5\n4 ,6 3 8\n4 ,9 2 9\n5,0 12\n4 ,52 2\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\nPub lic Ent e rp ris e s\n54 3\n53 4\n56 8\n6 16\n6 9 8\n714\n70 9\n76 6\n79 0\n8 2 5\n8 57\n9 3 8\n1,0 9 2\n1,19 8\n1,3 56\n1,6 6 1\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nM o ne t ary Aut ho rit ie s\n3 6 4\n2 9 2\n2 9 2\n2 79\n2 8 8\n2 9 1\n14 4\n13 0\n13 7\n14 0\n14 0\n13 8\n12 7\n12 5\n12 5\n12 0\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\nPrivat e\n16 2\n152\n6 7\n56\n4 1\n78\n57\n4 5\n51\n3 5\n57\n14 2\n3 6 6\n4 8 0\n1,0 0 2\n2 ,2 6 1\nS ho rt - Te rm Ext e rnal De b t\n53 2\n2 9 8\n16 7\n18 3\n16 9\n14 4\n173\n2 8 1\n3 8 7\n2 2 6\n1,19 8\n1,3 8 2\n1,2 8 9\n8 9 0\n1,56 4\n2 ,3 9 4\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\nTo t al Ext e rnal De b t\n4 ,0 6 2\n3 ,52 5\n3 ,4 2 2\n3 ,510\n3 ,8 12\n4 ,0 71\n3 ,9 78\n4 ,2 4 6\n4 ,4 19\n4 ,6 9 0\n6 ,14 9\n6 ,557\n7,3 8 5\n7,4 9 7\n8 ,9 3 4\n10 ,8 3 8\nGro s s Do me s t ic Pro d uc t\n5,990\n6,107\n10,887\n6,715\n5,037\n4,299\n2,918\n6,645\n4,000\n3,175\n8,157\n9,457\n10,956\n12,472\n13,490\n14,068\nExt e rnal De b t / GDP\n6 8 %\n57.7%\n3 1.4 %\n52 .3 %\n75.7%\n9 4 .7%\n13 6 .3 %\n6 3 .9 %\n110 .5%\n14 7.7%\n75.4 %\n6 9 .3 %\n6 7.4 %\n6 0 .1%\n6 6 .2 %\n77.0 %\nSOURCE: M inistry of Finance and Reserve Bank of Zimbabwe\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \nMONTHLY ECONOMIC REVIEW \n16 \n \n \nEnd Period\nNominal Lending Rates2\nIndividuals \nCorporate\n2014 \nJan\n6.00-35.00\n14.09 \n9.30 \nFeb \n6.00-35.00\n14.08 \n9.32 \nMar\n6.00-35.00\n14.24 \n9.27 \nApr\n6.00-35.00\n14.22 \n9.12 \nMay\n6.00-35.00\n14.39 \n9.25 \nJun\n6.00-35.00\n14.44 \n9.33 \nJul\n6.00-35.00\n14.33 \n9.45 \nAug\n6.00-35.00\n14.28 \n9.45 \nSep\n6.00-35.00\n14.45 \n9.57 \nOct\n6.00-35.00\n14.36 \n9.90 \nNov\n6.00-35.00\n14.26 \n9.97 \nDec\n6.00-35.00\n14.19 \n9.68 \n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \nFeb\n4.30-33.50\n14.00 \n9.73 \nMar\n4.30-33.50\n13.24 \n8.75 \nApr\n4.30-31.00\n12.71 \n8.84 \nMay\n5.00-31.00\n12.74 \n8.79 \nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates 3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \nMONTHLY ECONOMIC REVIEW \n17 \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2014 \nJan\n0.15-8.00\n3.00-20.00\nFeb \n0.15-8.00\n3.00-20.00\nMar\n0.15-8.00\n3.00-20.00\nApr\n0.15-8.00\n3.00-20.00\nMay\n0.15-8.00\n3.00-20.00\nJun\n0.15-8.00\n3.00-20.00\nJul\n0.15-8.00\n3.00-20.00\nAug\n0.15-8.00\n4.00-20.00\nSep\n0.15-8.00\n4.00-20.00\nOct\n0.15-8.00\n4.00-20.00\nNov\n0.15-8.00\n4.00-20.00\nDec\n0.15-8.00\n3.00-20.00\n2015 \nJan\n0.15-8.00\n3.00-17.00\nFeb\n0.50-12.00\n1.00-17.00\nMar\n0.50-12.00\n1.00-17.00\nApr\n0.30-8.00\n1.00-17.00\nMay\n0.30-8.00\n1.00-17.00\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \nMONTHLY ECONOMIC REVIEW \n18 \n \n \n \n \nFOOD IN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHS IN G, WA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A TION\nR EC R EA TION &\nED U C A TION\nR ES TA U R A N TS &\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\nFOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON A LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4 .3 8\n6 .0 5\n17.74\n9 .9 1\n2 .16\n9 .76\n3 .4 1\n2 .1\n5.6 7\n1.3 8\n3 .9 1\n6 6 .4 7\n3 3 .53\n10 0\n2013\nOC TOB ER\n1.2 1\n0 .0 0\n- 0 .0 1\n- 0 .3 6\n0 .0 6\n- 0 .3 2\n- 0 .0 7\n- 0 .15\n0 .0 2\n- 0 .0 8\n- 0 .2 0\n- 0 .0 4\n0 .0 4\n- 0 .0 1\nN OV EM B ER\n0 .3 8\n- 0 .19\n- 0 .0 1\n- 0 .3 7\n0 .10\n- 0 .13\n- 0 .0 1\n- 0 .13\n5.57\n1.0 8\n- 0 .2 7\n0 .4 3\n- 0 .6 0\n0 .0 9\nD EC EM B ER\n0 .14\n- 0 .0 1\n0 .3 7\n- 0 .2 9\n0 .12\n0 .2 7\n0 .0 5\n- 0 .2 2\n0 .0 0\n0 .0 0\n- 0 .4 6\n0 .0 8\n- 0 .4 1\n- 0 .0 8\n2014\nJA N U A R Y\n0 .2 0\n- 0 .0 7\n0 .0 0\n0 .0 1\n- 0 .2 3\n0 .0 1\n0 .0 0\n- 0 .0 7\n0 .0 2\n0 .16\n- 0 .0 9\n0 .0 0\n0 .4 4\n0 .14\nFEB R U A R Y\n- 0 .0 1\n- 0 .0 9\n- 0 .11\n- 0 .0 8\n0 .0 9\n0 .0 8\n0 .0 0\n- 0 .0 4\n0 .2 3\n- 0 .0 8\n0 .0 7\n- 0 .0 1\n0 .18\n0 .0 5\nM A R C H\n- 0 .0 5\n- 0 .0 6\n- 0 .8 2\n- 0 .12\n0 .0 2\n0 .0 0\n0 .0 1\n0 .0 0\n0 .0 0\n0 .0 1\n- 0 .3 0\n- 0 .2 6\n- 0 .14\n- 0 .2 2\nA PR IL\n0 .3 0\n- 0 .10\n- 0 .13\n- 0 .75\n0 .16\n0 .3 3\n- 0 .0 2\n0 .3 4\n12 .6 4\n- 1.0 2\n- 0 .0 3\n1.0 9\n- 0 .4 6\n0 .58\nM A Y\n0 .11\n- 0 .11\n- 0 .0 6\n- 0 .2 9\n0 .0 0\n0 .2 3\n- 0 .0 3\n- 0 .2 0\n0 .0 7\n- 0 .13\n- 0 .4 3\n- 0 .0 5\n- 0 .3 0\n- 0 .13\nJU N E\n- 0 .0 5\n0 .12\n0 .0 0\n0 .0 6\n0 .3 0\n- 0 .0 3\n0 .0 0\n- 0 .0 9\n0 .0 0\n- 0 .11\n0 .15\n0 .0 2\n- 0 .12\n- 0 .0 3\nJU LY\n- 0 .4 7\n- 0 .2 1\n0 .12\n0 .3 0\n- 0 .0 1\n0 .11\n- 0 .12\n- 0 .13\n- 0 .0 8\n1.79\n0 .8 5\n- 0 .3 7\n0 .2 5\n0 .0 1\nA U GU S T\n- 0 .8 1\n- 0 .0 5\n- 0 .0 9\n0 .0 0\n- 0 .14\n0 .0 4\n0 .2 8\n- 0 .0 6\n- 0 .0 8\n- 0 .0 2\n0 .0 2\n- 1.2 1\n- 0 .0 7\n- 0 .3 1\nS EPTEM B ER\n0 .10\n0 .14\n0 .4 5\n- 0 .2 7\n0 .2 1\n0 .3 8\n- 0 .0 6\n- 0 .14\n0 .0 0\n- 0 .4 0\n0 .11\n0 .15\n- 0 .3 4\n- 0 .0 1\nOC TOB ER\n0 .16\n0 .0 7\n0 .0 0\n- 0 .14\n- 0 .0 1\n- 0 .2 7\n- 0 .0 6\n- 0 .0 4\n0 .0 1\n0 .0 2\n0 .0 3\n- 0 .0 4\n- 0 .2 4\n- 0 .11\nN OV EM B ER\n0 .19\n0 .12\n- 0 .0 3\n- 0 .0 9\n0 .0 9\n0 .10\n0 .0 2\n0 .0 2\n- 9 .18\n- 0 .6 2\n0 .0 6\n- 0 .9 6\n- 0 .11\n- 0 .6 9\nD EC EM B ER\n0 .0 1\n- 0 .10\n0 .16\n- 0 .10\n0 .13\n0 .19\n0 .0 0\n- 0 .16\n0 .0 0\n- 0 .2 3\n- 0 .15\n0 .0 4\n- 0 .3 6\n- 0 .0 9\n2015\nJA N U A R Y\n- 0 .0 4\n- 0 .0 1\n0 .0 8\n0 .0 7\n0 .0 6\n- 0 .9 7\n- 13 .4 1\n0 .0 2\n- 0 .0 8\n- 0 .4 8\n0 .3 0\n- 0 .6 9\n0 .4 0\n- 0 .3 4\nFEB R U A R Y\n0 .2 5\n- 0 .3 5\n- 0 .0 9\n- 0 .11\n- 0 .0 2\n- 0 .4 1\n- 0 .10\n- 0 .17\n0 .0 0\n- 0 .2 8\n0 .10\n- 0 .13\n0 .0 5\n- 0 .0 7\nM A R C H\n0 .12\n- 0 .2 7\n- 0 .0 6\n- 0 .0 2\n- 0 .0 5\n0 .0 2\n0 .0 0\n0 .0 3\n0 .0 0\n0 .12\n0 .10\n- 0 .0 3\n- 0 .0 3\n- 0 .0 3\nA PR IL\n- 0 .6 3\n- 0 .0 1\n- 0 .71\n- 3 .3 5\n- 0 .4 6\n- 0 .0 5\n- 0 .15\n- 0 .13\n- 0 .0 7\n0 .59\n0 .4 1\n- 0 .0 4\n- 1.0 1\n- 0 .8 9\nM A Y\n- 0 .17\n- 0 .4 1\n0 .18\n- 0 .2 5\n0 .10\n- 0 .2 5\n- 0 .0 2\n- 0 .11\n0 .0 0\n- 0 .0 8\n- 0 .4 4\n- 0 .10\n- 0 .3 7\n- 0 .19\nN ON - FOOD IN FLA TION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n19 \n \n \nFOOD \nIN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHS IN G, \nWA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A\nTION\nR EC R EA TION \n&\nED U C A TION\nR ES TA U R A N\nTS &\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\nFOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON \nA LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4 .3 8\n6 .0 5\n17.74\n9 .9 1\n2 .16\n9 .76\n3 .4 1\n2 .1\n5.6 7\n1.3 8\n3 .9 1\n6 6 .4 7\n3 3 .53\n10 0\n2 0 13\nS EPTEM B ER\n4 .3 6\n0 .6 1\n3 .7\n- 0 .3 7\n2 .1\n5.0 6\n- 13 .6 6\n- 1.0 1\n5.74\n1.2 3\n0 .9 3\n1.4 5\n- 0 .3 2\n0 .8 6\nOC TOB ER\n5.2 3\n0 .2 5\n2 .9 6\n- 0 .7\n2 .2 1\n1.4\n- 13 .76\n- 0 .73\n9 .0 5\n0 .8 3\n- 0 .2\n1.2 5\n- 0 .74\n0 .59\nN OV EM B ER\n5.9 4\n- 0 .0 7\n3 .51\n- 1.0 3\n2 .4 2\n- 7.0 4\n- 13 .8 3\n- 0 .9 2\n11.19\n2 .0 6\n- 0 .3 5\n1.58\n- 1.51\n0 .54\nD EC EM B ER\n4 .2 6\n0 .0 9\n3 .6 3\n- 1.0 8\n2 .11\n1.6 1\n- 13 .9 9\n- 1.0 3\n11.2 9\n2 .0 3\n- 0 .8 7\n1.6 1\n- 2 .2\n0 .3 3\n2 0 14\nJA N U A R Y\n5.0 3\n0 .0 3\n3 .6 3\n- 1.0 7\n1.8 7\n1.6 2\n- 14\n- 1.12\n11.3\n2 .18\n- 0 .4 3\n1.6 7\n- 2 .0 8\n0 .4 1\nFEB R U A R Y\n2 .2 1\n- 0 .4 3\n3 .0 9\n- 1.3 5\n0 .4 4\n0 .0 5\n- 13 .8 6\n- 1.0 8\n11.4 7\n1.3 2\n- 1.4 5\n0 .9 3\n- 3 .2 6\n- 0 .4 9\nM A R C H\n1.6 7\n- 0 .53\n2 .2 1\n- 1.8 2\n0 .4\n- 0 .4 4\n- 13 .6 8\n- 1.2 1\n11.4 7\n2 .4 7\n- 1.8 2\n0 .51\n- 3 .71\n- 0 .9 1\nA PR IL\n1.78\n- 0 .55\n0 .4 6\n- 2 .6\n0 .2 2\n- 0 .11\n- 0 .6 2\n- 0 .9 3\n2 0 .71\n1.13\n- 1.56\n1.5\n- 3 .73\n- 0 .2 6\nM A Y\n1.9 1\n- 0 .8 3\n0 .3 9\n- 2 .6 2\n0 .2 9\n0 .8 6\n- 0 .6\n- 0 .6 4\n2 0 .79\n0 .9 5\n- 1.6 9\n1.6 2\n- 3 .75\n- 0 .19\nJU N E\n1.6 8\n- 0 .8 1\n0 .4\n- 2 .54\n0 .6 4\n0 .9 7\n- 0 .2 7\n- 0 .8 4\n2 0 .79\n0 .9 9\n- 1.6 7\n1.6 7\n- 3 .54\n- 0 .0 8\nJU LY\n- 2 .8 8\n1.6 4\n- 0 .6 8\n0 .7\n- 2 .4\n0 .8\n0 .5\n- 0 .4\n- 0 .8\n2 3\n1.8\n- 2\n1.9\n0 .3\nA U GU S T\n- 2 .79\n2 .0 2\n- 0 .4 4\n- 0 .1\n- 2 .5\n0 .6\n0 .7\n- 0 .3\n- 0 .8\n2 1.4\n0 .9\n- 2 .8\n1.6\n0 .2\nS EPTEM B ER\n2 .10\n- 0 .3 4\n- 0 .0 3\n- 2 .6 0\n0 .9 8\n0 .9 9\n- 0 .3 2\n- 0 .8 5\n2 1.4 2\n0 .2 8\n- 3 .0 6\n1.59\n- 2 .9 5\n0 .0 9\nOC TOB ER\n1.0 4\n- 0 .2 7\n- 0 .0 1\n- 2 .3 8\n0 .9 1\n1.0 4\n- 0 .3 1\n- 0 .75\n2 1.4 1\n0 .3 8\n- 2 .8 3\n1.59\n- 3 .2 3\n0 .0 0\nN OV EM B ER\n0 .8 4\n0 .0 4\n- 0 .0 3\n- 2 .11\n0 .9 1\n1.2 6\n- 0 .2 8\n- 0 .59\n4 .4 4\n- 1.3 1\n- 2 .50\n0 .17\n- 2 .75\n- 0 .78\nD EC EM B ER\n0 .71\n- 0 .0 5\n- 0 .2 4\n- 1.9 2\n0 .9 2\n1.18\n- 0 .3 3\n- 0 .53\n4 .4 5\n- 1.54\n- 2 .2 1\n0 .13\n- 2 .7\n- 0 .8\n2 0 15\nJA N U A R Y\n0 .4 7\n0 .0 0\n- 0 .16\n- 1.8 6\n1.2 1\n0 .19\n- 13 .6 9\n- 0 .4 4\n4 .3 5\n- 2 .16\n- 1.8 2\n- 0 .57\n- 2 .74\n- 1.2 8\nFEB R U A R Y\n0 .73\n- 0 .2 5\n- 0 .14\n- 1.8 8\n1.10\n- 0 .3 0\n- 13 .78\n- 0 .57\n4 .11\n- 2 .3 6\n- 1.8 0\n- 0 .6 8\n- 2 .8 7\n- 1.4 0\nM A R C H\n0 .9 0\n- 0 .4 6\n0 .6 2\n- 1.78\n1.0 3\n- 0 .2 8\n- 13 .78\n- 0 .54\n4 .11\n- 2 .2 6\n- 1.4 1\n- 0 .4 4\n- 2 .77\n- 1.2 0\nA PR IL\n- 2 .9 3\n0 .59\n- 1.0 7\n- 2 .6 2\n- 1.50\n0 .8 1\n- 0 .76\n- 13 .8 8\n- 0 .9 5\n- 7.0 2\n- 0 .8 4\n- 1.4 1\n- 2 .51\n- 2 .6 5\nM A Y\n0 .3 1\n- 1.3 7\n- 2 .3 9\n- 1.4 5\n0 .9 2\n- 1.2 3\n- 13 .8 7\n- 0 .8 6\n- 7.0 9\n- 0 .79\n- 1.4 2\n- 2 .56\n- 3 .0 0\n- 2 .70\nN ON - FOOD IN FLA TION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n20 \n \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2014\nJANUARY\n11.21\n9.09\n102.47\n1.35\n1.65\nFEBRUARY\n10.71\n8.85\n101.74\n1.37\n1.67\nMARCH\n10.56\n8.85\n102.38\n1.38\n1.68\nAPRIL\n10.57\n8.85\n102.38\n1.38\n1.68\nMAY\n10.44\n8.73\n101.61\n1.36\n1.67\nJUNE\n10.58\n8.67\n101.3\n1.36\n1.7\nJULY\n10.68\n8.85\n102.76\n1.36\n1.69\nAUGUST\n10.98\n9.07\n107.35\n1.29\n1.63\nSEPTEMBER\n11.26\n9.26\n109.39\n1.27\n1.63\nOCTOBER\n10.90\n9.11\n110.87\n1.26\n1.59\nNOVEMBER\n11.02\n9.22\n118.21\n1.38\n1.57\nDECEMBER\n11.56\n9.51\n119.65\n1.22\n1.56\n2015\nJANUARY\n11.55\n9.61\n117.85\n1.13\n1.51\nFEBRUARY\n11.55\n9.61\n119.17\n1.12\n1.54\nMARCH\n12.16\n9.96\n120.19\n1.08\n1.48\nAPRIL\n11.82\n9.74\n118.60\n1.11\n1.54\nMAY\n12.26\n9.92\n122.31\n1.02\n1.57\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n \n \nMONTHLY ECONOMIC REVIEW \n21 \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nBond\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\n2013\nCoins\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n Jan\n323.4\n378.5\n103.4\n182.3\n247.8\n0.0\n0.0\n1235.5\n52.2\n2694.9\n386.1\n205.7\n386.7\n4961.1\n Feb\n292.2\n357.7\n120.5\n234.6\n239.9\n0.0\n0.0\n1244.9\n27.7\n2689.3\n328.8\n208.0\n388.3\n4887.0\n Mar\n271.6\n345.7\n196.1\n198.9\n265.3\n0.0\n0.0\n1277.6\n26.1\n2715.8\n367.2\n228.8\n388.0\n5003.5\n Apr\n263.8\n383.6\n201.1\n272.9\n289.9\n75.3\n5.2\n1491.7\n26.3\n2595.8\n341.3\n207.0\n382.1\n5044.2\n May\n250.9\n400.9\n198.2\n296.7\n253.5\n75.4\n5.3\n1480.8\n25.8\n2673.2\n389.8\n208.0\n382.9\n5160.4\n Jun\n227.2\n416.4\n171.9\n257.5\n271.8\n75.5\n5.3\n1425.8\n26.0\n2698.3\n364.1\n217.8\n384.6\n5116.5\n Jul\n266.5\n352.8\n164.2\n266.1\n263.8\n110.2\n6.4\n1429.9\n26.5\n2701.3\n337.1\n229.8\n387.0\n5111.7\n Aug.\n322.8\n277.9\n136.4\n242.5\n237.8\n61.1\n6.4\n1285.0\n26.2\n2813.0\n367.0\n218.3\n385.2\n5094.7\n Sep\n334.1\n336.0\n178.0\n327.8\n226.3\n111.5\n6.0\n1519.7\n26.9\n2773.3\n298.8\n234.7\n386.4\n5239.8\n Oct\n379.4\n387.5\n137.1\n219.7\n260.9\n99.4\n5.0\n1489.0\n17.3\n2809.1\n316.7\n257.3\n371.5\n5260.9\n Nov\n333.3\n312.7\n160.2\n197.1\n261.1\n108.6\n6.5\n1379.5\n26.6\n2789.7\n291.3\n235.4\n369.8\n5092.3\n Dec\n354.8\n367.8\n135.5\n287.3\n199.9\n118.0\n6.6\n1469.9\n28.4\n2799.5\n490.8\n259.5\n347.6\n5395.7\n2014\n Jan\n356.9\n395.3\n134.1\n253.1\n153.0\n119.2\n5.4\n1417.0\n27.9\n2866.4\n516.1\n362.2\n353.9\n5543.5\n Feb\n334.3\n387.0\n130.5\n285.0\n131.2\n193.2\n5.4\n1466.6\n32.8\n2718.1\n534.5\n502.9\n351.1\n5606.0\n Mar\n304.6\n354.1\n147.4\n280.3\n165.9\n255.2\n5.4\n1512.9\n28.7\n2737.9\n522.7\n538.8\n349.7\n5690.7\n Apr\n353.3\n367.8\n154.4\n274.9\n205.7\n247.0\n5.4\n1608.4\n32.5\n2844.6\n534.1\n345.3\n348.6\n5713.6\n May\n327.8\n421.1\n120.5\n372.8\n211.5\n241.7\n5.4\n1700.6\n27.5\n2836.8\n591.4\n366.2\n347.1\n5869.6\n Jun\n347.1\n404.7\n166.4\n338.1\n198.0\n261.9\n0.0\n1716.1\n16.2\n2863.2\n607.8\n362.9\n346.4\n5912.6\n Jul\n347.1\n321.3\n176.7\n276.3\n186.0\n246.2\n0.0\n1553.7\n15.4\n2940.4\n597.5\n347.4\n345.6\n5800.0\n Aug\n360.7\n424.5\n178.5\n243.5\n173.9\n237.5\n0.0\n1618.6\n15.5\n2949.1\n609.5\n353.9\n346.4\n5892.9\n Sep\n255.6\n636.8\n183.0\n158.8\n176.0\n253.9\n0.0\n1664.2\n4.1\n2949.4\n624.6\n371.5\n341.5\n5955.3\n Oct\n226.1\n597.7\n175.0\n205.5\n180.3\n260.1\n0.0\n1644.7\n15.6\n2938.4\n594.4\n369.0\n341.8\n5903.8\n Nov\n258.9\n556.7\n169.1\n157.5\n178.5\n281.6\n0.0\n1602.2\n4.2\n2951.6\n597.5\n369.4\n341.1\n5865.9\n Dec\n0.4\n309.5\n465.7\n167.6\n151.9\n184.3\n285.4\n0.0\n1564.7\n4.1\n2758.6\n606.2\n343.7\n356.0\n5633.3\n2015\n Jan\n0.6\n222.5\n527.9\n159.0\n182.6\n163.6\n325.7\n0.0\n1581.9\n21.4\n2796.8\n557.7\n360.2\n366.1\n5684.2\n Feb\n0.4\n216.7\n501.2\n149.6\n183.2\n128.6\n344.6\n0.0\n1524.2\n17.9\n2792.5\n564.8\n325.3\n356.8\n5581.5\n Mar\n0.6\n246.9\n461.4\n147.8\n222.2\n121.6\n338.0\n5.4\n1543.8\n15.5\n2925.5\n527.3\n352.5\n362.0\n5726.6\n Apr\n0.7\n205.5\n492.8\n158.6\n218.5\n112.0\n335.1\n5.4\n1528.6\n18.2\n2967.1\n527.1\n364.2\n385.4\n5790.7\n May\n0.7\n237.3\n495.6\n135.1\n181.0\n101.4\n622.7\n5.5\n1779.2\n18.2\n2922.7\n525.7\n434.2\n384.3\n6064.3\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n22 \n \n \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2013\n Jan\n2032.2\n866.1\n552.4\n3450.7\n266.1\n0.0\n27.8\n623.9\n386.1\n206.5\n4961.1\n3450.7\n Feb\n1987.8\n933.3\n491.5\n3412.5\n258.1\n0.0\n32.4\n631.9\n328.8\n223.3\n4887.0\n3417.9\n Mar\n1960.0\n976.3\n451.0\n3387.3\n290.9\n0.0\n32.8\n687.7\n367.2\n237.6\n5003.5\n3387.3\n Apr\n2074.5\n1046.3\n379.5\n3500.3\n247.6\n0.0\n37.9\n667.2\n341.3\n249.8\n5044.2\n3500.3\n May\n2066.0\n913.0\n479.9\n3459.0\n346.5\n0.0\n81.8\n674.4\n389.8\n209.0\n5160.4\n3459.0\n Jun\n2014.0\n919.6\n298.9\n3232.4\n553.0\n0.0\n74.1\n702.3\n364.1\n190.6\n5116.5\n3232.4\n Jul\n2054.1\n916.2\n245.9\n3216.2\n578.3\n0.0\n77.5\n699.7\n337.1\n202.9\n5111.7\n3216.2\n Aug.\n2017.4\n879.5\n253.2\n3150.1\n608.2\n0.0\n63.8\n694.9\n367.0\n210.8\n5094.7\n3150.1\n Sep\n2082.1\n899.3\n294.5\n3275.8\n674.6\n0.0\n74.0\n708.8\n298.8\n207.7\n5239.8\n3275.8\n Oct\n2125.9\n880.0\n349.3\n3355.2\n611.4\n0.0\n68.5\n703.0\n316.7\n206.0\n5260.9\n3355.2\n Nov\n1953.4\n861.2\n371.6\n3186.2\n627.8\n0.0\n75.8\n689.7\n291.3\n221.6\n5092.3\n3186.2\n Dec\n1980.4\n813.6\n517.1\n3311.1\n614.0\n0.0\n65.0\n730.9\n490.8\n184.0\n5395.7\n3311.1\n2014\n Jan\n2153.6\n802.7\n403.5\n3359.8\n661.3\n0.0\n55.9\n592.9\n516.1\n357.5\n5543.5\n3359.8\n Feb\n2111.8\n878.8\n494.6\n3485.2\n630.0\n0.0\n51.1\n609.5\n534.5\n359.0\n5669.5\n3485.2\n Mar\n2156.8\n919.6\n454.2\n3530.6\n635.5\n0.0\n44.8\n596.4\n522.7\n360.7\n5690.7\n3530.6\n Apr\n2267.5\n958.3\n435.7\n3661.5\n553.5\n0.0\n17.0\n595.0\n534.1\n352.4\n5713.6\n3661.5\n May\n2294.9\n975.8\n451.7\n3722.4\n585.0\n0.0\n13.7\n591.1\n591.4\n366.1\n5869.6\n3722.4\n Jun\n2248.9\n989.8\n506.1\n3744.8\n543.8\n0.0\n48.3\n591.2\n607.8\n376.7\n5912.6\n3744.8\n Jul\n2130.4\n892.9\n606.6\n3629.9\n560.8\n0.0\n39.5\n571.5\n597.5\n400.6\n5800.0\n3629.9\n Aug\n2202.3\n963.1\n539.9\n3705.3\n552.7\n0.0\n43.5\n580.7\n609.5\n401.2\n5892.9\n3705.3\n Sep\n2191.0\n1011.1\n562.6\n3764.8\n548.9\n0.0\n59.5\n544.8\n624.6\n412.7\n5955.3\n3764.8\n Oct\n2260.8\n1015.1\n509.9\n3785.8\n506.8\n0.0\n47.4\n543.3\n594.4\n426.0\n5903.8\n3785.8\n Nov\n2231.8\n943.4\n526.5\n3701.6\n509.4\n0.0\n90.6\n541.8\n597.5\n425.0\n5865.9\n3701.6\n Dec\n2101.6\n975.8\n453.2\n3530.5\n484.0\n0.0\n81.4\n713.6\n606.2\n217.5\n5633.3\n3530.5\n2015\nJan\n2056.2\n996.2\n561.7\n3614.0\n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5684.2\n3614.0\nFeb\n2079.6\n876.1\n611.6\n3567.3\n426.6\n0.0\n75.6\n720.3\n564.8\n227.0\n5581.5\n3567.3\nMar\n2139.3\n940.4\n513.3\n3593.0\n461.1\n0.0\n101.9\n749.7\n527.3\n293.6\n5726.6\n3593.0\nApr\n2098.7\n943.5\n629.8\n3672.0\n448.9\n0.0\n103.4\n747.4\n527.1\n291.8\n5790.7\n3672.0\nMay\n2131.8\n1015.3\n615.3\n3762.4\n574.7\n0.0\n82.4\n814.7\n525.7\n304.4\n6064.3\n3762.4\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ Millions\nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n23 \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\nBond\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoins\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2013\n Jan\n1.5\n2.7\n28.6\n0.0\n3.4\n0.0\n0.0\n36.2\n0.0\n236.7\n34.8\n60.2\n29.1\n397.0\n Feb\n4.7\n1.5\n18.4\n0.0\n4.5\n0.0\n0.0\n26.9\n0.0\n245.7\n34.8\n63.9\n28.9\n398.2\n Mar\n2.5\n1.1\n7.3\n-3.1\n1.2\n0.0\n0.0\n8.9\n0.0\n260.3\n34.2\n50.4\n28.8\n382.6\n Apr\n2.7\n1.3\n20.1\n-1.9\n1.2\n0.0\n0.0\n23.4\n0.0\n254.9\n34.2\n51.7\n27.7\n392.0\n May\n2.4\n4.1\n18.6\n-2.4\n4.5\n0.0\n0.0\n27.3\n0.0\n253.4\n34.6\n63.0\n12.7\n391.0\n Jun\n2.4\n3.6\n7.9\n1.1\n9.1\n0.0\n0.0\n24.1\n0.0\n260.3\n34.6\n51.4\n35.2\n405.6\n Jul\n1.9\n1.3\n2.8\n2.2\n3.4\n0.0\n0.0\n11.6\n0.0\n264.0\n34.8\n51.7\n35.5\n397.6\n Aug\n1.4\n1.7\n0.4\n0.6\n3.4\n0.0\n0.0\n7.4\n0.0\n265.6\n34.5\n45.5\n37.3\n390.3\n Sep\n1.2\n0.8\n0.0\n0.3\n3.4\n0.0\n0.0\n5.7\n0.0\n233.7\n35.8\n46.6\n38.6\n360.4\n Oct\n0.9\n0.5\n0.4\n0.6\n2.5\n0.0\n0.0\n4.8\n0.0\n234.8\n35.6\n41.3\n38.7\n355.2\n Nov\n0.4\n0.6\n0.1\n0.2\n2.5\n0.0\n0.0\n3.9\n0.0\n231.9\n35.5\n39.6\n38.3\n349.2\n Dec\n1.1\n0.5\n0.1\n0.4\n2.5\n0.0\n0.0\n4.6\n0.0\n232.7\n35.5\n29.2\n40.5\n342.5\n2014\n Jan\n0.1\n0.5\n0.0\n0.2\n1.8\n0.0\n0.0\n2.6\n0.0\n81.3\n10.0\n23.5\n34.7\n152.1\n Feb\n0.2\n0.4\n0.1\n0.1\n1.8\n0.0\n0.0\n2.5\n0.0\n77.6\n9.0\n24.1\n34.6\n147.9\n Mar\n0.1\n0.1\n0.1\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n53.2\n8.7\n21.8\n32.5\n118.1\n Apr\n0.1\n0.4\n0.2\n0.3\n1.6\n0.0\n2.6\n5.2\n75.2\n8.5\n22.2\n32.4\n140.9\n284.4\n May\n0.2\n0.4\n0.0\n0.1\n0.3\n0.0\n0.9\n1.9\n68.7\n0.1\n14.6\n30.3\n114.6\n230.2\n Jun\n0.2\n0.2\n0.1\n0.0\n0.6\n0.0\n0.0\n1.2\n0.0\n66.8\n0.1\n14.7\n29.6\n112.4\n Jul\n0.2\n0.3\n0.0\n0.1\n0.3\n0.0\n0.0\n0.9\n0.0\n66.9\n0.1\n12.9\n28.7\n109.6\n Aug\n0.2\n0.7\n0.0\n0.1\n0.3\n0.0\n0.0\n1.3\n0.0\n64.4\n0.0\n19.4\n23.9\n109.0\n Sep\n0.4\n0.2\n0.0\n0.1\n0.3\n0.0\n0.0\n1.1\n0.0\n65.9\n0.1\n18.9\n19.7\n105.8\n Oct\n0.7\n0.7\n0.0\n0.1\n0.3\n0.0\n0.0\n1.7\n0.0\n68.3\n0.1\n10.8\n25.9\n106.9\n Nov\n0.6\n0.1\n0.0\n0.1\n0.3\n0.0\n0.0\n1.0\n0.0\n67.1\n0.1\n12.4\n25.8\n106.3\nDec\n0.9\n0.4\n0.0\n0.1\n0.3\n0.0\n0.0\n1.7\n0.0\n63.6\n0.1\n10.0\n24.6\n100.0\n2015\n Jan\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\n Feb\n0.4\n0.2\n0.1\n0.1\n1.6\n0.0\n0.0\n2.5\n0.0\n72.0\n8.3\n19.3\n23.6\n125.7\n Mar\n0.4\n0.1\n0.0\n0.1\n1.5\n0.0\n0.0\n2.1\n0.0\n73.3\n8.2\n18.5\n23.4\n125.5\n Apr\n0.3\n0.1\n0.0\n0.1\n0.2\n0.0\n0.0\n0.6\n0.0\n66.7\n0.0\n10.3\n21.3\n98.9\n May\n0.4\n0.0\n0.0\n0.0\n0.2\n0.0\n0.0\n0.6\n0.0\n67.9\n0.0\n9.6\n21.2\n99.3\nUS$ Millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \nMONTHLY ECONOMIC REVIEW \n24 \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2013\n Jan\n106.9\n91.7\n21.3\n220.0\n44.8\n0.0\n2.7\n-72.4\n34.8\n167.2\n397.0\n220.0\n Feb\n102.8\n66.0\n55.7\n224.5\n45.3\n0.0\n2.7\n-77.8\n34.8\n168.7\n398.2\n224.5\n Mar\n104.3\n62.3\n52.8\n219.5\n45.8\n0.0\n1.2\n-97.3\n34.2\n179.3\n382.6\n219.5\n Apr\n107.3\n64.6\n56.3\n228.3\n45.4\n0.0\n1.2\n-98.1\n34.2\n181.1\n392.0\n228.3\n May\n112.2\n67.1\n54.4\n233.6\n46.7\n0.0\n1.2\n-99.4\n34.6\n174.3\n391.0\n233.6\n Jun\n114.6\n56.2\n52.3\n223.1\n46.7\n0.0\n1.2\n-91.2\n34.6\n191.2\n405.6\n223.1\n Jul\n111.3\n82.7\n27.0\n220.9\n47.1\n0.0\n1.2\n-94.1\n34.8\n187.8\n397.6\n220.9\n Aug\n109.5\n80.6\n25.2\n215.2\n47.5\n0.0\n1.2\n-101.7\n34.5\n193.6\n390.3\n215.2\n Sep\n111.2\n82.6\n19.0\n212.8\n47.9\n0.0\n1.2\n-114.9\n35.8\n177.8\n360.4\n212.8\n Oct\n112.5\n80.4\n14.9\n207.8\n48.2\n0.0\n1.2\n-114.3\n35.6\n176.7\n355.2\n207.8\n Nov\n122.6\n59.7\n20.0\n202.3\n48.2\n0.0\n1.2\n-118.2\n35.5\n180.2\n349.2\n202.3\n Dec\n134.5\n56.4\n6.9\n197.8\n48.9\n0.0\n1.2\n-127.6\n35.5\n186.7\n342.5\n197.8\n2014\n Jan\n36.8\n57.7\n5.7\n100.1\n11.7\n0.0\n0.0\n0.7\n10.0\n29.5\n152.1\n100.1\n Feb\n47.6\n48.3\n0.0\n95.8\n11.7\n0.0\n0.0\n-10.9\n9.0\n42.3\n147.9\n95.8\n Mar\n41.0\n55.8\n0.0\n96.9\n12.0\n0.0\n0.0\n-17.7\n8.7\n18.4\n118.1\n96.9\n Apr\n57.4\n40.3\n0.0\n97.7\n12.2\n0.0\n0.0\n-19.8\n8.5\n42.4\n140.9\n97.7\n May\n42.8\n34.6\n0.0\n77.4\n0.0\n0.0\n0.0\n4.7\n0.1\n32.5\n114.6\n77.4\n Jun\n42.8\n33.2\n0.0\n76.0\n0.0\n0.0\n0.0\n2.3\n0.1\n33.7\n112.1\n76.0\n Jul\n42.6\n33.8\n0.0\n76.3\n0.0\n0.0\n0.0\n-8.7\n0.1\n41.8\n109.6\n76.3\n Aug\n36.4\n40.4\n0.0\n76.8\n0.0\n0.0\n0.0\n-7.8\n0.0\n40.0\n109.0\n76.8\n Sep\n40.9\n33.9\n0.0\n74.9\n0.0\n0.0\n0.0\n-7.6\n0.1\n38.4\n105.8\n74.9\n Oct\n39.9\n33.7\n0.0\n73.6\n0.0\n0.0\n0.0\n-9.6\n0.1\n42.8\n106.9\n73.6\n Nov\n39.4\n33.3\n0.0\n72.7\n0.0\n0.0\n0.0\n-10.9\n0.1\n44.4\n106.3\n72.7\nDec\n36.9\n31.2\n0.0\n68.1\n0.0\n0.0\n0.0\n-17.9\n0.1\n49.7\n100.0\n68.1\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\n Feb\n38.4\n40.4\n0.0\n78.7\n11.7\n0.0\n0.0\n-48.7\n8.3\n75.6\n125.7\n78.7\n Mar\n68.6\n12.1\n0.0\n80.7\n12.0\n0.0\n0.0\n-50.7\n8.2\n75.2\n125.5\n80.7\n Apr\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-27.5\n0.0\n62.4\n98.9\n63.9\n May\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-28.8\n0.0\n64.2\n99.3\n63.9\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n25 \n \n \nForeign\nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nBond\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nCoins\nat Banks\nBanks\nBills\n2013\nJan\n20.4\n125.5\n0.0\n0.2\n0.0\n0.0\n146.1\n0.0\n283.2\n118.5\n36.1\n121.4\n705.3\nFeb\n20.2\n64.3\n0.0\n0.0\n0.0\n0.0\n84.5\n0.0\n291.8\n117.9\n35.3\n121.4\n734.2\nMar\n18.8\n129.1\n0.0\n0.2\n20.0\n0.0\n168.1\n0.0\n291.4\n116.9\n39.5\n121.4\n737.3\nApr\n16.9\n159.8\n0.0\n0.2\n20.2\n0.0\n197.2\n0.0\n294.8\n115.5\n39.5\n122.1\n769.1\nMay\n30.2\n179.6\n0.0\n0.0\n20.3\n0.0\n230.0\n0.0\n307.3\n120.3\n40.4\n121.9\n819.9\nJun\n28.6\n178.8\n0.0\n0.0\n20.0\n0.0\n227.3\n0.0\n314.2\n122.4\n44.6\n121.8\n830.3\nJul\n26.1\n207.4\n0.0\n0.0\n20.0\n0.0\n253.5\n0.0\n312.4\n123.1\n48.3\n121.6\n858.9\nAug\n34.7\n204.1\n0.0\n0.0\n20.0\n0.0\n258.8\n0.0\n320.6\n123.0\n46.4\n124.1\n872.9\nSep\n36.4\n204.9\n0.0\n0.0\n20.0\n0.0\n261.3\n0.0\n353.4\n122.7\n51.9\n124.6\n913.9\nOct\n39.3\n186.8\n0.0\n0.0\n20.0\n0.0\n246.1\n0.0\n358.4\n128.2\n51.8\n122.4\n906.9\nNov\n39.7\n163.1\n0.0\n0.0\n40.0\n0.0\n242.8\n0.0\n361.6\n135.8\n43.6\n122.6\n906.4\nDec\n34.8\n158.8\n0.0\n0.0\n40.0\n0.0\n233.6\n0.0\n381.5\n127.7\n55.2\n123.0\n920.9\n2014\nJan\n30.9\n147.5\n0.2\n40.0\n0.0\n218.6\n0.0\n384.5\n136.4\n64.4\n125.3\n929.1\nFeb\n30.2\n165.0\n0.0\n0.2\n40.0\n0.0\n235.3\n0.0\n385.8\n132.0\n65.4\n125.4\n943.9\nMar\n47.5\n166.2\n0.0\n0.2\n40.0\n0.0\n253.8\n0.0\n390.4\n132.1\n68.8\n125.0\n970.1\nApr\n45.2\n161.0\n0.0\n0.2\n40.0\n0.0\n246.5\n0.0\n401.8\n132.4\n76.6\n124.7\n981.9\nMay\n47.7\n190.7\n0.0\n0.2\n40.0\n0.0\n278.6\n0.0\n394.0\n147.0\n82.7\n124.3\n1026.7\nJun\n39.5\n187.9\n0.0\n0.0\n40.0\n0.0\n267.4\n0.0\n400.0\n150.4\n84.0\n124.4\n1026.1\nJul\n40.6\n180.9\n0.0\n0.0\n40.0\n0.0\n261.5\n0.0\n431.8\n159.4\n84.1\n124.4\n1061.2\nAug\n17.8\n219.8\n0.0\n0.0\n51.4\n0.0\n289.1\n0.0\n442.4\n166.5\n86.4\n124.2\n1108.6\nSep\n51.2\n183.1\n0.0\n0.0\n51.4\n0.0\n285.7\n0.0\n452.1\n173.8\n95.6\n123.8\n1131.0\nOct\n37.1\n199.8\n0.0\n0.0\n51.7\n0.0\n288.6\n0.0\n483.1\n179.7\n102.2\n124.0\n1177.6\nNov\n53.2\n217.5\n0.0\n0.0\n32.8\n0.0\n303.5\n0.0\n512.4\n169.3\n109.0\n123.5\n1217.6\n Dec\n0.1\n47.0\n224.9\n0.0\n0.2\n52.6\n0.0\n324.8\n0.0\n512.9\n169.0\n102.9\n125.3\n1234.9\n2015\nJan\n0.1\n37.3\n196.0\n0.0\n0.1\n51.8\n0.0\n307.1\n0.0\n511.6\n172.1\n105.8\n126.1\n1222.6\nFeb\n0.1\n32.1\n244.4\n0.0\n0.1\n51.9\n0.0\n328.6\n0.0\n522.9\n176.2\n106.8\n125.8\n1260.2\nMar\n0.1\n52.4\n214.4\n0.0\n0.1\n52.0\n0.0\n319.0\n0.0\n508.7\n180.0\n122.5\n125.5\n1255.5\nApr\n0.1\n32.5\n243.2\n0.0\n0.1\n60.4\n0.0\n336.3\n0.0\n520.2\n182.5\n118.3\n124.8\n1282.0\nMay\n0.1\n33.6\n257.7\n0.0\n0.1\n60.1\n0.0\n351.5\n0.0\n448.7\n235.1\n137.5\n125.2\n1298.0\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n26 \n \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2013\nMay\n315.3\n212.0\n527.4\n26.6\n49.4\n193.3\n23.6\n820.2\n527.4\nJun\n309.0\n222.6\n531.6\n0.0\n0.0\n198.3\n100.4\n830.3\n531.6\nJul\n339.1\n222.8\n561.9\n21.7\n50.2\n202.0\n23.5\n859.2\n561.9\nAug\n298.4\n270.1\n568.4\n0.0\n0.0\n206.3\n95.8\n873.1\n568.4\nSep\n336.1\n246.9\n583.0\n20.8\n77.8\n209.2\n23.4\n914.1\n583.0\nOct\n310.9\n264.9\n575.8\n21.0\n74.4\n212.0\n24.0\n907.2\n575.8\nNov\n328.9\n244.3\n573.1\n21.0\n72.3\n214.8\n25.4\n906.7\n573.1\nDec\n370.3\n197.3\n567.6\n30.8\n75.8\n219.5\n27.3\n921.0\n567.6\n2014\nJan\n313.9\n253.1\n567.0\n26.1\n80.6\n225.9\n29.5\n929.1\n567.0\nFeb\n318.7\n264.4\n583.1\n25.1\n81.3\n228.6\n25.8\n943.9\n583.1\nMar\n374.6\n234.6\n609.2\n24.7\n79.6\n231.4\n25.2\n970.1\n609.2\nApr\n358.4\n262.7\n621.1\n24.9\n76.5\n234.0\n25.4\n981.9\n621.1\nMay\n436.2\n233.2\n669.4\n24.7\n77.3\n238.0\n17.1\n1026.7\n669.4\nJun\n440.1\n212.2\n652.3\n34.8\n78.9\n243.1\n17.3\n1026.3\n652.3\nJul\n362.4\n302.9\n665.3\n30.1\n104.3\n244.2\n17.5\n1061.3\n665.3\nAug\n358.8\n336.8\n695.5\n35.7\n105.7\n250.6\n21.2\n1108.7\n695.5\nSep\n394.8\n297.6\n692.4\n54.2\n106.9\n253.5\n23.9\n1131.0\n692.4\nOct\n364.5\n368.0\n732.5\n54.2\n105.3\n258.5\n27.3\n1177.7\n732.5\nNov\n376.9\n392.0\n768.9\n54.6\n104.4\n262.9\n27.2\n1217.8\n768.9\nDec\n400.9\n387.5\n788.4\n54.2\n102.0\n262.7\n27.6\n1234.9\n788.4\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1222.6\n770.2\nFeb\n405.8\n400.3\n806.2\n53.6\n98.3\n272.9\n29.2\n1260.2\n806.2\nMar\n408.1\n386.3\n794.4\n50.8\n108.8\n275.8\n25.8\n1255.5\n794.4\nApr\n464.1\n364.8\n828.9\n48.3\n99.4\n276.8\n28.7\n1282.0\n828.9\nMay\n472.0\n391.6\n863.6\n48.5\n87.4\n270.7\n27.8\n1298.0\n863.6\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ Millions \nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n27 \n \n \n \n \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$) Volume of Shares\nUS$ Millions\n2014\nJan\n189.25\n35.4\n63,972,387.0\n170,104,078\n4,882.1\nFeb\n189.45\n39.24\n25,811,746.9\n135,455,029\n4,906.9\nMar\n176.32\n29.51\n28,884,400.2\n381,649,234\n4,560.3\nApr\n172.91\n29.64\n51,346,054.5\n429,085,166\n4,473.5\nMay\n174.89\n35.45\n35,903,574.8\n235,704,129\n4,485.1\nJun\n186.57\n61.32\n28,544,304.7\n178,469,676\n4,873.4\nJuly\n188.07\n95.00\n25,224,550.4\n322,407,141\n4,959.2\nAug\n196.43\n104.8\n66,399,632.9\n328,161,452\n5,186.6\nSep\n195.25\n92.75\n34,056,010.7\n210,942,393\n5,140.2\nOct\n177.88\n70.38\n28,256,642.5\n156,444,539\n4,664.8\nNov\n171.45\n64.39\n34,765,242.8\n155,854,066\n4,517.9\nDec\n162.79\n71.71\n29,701,204.8\n475,024,051\n4,327.0\n2015\nJan\n164.9\n58.13\n16,062,740.8\n57,390,451\n4,365.1\nFeb\n167.16\n55.38\n34,775,616.2\n119,324,114\n4,353.4\nMar\n158.22\n43.92\n18,903,881.0\n405,884,918\n4,117.1\nApr\n156.23\n42.93\n29,188,562.0\n563,833,853\n4,066.1\nMay\n152.96\n44.45\n23,280,422.2\n290,320,685\n3,978.1\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \nMONTHLY ECONOMIC REVIEW \n28 \n \n \nCommercial\nBuilding \nEnd of\nBanks\nP.O.S.B.\nSocieties\nTOTAL\n2014\nMay\n1,427.5\n77.5\n669.4\n2,209.0\nJun\n1,495.8\n81.3\n652.3\n2,262.6\nJul\n1,499.5\n84.2\n665.3\n2,282.7\nAug\n1,502.9\n84.0\n695.5\n2,322.9\nSep\n1,573.8\n88.6\n692.4\n2,388.8\nOct\n1,525.0\n87.5\n732.5\n2,378.7\nNov\n1,469.9\n89.8\n768.9\n2,361.8\nDec\n1,473.1\n84.8\n788.4\n2,377.5\n2015\nJan\n1,557.9\n86.3\n770.2\n2,455.2\nFeb\n1,487.7\n90.4\n806.2\n2,384.2\nMar\n1,453.7\n93.6\n794.4\n2,353.9\nApr\n1,573.3\n90.4\n828.9\n2,492.6\nMay\n1,630.6\n89.2\n863.6\n2,583.4\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n29 \n \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2014\nMay\n1,700.6\n1,116.7\n583.9\n1.9\n23.2\n-21.3\nJun\n1,716.1\n1,123.4\n592.7\n1.2\n22.8\n-21.6\nJul\n1,553.7\n1,089.0\n464.7\n0.9\n22.9\n-22.0\nAug\n1,618.6\n1,111.6\n507.0\n1.3\n23.0\n-21.7\nSep\n1,664.2\n1,129.4\n534.7\n1.1\n22.5\n-21.3\nOct\n1,644.7\n1,135.7\n508.9\n1.7\n22.1\n-20.3\nNov\n1,602.2\n1,110.5\n491.7\n1.0\n21.8\n-20.8\nDec\n1,571.0\n1,107.9\n463.1\n1.7\n20.4\n-18.7\n2015\nJan\n1,581.9\n1,084.2\n497.7\n2.0\n24.0\n-22.0\nFeb\n1,524.2\n1,070.2\n454.0\n2.5\n23.6\n-21.2\nMar\n1,543.8\n1,077.9\n465.9\n2.1\n24.2\n-22.1\nApr\n1,528.6\n1,101.6\n427.0\n0.6\n19.2\n-18.6\nMay\n1,779.2\n1,128.7\n650.4\n0.6\n19.2\n-18.5\n1/ With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%. \nUS$ Millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \nMONTHLY ECONOMIC REVIEW \n30 \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2014\nJan\n3093.01\n5.24\n102.26\n233.1\n228.25\n68.31\nFeb\n2954.93\n10.73\n96.27\n193.9\n217.14\n64.42\nMar\n3332.79\n10.4\n103.58\n232.94\n255.32\n87.94\nApr\n3439.33\n9.66\n126.26\n253.16\n264.38\n96.29\nMay\n3915.31\n13.65\n117.11\n181.35\n146.64\n121.98\nJun\n3657.44\n12.42\n110.38\n250.87\n284.18\n104.28\nJul\n3955.45\n11.72\n125.81\n267\n312.35\n101.75\nAug\n3467.34\n9.36\n135.9\n273.39\n320.36\n103.26\nSep\n4037.98\n11.16\n138.09\n280.8\n341.23\n115.94\nOct\n3843.84\n13.58\n150.09\n291.68\n362.30\n117.40\nNov\n4104.33\n9.33\n160.40\n299.94\n358.76\n103.76\nDec\n4615.04\n11.53\n148.5\n336.65\n395.93\n124.33\nAnnual Total\n44416.79\n128.78\n1514.646\n3094.779\n3486.839\n1209.657\n2015\nJan\n3659.00\n11.81\n154.43\n311.94\n352.18\n113.46\nFeb\n3221.13\n13.69\n141.79\n275.8\n334.62\n104.62\nMar\n3801.96\n11.11\n131.97\n298.30\n364.69\n111.70\nApr\n3919.47\n10.81\n133.99\n299.67\n341.22\n112.38\nMay\n3467.1\n13.08\n128.76\n316.66\n389.97\n124.5\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ millions)\n \n \nMONTHLY ECONOMIC REVIEW \n31 \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2014\nJan\n182.48\n29.41\n973.79\n815.89\n11141.19\n24.19\nFeb\n175.09\n32.95\n991.91\n799.12\n10631.6\n25.1\nMar\n192.02\n32.35\n1163.76\n947.64\n12859.5\n30.82\nApr\n183.63\n28.12\n1184.85\n974.37\n13298.04\n29.23\nMay\n215.2\n37.09\n954.18\n793.43\n12146.9\n38.68\nJun\n193.58\n32.98\n1164.73\n966.45\n14163.56\n34.25\nJul\n199.59\n34.34\n1272.91\n1038.44\n15370.63\n37.68\nAug\n170.86\n27.25\n1300.35\n1122.41\n16268.07\n33.84\nSep\n197.88\n30.39\n1158.84\n1057.48\n15991.79\n39.35\nOct\n200.32\n34.58\n1193.38\n1086.16\n17527.40\n40.96\nNov\n171.45\n27.66\n1143.69\n1077.30\n17876.31\n42.01\nDec\n189.83\n27.49\n1161.59\n1162.71\n19347.91\n40.49\nAnnual Total\n2271.926\n374.61\n13663.98\n11841.396\n176622.897\n416.599\n2015\nJan\n170.77\n29.55\n1174.09\n1124.49\n16903.26\n37.60\nFeb\n172.25\n32.23\n1140.94\n1027.88\n16160.42\n39.94\nMar\n191.64\n30.33\n1183.64\n1110.17\n18211.89\n44.48\nApr\n180.34\n26.98\n1151.25\n1107.52\n17269.69\n43.55\nMay\n179.76\n27.38\n1052.50\n1123.77\n18684.62\n43.22\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nVolumes of Transactions (in thousands)\n \n \n32 \n \nMONTHLY ECONOMIC REVIEW", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/May2015.pdf"}

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+{"doc_id": "0363f801761085d2fe9e85ab1940b6bb", "text": "[Date] \n \n \n \n \nJULY 2016 \n \n \ni \n \nMONTHLY ECONOMIC REVIEW \nTABLE OF CONTENTS \nSELECTED ECONOMIC INDICATORS ________________________________________ 1 \nSTOCK MARKET DEVELOPMENTS __________________________________________ 2 \nMONETARY DEVELOPMENTS ______________________________________________ 3 \nINFLATION OUTTURN ______________________________________________________ 4 \nAnnual Inflation __________________________________________________________________ 4 \nMonthly Inflation _________________________________________________________________ 5 \nNATIONAL PAYMENTS SYSTEM ____________________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ______________________________ 5 \nCash Transactions _________________________________________________________________ 6 \nMobile and Internet Based Transactions ______________________________________________ 6 \nCard Based Transactions ___________________________________________________________ 6 \nCheque Transactions ______________________________________________________________ 6 \n \n \n \n \n \n \n \n1 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n2016 \nJune \n2016 \nJuly \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n24.7 \n25.7 \n4.05% \nZ.S.E. Industrial Index1 \n101.0 \n98.8 \n-2.18% \nNational Payment System Transactions \n(US$ millions) \n6 948.8 \n6 319.33 \n-9.06% \nMoney Supply (US$ millions)2 \n5 140.7 \n5 138.0 \n-0.05% \nMoney Supply (M3) Annual Growth2 (%) \n13.13 \n14.84 \n \nYearly Inflation3 (%) \n-1.4 \n-1.6 \n \nMonthly Inflation3 (%) \n0.19 \n-0.19 \n \nNominal Lending Rate2 (% per annum) \n4.0-18.0 \n4.0-18.0 \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \nMONTHLY ECONOMIC REVIEW \n2 \n \nSTOCK MARKET DEVELOPMENTS \n \nMajor stock markets in the USA, Europe and \nAsia recorded gains during the month of July \n2016. In Africa, trading was largely bullish in \nmajor stock markets during the same month. \nIncreases were recorded in Egypt, 14.3%; \nMorocco, 3.8%; South Africa, 3.3%; Kenya, \n1.3%; and Tunisia, 0.9%. Losses were, however, \nrecorded in Nigeria, -0.2%. \n \nThe Zimbabwe Stock Exchange (ZSE) was \nbearish during the period under review. This \nfollowed the adverse impact of liquidity \nconstraints, coupled with the El Nino induced \ndrought, which have resulted in subdued \neconomic activity. \n \nConsequently, the mainstream index declined by \n2.18%, to close at 98.84 points in July 2016. The \nresources index, however, increased by 4.05% to \nclose at 25.72 points in July 2016, from 24.70 \npoints in June 2016. \n \n \nThe volume of shares traded at the ZSE fell by \n35.36%, from 88 525 472 shares recorded in the \npreceding month to 57 222 624 shares in July \n2016. \n \nMarket turnover registered a 34.44% decline, \nfrom US$18.06 million in June 2016 to \nUS$11.84 million in July 2016. This partly \nreflected thin trading on the ZSE due to bearish \ninvestor sentiment. \n \nForeign investors remained skeptical about \nZimbabwe’s investment climate and this resulted \nin \nsignificant \ndisinvestments \nin \nheavily \ncapitalised counters. In consequence, net foreign \ncapital outflows increased from US$4.5 million \nin June 2016, to US$5.2 million in July 2016. \n \n \nSource: Zimbabwe Stock Exchange, 2016 \nMarket capitalisation fell by 0.36%, from \nUS$2.78 billion in the previous month to \nUS$2.77 billion in July 2016, on account of \n0\n20\n40\n60\n80\n100\n120\n140\n160\n31-Jul-15\n31-Aug-15\n30-Sep-15\n31-Oct-15\n30-Nov-15\n31-Dec-15\n31-Jan-16\n29-Feb-16\n31-Mar-16\n30-Apr-16\n31-May-16\n30-Jun-16\n31-Jul-16\nFigure 1: ZSE Indices\nIndustrial\nMining\n0.00\n5.00\n10.00\n15.00\n20.00\n25.00\n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n300.00\nJun-15\nJul-15\nAug-15\nSep-15\nOct-15\nNov-15\nDec-15\nJan-16\nFeb-16\nMar-16\nApr-16\nMay-16\nJun-16\nJul-16\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nFigure 2: ZSE: Monthly Volumes \nFigure 2: ZSE: Monthly Volumes and Values Tra\nand Values Traded\nVolume\nTurnover\nSource: Zimbabwe Stock Exchange, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n3 \n \nlosses in the mainstream index. Cumulatively, \nthe market lost US$1.1 billion during the period \nend July 2015 to end July 2016. \nMONETARY DEVELOPMENTS \n \nThe annual broad money supply growth rate \nincreased by 1.71 percentage points to 14.84% in \nJuly 2016, from 13.13% in June 2016. Growth in \nmoney supply was partly underpinned by \ntobacco related foreign exchange inflows. As at \nend July 2016, US$558.41 million had been \nrealised from the sale of 190.05 million \nkilograms of tobacco. \n \n \nSource: Reserve Bank of Zimbabwe, 2016 \nAnnual growth in money supply was on the back \nof increases in demand and savings deposits \nwhich stood at 31.96% and 25.95%, respectively. \nPartially offsetting these increases were declines \nof 15.21% and 4.40% in under 30-days and over \n30-days deposits, respectively. \n \nIn terms of proportions, demand deposits \nconstituted 53.8% of total deposits; followed by \nover 30-days deposits, 19.4%; under 30-days \ndeposits, 14.3%; and savings deposits, 12.5%. \n \nOn a month-on-month basis, broad money supply \ndeclined by 0.05%, from US$5 140.7 million in \nJune 2016 to close the month of July 2016 at \nUS$5 138.0 million. \n \n \nBanking sector credit recorded a 15.2% annual \nincrease, from US$4 999.4 million in July 2015 \nto US$5 759.4 million in July 2016. \n \nMonthly credit to the private sector decreased by \n2.3%, from US$3 571.6 million in June 2016 to \nUS$3 488.30 in July 2016. Banks continued to \n-2\n0\n2\n4\n6\n8\n10\n12\n14\n16\n18\n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\nOct-13\nJan-14\nApr-14\nJul-14\nOct-14\nJan-15\nApr-15\nJul-15\nOct-15\nJan-16\nApr-16\nJul-16\n%\nUS$ BILLIONS\nFigure 3: Money Supply\nFigure 3: Money Supply\nM3\nM3 Annual Growth rate\nUnder 30 \nDays\n12.5%\nOver 30 \nDays\n19.4%\nDemand\n53.8%\nsavings\n14.3%Figure 4: Bankin\nFigure 4: Banking Sector Deposits July 2016\nDeposits July 2016\nSource: Reserve Bank of Zimbabwe, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n4 \n \nreduce lending due to the difficult economic \nenvironment and high levels of non-performing \nloans. \n \nIn proportions, credit to the private sector was in \nthe form of loans and advances, 86.1%; \nmortgages, 9.8%; other investments, 3.8%; \nbankers’ \nacceptances, \n0.3%; \nand \nbills \ndiscounted, 0.1%. \n \nSource: Reserve Bank of Zimbabwe, 2016 \n \nDuring the period under review, outstanding \ncredit to the private sector was distributed as \nfollows: households, 24.4%; agriculture, 18.7%; \nservices, \n18.3%; \nmanufacturing, \n15.8%; \ndistribution, 10.8%; mining, 5.3%; financial \norganisations and investments, 2.8%; transport \nand communications, 2.0%; construction, 1.6%; \nand other, 0.4%. \nThe credit was utilised as follows: working \ncapital, 34.3%; inventory build-up, 32.7%; \nconsumer \ndurables, \n16.0%; \nfixed \ncapital \ninvestment, 15.3%; and pre and post shipment \nfinancing, 1.8%. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nAnnual headline inflation stood at -1.6% in \nJuly 2016, representing a deceleration of \n0.2 percentage points from the June 2016 rate of \n-1.4%. This was largely on account of a decline \nin non-food inflation. \n \nSource: ZIMSTAT, 2016 \nLoans & Advances\n86.1%\nBills \nDiscounted\n0.1%\nBankers \nacceptances\n0.3%\nOther \ninvestments\n3.8%\nMortgages\n9.8%Figure 5: Credit to Private Sector \nFigure 5: Credit to Private Sector July 2016\nJuly 2016\n-5\n-4\n-3\n-2\n-1\n0\n1\n2\nFigure 6: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n \n \nMONTHLY ECONOMIC REVIEW \n5 \n \nAnnual food inflation firmed to -3.8% in \nJuly 2016, from -4.0% recorded in June 2016. \nThe 0.2 percentage points increase was largely \nattributable to increases in prices of bread and \ncereals; sugar; jam; honey and fish and sea food. \n \nYear-on-year, non-food inflation decelerated \nfrom -0.1% in June 2016 to -0.6% in July 2016. \nThis was mainly on account of declines in \nfurniture and household equipment; transport; \nhousing; water; electricity; gas and other fuels; as \nwell as clothing and footwear categories. The \ndeclines were, however, partially offset by \nincreases in education. \n \nMonthly Inflation \n \n \nMonth-on-month inflation moved into negative \nterritory, shedding 0.38 percentage points to \nclose at -0.19% in July 2016. This followed \ndeclines in both food and non-food inflation. \n \nFood inflation fell from -0.35% in June 2016 to \n-0.52% in July 2016, due to declines in prices of \nvegetables; meat; and milk, cheese and eggs; \namong other items. Partially offsetting the \ndeclines was a 0.78% increase in oils and fats. \n \nNon-food inflation decelerated from 0.44% in \nJune 2016 to -0.03% in July 2016. This was \nlargely \nattributable \nto \ndeclines \nin \ncommunication; clothing and footwear; health; \nand transport, among others. \nNATIONAL PAYMENTS SYSTEM \n \nTransactions processed through the National \nPayment System (NPS) recorded a 9% decline, \nfrom US$6 948.80 million in June 2016, to close \nthe month of July 2016 at US$6 319.33 million. \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of RTGS transactions registered a 13% \ndecline, from US$4 522.24 million in the \nprevious month, to US$3 911.78 million during \nthe month under review. RTGS transaction \nvolumes also fell from 268 192 in June 2016 to \n242 373 in July 2016. \n \nSource: Reserve Bank of Zimbabwe, 2016 \n \n \n \n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nJul-13\nNov-13\nMar-14\nJul-14\nNov-14\nMar-15\nJul-15\nNov-15\nMar-16\nJul-16\n -\n 50\n 100\n 150\n 200\n 250\n 300\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 7: Z\nFigure 7: ZETSS Volumes and Values\nValues\nVolume\nValue\n \n \nMONTHLY ECONOMIC REVIEW \n6 \n \n \nCash transactions \n \nDuring the month of July 2016 cash transactions \ndecreased by 2% to US$530.60 million in July \n2016, from US$543.94 million in June 2016. \n \nMobile and Internet Based Transactions \n \nMobile and internet based transaction values rose \nfrom US$639.19 million as at end June 2016, to \nclose \nthe \nmonth \nof \nJuly \n2016 \nat \n US$709.26 million. \n \nCard Based Transactions \n \nCard \nbased \ntransactions \nstood \nat \nUS$406.35 million as at the end of July 2016, up \nfrom US$335.40 million in June 2016. \n \nCheque Transactions \n \nThe value of cheque transactions recorded a 10% \ndecline, from US$10.26 million registered in \nJune 2016, to close the month under review at \nUS$9.20 million. \n \nRESERVE BANK OF ZIMBABWE \nSEPTEMBER 2016\n \n \n \n7 \n \nMONTHLY ECONOMIC REVIEW \nStatistical Tables \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 9 \n \n1.2 Broad Money Survey \n \n \n \n \n \n10 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n11 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n12 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 13 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n14 \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n15 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n16 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n17 \n \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n18 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n19 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n20 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n21 \n \n7.2 Liabilities \n \n \n \n \n \n \n22 \n \n \n \nMONTHLY ECONOMIC REVIEW \n8 \n \n \n8. Merchant Banks \n \n8.1 Assets \n \n \n \n \n \n \n \n23 \n \n8.2 Liabilities \n \n \n \n \n \n \n24 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n25 \n \n9.2 Liabilities \n \n \n \n \n \n \n26 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n27 \n \n11. Savings with Financial Institutions \n \n \n \n \n28 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n29 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n30 \n \n13.2 Volumes of Transactions \n \n \n \n \n31 \n \n \n \n \n \n \n \n \n \n \n9 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nFebruary\nMarch\nApril\nMay\nJune\nJuly\nBond Coins\n2,719.3\n3,016.3\n3,425.5\n4,445.3\n5,789.3\n7,127.0\n7,355.5\n7,457.3\n7,612.1\n7,758.5\n8,005.8\n8,106.8\n8,243.2\nRBZ Demand Deposits\n3,889.6\n3,480.3\n3,478.9\n3,485.7\n2,470.9\n726.0\n1,832.8\n2,086.4\n1,423.3\n5,061.6\n3,602.5\n3,701.2\n9,125.9\nComm. Banks Dem. Deposits\n2,023,527.6\n2,168,409.0\n2,166,471.3\n2,149,026.8\n2,358,226.5\n2,362,538.7\n2,430,098.0\n2,409,398.2\n2,510,951.1\n2,575,573.8\n2,644,003.9\n2,743,164.8\n2,690,977.0\nMerchant Banks Dem. Deposits\n62,949.9\n62,949.9\n62,157.8\n61,925.6\n58,750.3\n58,524.4\n58,511.7\n58,304.5\n58,315.0\n58,346.2\n58,364.1\n58,364.1\n58,350.7\nM1\n2,093,086.3\n2,237,855.5\n2,235,533.5\n2,218,883.4\n2,425,237.0\n2,428,916.0\n2,497,798.0\n2,477,246.4\n2,578,301.4\n2,646,740.1\n2,713,976.2\n2,813,336.8\n2,766,696.7\nComm. Banks Savings Deposits\n239,113.1\n227,534.6\n230,176.6\n231,465.3\n259,856.4\n266,166.6\n280,598.5\n291,567.7\n290,006.1\n299,136.9\n282,597.7\n270,213.2\n346,442.2\nBuilding Soc. Savings Deposits\n275,914.5\n277,271.4\n230,176.6\n294,208.3\n308,439.9\n296,041.8\n297,854.8\n305,980.4\n311,092.0\n317,629.3\n332,211.2\n313,154.7\n313,391.2\nP O S B Savings Deposits\n68,785.7\n71,554.2\n77,161.5\n73,380.5\n76,307.7\n72,505.8\n73,735.7\n73,847.9\n74,405.9\n80,067.6\n79,203.4\n79,502.7\n75,483.3\nComm. Banks U-30 Day Deposits\n587,421.2\n505,981.9\n613,287.8\n565,136.6\n565,317.5\n650,234.3\n597,527.6\n588,796.4\n506,719.1\n574,185.2\n674,068.8\n546,356.7\n552,519.8\nMerchant Banks U-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. U- 30 Day Deposits\n171,250.8\n156,077.5\n190,548.2\n144,911.8\n127,578.2\n165,352.5\n131,683.2\n123,683.2\n108,106.2\n171,635.9\n118,100.1\n134,140.9\n90,761.4\nM2\n3,435,571.6\n3,476,275.0\n3,576,884.3\n3,527,985.9\n3,762,736.7\n3,879,217.1\n3,879,197.9\n3,861,122.0\n3,868,630.7\n4,089,395.1\n4,200,157.3\n4,156,705.0\n4,145,294.6\nComm. Banks O-30 Day Deposits\n651,895.8\n622,991.6\n611,608.0\n628,213.7\n503,244.7\n420,265.1\n424,676.9\n449,879.1\n573,809.8\n519,330.5\n438,306.5\n554,032.6\n522,523.5\nMerchant Banks O-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n351,579.9\n340,974.7\n303,177.5\n409,350.0\n444,267.1\n432,822.3\n413,975.8\n421,729.2\n438,461.8\n361,565.5\n374,720.6\n390,530.0\n429,065.6\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\nP O S B Time Deposits\n23,646.5\n21,540.3\n24,019.0\n24,010.2\n23,668.6\n21,851.3\n25,326.6\n24,881.2\n24,640.9\n23,321.3\n26,430.9\n28,174.9\n29,891.3\nM3\n4,473,960.3\n4,473,048.2\n4,526,955.4\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\n5,140,709.1\n5,138,041.5\nSource:Reserve Bank of Zimbabwe, 2016\n2015\n2016\nTABLE 1.1 : MONETARY AGGREGATES\n US$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n10 \n \n \n \nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nJULY\nNET FOREIGN ASSETS \n-723,772.8\n-727,785.7\n-715,689.4\n-822,417.2\n-771,548.0\n-667,684.9\n-688,591.4\n-780,139.7\n-728,823.7\n-803,152.0\n-897,595.5\n-682,718.0\n-569,021.5\n Assets\n843,689.2\n867,447.1\n889,018.6\n784,372.6\n667,350.7\n792,677.3\n758,634.6\n679,001.9\n687,149.8\n637,447.5\n623,538.1\n667,173.2\n663,489.3\n Reserve Bank (RBZ)\n395,771.0\n360,705.6\n360,255.9\n335,321.7\n300,180.5\n433,452.9\n424,269.1\n390,810.3\n334,552.7\n354,608.4\n407,381.8\n389,004.0\n380,890.0\n Deposit Money Banks (DMBs) \n361,517.6\n428,702.8\n448,219.8\n387,305.0\n310,522.6\n300,320.1\n302,773.5\n259,017.9\n318,832.0\n269,044.4\n200,060.3\n256,915.8\n267,266.8\n Other Banking Institutions (OBIs) \n86,400.6\n78,038.7\n80,542.9\n61,745.9\n56,647.6\n58,904.3\n31,592.0\n29,173.7\n33,765.2\n13,794.7\n16,096.0\n21,253.4\n15,332.5\n Liabilities \\2\n-1,567,462.0\n-1,595,232.7\n-1,604,707.9\n-1,606,789.8\n-1,438,898.6\n-1,460,362.2\n-1,447,226.0\n-1,459,141.6\n-1,415,973.5\n-1,440,599.5\n-1,521,133.6\n-1,349,891.2\n-1,232,510.8\n RBZ\n1,039,959.7\n1,056,817.9\n1,057,080.8\n1,069,972.4\n1,048,664.8\n1,096,800.8\n1,090,485.7\n1,117,823.6\n1,075,644.5\n1,117,787.5\n1,184,783.0\n1,042,014.2\n935,954.6\n DMBs\n478,956.0\n490,791.1\n504,085.0\n494,458.0\n347,787.2\n320,578.9\n313,434.2\n299,029.1\n303,288.3\n285,945.2\n300,200.0\n272,477.2\n260,900.2\n OBIs\n48,546.3\n47,623.8\n43,542.1\n42,359.5\n42,446.6\n42,982.5\n43,306.1\n42,288.9\n37,040.8\n36,866.8\n36,150.7\n35,399.8\n35,656.0\nNET DOMESTIC ASSETS \n5,197,733.1\n5,200,833.8\n5,301,713.1\n5,423,243.6\n5,516,731.6\n5,433,107.3\n5,443,035.2\n5,549,017.8\n5,645,633.4\n5,808,031.0\n5,948,477.4\n5,823,427.1\n5,707,063.0\nDOMESTIC CREDIT\n4,981,511.5\n5,029,107.1\n5,079,842.4\n5,196,662.7\n5,345,272.0\n5,535,396.4\n5,476,442.4\n5,489,962.3\n5,542,678.3\n5,623,621.7\n5,627,841.4\n5,719,589.2\n5,759,394.1\n Claims on Government (net) \n1,160,044.8\n1,192,006.7\n1,182,354.0\n1,253,218.7\n1,359,827.4\n1,564,354.7\n1,530,792.2\n1,671,934.4\n1,691,128.7\n1,804,057.3\n1,834,775.4\n1,948,003.0\n2,028,573.1\n RBZ\n243,082.9\n244,517.6\n254,297.8\n271,997.2\n314,096.4\n331,552.1\n355,230.5\n418,006.5\n446,003.9\n456,287.0\n468,433.1\n508,837.0\n552,972.5\n DMBs\n845,865.3\n860,228.9\n838,982.9\n890,154.0\n954,556.6\n1,119,720.1\n1,068,095.4\n1,153,295.1\n1,166,120.4\n1,226,195.8\n1,241,961.8\n1,305,509.6\n1,342,573.5\n OBIs\n71,096.6\n87,260.2\n89,073.3\n91,067.5\n91,174.4\n113,082.5\n107,466.4\n100,632.7\n79,004.4\n121,574.4\n124,380.4\n133,656.4\n133,027.1\n Claims on Public Enterprises \n48,641.8\n56,508.0\n54,523.7\n84,877.1\n83,806.0\n140,910.1\n145,507.6\n120,445.0\n179,370.7\n185,698.9\n197,207.6\n199,989.6\n242,550.6\n RBZ\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n78,226.4\n91,056.2\n99,304.3\n138,657.6\n DMBs\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n99,643.7\n102,872.2\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n99,643.7\n102,872.2\n OBIs\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n951.8\n904.0\n1,063.1\n1,041.6\n1,020.8\n Claims on Private Sector\n3,772,824.9\n3,780,592.5\n3,842,964.7\n3,858,567.0\n3,901,638.6\n3,830,131.6\n3,800,142.6\n3,697,582.8\n3,672,178.9\n3,633,865.5\n3,595,858.4\n3,571,596.6\n3,488,270.3\n RBZ\n66,722.4\n92,768.9\n67,359.3\n75,959.6\n77,442.5\n90,549.5\n93,049.5\n74,614.5\n56,342.7\n58,614.2\n58,864.7\n49,967.1\n50,177.0\n DMBs\n2,910,157.5\n2,875,477.3\n2,956,930.6\n2,950,844.9\n2,981,759.1\n2,874,287.6\n2,860,825.0\n2,773,512.1\n2,774,147.9\n2,736,322.0\n2,691,318.7\n2,681,469.9\n2,571,743.7\n OBIs\n795,945.0\n812,346.3\n818,674.8\n831,762.5\n842,437.0\n865,294.5\n846,268.2\n849,456.3\n841,688.3\n838,929.3\n845,675.0\n840,159.6\n866,349.6\nOTHER ITEMS (NET) \n216,221.6\n171,726.7\n221,870.7\n226,580.9\n171,459.6\n-102,289.2\n-33,407.2\n59,055.5\n102,955.1\n184,409.4\n320,636.1\n103,837.9\n-52,331.0\nBROAD MONEY (M3) \n4,473,960.3\n4,473,048.2\n4,586,023.7\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\n5,140,709.1\n5,138,041.5\nSource:Reserve Bank of Zimbabwe, 2016\n1. Building societies and P. O. S. B.\n2. Sign reversal.\n2015\n2016\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n11 \n \n \n \nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nJULY\nNET FOREIGN ASSETS \n51,739.9\n-4,012.9\n12,096.3\n-106,727.8\n50,869.2\n103,863.0\n-20,906.5\n-91,548.3\n51,316.0\n-74,328.3\n-94,443.6\n214,877.6\n113,696.5\n Assets\n-82,664.5\n23,757.8\n21,571.5\n-104,646.0\n-117,021.9\n125,326.6\n-34,042.7\n-79,632.7\n8,148.0\n-49,702.3\n-13,909.4\n43,635.1\n-3,683.9\n Reserve Bank (RBZ)\n-58,215.1\n-35,065.4\n-449.7\n-24,934.2\n-35,141.2\n133,272.4\n-9,183.8\n-33,458.8\n-56,257.6\n20,055.8\n52,773.4\n-18,377.7\n-8,114.0\n Deposit Money Banks (DMBs)\n-29,090.7\n67,185.1\n19,517.0\n-60,914.8\n-76,782.4\n-10,202.5\n2,453.4\n-43,755.6\n59,814.1\n-49,787.5\n-68,984.1\n56,855.5\n10,351.0\n Other Banking Institutions (OBIs) \\1\n4,641.3\n-8,361.9\n2,504.2\n-18,797.0\n-5,098.3\n2,256.7\n-27,312.3\n-2,418.3\n4,591.5\n-19,970.5\n2,301.3\n5,157.4\n-5,920.9\n Liabilities \\2\n134,404.3\n-27,770.7\n-9,475.2\n-2,081.9\n167,891.2\n-21,463.6\n13,136.2\n-11,915.5\n43,168.1\n-24,626.0\n-80,534.1\n171,242.4\n117,380.4\n RBZ\n-53,346.7\n16,858.2\n262.9\n12,891.6\n-21,307.6\n48,136.0\n-6,315.1\n27,337.9\n-42,179.1\n42,143.1\n66,995.5\n-142,768.8\n-106,059.7\n DMBs\n-81,349.8\n11,835.0\n13,293.9\n-9,627.0\n-146,670.7\n-27,208.4\n-7,144.6\n-14,405.1\n4,259.2\n-17,343.1\n14,254.8\n-27,722.8\n-11,577.0\n OBIs\n292.2\n-922.5\n-4,081.6\n-1,182.7\n87.1\n535.9\n323.5\n-1,017.2\n-5,248.1\n-174.0\n-716.1\n-750.9\n256.2\nNET DOMESTIC ASSETS \\3\n-121,789.3\n3,100.7\n100,879.2\n121,530.5\n93,488.0\n-83,624.4\n9,928.0\n105,982.5\n96,615.7\n162,397.6\n140,446.4\n-125,050.3\n-116,364.1\nDOMESTIC CREDIT\n112,439.1\n47,595.6\n50,735.3\n116,820.4\n148,609.3\n190,124.4\n-58,954.0\n13,519.9\n52,716.0\n80,943.4\n4,219.7\n91,747.9\n39,804.8\n Claims on Government (net) \n85,807.2\n31,961.9\n-9,652.6\n70,864.7\n106,608.7\n204,527.3\n-33,562.5\n141,142.2\n19,194.3\n112,928.5\n30,718.1\n113,227.7\n80,570.1\n RBZ\n151,275.4\n1,434.7\n9,780.2\n17,699.4\n42,099.2\n17,455.7\n23,678.3\n62,776.1\n27,997.4\n10,283.1\n12,146.1\n40,403.9\n44,135.6\n DMBs\n-58,247.0\n14,363.6\n-21,245.9\n51,171.1\n64,402.6\n165,163.5\n-51,624.8\n85,199.8\n12,825.3\n60,075.4\n15,766.0\n63,547.8\n37,063.9\n OBIs\n-7,221.2\n16,163.6\n1,813.1\n1,994.2\n106.9\n21,908.1\n-5,616.0\n-6,833.7\n-21,628.3\n42,570.0\n2,806.0\n9,276.0\n-629.3\n Claims on Public Enterprises \n-4,506.4\n7,866.2\n-1,984.3\n30,353.4\n-1,071.0\n57,104.1\n4,597.4\n-25,062.5\n58,925.6\n6,328.3\n11,508.7\n2,782.0\n42,561.0\n RBZ\n742.4\n167.2\n325.0\n27,938.9\n12.5\n49,194.3\n-2,836.7\n-22,564.6\n16,188.3\n7,869.9\n12,829.8\n8,248.1\n39,353.3\n DMBs\n-4,743.6\n6,619.9\n-2,342.5\n2,560.3\n-843.4\n7,698.3\n7,645.6\n-2,520.4\n42,734.4\n-1,493.8\n-1,480.3\n-5,444.6\n3,228.5\n Agri-PEs\n-1,523.5\n-1,524.5\n-1,525.5\n-1,526.5\n-1,527.5\n-1,528.5\n-9,457.5\n-7,505.4\n-6,965.8\n-6,966.8\n-6,967.8\n-6,968.8\n-6,969.8\n Other\n-3,220.1\n8,144.4\n-816.9\n4,086.8\n684.1\n9,226.8\n17,103.1\n4,985.0\n49,700.2\n5,473.1\n5,487.6\n1,524.3\n10,198.3\n OBIs\n-505.2\n1,079.1\n33.1\n-145.7\n-240.1\n211.5\n-211.5\n22.5\n3.0\n-47.9\n159.1\n-21.5\n-20.8\n Claims on Private Sector\n31,138.3\n7,767.5\n62,372.2\n15,602.3\n43,071.6\n-71,507.0\n-29,989.0\n-102,559.8\n-25,403.9\n-38,313.4\n-38,007.1\n-24,261.7\n-83,326.3\n RBZ\n15,032.7\n26,046.5\n-25,409.6\n8,600.4\n1,482.9\n13,107.0\n2,500.0\n-18,435.0\n-18,271.7\n2,271.5\n250.4\n-8,897.6\n210.0\n DMBs\n9,527.4\n-34,680.2\n81,453.3\n-6,085.7\n30,914.2\n-107,471.5\n-13,462.6\n-87,312.9\n635.8\n-37,825.9\n-45,003.2\n-9,848.8\n-109,726.3\n OBIs\n6,578.2\n16,401.3\n6,328.5\n13,087.7\n10,674.5\n22,857.6\n-19,026.4\n3,188.1\n-7,768.0\n-2,759.0\n6,745.7\n-5,515.3\n26,190.0\nOTHER ITEMS (NET) \n-234,228.4\n-44,494.9\n50,144.0\n4,710.2\n-55,121.3\n-273,748.8\n68,882.0\n92,462.7\n43,899.6\n81,454.2\n136,226.7\n-216,798.2\n-156,168.9\nBROAD MONEY (M3) \n-70,049.4\n-912.2\n112,975.5\n14,802.7\n144,357.2\n20,238.7\n-10,978.5\n14,434.3\n147,931.7\n88,069.3\n46,002.9\n89,827.2\n-2,667.6\n Broad Money (M3) \n-1.54%\n-0.02%\n2.53%\n0.32%\n3.14%\n0.43%\n-0.23%\n0.30%\n3.10%\n1.79%\n0.92%\n1.78%\n-0.05%\n Domestic Credit \n2.31%\n0.96%\n1.01%\n2.30%\n2.86%\n3.56%\n-1.07%\n0.25%\n0.96%\n1.46%\n0.08%\n1.63%\n0.70%\n Claims on Private Sector\n0.83%\n0.21%\n1.65%\n0.41%\n1.12%\n-1.83%\n-0.78%\n-2.70%\n-0.69%\n-1.04%\n-1.05%\n-0.67%\n-2.33%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\n2015\n2016\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n12 \n \nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nJULY\nNET FOREIGN ASSETS \n-22,698.6\n-100,052.1\n-179,455.4\n-223,571.1\n-3,723.5\n51,716.5\n25,599.2\n-16,833.2\n-162,864.4\n-167,123.9\n-216,529.0\n92,794.6\n154,751.3\n Assets\n-183,460.8\n-212,180.1\n-216,884.3\n-214,670.1\n-160,163.5\n-103,502.5\n-72,324.8\n-58,831.6\n-128,929.8\n-118,045.9\n-187,662.4\n-259,180.5\n-180,199.9\n Reserve Bank (RBZ)\n68,475.7\n-50,976.1\n-260,229.1\n-172,834.3\n-34,353.8\n70,271.8\n67,607.2\n109,920.3\n52,382.6\n71,707.8\n104,163.2\n-64,982.0\n-14,881.0\n Deposit Money Banks (DMBs)\n-262,175.5\n-175,757.2\n33,238.4\n-45,036.0\n-106,467.2\n-162,792.6\n-103,107.2\n-141,455.7\n-150,731.3\n-155,323.7\n-218,661.6\n-133,692.5\n-94,250.8\n Other Banking Institutions (OBIs) \\1\n10,239.0\n14,553.2\n10,106.4\n3,200.1\n-19,342.5\n-10,981.7\n-36,824.9\n-27,296.3\n-30,581.0\n-34,430.0\n-73,164.0\n-60,506.0\n-71,068.1\n Liabilities \\2\n160,762.2\n112,128.0\n37,428.9\n-8,901.0\n156,440.0\n155,218.9\n97,924.0\n41,998.4\n-33,934.6\n-49,078.0\n-28,866.7\n351,975.1\n334,951.2\n RBZ\n-96,131.8\n-60,845.6\n19,340.3\n34,361.2\n18,611.0\n75,864.3\n83,389.7\n108,661.8\n217,549.1\n223,580.0\n315,851.6\n-51,292.1\n-104,005.1\n DMBs\n-83,111.7\n-63,177.9\n-46,073.7\n-13,602.2\n-162,923.9\n-219,844.2\n-170,029.2\n-139,327.3\n-169,893.9\n-163,052.9\n-274,592.8\n-287,828.7\n-218,055.8\n OBIs\n18,481.3\n11,895.4\n-10,695.4\n-11,858.0\n-12,127.1\n-11,239.0\n-11,284.5\n-11,332.9\n-13,720.6\n-11,449.1\n-12,392.1\n-12,854.3\n-12,890.3\nNET DOMESTIC ASSETS \\3\n272,589.1\n251,024.5\n376,976.5\n367,137.9\n333,441.6\n310,287.2\n388,719.3\n447,824.3\n709,354.1\n733,158.4\n779,443.5\n503,904.7\n509,329.9\nDOMESTIC CREDIT\n776,284.9\n794,638.6\n812,660.2\n865,327.7\n992,339.8\n1,156,742.8\n1,244,947.0\n1,240,909.9\n1,171,650.7\n1,093,844.4\n809,966.1\n850,516.8\n777,882.6\n Claims on Government (net) \n736,056.5\n754,533.2\n739,918.1\n782,714.1\n897,401.8\n1,048,718.3\n986,766.1\n1,122,755.2\n1,153,453.4\n1,138,798.4\n884,181.4\n873,765.5\n868,528.4\n RBZ\n289,241.2\n270,492.4\n290,213.2\n286,430.3\n328,127.9\n356,615.8\n367,824.5\n430,914.6\n468,278.0\n357,909.4\n370,585.4\n417,029.5\n309,889.6\n DMBs\n415,882.2\n448,362.7\n412,213.7\n457,069.2\n511,078.6\n631,757.3\n563,398.7\n643,214.9\n665,775.9\n727,359.2\n457,533.3\n401,397.3\n496,708.2\n OBIs\n30,933.0\n35,678.2\n37,491.3\n39,214.6\n58,195.3\n60,345.2\n55,543.0\n48,625.8\n19,399.5\n53,529.8\n56,062.7\n55,338.7\n61,930.5\n Claims on Public Enterprises \n-28,752.0\n-13,816.8\n-17,867.0\n12,502.1\n17,145.1\n74,160.0\n80,539.8\n51,500.7\n107,827.5\n83,224.6\n92,901.3\n146,841.4\n193,908.8\n RBZ\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n77,489.1\n89,969.1\n98,115.2\n136,726.1\n DMBs\n-30,883.4\n-17,194.6\n-21,602.9\n-19,027.0\n-14,156.5\n-6,547.4\n2,880.7\n-3,616.3\n38,245.6\n5,825.7\n2,652.3\n48,389.8\n56,361.9\n Agri-PEs\n-1,511.0\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n-1,518.5\n-1,519.5\n-1,520.5\n-1,521.5\n-1,522.5\n-1,523.5\n-1,524.5\n Other\n-29,372.5\n-15,680.0\n-20,087.4\n-17,511.5\n-12,639.9\n-5,029.8\n4,399.2\n-2,096.7\n39,766.1\n7,347.3\n4,174.9\n49,913.3\n57,886.4\n OBIs\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n-774.5\n-90.2\n279.9\n336.4\n820.8\n Claims on Private Sector\n68,980.4\n53,922.1\n90,609.0\n70,111.5\n77,793.0\n33,864.5\n177,641.0\n66,654.0\n-89,630.2\n-128,178.6\n-167,116.6\n-170,090.0\n-284,554.6\n RBZ\n31,997.2\n58,043.6\n32,634.0\n41,234.4\n42,717.2\n55,824.2\n58,324.2\n39,889.2\n24,933.7\n27,056.2\n27,709.1\n-1,722.7\n-16,545.4\n DMBs\n-103,031.0\n-141,232.5\n-64,459.1\n-65,906.0\n-55,036.1\n-135,814.0\n25,822.4\n-50,903.8\n-186,744.5\n-212,671.7\n-269,599.0\n-219,160.2\n-338,413.9\n OBIs\n140,014.2\n137,110.9\n122,434.1\n94,783.1\n90,111.8\n113,854.3\n93,494.4\n77,668.6\n72,180.6\n57,436.9\n74,773.4\n50,792.9\n70,404.6\nOTHER ITEMS (NET) \n-503,695.8\n-543,614.1\n-435,683.7\n-498,189.8\n-658,898.2\n-846,455.6\n-856,227.7\n-793,085.7\n-462,296.6\n-360,686.0\n-30,522.6\n-346,612.1\n-268,552.7\nBROAD MONEY (M3) \n249,890.4\n150,972.4\n197,521.1\n143,566.8\n329,718.1\n362,003.6\n414,318.5\n430,991.1\n546,489.7\n566,034.5\n562,914.4\n596,699.4\n664,081.2\nGROWTH RATES\n Broad Money (M3) \n5.9%\n3.5%\n4.5%\n3.2%\n7.5%\n8.2%\n9.5%\n9.9%\n12.5%\n12.8%\n12.5%\n13.1%\n14.8%\n Domestic Credit \n18.5%\n18.8%\n19.0%\n20.0%\n22.8%\n26.4%\n29.4%\n29.2%\n26.8%\n24.1%\n16.8%\n17.5%\n15.6%\n Claims on Private Sector\n1.9%\n1.4%\n2.4%\n1.9%\n2.0%\n0.9%\n4.9%\n1.8%\n-2.4%\n-3.4%\n-4.4%\n-4.5%\n-7.5%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\n$ Thousands\n2015\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n2016\n \n \n \n13 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nFeb\n538,722.0\n42,062.8\n47,395.1\n446,647.8\n21,790.0\n117,681.6\n461,237.6\n214,420.4\n463,884.6\n48,357.0\n544,838.5\n1,416.2\n2,948,453.6\nMar\n549,118.0\n42,010.1\n44,087.2\n448,278.7\n76,302.3\n110,180.3\n473,978.1\n203,327.9\n466,104.7\n48,938.0\n550,140.6\n1,339.6\n3,013,805.6\nApr\n556,457.4\n30,687.3\n44,546.9\n451,852.9\n65,696.1\n72,653.7\n457,797.1\n202,418.2\n518,353.6\n47,653.8\n551,662.8\n990.1\n3,000,770.0\nMay\n577,258.6\n31,400.7\n44,839.1\n456,652.1\n64,792.3\n75,682.2\n460,700.3\n192,377.2\n545,363.4\n50,061.9\n561,058.3\n1,034.4\n3,061,220.5\nJun\n576,485.1\n29,649.0\n56,936.5\n463,750.7\n20,117.9\n91,678.4\n407,949.0\n181,512.7\n512,108.4\n40,839.7\n590,917.1\n965.9\n2,972,910.2\nJul\n589,866.7\n27,447.9\n56,456.1\n474,568.7\n21,025.9\n92,335.6\n418,612.0\n186,238.8\n416,928.9\n41,201.6\n579,629.0\n941.4\n2,905,252.7\nAug\n580,775.3\n28,148.8\n58,618.6\n460,451.4\n22,509.2\n105,466.9\n411,831.6\n176,732.7\n440,470.4\n41,154.5\n571,926.0\n886.9\n2,898,972.1\nSep\n598,429.9\n28,307.9\n59,213.0\n443,604.1\n22,711.9\n102,015.0\n421,228.0\n174,144.2\n467,804.5\n43,051.0\n569,250.1\n929.5\n2,930,689.0\nOct\n609,537.2\n33,868.4\n53,813.7\n466,727.6\n21,566.0\n104,959.3\n447,136.6\n141,401.6\n484,254.8\n40,156.6\n573,330.4\n907.7\n2,977,660.0\nNov\n650,547.2\n28,696.7\n49,784.9\n440,864.2\n12,868.9\n104,288.1\n428,393.1\n152,136.9\n444,207.8\n40,760.5\n543,920.4\n696.2\n2,897,164.8\nDec\n590,610.6\n30,958.8\n44,706.5\n366,799.2\n13,354.6\n87,897.5\n450,208.5\n163,452.9\n475,424.5\n40,154.3\n518,998.3\n527.5\n2,783,093.0\n2016\nJan\n577,684.4\n35,033.6\n35,535.9\n379,618.2\n13,329.2\n68,325.8\n476,677.0\n158,150.5\n410,992.6\n40,295.6\n535,379.3\n380.2\n2,731,402.2\nFeb\n539,562.8\n35,885.1\n37,857.4\n374,835.1\n13,285.9\n63,301.8\n473,970.3\n155,889.4\n415,520.6\n40,862.5\n531,789.5\n365.3\n2,683,125.7\nMar\n586,349.7\n39,180.5\n41,037.5\n371,809.6\n13,397.9\n63,061.4\n444,769.1\n156,209.2\n402,900.5\n44,606.7\n588,882.7\n410.7\n2,752,615.5\nApr\n527,545.8\n46,612.5\n40,624.2\n379,572.0\n13,428.1\n69,469.7\n437,795.4\n142,682.1\n421,335.6\n43,921.4\n645,037.3\n9,410.0\n2,777,434.0\nMay\n522,239.8\n40,194.4\n38,496.8\n358,042.5\n13,280.8\n65,381.2\n439,295.5\n145,180.0\n401,304.1\n41,908.5\n651,719.3\n9,579.0\n2,726,621.9\nJune\n510,016.8\n39,316.9\n36,866.1\n361,138.1\n12,764.5\n68,850.3\n433,145.3\n143,595.6\n476,484.5\n42,179.6\n650,071.4\n9,739.2\n2,784,168.3\nJuly\n501,744.6\n43,266.6\n12,746.6\n287,960.5\n11,403.0\n64,344.7\n423,354.4\n141,639.6\n489,050.6\n40,059.9\n652,366.8\n9,804.6\n2,677,741.9\nSource:Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n14 \n \n \n \n \n \n \nEND OF\nAGRICULTURE CONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2015\nJan\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\nFeb\n151,740.1\n63,112.6\n109,807.6\n370,581.8\n314,944.7\n784,737.6\n309,307.9\n120,255.1\n1,028,160.1\n43,112.0\n606,650.6\n78,891.2\n3,981,301.2\nMar\n199,484.8\n63,709.2\n116,397.4\n378,460.0\n351,448.0\n762,380.7\n373,911.9\n99,744.6\n912,654.4\n42,478.9\n644,951.3\n72,605.2\n4,018,226.6\nApr\n186,896.3\n65,974.0\n130,284.9\n380,884.8\n330,001.9\n799,952.4\n373,648.3\n109,735.0\n944,772.9\n44,964.9\n653,801.0\n75,850.9\n4,096,767.2\nMay\n185,803.2\n73,167.5\n111,512.1\n523,774.7\n299,659.2\n801,335.5\n419,453.7\n113,355.0\n1,041,392.8\n50,057.9\n619,767.9\n71,388.8\n4,310,668.3\nJun\n187,657.0\n76,777.8\n109,336.0\n498,031.3\n304,087.2\n877,042.8\n338,069.8\n67,556.6\n1,131,497.1\n43,949.0\n651,072.8\n72,166.9\n4,357,244.2\nJul\n180,261.3\n80,536.4\n106,645.3\n452,744.1\n295,611.1\n911,363.8\n360,746.5\n88,518.4\n971,759.9\n53,101.6\n647,215.1\n70,618.8\n4,219,122.4\nAug\n168,075.2\n86,038.9\n108,477.7\n472,875.1\n335,158.3\n784,616.6\n401,830.1\n76,647.0\n1,042,260.4\n55,455.9\n657,177.1\n51,922.5\n4,240,535.0\nSep\n197,641.5\n85,842.6\n112,415.3\n462,925.6\n349,564.2\n831,813.0\n379,121.4\n71,090.0\n1,033,106.7\n53,348.1\n676,308.0\n55,759.2\n4,308,935.5\nOct\n219,922.3\n85,382.0\n116,874.4\n447,200.7\n331,543.6\n821,640.8\n378,568.5\n68,298.7\n1,100,719.7\n55,846.7\n648,757.5\n67,353.2\n4,342,108.3\nNov\n212,806.1\n85,815.7\n98,468.4\n465,089.7\n334,835.6\n846,959.0\n363,754.4\n71,866.2\n1,074,141.8\n56,110.3\n665,421.1\n64,630.3\n4,339,898.7\nDec\n196,092.9\n88,273.0\n102,636.9\n518,411.4\n336,909.2\n864,491.7\n307,845.0\n63,337.5\n1,163,771.1\n57,410.5\n639,985.6\n66,435.7\n4,405,600.5\n2016\nJan\n231,827.3\n101,724.1\n93,544.2\n517,089.2\n325,203.1\n977,272.1\n345,812.2\n62,026.3\n1,083,702.7\n61,755.6\n618,080.1\n58,808.7\n4,476,845.6\nFeb\n226,568.3\n105,747.9\n97,684.4\n525,070.9\n339,839.0\n896,869.2\n326,026.0\n59,381.3\n1,047,904.6\n63,248.3\n634,478.3\n63,017.8\n4,385,835.9\nMar\n243,546.9\n102,238.4\n116,471.1\n582,943.5\n362,058.8\n879,340.8\n368,689.6\n60,514.0\n402,900.5\n62,839.4\n642,779.4\n61,037.6\n4,556,027.1\nApr\n243,151.6\n102,234.0\n112,219.5\n569,660.7\n360,299.5\n907,855.6\n335,068.6\n71,721.0\n1,156,122.6\n63,858.0\n628,901.1\n61,087.0\n4,612,179.4\nMay\n236,180.5\n97,008.6\n120,726.3\n593,284.9\n371,034.5\n923,580.9\n356,500.9\n99,176.4\n1,107,956.8\n61,396.5\n607,501.4\n64,066.3\n4,638,413.9\nJune\n218,386.8\n103,914.2\n134,181.8\n596,904.8\n362,400.2\n973,333.3\n316,490.8\n58,856.9\n1,128,688.7\n72,063.3\n601,813.8\n61,833.2\n4,628,867.8\nJuly\n207,280.2\n99,727.9\n138,781.2\n616,359.8\n348,779.7\n1,035,697.0\n370,456.9\n63,986.1\n1,114,413.7\n65,391.9\n622,329.2\n69,058.9\n4,752,262.6\nSource: Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n15 \n \nEnd Period\n1999\n2000\n2001\n2002\n2003\n2004\n2005\n2006\n2007\n2008\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n(US$ millions)\nLong-Term External Debt\n3,530\n3,227\n3,255\n3,327\n3,644\n3,927\n3,805\n3,965\n4,032\n4,464\n4,951\n5,175\n6,096\n6,607\n7,370\n8,444\n8,426\nGovernment\n2,461\n2,249\n2,328\n2,376\n2,617\n2,844\n2,895\n3,024\n3,054\n3,464\n4,037\n4,095\n4,638\n4,929\n5,012\n4,522\n5,293\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\n3,310\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\n1,982\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n543\n534\n568\n616\n698\n714\n709\n766\n790\n825\n857\n938\n1,092\n1,198\n1,356\n1,661\n1,220\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\n760\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\n460\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nPrivate\n162\n152\n67\n56\n41\n78\n57\n45\n51\n35\n57\n142\n366\n480\n1,002\n2,261\n1,913\nShort-Term External Debt\n532\n298\n167\n183\n169\n144\n173\n281\n387\n226\n1,198\n1,382\n1,289\n890\n1,564\n2,394\n2,258\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\n587\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\n1,671\nTotal External Debt\n4,062\n3,525\n3,422\n3,510\n3,812\n4,071\n3,978\n4,246\n4,419\n4,690\n6,149\n6,557\n7,385\n7,497\n8,934\n10,838\n10,684\nSource: Ministry of Finance & Economic Development, 2016; & Reserve Bank of Zimbabwe, 2016\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \n \n16 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \nEnd Period\nNominal Lending Rates2\nIndividuals \nCorporate\n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \nFeb\n4.30-33.50\n14.00 \n9.73 \nMar\n4.30-33.50\n13.24 \n8.75 \nApr\n4.30-31.00\n12.71 \n8.84 \nMay\n5.00-31.00\n12.74 \n8.79 \nJun\n5.00-31.00\n11.94 \n8.42 \nJul\n5.00-31.00\n11.86 \n8.56 \nAug\n4.30-26.00\n11.96 \n8.51 \nSep\n4.30-25.00\n11.81 \n8.47 \nOct\n4.00-18.00\n10.98 \n7.28 \nNov\n4.00-16.25\n12.20 \n7.67 \nDec\n6.00-16.00\n11.99 \n7.57 \n2016 \nJan\n6.00-22.00\n12.08 \n7.38 \nFeb\n4.00-22.00\n11.48 \n7.29 \nMar\n4.00-22.00\n11.44 \n7.16 \nApr\n4.00-22.00\n11.50 \n7.20 \nMay\n4.00-18.00\n11.43 \n7.35 \nJune\n4.00-18.00\n11.40 \n7.48 \nJuly\n4.00-18.00\n10.69 \n6.79 \nSource:Reserve Bank of Zimbabwe, 2016\nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates 3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \nMONTHLY ECONOMIC REVIEW \n17 \n \n \n \n \n \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2015 \nJan\n0.15-8.00\n3.00-17.00\nFeb\n0.50-12.00\n1.00-17.00\nMar\n0.50-12.00\n1.00-17.00\nApr\n0.30-8.00\n1.00-17.00\nMay\n0.30-8.00\n1.00-17.00\nJun\n0.30-8.00\n1.00-17.00\nJul\n0.30-8.00\n1.00-15.00\nAug\n0.30-8.00\n1.00-15.00\nSep\n0.30-8.00\n1.00-16.00\nOct\n0.50-8.00\n1.00-17.00\nNov\n0.75-8.00\n1.00-17.00\nDec\n0.50-8.00\n0.75-17.00\n2016 \nJan\n0.50-8.00\n0.75-17.00\nFeb\n0.50-8.00\n0.75-17.00\nMar\n0.50-8.00\n0.75-17.00\nApr\n0.50-8.00\n0.75-17.00\nMay\n0.50-8.00\n0.75-17.00\nJune\n0.50-6.00\n0.75-17.00\nJuly\n0.50-6.00\n0.75-17.00\n Source:Reserve Bank of Zimbabwe, 2016\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \n \n18 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION \n&\nEDUCATION\nRESTAURANTS \n&\nMISC.\nTOTAL NON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015 \nJan\n-0.04\n-0.01\n0.08\n0.07\n0.06\n-0.97\n-13.41\n0.02\n-0.08\n-0.48\n0.30\n-0.69\n0.40\n-0.34\nFeb\n0.25\n-0.35\n-0.09\n-0.11\n-0.02\n-0.41\n-0.10\n-0.17\n0.00\n-0.28\n0.10\n-0.13\n0.05\n-0.07\nMar\n0.12\n-0.27\n-0.06\n-0.02\n-0.05\n0.02\n0.00\n0.03\n0.00\n0.12\n0.10\n-0.03\n-0.03\n-0.03\nApr\n-0.63\n-0.01\n-0.71\n-3.35\n-0.46\n-0.05\n-0.15\n-0.13\n-0.07\n0.59\n0.41\n-0.04\n-1.01\n-0.89\nMay\n-0.17\n-0.41\n0.18\n-0.25\n0.10\n-0.25\n-0.02\n-0.11\n0.00\n-0.08\n-0.44\n-0.10\n-0.37\n-0.19\nJun\n0.36\n-0.06\n-0.02\n-0.07\n-0.17\n0.06\n0.01\n-0.09\n0.00\n-0.07\n0.11\n0.01\n-0.45\n-0.14\nJul\n-0.08\n0.05\n-0.56\n-0.82\n0.15\n-0.09\n-0.02\n-0.14\n7.48\n-0.02\n0.03\n0.47\n-0.81\n0.06\nAug\n-0.27\n-0.01\n0.02\n-0.14\n-0.04\n-0.29\n-0.06\n-0.26\n0.00\n-0.14\n-0.09\n-0.10\n-0.75\n-0.36\nSep\n-0.05\n0.00\n-0.62\n-0.52\n0.04\n-0.42\n-0.38\n-0.01\n0.00\n1.28\n-0.30\n-0.31\n-0.47\n-0.36\nOct\n-0.43\n-0.31\n-0.08\n-0.32\n0.61\n-0.47\n0.02\n-0.14\n0.00\n-0.18\n0.12\n-0.17\n-0.53\n-0.29\nNov\n-0.15\n-0.19\n-0.01\n-0.24\n0.00\n-0.08\n-0.23\n-0.02\n2.83\n-0.03\n-0.02\n0.22\n0.04\n0.16\nDec\n-0.41\n-0.15\n0.18\n-0.07\n-0.06\n-0.25\n-0.03\n0.09\n0.00\n-0.07\n-0.30\n-0.06\n-0.21\n-0.11\n2016 \nJan\n0.05\n-0.02\n-0.04\n-0.30\n-0.15\n-0.37\n0.00\n-0.18\n0.00\n-0.16\n-0.29\n-0.13\n0.13\n-0.05\nFeb\n-0.14\n0.00\n-0.12\n-0.19\n-0.17\n-0.37\n-0.13\n-0.01\n0.00\n-0.17\n0.06\n-0.14\n-0.03\n-0.10\nMar\n-0.15\n-0.17\n-1.03\n-0.73\n-0.13\n-0.30\n0.42\n-0.04\n3.36\n-0.62\n-0.60\n-0.11\n-0.13\n-0.12\nApr\n0.03\n-0.14\n-0.02\n-0.32\n0.00\n0.07\n-0.08\n-0.02\n-0.01\n-0.09\n-0.35\n-0.08\n-0.51\n-0.21\nMay\n-0.29\n-0.22\n0.12\n-0.11\n-0.18\n-0.11\n-1.61\n0.06\n0.00\n0.02\n-0.33\n-0.12\n-0.49\n-0.24\nJune\n0.07\n-0.21\n0.58\n0.03\n0.15\n-0.08\n-0.01\n-0.23\n2.65\n0.31\n0.09\n0.44\n-0.35\n0.19\nJuly \n0.01\n-0.15\n0.04\n0.05\n-0.15\n-0.03\n-0.36\n0.09\n0.00\n0.04\n-0.30\n-0.03\n-0.52\n-0.19\nSource:Zimstat, 2016\nNON-FOOD INFLATION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n19 \n \nFOOD \nIN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHOU S IN G, \nWA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A TION\nR EC R EA TION \n&\nED U C A TION\nR ES TA U R A N TS \n&\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\n& FOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON \nA LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015\nJan\n0.47\n0.00\n-0.16\n-1.86\n1.21\n0.19\n-13.69\n-0.44\n4.35\n-2.16\n-1.82\n-0.57\n-2.74\n-1.28\nFeb\n0.73\n-0.25\n-0.14\n-1.88\n1.10\n-0.30\n-13.78\n-0.57\n4.11\n-2.36\n-1.80\n-0.68\n-2.87\n-1.40\nMar\n0.90\n-0.46\n0.62\n-1.78\n1.03\n-0.28\n-13.78\n-0.54\n4.11\n-2.26\n-1.41\n-0.44\n-2.77\n-1.20\nApr\n-2.93\n0.59\n-1.07\n-2.62\n-1.50\n0.81\n-0.76\n-13.88\n-0.95\n-7.02\n-0.84\n-1.41\n-2.51\n-2.65\nMay\n0.31\n-1.37\n-2.39\n-1.45\n0.92\n-1.23\n-13.87\n-0.86\n-7.09\n-0.79\n-1.42\n-2.56\n-3.00\n-2.70\nJun\n0.72\n-1.54\n-2.41\n-1.58\n0.45\n-1.14\n0.00\n-0.87\n-7.09\n-0.75\n-1.38\n-2.57\n-3.32\n-2.81\nJul\n0.74\n-1.61\n-3.24\n-2.37\n0.50\n-1.12\n-13.77\n-0.93\n-1.90\n-1.61\n-0.99\n-2.35\n-3.65\n-2.77\nAug\n0.61\n-1.53\n-3.22\n-2.37\n0.42\n-1.67\n-13.77\n-1.11\n-1.88\n-1.78\n0.13\n-2.38\n-3.59\n-2.77\nSep\n0.47\n-1.67\n-4.25\n-2.62\n0.25\n-2.45\n-14.05\n-0.99\n-1.88\n-0.12\n-0.28\n-2.83\n-3.72\n-3.11\nOct\n-0.12\n-2.04\n-4.33\n-2.80\n0.86\n-2.64\n-13.98\n-1.09\n-1.89\n-0.32\n-0.20\n-2.95\n-4.00\n-3.29\nNov\n-0.45\n-2.35\n-4.32\n-2.94\n0.77\n-2.81\n-14.19\n-1.14\n11.08\n0.28\n-0.27\n-1.80\n-3.85\n-2.46\nDec\n-0.88\n-2.39\n-4.29\n-2.91\n0.57\n-3.24\n-14.22\n-0.89\n11.08\n0.43\n-0.42\n-1.89\n-3.71\n-2.47\n2016\nJan\n-0.79\n-2.41\n-4.40\n-3.27\n0.37\n-2.66\n-0.93\n-1.09\n11.17\n0.75\n-1.01\n-1.34\n-3.96\n-2.19\nFeb\n-1.16\n-2.06\n-4.43\n-3.35\n0.22\n-2.62\n-0.97\n0.21\n11.17\n0.96\n-1.17\n-1.35\n-4.04\n-2.22\nMar\n-1.43\n-1.97\n-5.36\n-4.04\n0.14\n-2.92\n-0.55\n-1.00\n14.91\n0.21\n-1.86\n-1.43\n-4.13\n-2.31\nApr\n-1.40\n-1.40\n-2.11\n-3.91\n0.19\n-2.71\n-0.50\n-0.95\n14.21\n-0.28\n-2.17\n-0.51\n-4.02\n-1.64\nMay\n-1.52\n-1.21\n-2.17\n-3.77\n-0.10\n-2.57\n-2.09\n-0.78\n14.21\n-0.18\n-2.07\n-0.53\n-4.13\n-1.69\nJune\n-1.80\n-1.36\n-1.58\n-3.67\n0.21\n-2.71\n-2.10\n-0.92\n17.24\n0.20\n-2.09\n-0.09\n-4.04\n-1.37\nJuly\n-1.71\n-1.56\n-0.98\n-2.83\n-0.09\n-2.66\n-2.43\n-0.69\n9.09\n0.27\n-2.42\n-0.59\n-3.76\n-1.60\nSource: Zimstat, 2016\nN ON - FOOD IN FLA TION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \n \n20 \n \nMONTHLY ECONOMIC REVIEW \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2015\nJAN\n11.5530\n9.6108\n117.8500\n1.1334\n1.5081\nFEB\n11.5530\n9.6108\n119.1700\n1.1200\n1.5400\nMAR\n12.1600\n9.9600\n120.1900\n1.0790\n1.4771\nAPR\n11.8200\n9.7400\n118.6000\n1.1100\n1.5400\nMAY\n12.1338\n9.7561\n123.8650\n1.0947\n1.5300\nJUNE\n12.2600\n9.9200\n122.3100\n1.1191\n1.5723\nJULY\n12.7100\n10.6700\n124.0300\n1.0941\n1.5601\nAUG\n13.3100\n10.2000\n121.1100\n1.1247\n1.5427\nSEPT\n13.9000\n10.5500\n119.9400\n1.1245\n1.5385\nOCT\n13.8500\n10.4700\n121.1500\n1.0981\n1.5400\nNOV\n14.3958\n10.6952\n122.7250\n1.0589\n1.5315\nDEC\n15.5600\n11.0990\n120.4200\n1.0929\n1.4925\n2016\nJAN\n16.0900\n11.4300\n120.5500\n1.0905\n1.4493\nFEB\n16.1100\n11.2700\n113.0300\n1.0990\n1.3880\nMAR\n15.4500\n11.1000\n112.9500\n1.1100\n1.4200\nAPR\n14.6200\n10.7575\n109.6825\n1.1340\n1.4306\nMAY\n15.3200\n10.9800\n108.9323\n1.1340\n1.4522\nJUNE\n14.8834\n10.9349\n102.6700\n1.1095\n1.3397\nJULY\n14.4277\n10.7892\n103.9398\n1.1069\n1.3180\nSource: Reserve Bank of Zimbabwe, 2016\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n1. Foreign currency per US Dollar.\n2. US Dollar per unit of foreign currency.\n \n \n \n21 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nBond\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\nCoins\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.6\n222.5\n527.9\n159.0\n182.6\n163.6\n325.7\n0.0\n1,581.9\n \n21.4\n2,796.76\n \n557.7\n360.2\n366.1\n5,684.2\n \n Feb\n0.4\n216.7\n501.2\n149.6\n183.2\n128.6\n344.6\n0.0\n1,524.2\n \n17.9\n2,792.50\n \n564.8\n325.3\n356.8\n5,581.5\n \n Mar\n0.6\n246.9\n461.4\n147.8\n222.2\n121.6\n338.0\n5.4\n1,543.8\n \n15.5\n2,925.46\n \n527.3\n352.5\n362.0\n5,726.6\n \n Apr\n0.7\n205.5\n492.8\n158.6\n218.5\n112.0\n335.1\n5.4\n1,528.6\n \n18.2\n2,967.13\n \n527.1\n364.2\n385.4\n5,790.7\n \n May\n0.7\n237.3\n495.6\n135.1\n181.0\n101.4\n622.7\n5.5\n1,779.2\n \n18.2\n2,922.70\n \n525.7\n434.2\n384.3\n6,064.3\n \n Jun\n0.8\n245.7\n570.9\n155.1\n144.7\n90.8\n750.1\n4.4\n1,962.4\n \n28.8\n2,872.55\n \n498.4\n351.0\n386.2\n6,099.4\n \n Jul\n0.9\n226.0\n544.9\n137.3\n135.3\n86.3\n770.0\n0.0\n1,900.7\n \n28.8\n2,815.04\n \n504.1\n361.1\n388.8\n5,998.5\n \n Aug\n1.0\n234.0\n523.7\n104.3\n194.7\n76.1\n786.5\n5.1\n1,925.3\n \n28.8\n2,810.06\n \n535.2\n339.9\n390.5\n6,029.6\n \n Sep\n1.0\n255.2\n551.8\n114.8\n192.9\n63.7\n764.9\n5.1\n1,949.4\n \n28.0\n2,844.13\n \n599.2\n404.6\n392.3\n6,217.7\n \n Oct\n0.9\n215.7\n536.1\n143.7\n171.5\n83.5\n808.3\n5.2\n1,964.9\n \n26.7\n2,884.16\n \n599.3\n350.6\n391.5\n6,217.0\n \n Nov\n1.2\n186.9\n526.1\n135.9\n123.5\n74.3\n871.8\n5.2\n1,924.9\n \n26.6\n2,931.49\n \n603.6\n355.3\n393.6\n6,235.5\n \n Dec\n0.7\n181.6\n542.9\n127.5\n118.6\n79.7\n1031.3\n5.2\n2,087.6\n \n20.8\n2,820.54\n \n582.0\n352.8\n396.7\n6,260.4\n \n2016\n Jan\n1.0\n172.0\n646.9\n119.2\n130.7\n76.6\n981.9\n5.2\n2,133.5\n \n20.6\n2,763.7\n \n582.8\n387.3\n396.6\n6,284.4\n \n Feb\n1.2\n140.7\n682.1\n96.3\n118.1\n21.5\n1125.6\n5.2\n2,190.7\n \n20.1\n2,680.9\n \n477.1\n390.1\n399.3\n6,158.2\n \n Mar\n1.3\n161.9\n714.2\n96.3\n156.8\n19.2\n1140.5\n5.1\n2,295.4\n \n20.3\n2,690.6\n \n430.6\n428.7\n405.1\n6,270.8\n \n Apr\n1.3\n135.5\n757.8\n135.5\n133.3\n18.7\n1198.1\n5.1\n2,385.4\n \n20.4\n2,653.4\n \n413.7\n441.1\n404.7\n6,318.6\n \n May\n1.4\n89.6\n871.6\n130.5\n110.4\n19.3\n1215.9\n5.0\n2,443.6\n \n19.8\n2,681.8\n \n397.0\n358.0\n412.6\n6,312.8\n \n June\n1.4\n108.5\n914.7\n84.6\n148.3\n19.2\n1274.4\n1.8\n2,553.0\n \n19.7\n2,669.3\n \n407.7\n358.0\n431.6\n6,439.3\n \n July\n1.4\n101.2\n972.6\n82.5\n166.0\n16.5\n1313.2\n0.0\n2,653.5\n \n20.5\n2,567.9\n \n393.2\n342.6\n440.3\n6,418.1\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n22 \n \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2015\nJan\n2,056.2\n \n996.2\n561.7\n3,614.0\n \n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5,684.2\n \n3,614.0\n \nFeb\n2,079.6\n \n876.1\n611.6\n3,567.3\n \n426.6\n0.0\n75.6\n720.3\n564.8\n227.0\n5,581.5\n \n3,567.3\n \nMar\n2,139.3\n \n940.4\n513.3\n3,593.0\n \n461.1\n0.0\n101.9\n749.7\n527.3\n293.6\n5,726.6\n \n3,593.0\n \nApr\n2,098.7\n \n943.5\n629.8\n3,672.0\n \n448.9\n0.0\n103.4\n747.4\n527.1\n291.8\n5,790.7\n \n3,672.0\n \nMay\n2,131.8\n \n1015.3\n615.3\n3,762.4\n \n574.7\n0.0\n82.4\n814.7\n525.7\n304.4\n6,064.3\n \n3,762.4\n \nJun\n2,213.2\n \n1021.9\n593.5\n3,828.7\n \n560.2\n0.8\n103.1\n814.9\n498.4\n293.2\n6,099.4\n \n3,828.7\n \nJul\n2,166.4\n \n889.7\n732.5\n3,788.6\n \n478.9\n0.8\n88.2\n813.0\n504.1\n325.0\n5,998.5\n \n3,788.6\n \nAug\n2,266.7\n \n790.9\n723.1\n3,780.7\n \n490.7\n0.0\n83.4\n825.7\n535.2\n313.9\n6,029.6\n \n3,780.7\n \nSep\n2,276.7\n \n967.6\n648.7\n3,892.9\n \n504.0\n0.0\n72.0\n828.1\n599.2\n321.5\n6,217.7\n \n3,892.9\n \nOct\n2,259.9\n \n909.3\n667.8\n3,837.0\n \n494.3\n0.0\n122.2\n841.2\n599.3\n322.9\n6,217.0\n \n3,837.0\n \nNov\n2,475.9\n \n919.4\n580.1\n3,975.4\n \n347.6\n0.0\n126.0\n845.3\n603.6\n337.5\n6,235.5\n \n3,975.4\n \nDec\n2,512.2\n \n999.0\n543.0\n4,054.2\n \n320.4\n0.0\n140.4\n866.9\n582.0\n296.5\n6,260.4\n \n4,054.2\n \n2016\nJan\n2,562.6\n \n952.2\n558.7\n4,073.5\n \n313.2\n0.0\n135.6\n871.3\n582.8\n308.0\n6,284.4\n \n4,073.5\n \nFeb\n2,545.7\n \n959.3\n572.0\n4,077.1\n \n298.9\n0.0\n126.0\n878.1\n477.1\n301.0\n6,158.2\n \n4,077.1\n \nMar\n2,653.7\n \n893.4\n680.0\n4,227.1\n \n303.1\n0.0\n135.2\n886.6\n430.6\n288.2\n6,270.8\n \n4,227.1\n \nApr\n2,675.3\n \n1008.1\n591.9\n4,275.3\n \n285.7\n0.0\n154.4\n893.9\n413.7\n295.5\n6,318.6\n \n4,275.3\n \nMay\n2,764.6\n \n1100.0\n449.7\n4,314.3\n \n300.0\n0.0\n101.3\n908.9\n397.0\n291.2\n6,312.8\n \n4,314.3\n \nJune\n2,865.3\n \n907.1\n673.1\n4,445.5\n \n272.3\n0.0\n118.6\n915.7\n407.7\n279.5\n6,439.3\n \n4,445.5\n \nJuly\n2,826.1\n \n993.3\n654.3\n4,473.7\n \n260.7\n0.0\n93.8\n922.3\n393.2\n274.4\n6,418.1\n \n4,473.7\n \nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ Millions\nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n23 \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\nBond\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoins\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.0\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\n Feb\n0.0\n0.4\n0.2\n0.1\n0.1\n1.6\n0.0\n0.0\n2.5\n0.0\n72.0\n8.3\n19.3\n23.6\n125.7\n Mar\n0.0\n0.4\n0.1\n0.0\n0.1\n1.5\n0.0\n0.0\n2.1\n0.0\n73.3\n8.2\n18.5\n23.4\n125.5\n Apr\n0.0\n0.3\n0.1\n0.0\n0.1\n0.2\n0.0\n0.0\n0.6\n0.0\n66.7\n0.0\n10.3\n21.3\n98.9\n May\n0.0\n0.4\n0.0\n0.0\n0.0\n0.2\n0.0\n0.0\n0.6\n0.0\n67.9\n0.0\n9.6\n21.2\n99.3\n Jun\n0.0\n0.3\n0.0\n0.0\n0.0\n0.4\n0.0\n0.0\n0.7\n0.0\n68.1\n0.0\n9.7\n21.1\n99.6\n Jul\n0.0\n0.2\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n67.8\n0.0\n9.2\n21.0\n100.0\n Aug\n0.0\n0.1\n1.8\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n60.0\n0.0\n9.3\n28.1\n99.4\n Sep\n0.0\n0.1\n2.2\n0.0\n0.0\n0.2\n0.0\n0.0\n2.5\n0.0\n59.2\n0.0\n9.2\n28.0\n98.9\n Oct\n0.0\n0.1\n2.1\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n59.4\n0.0\n9.1\n27.8\n98.8\n Nov\n0.0\n0.1\n2.0\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n58.5\n0.0\n9.5\n20.6\n91.0\n Dec\n0.0\n0.1\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n1.9\n0.0\n59.8\n0.0\n9.4\n20.5\n91.6\n2016\n Jan\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n60.7\n0.0\n9.3\n20.3\n92.5\n Feb\n0.0\n0.1\n0.9\n1.1\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n61.6\n0.0\n9.2\n20.2\n93.2\n Mar\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n62.0\n0.0\n9.3\n20.1\n93.6\n Apr\n0.0\n0.2\n0.7\n1.1\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n62.3\n0.0\n9.4\n19.9\n93.8\n May\n0.0\n0.1\n0.9\n1.2\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n62.7\n0.0\n9.3\n19.8\n94.2\n June\n0.0\n0.1\n0.9\n1.2\n0.0\n0.4\n0.0\n0.0\n2.6\n0.0\n62.7\n0.0\n9.3\n19.8\n94.4\n July\n0.0\n0.1\n1.8\n0.6\n0.0\n0.2\n0.0\n0.0\n2.7\n0.0\n63.4\n0.0\n9.2\n19.8\n95.1\nSource:Reserve Bank of Zimbabwe, 2016\nUS$ Millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \nMONTHLY ECONOMIC REVIEW \n24 \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\n Feb\n38.4\n40.4\n0.0\n78.7\n11.7\n0.0\n0.0\n-48.7\n8.3\n75.6\n125.7\n78.7\n Mar\n68.6\n12.1\n0.0\n80.7\n12.0\n0.0\n0.0\n-50.7\n8.2\n75.2\n125.5\n80.7\n Apr\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-27.5\n0.0\n62.4\n98.9\n63.9\n May\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-28.8\n0.0\n64.2\n99.3\n63.9\n Jun\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-28.9\n0.0\n65.6\n99.6\n62.9\n Jul\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-27.8\n0.0\n64.8\n100.0\n62.9\n Aug\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-14.9\n0.0\n51.3\n99.4\n62.9\n Sep\n62.2\n0.0\n0.0\n62.2\n0.0\n0.0\n0.0\n-15.3\n0.0\n52.0\n98.9\n62.2\n Oct\n61.9\n0.0\n0.0\n61.9\n0.0\n0.0\n0.0\n-16.4\n0.0\n53.2\n98.8\n61.9\n Nov\n58.8\n0.0\n0.0\n58.8\n0.0\n0.0\n0.0\n-20.2\n0.0\n52.5\n91.0\n58.8\n Dec\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-20.1\n0.0\n53.2\n91.6\n58.5\n2016\n Jan\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-18.8\n0.0\n52.9\n92.5\n58.5\n Feb\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.4\n0.0\n54.3\n93.2\n58.3\n Mar\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-20.1\n0.0\n55.3\n93.6\n58.3\n Apr\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.5\n0.0\n55.0\n93.8\n58.3\n May\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-20.2\n0.0\n56.0\n94.2\n58.4\n June\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-20.2\n0.0\n56.0\n94.2\n58.4\n July\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-19.3\n0.0\n56.1\n95.1\n58.4\nSource:Reserve Bank of Zimbabwe, 2016\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n25 \n \n \n \n \nForeign\nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nBond\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nCoins\nat Banks\nBanks\nBills\n2015\nJan\n0.1\n37.3\n196.0\n0.0\n0.1\n51.8\n0.0\n307.1\n0.0\n511.6\n172.1\n105.8\n126.1\n1,222.6\n \nFeb\n0.1\n32.1\n244.4\n0.0\n0.1\n51.9\n0.0\n328.6\n0.0\n522.9\n176.2\n106.8\n125.8\n1,260.2\n \nMar\n0.1\n52.4\n214.4\n0.0\n0.1\n52.0\n0.0\n319.0\n0.0\n508.7\n180.0\n122.5\n125.5\n1,255.5\n \nApr\n0.1\n32.5\n243.2\n0.0\n0.1\n60.4\n0.0\n336.3\n0.0\n520.2\n182.5\n118.3\n124.8\n1,282.0\n \nMay\n0.1\n33.6\n257.7\n0.0\n0.1\n60.1\n0.0\n351.5\n0.0\n448.7\n235.1\n137.5\n125.2\n1,298.0\n \nJun\n0.2\n59.6\n204.9\n0.0\n0.1\n60.1\n0.0\n324.8\n0.0\n464.9\n231.9\n139.4\n122.0\n1,283.0\n \nJul\n0.2\n51.6\n205.5\n0.0\n0.1\n62.9\n0.0\n320.2\n0.0\n461.5\n230.6\n133.9\n121.9\n1,268.2\n \nAug\n0.1\n53.0\n158.9\n0.0\n0.1\n76.2\n0.0\n288.4\n0.0\n482.9\n228.4\n136.0\n122.2\n1,257.9\n \nSep\n0.1\n55.4\n161.7\n0.0\n0.1\n76.0\n0.0\n293.3\n0.0\n480.4\n263.4\n125.8\n122.1\n1,285.0\n \nOct\n0.1\n45.2\n229.1\n0.0\n0.1\n76.0\n0.0\n350.5\n0.0\n494.0\n265.1\n126.0\n122.8\n1,358.4\n \nNov\n0.1\n43.6\n256.8\n0.0\n0.1\n76.1\n0.0\n376.7\n0.0\n292.0\n479.3\n131.8\n121.1\n1,400.9\n \nDec\n0.1\n27.3\n284.0\n0.0\n0.0\n76.6\n0.0\n387.9\n0.0\n317.4\n470.4\n114.7\n118.4\n1,408.8\n \n2016\nJan\n0.1\n17.4\n227.8\n10.0\n0.0\n76.6\n0.0\n331.9\n0.0\n326.9\n415.3\n145.6\n119.7\n1,339.4\n \nFeb\n0.2\n13.9\n253.5\n0.0\n0.0\n65.6\n0.0\n333.2\n0.0\n324.4\n420.2\n148.4\n119.6\n1,345.8\n \nMar\n0.2\n20.8\n266.6\n0.0\n0.0\n48.3\n0.0\n335.9\n0.0\n339.6\n399.4\n142.9\n119.4\n1,337.2\n \nApr\n0.2\n9.5\n213.7\n0.0\n0.0\n90.9\n0.0\n314.2\n0.0\n332.5\n402.2\n143.6\n119.2\n1,311.8\n \nMay\n0.1\n7.1\n220.3\n0.0\n0.0\n93.3\n0.0\n320.8\n0.0\n404.6\n341.0\n149.9\n122.9\n1,339.2\n \nJune\n0.2\n8.0\n278.0\n0.0\n0.0\n104.0\n0.0\n390.0\n0.0\n348.0\n389.4\n146.0\n119.3\n1,392.3\n \nJuly\n0.2\n8.2\n231.4\n0.0\n0.0\n101.6\n0.0\n341.4\n0.0\n341.5\n412.1\n154.8\n123.8\n1,373.5\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n26 \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1,222.6\n \n770.2\nFeb\n405.8\n400.3\n806.2\n53.6\n98.3\n272.9\n29.2\n1,260.2\n \n806.2\nMar\n408.1\n386.3\n794.4\n50.8\n108.8\n275.8\n25.8\n1,255.5\n \n794.4\nApr\n464.1\n364.8\n828.9\n48.3\n99.4\n276.8\n28.7\n1,282.0\n \n828.9\nMay\n472.0\n391.6\n863.6\n48.5\n87.4\n270.7\n27.8\n1,298.0\n \n863.6\nJun\n492.9\n343.9\n836.8\n48.3\n94.0\n272.9\n31.1\n1,283.0\n \n836.8\nJul\n458.3\n370.6\n828.9\n48.5\n85.8\n277.4\n27.5\n1,268.2\n \n828.9\nAug\n438.4\n386.1\n824.5\n47.6\n73.2\n282.7\n29.9\n1,257.9\n \n824.5\nSep\n498.9\n334.3\n833.2\n43.5\n84.9\n288.4\n35.0\n1,285.0\n \n833.2\nOct\n465.3\n428.4\n893.7\n42.4\n99.0\n293.6\n29.7\n1,358.4\n \n893.7\nNov\n446.1\n474.4\n920.4\n42.4\n104.3\n297.7\n36.0\n1,400.9\n \n920.4\nDec\n480.5\n463.9\n944.4\n43.0\n99.4\n293.3\n28.8\n1,408.8\n \n944.4\n2016\nJan\n447.7\n443.1\n890.7\n43.3\n74.7\n298.3\n32.3\n1,339.4\n \n890.7\nFeb\n446.8\n441.8\n888.6\n42.3\n81.6\n301.9\n31.5\n1,345.8\n \n888.6\nMar\n433.3\n449.5\n882.8\n37.0\n81.7\n289.7\n46.0\n1,337.2\n \n882.8\nApr\n495.3\n380.6\n875.9\n36.9\n75.1\n290.1\n33.9\n1,311.8\n \n875.9\nMay\n455.3\n403.8\n859.2\n36.2\n77.7\n320.7\n45.5\n1,339.2\n \n859.2\nMay\n455.3\n403.8\n859.2\n36.2\n77.7\n320.7\n45.5\n1,339.2\n \n859.2\nJune\n463.4\n443.7\n907.0\n35.4\n84.6\n319.0\n46.3\n1,392.3\n \n907.0\nJuly\n420.3\n486.9\n907.3\n35.7\n73.1\n324.1\n33.4\n1,373.5\n \n907.3\nSource:Reserve Bank of Zimbabwe, 2016\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ Millions \nAmounts Owing to\n \n \n \n27 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \n \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$)\nVolume of Shares\nUS$ Millions\n2015\nJan\n164.9\n58.1\n16,062,740.8\n57,390,451\n4,365.1\nFeb\n167.2\n55.4\n34,775,616.2\n119,324,114\n4,353.4\nMar\n158.2\n43.9\n18,903,881.0\n405,884,918\n4,117.1\nApr\n156.2\n42.9\n29,188,562.0\n563,833,853\n4,066.1\nMay\n153.0\n44.5\n23,280,422.2\n290,320,685\n3,978.1\nJun\n148.4\n44.3\n14,514,679.0\n80,441,278\n3,803.8\nJul\n145.4\n39.4\n20,419,108.0\n157,184,218\n3,812.7\nAug\n135.4\n35.3\n15,344,249.0\n76,187,436\n3,552.0\nSep\n131.9\n24.4\n18,202,232.0\n105,678,504\n3,444.5\nOct\n130.8\n23.6\n12,864,086.0\n63,758,585\n3,416.1\nNov\n117.6\n22.3\n8,947,586.0\n90,417,554\n3,141.7\nDec\n114.9\n23.7\n16,360,451.6\n183,792,940\n3,073.4\n2016\nJan\n103.0\n19.5\n10,399,904.0\n61,882,757\n2,790.4\nFeb\n99.4\n19.1\n15,556,983.0\n95,020,938\n2,692.3\nMar\n97.6\n19.4\n16,428,571.0\n97,601,725\n2,645.1\nApr\n105.8\n20.2\n14,026,917.0\n187,848,946\n2,862.6\nMay\n104.7\n25.5\n13,868,486.0\n99,055,230\n2,881.3\nJun\n101.0\n24.7\n18,064,624.0\n88,525,472.0\n2,780.9\nJul\n98.8\n25.7\n11,838,626.0\n57,222,624.0\n2,772.0\nSource:Zimbabwe Stock Exchange (ZSE),2016\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \nMONTHLY ECONOMIC REVIEW \n28 \n \n \nCommercial\nBuilding \nEnd of\nBanks\nP.O.S.B.\nSocieties\nTOTAL\n2015\nJan\n1,557.9\n86.3\n770.2\n2,455.2\nFeb\n1,487.7\n90.4\n806.2\n2,384.2\nMar\n1,453.7\n93.6\n794.4\n2,353.9\nApr\n1,573.3\n90.4\n828.9\n2,492.6\nMay\n1,630.6\n89.2\n863.6\n2,583.4\nJun\n1,615.4\n95.1\n836.8\n2,547.3\nJul\n1,622.2\n92.4\n828.9\n2,543.5\nAug\n1,514.0\n93.1\n824.5\n2,431.5\nSep\n1,616.2\n101.3\n833.2\n2,550.7\nOct\n1,577.1\n97.5\n893.7\n2,568.3\nNov\n1,499.5\n100.0\n920.4\n2,520.0\nDec\n1,542.0\n94.4\n944.4\n2,580.8\n2016\nJan\n1,511.0\n99.6\n890.7\n2,501.3\nFeb\n1,531.3\n99.2\n888.6\n2,519.2\nMar\n1,573.4\n99.6\n882.8\n2,555.8\nApr\n1,599.9\n103.9\n875.9\n2,579.7\nMay\n1,549.8\n106.1\n859.2\n2,515.1\nJune\n1,580.2\n108.3\n859.2\n2,547.7\nJuly\n1,647.7\n105.4\n907.0\n2,660.0\nSource:Reserve Bank of Zimbabwe, 2016\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n29 \n \n \n \n \n \n \n \n \n \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2015\nJan\n1,581.9\n1,084.2\n497.7\n2.0\n24.0\n-22.0\nFeb\n1,524.2\n1,070.2\n454.0\n2.5\n23.6\n-21.2\nMar\n1,543.8\n1,077.9\n465.9\n2.1\n24.2\n-22.1\nApr\n1,528.6\n1,101.6\n427.0\n0.6\n19.2\n-18.6\nMay\n1,779.2\n1,128.7\n650.4\n0.6\n19.2\n-18.5\nJun\n1,962.4\n1,148.6\n813.8\n0.7\n18.9\n-18.2\nJul\n1,900.7\n1,136.6\n764.1\n2.0\n18.9\n-16.9\nAug\n1,925.3\n1,134.2\n791.0\n2.0\n18.9\n-16.9\nSep\n1,949.4\n1,167.9\n781.6\n2.5\n18.6\n-16.1\nOct\n1,964.9\n1,151.1\n813.8\n2.4\n18.6\n-16.2\nNov\n1,924.9\n1,192.6\n732.2\n2.4\n17.6\n-15.3\nDec\n2,087.6\n1,216.3\n871.3\n1.9\n17.6\n-15.6\n2016\nJan\n2,133.5\n1,222.1\n911.4\n2.2\n17.6\n-15.4\nFeb\n2,190.7\n1,223.1\n967.6\n2.3\n17.5\n-15.2\nMar\n2,295.4\n1,268.1\n1,027.2\n2.3\n17.5\n-15.2\nApr\n2,385.4\n1,282.6\n1,102.8\n2.2\n17.5\n-15.3\nMay\n2,443.6\n1,294.3\n1,149.3\n2.4\n17.5\n-15.1\nJune\n2,553.0\n1,333.6\n1,219.4\n2.6\n17.5\n-14.9\nJuly\n2,653.5\n1,342.1\n1,311.3\n2.7\n17.5\n-14.8\nSource:Reserve Bank of Zimbabwe, 2016\n1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed from 20% to 25% of liabilities to the public. \nUS$ Millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \nMONTHLY ECONOMIC REVIEW \n30 \n \n \n \n \n \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE INTERNET\n2015\nJan\n 3,659.0 \n11.8\n154.4\n311.9\n352.2\n113.5\nFeb\n 3,221.1 \n13.7\n141.8\n275.8\n334.6\n104.6\nMar\n 3,802.0 \n11.1\n132.0\n298.3\n364.7\n111.7\nApr\n 3,919.5 \n10.8\n134.0\n299.7\n341.2\n112.4\nMay\n 3,467.1 \n13.1\n128.8\n316.7\n390.0\n124.5\nJun\n 3,014.7 \n15.4\n123.5\n333.7\n438.7\n136.6\nJul\n 4,010.3 \n12.6\n154.6\n332.4\n391.0\n128.6\nAug\n 3,299.1 \n11.4\n193.4\n313.2\n391.2\n133.6\nSep\n3,762.7\n \n12.9\n131.9\n318.8\n396.3\n396.3\nOct\n 3,964.5 \n11.8\n149.4\n334.9\n434.7\n151.0\nNov\n 3,551.4 \n12.0\n130.2\n347.7\n417.0\n154.4\nDec\n 4,167.9 \n11.0\n146.6\n411.3\n477.5\n213.3\n2016\nJan\n 3,385.9 \n11.1\n137.4\n331.5\n388.9\n167.7\nFeb\n 3,448.2 \n11.9\n138.8\n312.1\n389.3\n167.9\nMar\n 3,460.2 \n11.3\n142.1\n288.8\n417.1\n255.9\nApr\n 3,564.3 \n9.7\n180.1\n247.6\n427.3\n168.3\nMay\n 3,869.2 \n10.8\n214.8\n203.3\n479.9\n217.9\nJune\n 4,522.2 \n10.3\n203.9\n131.4\n465.1\n174.1\nJuly\n 3,911.8 \n9.2\n240.0\n166.3\n491.2\n218.0\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ millions)\n \n \nMONTHLY ECONOMIC REVIEW \n31 \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2015\nJan\n170.8\n29.55\n 1,174.1 1,124.5 16,903.3 \n37.6\nFeb\n172.3\n32.23\n 1,140.9 1,027.9 16,160.4 \n39.9\nMar\n191.6\n30.33\n 1,183.6 1,110.2 18,211.9 \n44.5\nApr\n180.3\n26.98\n 1,151.3 1,107.5 17,269.7 \n43.6\nMay\n179.8\n27.38\n 1,052.5 1,123.8 18,684.6 \n43.2\nJun\n196.4\n31.85\n 1,121.2 1,038.2 17,478.2 \n47.2\nJul\n199.1\n34.00\n 1,288.2 1,167.4 18,670.4 \n49.4\nAug\n153.1\n28.05\n 1,373.5 1,122.2 19,750.6 \n46.5\nSep\n164.3\n31.15\n 1,196.9 1,103.9 19,133.2 \n50.4\nOct\n156.4\n30.78\n 1,295.0 1,152.8 22,166.4 \n54.0\nNov\n143.4\n32.19\n 1,206.2 1,151.3 21,390.2 \n51.3\nDec\n155.0\n27.25\n 1,359.9 1,183.6 22,904.3 \n52.6\nAnnual Total 2,062.6 \n361.73\n 14,543.3 13,413.3 228,723.3 \n560.2\n2016\nJan\n132.3\n24.6\n1328.9\n1104.4\n 19,956.1 \n49.9\nFeb\n148.4\n30.3\n1289.5\n1067.1\n 19,793.7 \n54.6\nMar\n152.5\n29.6\n1455.7\n962.9\n 21,731.5 \n61.9\nApr\n161.7\n25.0\n1962.6\n841.3\n 21,086.6 \n59.9\nMay\n199.3\n29.1\n2779.9\n675.8\n 23,293.0 \n83.2\nJune\n268.2\n33.5\n3203.8\n741.9\n 23,321.2 \n88.0\nJuly\n242.4\n31.1\n3946.3\n1052.8\n 24,538.8 \n102.7\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL \nVolumes of Transactions (in thousands)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/July2016.pdf"}

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+{"doc_id": "0531bf11619e5507c832236108651910", "text": "[Date] \n \n \n \n \nMARCH 2016 \n \n \ni \n \nMONTHLY ECONOMIC REVIEW \nTABLE OF CONTENTS \nSELECTED ECONOMIC INDICATORS _____________________________ 1 \nSTOCK MARKET DEVELOPMENTS _______________________________ 2 \nMONETARY DEVELOPMENTS ___________________________________ 3 \nINFLATION OUTTURN ___________________________________________ 4 \nAnnual Inflation _________________________________________________ 4 \nMonthly Inflation ________________________________________________ 5 \nNATIONAL PAYMENTS SYSTEM _________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) _____________ 5 \nMobile and Internet Based Transactions _____________________________ 5 \nCard Based Transactions _________________________________________ 5 \nCheque Transactions _____________________________________________ 5 \n \n \n \n \n \n \n1 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n2016 \nFebruary \n2016 \nMarch \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n19.1 \n19.4 \n1.1% \nZ.S.E. Industrial Index1 \n99.5 \n97.6 \n-1.9% \nMoney Supply (US$)2 \n4 768.9 million \n4 916.8 million \n3.1% \nMoney Supply (M3) Annual Growth2 \n9.94% \n12.50% \n \nYearly Inflation3 \n-2.22% \n-2.31% \n \nMonthly Inflation3 \n-0.10% \n-0.12% \n \nNominal Lending Rate \n4.0-22.0% \n4.0-22.0% \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \nMONTHLY ECONOMIC REVIEW \n2 \n \nSTOCK MARKET DEVELOPMENTS \nStock markets in the USA, Japan, China, United \nKingdom, Germany, and France registered gains \nin March 2016. Concomitantly, major African \nstock markets realised gains as follows: Egypt, \n25.6%; South Africa, 5.6%; Kenya, 4.7%; and \nNigeria, 4.4%. \nTrading on the Zimbabwe Stock Exchange (ZSE) \nwas, however, mixed. The industrial index \nrecorded a 1.9 % loss to close at 97.61 in March \n2016. The resources index increased from 19.14 \npoints in February 2016, to 19.35 points during \nthe month under analysis. \n \n \n \n \nThe total volume of shares traded increased to \n97.6 million in March 2016, from 91.2 million \nshares in February 2016. Market turnover, \nhowever, decreased to US$16.4 million in March \n2016, from US$57.1 million in February 2016. \n \nSource: Zimbabwe Stock Exchange, 2016 \nThe ZSE market capitalisation declined by 1.9% \nto US$2 645.1 million in March 2016. The \ndecline was underpinned by loses in the \nmainstream index. \n \n \n0\n50\n100\n150\n200\n250\n31-Mar-14\n31-May-14\n31-Jul-14\n30-Sep-14\n30-Nov-14\n31-Jan-15\n31-Mar-15\n31-May-15\n31-Jul-15\n30-Sep-15\n30-Nov-15\n31-Jan-16\n31-Mar-16\nFigure 1: ZSE Indices\nIndustrial\nMining\n0.00\n1.00\n2.00\n3.00\n4.00\n5.00\n6.00\n7.00\n8.00\n0.00\n2.00\n4.00\n6.00\n8.00\n10.00\n12.00\n14.00\n16.00\n03-Jan-16\n11-Jan-16\n19-Jan-16\n27-Jan-16\n04-Feb-16\n12-Feb-16\n20-Feb-16\n28-Feb-16\n07-Mar-16\n15-Mar-16\n23-Mar-16\n31-Mar-16\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nFigure 2: ZSE: Daily Volumes and \nFigure 2: ZSE: Daily Volumes and Values Traded\nValues Traded\nVolume\nTurnover\nSource: Zimbabwe Stock Exchange, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n3 \n \nMONETARY DEVELOPMENTS \n \nThe annual money supply growth rate increased \nfrom 9.94% in February 2016 to 12.5% in March \n2016. On a monthly basis, broad money supply \nrose by 3.1% to US$4 916.8 million in March \n2016. \n \nSource: Reserve Bank of Zimbabwe, 2016 \nThe annual growth in broad money was largely \non account of increases in savings, 22.6% \ndemand, 21.3%; and long term deposits, 18.3%. \nShort term deposits, however, decreased by \n24.1% during the period under review. \nThe distribution of deposit classes to total \ndeposits was as follows: demand, 52.4%; long \nterm, 21.4%; short term, 12.5%; and savings \ndeposits, 13.8%. \n \n \n \n \n \n \n \nAnnual growth in total banking sector credit \nstood at 23.5% in March 2016, down from 26.2% \nin February 2016. Month-on-month, banking \nsector credit increased to US$5 542.9 million in \nMarch 2016, from US$5 490 million in February \n2016. \nOn an annual basis growth in credit to the private \nsector was -2.4% in March 2016, down from \n1.8% in February 2016. Similarly, monthly credit \nto \nthe \nprivate \nsector \ndecreased \nto \nUS$3 672.2 million in March 2016, from \nUS$3 697.6 million in February 2016. \nIn terms of proportions, bank credit to the private \nsector was distributed as follows: loans and \nadvances, 85.3%; Mortgages, 9.2%; other \ninvestments, 4.2%; Bills Discounted, 1.0% and \nBankers’ Acceptances, 0.3%. \n-2\n0\n2\n4\n6\n8\n10\n12\n14\n16\n18\n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\nJun-13\nSep-13\nDec-13\nMar-14\nJun-14\nSep-14\nDec-14\nMar-15\nJun-15\nSep-15\nDec-15\nMar-16\n%\nUS$ BILLIONS\nFigure 3: Money Supply\nFigure 3: Money Supply\nM3\nM3 Annual Growth\nShort Term\n12.5%\nLong Term \n21.4%\nDemand\n52.4%\nsavings\n13.8%Figure 4: Bank\nFigure 4: Banking Sector DepositsMarch 2016\nMarch 2016\nSource: Reserve Bank of Zimbabwe, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n4 \n \n \nSource: Reserve Bank of Zimbabwe, 2016 \nDuring the period under review, private sector \ncredit was distributed as follows: agriculture \n(21.4%); households (21.3%); manufacturing \n(16.2%); services (14.6%); mining (5.7%); \nfinancial organisations and investments (2.8%); \ntransport and communications (3.1%); and \nconstruction (1.4%). \nThe utilisation of private sector credit in terms of \nproportions was as follows: inventory build-up, \n34.9%; asset purchases, 34.8%; consumer \ndurables, 14.5%; capital investment, 9.1% and \nvehicle purchases, 3.3%. \n \nINFLATION OUTTURN \n \nAnnual Inflation \n \nAnnual headline inflation decelerated for the \nsecond consecutive month, from -2.22% in \nFebruary 2016 to -2.31% in March 2016, on \naccount of decreases in both food and non-food \ninflation. \n \nSource: ZIMSTAT, 2016 \nYear-on-year food inflation was also in negative \nterritory at -4.13% in March 2016. Annual food \ninflation continued to be weighed down by \ndeclines in the prices of meat; bread and cereals; \nmilk, cheese and eggs; oils and fats; and \nvegetables, among others. \nAnnual non-food stood at -1.43% in March 2016, \ndown from -1.35% registered in February 2016. \nThis was largely attributable to declines in \nhousing, water, electricity, gas and other fuels; \nfurniture and household equipment; transport; \nand clothing and footwear. \nLoans & Advances\n85.3%\nBills Discounted\n1.0%\nBankers \nacceptances\n0.3%\nOther \ninvestments\n4.2%\nMortgages\n9.2%Figure 5: Credit to Private Sector\nFigure 5: Credit to Private SectorMarch 2016\nMarch 2016\n-5\n-4\n-3\n-2\n-1\n0\n1\n2\nFigure 6: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n \n \nMONTHLY ECONOMIC REVIEW \n5 \n \nMonthly Inflation \n \nThe month-on-month inflation rate eased by \n0.02 percentage points to close at -0.12% in \nMarch \n2016. \nThis \nwas \nunderpinned \nby \nsignificant declines in the prices of both food and \nnon-food items. \nMonthly food inflation declined from -0.03% in \nFebruary 2016 to -0.13% in March 2016. \nAccounting for the decline were decreases in \nprices of meat; fish and sea foods and milk, \ncheese, and eggs, among others. Bread and cereal \nprices, however, increased during the same \nperiod. \nMonth-on-month, non-food inflation remained in \nthe negative at -0.11% in March 2016, despite \ngaining 0.03 percentage points on the -0.14% \nrecorded for February 2016. The gain was \nlargely on account of a 3.4% increase in \neducation inflation. \nNATIONAL PAYMENTS SYSTEM \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through the \nRTGS system rose from US$3.45 billion in \nFebruary 2016 to US$3.46 billion in March 2016. \nDuring the same period, the volume of RTGS \ntransactions increased by 2.7%, from 148 416 to \n152 465. \nSource: Reserve Bank of Zimbabwe, 2016 \n \nMobile and Internet Based Transactions \n \nThe total value of mobile and internet based \ntransactions rose to US$673.1 million in March \n2016, from US$557.19 million in February 2016. \n \nCard Based Transactions \n \nCard \nbased \ntransactions \ndeclined \nto \nUS$430.9 million in March 2016, from \nUS$450.9 million recorded in February 2016. \n \nCheque Transactions \n \nThe value of cheque transactions decreased from \nUS$11.9 \nmillion \nin \nFebruary \n2016, \nto \nUS$11.3 million in March 2016. \n \nRESERVE BANK OF ZIMBABWE \nMAY 2016\n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nMar-13\nJul-13\nNov-13\nMar-14\nJul-14\nNov-14\nMar-15\nJul-15\nNov-15\nMar-16\n -\n 50\n 100\n 150\n 200\n 250\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 7: Z\nFigure 7: ZETSS Volumes and Values\nValues\nVolume\nValue\n \n \n6 \n \nMONTHLY ECONOMIC REVIEW \nStatistical Tables \n \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 8 \n \n1.2 Broad Money Survey \n \n \n \n \n \n 9 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n10 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n11 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 12 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n13 \n \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n14 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n15 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n16 \n \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n17 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n18 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n19 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n20 \n \n7.2 Liabilities \n \n \n \n \n \n \n21 \n \n \nMONTHLY ECONOMIC REVIEW \n7 \n \n \n8. Merchant Banks \n \n8.1 Assets \n \n \n \n \n \n \n \n22 \n \n8.2 Liabilities \n \n \n \n \n \n \n23 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n24 \n \n9.2 Liabilities \n \n \n \n \n \n \n25 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n26 \n \n11. Savings with Financial Institutions \n \n \n \n \n27 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n28 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n29 \n \n13.2 Volumes of Transactions \n \n \n \n \n30 \n \n \n \n \n \n \n \n \n8 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \nMarch\nApril\nMay\nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nFebruary\nMarch\nBond Coins\n1,294.0\n1,749.3\n2,316.7\n2,684.1\n2,719.3\n3,016.3\n3,425.5\n4,445.3\n5,789.3\n7,127.0\n7,355.5\n7457.27\n7612.10\nRBZ Demand Deposits\n545.0\n491.6\n340.2\n4,035.0\n3,889.6\n3,480.3\n3,478.9\n3,485.7\n2,470.9\n726.0\n1832.79\n2086.40\n1423.30\nComm. Banks Dem. Deposits\n2,051,081.7\n1,990,235.2\n2,017,918.3\n2,112,470.2\n2,023,527.6\n2,168,409.0\n2,166,471.3\n2,149,026.8\n2,358,226.5\n2,362,538.7\n2430098.04\n2409398.21\n2510951.12\nMerchant Banks Dem. Deposits\n68,611.1\n63,935.0\n63,899.2\n62,949.9\n62,949.9\n62,949.9\n62,157.8\n61,925.6\n58,750.3\n58,524.4\n58511.73\n58304.47\n58314.95\nM1\n2,121,531.8\n2,056,411.0\n2,084,474.4\n2,182,139.2\n2,093,086.3\n2,237,855.5\n2,235,533.5\n2,218,883.4\n2,425,237.0\n2,428,916.0\n2,497,798.0\n2,477,246.4\n2,578,301.4\nComm. Banks Savings Deposits\n230,198.0\n267,921.4\n275,167.8\n248,074.6\n239,113.1\n227,534.6\n230,176.6\n231,465.3\n259,856.4\n266166.63\n280598.53\n291567.7\n290006.1\nBuilding Soc. Savings Deposits\n244,746.0\n256,526.3\n280,947.9\n279,625.3\n275,914.5\n277,271.4\n230,176.6\n294,208.3\n308,439.9\n296041.79\n297854.81\n305980.4\n311092.0\nP O S B Savings Deposits\n75,993.4\n74,678.1\n71,195.6\n73,397.6\n68,785.7\n71,554.2\n77,161.5\n73,380.5\n76,307.7\n72505.78\n73735.74\n73847.9\n74405.9\nComm. Banks U-30 Day Deposits\n645,401.5\n607,334.3\n670,242.5\n707,686.1\n587,421.2\n505,981.9\n613,287.8\n565,136.6\n565,317.5\n650234.31\n597527.61\n588796.4\n506719.1\nMerchant Banks U-30 Day Deposits\n12,132.4\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.00\n0.00\n0.0\n0.0\nBuilding Soc. U- 30 Day Deposits\n152,280.6\n189,428.7\n175,953.7\n188,805.2\n171,250.8\n156,077.5\n190,548.2\n144,911.8\n127,578.2\n165352.52\n131683.21\n123683.2\n108106.2\nM2\n3,482,283.7\n3,452,299.9\n3,557,981.9\n3,679,728.0\n3,435,571.6\n3,476,275.0\n3,576,884.3\n3,527,985.9\n3,762,736.7\n3,879,217.1\n3,879,197.9\n3,861,122.0\n3,868,630.7\nComm. Banks O-30 Day Deposits\n503,769.1\n618,804.9\n536,216.7\n509,642.0\n651,895.8\n622,991.6\n611,608.0\n628,213.7\n503,244.7\n420265.08\n424676.94\n449879.1\n573809.8\nMerchant Banks O-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.00\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n355,362.1\n340,739.4\n364,490.5\n326,111.5\n351,579.9\n340,974.7\n303,177.5\n409,350.0\n444,267.1\n432822.35\n413975.79\n421729.2\n438461.8\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11266.60\n11266.60\n11266.6\n11266.6\nP O S B Time Deposits\n17,638.5\n15,733.8\n18,011.8\n17,261.6\n23,646.5\n21,540.3\n24,019.0\n24,010.2\n23,668.6\n21851.26\n25326.55\n24881.2\n24640.9\nM3\n4,370,320.0\n4,438,844.6\n4,487,967.5\n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,526,955.4\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\nSoure:Reserve Bank of Zimbabwe, 2016\n2015\n2016\nTABLE 1.1 : MONETARY AGGREGATES\n US$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n9 \n \n \nMAR\nAPR\nMAY\nJUNE\nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nNET FOREIGN ASSETS \n-565,959.3\n-636,028.1\n-681,066.5\n-775,512.6\n-723,772.8\n-727,785.7\n-715,689.4\n-822,417.2\n-771,548.0\n-667,684.9\n-688,591.4\n-780,139.7\n-728,823.7\n Assets\n816,079.6\n755,493.4\n811,200.4\n926,353.7\n843,689.2\n867,447.1\n889,018.6\n784,372.6\n667,350.7\n792,677.3\n758,634.6\n679,001.9\n687,149.8\n Reserve Bank (RBZ)\n282,170.1\n282,900.6\n303,218.6\n453,986.1\n395,771.0\n360,705.6\n360,255.9\n335,321.7\n300,180.5\n433,452.9\n424,269.1\n390,810.3\n334,552.7\n Deposit Money Banks (DMBs) \n469,563.3\n424,368.1\n418,721.9\n390,608.3\n361,517.6\n428,702.8\n448,219.8\n387,305.0\n310,522.6\n300,320.1\n302,773.5\n259,017.9\n318,832.0\n Other Banking Institutions (OBIs) \n64,346.2\n48,224.7\n89,260.0\n81,759.3\n86,400.6\n78,038.7\n80,542.9\n61,745.9\n56,647.6\n58,904.3\n31,592.0\n29,173.7\n33,765.2\n Liabilities \\2\n-1,382,038.9\n-1,391,521.5\n-1,492,266.9\n-1,701,866.3\n-1,567,462.0\n-1,595,232.7\n-1,604,707.9\n-1,606,789.8\n-1,438,898.6\n-1,460,362.2\n-1,447,226.0\n-1,459,141.6\n-1,415,973.5\n RBZ\n858,095.4\n894,207.5\n868,931.4\n1,093,306.3\n1,039,959.7\n1,056,817.9\n1,057,080.8\n1,069,972.4\n1,048,664.8\n1,096,800.8\n1,090,485.7\n1,117,823.6\n1,075,644.5\n DMBs\n473,182.2\n448,998.0\n574,792.7\n560,305.8\n478,956.0\n490,791.1\n504,085.0\n494,458.0\n347,787.2\n320,578.9\n313,434.2\n299,029.1\n303,288.3\n OBIs\n50,761.3\n48,315.9\n48,542.8\n48,254.1\n48,546.3\n47,623.8\n43,542.1\n42,359.5\n42,446.6\n42,982.5\n43,306.1\n42,288.9\n37,040.8\nNET DOMESTIC ASSETS \n4,936,279.4\n5,074,872.7\n5,169,034.0\n5,319,522.4\n5,197,733.1\n5,200,833.8\n5,301,713.1\n5,423,243.6\n5,516,731.6\n5,433,107.3\n5,443,035.2\n5,549,017.8\n5,645,633.4\nDOMESTIC CREDIT\n4,371,027.6\n4,529,777.2\n4,817,875.2\n4,869,072.4\n4,981,511.5\n5,029,107.1\n5,079,842.4\n5,196,662.7\n5,345,272.0\n5,535,396.4\n5,476,442.4\n5,489,962.3\n5,542,678.3\n Claims on Government (net) \n537,675.3\n665,258.8\n950,594.0\n1,074,237.6\n1,160,044.8\n1,192,006.7\n1,182,354.0\n1,253,218.7\n1,359,827.4\n1,564,354.7\n1,530,792.2\n1,671,934.4\n1,691,128.7\n RBZ\n-22,274.1\n98,377.6\n97,847.8\n91,807.5\n243,082.9\n244,517.6\n254,297.8\n271,997.2\n314,096.4\n331,552.1\n355,230.5\n418,006.5\n446,003.9\n DMBs\n500,344.5\n498,836.6\n784,428.5\n904,112.3\n845,865.3\n860,228.9\n838,982.9\n890,154.0\n954,556.6\n1,119,720.1\n1,068,095.4\n1,153,295.1\n1,166,120.4\n OBIs\n59,604.9\n68,044.6\n68,317.8\n78,317.8\n71,096.6\n87,260.2\n89,073.3\n91,067.5\n91,174.4\n113,082.5\n107,466.4\n100,632.7\n79,004.4\n Claims on Public Enterprises \n71,543.2\n102,474.3\n104,306.3\n53,148.2\n48,641.8\n56,508.0\n54,523.7\n84,877.1\n83,806.0\n140,910.1\n145,507.6\n120,445.0\n179,370.7\n RBZ\n0.0\n737.3\n1,087.1\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n DMBs\n69,816.8\n100,742.9\n102,436.0\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n69,816.8\n100,742.9\n102,436.0\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n OBIs\n1,726.4\n994.2\n783.2\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n951.8\n Claims on Private Sector\n3,761,809.1\n3,762,044.1\n3,762,974.9\n3,741,686.6\n3,772,824.9\n3,780,592.5\n3,842,964.7\n3,858,567.0\n3,901,638.6\n3,830,131.6\n3,800,142.6\n3,697,582.8\n3,672,178.9\n RBZ\n31,409.0\n31,558.0\n31,155.6\n51,689.8\n66,722.4\n92,768.9\n67,359.3\n75,959.6\n77,442.5\n90,549.5\n93,049.5\n74,614.5\n56,342.7\n DMBs\n2,960,892.4\n2,948,993.7\n2,960,917.8\n2,900,630.1\n2,910,157.5\n2,875,477.3\n2,956,930.6\n2,950,844.9\n2,981,759.1\n2,874,287.6\n2,860,825.0\n2,773,512.1\n2,774,147.9\n OBIs\n769,507.7\n781,492.4\n770,901.6\n789,366.8\n795,945.0\n812,346.3\n818,674.8\n831,762.5\n842,437.0\n865,294.5\n846,268.2\n849,456.3\n841,688.3\nOTHER ITEMS (NET) \n565,251.8\n545,095.4\n351,158.7\n450,450.0\n216,221.6\n171,726.7\n221,870.7\n226,580.9\n171,459.6\n-102,289.2\n-33,407.2\n59,055.5\n102,955.1\nBROAD MONEY (M3) \n4,370,320.1\n4,438,844.6\n4,487,967.5\n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,586,023.7\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n2015\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n2016\n \n \nMONTHLY ECONOMIC REVIEW \n10 \n \n \nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nNET FOREIGN ASSETS \n197,347.2\n-70,068.7\n-45,038.4\n-94,446.1\n51,739.9\n-4,012.9\n12,096.3\n-106,727.8\n50,869.2\n103,863.0\n-20,906.5\n-91,548.3\n51,316.0\n Assets\n78,246.1\n-60,586.2\n55,707.0\n115,153.3\n-82,664.5\n23,757.8\n21,571.5\n-104,646.0\n-117,021.9\n125,326.6\n-34,042.7\n-79,632.7\n8,148.0\n Reserve Bank (RBZ)\n1,280.1\n730.6\n20,317.9\n150,767.5\n-58,215.1\n-35,065.4\n-449.7\n-24,934.2\n-35,141.2\n133,272.4\n-9,183.8\n-33,458.8\n-56,257.6\n Deposit Money Banks (DMBs)\n69,089.7\n-45,195.2\n-5,646.2\n-28,113.6\n-29,090.7\n67,185.1\n19,517.0\n-60,914.8\n-76,782.4\n-10,202.5\n2,453.4\n-43,755.6\n59,814.1\n Other Banking Institutions (OBIs) \\1\n7,876.2\n-16,121.6\n41,035.3\n-7,500.7\n4,641.3\n-8,361.9\n2,504.2\n-18,797.0\n-5,098.3\n2,256.7\n-27,312.3\n-2,418.3\n4,591.5\n Liabilities \\2\n119,101.1\n-9,482.6\n-100,745.5\n-209,599.4\n134,404.3\n-27,770.7\n-9,475.2\n-2,081.9\n167,891.2\n-21,463.6\n13,136.2\n-11,915.5\n43,168.1\n RBZ\n-151,066.4\n36,112.1\n-25,276.1\n224,375.0\n-53,346.7\n16,858.2\n262.9\n12,891.6\n-21,307.6\n48,136.0\n-6,315.1\n27,337.9\n-42,179.1\n DMBs\n34,825.7\n-24,184.2\n125,794.7\n-14,486.9\n-81,349.8\n11,835.0\n13,293.9\n-9,627.0\n-146,670.7\n-27,208.4\n-7,144.6\n-14,405.1\n4,259.2\n OBIs\n-2,860.4\n-2,445.4\n226.9\n-288.7\n292.2\n-922.5\n-4,081.6\n-1,182.7\n87.1\n535.9\n323.5\n-1,017.2\n-5,248.1\nNET DOMESTIC ASSETS \\3\n-164,914.1\n138,593.3\n94,161.3\n150,488.4\n-121,789.3\n3,100.7\n100,879.2\n121,530.5\n93,488.0\n-83,624.4\n9,928.0\n105,982.5\n96,615.7\nDOMESTIC CREDIT\n121,975.3\n158,749.6\n288,098.0\n51,197.2\n112,439.1\n47,595.6\n50,735.3\n116,820.4\n148,609.3\n190,124.4\n-58,954.0\n13,519.9\n52,716.0\n Claims on Government (net) \n-11,503.9\n127,583.5\n285,335.2\n123,643.6\n85,807.2\n31,961.9\n-9,652.6\n70,864.7\n106,608.7\n204,527.3\n-33,562.5\n141,142.2\n19,194.3\n RBZ\n-9,366.0\n120,651.7\n-529.8\n-6,040.3\n151,275.4\n1,434.7\n9,780.2\n17,699.4\n42,099.2\n17,455.7\n23,678.3\n62,776.1\n27,997.4\n DMBs\n-9,735.8\n-1,507.9\n285,591.8\n119,683.9\n-58,247.0\n14,363.6\n-21,245.9\n51,171.1\n64,402.6\n165,163.5\n-51,624.8\n85,199.8\n12,825.3\n OBIs\n7,597.9\n8,439.7\n273.1\n10,000.0\n-7,221.2\n16,163.6\n1,813.1\n1,994.2\n106.9\n21,908.1\n-5,616.0\n-6,833.7\n-21,628.3\n Claims on Public Enterprises \n2,598.9\n30,931.2\n1,832.0\n-51,158.1\n-4,506.4\n7,866.2\n-1,984.3\n30,353.4\n-1,071.0\n57,104.1\n4,597.4\n-25,062.5\n58,925.6\n RBZ\n0.0\n737.3\n349.8\n102.0\n742.4\n167.2\n325.0\n27,938.9\n12.5\n49,194.3\n-2,836.7\n-22,564.6\n16,188.3\n DMBs\n872.5\n30,926.1\n1,693.1\n-51,182.0\n-4,743.6\n6,619.9\n-2,342.5\n2,560.3\n-843.4\n7,698.3\n7,645.6\n-2,520.4\n42,734.4\n Agri-PEs\n-1,519.5\n-1,520.5\n-1,521.5\n-1,522.5\n-1,523.5\n-1,524.5\n-1,525.5\n-1,526.5\n-1,527.5\n-1,528.5\n-9,457.5\n-7,505.4\n-6,965.8\n Other\n2,392.0\n32,446.6\n3,214.7\n-49,659.5\n-3,220.1\n8,144.4\n-816.9\n4,086.8\n684.1\n9,226.8\n17,103.1\n4,985.0\n49,700.2\n OBIs\n1,726.4\n-732.2\n-211.0\n-78.1\n-505.2\n1,079.1\n33.1\n-145.7\n-240.1\n211.5\n-211.5\n22.5\n3.0\n Claims on Private Sector\n130,880.3\n234.9\n930.9\n-21,288.3\n31,138.3\n7,767.5\n62,372.2\n15,602.3\n43,071.6\n-71,507.0\n-29,989.0\n-102,559.8\n-25,403.9\n RBZ\n-3,316.3\n149.0\n-402.4\n20,534.2\n15,032.7\n26,046.5\n-25,409.6\n8,600.4\n1,482.9\n13,107.0\n2,500.0\n-18,435.0\n-18,271.7\n DMBs\n136,476.5\n-11,898.7\n11,924.1\n-60,287.7\n9,527.4\n-34,680.2\n81,453.3\n-6,085.7\n30,914.2\n-107,471.5\n-13,462.6\n-87,312.9\n635.8\n OBIs\n-2,280.0\n11,984.7\n-10,590.8\n18,465.2\n6,578.2\n16,401.3\n6,328.5\n13,087.7\n10,674.5\n22,857.6\n-19,026.4\n3,188.1\n-7,768.0\nOTHER ITEMS (NET) \n-286,889.4\n-20,156.4\n-193,936.7\n99,291.2\n-234,228.4\n-44,494.9\n50,144.0\n4,710.2\n-55,121.3\n-273,748.8\n68,882.0\n92,462.7\n43,899.6\nBROAD MONEY (M3) \n32,433.1\n68,524.5\n49,122.9\n56,042.3\n-70,049.4\n-912.2\n112,975.5\n14,802.7\n144,357.2\n20,238.7\n-10,978.5\n14,434.3\n147,931.7\n Broad Money (M3) \n0.7%\n1.57%\n1.11%\n1.2%\n-1.54%\n-0.02%\n2.53%\n0.32%\n3.14%\n0.43%\n-0.23%\n0.30%\n3.10%\n Domestic Credit \n2.9%\n3.63%\n6.36%\n1.1%\n2.31%\n0.96%\n1.01%\n2.30%\n2.86%\n3.56%\n-1.07%\n0.25%\n0.96%\n Claims on Private Sector\n3.6%\n0.01%\n0.02%\n-0.6%\n0.83%\n0.21%\n1.65%\n0.41%\n1.12%\n-1.83%\n-0.78%\n-2.70%\n-0.69%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n2015\n2016\n \n \nMONTHLY ECONOMIC REVIEW \n11 \n \n \nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST SEPTEMBER OCTOBER NOVEMBERDECEMBER JANUARY FEBRUARY\nMARCH\nNET FOREIGN ASSETS \n250,879.1\n59,815.5\n-95,449.8\n-180,094.9\n-22,698.6\n-100,052.1\n-179,455.4\n-223,571.1\n-3,723.5\n51,716.5\n25,599.2\n-16,833.2\n-162,864.4\n Assets\n-205,308.8\n-308,111.1\n-379,009.3\n-200,283.4\n-183,460.8\n-212,180.1\n-216,884.3\n-214,670.1\n-160,163.5\n-103,502.5\n-72,324.8\n-58,831.6\n-128,929.8\n Reserve Bank (RBZ)\n-74,987.2\n-76,958.8\n-107,685.7\n79,429.5\n68,475.7\n-50,976.1\n-260,229.1\n-172,834.3\n-34,353.8\n70,271.8\n67,607.2\n109,920.3\n52,382.6\n Deposit Money Banks (DMBs)\n-115,561.0\n-204,196.9\n-282,081.0\n-294,731.2\n-262,175.5\n-175,757.2\n33,238.4\n-45,036.0\n-106,467.2\n-162,792.6\n-103,107.2\n-141,455.7\n-150,731.3\n Other Banking Institutions (OBIs) \\1\n-14,760.6\n-26,955.3\n10,757.3\n15,018.3\n10,239.0\n14,553.2\n10,106.4\n3,200.1\n-19,342.5\n-10,981.7\n-36,824.9\n-27,296.3\n-30,581.0\n Liabilities \\2\n456,187.9\n367,926.6\n283,559.6\n20,188.5\n160,762.2\n112,128.0\n37,428.9\n-8,901.0\n156,440.0\n155,218.9\n97,924.0\n41,998.4\n-33,934.6\n RBZ\n-294,509.5\n-261,255.8\n-283,804.9\n-48,600.0\n-96,131.8\n-60,845.6\n19,340.3\n34,361.2\n18,611.0\n75,864.3\n83,389.7\n108,661.8\n217,549.1\n DMBs\n-187,715.9\n-130,095.6\n-23,610.5\n14,958.5\n-83,111.7\n-63,177.9\n-46,073.7\n-13,602.2\n-162,923.9\n-219,844.2\n-170,029.2\n-139,327.3\n-169,893.9\n OBIs\n26,037.5\n23,424.8\n23,855.8\n13,453.0\n18,481.3\n11,895.4\n-10,695.4\n-11,858.0\n-12,127.1\n-11,239.0\n-11,284.5\n-11,332.9\n-13,720.6\nNET DOMESTIC ASSETS \\3\n25,501.8\n148,570.5\n257,686.8\n400,538.7\n272,589.1\n251,024.5\n376,976.5\n367,137.9\n333,441.6\n310,287.2\n388,719.3\n447,824.3\n709,354.1\nDOMESTIC CREDIT\n190,918.6\n379,639.8\n679,564.0\n695,004.5\n776,284.9\n794,638.6\n812,660.2\n865,327.7\n992,339.8\n1,156,742.8\n1,244,947.0\n1,240,909.9\n1,171,650.7\n Claims on Government (net) \n47,442.1\n188,341.5\n482,132.6\n575,620.5\n736,056.5\n754,533.2\n739,918.1\n782,714.1\n897,401.8\n1,048,718.3\n986,766.1\n1,122,755.2\n1,153,453.4\n RBZ\n-21,094.5\n99,556.4\n99,026.6\n92,986.5\n289,241.2\n270,492.4\n290,213.2\n286,430.3\n328,127.9\n356,615.8\n367,824.5\n430,914.6\n468,278.0\n DMBs\n49,095.3\n60,904.0\n354,951.8\n444,479.8\n415,882.2\n448,362.7\n412,213.7\n457,069.2\n511,078.6\n631,757.3\n563,398.7\n643,214.9\n665,775.9\n OBIs\n19,441.3\n27,881.1\n28,154.2\n38,154.2\n30,933.0\n35,678.2\n37,491.3\n39,214.6\n58,195.3\n60,345.2\n55,543.0\n48,625.8\n19,399.5\n Claims on Public Enterprises \n-7,984.8\n24,181.6\n25,922.7\n-20,025.0\n-28,752.0\n-13,816.8\n-17,867.0\n12,502.1\n17,145.1\n74,160.0\n80,539.8\n51,500.7\n107,827.5\n RBZ\n0.0\n737.3\n1,087.1\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n DMBs\n-9,711.2\n22,450.1\n24,052.3\n-21,919.3\n-30,883.4\n-17,194.6\n-21,602.9\n-19,027.0\n-14,156.5\n-6,547.4\n2,880.7\n-3,616.3\n38,245.6\n Agri-PEs\n-6,896.5\n-6,898.8\n-6,908.9\n-1,516.3\n-1,511.0\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n-1,518.5\n-1,519.5\n-1,520.5\n Other\n-2,814.7\n29,348.9\n30,961.2\n-20,403.0\n-29,372.5\n-15,680.0\n-20,087.4\n-17,511.5\n-12,639.9\n-5,029.8\n4,399.2\n-2,096.7\n39,766.1\n OBIs\n1,726.4\n994.2\n783.2\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n-774.5\n Claims on Private Sector\n151,461.2\n167,116.7\n171,508.7\n139,409.0\n68,980.4\n53,922.1\n90,609.0\n70,111.5\n77,793.0\n33,864.5\n177,641.0\n66,654.0\n-89,630.2\n RBZ\n-3,336.1\n-3,187.1\n-3,589.5\n16,964.5\n31,997.2\n58,043.6\n32,634.0\n41,234.4\n42,717.2\n55,824.2\n58,324.2\n39,889.2\n24,933.7\n DMBs\n-33,095.8\n-19,566.9\n4,881.3\n-55,223.4\n-103,031.0\n-141,232.5\n-64,459.1\n-65,906.0\n-55,036.1\n-135,814.0\n25,822.4\n-50,903.8\n-186,744.5\n OBIs\n187,893.1\n189,870.6\n170,216.9\n177,667.9\n140,014.2\n137,110.9\n122,434.1\n94,783.1\n90,111.8\n113,854.3\n93,494.4\n77,668.6\n72,180.6\nOTHER ITEMS (NET) \n-165,416.8\n-231,069.3\n-421,877.2\n-294,465.8\n-503,695.8\n-543,614.1\n-435,683.7\n-498,189.8\n-658,898.2\n-846,455.6\n-856,227.7\n-793,085.7\n-462,296.6\nBROAD MONEY (M3) \n276,380.8\n208,386.1\n162,237.0\n220,443.8\n249,890.4\n150,972.4\n197,521.1\n143,566.8\n329,718.1\n362,003.6\n414,318.5\n430,991.1\n546,489.7\nGROWTH RATES\n Broad Money (M3) \n6.8%\n4.9%\n3.8%\n5.1%\n5.9%\n3.5%\n4.5%\n3.2%\n7.5%\n8.2%\n9.5%\n9.9%\n12.5%\n Domestic Credit \n4.6%\n9.1%\n16.4%\n16.7%\n18.5%\n18.8%\n19.0%\n20.0%\n22.8%\n26.4%\n29.4%\n29.2%\n26.8%\n Claims on Private Sector\n4.2%\n4.6%\n4.8%\n3.9%\n1.9%\n1.4%\n2.4%\n1.9%\n2.0%\n0.9%\n4.9%\n1.8%\n-2.4%\nSource:Reserve Bank of Zimbabwe\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\n$ Thousands\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n2016\n2015\n \n \nMONTHLY ECONOMIC REVIEW \n12 \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nFeb\n538,722.0\n42,062.8\n47,395.1\n446,647.8\n21,790.0\n117,681.6\n461,237.6\n214,420.4\n463,884.6\n48,357.0\n544,838.5\n1,416.2\n2,948,453.6\nMar\n549,118.0\n42,010.1\n44,087.2\n448,278.7\n76,302.3\n110,180.3\n473,978.1\n203,327.9\n466,104.7\n48,938.0\n550,140.6\n1,339.6\n3,013,805.6\nApr\n556,457.4\n30,687.3\n44,546.9\n451,852.9\n65,696.1\n72,653.7\n457,797.1\n202,418.2\n518,353.6\n47,653.8\n551,662.8\n990.1\n3,000,770.0\nMay\n577,258.6\n31,400.7\n44,839.1\n456,652.1\n64,792.3\n75,682.2\n460,700.3\n192,377.2\n545,363.4\n50,061.9\n561,058.3\n1,034.4\n3,061,220.5\nJun\n576,485.1\n29,649.0\n56,936.5\n463,750.7\n20,117.9\n91,678.4\n407,949.0\n181,512.7\n512,108.4\n40,839.7\n590,917.1\n965.9\n2,972,910.2\nJul\n589,866.7\n27,447.9\n56,456.1\n474,568.7\n21,025.9\n92,335.6\n418,612.0\n186,238.8\n416,928.9\n41,201.6\n579,629.0\n941.4\n2,905,252.7\nAug\n580,775.3\n28,148.8\n58,618.6\n460,451.4\n22,509.2\n105,466.9\n411,831.6\n176,732.7\n440,470.4\n41,154.5\n571,926.0\n886.9\n2,898,972.1\nSep\n598,429.9\n28,307.9\n59,213.0\n443,604.1\n22,711.9\n102,015.0\n421,228.0\n174,144.2\n467,804.5\n43,051.0\n569,250.1\n929.5\n2,930,689.0\nOct\n609,537.2\n33,868.4\n53,813.7\n466,727.6\n21,566.0\n104,959.3\n447,136.6\n141,401.6\n484,254.8\n40,156.6\n573,330.4\n907.7\n2,977,660.0\nNov\n650,547.2\n28,696.7\n49,784.9\n440,864.2\n12,868.9\n104,288.1\n428,393.1\n152,136.9\n444,207.8\n40,760.5\n543,920.4\n696.2\n2,897,164.8\nDec\n590,610.6\n30,958.8\n44,706.5\n366,799.2\n13,354.6\n87,897.5\n450,208.5\n163,452.9\n475,424.5\n40,154.3\n518,998.3\n527.5\n2,783,093.0\n2016\nJan\n577,684.4\n35,033.6\n35,535.9\n379,618.2\n13,329.2\n68,325.8\n476,677.0\n158,150.5\n410,992.6\n40,295.6\n535,379.3\n380.2\n2,731,402.2\nFeb\n539,562.8\n35,885.1\n37,857.4\n374,835.1\n13,285.9\n63,301.8\n473,970.3\n155,889.4\n415,520.6\n40,862.5\n531,789.5\n365.3\n2,683,125.7\nMar\n586,349.7\n39,180.5\n41,037.5\n371,809.6\n13,397.9\n63,061.4\n444,769.1\n156,209.2\n402,900.5\n44,606.7\n588,882.7\n410.7\n2,752,615.5\nSource:Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n13 \n \n \n \n \n \n \n \n \nEND OF\nAGRICULTURE CONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPOR\nT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2015\nJan\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\nFeb\n151,740.1\n63,112.6\n109,807.6\n370,581.8\n314,944.7\n784,737.6\n309,307.9\n120,255.1\n1,028,160.1\n43,112.0\n606,650.6\n78,891.2\n3,981,301.2\nMar\n199,484.8\n63,709.2\n116,397.4\n378,460.0\n351,448.0\n762,380.7\n373,911.9\n99,744.6\n912,654.4\n42,478.9\n644,951.3\n72,605.2\n4,018,226.6\nApr\n186,896.3\n65,974.0\n130,284.9\n380,884.8\n330,001.9\n799,952.4\n373,648.3\n109,735.0\n944,772.9\n44,964.9\n653,801.0\n75,850.9\n4,096,767.2\nMay\n185,803.2\n73,167.5\n111,512.1\n523,774.7\n299,659.2\n801,335.5\n419,453.7\n113,355.0\n1,041,392.8\n50,057.9\n619,767.9\n71,388.8\n4,310,668.3\nJun\n187,657.0\n76,777.8\n109,336.0\n498,031.3\n304,087.2\n877,042.8\n338,069.8\n67,556.6\n1,131,497.1\n43,949.0\n651,072.8\n72,166.9\n4,357,244.2\nJul\n180,261.3\n80,536.4\n106,645.3\n452,744.1\n295,611.1\n911,363.8\n360,746.5\n88,518.4\n971,759.9\n53,101.6\n647,215.1\n70,618.8\n4,219,122.4\nAug\n168,075.2\n86,038.9\n108,477.7\n472,875.1\n335,158.3\n784,616.6\n401,830.1\n76,647.0\n1,042,260.4\n55,455.9\n657,177.1\n51,922.5\n4,240,535.0\nSep\n197,641.5\n85,842.6\n112,415.3\n462,925.6\n349,564.2\n831,813.0\n379,121.4\n71,090.0\n1,033,106.7\n53,348.1\n676,308.0\n55,759.2\n4,308,935.5\nOct\n219,922.3\n85,382.0\n116,874.4\n447,200.7\n331,543.6\n821,640.8\n378,568.5\n68,298.7\n1,100,719.7\n55,846.7\n648,757.5\n67,353.2\n4,342,108.3\nNov\n212,806.1\n85,815.7\n98,468.4\n465,089.7\n334,835.6\n846,959.0\n363,754.4\n71,866.2\n1,074,141.8\n56,110.3\n665,421.1\n64,630.3\n4,339,898.7\nDec\n196,092.9\n88,273.0\n102,636.9\n518,411.4\n336,909.2\n864,491.7\n307,845.0\n63,337.5\n1,163,771.1\n57,410.5\n639,985.6\n66,435.7\n4,405,600.5\n2016\nJan\n231,827.3\n101,724.1\n93,544.2\n517,089.2\n325,203.1\n977,272.1\n345,812.2\n62,026.3\n1,083,702.7\n61,755.6\n618,080.1\n58,808.7\n4,476,845.6\nFeb\n226,568.3\n105,747.9\n97,684.4\n525,070.9\n339,839.0\n896,869.2\n326,026.0\n59,381.3\n1,047,904.6\n63,248.3\n634,478.3\n63,017.8\n4,385,835.9\nMar\n243546.90\n102238.40\n116471.10\n582943.54\n362058.81\n879340.81\n368689.62\n60514.04\n402900.48\n62839.35\n642779.37\n61037.62\n4556027.12\nSource: Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n14 \n \n \n \n \n \n \n \n \n \n \nEnd Period\n1999\n2000\n2001\n2002\n2003\n2004\n2005\n2006\n2007\n2008\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n(US$ millions)\nLong-Term External Debt\n3,530\n3,227\n3,255\n3,327\n3,644\n3,927\n3,805\n3,965\n4,032\n4,464\n4,951\n5,175\n6,096\n6,607\n7,370\n8,444\n8,426\nGovernment\n2,461\n2,249\n2,328\n2,376\n2,617\n2,844\n2,895\n3,024\n3,054\n3,464\n4,037\n4,095\n4,638\n4,929\n5,012\n4,522\n5,293\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\n3,310\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\n1,982\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n543\n534\n568\n616\n698\n714\n709\n766\n790\n825\n857\n938\n1,092\n1,198\n1,356\n1,661\n1,220\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\n760\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\n460\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nPrivate\n162\n152\n67\n56\n41\n78\n57\n45\n51\n35\n57\n142\n366\n480\n1,002\n2,261\n1,913\nShort-Term External Debt\n532\n298\n167\n183\n169\n144\n173\n281\n387\n226\n1,198\n1,382\n1,289\n890\n1,564\n2,394\n2,258\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\n587\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\n1,671\nTotal External Debt\n4,062\n3,525\n3,422\n3,510\n3,812\n4,071\n3,978\n4,246\n4,419\n4,690\n6,149\n6,557\n7,385\n7,497\n8,934\n10,838\n10,684\nSource: Ministry of Finance & Economic Development, 2016 ; Reserve Bank of Zimbabwe, 2016\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \nMONTHLY ECONOMIC REVIEW \n15 \n \n \nEnd Period\nNominal Lending Rates2\nIndividuals \nCorporate\n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \nFeb\n4.30-33.50\n14.00 \n9.73 \nMar\n4.30-33.50\n13.24 \n8.75 \nApr\n4.30-31.00\n12.71 \n8.84 \nMay\n5.00-31.00\n12.74 \n8.79 \nJun\n5.00-31.00\n11.94 \n8.42 \nJul\n5.00-31.00\n11.86 \n8.56 \nAug\n4.30-26.00\n11.96 \n8.51 \nSep\n4.30-25.00\n11.81 \n8.47 \nOct\n4.00-18.00\n10.98 \n7.28 \nNov\n4.00-16.25\n12.20 \n7.67 \nDec\n6.00-16.00\n11.99 \n7.57 \n2016 \nJan\n6.00-22.00\n12.08 \n7.38 \nFeb\n4.00-22.00\n11.48 \n7.29 \nMar\n4.00-22.00\n11.44 \n7.16 \n Source:Reserve Bank of Zimbabwe, 2016\nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates 3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \nMONTHLY ECONOMIC REVIEW \n16 \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2015 \nJan\n0.15-8.00\n3.00-17.00\nFeb\n0.50-12.00\n1.00-17.00\nMar\n0.50-12.00\n1.00-17.00\nApr\n0.30-8.00\n1.00-17.00\nMay\n0.30-8.00\n1.00-17.00\nJun\n0.30-8.00\n1.00-17.00\nJul\n0.30-8.00\n1.00-15.00\nAug\n0.30-8.00\n1.00-15.00\nSep\n0.30-8.00\n1.00-16.00\nOct\n0.50-8.00\n1.00-17.00\nNov\n0.75-8.00\n1.00-17.00\nDec\n0.50-8.00\n0.75-17.00\n2016 \nJan\n0.50-8.00\n0.75-17.00\nFeb\n0.50-8.00\n0.75-17.00\nMar\n0.50-8.00\n0.75-17.00\n Source:Reserve Bank of Zimbabwe, 2016\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \nMONTHLY ECONOMIC REVIEW \n17 \n \n \n \n \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION \n&\nEDUCATION\nRESTAURANTS \n&\nMISC.\nTOTAL NON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015 \nJan\n-0.04\n-0.01\n0.08\n0.07\n0.06\n-0.97\n-13.41\n0.02\n-0.08\n-0.48\n0.30\n-0.69\n0.40\n-0.34\nFeb\n0.25\n-0.35\n-0.09\n-0.11\n-0.02\n-0.41\n-0.10\n-0.17\n0.00\n-0.28\n0.10\n-0.13\n0.05\n-0.07\nMar\n0.12\n-0.27\n-0.06\n-0.02\n-0.05\n0.02\n0.00\n0.03\n0.00\n0.12\n0.10\n-0.03\n-0.03\n-0.03\nApr\n-0.63\n-0.01\n-0.71\n-3.35\n-0.46\n-0.05\n-0.15\n-0.13\n-0.07\n0.59\n0.41\n-0.04\n-1.01\n-0.89\nMay\n-0.17\n-0.41\n0.18\n-0.25\n0.10\n-0.25\n-0.02\n-0.11\n0.00\n-0.08\n-0.44\n-0.10\n-0.37\n-0.19\nJun\n0.36\n-0.06\n-0.02\n-0.07\n-0.17\n0.06\n0.01\n-0.09\n0.00\n-0.07\n0.11\n0.01\n-0.45\n-0.14\nJul\n-0.08\n0.05\n-0.56\n-0.82\n0.15\n-0.09\n-0.02\n-0.14\n7.48\n-0.02\n0.03\n0.47\n-0.81\n0.06\nAug\n-0.27\n-0.01\n0.02\n-0.14\n-0.04\n-0.29\n-0.06\n-0.26\n0.00\n-0.14\n-0.09\n-0.10\n-0.75\n-0.36\nSep\n-0.05\n0.00\n-0.62\n-0.52\n0.04\n-0.42\n-0.38\n-0.01\n0.00\n1.28\n-0.30\n-0.31\n-0.47\n-0.36\nOct\n-0.43\n-0.31\n-0.08\n-0.32\n0.61\n-0.47\n0.02\n-0.14\n0.00\n-0.18\n0.12\n-0.17\n-0.53\n-0.29\nNov\n-0.15\n-0.19\n-0.01\n-0.24\n0.00\n-0.08\n-0.23\n-0.02\n2.83\n-0.03\n-0.02\n0.22\n0.04\n0.16\nDec\n-0.41\n-0.15\n0.18\n-0.07\n-0.06\n-0.25\n-0.03\n0.09\n0.00\n-0.07\n-0.30\n-0.06\n-0.21\n-0.11\n2016 \nJan\n0.05\n-0.02\n-0.04\n-0.30\n-0.15\n-0.37\n0.00\n-0.18\n0.00\n-0.16\n-0.29\n-0.13\n0.13\n-0.05\nFeb\n-0.14\n0.00\n-0.12\n-0.19\n-0.17\n-0.37\n-0.13\n-0.01\n0.00\n-0.17\n0.06\n-0.14\n-0.03\n-0.10\nMar\n-0.15\n-0.17\n-1.03\n-0.73\n-0.13\n-0.30\n0.42\n-0.04\n3.36\n-0.62\n-0.60\n-0.11\n-0.13\n-0.12\nSource:Zimstat, 2016\nNON-FOOD INFLATION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n18 \n \n \nFOOD \nIN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHS IN G, \nWA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A TIO\nN\nR EC R EA TION \n&\nED U C A TION\nR ES TA U R A N T\nS &\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\nFOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON \nA LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015\nJan\n0.47\n0.00\n-0.16\n-1.86\n1.21\n0.19\n-13.69\n-0.44\n4.35\n-2.16\n-1.82\n-0.57\n-2.74\n-1.28\nFeb\n0.73\n-0.25\n-0.14\n-1.88\n1.10\n-0.30\n-13.78\n-0.57\n4.11\n-2.36\n-1.80\n-0.68\n-2.87\n-1.40\nMar\n0.90\n-0.46\n0.62\n-1.78\n1.03\n-0.28\n-13.78\n-0.54\n4.11\n-2.26\n-1.41\n-0.44\n-2.77\n-1.20\nApr\n-2.93\n0.59\n-1.07\n-2.62\n-1.50\n0.81\n-0.76\n-13.88\n-0.95\n-7.02\n-0.84\n-1.41\n-2.51\n-2.65\nMay\n0.31\n-1.37\n-2.39\n-1.45\n0.92\n-1.23\n-13.87\n-0.86\n-7.09\n-0.79\n-1.42\n-2.56\n-3.00\n-2.70\nJun\n0.72\n-1.54\n-2.41\n-1.58\n0.45\n-1.14\n0.00\n-0.87\n-7.09\n-0.75\n-1.38\n-2.57\n-3.32\n-2.81\nJul\n0.74\n-1.61\n-3.24\n-2.37\n0.50\n-1.12\n-13.77\n-0.93\n-1.90\n-1.61\n-0.99\n-2.35\n-3.65\n-2.77\nAug\n0.61\n-1.53\n-3.22\n-2.37\n0.42\n-1.67\n-13.77\n-1.11\n-1.88\n-1.78\n0.13\n-2.38\n-3.59\n-2.77\nSep\n0.47\n-1.67\n-4.25\n-2.62\n0.25\n-2.45\n-14.05\n-0.99\n-1.88\n-0.12\n-0.28\n-2.83\n-3.72\n-3.11\nOct\n-0.12\n-2.04\n-4.33\n-2.80\n0.86\n-2.64\n-13.98\n-1.09\n-1.89\n-0.32\n-0.20\n-2.95\n-4.00\n-3.29\nNov\n-0.45\n-2.35\n-4.32\n-2.94\n0.77\n-2.81\n-14.19\n-1.14\n11.08\n0.28\n-0.27\n-1.80\n-3.85\n-2.46\nDec\n-0.88\n-2.39\n-4.29\n-2.91\n0.57\n-3.24\n-14.22\n-0.89\n11.08\n0.43\n-0.42\n-1.89\n-3.71\n-2.47\n2016\nJan\n-0.79\n-2.41\n-4.40\n-3.27\n0.37\n-2.66\n-0.93\n-1.09\n11.17\n0.75\n-1.01\n-1.34\n-3.96\n-2.19\nFeb\n-1.16\n-2.06\n-4.43\n-3.35\n0.22\n-2.62\n-0.97\n0.21\n11.17\n0.96\n-1.17\n-1.35\n-4.04\n-2.22\nMar\n-1.43\n-1.97\n-5.36\n-4.04\n0.14\n-2.92\n-0.55\n-1.00\n14.91\n0.21\n-1.86\n-1.43\n-4.13\n-2.31\nSource: Zimstat, 2016\nN ON - FOOD IN FLA TION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n19 \n \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2015\nJAN\n11.5530\n9.6108\n117.8500\n1.1334\n1.5081\nFEB\n11.5530\n9.6108\n119.1700\n1.1200\n1.5400\nMAR\n12.1600\n9.9600\n120.1900\n1.0790\n1.4771\nAPR\n11.8200\n9.7400\n118.6000\n1.1100\n1.5400\nMAY\n12.1338\n9.7561\n123.8650\n1.0947\n1.5300\nJUNE\n12.2600\n9.9200\n122.3100\n1.1191\n1.5723\nJULY\n12.7100\n10.6700\n124.0300\n1.0941\n1.5601\nAUG\n13.3100\n10.2000\n121.1100\n1.1247\n1.5427\nSEPT\n13.9000\n10.5500\n119.9400\n1.1245\n1.5385\nOCT\n13.8500\n10.4700\n121.1500\n1.0981\n1.5400\nNOV\n14.3958\n10.6952\n122.7250\n1.0589\n1.5315\nDEC\n15.5600\n11.0990\n120.4200\n1.0929\n1.4925\n2016\nJAN\n16.0900\n11.4300\n120.5500\n1.0905\n1.4493\nFEB\n16.1100\n11.2700\n113.0300\n1.0990\n1.3880\nMAR\n15.4500\n11.1000\n112.9500\n1.1100\n1.4200\nSource: Reserve Bank of Zimbabwe, 2016\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n1. Foreign currency per US \n2. US Dollar per unit of foreign \n \n \nMONTHLY ECONOMIC REVIEW \n20 \n \n \n \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nBond\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\nCoins\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.6\n222.5\n527.9\n159.0\n182.6\n163.6\n325.7\n0.0\n1581.9\n21.4\n2796.8\n557.7\n360.2\n366.1\n5,684.15\n \n Feb\n0.4\n216.7\n501.2\n149.6\n183.2\n128.6\n344.6\n0.0\n1524.2\n17.9\n2792.5\n564.8\n325.3\n356.8\n5,581.53\n \n Mar\n0.6\n246.9\n461.4\n147.8\n222.2\n121.6\n338.0\n5.4\n1543.8\n15.5\n2925.5\n527.3\n352.5\n362.0\n5,726.56\n \n Apr\n0.7\n205.5\n492.8\n158.6\n218.5\n112.0\n335.1\n5.4\n1528.6\n18.2\n2967.1\n527.1\n364.2\n385.4\n5,790.71\n \n May\n0.7\n237.3\n495.6\n135.1\n181.0\n101.4\n622.7\n5.5\n1779.2\n18.2\n2922.7\n525.7\n434.2\n384.3\n6,064.30\n \n Jun\n0.8\n245.7\n570.9\n155.1\n144.7\n90.8\n750.1\n4.4\n1962.4\n28.8\n2872.6\n498.4\n351.0\n386.2\n6,099.41\n \n Jul\n0.9\n226.0\n544.9\n137.3\n135.3\n86.3\n770.0\n0.0\n1900.7\n28.8\n2815.0\n504.1\n361.1\n388.8\n5,998.54\n \n Aug\n1.0\n234.0\n523.7\n104.3\n194.7\n76.1\n786.5\n5.1\n1925.3\n28.8\n2810.1\n535.2\n339.9\n390.5\n6,029.64\n \n Sep\n1.0\n255.2\n551.8\n114.8\n192.9\n63.7\n764.9\n5.1\n1949.4\n28.0\n2844.1\n599.2\n404.6\n392.3\n6,217.68\n \n Oct\n0.9\n215.7\n536.1\n143.7\n171.5\n83.5\n808.3\n5.2\n1964.9\n26.7\n2884.2\n599.3\n350.6\n391.5\n6,217.02\n \n Nov\n1.2\n186.9\n526.1\n135.9\n123.5\n74.3\n871.8\n5.2\n1924.9\n26.6\n2931.5\n603.6\n355.3\n393.6\n6,235.48\n \n Dec\n0.7\n181.6\n542.9\n127.5\n118.6\n79.7\n1031.3\n5.2\n2087.6\n20.8\n2820.5\n582.0\n352.8\n396.7\n6,260.38\n \n2016\n Jan\n1.0\n172.0\n646.9\n119.2\n130.7\n76.6\n981.9\n5.2\n2133.5\n20.6\n2763.7\n582.8\n387.3\n396.6\n6,284.43\n \n Feb\n1.2\n140.7\n682.1\n96.3\n118.1\n21.5\n1125.6\n5.2\n2190.7\n20.1\n2680.9\n477.1\n390.1\n399.3\n6,158.19\n \n Mar\n1.3\n161.9\n714.2\n96.3\n156.8\n19.2\n1140.5\n5.1\n2295.4\n20.3\n2690.6\n430.6\n428.7\n405.1\n6,270.83\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n21 \n \n \n \n \n \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2015\nJan\n2056.2\n996.2\n561.7\n3614.0\n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5,684.20\n \n3614.0\nFeb\n2079.6\n876.1\n611.6\n3567.3\n426.6\n0.0\n75.6\n720.3\n564.8\n227.0\n5,581.53\n \n3567.3\nMar\n2139.3\n940.4\n513.3\n3593.0\n461.1\n0.0\n101.9\n749.7\n527.3\n293.6\n5,726.56\n \n3593.0\nApr\n2098.7\n943.5\n629.8\n3672.0\n448.9\n0.0\n103.4\n747.4\n527.1\n291.8\n5,790.71\n \n3672.0\nMay\n2131.8\n1015.3\n615.3\n3762.4\n574.7\n0.0\n82.4\n814.7\n525.7\n304.4\n6,064.30\n \n3762.4\nJun\n2213.2\n1021.9\n593.5\n3828.7\n560.2\n0.8\n103.1\n814.9\n498.4\n293.2\n6,099.41\n \n3828.7\nJul\n2166.4\n889.7\n732.5\n3788.6\n478.9\n0.8\n88.2\n813.0\n504.1\n325.0\n5,998.54\n \n3788.6\nAug\n2266.7\n790.9\n723.1\n3780.7\n490.7\n0.0\n83.4\n825.7\n535.2\n313.9\n6,029.64\n \n3780.7\nSep\n2276.7\n967.6\n648.7\n3892.9\n504.0\n0.0\n72.0\n828.1\n599.2\n321.5\n6,217.68\n \n3892.9\nOct\n2259.9\n909.3\n667.8\n3837.0\n494.3\n0.0\n122.2\n841.2\n599.3\n322.9\n6,217.02\n \n3837.0\nNov\n2475.9\n919.4\n580.1\n3975.4\n347.6\n0.0\n126.0\n845.3\n603.6\n337.5\n6,235.48\n \n3975.4\nDec\n2512.2\n999.0\n543.0\n4054.2\n320.4\n0.0\n140.4\n866.9\n582.0\n296.5\n6,260.38\n \n4054.2\n2016\nJan\n2562.6\n952.2\n558.7\n4073.5\n313.2\n0.0\n135.6\n871.3\n582.8\n308.0\n6,284.43\n \n4073.5\nFeb\n2545.7\n959.3\n572.0\n4077.1\n298.9\n0.0\n126.0\n878.1\n477.1\n301.0\n6,158.19\n \n4077.1\nMar\n2653.7\n893.4\n680.0\n4227.1\n303.1\n0.0\n135.2\n886.6\n430.6\n288.2\n6,270.83\n \n4227.1\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ Millions\nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n22 \n \n \n \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\nBond\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoins\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.0\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\n Feb\n0.0\n0.4\n0.2\n0.1\n0.1\n1.6\n0.0\n0.0\n2.5\n0.0\n72.0\n8.3\n19.3\n23.6\n125.7\n Mar\n0.0\n0.4\n0.1\n0.0\n0.1\n1.5\n0.0\n0.0\n2.1\n0.0\n73.3\n8.2\n18.5\n23.4\n125.5\n Apr\n0.0\n0.3\n0.1\n0.0\n0.1\n0.2\n0.0\n0.0\n0.6\n0.0\n66.7\n0.0\n10.3\n21.3\n98.9\n May\n0.0\n0.4\n0.0\n0.0\n0.0\n0.2\n0.0\n0.0\n0.6\n0.0\n67.9\n0.0\n9.6\n21.2\n99.3\n Jun\n0.0\n0.3\n0.0\n0.0\n0.0\n0.4\n0.0\n0.0\n0.7\n0.0\n68.1\n0.0\n9.7\n21.1\n99.6\n Jul\n0.0\n0.2\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n67.8\n0.0\n9.2\n21.0\n100.0\n Aug\n0.0\n0.1\n1.8\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n60.0\n0.0\n9.3\n28.1\n99.4\n Sep\n0.0\n0.1\n2.2\n0.0\n0.0\n0.2\n0.0\n0.0\n2.5\n0.0\n59.2\n0.0\n9.2\n28.0\n98.9\n Oct\n0.0\n0.1\n2.1\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n59.4\n0.0\n9.1\n27.8\n98.8\n Nov\n0.0\n0.1\n2.0\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n58.5\n0.0\n9.5\n20.6\n91.0\n Dec\n0.0\n0.1\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n1.9\n0.0\n59.8\n0.0\n9.4\n20.5\n91.6\n2016\n Jan\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n60.7\n0.0\n9.3\n20.3\n92.5\n Feb\n0.0\n0.1\n0.9\n1.1\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n61.6\n0.0\n9.2\n20.2\n93.2\n Mar\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n62.0\n0.0\n9.3\n20.1\n93.6\nSource:Reserve Bank of Zimbabwe, 2016\nUS$ Millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \nMONTHLY ECONOMIC REVIEW \n23 \n \n \n \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\n Feb\n38.4\n40.4\n0.0\n78.7\n11.7\n0.0\n0.0\n-48.7\n8.3\n75.6\n125.7\n78.7\n Mar\n68.6\n12.1\n0.0\n80.7\n12.0\n0.0\n0.0\n-50.7\n8.2\n75.2\n125.5\n80.7\n Apr\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-27.5\n0.0\n62.4\n98.9\n63.9\n May\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-28.8\n0.0\n64.2\n99.3\n63.9\n Jun\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-28.9\n0.0\n65.6\n99.6\n62.9\n Jul\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-27.8\n0.0\n64.8\n100.0\n62.9\n Aug\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-14.9\n0.0\n51.3\n99.4\n62.9\n Sep\n62.2\n0.0\n0.0\n62.2\n0.0\n0.0\n0.0\n-15.3\n0.0\n52.0\n98.9\n62.2\n Oct\n61.9\n0.0\n0.0\n61.9\n0.0\n0.0\n0.0\n-16.4\n0.0\n53.2\n98.8\n61.9\n Nov\n58.8\n0.0\n0.0\n58.8\n0.0\n0.0\n0.0\n-20.2\n0.0\n52.5\n91.0\n58.8\n Dec\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-20.1\n0.0\n53.2\n91.6\n58.5\n2016\n Jan\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-18.8\n0.0\n52.9\n92.5\n58.5\n Feb\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.4\n0.0\n54.3\n93.2\n58.3\n Mar\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-20.1\n0.0\n55.3\n93.6\n58.3\nSource:Reserve Bank of Zimbabwe, 2016\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n24 \n \n \n \n \n \n \n \nForeign\nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nBond\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nCoins\nat Banks\nBanks\nBills\n2015\nJan\n0.1\n37.3\n196.0\n0.0\n0.1\n51.8\n0.0\n307.1\n0.0\n511.6\n172.1\n105.8\n126.1\n1222.6\nFeb\n0.1\n32.1\n244.4\n0.0\n0.1\n51.9\n0.0\n328.6\n0.0\n522.9\n176.2\n106.8\n125.8\n1260.2\nMar\n0.1\n52.4\n214.4\n0.0\n0.1\n52.0\n0.0\n319.0\n0.0\n508.7\n180.0\n122.5\n125.5\n1255.5\nApr\n0.1\n32.5\n243.2\n0.0\n0.1\n60.4\n0.0\n336.3\n0.0\n520.2\n182.5\n118.3\n124.8\n1282.0\nMay\n0.1\n33.6\n257.7\n0.0\n0.1\n60.1\n0.0\n351.5\n0.0\n448.7\n235.1\n137.5\n125.2\n1298.0\nJun\n0.2\n59.6\n204.9\n0.0\n0.1\n60.1\n0.0\n324.8\n0.0\n464.9\n231.9\n139.4\n122.0\n1283.0\nJul\n0.2\n51.6\n205.5\n0.0\n0.1\n62.9\n0.0\n320.2\n0.0\n461.5\n230.6\n133.9\n121.9\n1268.2\nAug\n0.1\n53.0\n158.9\n0.0\n0.1\n76.2\n0.0\n288.4\n0.0\n482.9\n228.4\n136.0\n122.2\n1257.9\nSep\n0.1\n55.4\n161.7\n0.0\n0.1\n76.0\n0.0\n293.3\n0.0\n480.4\n263.4\n125.8\n122.1\n1285.0\nOct\n0.1\n45.2\n229.1\n0.0\n0.1\n76.0\n0.0\n350.5\n0.0\n494.0\n265.1\n126.0\n122.8\n1358.4\nNov\n0.1\n43.6\n256.8\n0.0\n0.1\n76.1\n0.0\n376.7\n0.0\n292.0\n479.3\n131.8\n121.1\n1400.9\nDec\n0.1\n27.3\n284.0\n0.0\n0.0\n76.6\n0.0\n387.9\n0.0\n317.4\n470.4\n114.7\n118.4\n1408.8\n2016\nJan\n0.1\n17.4\n227.8\n10.0\n0.0\n76.6\n0.0\n331.9\n0.0\n326.9\n415.3\n145.6\n119.7\n1339.4\nFeb\n0.2\n13.9\n253.5\n0.0\n0.0\n65.6\n0.0\n333.2\n0.0\n324.4\n420.2\n148.4\n119.6\n1345.8\nMar\n0.2\n20.8\n266.6\n0.0\n0.0\n48.3\n0.0\n335.9\n0.0\n339.6\n399.4\n142.9\n119.4\n1337.2\nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n25 \n \n \n \n \n \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1222.6\n770.2\nFeb\n405.8\n400.3\n806.2\n53.6\n98.3\n272.9\n29.2\n1260.2\n806.2\nMar\n408.1\n386.3\n794.4\n50.8\n108.8\n275.8\n25.8\n1255.5\n794.4\nApr\n464.1\n364.8\n828.9\n48.3\n99.4\n276.8\n28.7\n1282.0\n828.9\nMay\n472.0\n391.6\n863.6\n48.5\n87.4\n270.7\n27.8\n1298.0\n863.6\nJun\n492.9\n343.9\n836.8\n48.3\n94.0\n272.9\n31.1\n1283.0\n836.8\nJul\n458.3\n370.6\n828.9\n48.5\n85.8\n277.4\n27.5\n1268.2\n828.9\nAug\n438.4\n386.1\n824.5\n47.6\n73.2\n282.7\n29.9\n1257.9\n824.5\nSep\n498.9\n334.3\n833.2\n43.5\n84.9\n288.4\n35.0\n1285.0\n833.2\nOct\n465.3\n428.4\n893.7\n42.4\n99.0\n293.6\n29.7\n1358.4\n893.7\nNov\n446.1\n474.4\n920.4\n42.4\n104.3\n297.7\n36.0\n1400.9\n920.4\nDec\n480.5\n463.9\n944.4\n43.0\n99.4\n293.3\n28.8\n1408.8\n944.4\n2016\nJan\n447.7\n443.1\n890.7\n43.3\n74.7\n298.3\n32.3\n1339.4\n890.7\nFeb\n446.8\n441.8\n888.6\n42.3\n81.6\n301.9\n31.5\n1345.8\n888.6\nMar\n433.3\n449.5\n882.8\n37.0\n81.7\n289.7\n46.0\n1337.2\n882.8\nSource:Reserve Bank of Zimbabwe, 2016\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ Millions \nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n26 \n \n \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$)\nVolume of Shares\nUS$ Millions\n2015\nJan\n164.9\n58.13\n16,062,740.8\n57,390,451\n4,365.1\nFeb\n167.16\n55.38\n34,775,616.2\n119,324,114\n4,353.4\nMar\n158.22\n43.92\n18,903,881.0\n405,884,918\n4,117.1\nApr\n156.23\n42.93\n29,188,562.0\n563,833,853\n4,066.1\nMay\n152.96\n44.45\n23,280,422.2\n290,320,685\n3,978.1\nJun\n148.40\n44.30\n14,514,679.0\n80,441,278\n3,803.8\nJul\n145.35\n39.36\n20,419,108.0\n157,184,218\n3,812.7\nAug\n135.43\n35.34\n15,344,249.0\n76,187,436\n3,552.0\nSep\n131.93\n24.36\n18,202,232.0\n105,678,504\n3,444.5\nOct\n130.83\n23.57\n12,864,086.0\n63,758,585\n3,416.1\nNov\n117.55\n22.33\n8,947,586.0\n90,417,554\n3,141.7\nDec\n114.85\n23.72\n16,360,451.6\n183,792,940\n3,073.4\n2016\nJan\n103.04\n19.53\n10,399,904.0\n61,882,757\n2,790.4\nFeb\n99.40\n19.14\n15,556,983\n95,020,938\n2,692.3\nMar\n97.17\n19.53\n16,428,571\n97,601,725\n2,645.1\nSource:Zimbabwe Stock Exchange (ZSE),2016\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \n27 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \nCommercial\nBuilding \nEnd of\nBanks\nP.O.S.B.\nSocieties\nTOTAL\n2015\nJan\n1,557.9\n86.3\n770.2\n2,455.2\nFeb\n1,487.7\n90.4\n806.2\n2,384.2\nMar\n1,453.7\n93.6\n794.4\n2,353.9\nApr\n1,573.3\n90.4\n828.9\n2,492.6\nMay\n1,630.6\n89.2\n863.6\n2,583.4\nJun\n1,615.4\n95.1\n836.8\n2,547.3\nJul\n1,622.2\n92.4\n828.9\n2,543.5\nAug\n1,514.0\n93.1\n824.5\n2,431.5\nSep\n1,616.2\n101.3\n833.2\n2,550.7\nOct\n1,577.1\n97.5\n893.7\n2,568.3\nNov\n1,499.5\n100.0\n920.4\n2,520.0\nDec\n1,542.0\n94.4\n944.4\n2,580.8\n2016\nJan\n1,511.0\n99.6\n890.7\n2,501.3\nFeb\n1,531.3\n99.2\n888.6\n2,519.2\nMar\n1,573.4\n99.6\n882.8\n2,555.8\nSource:Reserve Bank of Zimbabwe, 2016\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ Millions\n \n \n28 \n \nMONTHLY ECONOMIC REVIEW \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2015\nJan\n1,581.9\n1,084.2\n497.7\n2.0\n24.0\n-22.0\nFeb\n1,524.2\n1,070.2\n454.0\n2.5\n23.6\n-21.2\nMar\n1,543.8\n1,077.9\n465.9\n2.1\n24.2\n-22.1\nApr\n1,528.6\n1,101.6\n427.0\n0.6\n19.2\n-18.6\nMay\n1,779.2\n1,128.7\n650.4\n0.6\n19.2\n-18.5\nJun\n1,962.4\n1,148.6\n813.8\n0.7\n18.9\n-18.2\nJul\n1,900.7\n1,136.6\n764.1\n2.0\n18.9\n-16.9\nAug\n1,925.3\n1,134.2\n791.0\n2.0\n18.9\n-16.9\nSep\n1,949.4\n1,167.9\n781.6\n2.5\n18.6\n-16.1\nOct\n1,964.9\n1,151.1\n813.8\n2.4\n18.6\n-16.2\nNov\n1,924.9\n1,192.6\n732.2\n2.4\n17.6\n-15.3\nDec\n2,087.6\n1,216.3\n871.3\n1.9\n17.6\n-15.6\n2016\nJan\n2,133.5\n1,222.1\n911.4\n2.2\n17.6\n-15.4\nFeb\n2,190.7\n1,223.1\n967.6\n2.3\n17.5\n-15.2\nMar\n2,295.4\n1,268.1\n1,027.2\n2.3\n17.5\n-15.2\nSource:Reserve Bank of Zimbabwe, 2016\n1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%. \nUS$ Millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \nMONTHLY ECONOMIC REVIEW \n29 \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2015\nJan\n3659.00\n11.81\n154.43\n311.94\n352.18\n113.46\nFeb\n3221.13\n13.69\n141.79\n275.8\n334.62\n104.62\nMar\n3801.96\n11.11\n131.97\n298.30\n364.69\n111.70\nApr\n3919.47\n10.81\n133.99\n299.67\n341.22\n112.38\nMay\n3467.10\n13.08\n128.76\n316.66\n389.97\n124.5\nJun\n3014.73\n15.35\n123.53\n333.65\n438.72\n136.62\nJul\n4010.26\n12.64\n154.61\n332.37\n391.04\n128.61\nAug\n3299.06\n11.39\n193.36\n313.18\n391.19\n133.55\nSep\n3762.74\n12.93\n131.89\n318.75\n396.28\n396.28\nOct\n3964.53\n11.84\n149.41\n334.93\n434.71\n151.02\nNov\n3551.4\n12.02\n130.20\n347.68\n416.95\n154.38\nDec\n4167.88\n10.95\n146.60\n411.34\n477.51\n213.28\n2016\nJan\n3385.87\n11.10\n137.39\n331.52\n388.89\n167.68\nFeb\n3448.15\n11.86\n138.75\n312.12\n389.26\n167.93\nMar\n3460.22\n11.26\n142.08\n288.82\n417.13\n255.93\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ millions)\n \n \nMONTHLY ECONOMIC REVIEW \n30 \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2015\nJan\n170.77\n29.55\n1174.09\n1124.49\n16903.26\n37.60\nFeb\n172.25\n32.23\n1140.94\n1027.88\n16160.42\n39.94\nMar\n191.64\n30.33\n1183.64\n1110.17\n18211.89\n44.48\nApr\n180.34\n26.98\n1151.25\n1107.52\n17269.69\n43.55\nMay\n179.76\n27.38\n1052.50\n1123.77\n18684.62\n43.22\nJun\n196.41\n31.85\n1121.24\n1038.18\n17478.24\n47.17\nJul\n199.10\n34.00\n1288.23\n1167.43\n18670.44\n49.36\nAug\n153.13\n28.05\n1373.48\n1122.22\n19750.59\n46.52\nSep\n164.31\n31.15\n1196.87\n1103.91\n19133.21\n50.40\nOct\n156.43\n30.78\n1295.03\n1152.83\n22166.45\n54.05\nNov\n143.44\n32.19\n1206.16\n1151.34\n21390.18\n51.34\nDec\n155.04\n27.25\n1359.88\n1183.57\n22904.33\n52.59\n2016\nJan\n132.26\n24.62\n1328.93\n1104.45\n19956.07\n49.89\nFeb\n148.42\n30.26\n1289.46\n1067.13\n19793.73\n54.57\nMar\n152.47\n29.65\n1455.70\n962.91\n21731.49\n61.86\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nVolumes of Transactions (in thousands)\n \n \nMONTHLY ECONOMIC REVIEW \n31", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/March2016.pdf"}

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+{"doc_id": "09206774319336631bc476f524119e4f", "text": "MONTHLY ECONOMIC REVIEW \nJUNE 2013 \nSelected Economic Indicators \n2 \nGlobal Economic Developments \n3 \nMonetary Developments \n5 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \nStock Market Developments \n3 \nINSIDE THIS ISSUE: \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2013 \nMay \n2013 \nJune \nZ.S.E. Mining Index1 \n73.99 \n73.29 \nZ.S.E. Industrial Index1 \n212.72 \n211.19 \nMoney Supply (Total Bank Deposits) (US$)2 \n4.02 billion \n3.84 billion \nMoney Supply (M3) Annual Growth2 \n12.23% \n6.91% \nYearly Inflation3 \n2.20% \n1.86% \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 ZIMSTAT \n \n \n \nMonth on \nMonth \nChange \n-0.95% \n-0.72% \n-4.48% \n-5.32% \n-0.34% \n \nGLOBAL ECONOMIC DEVELOPMENTS \n \nGlobal economic activity is projected to slowly \ngain momentum in the second half of 2013, \nthough growth will continue to be below \npotential. Several key risks and uncertainties \nremain and, if not mitigated, could dampen \nglobal economic growth prospects. These \ninclude short-term risks stemming from the \neuro area crisis, fiscal adjustment in the United \nStates and deceleration of economic activity in \nemerging economies. \n \nAlthough several new policy initiatives in \nmajor developed economies have reduced \nsystemic risks and helped stabilize consumer, \nbusiness and investor confidence, the impact on \ngrowth has remained negligible. As such, \nenhanced international policy coordination is \nneeded to mitigate negative policy spillovers \nand foster robust and balanced growth. \n \nIn the euro area, the risk of a near-term \nbreak-up has declined considerably, but the \neconomic situation remains fragile. Economic \nactivity in the euro area will be held back by \nausterity measures, weak bank lending and \ncontinued \nuncertainty. \nIn \nconsequence, \neconomic growth in the Euro-area is projected \nto contract by 0.4% in 2013. \n \nThis, notwithstanding, the outlook on Africa is \noptimistic, with least developed countries \n(LDCs) projected to realize faster growth in \n2013 than in the past two years. Nonetheless, \nwith commodity demand moderating and \nOfficial Development Assistance (ODA) \nfalling, the pace of expansion in LDCs will \nstill be slower compared to the pre-crisis \nperiod. \n \nThe \nmoderation \nof \ncommodity \nprices \ncontinues \nto \nnegatively \nimpact \non \ncommodity dependent countries such as \nZimbabwe. In consequence the balance of \npayments position remains precarious on \naccount of sluggish export recovery. This \nnegative development continues to deplete \nforeign exchange reserves, with a dampening \neffect on the country’s deposit base. \n \n \nSTOCK MARKET DEVELOPMENTS \n \nNotwithstanding the uncertainty over the \nperiod leading to the elections, the market \nsaw an increase in the demand for stocks \nwhose earnings are not significantly affected \nby fluctuations in business cycles, such as \nDelta, OK Zimbabwe and Innscor, during \nthe month of June 2013. This has resulted in \nthese counters’ valuations increasing to \nbeyond the trading reach of smaller \ninvestors. \n \nReflecting this development, there was a \n57% increase in volume traded, from 142.8 \nmillion shares in May 2013 to 224.1 million \nshares at the close of June 2013. The value \n \n2 3 \n \n2 4 \nof shares traded also registered a growth of \n15.6%, from US$35.2 million in May \ncompared to US$46.6 million in June 2013. \nTrading was largely sustained by foreign \ninvestors, whose purchases recorded a 33.5% \nincrease, to US$23.1 million in June 2013, \ncompared to US$17.3 million in May. This \nincrease in activity was a result of portfolio \nreadjustments, as fund managers factored in \nto-date basis, the industrial index has, \nhowever, gained an impressive 39.6%, \nlargely sustained by the demand for \nblue-chip counters. The mining index, \ndogged by challenges in the mining sector, \nwhich include high operating costs and \ntheir forecasts on the post-election economic \nenvironment. \n \nNotwithstanding the heightened trading \nactivity, the industrial index fell marginally \nby 0.6% to 211.19 points in June 2013, \ncompared to the previous month. On a year-\nmoderation of international metal prices, \ndeclined by 0.9% between May and June \n2013 to close the month under review at \n73.29 points. \n \nIn tandem with the developments in the \nindustrial index, total market capitalization \nregistered a 0.6% decline to US$5.4 billion. \nOn \na \nyear-to-date \nbasis, \nmarket \ncapitalization, however, rose by 38.1%. \n \n \n3 5 \nMONETARY DEVELOPMENTS \n \nMonetary \ndevelopments \nmirrored \nthe \nslowdown in economic activity. The overall \nstock of money supply registered a 4.5% \ndecline between May and June 2013. Broad \nmoney was recorded at US$3 838.2 million \nin June 2013, from US$4 018.1 million in \nthe previous month. Annual growth in broad \nmoney also decelerated to 6.91%, from \n12.23% in the previous month. \nwhilst deposits with a maturity less than 30 \ndays declined by US$21.83 million. Savings \ndeposits, however, registered expansion of \nUS$8.46 million. \n \nFollowing these developments in deposits, \nannual growth in domestic credit declined to \n22%, compared to 23.1% in the previous \nmonth. On a month-on-month basis, however, \ngrowth in domestic credit remained somewhat \nstable at 1.7% in June 2013, compared to \n1.6% in May 2013. \n \nCredit to the private sector continued to be \ndriven by loans and advances, which were \npartly sustained by offshore lines of credit, as \nlocal sources of liquidity continued to \nunderperform. Lending to the private sector \nby banks increased to US$3 666.23 million in \nJune 2013, from US$3 063.68 million in May \n2013. \nThe \ndecline \nin \nbroad \nmoney \nwas \nunderpinned by outflows in most deposit \nclasses, with deposits of a maturity greater \nthan 30 days recording the highest monthly \ndecline of US$179.93 million during the \nperiod under review. Further worsening the \nliquidity situation in the country, demand \ndeposits also fell by US$56.01 million, \n3.1 \n3.2 \n3.3 \n3.4 \n3.5 \n3.6 \n3.7 \n3.8 \n3.9 \n4.0 \n4.1 \n0\n5\n10\n15\n20\n25\n30\n35\nApr\nMay\nJun\nJul\nAug\nSep\nOct\nNov\nDec\nJan\nFeb\nMar\nApr\nMay\nJun\nUS$ Billions\n%\nMoney Supply\nM3\nM3 Annual Growth\n4 \n \n6 \nPartly reflecting the growth of loans and \nadvances in excess of the pace of deposit \naccumulation, the loan to deposit ratio rose to \n95.5% in June 2013, compared to 89.47% in \nMay 2013. \n \nAdvances to the private sector were mainly in \nthe form of loans and advances, 84.36%; \nmortgages advanced by building societies, \n8.57%; bankers’ acceptances, 1.52%; bills \ndiscounted, 3.61%; and other investments, \n1.94%. \n \nCredit to the private sector was mainly to \nagriculture (18.30%), distribution (16.07%) \nand \nmanufacturing \n(17.29%) \nactivities. \nIndividuals received 18.42% of total loans \nand advances. \nMining and construction industries received \n6.71% and 1.78% share of the cumulative \nloans and advance, respectively. \n \nThe loans and advances were mainly utilised \nto \nmeet \nshort \nterm \nworking \ncapital \nrequirements, restocking and raw material \nprocurement, as well as to finance consumer \ndurables. \n \n \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nAnnual headline inflation declined for the \nfourth consecutive month, easing from \n2.20% in May 2013 to 1.86% in June 2013. \nThe decline was largely attributed to declines \nin both food and non food inflation. \nThe easing-off of food inflation pressures \nwas largely attributed to improved local food \nsupply, arising from the ongoing harvesting \nseason. \nThe continued weakening of the rand against \nthe US dollar further dissipated inflationary \npressures, as the landed price of food imports \nfrom South Africa continues to fall. \nAnnual food and non-alcoholic beverages \ninflation declined, from 3.54% in May 2013 \nto 2.9% in June 2013. Similarly, nonfood \ninflation declined from 1.54% in May 2013 \nto 1.35% in June 2013. \n7 \nInflation Outlook \nIn the outlook period, inflation is expected to \nremain stable, largely dependent on the \nmovement \nof \ninternational \noil \nprices, \nUS$/rand exchange rate developments, as \nwell as the level of aggregate demand in the \ndomestic economy. \n \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \n \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through \nthe RTGS system in June 2013 decreased by \n9.48% to US$3.54 billion, from US$3.92 \nbillion in May 2013. On the other hand, the \nvolume of transactions registered a decline of \n14%, from 215 199 to 185 802 during the \nsame period. \n \nCard Systems \n \n \nThe total value of card based transactions \nfell by 10.28%, from US$332.60 million in \nMay to US$298.40 million in June 2013. \nMobile and Internet Based Transactions \n \nThe value of mobile and internet based \ntransactions also declined by 26.73%, from \nMonth-on-Month Inflation \n \nMonth-on-month \ninflation \ngained \n0.08 \npercentage points to -0.13% in June, from \n-0.21% in May 2013. \nMonthly food prices declined by 0.33% in \nJune 2013, compared to a decline of 0.28% \nin May 2013. This was underpinned by \ndeclines in prices of vegetables, 0.08%; milk, \ncheese and eggs, 0.02%; and fruits, 0.01%. \nMonthly nonfood prices also fell by 0.03% in \nJune, compared to a decline of 0.17% in May \n2013. \n8 \nUS$364 million in May to US$266.70 \nmillion in June 2013. \nCheques \n \nIn \nvalue \nterms, \ncheque \ntransactions \ndecreased by 26.73%, from US$15.40 \nmillion in May 2013 to US$5.90 million in \nJune 2013. \n \n \n \n \n \n \n \nReserve Bank of Zimbabwe \nJuly 2013 \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n35 \n \n10 \n11 \nTABLE 1.1 : MONETARY AGGREGATES \n US$ Thousands \n \n2012 \n2013 \n \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \nApril \nMay \nJune \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nRBZ Demand Deposits \n79.7 \n80.1 \n80.9 \n82.1 \n80.7 \n79.6 \n80.8 \n78.6 \n78.3 \n77.3 \n 78.6 \n74.5 \n73.0 \nComm. Banks Dem. Deposits \n1,815,912.3 \n1,875,149.3 \n1,826,752.4 \n1,869,138.7 \n1,894,495.7 \n1,804,260.4 \n1,981,218.7 \n1,924,517.4 \n1,875,465.4 \n1,860,664.0 \n1,979,220.0 \n 1,932,968.10 \n 1,874,568.00 \nMerchant Banks Dem. Deposits \n136,052.5 \n110,779.0 \n106,955.1 \n102,471.0 \n112,805.6 \n105,260.2 \n108,094.7 \n106,935.2 \n102,797.7 \n104,281.4 \n107,324.1 \n \n112,173.40 \n 114,560.50 \nM1 \n1,952,044.5 \n1,986,008.4 \n1,933,788.4 \n1,971,691.8 \n2,017,382.0 \n1,909,600.2 \n2,089,394.2 \n2,031,531.2 \n1,978,341.4 \n1,965,022.7 \n2,086,622.6 \n2,045,215.9 \n 1,989,201.50 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks Savings Deposits \n160,170.3 \n162,953.0 \n171,279.3 \n189,287.9 \n182,029.0 \n288,914.0 \n253,471.9 \n193,007.6 \n192,683.5 \n201,459.2 \n194,873.4 \n \n221,622.3 \n 229,386.70 \nBuilding Soc. Savings Deposits \n171,972.6 \n168,562.6 \n171,825.0 \n176,983.1 \n164,699.0 \n163,276.1 \n180,152.6 \n159,093.7 \n168,605.4 \n168,484.1 \n170,975.7 \n \n192,634.8 \n 189,753.80 \nP O S B Savings Deposits \n50,001.8 \n51,631.2 \n51,322.2 \n51,747.0 \n50,457.0 \n55,822.7 \n54,893.7 \n55,832.5 \n56,274.2 \n57,860.7 \n55,236.9 \n \n56,544.5 \n 60,117.80 \nComm. Banks U-30 Day Deposits \n706,497.8 \n668,743.8 \n716,241.3 \n648,981.9 \n781,995.1 \n593,873.6 \n613,008.0 \n632,215.7 \n708,500.6 \n734,849.5 \n786,076.0 \n \n637,041.1 \n 629,544.60 \nMerchant Banks U-30 Day Deposits \n91,241.5 \n36,431.8 \n39,907.3 \n60,358.5 \n35,887.6 \n69,265.1 \n67,930.5 \n91,671.2 \n65,975.9 \n62,324.3 \n64,604.1 \n \n67,104.2 \n 56,223.10 \nBuilding Soc. U- 30 Day Deposits \n70,088.7 \n53,684.5 \n59,216.0 \n70,300.4 \n98,536.7 \n73,514.3 \n65,572.4 \n60,885.9 \n77,091.9 \n82,098.1 \n81,944.39 \n \n122,672.1 \n 119,217.40 \nM2 \n3,202,017.2 \n3,128,015.2 \n3,143,579.4 \n3,169,350.6 \n3,320,987.1 \n3,154,266.0 \n3,324,423.3 \n3,224,237.8 \n3,247,472.9 \n3,272,098.6 \n3,440,333.1 \n3,342,834.9 \n 3,273,444.80 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks O-30 Day Deposits \n228,931.5 \n327,819.8 \n192,982.4 \n311,167.7 \n235,566.9 \n424,351.9 \n314,380.7 \n351,356.6 \n297,613.9 \n249,558.5 \n223,799.1 \n \n387,930.6 \n 268,082.10 \nMerchant Banks O-30 Day Deposits \n31,257.6 \n65,758.0 \n64,463.7 \n56,445.3 \n60,561...8 \n46,439.3 \n44,191.4 \n21,339.0 \n55,714.0 \n52,841.7 \n56,349.4 \n \n54,361.5 \n 52,329.50 \nBuilding Soc. O- 30 Day Deposits \n109,663.7 \n156,055.2 \n170,113.2 \n172,761.3 \n165,382.5 \n179,493.1 \n184,561.2 \n192,823.3 \n194,226.7 \n203,912.9 \n226,550.8 \n \n212,044.5 \n 222,591.80 \nBuilding Soc. Class C Deposits \n0.0 \n0.0 \n0.0 \n \n \n \n \n \n \n0.0 \n0.0 \n0.0 \n \nBuilding Soc. Other Share Deposits \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n11,266.6 \n11,266.6 \n \n11,266.5 \n 11,266.60 \nP O S B Time Deposits \n8,259.1 \n9,770.5 \n8,018.0 \n8,316.8 \n11,324.0 \n9,964.9 \n8,973.9 \n8,497.2 \n8,447.9 \n8,845.8 \n8,443.5 \n \n9,703.5 \n 10,492.40 \nM3 \n3,590,270.7 \n3,697,560.4 \n3,589,298.3 \n3,728,183.4 \n3,813,963.8 \n3,824,656.8 \n3,886,672.1 \n3,808,395.5 \n3,813,616.9 \n3,798,524.1 \n3,966,742.5 \n \n4,018,141.5 \n 3,838,207.30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n12 \nTABLE 1.2 : BROAD MONEY SURVEY \n US$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \nAPRIL \nMAY \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-375,252.50 \n-366,349.80 \n-459,138.70 \n-447,672.70 \n-417,840.40 \n-340,899.70 \n-435,528.80 \n-485,643.40 \n-478,669.10 \n-627,094.50 \n-477,210.6 \n-488,616.3 \n \n Assets \n1,008,028.90 \n1,010,995.60 \n918,272.00 \n952,305.80 \n964,367.00 \n1,063,411.00 \n1,089,808.50 \n994,812.70 \n988,575.61 \n867,399.60 \n983,189.5 \n1,065,690.2 \n \n Reserve Bank (RBZ) \n439,248.40 \n443,530.60 \n392,913.30 \n431,019.90 \n402,814.90 \n385,911.70 \n447,988.80 \n454,346.10 \n421,879.25 \n367,092.80 \n412,155.0 \n471,664.8 \n \n Deposit Money Banks (DMBs) \n547,519.30 \n543,103.30 \n497,720.10 \n490,916.00 \n527,291.20 \n635,377.30 \n599,274.60 \n507,151.40 \n529,296.47 \n469,834.90 \n537,446.4 \n547,557.0 \n \n Other Banking Institutions \n(OBIs) \\1 \n21,261.20 \n24,361.70 \n27,638.60 \n30,369.90 \n34,260.90 \n42,122.10 \n42,545.10 \n33,315.20 \n37,399.89 \n30,471.90 \n33,588.1 \n46,468.4 \n \n Liabilities \\2 \n-1,383,281.50 \n-1,377,345.40 \n-1,377,410.80 \n-1,399,978.50 \n-1,382,207.30 \n-1,404,310.70 \n-1,525,337.30 \n-1,480,456.00 \n-1,467,244.71 \n-1,494,494.10 \n-1,460,400.2 \n-1,554,306.5 \n \n RBZ \n1,145,150.60 \n1,142,322.10 \n1,144,176.70 \n1,149,650.90 \n1,147,233.00 \n1,147,319.70 \n1,149,161.20 \n1,149,023.60 \n1,141,623.47 \n1,135,073.40 \n1,140,521.7 \n1,134,105.5 \n \n DMBs \n216,314.50 \n217,204.30 \n216,220.20 \n233,273.50 \n211,042.10 \n233,317.40 \n352,118.40 \n311,214.10 \n303,476.08 \n337,091.10 \n293,394.4 \n393,575.8 \n \n OBIs \n21,816.30 \n17,818.90 \n17,013.80 \n17,054.10 \n23,932.20 \n23,673.70 \n24,057.80 \n20,218.40 \n22,145.17 \n22,329.60 \n26,484.0 \n26,625.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \n3,965,523.20 \n4,063,910.10 \n4,048,437.10 \n4,175,856.10 \n4,231,804.20 \n4,165,556.50 \n4,322,201.00 \n4,294,038.70 \n4,292,286.03 \n4,425,618.60 \n4,443,953.2 \n4,506,758.0 \n \nDOMESTIC CREDIT \n3,227,332.40 \n3,362,641.70 \n3,396,416.20 \n3,469,968.40 \n3,502,649.80 \n3,620,952.20 \n3,788,468.50 \n3,777,967.90 \n3,781,756.54 \n3,845,110.10 \n3,808,385.3 \n3,871,013.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n82,193.20 \n79,337.50 \n73,155.70 \n73,214.80 \n80,219.70 \n80,710.40 \n176,058.40 \n166,842.30 \n153,163.97 \n170,638.10 \n180,007.9 \n212,221.9 \n \n RBZ \n-2,106.20 \n-1,522.60 \n-1,502.40 \n-1,514.60 \n-11,344.70 \n-11,034.80 \n-11,097.80 \n-1,225.80 \n-1,192.38 \n-1,179.60 \n-1,180.8 \n-1,179.7 \n \n DMBs \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,122.73 \n151,543.00 \n160,538.4 \n192,880.2 \n \n OBIs \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.63 \n20,274.70 \n20,650.2 \n20,521.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Public Enterprises \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n54,091.40 \n58,973.6 \n63,604.9 \n \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n \n DMBs \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n54,091.40 \n58,973.6 \n63,604.9 \n \n Agri-PEs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n \n \n Other \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n3,620,380.60 \n58,973.6 \n63,604.9 \n \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Private Sector \n3,095,827.90 \n3,233,688.50 \n3,273,970.70 \n3,350,693.00 \n3,372,788.70 \n3,488,777.20 \n3,560,693.20 \n3,558,864.50 \n3,574,884.08 \n3,620,380.60 \n3,569,403.8 \n3,595,186.2 \n \n RBZ \n43,759.20 \n38,792.30 \n41,323.60 \n42,548.20 \n42,122.00 \n41,521.50 \n40,636.30 \n41,014.10 \n41,015.10 \n41,041.10 \n41,014.1 \n40,128.8 \n \n DMBs \n2,663,738.30 \n2,797,404.90 \n2,823,945.60 \n2,897,885.30 \n2,890,646.50 \n2,996,259.40 \n3,065,153.80 \n3,057,321.20 \n3,065,133.69 \n3,111,948.80 \n3,058,690.9 \n3,063,681.6 \n \n OBIs \n388,330.30 \n397,491.40 \n408,701.50 \n410,259.50 \n440,020.20 \n450,996.30 \n454,903.20 \n460,529.20 \n468,735.29 \n467,417.70 \n469,698.7 \n491,375.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n738,190.80 \n701,268.40 \n652,020.90 \n705,887.60 \n729,154.40 \n544,604.30 \n533,732.40 \n516,070.80 \n510,529.50 \n580,508.50 \n635,567.9 \n635,745.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n3,590,270.70 \n3,697,560.40 \n3,589,298.30 \n3,728,183.40 \n3,813,963.80 \n3,824,656.80 \n3,886,672.10 \n3,808,395.40 \n3,813,616.93 \n3,798,524.10 \n3,966,742.5 \n4,018,141.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n \n-770,401.9 \n994,502.1 \n461,797.0 \n488,238.1 \n44,467.0 \n-1,764,904.0 \n1,138,062.0 \n600,126.4 \n26,715.6 \n \n4,608,609.2 \n3,936,046.1 \n \n206,189.6 \n-1,828.4 \n187,784.4 \n20,233.6 \n \n63,628.7 \n0.0 \n63,628.7 \n0.0 \n63,628.7 \n0.0 \n \n3,666,227.8 \n40,128.8 \n3,125,352.0 \n500,747.0 \n \n672,563.1 \n \n3,838,207.3 \n \n \n13 \nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3) \n US$ Thousands \n1. Finance houses, building societies and P. O. S. B. \n2. Sign reversal. \n3. Net Domestic Assets consist of domestic credit and other items net. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \nAPRIL \nMAY \nJUNE \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-3,155.70 \n8,902.80 \n-92,789.00 \n11,466.10 \n29,832.30 \n76,940.70 \n-94,629.10 \n-50,114.50 \n6,974.25 \n-148,425.4 \n149,883.9 \n-11,405.7 \n-281,785.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Assets \n-6,917.10 \n2,966.70 \n-92,723.60 \n34,033.80 \n12,061.10 \n99,044.00 \n26,397.50 \n-94,995.80 \n-6,237.07 \n-121,176.0 \n115,789.9 \n82,500.7 \n-71,188.1 \n Reserve Bank (RBZ) \n-17,146.10 \n4,282.20 \n-50,617.30 \n38,106.70 \n-28,205.00 \n-16,903.20 \n62,077.10 \n6,357.30 \n-32,466.80 \n-54,786.5 \n45,062.2 \n59,509.8 \n-9,867.8 \n Deposit Money Banks (DMBs) \n15,963.80 \n-4,416.00 \n-45,383.20 \n-6,804.10 \n36,375.10 \n108,086.10 \n-36,102.60 \n-92,123.20 \n22,145.09 \n-59,461.6 \n67,611.5 \n10,110.6 \n-59,318.9 \n Other Banking Institutions (OBIs) \\1 \n-5,734.70 \n3,100.50 \n3,276.90 \n2,731.30 \n3,891.00 \n7,861.20 \n423 \n-9,229.80 \n4,084.65 \n-6,928.0 \n3,116.2 \n12,880.3 \n-2,001.4 \n Liabilities \\2 \n3,761.40 \n5,936.10 \n-65.4 \n-22,567.70 \n17,771.10 \n-22,103.40 \n-121,026.60 \n44,881.30 \n13,211.32 \n-27,249.4 \n34,093.9 \n-93,906.3 \n-210,597.5 \n RBZ \n739.3 \n-2,828.50 \n1,854.60 \n5,474.20 \n-2,417.90 \n86.7 \n1,841.50 \n-137.6 \n-7,400.09 \n-6,550.1 \n5,448.4 \n-6,416.2 \n3,956.5 \n DMBs \n-4,632.70 \n889.8 \n-984.1 \n17,053.30 \n-22,231.40 \n22,275.20 \n118,801.00 \n-40,904.20 \n-7,738.03 \n33,615.1 \n-43,696.7 \n100,181.4 \n206,550.6 \n OBIs \n131.9 \n-3,997.50 \n-805.1 \n40.3 \n6,878.20 \n-258.6 \n384.1 \n-3,839.40 \n1,926.80 \n184.4 \n4,154.5 \n141.2 \n90.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \\3 \n13,240.90 \n98,386.90 \n-15,473.10 \n127,419.00 \n55,948.10 \n-66,247.70 \n156,644.50 \n-28,162.20 \n-1,752.72 \n133,332.6 \n18,334.6 \n62,804.8 \n101,851.2 \nDOMESTIC CREDIT \n87,375.20 \n135,309.30 \n33,774.50 \n73,552.20 \n32,681.40 \n118,302.40 \n167,516.40 \n-10,500.60 \n3,788.59 \n63,353.6 \n-36,724.9 \n62,627.7 \n65,033.1 \n Claims on Government (net) \n3,657.00 \n-2,855.70 \n-6,181.90 \n59.1 \n7,004.90 \n490.8 \n95,348.00 \n-9,216.10 \n-13,678.34 \n17,474.1 \n9,369.8 \n32,214.0 \n-6,032.3 \n RBZ \n-373.2 \n583.5 \n20.3 \n-12.2 \n-9,830.10 \n309.9 \n-63 \n9,872.00 \n33.43 \n12.8 \n-1.2 \n1.1 \n-648.7 \n DMBs \n4,050.40 \n-3,235.60 \n-6,202.10 \n71.3 \n15,601.40 \n180.9 \n95,410.90 \n-18,088.00 \n-13,711.77 \n-2,579.8 \n8,995.5 \n32,341.8 \n-5,095.8 \n OBIs \n-20.2 \n-203.6 \n0 \n0 \n1,233.60 \n0 \n0 \n-1,000.00 \n0.0 \n20,041.1 \n375.5 \n-128.8 \n-287.8 \n Claims on Public Enterpris \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n1,823.10 \n252.4 \n544.3 \n1,447.33 \n382.9 \n4,882.2 \n4,631.3 \n23.8 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n DMBs \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n18231 \n252.4 \n544.3 \n1,447.33 \n382.9 \n4,882.2 \n4,631.3 \n23.8 \n Agri-PEs \n0 \n0 \n-4,771.80 \n-4,772.80 \n-4,773.80 \n-4,774.80 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n-5,259.3 \n Other \n17,518.80 \n304.3 \n4,446.00 \n1,543.70 \n8,354.50 \n6,597.90 \n252.4 \n544.3 \n1,447.33 \n382.9 \n4,882.2 \n4,631.3 \n5,283.1 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n Claims on Private Sector \n66,199.40 \n137,860.60 \n40,282.20 \n76,722.30 \n22,095.70 \n115,988.50 \n71,916.00 \n-1,828.70 \n16,019.59 \n45,496.5 \n-50,976.8 \n25,782.4 \n71,041.6 \n RBZ \n-3,417.50 \n-4,967.00 \n2,531.30 \n1,224.60 \n-426.2 \n-600.5 \n-885.3 \n377.8 \n1.0 \n-1.0 \n0.0 \n-885.3 \n0.0 \n DMBs \n41,573.10 \n133,666.60 \n26,540.70 \n73,939.70 \n-7,238.70 \n105,612.90 \n68,894.30 \n-7,832.60 \n7,812.52 \n46,815.1 \n-53,257.8 \n4,990.7 \n61,670.4 \n OBIs \n28,043.80 \n9,161.00 \n11,210.10 \n1,558.00 \n29,760.70 \n10,976.10 \n3,906.90 \n5,626.00 \n8,206.07 \n-1,317.5 \n2,281.0 \n21,677.1 \n9,371.2 \nOTHER ITEMS (NET) \n-74,134.30 \n-36,922.40 \n-49,247.60 \n53,866.80 \n23,266.70 \n-184,550.10 \n-10,871.90 \n-17,661.60 \n-5,541.30 \n69,979.0 \n55,059.4 \n177.1 \n36,818.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n10,085.30 \n107,289.70 \n-108,262.00 \n138,885.10 \n85,780.40 \n10,692.90 \n62,015.40 \n-78,276.70 \n5,221.54 \n-15,092.8 \n168,218.4 \n51,399.0 \n-179,934.2 \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n0.30% \n3.00% \n-2.90% \n3.90% \n2.30% \n0.30% \n1.60% \n-2.00% \n0.14% \n-0.4% \n4.4% \n1.3% \n-4.5% \n Domestic Credit \n2.80% \n4.20% \n1.00% \n2.20% \n0.90% \n3.40% \n4.60% \n-0.30% \n0.10% \n1.7% \n-1.0% \n1.6% \n1.7% \n Claims on Private Sector \n2.20% \n4.50% \n1.20% \n2.30% \n0.70% \n3.40% \n2.10% \n-0.10% \n0.45% \n1.3% \n-1.4% \n0.7% \n2.0% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \nAPRIL \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-103,677.30 \n-202,674.90 \n-89,936.30 \n-190,761.00 \n-131,411.50 \n-100,210.80 \n-19,830.80 \n-139,041.90 \n-211,017.80 \n-408,762.52 \n-268,481.4 \n-146,235.3 \n Assets \n4,008.90 \n-129,754.20 \n-42,038.00 \n-142,367.40 \n-71,725.60 \n-81,928.20 \n36,818.40 \n33,821.10 \n-99,644.30 \n-321,764.74 \n-149,564.2 \n-66,182.3 \n Reserve Bank (RBZ) \n20,800.00 \n-95,804.20 \n-5,809.40 \n-77,953.30 \n-5,234.10 \n-34,371.40 \n-34,330.10 \n33,849.90 \n23,562.10 \n-129,087.95 \n-120,111.9 \n-97,956.8 \n Deposit Money Banks (DMBs) \n-41,001.10 \n-41,235.80 \n10,917.80 \n-76,767.00 \n-84,133.70 \n-68,113.20 \n53,083.10 \n-22,552.60 \n-134,496.90 \n-207,670.13 \n-38,404.5 \n23,160.4 \n Other Banking Institutions (OBIs) \n\\1 \n24,210.00 \n7,285.80 \n10,917.80 \n12,352.80 \n17,642.10 \n20,556.40 \n18,065.40 \n22,523.80 \n11,290.50 \n14,993.34 \n8,952.2 \n8,614.1 \n Liabilities \\2 \n-107,686.20 \n-72,920.70 \n-47,898.30 \n-48,393.50 \n-59,685.90 \n-18,282.60 \n-56,649.10 \n-172,863.00 \n-111,373.40 \n-86,997.79 \n-118,917.3 \n-80,053.1 \n RBZ \n-22,208.00 \n-23,594.10 \n-28,246.40 \n-27,498.90 \n-21,730.40 \n-33,783.90 \n-20,811.30 \n-2,908.60 \n-9,155.50 \n-20,012.20 \n-23,389.5 \n-17,346.3 \n DMBs \n108,209.80 \n74,698.50 \n78,373.30 \n79,089.80 \n89,568.80 \n53,504.60 \n79,315.30 \n177,406.00 \n121,978.00 \n105,662.89 \n140,952.3 \n92,713.4 \n OBIs \n21,684.40 \n21,816.30 \n-2,228.60 \n-3,197.30 \n-8,152.60 \n-1,438.00 \n-1,854.90 \n-1,634.40 \n-1,449.10 \n1,347.09 \n1,354.5 \n4,686.0 \nNET DOMESTIC ASSETS \\3 \n950,213.50 \n893,222.20 \n880,494.10 \n827,621.50 \n830,303.80 \n860,964.80 \n755,911.50 \n925,312.70 \n874,388.80 \n844,811.73 \n628,387.0 \n659,222.6 \nDOMESTIC CREDIT \n892,017.10 \n842,025.30 \n864,860.40 \n822,357.30 \n802,510.00 \n795,755.70 \n873,159.50 \n990,341.70 \n986,989.40 \n963,317.91 \n842,942.1 \n786,202.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n80,446.20 \n84,027.80 \n81,808.40 \n75,191.50 \n74,845.90 \n82,122.60 \n82,338.10 \n177,893.20 \n168,720.90 \n154,919.99 \n81,055.3 \n91,424.1 \n DMBs \n80,045.40 \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,123.73 \n60,198.4 \n70,439.5 \n OBIs \n223.8 \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.625 \n20,274.7 \n20,446.7 \n Claims on Public Enterprises \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n24,274.7 \n27,528.6 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n DMBs \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n24,122.0 \n27,528.6 \n Agri-PEs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n-1.0 \n0.0 \n Other \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,793.40 \n7,557.90 \n9,665.95 \n24,123.0 \n27,528.6 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n Claims on Private Sector \n809,247.00 \n748,477.10 \n777,751.70 \n739,886.00 \n730,843.70 \n713,583.30 \n781,394.30 \n805,656.00 \n810,710.60 \n798,732.97 \n737,764.8 \n667,250.2 \n RBZ \n10,864.80 \n3,313.70 \n665 \n1,765.10 \n-9,455.10 \n-9,387.20 \n-3,975.50 \n-3,903.10 \n-5,788.80 \n-7,388.11 \n-6,693.9 \n-3,088.9 \n DMBs \n654,211.80 \n584,559.50 \n616,003.90 \n597,497.20 \n617,287.40 \n574,157.10 \n654,515.10 \n687,696.60 \n691,818.10 \n687,296.33 \n627,797.4 \n545,532.3 \n OBIs \n144,170.40 \n160,603.90 \n161,082.90 \n140,623.70 \n123,011.40 \n148,813.50 \n130,854.70 \n121,862.50 \n124,681.30 \n118,824.75 \n116,661.3 \n124,806.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n58,196.40 \n51,196.90 \n15,633.70 \n5,264.20 \n27,793.80 \n65,209.10 \n-117,248.00 \n-65,029.00 \n-112,600.70 \n-118,506.18 \n-214,555.1 \n-126,980.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n846,536.20 \n690,547.40 \n790,557.90 \n636,860.50 \n698,892.30 \n760,753.90 \n736,080.70 \n786,270.80 \n663,371.00 \n436,049.20 \n359,905.6 \n512,987.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n31.00% \n23.80% \n27.20% \n21.60% \n23.10% \n24.90% \n23.80% \n25.40% \n21.10% \n12.91% \n10.5% \n14.9% \n Domestic Credit \n39.70% \n35.30% \n34.60% \n31.90% \n30.10% \n29.40% \n31.80% \n35.40% \n35.40% \n34.18% \n28.1% \n26.0% \n Claims on Private Sector \n36.40% \n31.90% \n31.70% \n29.20% \n27.90% \n26.80% \n28.90% \n29.20% \n29.50% \n28.77% \n25.6% \n23.0% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \n \n \n-116,519.4 \n50,744.2 \n15,270.3 \n16,001.4 \n19,472.4 \n-167,263.6 \n-10,305.8 \n172,628.6 \n4,940.8 \n554,475.7 \n731,055.8 \n \n133,685.7 \n112,834.8 \n20,297.6 \n31,812.4 \n0.0 \n31,812.4 \n0.0 \n31,812.4 \n0.0 \n565,557.7 \n-7,047.9 \n441,516.4 \n131,089.3 \n \n-176,580.1 \n \n437,956.1 \n \n \n12.2% \n23.3% \n18.7% \n \n \n \n \n \nJUNE \n \n \n-395,149.4 \n-13,526.8 \n22,548.6 \n-59,281.2 \n23,205.8 \n-381,622.6 \n-7,088.6 \n383,811.9 \n4,899.3 \n643,086.0 \n708,713.7 \n \n123,996.4 \n103,688.6 \n20,030.1 \n14,317.4 \n0.0 \n14,317.4 \n-1.0 \n14,318.4 \n0.0 \n570,399.9 \n-3,630.4 \n461,613.7 \n112,416.6 \n \n-65,627.7 \n \n247,936.6 \n \n \n6.9% \n22.0% \n18.4% \n \n \nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3) \n \n \n \n \n$ Thousands \n \n \n \n \n14 \n15 \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n363,990.9 \n39,589.6 \n27,332.8 \n322,510.1 \n8,749.9 \n74,636.2 \n336,196.7 \n77,655.7 \n198,437.3 \n52,515.7 \n171,956.3 \n1,013.2 \n1,674,584.5 \nFEBRUARY \n352,190.20 \n36,718.69 \n26,551.03 \n284,567.87 \n9,291.08 \n85,886.99 \n336,261.49 \n88,738.25 \n202,845.20 \n53,191.93 \n172,424.01 \n1,567.65 \n1,650,234.17 \nMARCH \n354,440.8 \n37,811.0 \n31,484.9 \n328,381.1 \n8,193.5 \n92,178.6 \n324,375.5 \n108,000.1 \n205,453.7 \n32,088.9 \n174,479.6 \n1,583.8 \n1,698,471.4 \nAPRIL \n341,893.5 \n30,462.0 \n33,633.8 \n358,038.0 \n5,558.5 \n78,498.4 \n334,699.5 \n110,765.7 \n220,956.5 \n26,181.8 \n179,845.8 \n1,355.3 \n1,721,888.8 \nMAY \n375,541.0 \n30,286.7 \n31,158.4 \n350,097.9 \n7,623.4 \n97,695.7 \n327,187.7 \n113,796.7 \n207,041.1 \n28,432.9 \n202,146.6 \n1,738.3 \n1,772,746.5 \nJUNE \n402,314.1 \n30,399.7 \n37,466.6 \n356,842.2 \n7,580.8 \n28,025.9 \n337,059.2 \n130,973.8 \n201,898.0 \n40,295.4 \n219,606.7 \n1,649.8 \n1,794,112.2 \nJULY \n416,536.2 \n26,795.9 \n36,424.2 \n369,410.8 \n8,174.0 \n26,119.1 \n348,484.2 \n136,934.2 \n203,314.6 \n36,869.5 \n249,542.8 \n3,382.6 \n1,861,988.0 \nAUGUST \n422,545.8 \n30,950.3 \n43,395.1 \n390,558.4 \n8,333.0 \n29,323.9 \n348,252.0 \n146,338.5 \n173,945.4 \n55,950.3 \n254,919.8 \n3,523.5 \n1,907,991.4 \nSEPTEMBER \n431,501.7 \n36,637.9 \n38,487.8 \n384,840.8 \n6,828.2 \n37,420.1 \n396,813.5 \n145,657.9 \n219,452.1 \n29,378.2 \n254,248.3 \n5,036.1 \n1,986,302.5 \nOCTOBER \n444,653.7 \n33,583.2 \n34,764.4 \n411,489.2 \n9,551.4 \n29,439.4 \n401,206.1 \n144,223.4 \n230,809.2 \n35,103.6 \n271,795.8 \n6,715.9 \n2,053,335.2 \nNOVEMBER \n444,527.3 \n33,548.0 \n37,207.3 \n428,008.3 \n10,704.6 \n32,236.2 \n417,838.2 \n142,715.0 \n228,088.4 \n36,568.0 \n267,282.0 \n8,055.2 \n2,087,778.7 \nDECEMBER \n444,341.0 \n32,622.8 \n37,353.2 \n428,782.2 \n8,513.2 \n31,513.9 \n414,044.9 \n148,927.9 \n233,864.4 \n33,116.1 \n288,628.5 \n9,370.9 \n2,111,078.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n455,178.9 \n43,628.2 \n23,433.4 \n428,381.7 \n14,997.8 \n35,589.1 \n444,798.7 \n135,046.2 \n288,857.6 \n45,643.6 \n377,037.0 \n7,693.7 \n2,300,585.8 \nMAY \n484,635.0 \n38,637.2 \n27,795.2 \n455,737.9 \n14,699.1 \n35,106.1 \n465,890.2 \n115,457.8 \n301,547.9 \n52,075.2 \n382,172.8 \n5,034.0 \n2,378,788.7 \nJUNE \n489,730.1 \n37,474.3 \n38,198.7 \n425,521.3 \n7,310.7 \n53,815.0 \n454,368.5 \n110,349.9 \n295,432.3 \n51,453.6 \n385,769.7 \n11,033.4 \n2,360,457.5 \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION DISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT INDIVIDUALS CONGLOM-\nERATES \nTOTAL \nEND OF \n \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n43,485.3 \n10,392.5 \n61,081.2 \n19,067.3 \n19,238.3 \n57,209.2 \n43,704.5 \n106,196.8 \n36,968.1 \n84,346.1 \n4,839.5 \n486,528.7 \nMAY \n78,656.9 \n13,181.3 \n27,476.1 \n12,928.2 \n22,947.0 \n62,231.5 \n79,196.3 \n74,699.3 \n47,191.6 \n115,625.4 \n8,319.3 \n542,453.4 \nJUNE \n99,949.6 \n12,989.0 \n55,552.6 \n15,544.8 \n22,884.4 \n64,832.4 \n58,599.9 \n91,171.3 \n33,744.2 \n125,204.9 \n7,515.8 \n587,988.8 \nJULY \n57,212.2 \n15,008.9 \n28,053.9 \n25,999.1 \n48,343.1 \n66,151.0 \n76,442.2 \n92,251.0 \n46,904.3 \n111,009.8 \n4,461.3 \n571,836.8 \nAUGUST \n49,200.5 \n14,198.6 \n38,216.6 \n26,733.6 \n27,.22.2 \n54,208.9 \n65,862.8 \n65,893.7 \n44,173.3 \n114,603.8 \n7,371.6 \n507,485.6 \nSEPTEMBER \n57,953.8 \n14,365.5 \n37,230.9 \n27,211.1 \n27,365.5 \n54,699.3 \n67,007.8 \n69,196.8 \n43,515.1 \n119,899.9 \n7,225.4 \n525,670.8 \nOCTOBER \n62,501.8 \n15,369.1 \n50,322.8 \n13,991.3 \n43,176.3 \n76,085.7 \n 84,137.4 \n74,481.1 \n36,442.3 \n 159,860.1 \n7,139.6 \n 623,507.5 \nNOVEMBER \n79,498.6 \n17,399.0 \n51,214.2 \n37,028.4 \n41,525.2 \n68,737.1 \n65,831.1 \n81,757.5 \n41,273.6 \n165,811.3 \n8,614.2 \n658,690.2 \nDECEMBER \n69,626.60 \n17,100.57 \n61,871.18 \n35,218.31 \n38,605.14 \n76,364.84 \n79,801.05 \n85,485.21 \n45,026.61 \n166,500.19 \n8,482.65 \n684,082.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n67,517.6 \n16,163.5 \n56,807.8 \n18,616.7 \n58,326.4 \n78,419.6 \n89,890.9 \n106,553.9 \n18,590.6 \n144,497.3 \n15,986.5 \n671,370.7 \nFEBRUARY \n58,292.9 \n21,826.4 \n56,104.4 \n18,101.2 \n62,883.5 \n78,714.5 \n89,292.0 \n117,785.5 \n17,680.2 \n128,827.9 \n9,967.9 \n668,578.1 \nMARCH \n69,856.5 \n16,673.4 \n60,104.1 \n16,684.4 \n58,510.5 \n72,517.4 \n97,158.1 \n88,814.4 \n14,831.7 \n173,486.3 \n17,657.4 \n686,294.1 \nAPRIL \n63,793.8 \n17,080.4 \n63,074.6 \n20,726.0 \n58,308.4 \n70,475.5 \n89,412.8 \n87,962.4 \n15,412.2 \n174,072.5 \n18,871.2 \n680,189.8 \nMAY \n67,425.0 \n17,232.4 \n66,358.3 \n21,534.7 \n59,449.7 \n72,998.8 \n89,738.5 \n84,961.5 \n15,028.8 \n189,089.0 \n18,888.7 \n702,705.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n68,762.1 \n16,928.9 \n64,967.8 \n11,199.2 \n57,389.1 \n72,983.6 \n94,193.4 \n98,762.3 \n13,866.1 \n176,186.3 \n18,800.0 \n694,038.7 \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,494.8 \n1,897.5 \n0.0 \n479,6 \n31,053.3 \n31,756.6 \n20,082.4 \n0.0 \n1,516.1 \n3,623.5 \n105,903.9 \n FEBRUARY \n 16,359.6 \n483.9 \n0.0 \n734.6 \n32,663.4 \n15,907.7 \n5,112.6 \n0.0 \n301.8 \n0.0 \n71,563.6 \nMARCH \n15,328.4 \n4,816.6 \n0.0 \n734.6 \n33,053.5 \n22,330.2 \n3,206.4 \n0.0 \n301.8 \n0.0 \n75,436.7 \nAPRIL \n7,793.4 \n831.6 \n0.0 \n180.6 \n19,825.5 \n23,032.0 \n12,462.5 \n102.0 \n189.3 \n0.0 \n69,482.2 \nMAY \n0.0 \n0.0 \n0.0 \n2,055.8 \n14,431.9 \n15,786.1 \n17,666.6 \n589.7 \n2,850.8 \n836.1 \n54,217..1 \nJUNE \n1,031.1 \n1,011.3 \n0.0 \n1,875.2 \n13,904.0 \n21,823.7 \n16,562.2 \n0.0 \n189.3 \n836.1 \n57,233.0 \nJULY \n125.6 \n0.0 \n0.0 \n0.0 \n7,054.0 \n19,331.9 \n14,121.2 \n1,533.9 \n0.0 \n0.0 \n42,166.6 \nAUGUST \n0.0 \n913.3 \n0.0 \n0.0 \n13,898.0 \n13,694.7 \n18,347.2 \n0.0 \n0.0 \n0.0 \n46,853.3 \nSEPTEMBER \n0.0 \n11,242.5 \n0.0 \n0.0 \n12,193.0 \n15,228.3 \n3,969.9 \n0.0 \n0.0 \n0.0 \n42,633.7 \nOCTOBER \n0.0 \n1,135.0 \n0.0 \n0.0 \n2,134.9 \n28,261.6 \n204.0 \n0.0 \n0.0 \n0.0 \n31,735.5 \nNOVEMBER \n8,373.2 \n3,045.0 \n11,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n0.0 \n34,497.7 \nDECEMBER \n6,559.3 \n1,430.0 \n14,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n70.0 \n34,138.7 \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \nAPRIL \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,620.0 \n14,889.0 \n278.0 \n0.0 \n15,200.0 \n0.0 \n43,087.0 \nMAY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,500.0 \n6,330.8 \n2,109.4 \n0.0 \n1,000.0 \n0.0 \n22,040.2 \nJUNE \n5,100.0 \n0.0 \n0.0 \n0.0 \n5,760.0 \n0.0 \n212.0 \n0.0 \n15,210.0 \n0.0 \n26,282.0 \n18 \n TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n137,919.4 \n35,324.8 \n106,812.5 \n296,807.8 \n116,945.8 \n277,304.7 \n268,525.2 \n119,278.5 \n515,754.9 \n21,989.9 \n431,208.6 \n14,582.8 \n2,342,454.9 \n FEBRUARY \n132,404.53 \n36,283.33 \n110,794.26 \n341,462.75 \n99,165.46 \n288,834.34 \n264,450.53 \n104,923.38 \n577,378.61 \n22,873.9 \n467,084.94 \n14,234.06 \n2,459,890.1 \nMARCH \n121,233.1 \n38,555.4 \n124,038.5 \n348,687.2 \n93,320.0 \n263’552.7 \n276,941.5 \n76,084.4 \n629,624.3 \n24,984.1 \n468,608.5 \n14,756.2 \n2,480,386.1 \nAPRIL \n127,168.8 \n39,606.6 \n115,033.7 \n331,306.5 \n83,707.8 \n289,829.1 \n276,208.7 \n75,855.9 \n644,979.8 \n24,822.5 \n465,129 \n14,829.3 \n2,488,477.6 \nMAY \n124,277.7 \n43,333.7 \n142,130.1 \n370,561.1 \n93,500.0 \n249,454.2 \n299,116.6 \n86,314.7 \n648,511.1 \n28,279.3 \n516,523.0 \n16,891.5 \n2,618,892.9 \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n98,671.0 \n49,093.8 \n152,390.8 \n350,269.2 \n166,578.5 \n545,118.2 \n311,310.8 \n105,766.9 \n638,341.8 \n39,837.1 \n533,691.3 \n99,053.9 \n3,090,123.4 \nMAY \n114,053.3 \n55,427.4 \n142,023.3 \n389,384.7 \n255,352.1 \n484,429.7 \n318,129.4 \n92,777.2 \n700,668.7 \n46,593.8 \n578,509.2 \n32,297.7 \n3,209,646.5 \nJUNE \n116,635.2 \n58,578.8 \n147,313.8 \n447,394.5 \n183,146.3 \n352,600.3 \n366,824.2 \n96,685.8 \n701,195.7 \n46,578.5 \n597,373.1 \n104,843.6 \n3,219,169.8 \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n31,659.0 \n5,702.7 \n18,835.7 \n1,538.1 \n177,040.5 \n97,838.1 \n22,611.8 \n28,606.2 \n187,727.7 \n3,883.5 \n139,589.7 \n31,245.5 \n746,278.5 \nMAY \n17,827.5 \n5,756.6 \n18,786.2 \n1,258.9 \n187,857.9 \n99,688.5 \n19,315.6 \n44,794.2 \n197,568.8 \n3,436.3 \n132,325.5 \n31,463.1 \n760,079.2 \nJUNE \n4,255.3 \n6,236.6 \n10,753.7 \n1,131.2 \n156,052.6 \n105,613.0 \n18,935.8 \n59,790.7 \n184,390.9 \n3,652.3 \n107,354.6 \n30,017.1 \n688,183.8 \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES) \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4951 \n5175 \n6,101 \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4037 \n4095 \n4,315 \nBilateral Creditors \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2308 \n2325 \n2,481 \nMultilateral Creditors \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1729 \n1770 \n1,834 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nPublic Enterprises \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,139 \nBilateral Creditors \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n672 \nMultilateral Creditors \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n467 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nMonetary Authorities \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \nMultilateral Creditors - IMF \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n \n \n \n \n \n \n \n \n \n \n \n \nPrivate \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n647 \n \n \n \n \n \n \n \n \n \n \n \n \nShort-Term External Debt \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1198 \n1382 \n932 \nSupplier's Credits \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n34 \nReserve Bank \n \n \n \n \n \n \n \n \n642 \n642 \n642 \nPrivate \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n256 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal External Debt/1 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6289 \n6695 \n7,160 \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6133 \n7433 \n8,865 \nExternal Debt / GDP \n31.4% \n52.3% \n75.7% \n94.7% \n136.3% \n63.9% \n110.5% \n147.7% \n102.5% \n90.1% \n80.8% \n/1 Total external debt excludes penalties \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of Finance and \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \n \n \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \nMar \n8.00-30.00 \n16.04 \n12.53 \n14.00-35.00 \n18.17 \n13.26 \n \n \nApr \n8.00-30.00 \n15.00 \n13.06 \n13.00-25.00 \n18.37 \n16.36 \n \n \nMay \n6.00-30.00 \n14.98 \n11.86 \n15.00-30.00 \n15.78 \n14.47 \n \n \nJun \n6.00-35.00 \n13.81 \n11.58 \n15.00-30.00 \n17.86 \n14.05 \n \n \nJul \n6.00-35.00 \n14.32 \n10.88 \n15.00-30.00 \n17.92 \n13.93 \n \n \nAug \n6.00-35.00 \n15.65 \n10.74 \n15.00-30.00 \n17.94 \n13.95 \n \n \nSep \n6.00-35.00 \n13.25 \n11.14 \n15.00-30.00 \n17.98 \n13.92 \n \n \nOct \n6.00-35.00 \n13.35 \n11.03 \n13.00-30.00 \n17.98 \n13.95 \n \n \nNov \n6.00-35.00 \n15.25 \n10.88 \n13.00-25.00 \n17.91 \n14.42 \n \n \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n \n \n \n \n3. Lending rates exclude rates on staff loans. \nDec \n10.00-35.00 \n15.08 \n10.40 \n15.00-25.00 \n17.93 \n14.43 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \n \n \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \n \n \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \n \n \nMay \n9.00-35.00 \n14.25 \n9.89 \n13.00-23.00 \n17.66 \n17.02 \n \n \n \n \n \n \n \n \n \n \n \nJun \n9.00-35.00 \n14.29 \n9.46 \n15.00-22.50 \n17.78 \n16.89 \n \n \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n 2011 \n \n \n \nAPRIL \n0.35-6.00 \n0.15-17.00 \n10.00-17.00 \nMAY \n0.30-5.00 \n0.15-17.00 \n10.00-17.00 \nJUNE \n0.15-5.00 \n0.15-17.00 \n10.00-17.00 \nJULY \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nAUGUST \n0.15-5.00 \n0.10-17.00 \n11.00-17.00 \nSEPTEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nOCTOBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nNOVEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nDECEMBER \n0.15-5.00 \n0.10-18.00 \n10.00-17.00 \n \n \n \n \n20122 \n \n \n \nJANUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nFEBRUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nMARCH \n0.01-12.00 \n5.00-20.00 \n7.00-17.00 \nAPRIL \n0.00-12.00 \n5.00-20.00 \n8.00-17.00 \nMAY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJUNE \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJULY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nAUGUST \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nOCTOBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nNOVEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nDECEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nMAY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJUNE \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates qouted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \n23 \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE \nHEALTH TRANSPORT \nCOMMUNI-\nCATION \nRECREATION & EDUCATION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n-0.54 \n0.00 \n0.00 \n0.00 \n0.01 \n0.00 \n0.00 \n0.01 \n0.00 \n0.01 \n-0.52 \n-0.06 \n0.32 \n0.07 \nFEBRUARY \n 2.75 \n0.37 \n0.41 \n0.20 \n1.51 \n1.65 \n-0.17 \n-0.08 \n0.08 \n0.77 \n1.11 \n0.72 \n1.40 \n0.95 \nMARCH \n0.47 \n0.04 \n0.03 \n0.36 \n0.06 \n0.49 \n-0.20 \n0.13 \n0.00 \n-1.11 \n0.08 \n0.15 \n0.32 \n0.21 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n0.19 \n-0.10 \n1.68 \n0.00 \n0.27 \n0.00 \n-13.15 \n0.00 \n4.01 \n0.20 \n-0.30 \n0.11 \n-0.49 \n-0.03 \nMAY \n-0.01 \n0.17 \n0.02 \n-0.28 \n-0.08 \n-0.73 \n-0.06 \n-0.49 \n0.00 \n0.05 \n-0.30 \n-0.17 \n-0.28 \n-0.21 \nJUNE \n0.17 \n-0.03 \n-0.01 \n-0.02 \n-0.05 \n-0.14 \n-0.33 \n0.12 \n0.00 \n-0.15 \n0.06 \n-0.03 \n-0.33 \n-0.13 \n24 \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n3.83 \n-0.74 \n10.70 \n0.65 \n1.94 \n6.42 \n-0.36 \n1.92 \n12.96 \n1.92 \n1.32 \n1.91 \n3.72 \n2.51 \nFEBRUARY \n5.77 \n-0.74 \n7.11 \n0.64 \n3.23 \n8.31 \n-0.01 \n-0.19 \n13.05 \n 3.01 \n 1.95 \n2.91 \n4.67 \n2.98 \nMARCH \n6.24 \n-0.80 \n5.48 \n0.70 \n3.28 \n8.73 \n-0.05 \n-0.19 \n8.37 \n1.71 \n1.64 \n2.04 \n4.18 \n2.76 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n3.57 \n5.86 \n-0.40 \n4.40 \n0.90 \n3.77 \n7.70 \n-13.33 \n-1.28 \n12.54 \n1.63 \n1.21 \n1.94 \n2.53 \nMAY \n5.88 \n-0.38 \n3.95 \n0.66 \n3.60 \n6.85 \n-13.13 \n-0.83 \n12.56 \n1.44 \n1.04 \n1.54 \n3.54 \n2.20 \nJUNE \n5.40 \n-0.50 \n2.65 \n0.16 \n3.03 \n6.85 \n-13.40 \n-0.33 \n7.75 \n1.35 \n1.22 \n1.35 \n2.90 \n1.87 \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n7.82 \n7.32 \n76.20 \n1.32 \n1.60 \nFEBRUARY \n7.47 \n7.13 \n80.28 \n1.35 \n1.60 \nMARCH \n7.59 \n7.29 \n81.92 \n1.33 \n1.59 \nAPRIL \n7.82 \n7.41 \n80.78 \n1.32 \n1.61 \nMAY \n8.14 \n7.63 \n79.80 \n1.28 \n1.59 \nJUNE \n8.38 \n7.77 \n79.42 \n1.25 \n1.56 \nJULY \n8.18 \n7.74 \n78.23 \n1.23 \n1.57 \nAUGUST \n8.45 \n7.80 \n78.47 \n1.25 \n1.58 \nSEPTEMBER \n8.23 \n7.65 \n77.50 \n1.29 \n1.63 \nOCTOBER \n8.64 \n7.88 \n79.78 \n1.30 \n1.61 \nNOVEMBER \n8.78 \n7.95 \n80.94 \n1.30 \n1.60 \nDECEMBER \n8.48 \n7.88 \n86.06 \n1.32 \n1.62 \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \nJUNE \n9.94 \n8.60 \n98.74 \n1.31 \n1.53 \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \nMAY \n10.08 \n8.65 \n100.85 \n1.30 \n1.52 \n \n \n \n \n \n \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n255.1 \n258.7 \n91.1 \n382.3 \n109.8 \n0.0 \n0.0 \n1,097.0 \n120.3 \n1,988.3 \n262.6 \n135.2 \n316.4 \n3,919.8 \nFeb \n242.8 \n335.2 \n90.0 \n489.4 \n121.3 \n0.0 \n0.0 \n1,278.7 \n102.7 \n1,978.3 \n265.7 \n138.9 \n329.6 \n4,093.8 \n Mar \n285.0 \n444.6 \n103.2 \n217.6 \n140.4 \n0.0 \n0.0 \n1,191.3 \n34.7 \n2,040.5 \n337.0 \n152.8 \n339.6 \n4,095.9 \n Apr \n306.5 \n459.1 \n128.5 \n197.4 \n217.0 \n0.0 \n0.0 \n1,308.5 \n32.8 \n2,068.4 \n348.9 \n180.2 \n342.0 \n4,280.7 \n May \n316.3 \n441.8 \n113.2 \n210.5 \n225.8 \n0.0 \n0.0 \n1,307.6 \n32.2 \n2,156.2 \n388.5 \n182.5 \n384.1 \n4,451.3 \nJun \n297.2 \n413.2 \n98.2 \n245.8 \n232.6 \n0.0 \n0.0 \n1,287.1 \n32.4 \n2,140.6 \n369.7 \n228.5 \n386.3 \n4,444.7 \n Jul \n329.9 \n403.3 \n108.9 \n211.0 \n205.1 \n0.0 \n0.0 \n1,258.2 \n25.0 \n2,359.7 \n370.0 \n242.7 \n393.3 \n4,648.8 \n Aug 331.2 \n363.1 \n97.7 \n165.3 \n211.6 \n0.0 \n0.0 \n1,168.8 \n24.9 \n2,404.0 \n385.9 \n221.3 \n390.1 \n4,594.9 \n Sep \n299.3 \n381.7 \n109.8 \n185.2 \n175.2 \n0.0 \n0.0 \n1,151.3 \n25.1 \n2,498.0 \n390.6 \n240.1 \n390.4 \n4,695.4 \nOct \n331.5 \n368.4 \n127.1 \n191.5 \n174.2 \n7.4 \n0.0 \n1,200.1 \n25.0 \n2,530.01 \n372.3 \n246.6 \n389.6 \n4,763.6 \nNov \n306.6 \n358.3 \n119.3 \n325.9 \n188.1 \n7.5 \n0.0 \n1306.0 \n25.5 \n2,591.9 \n348.3 \n234.4 \n394.1 \n4,900.0 \nDec \n375.9 \n374.7 \n131.1 \n219.7 \n190.8 \n8.2 \n0.0 \n1,300.4 \n27.7 \n2,631.6 \n375.3 \n255.7 \n389.0 \n4,980.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n323.4 \n378.5 \n103.4 \n182.3 \n247.8 \n0.0 \n0.0 \n1,235.5 \n52.2 \n2,694.9 \n386.1 \n205.7 \n386.7 \n4,961.1 \nFeb \n292.2 \n357.7 \n120.5 \n234.6 \n239.9 \n0.0 \n0.0 \n1,244.9 \n27.7 \n2,289.3 \n328.8 \n208.0 \n388.3 \n4,887.0 \nMar \n271.6 \n345.7 \n196.1 \n198.9 \n265.3 \n0.0 \n0.0 \n1,277.6 \n26.1 \n2,715.8 \n367.2 \n228.8 \n388.0 \n5,003.5 \nApr \n263.8 \n383.6 \n201.1 \n272.9 \n289.9 \n75.3 \n5.2 \n1,491.7 \n26.3 \n2,595.8 \n341.3 \n207.0 \n382.1 \n5,044.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May \n250.9 \n400.9 \n198.2 \n296.7 \n253.5 \n75.4 \n5.3 \n1,480.8 \n25.8 \n2,673.2 \n389.8 \n208.0 \n382.9 \n5,160.5 \nJun \n227.2 \n416.4 \n171.9 \n257.5 \n271.8 \n75.5 \n5.3 \n1,425.8 \n26.0 \n2,698.3 \n364.1 \n217.8 \n384.6 \n5,116.5 \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1,830.5 \n740.1 \n170.2 \n2,740.8 \n143.6 \n0.0 \n47.3 \n426.6 \n262.6 \n298.9 \n3,919.8 \n2,740.8 \nFeb \n1,980.9 \n745.4 \n197.8 \n2,924.1 \n163.3 \n0.0 \n23.5 \n437.8 \n265.7 \n281.4 \n4,095.8 \n2,924.1 \n Mar \n1,944.7 \n699.6 \n322.7 \n2,967.0 \n149.2 \n0.0 \n25.4 \n437.5 \n337.0 \n262.4 \n4,178.6 \n2,967.0 \n Apr \n1,932,8 \n722.1 \n350.4 \n3,005.3 \n155.1 \n0.0 \n23.8 \n440.3 \n348.9 \n307.3 \n4,280.7 \n3,005.3 \n May \n1,886.1 \n802.5 \n462.2 \n3,150.9 \n175.3 \n0.0 \n23.2 \n483.6 \n388.5 \n229.7 \n4,451.3 \n3,150.9 \nJun \n1,889.3 \n899.4 \n391.7 \n3,180.4 \n170.9 \n0.0 \n21.5 \n503.9 \n369.7 \n198.2 \n4,444.7 \n3,180.4 \nJul \n1,957.8 \n873.6 \n500.6 \n3,331.9 \n172.8 \n0.0 \n22.7 \n539.0 \n370.0 \n212.4 \n4,648.8 \n3,331.9 \nAug \n1,919.2 \n930.2 \n374.3 \n3,223.6 \n172.2 \n0.0 \n22.1 \n562.5 \n385.9 \n228.5 \n4,594.9 \n3,223.6 \n Sep \n1,962.6 \n883.0 \n490.0 \n3,335.6 \n183.9 \n0.0 \n20.5 \n552.6 \n390.6 \n205.8 \n4,689.0 \n3,335.6 \n Oct \n1,997.7 \n1,011.7 \n413.6 \n3,422.9 \n168.1 \n0.0 \n20.5 \n562.9 \n372.3 \n216.7 \n4,763.6 \n3,422.9 \n Nov \n1,895.8 \n966.6 \n679.6 \n3,542.0 \n192.9 \n0.0 \n38.2 \n562.2 \n348.3 \n216.4 \n4,900.0 \n3,542.0 \n Dec \n2,090.5 \n922.3 \n507.5 \n3,520.4 \n212.5 \n0.0 \n30.8 \n618.5 \n375.3 \n222.5 \n4,980.0 \n3,520.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,032.2 \n866.1 \n552.4 \n3,450.7 \n266.1 \n0.0 \n27.8 \n623.9 \n386.1 \n206.5 \n4,961.1 \n3,450.7 \nFeb \n1,987.8 \n933.3 \n491.5 \n3,412.5 \n258.1 \n0.0 \n32.4 \n631.9 \n328.8 \n223.3 \n4,887.0 \n3,417.9 \nMar \n1,960.1 \n976.3 \n451.1 \n3,387.3 \n290.9 \n0.0 \n32.8 \n687.7 \n367.2 \n237.6 \n5,003.5 \n3,387.3 \nApr \n 2,074.5 \n1,046.3 \n379.5 \n3,500.3 \n 247.6 \n0.0 \n37.9 \n667.2 \n341.3 \n249.8 \n5,044.2 \n3,500.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n May \n2,066.0 \n913.0 \n479.9 \n3,459.0 \n346.5 \n0.0 \n81.8 \n674.4 \n389.8 \n209.0 \n5,160.4 \n3,459.0 \n Jun \n2,013.9 \n919.6 \n298.9 \n3,232.4 \n553.0 \n0.0 \n74.1 \n702.3 \n364.1 \n190.6 \n5,116.5 \n3,232.4 \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJune \n3.6 \n6.6 \n23.9 \n1.0 \n9.9 \n0.0 \n44.9 \n0.0 \n277.8 \n49.6 \n84.2 \n22.7 \n479.3 \nJul \n1.4 \n2.2 \n25.2 \n0.9 \n8.2 \n0.0 \n37.9 \n0.0 \n237.5 \n37.5 \n75.7 \n14.8 \n403.5 \nAug \n0.8 \n0.6 \n31.8 \n0.4 \n5.5 \n0.0 \n39.2 \n0.0 \n223.3 \n36.7 \n59.5 \n22.7 \n381.4 \nSep \n0.9 \n3.7 \n27.8 \n5.5 \n3.1 \n0.0 \n40.9 \n0.0 \n228.0 \n36.8 \n56.1 \n22.1 \n383.9 \nOct \n2.8 \n0.4 \n28.4 \n1.6 \n3.3 \n0.4 \n36.9 \n0.0 \n208.9 \n37.1 \n53.5 \n22.4 \n358.7 \nNov \n1.7 \n0.5 \n30.2 \n1.2 \n3.3 \n0.4 \n37.3 \n0.0 \n235.9 \n37.1 \n53.6 \n22.4 \n386.3 \nDec \n2.2 \n1.0 \n26.1 \n1.4 \n3.3 \n0.4 \n34.4 \n0.0 \n239.2 \n37.2 \n69.1 \n22.3 \n402.3 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1.5 \n2.7 \n28.6 \n0.0 \n3.4 \n0.0 \n36.2 \n0.0 \n236.7 \n34.8 \n60.2 \n29.1 \n397.0 \nFeb \n4.7 \n1.5 \n18.4 \n0.0 \n4.5 \n0.0 \n26.9 \n0.0 \n245.7 \n34.8 \n63.9 \n28.9 \n398.2 \nMar \n2.5 \n1.1 \n7.3 \n-3.1 \n1.2 \n0.0 \n8.9 \n0.0 \n260.3 \n34.2 \n50.4 \n28.8 \n382.6 \nApr \n2.7 \n1.3 \n20.1 \n-1.9 \n1.2 \n0.0 \n23.4 \n0.0 \n254.9 \n34.2 \n51.7 \n27.7 \n392.0 \nMay \n2.4 \n4.1 \n18.6 \n-2.4 \n4.5 \n0.0 \n27.3 \n0.0 \n253.4 \n34.6 \n63.0 \n12.7 \n391.0 \nJun \n2.4 \n3.6 \n7.9 \n1.1 \n9.1 \n0.0 \n24.1 \n0.0 \n260.3 \n34.6 \n51.4 \n35.2 \n405.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n Apr \n89.9 \n117.5 \n42.8 \n250.3 \n44.8 \n0.0 \n0.0 \n55.6 \n56.3 \n69.4 \n476.2 \n250.3 \n May \n85.5 \n100.9 \n68.1 \n254.6 \n44.8 \n0.0 \n0.0 \n-48.7 \n54.9 \n168.7 \n474.3 \n254.6 \n Jun \n136.9 \n91.2 \n33.7 \n261.8 \n44.6 \n0.0 \n1.7 \n-22.4 \n49.6 \n144.0 \n479.3 \n261.8 \n Jul \n110.8 \n36.4 \n69.2 \n216.4 \n43.6 \n0.0 \n1.0 \n-33.1 \n37.5 \n138.1 \n403.5 \n216.4 \n Aug \n107.0 \n42.6 \n64.5 \n214.1 \n43.1 \n0.0 \n1.0 \n-96.8 \n36.7 \n183.3 \n381.4 \n214.1 \n Sep \n102.5 \n60.4 \n56.4 \n219.3 \n42.8 \n0.0 \n2.7 \n-47.9 \n36.8 \n130.2 \n383.9 \n219.3 \n Oct \n122.8 \n35.9 \n60.6 \n219.3 \n39.8 \n0.0 \n2.7 \n-51..1 \n37.1 \n110.9 \n358.7 \n219.3 \n Nov \n105.3 \n69.3 \n46.4 \n221.0 \n39.9 \n0.0 \n2.7 \n-69.7 \n37.1 \n155.2 \n386.3 \n221.0 \n Dec \n108.1 \n67.9 \n44.2 \n220.2 \n44.5 \n0.0 \n2.7 \n-60.9 \n37.2 \n158.5 \n402.3 \n220.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n106.9 \n91.7 \n21.3 \n220.0 \n44.8 \n0.0 \n2.7 \n-72.4 \n34.8 \n167.2 \n397.0 \n220.0 \n Feb \n102.8 \n66.0 \n55.7 \n224.5 \n45.3 \n0.0 \n2.7 \n-77.8 \n34.8 \n168.7 \n398.2 \n224.5 \n Mar \n104.3 \n62.3 \n52.8 \n219.5 \n45.8 \n0.0 \n1.2 \n-97.3 \n34.2 \n179.3 \n382.6 \n219.5 \n Apr \n107.3 64.6 \n56.3 \n228.3 \n 45.4 \n0.0 \n1.2 -98.1 \n34.2 \n 181.1 \n392.0 \n228.3 \n May \n112.2 \n67.1 \n54.4 \n233.6 \n46.7 \n0.0 \n1.2 \n-99.4 \n34.6 \n174.3 \n391.0 \n233.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jun \n114.6 \n56.2 \n52.3 \n223.1 \n46.7 \n0.0 \n1.2 \n-91.2 \n34.6 \n191.2 \n405.6 \n223.1 \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.1 \n80.8 \n0.0 \n0.0 \n100.9 \n207.2 \n80.6 \n17.6 \n112.2 \n518.5 \n Feb \n13.3 \n99.2 \n0.0 \n0.0 \n112.6 \n226.5 \n81.0 \n19.3 \n112.5 \n551.8 \n Mar \n15.8 \n109.0 \n0.0 \n0.0 \n124.7 \n221.5 \n83.1 \n19.7 \n112.7 \n561.6 \n Apr \n18.2 \n99.7 \n0.2 \n0.0 \n118.0 \n215.5 \n85.5 \n23.7 \n111.3 \n554.0 \n May \n19.6 \n93.7 \n0.2 \n0.0 \n113.4 \n219.7 \n93.3 \n24.5 \n113.0 \n564.0 \n Jun \n15.7 \n102.2 \n0.2 \n0.0 \n118.1 \n239.5 \n96.5 \n25.6 \n114.6 \n594.3 \n Jul \n19.6 \n108.6 \n0.0 \n0.0 \n128.2 \n242.3 \n101.3 \n26.2 \n116.2 \n614.3 \n Aug \n18.7 \n113.1 \n0.0 \n0.0 \n131.8 \n248.8 \n104.7 \n27.5 \n118.2 \n630.9 \n Sep \n18.6 \n131.9 \n0.0 \n0.0 \n150.5 \n248.8 \n105.6 \n29.2 \n118.9 \n653.0 \n Oct \n20.1 \n123.0 \n0.0 \n1.0 \n144.0 \n266.6 \n116.7 \n28.9 \n118.9 \n675.1 \n Nov \n22.5 \n125.0 \n0.0 \n1.0 \n148.6 \n277.2 \n117.8 \n33.4 \n117.4 \n694.3 \n Dec \n29.2 \n133.2 \n0.0 \n1.0 \n163.4 \n278.1 \n118.3 \n30.2 \n126.9 \n716.9 \n Feb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \n Mar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \n \n \n \n \n \n \n \n \n \n \n \n Apr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \n May \n30.2 \n179.6 \n0.2 \n20.3 \n230.0 \n307.3 \n120.3 \n40.4 \n121.9 \n820.0 \n Jun \n28.6 \n178.8 \n0.0 \n20.0 \n227.3 \n314.2 \n122.4 \n44.6 \n121.8 \n830.3 \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n2011 \n \n \n \n \n \n \n \n Jan \n72.6 \n70.1 \n142.8 \n105.8 \n34.6 \n283.1 \n142.8 \n Feb \n78.8 \n76.2 \n155.0 \n107.6 \n36.1 \n298.7 \n155.0 \n Mar \n87.0 \n83.0 \n170.1 \n108.6 \n11.8 \n318.7 \n170.1 \n Apr \n90.1 \n85.0 \n175.1 \n110.6 \n16.4 \n332.1 \n175.1 \n May \n95.5 \n102.5 \n197.9 \n112.7 \n21.6 \n364.9 \n197.9 \n Jun \n124.6 \n77.4 \n202.0 \n116.7 \n50.6 \n369.4 \n202.0 \n Jul \n146.7 \n68.1 \n214.8 \n119.0 \n70.0 \n403.9 \n214.8 \n Aug \n149.9 \n80.6 \n230.6 \n122.0 \n67.7 \n420.3 \n230.6 \n Sep \n149.4 \n93.2 \n242.6 \n123.1 \n77.5 \n443.3 \n242.6 \n Oct \n154.3 \n93.0 \n247.3 \n125.8 \n13.7 \n453.8 \n247.3 \n Nov \n158.3 \n123.9 \n282.4 \n129.0 \n89.2 \n500.6 \n282.4 \n Dec \n186.4 \n100.7 \n287.0 \n121.3 \n96.7 \n505.1 \n287.0 \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n \n \n \n \n \n \n \n \n May \n315.3 \n212.0 \n527.4 \n193.3 \n23.4 \n820.0 \n527.4 \n Jun \n309.0 \n222.6 \n531.6 \n198.3 \n100.4 \n830.3 \n531.6 \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nJan \n138.52 \n79.09 \n3,422.20 \nFeb \n146.03 \n95.39 \n3,696.60 \nMar \n136.76 \n85.01 \n3,458.10 \nApr \n129.55 \n97.15 \n3,303.40 \nMay \n132.03 \n83.73 \n3,351.20 \nJun \n131.96 \n75.70 \n3,341.46 \nJul \n132.92 \n112.12 \n3,445.93 \nAug \n132.27 \n89.04 \n3,434.00 \nSep \n146.00 \n96.00 \n3,822.80 \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \nApr \n189.66 \n71.98 \n4,894.68 \nMay \n212.72 \n73.99 \n5,471.22 \nJun \n211.19 \n73.29 \n5,436.57 \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n910.3 \n110.9 \n52.3 \n295.5 \n1,369.0 \nFebruary \n943.2 \n123.2 \n57.0 \n325.2 \n1,448.6 \nMarch \n1,022.3 \n178.3 \n56.0 \n334.3 \n1,590.9 \nApril \n1,072.5 \n160.3 \n54.2 \n331.5 \n1,618.5 \nMay \n1,264.8 \n169.0 \n55.4 \n335.5 \n1,824.7 \nJune \n1,291.1 \n124.9 \n58.3 \n369.7 \n1,844.0 \nJuly \n1,374.2 \n105.6 \n61.4 \n389.3 \n1,930.5 \nAugust \n1,304.5 \n107.1 \n59.3 \n401.2 \n1,872.1 \nSeptember \n1,373.0 \n116.8 \n60.1 \n420.0 \n1,969.9 \nOctober \n1,425.3 \n96.4 \n61.8 \n428.6 \n2,012.1 \nNovember \n1,646.2 \n115.7 \n67.2 \n426.3 \n2,255.4 \nDecember \n1,429.8 \n112.1 \n63.9 \n440.3 \n2,046.1 \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \nMay \n1,393.0 \n121.5 \n66.2 \n527.4 \n2,108.0 \nJune \n1,218.4 \n108.6 \n70.6 \n531.6 \n1,929.2 \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,097.0 \n685.2 \n411.8 \n75.1 \n62.2 \n12.9 \nFebruary \n1,278.7 \n731.5 \n548.2 \n44.8 \n64.4 \n-19.6 \nMarch \n1,273.6 \n741.8 \n531.8 \n95.1 \n62.3 \n32.8 \nApril \n1,308.5 \n751.3 \n557.2 \n72.3 \n62.6 \n9.8 \nMay \n1,307.6 \n787.7 \n519.9 \n51.0 \n63.6 \n-12.6 \nJune \n1,287.5 \n795.1 \n492.4 \n44.9 \n65.4 \n-20.5 \nJuly \n1,258.2 \n833.0 \n425.2 \n37.9 \n54.1 \n-16.2 \nAug \n1,168.8 \n805.9 \n362.9 \n39.2 \n53.5 \n-14.4 \nSeptember \n1,151.3 \n833.9 \n317.4 \n40.9 \n54.8 \n-13.9 \nOctober \n1,200.1 \n855.7 \n344.4 \n36.9 \n54.8 \n-17.9 \nNovember \n1,306.0 \n885.5 \n420.5 \n37.3 \n55.2 \n-18.0 \nDecember \n1,300.4 \n880.1 \n420.3 \n34.4 \n55.1 \n-20.6 \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n862.7 \n372.8 \n36.2 \n55.0 \n-18.8 \nFebruary \n1,244.9 \n854.5 \n390.4 \n26.9 \n56.1 \n-29.2 \nMarch \n1,277.6 \n846.8 \n430.8 \n8.9 \n54.9 \n-46.0 \nApril \n1,491.7 \n875.1 \n616.6 \n23.4 \n57.1 \n-33.6 \nMay \n1,480.8 \n864.7 \n616.1 \n27.3 \n58.4 \n-31.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from 1 August 2010, the prescribed liquid asset ratio was reviewed from 10% to 20% of liabilities to the public. \nJune \n1,425.8 \n808.1 \n617.7 \n24.1 \n55.8 \n-31.7 \n35 \nTABLE 13 : ZETSS, CHEQUES AND CARDS ACTIVITY. \nUS$ Millions \nMONTH \nZETSS VALUES \nCHEQUE VALUES \nCARD VALUES \nMOBILE & INTERNET \n \n \n \n \n \n2012 \n \n \n \n \nJan \n2,439.7 \n5.3 \n137.2 \n60.8 \nFeb \n2,920.1 \n6.1 \n137.1 \n77.2 \nMar \n3,242.8 \n6.8 \n156.4 \n104.1 \nApr \n2,948.5 \n5.5 \n160.5 \n68.6 \nMay \n3,237.4 \n5.0 \n189.6 \n82.0 \nJun \n3,407.3 \n6.5 \n177.7 \n93.5 \nJul \n3,321.0 \n6.7 \n169.1 \n135.6 \nAug \n3,417.3 \n6.1 \n218.4 \n98.3 \nSep \n3,043.2 \n5.6 \n235.5 \n149.2 \nOct \n3,630.7 \n6.6 \n232.9 \n196.9 \nNov \n3,526.0 \n5.9 \n240.8 \n197.3 \nDec \n3,584.7 \n5.0 \n308.9 \n220.3 \nAnnual Total \n38,718.7 \n71.1 \n2,364.1 \n1,483.8 \nFeb \n2,968.0 \n5.5 \n260.5 \n199.3 \n \n \n \n \n \n2013 \n \n \n \n \nJan \n3,563.8 \n5.2 \n254.4 \n205.2 \nMar \n3,340.0 \n15.2 \n312.4 \n220.6 \n \n \n \n \n \nApr \n3,535.6 \n16.6 \n328.2 \n283.6 \nMay \n3,915.3 \n15.4 \n332.6 \n364.0 \nJune \n3,544.3 \n5.9 \n298.4 \n266.7", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/June2013.pdf"}

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@@ -0,0 +1 @@
+{"doc_id": "09bac2f9101a68b56123c3404b00bb1f", "text": "MPC Statement January 17th, 2019 \nPage 1 \n \n \nSouth African Reserve Bank \n \nPRESS STATEMENT \nEMBARGO DELIVERY \n17 January 2019 \n \n \nSTATEMENT OF THE MONETARY POLICY COMMITTEE \n \nIssued by Lesetja Kganyago, Governor of the South African Reserve Bank \nSince November 2018, international developments have been the major contributor to \nan improved inflation outlook. Significant declines in international oil prices and a less \ndepreciated exchange rate have been key drivers of this improved outlook. Domestic \npetrol prices decreased by a cumulative R3.07 per litre (for 95 unleaded in Gauteng) \nin December and January. Lower food price inflation also contributed to lower \nconsumer price inflation. The economy’s recovery from the technical recession in the \nfirst half of 2018 is welcomed, but it remains modest, with growth constrained by \nsubdued demand as a result of weaker levels of consumer and business confidence. \nThe year-on-year inflation rate as measured by the consumer price index (CPI) for all \nurban areas was 5.2% in November (up from 5.1% in October). Goods price inflation \nwas 5.3% (up from 5.1% in October), while services price inflation was unchanged at \n5.1%. The Bank’s measure of core inflation, which excludes food, fuel and electricity \nMPC Statement January 17th, 2019 \nPage 2 \n \nwas 4.4% in November compared to 4.2% in October. Producer price inflation for final \nmanufactured goods slowed marginally to 6.8% in November from 6.9% in October. \nThe near-term inflation forecast generated by the SARB’s Quarterly Projection Model \n(QPM) has improved significantly since the previous MPC. Headline inflation is now \nexpected to average 4.6% in 2018 (down from 4.7%) and 4.8% in 2019 (down from \n5.5%), before increasing to 5.3% in 2020 (down from 5.4%) and moderating to 4.8% \nin 2021. Headline CPI inflation is now expected to peak at around 5.6%, in the first \nquarter of 2020. Core inflation is expected remain unchanged at 4.3% in 2018 and \nforecast to average 5.0% in 2019 (down from 5.3%), 5.1% in 2020 (down from 5.5%) \nand 4.8% in 2021. These inflation projections are based on an interest rate path \ngenerated by the QPM. \nFollowing a significant decline in oil prices since November, the assumptions for Brent \ncrude oil in the QPM were revised down by around US$10 per barrel from US$73 to \nUS$62 for 2019 and US$65 for 2020 and 2021. Food price inflation is expected to \nhave bottomed out in the fourth quarter of 2018 and to rise to 4.6% in 2021. \nAverage inflation expectations for both 2019 and 2020, as reflected in the survey \nconducted by the Bureau for Economic Research (BER) in the fourth quarter of 2018, \ndeclined from 5.6% to 5.4%. Average five-year expectations also came down from \n5.5% in the previous survey to 5.3%. \nThe inflation expectations of market analysts in the January 2019 Reuters Econometer \nsurvey are also lower at 5.2% in 2019 (down from 5.5%) and remained unchanged at \n5.3% for 2020. Expectations implicit in the break-even inflation rates (i.e. the yield \ndifferential between conventional and inflation-linked government bonds) remain \nMPC Statement January 17th, 2019 \nPage 3 \n \nsensitive to exchange rate movements. While five-year break-even rates remain within \nthe inflation target range, the longer-term break-even rates remain above 6%. \nGlobal growth is expected to remain broadly favourable over the near term, but to \nmoderate over the medium term while risks are tilted to the downside. The negative \neffects of tariff increases are becoming more visible in economic data and uncertainty \narising from trade tensions remains. Other risks include geo-political developments \nand excessive financial market volatility. \nRecent communication from major central banks suggests a slower pace of monetary \npolicy normalisation in advanced economies. In December, the US Fed signalled a \nmore gradual pace of rate hikes. Although the European Central Bank (ECB) ended \nits asset purchase programme in December, it has indicated that monetary policy \nwould remain largely accommodative. \nSince the November MPC, the rand has appreciated by 1.4% against the US dollar, \nby 1.5% against the euro, and by 0.5% on a trade-weighted basis. The implied starting \npoint for the rand is R14.30 against the US dollar, compared with R14.50 at the time \nof the previous meeting. At these levels, the QPM assesses the rand to be less \nundervalued. \nEmerging market currencies, including the rand, have recently benefited from a \nweaker US dollar and indications of continued accommodative monetary policy in \nadvanced economies, but they remain vulnerable to changes in investor sentiment. \nThe rand also remains sensitive to domestic growth prospects, political developments \nand policy settings. \nMPC Statement January 17th, 2019 \nPage 4 \n \nThe domestic growth outlook remains sluggish. Although, GDP increased by 2.2% in \nthe third quarter of 2018, private sector fixed investment remains weak and production \nin key sectors is volatile. The SARB now expects growth in 2018 to have averaged \n0.7% (up from 0.6% in November). The growth forecast for 2019 is 1.7% (down from \n1.9%), it is unchanged at 2.0% for 2020 and increases to 2.2% in 2021. At these \ngrowth rates, the negative output gap is expected to close in the first quarter of 2021. \nThe Absa Purchasing Managers’ Index reached 50.7 index points in December driven \nby improved expectations about new sales orders and business activity, however the \nemployment sub-index receded to its lowest levels since 2014. Although the SARB’s \ncomposite leading business cycle indicator increased somewhat in October, it has \nbeen trending lower since early 2018. The RMB/BER Business Confidence Index also \nremains significantly below the neutral level of 50 index points, broadly aligned with \nweakness in gross fixed capital formation. Sustained growth in fixed capital formation \nis needed to raise potential growth and to make in-roads into unemployment. \nHousehold consumption expenditure remains constrained by weak employment \ngrowth. Over the forecast period, consumption expenditure growth is expected to \nremain around 2%, on the back of moderate increases in real wages and household \ndisposable income. \nThe MPC assesses the risks to the growth forecast to be on the downside. Weak \nbusiness and consumer confidence continue to weigh on fixed capital formation. This \ncould be exacerbated by the possibility of protracted electricity supply constraints. \nPrudent macroeconomic policies are essential to ensuring that growth is sustainable \nand the economy is more resilient to shocks. Furthermore, the Committee remains of \nthe view that current challenges facing the economy are primarily structural in nature. \nMPC Statement January 17th, 2019 \nPage 5 \n \nThe implementation of credible structural policy initiatives that make a marked impact \non potential output and employment and lower the cost structure of the economy \nshould be prioritised. \nThe MPC has taken note of the improved inflation outlook, especially in the near-term. \nOver the forecast period, inflation is expected to remain within the inflation target \nrange, averaging 5.3% in 2020 and 4.8% in 2021. \nThe overall risks to the inflation outlook are assessed to be moderately on the upside. \nThe risks include administered prices such as electricity and water tariffs, rising \ndomestic food prices in the outer years, changing investor sentiment towards \nemerging markets, moderation in global growth and volatile international oil prices. \nAgainst this backdrop, the MPC unanimously decided to keep the repurchase rate \nunchanged at 6,75% per year. \nThe Committee continues to assess the stance of monetary policy to be broadly \naccommodative. Monetary policy actions will continue to focus on anchoring inflation \nexpectations closer to the mid-point of the inflation target, in the interest of balanced \nand sustainable growth. The approach of the MPC is to look through the first-round \neffects and focus on the possible second-round effects of supply side shocks. As \npreviously indicated, any future policy adjustments will be data dependent. \nThe implied path of policy rates generated by the Quarterly Projection Model is for one \nhike of 25 basis points, reaching 7.0% by the end of 2021. The forecasted endogenous \ninterest rate path is built into our growth and inflation outlook. As emphasised \npreviously, the implied path remains a broad policy guide which can and does change \nMPC Statement January 17th, 2019 \nPage 6 \n \nin either direction between meetings in response to new developments and changing \nrisks. \nLesetja Kganyago \nGOVERNOR \nThe next statement of the Monetary Policy Committee will be released on \n28 March 2019. \n \nContact person: \nZiyanda Mtshali \n012 399 7966 \nmedia@resbank.co.za", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/January-MPC-Statement_17-January-2019-FINAL.pdf"}

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+{"doc_id": "0bc7b5f769210ab4c4126225eb222044", "text": "[Date] \n \n \n \n \nAUGUST 2016 \n \n \ni \n \n \nTABLE OF CONTENTS \nSELECTED ECONOMIC INDICATORS ________________________________________ 1 \nSTOCK MARKET DEVELOPMENTS __________________________________________ 2 \nMONETARY DEVELOPMENTS ______________________________________________ 3 \nINFLATION OUTTURN ______________________________________________________ 4 \nAnnual Inflation __________________________________________________________________ 4 \nMonthly Inflation _________________________________________________________________ 5 \nNATIONAL PAYMENTS SYSTEM ____________________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ______________________________ 5 \nCash Transactions _________________________________________________________________ 5 \nMobile and Internet Based Transactions ______________________________________________ 5 \nCard Based Transactions ___________________________________________________________ 6 \nCheque Transactions ______________________________________________________________ 6 \n \n \n \n \n \n \n \n1 \n \n \n \n \n \n2016 \nJuly \n2016 \nAugust \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n25.7 \n26.3 \n2.33% \nZ.S.E. Industrial Index1 \n98.8 \n99.3 \n0.51% \nNational Payment System Transactions \n(US$ millions) \n6 320.18 \n6 359.91 \n0.63% \nMoney Supply (US$ millions)2 \n5 138.0 \n5 227.8 \n1.75% \nMoney Supply (M3) Annual Growth2 (%) \n14.84 \n16.87 \n \nYearly Inflation3 (%) \n-1.6 \n-1.4 \n \nMonthly Inflation3 (%) \n-0.19 \n-0.13 \n \nNominal Lending Rate2 (% per annum) \n4.0-18.0 \n4.0-18.0 \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \n \n2 \n \nSTOCK MARKET DEVELOPMENTS \n \nDuring the month of August 2016, major stock \nmarkets in the USA, Europe and Asia recorded \ngains. Trading in leading African stock markets \nwas mixed, with gains registered in Egypt, \n2.19%; South Africa, 1.34%; and Tunisia, \n1.27%. Losses were, however, recorded in \nKenya, -5.23%; Nigeria, -1.47%; and Morocco, \n-0.22%. \nThe Zimbabwe Stock Exchange (ZSE) was \nbullish in August 2016, following positive \ntrading in selected heavy weight counters. The \nmainstream index increased by 0.42% to close \nthe month of August 2016 at 99.26 points, from \n98.84 points in the previous month. The \nresources index also increased by 2.33%, to close \nthe month under review at 26.32 points. \n \nThe volume of shares traded fell by 27.89% to \n41 264 438 shares in August 2016, from \n57 222 624 shares in July 2016. \n \nMarket turnover declined from US$11.84 million \nin July 2016, to US$7.08 million during the \nmonth of August 2016. This partly reflected \ncautious trading on the ZSE by investors. \n \nNet foreign capital outflows amounted to \nUS$4.31 million in August 2016, down from \nUS$5.2 million registered in the previous month. \nThis was on account of a slowdown in foreign \ninvestor disinvestments from the ZSE. \n \n \nSource: Zimbabwe Stock Exchange, 2016 \nMarket capitalisation increased by 0.45%, from \nUS$2.72 billion recorded in July 2016 to \nUS$2.73 billion in August 2016. This followed \npositive trading in selected counters. \n \n \n \n \n \n0\n20\n40\n60\n80\n100\n120\n140\n160\n31-Aug-15\n30-Sep-15\n31-Oct-15\n30-Nov-15\n31-Dec-15\n31-Jan-16\n29-Feb-16\n31-Mar-16\n30-Apr-16\n31-May-16\n30-Jun-16\n31-Jul-16\n31-Aug-16\nFigure 1: ZSE Indices\nIndustrial\nMining\n0.00\n5.00\n10.00\n15.00\n20.00\n25.00\n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n300.00\nJul-15\nAug-15\nSep-15\nOct-15\nNov-15\nDec-15\nJan-16\nFeb-16\nMar-16\nApr-16\nMay-16\nJun-16\nJul-16\nAug-16\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nFigure 2: ZSE: Monthly Volumes \nFigure 2: ZSE: Monthly Volumes and Values Trad\nand Values Traded\nVolume\nTurnover\nSource: Zimbabwe Stock Exchange, 2016 \n \n \n \n3 \n \nMONETARY DEVELOPMENTS \nThe annual growth in money supply stood at \n16.87% in August 2016, reflecting a 2.03 \npercentage point increase from 14.84% recorded \nin July 2016. This was attributable to increases in \nthe following classes of deposits: demand, \n30.32%; savings, 11.62% and under 30-day, \n1.84%, respectively. Over 30-day deposits, \nhowever, recorded a decline of 0.79% during the \nsame period. Broad money was largely \ncomposed of deposits that are short term in \nnature, during the period under review. \n \nSource: Reserve Bank of Zimbabwe, 2016 \nIn terms of proportions, demand deposits \nconstituted 55.80% of total deposits; followed by \nover 30-days deposits, 18.95%; under 30-days \ndeposits, 12.92%; and savings deposits, 12.33%. \nOn a monthly basis, the growth in broad money \nsupply \nincreased \nby \n1.75%, \nfrom \nUS$5 \n138.0 \nmillion \nin \nJuly \n2016, \nto \nUS$5 227.8 million in August 2016. \n \n \nAnnual banking sector credit increased from \nUS$5 051.04 million in August 2015 to \nUS$5 800.72 million in August 2016. On a \nmonth-on-month basis, banking sector credit \ndeclined by 0.10%, from US$5 707.01 million \nrecorded in July 2016. \nCredit to the private sector declined by 7.12% to \nUS$3 487.63 million in August 2016, from \nUS$3 754.82 million in August 2015. This was a \nsixth consecutive year-on-year decline since \nMarch 2016. \nOn a month-on-month basis, credit to the private \nsector \ndecreased \nby \n0.02%, \nfrom \nUS$3 \n488.27 \nmillion \nin \nJuly \n2016 \nto \nUS$3 487.63 in August 2016. Developments on \nprivate sector continued to reflect cautionary \nlending \nby \nbanks, \nin \nan \nenvironment \ncharacterised by a slowdown in economic \nactivity. \n \nThe distribution of credit to the private sector \nwas as follows; loans and advances, 85.96%; \n-2\n0\n2\n4\n6\n8\n10\n12\n14\n16\n18\n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\nNov-13\nFeb-14\nMay-14\nAug-14\nNov-14\nFeb-15\nMay-15\nAug-15\nNov-15\nFeb-16\nMay-16\nAug-16\n%\nUS$ BILLIONS\nFigure 3: Money Supply\nFigure 3: Money Supply\nM3\nM3 Annual Growth rate\nUnder 30 \nDays\n12.9%\nOver 30 \nDays\n18.9%\nDemand\n55.8%\nsavings\n12.3%Figure 4: Bankin\nFigure 4: Banking Sector Deposits August 2016\nDeposits August 2016\nSource: Reserve Bank of Zimbabwe, 2016 \n \n \n \n4 \n \nmortgages, 9.98%; other investments, 2.74%; \nbankers \nacceptances, \n0.23%; \nand \nbills \ndiscounted, 0.10%. \n \nSource: Reserve Bank of Zimbabwe, 2016 \n \nThe sectoral distribution of private sector credit was \nas follows: households, 23.95%; agriculture, \n18.75%; \nservices, \n17.26%; \nmanufacturing, \n15.94%; distribution, 11.10%; mining, 5.25%; \nfinancial organisations and investments, 3.08%; \ntransport \nand \ncommunications, \n2.64%; \nconstruction, 1.63%; and other, 0.39%. \n \nPrivate sector credit was utilised for other \nrecurrent and working capital expenditures, \n34.08%; inventory build-up, 32.73%; consumer \ndurables, 15.94%; fixed capital investment, \n15.48%; and pre and post shipment financing, \n1.77%. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nThe annual headline inflation accelerated to \n-1.4% in August 2016, gaining 0.2 percentage \npoints on the -1.6% recorded in July 2016. The \nincrease in inflation was largely driven by both \nfood and non-food inflation. \n \n \nSource: ZIMSTAT, 2016 \nYear–on-year food inflation stood at -3.3% in \nAugust 2016, up from the -3.8% recorded in July \n2016. This was underpinned by increases in \nprices of sugar, jam, honey and confectioneries. \n \nAnnual non-food inflation also increased from \n-0.6% in July 2016 to -0.5% in August 2016, \nlargely attributable to increases in education as \nwell as restaurants and hotels. The increases \nLoans & Advances\n86.0%\nMortgages\n10.0%\nBills \nDiscounted\n0.1%\nBankers \nacceptances\n0.2%\nOther \ninvestments\n3.7%Figure 5: Distribution of Private \nFigure 5: Distribution of Private Sector Credit\nSector Credit\n-5\n-4\n-3\n-2\n-1\n0\n1\n2\nFigure 6: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n \n \n \n5 \n \nwere, however, partially offset by declines in \nfurniture, \nhousehold \nequipment \nand \nmaintenance, transport and energy. \n \nMonthly Inflation \n \n \nMonth-on-month inflation stood at -0.13% in \nAugust 2016, a 0.06 percentage points increase, \ncompared to the -0.19% recorded in July 2016. \nMonthly inflation was largely driven by \nincreases in food inflation. \n \nMonthly food inflation firmed from -0.52% in \nJuly 2016 to -0.31% in August 2016, on account \nof increases in prices of fish and sea food; milk, \ncheese and eggs; oils and fats; and fruits. The \nincreases were, however, partially offset by \ndeclines in bread and cereals; meat; and \nvegetables. \n \nNon-food inflation however, marginally declined \nfrom -0.03% in July 2016 to -0.04% in August \n2016. This followed declines in furniture and \nhousehold equipment; clothing and footwear; \nand transport, among others. The declines were \npartially \noffset \nby \nincreases \nin \nhealth; \ncommunication; and miscellaneous goods and \nservices. \n \nNATIONAL PAYMENTS SYSTEM \n \nTransactions processed through the National \nPayment \nSystem \n(NPS) \nstood \nat \nUS$6 359. 91 million in August 2016, up from \nUS$6 319.33 million in July 2016. \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through the \nRTGS system increased by 0.4% to US$3.93 \nbillion in August 2016, from US$3.91 billion \nrecorded in July 2016. RTGS transactions \nvolumes also registered a 5% increase from \n242 373 in July 2016 to 253 938 during the period \nunder review. \nSource: Reserve Bank of Zimbabwe, 2016 \n \nCash transactions \n \nCash transactions declined by 8%, from \nUS$531.45 \nmillion \nin \nJuly \n2016 \nto \nUS$ 491.19 million during the month of August \n2016. \nMobile and Internet Based Transactions \n \nThe total value of mobile and internet based \ntransactions closed the month of August 2016 at \nUS$766.01 million, from US$709.26 million in \nJuly 2016. \n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nAug-13\nDec-13\nApr-14\nAug-14\nDec-14\nApr-15\nAug-15\nDec-15\nApr-16\nAug-16\n -\n 50\n 100\n 150\n 200\n 250\n 300\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 7: ZE\nFigure 7: ZETSS Volumes and Values\nValues\nVolume\nValue\n \n \n \n6 \n \nCard Based Transactions \n \nCard based transactions also decreased from \nUS$406.35 \nmillion \nin \nJuly \n2016, \nto \nUS$403.95 million in August 2016. \n \nCheque Transactions \n \nThe value of cheque transactions declined by \n14%, to close the month under review at \nUS$7.9 million. \n \nRESERVE BANK OF ZIMBABWE \nOCTOBER 2016\n \n \n \n7 \n \n \nStatistical Tables \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 9 \n \n1.2 Broad Money Survey \n \n \n \n \n \n10 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n11 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n12 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 13 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n14 \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n15 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n16 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n17 \n \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n18 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n19 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n20 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n21 \n \n7.2 Liabilities \n \n \n \n \n \n \n22 \n \n \n \n \n8 \n \n \n8. Merchant Banks \n \n8.1 Assets \n \n \n \n \n \n \n \n23 \n \n8.2 Liabilities \n \n \n \n \n \n \n24 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n25 \n \n9.2 Liabilities \n \n \n \n \n \n \n26 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n27 \n \n11. Savings with Financial Institutions \n \n \n \n \n28 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n29 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n30 \n \n13.2 Volumes of Transactions \n \n \n \n \n31 \n \n \n \n \n \n \n \n \n \n \n9 \n \n \n \n \n \n \n \n \n \n \nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nFebruary\nMarch\nApril\nMay\nJune\nJuly\nAugust\nBond Coins\n3,016.3\n3,425.5\n4,445.3\n5,789.3\n7,127.0\n7,355.5\n7,457.3\n7,612.1\n7,758.5\n8,005.8\n8,106.8\n8,243.2\n8,854.6\nRBZ Demand Deposits\n3,480.3\n3,478.9\n3,485.7\n2,470.9\n726.0\n1,832.8\n2,086.4\n1,423.3\n5,061.6\n3,602.5\n3,701.2\n9,125.9\n4,363.6\nComm. Banks Dem. Deposits\n2,168,409.0\n2,166,471.3\n2,149,026.8\n2,358,226.5\n2,362,538.7\n2,430,098.0\n2,409,398.2\n2,510,951.1\n2,575,573.8\n2,644,003.9\n2,743,164.8\n2,690,977.0\n2,849,745.9\nMerchant Banks Dem. Deposits\n62,949.9\n62,157.8\n61,925.6\n58,750.3\n58,524.4\n58,511.7\n58,304.5\n58,315.0\n58,346.2\n58,364.1\n58,364.1\n58,350.7\n58,341.8\nM1\n2,237,855.5\n2,235,533.5\n2,218,883.4\n2,425,237.0\n2,428,916.0\n2,497,798.0\n2,477,246.4\n2,578,301.4\n2,646,740.1\n2,713,976.2\n2,813,336.8\n2,766,696.7\n2,921,305.9\nComm. Banks Savings Deposits\n227,534.6\n230,176.6\n231,465.3\n259,856.4\n266,166.6\n280,598.5\n291,567.7\n290,006.1\n299,136.9\n282,597.7\n270,213.2\n346,442.2\n289,814.6\nBuilding Soc. Savings Deposits\n277,271.4\n230,176.6\n294,208.3\n308,439.9\n296,041.8\n297,854.8\n305,980.4\n311,092.0\n317,629.3\n332,211.2\n313,154.7\n313,391.2\n278,711.3\nP O S B Savings Deposits\n71,554.2\n77,161.5\n73,380.5\n76,307.7\n72,505.8\n73,735.7\n73,847.9\n74,405.9\n80,067.6\n79,203.4\n79,502.7\n75,483.3\n74,820.4\nComm. Banks U-30 Day Deposits\n505,981.9\n613,287.8\n565,136.6\n565,317.5\n650,234.3\n597,527.6\n588,796.4\n506,719.1\n574,185.2\n674,068.8\n546,356.7\n552,519.8\n629,146.7\nMerchant Banks U-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. U- 30 Day Deposits\n156,077.5\n190,548.2\n144,911.8\n127,578.2\n165,352.5\n131,683.2\n123,683.2\n108,106.2\n171,635.9\n118,100.1\n134,140.9\n90,761.4\n45,096.0\nM2\n3,476,275.0\n3,576,884.3\n3,527,985.9\n3,762,736.7\n3,879,217.1\n3,879,197.9\n3,861,122.0\n3,868,630.7\n4,089,395.1\n4,200,157.3\n4,156,705.0\n4,145,294.6\n4,238,894.9\nComm. Banks O-30 Day Deposits\n622,991.6\n611,608.0\n628,213.7\n503,244.7\n420,265.1\n424,676.9\n449,879.1\n573,809.8\n519,330.5\n438,306.5\n554,032.6\n522,523.5\n458,749.8\nMerchant Banks O-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n340,974.7\n303,177.5\n409,350.0\n444,267.1\n432,822.3\n413,975.8\n421,729.2\n438,461.8\n361,565.5\n374,720.6\n390,530.0\n429,065.6\n488,344.9\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\nP O S B Time Deposits\n21,540.3\n24,019.0\n24,010.2\n23,668.6\n21,851.3\n25,326.6\n24,881.2\n24,640.9\n23,321.3\n26,430.9\n28,174.9\n29,891.3\n30,579.6\nM3\n4,473,048.2\n4,526,955.4\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\n5,140,709.1\n5,138,041.5\n5,227,835.9\nSource:Reserve Bank of Zimbabwe, 2016\n2015\n2016\nTABLE 1.1 : MONETARY AGGREGATES\n US$ thousands\n \n \n \n10 \n \n \n \nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nJULY\nAUGUST\nNET FOREIGN ASSETS \n-727,785.7\n-715,689.4\n-822,417.2\n-771,548.0\n-667,684.9\n-688,591.4\n-780,139.7\n-728,823.7\n-803,152.0\n-897,595.5\n-682,718.0\n-569,021.5\n-572,883.4\n Assets\n867,447.1\n889,018.6\n784,372.6\n667,350.7\n792,677.3\n758,634.6\n679,001.9\n687,149.8\n637,447.5\n623,538.1\n667,173.2\n663,489.3\n661,991.9\n Reserve Bank (RBZ)\n360,705.6\n360,255.9\n335,321.7\n300,180.5\n433,452.9\n424,269.1\n390,810.3\n334,552.7\n354,608.4\n407,381.8\n389,004.0\n380,890.0\n352,410.1\n Deposit Money Banks (DMBs) \n428,702.8\n448,219.8\n387,305.0\n310,522.6\n300,320.1\n302,773.5\n259,017.9\n318,832.0\n269,044.4\n200,060.3\n256,915.8\n267,266.8\n297,214.3\n Other Banking Institutions (OBIs) \n78,038.7\n80,542.9\n61,745.9\n56,647.6\n58,904.3\n31,592.0\n29,173.7\n33,765.2\n13,794.7\n16,096.0\n21,253.4\n15,332.5\n12,367.6\n Liabilities \\2\n-1,595,232.7\n-1,604,707.9\n-1,606,789.8\n-1,438,898.6\n-1,460,362.2\n-1,447,226.0\n-1,459,141.6\n-1,415,973.5\n-1,440,599.5\n-1,521,133.6\n-1,349,891.2\n-1,232,510.8\n-1,234,875.3\n RBZ\n1,056,817.9\n1,057,080.8\n1,069,972.4\n1,048,664.8\n1,096,800.8\n1,090,485.7\n1,117,823.6\n1,075,644.5\n1,117,787.5\n1,184,783.0\n1,042,014.2\n935,954.6\n944,035.4\n DMBs\n490,791.1\n504,085.0\n494,458.0\n347,787.2\n320,578.9\n313,434.2\n299,029.1\n303,288.3\n285,945.2\n300,200.0\n272,477.2\n260,900.2\n257,249.7\n OBIs\n47,623.8\n43,542.1\n42,359.5\n42,446.6\n42,982.5\n43,306.1\n42,288.9\n37,040.8\n36,866.8\n36,150.7\n35,399.8\n35,656.0\n33,590.3\nNET DOMESTIC ASSETS \n5,200,833.8\n5,301,713.1\n5,423,243.6\n5,516,731.6\n5,433,107.3\n5,443,035.2\n5,549,017.8\n5,645,633.4\n5,808,031.0\n5,948,477.4\n5,823,427.1\n5,707,063.0\n5,800,719.3\nDOMESTIC CREDIT\n5,029,107.1\n5,079,842.4\n5,196,662.7\n5,345,272.0\n5,535,396.4\n5,476,442.4\n5,489,962.3\n5,542,678.3\n5,623,621.7\n5,627,841.4\n5,719,589.2\n5,759,394.1\n5,753,421.7\n Claims on Government (net) \n1,192,006.7\n1,182,354.0\n1,253,218.7\n1,359,827.4\n1,564,354.7\n1,530,792.2\n1,671,934.4\n1,691,128.7\n1,804,057.3\n1,834,775.4\n1,948,003.0\n2,028,573.1\n2,026,952.7\n RBZ\n244,517.6\n254,297.8\n271,997.2\n314,096.4\n331,552.1\n355,230.5\n418,006.5\n446,003.9\n456,287.0\n468,433.1\n508,837.0\n552,972.5\n583,837.7\n DMBs\n860,228.9\n838,982.9\n890,154.0\n954,556.6\n1,119,720.1\n1,068,095.4\n1,153,295.1\n1,166,120.4\n1,226,195.8\n1,241,961.8\n1,305,509.6\n1,342,573.5\n1,320,529.8\n OBIs\n87,260.2\n89,073.3\n91,067.5\n91,174.4\n113,082.5\n107,466.4\n100,632.7\n79,004.4\n121,574.4\n124,380.4\n133,656.4\n133,027.1\n122,585.2\n Claims on Public Enterprises \n56,508.0\n54,523.7\n84,877.1\n83,806.0\n140,910.1\n145,507.6\n120,445.0\n179,370.7\n185,698.9\n197,207.6\n199,989.6\n242,550.6\n238,843.8\n RBZ\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n78,226.4\n91,056.2\n99,304.3\n138,657.6\n138,175.0\n DMBs\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n99,643.7\n102,872.2\n99,545.6\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n99,643.7\n102,872.2\n99,545.6\n OBIs\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n951.8\n904.0\n1,063.1\n1,041.6\n1,020.8\n1,123.2\n Claims on Private Sector\n3,780,592.5\n3,842,964.7\n3,858,567.0\n3,901,638.6\n3,830,131.6\n3,800,142.6\n3,697,582.8\n3,672,178.9\n3,633,865.5\n3,595,858.4\n3,571,596.6\n3,488,270.3\n3,487,625.2\n RBZ\n92,768.9\n67,359.3\n75,959.6\n77,442.5\n90,549.5\n93,049.5\n74,614.5\n56,342.7\n58,614.2\n58,864.7\n49,967.1\n50,177.0\n52,542.1\n DMBs\n2,875,477.3\n2,956,930.6\n2,950,844.9\n2,981,759.1\n2,874,287.6\n2,860,825.0\n2,773,512.1\n2,774,147.9\n2,736,322.0\n2,691,318.7\n2,681,469.9\n2,571,743.7\n2,572,338.2\n OBIs\n812,346.3\n818,674.8\n831,762.5\n842,437.0\n865,294.5\n846,268.2\n849,456.3\n841,688.3\n838,929.3\n845,675.0\n840,159.6\n866,349.6\n862,744.9\nOTHER ITEMS (NET) \n171,726.7\n221,870.7\n226,580.9\n171,459.6\n-102,289.2\n-33,407.2\n59,055.5\n102,955.1\n184,409.4\n320,636.1\n103,837.9\n-52,331.0\n47,297.6\nBROAD MONEY (M3) \n4,473,048.2\n4,586,023.7\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\n5,140,709.1\n5,138,041.5\n5,227,835.9\nSource:Reserve Bank of Zimbabwe, 2016\n1. Building societies and P. O. S. B.\n2. Sign reversal.\n2015\n2016\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ thousands\n \n \n \n11 \n \n \nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nJULY\nAUGUST\nNET FOREIGN ASSETS \n-4,012.9\n12,096.3\n-106,727.8\n50,869.2\n103,863.0\n-20,906.5\n-91,548.3\n51,316.0\n-74,328.3\n-94,443.6\n214,877.6\n113,696.5\n-3,862.0\n Assets\n23,757.8\n21,571.5\n-104,646.0\n-117,021.9\n125,326.6\n-34,042.7\n-79,632.7\n8,148.0\n-49,702.3\n-13,909.4\n43,635.1\n-3,683.9\n-1,497.4\n Reserve Bank (RBZ)\n-35,065.4\n-449.7\n-24,934.2\n-35,141.2\n133,272.4\n-9,183.8\n-33,458.8\n-56,257.6\n20,055.8\n52,773.4\n-18,377.7\n-8,114.0\n-28,479.9\n Deposit Money Banks (DMBs)\n67,185.1\n19,517.0\n-60,914.8\n-76,782.4\n-10,202.5\n2,453.4\n-43,755.6\n59,814.1\n-49,787.5\n-68,984.1\n56,855.5\n10,351.0\n29,947.5\n Other Banking Institutions (OBIs) \\1\n-8,361.9\n2,504.2\n-18,797.0\n-5,098.3\n2,256.7\n-27,312.3\n-2,418.3\n4,591.5\n-19,970.5\n2,301.3\n5,157.4\n-5,920.9\n-2,964.9\n Liabilities \\2\n-27,770.7\n-9,475.2\n-2,081.9\n167,891.2\n-21,463.6\n13,136.2\n-11,915.5\n43,168.1\n-24,626.0\n-80,534.1\n171,242.4\n117,380.4\n-2,364.5\n RBZ\n16,858.2\n262.9\n12,891.6\n-21,307.6\n48,136.0\n-6,315.1\n27,337.9\n-42,179.1\n42,143.1\n66,995.5\n-142,768.8\n-106,059.7\n8,080.8\n DMBs\n11,835.0\n13,293.9\n-9,627.0\n-146,670.7\n-27,208.4\n-7,144.6\n-14,405.1\n4,259.2\n-17,343.1\n14,254.8\n-27,722.8\n-11,577.0\n-3,650.5\n OBIs\n-922.5\n-4,081.6\n-1,182.7\n87.1\n535.9\n323.5\n-1,017.2\n-5,248.1\n-174.0\n-716.1\n-750.9\n256.2\n-2,065.7\nNET DOMESTIC ASSETS \\3\n3,100.7\n100,879.2\n121,530.5\n93,488.0\n-83,624.4\n9,928.0\n105,982.5\n96,615.7\n162,397.6\n140,446.4\n-125,050.3\n-116,364.1\n93,656.3\nDOMESTIC CREDIT\n47,595.6\n50,735.3\n116,820.4\n148,609.3\n190,124.4\n-58,954.0\n13,519.9\n52,716.0\n80,943.4\n4,219.7\n91,747.9\n39,804.8\n-5,972.4\n Claims on Government (net) \n31,961.9\n-9,652.6\n70,864.7\n106,608.7\n204,527.3\n-33,562.5\n141,142.2\n19,194.3\n112,928.5\n30,718.1\n113,227.7\n80,570.1\n-1,620.4\n RBZ\n1,434.7\n9,780.2\n17,699.4\n42,099.2\n17,455.7\n23,678.3\n62,776.1\n27,997.4\n10,283.1\n12,146.1\n40,403.9\n44,135.6\n30,865.2\n DMBs\n14,363.6\n-21,245.9\n51,171.1\n64,402.6\n165,163.5\n-51,624.8\n85,199.8\n12,825.3\n60,075.4\n15,766.0\n63,547.8\n37,063.9\n-22,043.8\n OBIs\n16,163.6\n1,813.1\n1,994.2\n106.9\n21,908.1\n-5,616.0\n-6,833.7\n-21,628.3\n42,570.0\n2,806.0\n9,276.0\n-629.3\n-10,441.9\n Claims on Public Enterprises \n7,866.2\n-1,984.3\n30,353.4\n-1,071.0\n57,104.1\n4,597.4\n-25,062.5\n58,925.6\n6,328.3\n11,508.7\n2,782.0\n42,561.0\n-3,706.9\n RBZ\n167.2\n325.0\n27,938.9\n12.5\n49,194.3\n-2,836.7\n-22,564.6\n16,188.3\n7,869.9\n12,829.8\n8,248.1\n39,353.3\n-482.6\n DMBs\n6,619.9\n-2,342.5\n2,560.3\n-843.4\n7,698.3\n7,645.6\n-2,520.4\n42,734.4\n-1,493.8\n-1,480.3\n-5,444.6\n3,228.5\n-3,326.6\n Agri-PEs\n-1,524.5\n-1,525.5\n-1,526.5\n-1,527.5\n-1,528.5\n-9,457.5\n-7,505.4\n-6,965.8\n-6,966.8\n-6,967.8\n-6,968.8\n-6,969.8\n-6,970.8\n Other\n8,144.4\n-816.9\n4,086.8\n684.1\n9,226.8\n17,103.1\n4,985.0\n49,700.2\n5,473.1\n5,487.6\n1,524.3\n10,198.3\n3,644.2\n OBIs\n1,079.1\n33.1\n-145.7\n-240.1\n211.5\n-211.5\n22.5\n3.0\n-47.9\n159.1\n-21.5\n-20.8\n102.4\n Claims on Private Sector\n7,767.5\n62,372.2\n15,602.3\n43,071.6\n-71,507.0\n-29,989.0\n-102,559.8\n-25,403.9\n-38,313.4\n-38,007.1\n-24,261.7\n-83,326.3\n-645.1\n RBZ\n26,046.5\n-25,409.6\n8,600.4\n1,482.9\n13,107.0\n2,500.0\n-18,435.0\n-18,271.7\n2,271.5\n250.4\n-8,897.6\n210.0\n2,365.0\n DMBs\n-34,680.2\n81,453.3\n-6,085.7\n30,914.2\n-107,471.5\n-13,462.6\n-87,312.9\n635.8\n-37,825.9\n-45,003.2\n-9,848.8\n-109,726.3\n594.5\n OBIs\n16,401.3\n6,328.5\n13,087.7\n10,674.5\n22,857.6\n-19,026.4\n3,188.1\n-7,768.0\n-2,759.0\n6,745.7\n-5,515.3\n26,190.0\n-3,604.7\nOTHER ITEMS (NET) \n-44,494.9\n50,144.0\n4,710.2\n-55,121.3\n-273,748.8\n68,882.0\n92,462.7\n43,899.6\n81,454.2\n136,226.7\n-216,798.2\n-156,168.9\n99,628.7\nBROAD MONEY (M3) \n-912.2\n112,975.5\n14,802.7\n144,357.2\n20,238.7\n-10,978.5\n14,434.3\n147,931.7\n88,069.3\n46,002.9\n89,827.2\n-2,667.6\n89,794.3\n Broad Money (M3) \n-0.02%\n2.53%\n0.32%\n3.14%\n0.43%\n-0.23%\n0.30%\n3.10%\n1.79%\n0.92%\n1.78%\n-0.05%\n1.75%\n Domestic Credit \n0.96%\n1.01%\n2.30%\n2.86%\n3.56%\n-1.07%\n0.25%\n0.96%\n1.46%\n0.08%\n1.63%\n0.70%\n-0.10%\n Claims on Private Sector\n0.21%\n1.65%\n0.41%\n1.12%\n-1.83%\n-0.78%\n-2.70%\n-0.69%\n-1.04%\n-1.05%\n-0.67%\n-2.33%\n-0.02%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\n2015\n2016\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ thousands\n \n \n \n12 \n \n \n \nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nJULY\nAUGUST\nNET FOREIGN ASSETS \n-100,052.1\n-179,455.4\n-223,571.1\n-3,723.5\n51,716.5\n25,599.2\n-16,833.2\n-162,864.4\n-167,123.9\n-216,529.0\n92,794.6\n154,751.3\n154,902.2\n Assets\n-212,180.1\n-216,884.3\n-214,670.1\n-160,163.5\n-103,502.5\n-72,324.8\n-58,831.6\n-128,929.8\n-118,045.9\n-187,662.4\n-259,180.5\n-180,199.9\n-205,455.2\n Reserve Bank (RBZ)\n-50,976.1\n-260,229.1\n-172,834.3\n-34,353.8\n70,271.8\n67,607.2\n109,920.3\n52,382.6\n71,707.8\n104,163.2\n-64,982.0\n-14,881.0\n-8,295.5\n Deposit Money Banks (DMBs)\n-175,757.2\n33,238.4\n-45,036.0\n-106,467.2\n-162,792.6\n-103,107.2\n-141,455.7\n-150,731.3\n-155,323.7\n-218,661.6\n-133,692.5\n-94,250.8\n-131,488.5\n Other Banking Institutions (OBIs) \\1\n14,553.2\n10,106.4\n3,200.1\n-19,342.5\n-10,981.7\n-36,824.9\n-27,296.3\n-30,581.0\n-34,430.0\n-73,164.0\n-60,506.0\n-71,068.1\n-65,671.1\n Liabilities \\2\n112,128.0\n37,428.9\n-8,901.0\n156,440.0\n155,218.9\n97,924.0\n41,998.4\n-33,934.6\n-49,078.0\n-28,866.7\n351,975.1\n334,951.2\n360,357.4\n RBZ\n-60,845.6\n19,340.3\n34,361.2\n18,611.0\n75,864.3\n83,389.7\n108,661.8\n217,549.1\n223,580.0\n315,851.6\n-51,292.1\n-104,005.1\n-112,782.5\n DMBs\n-63,177.9\n-46,073.7\n-13,602.2\n-162,923.9\n-219,844.2\n-170,029.2\n-139,327.3\n-169,893.9\n-163,052.9\n-274,592.8\n-287,828.7\n-218,055.8\n-233,541.4\n OBIs\n11,895.4\n-10,695.4\n-11,858.0\n-12,127.1\n-11,239.0\n-11,284.5\n-11,332.9\n-13,720.6\n-11,449.1\n-12,392.1\n-12,854.3\n-12,890.3\n-14,033.5\nNET DOMESTIC ASSETS \\3\n251,024.5\n376,976.5\n367,137.9\n333,441.6\n310,287.2\n388,719.3\n447,824.3\n709,354.1\n733,158.4\n779,443.5\n503,904.7\n509,329.9\n599,885.4\nDOMESTIC CREDIT\n794,638.6\n812,660.2\n865,327.7\n992,339.8\n1,156,742.8\n1,244,947.0\n1,240,909.9\n1,171,650.7\n1,093,844.4\n809,966.1\n850,516.8\n777,882.6\n724,314.5\n Claims on Government (net) \n754,533.2\n739,918.1\n782,714.1\n897,401.8\n1,048,718.3\n986,766.1\n1,122,755.2\n1,153,453.4\n1,138,798.4\n884,181.4\n873,765.5\n868,528.4\n834,946.0\n RBZ\n270,492.4\n290,213.2\n286,430.3\n328,127.9\n356,615.8\n367,824.5\n430,914.6\n468,278.0\n357,909.4\n370,585.4\n417,029.5\n309,889.6\n339,320.1\n DMBs\n448,362.7\n412,213.7\n457,069.2\n511,078.6\n631,757.3\n563,398.7\n643,214.9\n665,775.9\n727,359.2\n457,533.3\n401,397.3\n496,708.2\n460,300.9\n OBIs\n35,678.2\n37,491.3\n39,214.6\n58,195.3\n60,345.2\n55,543.0\n48,625.8\n19,399.5\n53,529.8\n56,062.7\n55,338.7\n61,930.5\n35,325.0\n Claims on Public Enterprises \n-13,816.8\n-17,867.0\n12,502.1\n17,145.1\n74,160.0\n80,539.8\n51,500.7\n107,827.5\n83,224.6\n92,901.3\n146,841.4\n193,908.8\n182,335.8\n RBZ\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n77,489.1\n89,969.1\n98,115.2\n136,726.1\n136,076.3\n DMBs\n-17,194.6\n-21,602.9\n-19,027.0\n-14,156.5\n-6,547.4\n2,880.7\n-3,616.3\n38,245.6\n5,825.7\n2,652.3\n48,389.8\n56,361.9\n46,415.4\n Agri-PEs\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n-1,518.5\n-1,519.5\n-1,520.5\n-1,521.5\n-1,522.5\n-1,523.5\n-1,524.5\n-1,525.5\n Other\n-15,680.0\n-20,087.4\n-17,511.5\n-12,639.9\n-5,029.8\n4,399.2\n-2,096.7\n39,766.1\n7,347.3\n4,174.9\n49,913.3\n57,886.4\n47,940.9\n OBIs\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n-774.5\n-90.2\n279.9\n336.4\n820.8\n-155.9\n Claims on Private Sector\n53,922.1\n90,609.0\n70,111.5\n77,793.0\n33,864.5\n177,641.0\n66,654.0\n-89,630.2\n-128,178.6\n-167,116.6\n-170,090.0\n-284,554.6\n-292,967.3\n RBZ\n58,043.6\n32,634.0\n41,234.4\n42,717.2\n55,824.2\n58,324.2\n39,889.2\n24,933.7\n27,056.2\n27,709.1\n-1,722.7\n-16,545.4\n-40,226.8\n DMBs\n-141,232.5\n-64,459.1\n-65,906.0\n-55,036.1\n-135,814.0\n25,822.4\n-50,903.8\n-186,744.5\n-212,671.7\n-269,599.0\n-219,160.2\n-338,413.9\n-303,139.1\n OBIs\n137,110.9\n122,434.1\n94,783.1\n90,111.8\n113,854.3\n93,494.4\n77,668.6\n72,180.6\n57,436.9\n74,773.4\n50,792.9\n70,404.6\n50,398.7\nOTHER ITEMS (NET) \n-543,614.1\n-435,683.7\n-498,189.8\n-658,898.2\n-846,455.6\n-856,227.7\n-793,085.7\n-462,296.6\n-360,686.0\n-30,522.6\n-346,612.1\n-268,552.7\n-124,429.1\nBROAD MONEY (M3) \n150,972.4\n197,521.1\n143,566.8\n329,718.1\n362,003.6\n414,318.5\n430,991.1\n546,489.7\n566,034.5\n562,914.4\n596,699.4\n664,081.2\n754,787.7\nGROWTH RATES\n Broad Money (M3) \n3.5%\n4.5%\n3.2%\n7.5%\n8.2%\n9.5%\n9.9%\n12.5%\n12.8%\n12.5%\n13.1%\n14.8%\n16.9%\n Domestic Credit \n18.8%\n19.0%\n20.0%\n22.8%\n26.4%\n29.4%\n29.2%\n26.8%\n24.1%\n16.8%\n17.5%\n15.6%\n14.4%\n Claims on Private Sector\n1.4%\n2.4%\n1.9%\n2.0%\n0.9%\n4.9%\n1.8%\n-2.4%\n-3.4%\n-4.4%\n-4.5%\n-7.5%\n-7.7%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\nUS$ thousands\n2015\n2016\n \n \n \n13 \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nFeb\n538,722.0\n42,062.8\n47,395.1\n446,647.8\n21,790.0\n117,681.6\n461,237.6\n214,420.4\n463,884.6\n48,357.0\n544,838.5\n1,416.2\n2,948,453.6\nMar\n549,118.0\n42,010.1\n44,087.2\n448,278.7\n76,302.3\n110,180.3\n473,978.1\n203,327.9\n466,104.7\n48,938.0\n550,140.6\n1,339.6\n3,013,805.6\nApr\n556,457.4\n30,687.3\n44,546.9\n451,852.9\n65,696.1\n72,653.7\n457,797.1\n202,418.2\n518,353.6\n47,653.8\n551,662.8\n990.1\n3,000,770.0\nMay\n577,258.6\n31,400.7\n44,839.1\n456,652.1\n64,792.3\n75,682.2\n460,700.3\n192,377.2\n545,363.4\n50,061.9\n561,058.3\n1,034.4\n3,061,220.5\nJun\n576,485.1\n29,649.0\n56,936.5\n463,750.7\n20,117.9\n91,678.4\n407,949.0\n181,512.7\n512,108.4\n40,839.7\n590,917.1\n965.9\n2,972,910.2\nJul\n589,866.7\n27,447.9\n56,456.1\n474,568.7\n21,025.9\n92,335.6\n418,612.0\n186,238.8\n416,928.9\n41,201.6\n579,629.0\n941.4\n2,905,252.7\nAug\n580,775.3\n28,148.8\n58,618.6\n460,451.4\n22,509.2\n105,466.9\n411,831.6\n176,732.7\n440,470.4\n41,154.5\n571,926.0\n886.9\n2,898,972.1\nSep\n598,429.9\n28,307.9\n59,213.0\n443,604.1\n22,711.9\n102,015.0\n421,228.0\n174,144.2\n467,804.5\n43,051.0\n569,250.1\n929.5\n2,930,689.0\nOct\n609,537.2\n33,868.4\n53,813.7\n466,727.6\n21,566.0\n104,959.3\n447,136.6\n141,401.6\n484,254.8\n40,156.6\n573,330.4\n907.7\n2,977,660.0\nNov\n650,547.2\n28,696.7\n49,784.9\n440,864.2\n12,868.9\n104,288.1\n428,393.1\n152,136.9\n444,207.8\n40,760.5\n543,920.4\n696.2\n2,897,164.8\nDec\n590,610.6\n30,958.8\n44,706.5\n366,799.2\n13,354.6\n87,897.5\n450,208.5\n163,452.9\n475,424.5\n40,154.3\n518,998.3\n527.5\n2,783,093.0\n2016\nJan\n577,684.4\n35,033.6\n35,535.9\n379,618.2\n13,329.2\n68,325.8\n476,677.0\n158,150.5\n410,992.6\n40,295.6\n535,379.3\n380.2\n2,731,402.2\nFeb\n539,562.8\n35,885.1\n37,857.4\n374,835.1\n13,285.9\n63,301.8\n473,970.3\n155,889.4\n415,520.6\n40,862.5\n531,789.5\n365.3\n2,683,125.7\nMar\n586,349.7\n39,180.5\n41,037.5\n371,809.6\n13,397.9\n63,061.4\n444,769.1\n156,209.2\n402,900.5\n44,606.7\n588,882.7\n410.7\n2,752,615.5\nApr\n527,545.8\n46,612.5\n40,624.2\n379,572.0\n13,428.1\n69,469.7\n437,795.4\n142,682.1\n421,335.6\n43,921.4\n645,037.3\n9,410.0\n2,777,434.0\nMay\n522,239.8\n40,194.4\n38,496.8\n358,042.5\n13,280.8\n65,381.2\n439,295.5\n145,180.0\n401,304.1\n41,908.5\n651,719.3\n9,579.0\n2,726,621.9\nJun\n510,016.8\n39,316.9\n36,866.1\n361,138.1\n12,764.5\n68,850.3\n433,145.3\n143,595.6\n476,484.5\n42,179.6\n650,071.4\n9,739.2\n2,784,168.3\nJul\n501,744.6\n43,266.6\n12,746.6\n287,960.5\n11,403.0\n64,344.7\n423,354.4\n141,639.6\n489,050.6\n40,059.9\n652,366.8\n9,804.6\n2,677,741.9\nAug\n498,489.6\n43,265.5\n26,005.4\n295,108.0\n11,957.4\n69,959.8\n423,824.7\n139,556.7\n458,763.3\n44,237.3\n636,726.8\n10,497.1\n2,658,391.5\nSource:Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nUS$ thousands\n \n \n \n14 \n \n \n \n \n \nEND OF\nAGRICULTURE CONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2015\nJan\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\nFeb\n151,740.1\n63,112.6\n109,807.6\n370,581.8\n314,944.7\n784,737.6\n309,307.9\n120,255.1\n1,028,160.1\n43,112.0\n606,650.6\n78,891.2\n3,981,301.2\nMar\n199,484.8\n63,709.2\n116,397.4\n378,460.0\n351,448.0\n762,380.7\n373,911.9\n99,744.6\n912,654.4\n42,478.9\n644,951.3\n72,605.2\n4,018,226.6\nApr\n186,896.3\n65,974.0\n130,284.9\n380,884.8\n330,001.9\n799,952.4\n373,648.3\n109,735.0\n944,772.9\n44,964.9\n653,801.0\n75,850.9\n4,096,767.2\nMay\n185,803.2\n73,167.5\n111,512.1\n523,774.7\n299,659.2\n801,335.5\n419,453.7\n113,355.0\n1,041,392.8\n50,057.9\n619,767.9\n71,388.8\n4,310,668.3\nJun\n187,657.0\n76,777.8\n109,336.0\n498,031.3\n304,087.2\n877,042.8\n338,069.8\n67,556.6\n1,131,497.1\n43,949.0\n651,072.8\n72,166.9\n4,357,244.2\nJul\n180,261.3\n80,536.4\n106,645.3\n452,744.1\n295,611.1\n911,363.8\n360,746.5\n88,518.4\n971,759.9\n53,101.6\n647,215.1\n70,618.8\n4,219,122.4\nAug\n168,075.2\n86,038.9\n108,477.7\n472,875.1\n335,158.3\n784,616.6\n401,830.1\n76,647.0\n1,042,260.4\n55,455.9\n657,177.1\n51,922.5\n4,240,535.0\nSep\n197,641.5\n85,842.6\n112,415.3\n462,925.6\n349,564.2\n831,813.0\n379,121.4\n71,090.0\n1,033,106.7\n53,348.1\n676,308.0\n55,759.2\n4,308,935.5\nOct\n219,922.3\n85,382.0\n116,874.4\n447,200.7\n331,543.6\n821,640.8\n378,568.5\n68,298.7\n1,100,719.7\n55,846.7\n648,757.5\n67,353.2\n4,342,108.3\nNov\n212,806.1\n85,815.7\n98,468.4\n465,089.7\n334,835.6\n846,959.0\n363,754.4\n71,866.2\n1,074,141.8\n56,110.3\n665,421.1\n64,630.3\n4,339,898.7\nDec\n196,092.9\n88,273.0\n102,636.9\n518,411.4\n336,909.2\n864,491.7\n307,845.0\n63,337.5\n1,163,771.1\n57,410.5\n639,985.6\n66,435.7\n4,405,600.5\n2016\nJan\n231,827.3\n101,724.1\n93,544.2\n517,089.2\n325,203.1\n977,272.1\n345,812.2\n62,026.3\n1,083,702.7\n61,755.6\n618,080.1\n58,808.7\n4,476,845.6\nFeb\n226,568.3\n105,747.9\n97,684.4\n525,070.9\n339,839.0\n896,869.2\n326,026.0\n59,381.3\n1,047,904.6\n63,248.3\n634,478.3\n63,017.8\n4,385,835.9\nMar\n243,546.9\n102,238.4\n116,471.1\n582,943.5\n362,058.8\n879,340.8\n368,689.6\n60,514.0\n402,900.5\n62,839.4\n642,779.4\n61,037.6\n4,556,027.1\nApr\n243,151.6\n102,234.0\n112,219.5\n569,660.7\n360,299.5\n907,855.6\n335,068.6\n71,721.0\n1,156,122.6\n63,858.0\n628,901.1\n61,087.0\n4,612,179.4\nMay\n236,180.5\n97,008.6\n120,726.3\n593,284.9\n371,034.5\n923,580.9\n356,500.9\n99,176.4\n1,107,956.8\n61,396.5\n607,501.4\n64,066.3\n4,638,413.9\nJun\n218,386.8\n103,914.2\n134,181.8\n596,904.8\n362,400.2\n973,333.3\n316,490.8\n58,856.9\n1,128,688.7\n72,063.3\n601,813.8\n61,833.2\n4,628,867.8\nJul\n207,280.2\n99,727.9\n138,781.2\n616,359.8\n348,779.7\n1,035,697.0\n370,456.9\n63,986.1\n1,114,413.7\n65,391.9\n622,329.2\n69,058.9\n4,752,262.6\nAug\n233,004.5\n97,248.8\n153,590.8\n578,487.3\n365,366.8\n997,123.0\n356,522.0\n64,413.7\n1,227,979.0\n67,005.8\n621,307.8\n73,076.2\n4,835,125.8\nSource: Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ thousands\n \n \n \n15 \n \nEnd Period\n1999\n2000\n2001\n2002\n2003\n2004\n2005\n2006\n2007\n2008\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n(US$ millions)\nLong-Term External Debt\n3,530\n3,227\n3,255\n3,327\n3,644\n3,927\n3,805\n3,965\n4,032\n4,464\n4,951\n5,175\n6,096\n6,607\n7,370\n8,444\n8,426\nGovernment\n2,461\n2,249\n2,328\n2,376\n2,617\n2,844\n2,895\n3,024\n3,054\n3,464\n4,037\n4,095\n4,638\n4,929\n5,012\n4,522\n5,293\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\n3,310\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\n1,982\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n543\n534\n568\n616\n698\n714\n709\n766\n790\n825\n857\n938\n1,092\n1,198\n1,356\n1,661\n1,220\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\n760\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\n460\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nPrivate\n162\n152\n67\n56\n41\n78\n57\n45\n51\n35\n57\n142\n366\n480\n1,002\n2,261\n1,913\nShort-Term External Debt\n532\n298\n167\n183\n169\n144\n173\n281\n387\n226\n1,198\n1,382\n1,289\n890\n1,564\n2,394\n2,258\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\n587\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\n1,671\nTotal External Debt\n4,062\n3,525\n3,422\n3,510\n3,812\n4,071\n3,978\n4,246\n4,419\n4,690\n6,149\n6,557\n7,385\n7,497\n8,934\n10,838\n10,684\nSource: Ministry of Finance & Economic Development, 2016; & Reserve Bank of Zimbabwe, 2016\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \n \n16 \n \n \nEnd Period\nNominal Lending Rates2\nIndividuals \nCorporate\n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \nFeb\n4.30-33.50\n14.00 \n9.73 \nMar\n4.30-33.50\n13.24 \n8.75 \nApr\n4.30-31.00\n12.71 \n8.84 \nMay\n5.00-31.00\n12.74 \n8.79 \nJun\n5.00-31.00\n11.94 \n8.42 \nJul\n5.00-31.00\n11.86 \n8.56 \nAug\n4.30-26.00\n11.96 \n8.51 \nSep\n4.30-25.00\n11.81 \n8.47 \nOct\n4.00-18.00\n10.98 \n7.28 \nNov\n4.00-16.25\n12.20 \n7.67 \nDec\n6.00-16.00\n11.99 \n7.57 \n2016 \nJan\n6.00-22.00\n12.08 \n7.38 \nFeb\n4.00-22.00\n11.48 \n7.29 \nMar\n4.00-22.00\n11.44 \n7.16 \nApr\n4.00-22.00\n11.50 \n7.20 \nMay\n4.00-18.00\n11.43 \n7.35 \nJun\n4.00-18.00\n11.40 \n7.48 \nJul\n4.00-18.00\n10.69 \n6.79 \nAug\n4.00-18.00\n10.67 \n6.84 \nSource:Reserve Bank of Zimbabwe, 2016\nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates 3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \n \n17 \n \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2015 \nJan\n0.15-8.00\n3.00-17.00\nFeb\n0.50-12.00\n1.00-17.00\nMar\n0.50-12.00\n1.00-17.00\nApr\n0.30-8.00\n1.00-17.00\nMay\n0.30-8.00\n1.00-17.00\nJun\n0.30-8.00\n1.00-17.00\nJul\n0.30-8.00\n1.00-15.00\nAug\n0.30-8.00\n1.00-15.00\nSep\n0.30-8.00\n1.00-16.00\nOct\n0.50-8.00\n1.00-17.00\nNov\n0.75-8.00\n1.00-17.00\nDec\n0.50-8.00\n0.75-17.00\n2016 \nJan\n0.50-8.00\n0.75-17.00\nFeb\n0.50-8.00\n0.75-17.00\nMar\n0.50-8.00\n0.75-17.00\nApr\n0.50-8.00\n0.75-17.00\nMay\n0.50-8.00\n0.75-17.00\nJun\n0.50-6.00\n0.75-17.00\nJul\n0.50-6.00\n0.75-17.00\nAug\n0.50-6.00\n1.00-17.00\n Source:Reserve Bank of Zimbabwe, 2016\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \n \n18 \n \n \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION \n&\nEDUCATION\nRESTAURANTS \n&\nMISC.\nTOTAL NON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015 \nJan\n-0.04\n-0.01\n0.08\n0.07\n0.06\n-0.97\n-13.41\n0.02\n-0.08\n-0.48\n0.30\n-0.69\n0.40\n-0.34\nFeb\n0.25\n-0.35\n-0.09\n-0.11\n-0.02\n-0.41\n-0.10\n-0.17\n0.00\n-0.28\n0.10\n-0.13\n0.05\n-0.07\nMar\n0.12\n-0.27\n-0.06\n-0.02\n-0.05\n0.02\n0.00\n0.03\n0.00\n0.12\n0.10\n-0.03\n-0.03\n-0.03\nApr\n-0.63\n-0.01\n-0.71\n-3.35\n-0.46\n-0.05\n-0.15\n-0.13\n-0.07\n0.59\n0.41\n-0.04\n-1.01\n-0.89\nMay\n-0.17\n-0.41\n0.18\n-0.25\n0.10\n-0.25\n-0.02\n-0.11\n0.00\n-0.08\n-0.44\n-0.10\n-0.37\n-0.19\nJun\n0.36\n-0.06\n-0.02\n-0.07\n-0.17\n0.06\n0.01\n-0.09\n0.00\n-0.07\n0.11\n0.01\n-0.45\n-0.14\nJul\n-0.08\n0.05\n-0.56\n-0.82\n0.15\n-0.09\n-0.02\n-0.14\n7.48\n-0.02\n0.03\n0.47\n-0.81\n0.06\nAug\n-0.27\n-0.01\n0.02\n-0.14\n-0.04\n-0.29\n-0.06\n-0.26\n0.00\n-0.14\n-0.09\n-0.10\n-0.75\n-0.36\nSep\n-0.05\n0.00\n-0.62\n-0.52\n0.04\n-0.42\n-0.38\n-0.01\n0.00\n1.28\n-0.30\n-0.31\n-0.47\n-0.36\nOct\n-0.43\n-0.31\n-0.08\n-0.32\n0.61\n-0.47\n0.02\n-0.14\n0.00\n-0.18\n0.12\n-0.17\n-0.53\n-0.29\nNov\n-0.15\n-0.19\n-0.01\n-0.24\n0.00\n-0.08\n-0.23\n-0.02\n2.83\n-0.03\n-0.02\n0.22\n0.04\n0.16\nDec\n-0.41\n-0.15\n0.18\n-0.07\n-0.06\n-0.25\n-0.03\n0.09\n0.00\n-0.07\n-0.30\n-0.06\n-0.21\n-0.11\n2016 \nJan\n0.05\n-0.02\n-0.04\n-0.30\n-0.15\n-0.37\n0.00\n-0.18\n0.00\n-0.16\n-0.29\n-0.13\n0.13\n-0.05\nFeb\n-0.14\n0.00\n-0.12\n-0.19\n-0.17\n-0.37\n-0.13\n-0.01\n0.00\n-0.17\n0.06\n-0.14\n-0.03\n-0.10\nMar\n-0.15\n-0.17\n-1.03\n-0.73\n-0.13\n-0.30\n0.42\n-0.04\n3.36\n-0.62\n-0.60\n-0.11\n-0.13\n-0.12\nApr\n0.03\n-0.14\n-0.02\n-0.32\n0.00\n0.07\n-0.08\n-0.02\n-0.01\n-0.09\n-0.35\n-0.08\n-0.51\n-0.21\nMay\n-0.29\n-0.22\n0.12\n-0.11\n-0.18\n-0.11\n-1.61\n0.06\n0.00\n0.02\n-0.33\n-0.12\n-0.49\n-0.24\nJun\n0.07\n-0.21\n0.58\n0.03\n0.15\n-0.08\n-0.01\n-0.23\n2.65\n0.31\n0.09\n0.44\n-0.35\n0.19\nJul\n0.01\n-0.15\n0.04\n0.05\n-0.15\n-0.03\n-0.36\n0.09\n0.00\n0.04\n-0.30\n-0.03\n-0.52\n-0.19\nAug\n-0.06\n-0.22\n0.00\n-0.03\n-0.02\n-0.13\n-0.02\n-0.10\n0.00\n0.01\n0.13\n-0.04\n-0.31\n-0.13\nSource:Zimstat, 2016\nNON-FOOD INFLATION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \n \n19 \n \n \nFOOD \nIN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHOU S IN G, \nWA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A TION\nR EC R EA TION \n&\nED U C A TION\nR ES TA U R A N TS \n&\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\n& FOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON \nA LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\n2015\nJan\n0.47\n0.00\n-0.16\n-1.86\n1.21\n0.19\n-13.69\n-0.44\n4.35\n-2.16\n-1.82\n-0.57\n-2.74\n-1.28\nFeb\n0.73\n-0.25\n-0.14\n-1.88\n1.10\n-0.30\n-13.78\n-0.57\n4.11\n-2.36\n-1.80\n-0.68\n-2.87\n-1.40\nMar\n0.90\n-0.46\n0.62\n-1.78\n1.03\n-0.28\n-13.78\n-0.54\n4.11\n-2.26\n-1.41\n-0.44\n-2.77\n-1.20\nApr\n-2.93\n0.59\n-1.07\n-2.62\n-1.50\n0.81\n-0.76\n-13.88\n-0.95\n-7.02\n-0.84\n-1.41\n-2.51\n-2.65\nMay\n0.31\n-1.37\n-2.39\n-1.45\n0.92\n-1.23\n-13.87\n-0.86\n-7.09\n-0.79\n-1.42\n-2.56\n-3.00\n-2.70\nJun\n0.72\n-1.54\n-2.41\n-1.58\n0.45\n-1.14\n0.00\n-0.87\n-7.09\n-0.75\n-1.38\n-2.57\n-3.32\n-2.81\nJul\n0.74\n-1.61\n-3.24\n-2.37\n0.50\n-1.12\n-13.77\n-0.93\n-1.90\n-1.61\n-0.99\n-2.35\n-3.65\n-2.77\nAug\n0.61\n-1.53\n-3.22\n-2.37\n0.42\n-1.67\n-13.77\n-1.11\n-1.88\n-1.78\n0.13\n-2.38\n-3.59\n-2.77\nSep\n0.47\n-1.67\n-4.25\n-2.62\n0.25\n-2.45\n-14.05\n-0.99\n-1.88\n-0.12\n-0.28\n-2.83\n-3.72\n-3.11\nOct\n-0.12\n-2.04\n-4.33\n-2.80\n0.86\n-2.64\n-13.98\n-1.09\n-1.89\n-0.32\n-0.20\n-2.95\n-4.00\n-3.29\nNov\n-0.45\n-2.35\n-4.32\n-2.94\n0.77\n-2.81\n-14.19\n-1.14\n11.08\n0.28\n-0.27\n-1.80\n-3.85\n-2.46\nDec\n-0.88\n-2.39\n-4.29\n-2.91\n0.57\n-3.24\n-14.22\n-0.89\n11.08\n0.43\n-0.42\n-1.89\n-3.71\n-2.47\n2016\nJan\n-0.79\n-2.41\n-4.40\n-3.27\n0.37\n-2.66\n-0.93\n-1.09\n11.17\n0.75\n-1.01\n-1.34\n-3.96\n-2.19\nFeb\n-1.16\n-2.06\n-4.43\n-3.35\n0.22\n-2.62\n-0.97\n0.21\n11.17\n0.96\n-1.17\n-1.35\n-4.04\n-2.22\nMar\n-1.43\n-1.97\n-5.36\n-4.04\n0.14\n-2.92\n-0.55\n-1.00\n14.91\n0.21\n-1.86\n-1.43\n-4.13\n-2.31\nApr\n-1.40\n-1.40\n-2.11\n-3.91\n0.19\n-2.71\n-0.50\n-0.95\n14.21\n-0.28\n-2.17\n-0.51\n-4.02\n-1.64\nMay\n-1.52\n-1.21\n-2.17\n-3.77\n-0.10\n-2.57\n-2.09\n-0.78\n14.21\n-0.18\n-2.07\n-0.53\n-4.13\n-1.69\nJun\n-1.80\n-1.36\n-1.58\n-3.67\n0.21\n-2.71\n-2.10\n-0.92\n17.24\n0.20\n-2.09\n-0.09\n-4.04\n-1.37\nJul\n-1.71\n-1.56\n-0.98\n-2.83\n-0.09\n-2.66\n-2.43\n-0.69\n9.09\n0.27\n-2.42\n-0.59\n-3.76\n-1.60\nAug\n-1.50\n-1.77\n-1.01\n-2.73\n-0.07\n-2.50\n-2.39\n-0.54\n9.09\n0.42\n-2.21\n-0.54\n-3.34\n-1.43\nSource: Zimstat, 2016\nN ON - FOOD IN FLA TION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \n \n20 \n \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2015\nJAN\n11.5530\n9.6108\n117.8500\n1.1334\n1.5081\nFEB\n11.5530\n9.6108\n119.1700\n1.1200\n1.5400\nMAR\n12.1600\n9.9600\n120.1900\n1.0790\n1.4771\nAPR\n11.8200\n9.7400\n118.6000\n1.1100\n1.5400\nMAY\n12.1338\n9.7561\n123.8650\n1.0947\n1.5300\nJUNE\n12.2600\n9.9200\n122.3100\n1.1191\n1.5723\nJULY\n12.7100\n10.6700\n124.0300\n1.0941\n1.5601\nAUG\n13.3100\n10.2000\n121.1100\n1.1247\n1.5427\nSEPT\n13.9000\n10.5500\n119.9400\n1.1245\n1.5385\nOCT\n13.8500\n10.4700\n121.1500\n1.0981\n1.5400\nNOV\n14.3958\n10.6952\n122.7250\n1.0589\n1.5315\nDEC\n15.5600\n11.0990\n120.4200\n1.0929\n1.4925\n2016\nJAN\n16.0900\n11.4300\n120.5500\n1.0905\n1.4493\nFEB\n16.1100\n11.2700\n113.0300\n1.0990\n1.3880\nMAR\n15.4500\n11.1000\n112.9500\n1.1100\n1.4200\nAPR\n14.6200\n10.7575\n109.6825\n1.1340\n1.4306\nMAY\n15.3200\n10.9800\n108.9323\n1.1340\n1.4522\nJUN\n14.8834\n10.9349\n102.6700\n1.1095\n1.3397\nJUL\n14.4277\n10.7892\n103.9398\n1.1069\n1.3180\nAUG\n13.7656\n9.4521\n101.2190\n1.0960\n1.2280\nSource: Reserve Bank of Zimbabwe, 2016\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n1. Foreign currency per US Dollar.\n2. US Dollar per unit of foreign currency.\n \n \n \n21 \n \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nBond\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\nCoins\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.6\n222.5\n527.9\n159.0\n182.6\n163.6\n325.7\n0.0\n1,581.9\n \n21.4\n2,796.76\n \n557.7\n360.2\n366.1\n5,684.2\n \n Feb\n0.4\n216.7\n501.2\n149.6\n183.2\n128.6\n344.6\n0.0\n1,524.2\n \n17.9\n2,792.50\n \n564.8\n325.3\n356.8\n5,581.5\n \n Mar\n0.6\n246.9\n461.4\n147.8\n222.2\n121.6\n338.0\n5.4\n1,543.8\n \n15.5\n2,925.46\n \n527.3\n352.5\n362.0\n5,726.6\n \n Apr\n0.7\n205.5\n492.8\n158.6\n218.5\n112.0\n335.1\n5.4\n1,528.6\n \n18.2\n2,967.13\n \n527.1\n364.2\n385.4\n5,790.7\n \n May\n0.7\n237.3\n495.6\n135.1\n181.0\n101.4\n622.7\n5.5\n1,779.2\n \n18.2\n2,922.70\n \n525.7\n434.2\n384.3\n6,064.3\n \n Jun\n0.8\n245.7\n570.9\n155.1\n144.7\n90.8\n750.1\n4.4\n1,962.4\n \n28.8\n2,872.55\n \n498.4\n351.0\n386.2\n6,099.4\n \n Jul\n0.9\n226.0\n544.9\n137.3\n135.3\n86.3\n770.0\n0.0\n1,900.7\n \n28.8\n2,815.04\n \n504.1\n361.1\n388.8\n5,998.5\n \n Aug\n1.0\n234.0\n523.7\n104.3\n194.7\n76.1\n786.5\n5.1\n1,925.3\n \n28.8\n2,810.06\n \n535.2\n339.9\n390.5\n6,029.6\n \n Sep\n1.0\n255.2\n551.8\n114.8\n192.9\n63.7\n764.9\n5.1\n1,949.4\n \n28.0\n2,844.13\n \n599.2\n404.6\n392.3\n6,217.7\n \n Oct\n0.9\n215.7\n536.1\n143.7\n171.5\n83.5\n808.3\n5.2\n1,964.9\n \n26.7\n2,884.16\n \n599.3\n350.6\n391.5\n6,217.0\n \n Nov\n1.2\n186.9\n526.1\n135.9\n123.5\n74.3\n871.8\n5.2\n1,924.9\n \n26.6\n2,931.49\n \n603.6\n355.3\n393.6\n6,235.5\n \n Dec\n0.7\n181.6\n542.9\n127.5\n118.6\n79.7\n1031.3\n5.2\n2,087.6\n \n20.8\n2,820.54\n \n582.0\n352.8\n396.7\n6,260.4\n \n2016\n Jan\n1.0\n172.0\n646.9\n119.2\n130.7\n76.6\n981.9\n5.2\n2,133.5\n \n20.6\n2,763.7\n \n582.8\n387.3\n396.6\n6,284.4\n \n Feb\n1.2\n140.7\n682.1\n96.3\n118.1\n21.5\n1125.6\n5.2\n2,190.7\n \n20.1\n2,680.9\n \n477.1\n390.1\n399.3\n6,158.2\n \n Mar\n1.3\n161.9\n714.2\n96.3\n156.8\n19.2\n1140.5\n5.1\n2,295.4\n \n20.3\n2,690.6\n \n430.6\n428.7\n405.1\n6,270.8\n \n Apr\n1.3\n135.5\n757.8\n135.5\n133.3\n18.7\n1198.1\n5.1\n2,385.4\n \n20.4\n2,653.4\n \n413.7\n441.1\n404.7\n6,318.6\n \n May\n1.4\n89.6\n871.6\n130.5\n110.4\n19.3\n1215.9\n5.0\n2,443.6\n \n19.8\n2,681.8\n \n397.0\n358.0\n412.6\n6,312.8\n \n Jun\n1.4\n108.5\n914.7\n84.6\n148.3\n19.2\n1274.4\n1.8\n2,553.0\n \n19.7\n2,669.3\n \n407.7\n358.0\n431.6\n6,439.3\n \n Jul\n1.4\n101.2\n972.6\n82.5\n166.0\n16.5\n1313.2\n0.0\n2,653.5\n \n20.5\n2,567.9\n \n393.2\n342.6\n440.3\n6,418.1\n \n Aug\n1.4\n140.2\n1054.0\n97.5\n156.9\n14.9\n1293.8\n0.0\n2,758.7\n \n20.5\n2,565.9\n \n390.2\n367.5\n447.3\n6,550.2\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ millions\n \n \n \n22 \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2015\nJan\n2,056.2\n \n996.2\n561.7\n3,614.0\n \n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5,684.2\n \n3,614.0\n \nFeb\n2,079.6\n \n876.1\n611.6\n3,567.3\n \n426.6\n0.0\n75.6\n720.3\n564.8\n227.0\n5,581.5\n \n3,567.3\n \nMar\n2,139.3\n \n940.4\n513.3\n3,593.0\n \n461.1\n0.0\n101.9\n749.7\n527.3\n293.6\n5,726.6\n \n3,593.0\n \nApr\n2,098.7\n \n943.5\n629.8\n3,672.0\n \n448.9\n0.0\n103.4\n747.4\n527.1\n291.8\n5,790.7\n \n3,672.0\n \nMay\n2,131.8\n \n1015.3\n615.3\n3,762.4\n \n574.7\n0.0\n82.4\n814.7\n525.7\n304.4\n6,064.3\n \n3,762.4\n \nJun\n2,213.2\n \n1021.9\n593.5\n3,828.7\n \n560.2\n0.8\n103.1\n814.9\n498.4\n293.2\n6,099.4\n \n3,828.7\n \nJul\n2,166.4\n \n889.7\n732.5\n3,788.6\n \n478.9\n0.8\n88.2\n813.0\n504.1\n325.0\n5,998.5\n \n3,788.6\n \nAug\n2,266.7\n \n790.9\n723.1\n3,780.7\n \n490.7\n0.0\n83.4\n825.7\n535.2\n313.9\n6,029.6\n \n3,780.7\n \nSep\n2,276.7\n \n967.6\n648.7\n3,892.9\n \n504.0\n0.0\n72.0\n828.1\n599.2\n321.5\n6,217.7\n \n3,892.9\n \nOct\n2,259.9\n \n909.3\n667.8\n3,837.0\n \n494.3\n0.0\n122.2\n841.2\n599.3\n322.9\n6,217.0\n \n3,837.0\n \nNov\n2,475.9\n \n919.4\n580.1\n3,975.4\n \n347.6\n0.0\n126.0\n845.3\n603.6\n337.5\n6,235.5\n \n3,975.4\n \nDec\n2,512.2\n \n999.0\n543.0\n4,054.2\n \n320.4\n0.0\n140.4\n866.9\n582.0\n296.5\n6,260.4\n \n4,054.2\n \n2016\nJan\n2,562.6\n \n952.2\n558.7\n4,073.5\n \n313.2\n0.0\n135.6\n871.3\n582.8\n308.0\n6,284.4\n \n4,073.5\n \nFeb\n2,545.7\n \n959.3\n572.0\n4,077.1\n \n298.9\n0.0\n126.0\n878.1\n477.1\n301.0\n6,158.2\n \n4,077.1\n \nMar\n2,653.7\n \n893.4\n680.0\n4,227.1\n \n303.1\n0.0\n135.2\n886.6\n430.6\n288.2\n6,270.8\n \n4,227.1\n \nApr\n2,675.3\n \n1008.1\n591.9\n4,275.3\n \n285.7\n0.0\n154.4\n893.9\n413.7\n295.5\n6,318.6\n \n4,275.3\n \nMay\n2,764.6\n \n1100.0\n449.7\n4,314.3\n \n300.0\n0.0\n101.3\n908.9\n397.0\n291.2\n6,312.8\n \n4,314.3\n \nJun\n2,865.3\n \n907.1\n673.1\n4,445.5\n \n272.3\n0.0\n118.6\n915.7\n407.7\n279.5\n6,439.3\n \n4,445.5\n \nJul\n2,826.1\n \n993.3\n654.3\n4,473.7\n \n260.7\n0.0\n93.8\n922.3\n393.2\n274.4\n6,418.1\n \n4,473.7\n \nAug\n2,979.0\n \n1002.4\n587.6\n4,569.0\n \n257.0\n0.0\n87.1\n932.3\n390.2\n314.7\n6,550.2\n \n4,569.0\n \nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ millions\nAmounts Owing to\n \n \n \n23 \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\nBond\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoins\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.0\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\n Feb\n0.0\n0.4\n0.2\n0.1\n0.1\n1.6\n0.0\n0.0\n2.5\n0.0\n72.0\n8.3\n19.3\n23.6\n125.7\n Mar\n0.0\n0.4\n0.1\n0.0\n0.1\n1.5\n0.0\n0.0\n2.1\n0.0\n73.3\n8.2\n18.5\n23.4\n125.5\n Apr\n0.0\n0.3\n0.1\n0.0\n0.1\n0.2\n0.0\n0.0\n0.6\n0.0\n66.7\n0.0\n10.3\n21.3\n98.9\n May\n0.0\n0.4\n0.0\n0.0\n0.0\n0.2\n0.0\n0.0\n0.6\n0.0\n67.9\n0.0\n9.6\n21.2\n99.3\n Jun\n0.0\n0.3\n0.0\n0.0\n0.0\n0.4\n0.0\n0.0\n0.7\n0.0\n68.1\n0.0\n9.7\n21.1\n99.6\n Jul\n0.0\n0.2\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n67.8\n0.0\n9.2\n21.0\n100.0\n Aug\n0.0\n0.1\n1.8\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n60.0\n0.0\n9.3\n28.1\n99.4\n Sep\n0.0\n0.1\n2.2\n0.0\n0.0\n0.2\n0.0\n0.0\n2.5\n0.0\n59.2\n0.0\n9.2\n28.0\n98.9\n Oct\n0.0\n0.1\n2.1\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n59.4\n0.0\n9.1\n27.8\n98.8\n Nov\n0.0\n0.1\n2.0\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n58.5\n0.0\n9.5\n20.6\n91.0\n Dec\n0.0\n0.1\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n1.9\n0.0\n59.8\n0.0\n9.4\n20.5\n91.6\n2016\n Jan\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n60.7\n0.0\n9.3\n20.3\n92.5\n Feb\n0.0\n0.1\n0.9\n1.1\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n61.6\n0.0\n9.2\n20.2\n93.2\n Mar\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n62.0\n0.0\n9.3\n20.1\n93.6\n Apr\n0.0\n0.2\n0.7\n1.1\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n62.3\n0.0\n9.4\n19.9\n93.8\n May\n0.0\n0.1\n0.9\n1.2\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n62.7\n0.0\n9.3\n19.8\n94.2\n Jun\n0.0\n0.1\n0.9\n1.2\n0.0\n0.4\n0.0\n0.0\n2.6\n0.0\n62.7\n0.0\n9.3\n19.8\n94.4\n Jul\n0.0\n0.1\n1.8\n0.6\n0.0\n0.2\n0.0\n0.0\n2.7\n0.0\n63.4\n0.0\n9.2\n19.8\n95.1\n Aug\n0.0\n0.1\n1.7\n0.6\n0.0\n0.2\n0.0\n0.0\n2.6\n0.0\n63.6\n0.0\n9.3\n19.7\n95.2\nSource:Reserve Bank of Zimbabwe, 2016\nUS$ millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \n \n24 \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\n Feb\n38.4\n40.4\n0.0\n78.7\n11.7\n0.0\n0.0\n-48.7\n8.3\n75.6\n125.7\n78.7\n Mar\n68.6\n12.1\n0.0\n80.7\n12.0\n0.0\n0.0\n-50.7\n8.2\n75.2\n125.5\n80.7\n Apr\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-27.5\n0.0\n62.4\n98.9\n63.9\n May\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-28.8\n0.0\n64.2\n99.3\n63.9\n Jun\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-28.9\n0.0\n65.6\n99.6\n62.9\n Jul\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-27.8\n0.0\n64.8\n100.0\n62.9\n Aug\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-14.9\n0.0\n51.3\n99.4\n62.9\n Sep\n62.2\n0.0\n0.0\n62.2\n0.0\n0.0\n0.0\n-15.3\n0.0\n52.0\n98.9\n62.2\n Oct\n61.9\n0.0\n0.0\n61.9\n0.0\n0.0\n0.0\n-16.4\n0.0\n53.2\n98.8\n61.9\n Nov\n58.8\n0.0\n0.0\n58.8\n0.0\n0.0\n0.0\n-20.2\n0.0\n52.5\n91.0\n58.8\n Dec\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-20.1\n0.0\n53.2\n91.6\n58.5\n2016\n Jan\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-18.8\n0.0\n52.9\n92.5\n58.5\n Feb\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.4\n0.0\n54.3\n93.2\n58.3\n Mar\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-20.1\n0.0\n55.3\n93.6\n58.3\n Apr\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.5\n0.0\n55.0\n93.8\n58.3\n May\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-20.2\n0.0\n56.0\n94.2\n58.4\n Jun\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-20.2\n0.0\n56.0\n94.2\n58.4\n Jul\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-19.3\n0.0\n56.1\n95.1\n58.4\n Aug\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.3\n0.0\n56.1\n95.2\n58.3\nSource:Reserve Bank of Zimbabwe, 2016\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ millions\n \n \n \n25 \n \n \n \n \nForeign\nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nBond\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nCoins\nat Banks\nBanks\nBills\n2015\nJan\n0.1\n37.3\n196.0\n0.0\n0.1\n51.8\n0.0\n307.1\n0.0\n511.6\n172.1\n105.8\n126.1\n1,222.6\n \nFeb\n0.1\n32.1\n244.4\n0.0\n0.1\n51.9\n0.0\n328.6\n0.0\n522.9\n176.2\n106.8\n125.8\n1,260.2\n \nMar\n0.1\n52.4\n214.4\n0.0\n0.1\n52.0\n0.0\n319.0\n0.0\n508.7\n180.0\n122.5\n125.5\n1,255.5\n \nApr\n0.1\n32.5\n243.2\n0.0\n0.1\n60.4\n0.0\n336.3\n0.0\n520.2\n182.5\n118.3\n124.8\n1,282.0\n \nMay\n0.1\n33.6\n257.7\n0.0\n0.1\n60.1\n0.0\n351.5\n0.0\n448.7\n235.1\n137.5\n125.2\n1,298.0\n \nJun\n0.2\n59.6\n204.9\n0.0\n0.1\n60.1\n0.0\n324.8\n0.0\n464.9\n231.9\n139.4\n122.0\n1,283.0\n \nJul\n0.2\n51.6\n205.5\n0.0\n0.1\n62.9\n0.0\n320.2\n0.0\n461.5\n230.6\n133.9\n121.9\n1,268.2\n \nAug\n0.1\n53.0\n158.9\n0.0\n0.1\n76.2\n0.0\n288.4\n0.0\n482.9\n228.4\n136.0\n122.2\n1,257.9\n \nSep\n0.1\n55.4\n161.7\n0.0\n0.1\n76.0\n0.0\n293.3\n0.0\n480.4\n263.4\n125.8\n122.1\n1,285.0\n \nOct\n0.1\n45.2\n229.1\n0.0\n0.1\n76.0\n0.0\n350.5\n0.0\n494.0\n265.1\n126.0\n122.8\n1,358.4\n \nNov\n0.1\n43.6\n256.8\n0.0\n0.1\n76.1\n0.0\n376.7\n0.0\n292.0\n479.3\n131.8\n121.1\n1,400.9\n \nDec\n0.1\n27.3\n284.0\n0.0\n0.0\n76.6\n0.0\n387.9\n0.0\n317.4\n470.4\n114.7\n118.4\n1,408.8\n \n2016\nJan\n0.1\n17.4\n227.8\n10.0\n0.0\n76.6\n0.0\n331.9\n0.0\n326.9\n415.3\n145.6\n119.7\n1,339.4\n \nFeb\n0.2\n13.9\n253.5\n0.0\n0.0\n65.6\n0.0\n333.2\n0.0\n324.4\n420.2\n148.4\n119.6\n1,345.8\n \nMar\n0.2\n20.8\n266.6\n0.0\n0.0\n48.3\n0.0\n335.9\n0.0\n339.6\n399.4\n142.9\n119.4\n1,337.2\n \nApr\n0.2\n9.5\n213.7\n0.0\n0.0\n90.9\n0.0\n314.2\n0.0\n332.5\n402.2\n143.6\n119.2\n1,311.8\n \nMay\n0.1\n7.1\n220.3\n0.0\n0.0\n93.3\n0.0\n320.8\n0.0\n404.6\n341.0\n149.9\n122.9\n1,339.2\n \nJun\n0.2\n8.0\n278.0\n0.0\n0.0\n104.0\n0.0\n390.0\n0.0\n348.0\n389.4\n146.0\n119.3\n1,392.3\n \nJul\n0.2\n8.2\n231.4\n0.0\n0.0\n101.6\n0.0\n341.4\n0.0\n341.5\n412.1\n154.8\n123.8\n1,373.5\n \nAug\n0.1\n7.4\n225.6\n0.0\n0.0\n95.1\n0.0\n328.2\n0.0\n348.0\n402.7\n152.0\n123.4\n1,354.3\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ millions\n \n \n \n26 \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1,222.6\n \n770.2\nFeb\n405.8\n400.3\n806.2\n53.6\n98.3\n272.9\n29.2\n1,260.2\n \n806.2\nMar\n408.1\n386.3\n794.4\n50.8\n108.8\n275.8\n25.8\n1,255.5\n \n794.4\nApr\n464.1\n364.8\n828.9\n48.3\n99.4\n276.8\n28.7\n1,282.0\n \n828.9\nMay\n472.0\n391.6\n863.6\n48.5\n87.4\n270.7\n27.8\n1,298.0\n \n863.6\nJun\n492.9\n343.9\n836.8\n48.3\n94.0\n272.9\n31.1\n1,283.0\n \n836.8\nJul\n458.3\n370.6\n828.9\n48.5\n85.8\n277.4\n27.5\n1,268.2\n \n828.9\nAug\n438.4\n386.1\n824.5\n47.6\n73.2\n282.7\n29.9\n1,257.9\n \n824.5\nSep\n498.9\n334.3\n833.2\n43.5\n84.9\n288.4\n35.0\n1,285.0\n \n833.2\nOct\n465.3\n428.4\n893.7\n42.4\n99.0\n293.6\n29.7\n1,358.4\n \n893.7\nNov\n446.1\n474.4\n920.4\n42.4\n104.3\n297.7\n36.0\n1,400.9\n \n920.4\nDec\n480.5\n463.9\n944.4\n43.0\n99.4\n293.3\n28.8\n1,408.8\n \n944.4\n2016\nJan\n447.7\n443.1\n890.7\n43.3\n74.7\n298.3\n32.3\n1,339.4\n \n890.7\nFeb\n446.8\n441.8\n888.6\n42.3\n81.6\n301.9\n31.5\n1,345.8\n \n888.6\nMar\n433.3\n449.5\n882.8\n37.0\n81.7\n289.7\n46.0\n1,337.2\n \n882.8\nApr\n495.3\n380.6\n875.9\n36.9\n75.1\n290.1\n33.9\n1,311.8\n \n875.9\nMay\n455.3\n403.8\n859.2\n36.2\n77.7\n320.7\n45.5\n1,339.2\n \n859.2\nMay\n455.3\n403.8\n859.2\n36.2\n77.7\n320.7\n45.5\n1,339.2\n \n859.2\nJun\n463.4\n443.7\n907.0\n35.4\n84.6\n319.0\n46.3\n1,392.3\n \n907.0\nJul\n420.3\n486.9\n907.3\n35.7\n73.1\n324.1\n33.4\n1,373.5\n \n907.3\nAug\n359.8\n523.3\n883.2\n33.6\n76.9\n327.4\n33.3\n1,354.3\n \n883.2\nSource:Reserve Bank of Zimbabwe, 2016\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ millions \nAmounts Owing to\n \n \n \n27 \n \n \n \n \n \n \n \n \n \n \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$)\nVolume of Shares\nUS$ Millions\n2015\nJan\n164.9\n58.1\n16,062,740.8\n57,390,451\n4,365.1\nFeb\n167.2\n55.4\n34,775,616.2\n119,324,114\n4,353.4\nMar\n158.2\n43.9\n18,903,881.0\n405,884,918\n4,117.1\nApr\n156.2\n42.9\n29,188,562.0\n563,833,853\n4,066.1\nMay\n153.0\n44.5\n23,280,422.2\n290,320,685\n3,978.1\nJun\n148.4\n44.3\n14,514,679.0\n80,441,278\n3,803.8\nJul\n145.4\n39.4\n20,419,108.0\n157,184,218\n3,812.7\nAug\n135.4\n35.3\n15,344,249.0\n76,187,436\n3,552.0\nSep\n131.9\n24.4\n18,202,232.0\n105,678,504\n3,444.5\nOct\n130.8\n23.6\n12,864,086.0\n63,758,585\n3,416.1\nNov\n117.6\n22.3\n8,947,586.0\n90,417,554\n3,141.7\nDec\n114.9\n23.7\n16,360,451.6\n183,792,940\n3,073.4\n2016\nJan\n103.0\n19.5\n10,399,904.0\n61,882,757\n2,790.4\nFeb\n99.4\n19.1\n15,556,983.0\n95,020,938\n2,692.3\nMar\n97.6\n19.4\n16,428,571.0\n97,601,725\n2,645.1\nApr\n105.8\n20.2\n14,026,917.0\n187,848,946\n2,862.6\nMay\n104.7\n25.5\n13,868,486.0\n99,055,230\n2,881.3\nJun\n101.0\n24.7\n18,064,624.0\n88,525,472.0\n2,780.9\nJul\n98.8\n25.7\n11,838,626.0\n57,222,624.0\n2,772.0\nAug\n99.5\n26.3\n7,075,762.0\n41,264,438.0\n2,734.3\nSource:Zimbabwe Stock Exchange (ZSE),2016\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \n \n28 \n \n \n \n \n \n \n \n \n \nCommercial\nBuilding \nEnd of\nBanks\nP.O.S.B.\nSocieties\nTOTAL\n2015\nJan\n1,557.9\n86.3\n770.2\n2,455.2\nFeb\n1,487.7\n90.4\n806.2\n2,384.2\nMar\n1,453.7\n93.6\n794.4\n2,353.9\nApr\n1,573.3\n90.4\n828.9\n2,492.6\nMay\n1,630.6\n89.2\n863.6\n2,583.4\nJun\n1,615.4\n95.1\n836.8\n2,547.3\nJul\n1,622.2\n92.4\n828.9\n2,543.5\nAug\n1,514.0\n93.1\n824.5\n2,431.5\nSep\n1,616.2\n101.3\n833.2\n2,550.7\nOct\n1,577.1\n97.5\n893.7\n2,568.3\nNov\n1,499.5\n100.0\n920.4\n2,520.0\nDec\n1,542.0\n94.4\n944.4\n2,580.8\n2016\nJan\n1,511.0\n99.6\n890.7\n2,501.3\nFeb\n1,531.3\n99.2\n888.6\n2,519.2\nMar\n1,573.4\n99.6\n882.8\n2,555.8\nApr\n1,599.9\n103.9\n875.9\n2,579.7\nMay\n1,549.8\n106.1\n859.2\n2,515.1\nJun\n1,580.2\n108.3\n859.2\n2,547.7\nJul\n1,647.7\n105.4\n907.0\n2,660.0\nAug\n1,590.0\n105.4\n907.3\n2,602.7\nSource:Reserve Bank of Zimbabwe, 2016\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ millions\n \n \n \n29 \n \n \n \n \n \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2015\nJan\n1,581.9\n1,084.2\n497.7\n2.0\n24.0\n-22.0\nFeb\n1,524.2\n1,070.2\n454.0\n2.5\n23.6\n-21.2\nMar\n1,543.8\n1,077.9\n465.9\n2.1\n24.2\n-22.1\nApr\n1,528.6\n1,101.6\n427.0\n0.6\n19.2\n-18.6\nMay\n1,779.2\n1,128.7\n650.4\n0.6\n19.2\n-18.5\nJun\n1,962.4\n1,148.6\n813.8\n0.7\n18.9\n-18.2\nJul\n1,900.7\n1,136.6\n764.1\n2.0\n18.9\n-16.9\nAug\n1,925.3\n1,134.2\n791.0\n2.0\n18.9\n-16.9\nSep\n1,949.4\n1,167.9\n781.6\n2.5\n18.6\n-16.1\nOct\n1,964.9\n1,151.1\n813.8\n2.4\n18.6\n-16.2\nNov\n1,924.9\n1,192.6\n732.2\n2.4\n17.6\n-15.3\nDec\n2,087.6\n1,216.3\n871.3\n1.9\n17.6\n-15.6\n2016\nJan\n2,133.5\n1,222.1\n911.4\n2.2\n17.6\n-15.4\nFeb\n2,190.7\n1,223.1\n967.6\n2.3\n17.5\n-15.2\nMar\n2,295.4\n1,268.1\n1,027.2\n2.3\n17.5\n-15.2\nApr\n2,385.4\n1,282.6\n1,102.8\n2.2\n17.5\n-15.3\nMay\n2,443.6\n1,294.3\n1,149.3\n2.4\n17.5\n-15.1\nJun\n2,553.0\n1,333.6\n1,219.4\n2.6\n17.5\n-14.9\nJul\n2,653.5\n1,342.1\n1,311.3\n2.7\n17.5\n-14.8\nAug\n2,758.7\n1,370.7\n1,388.0\n2.6\n17.5\n-14.9\nSource:Reserve Bank of Zimbabwe, 2016\n1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed from 20% to 25% of liabilities to the public. \nUS$ millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \n \n30 \n \n \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE INTERNET\n2015\nJan\n 3,659.0 \n11.8\n154.4\n311.9\n352.2\n113.5\nFeb\n 3,221.1 \n13.7\n141.8\n275.8\n334.6\n104.6\nMar\n 3,802.0 \n11.1\n132.0\n298.3\n364.7\n111.7\nApr\n 3,919.5 \n10.8\n134.0\n299.7\n341.2\n112.4\nMay\n 3,467.1 \n13.1\n128.8\n316.7\n390.0\n124.5\nJun\n 3,014.7 \n15.4\n123.5\n333.7\n438.7\n136.6\nJul\n 4,010.3 \n12.6\n154.6\n332.4\n391.0\n128.6\nAug\n 3,299.1 \n11.4\n193.4\n313.2\n391.2\n133.6\nSep\n3,762.7\n \n12.9\n131.9\n318.8\n396.3\n396.3\nOct\n 3,964.5 \n11.8\n149.4\n334.9\n434.7\n151.0\nNov\n 3,551.4 \n12.0\n130.2\n347.7\n417.0\n154.4\nDec\n 4,167.9 \n11.0\n146.6\n411.3\n477.5\n213.3\n2016\nJan\n 3,385.9 \n11.1\n137.4\n331.5\n388.9\n167.7\nFeb\n 3,448.2 \n11.9\n138.8\n312.1\n389.3\n167.9\nMar\n 3,460.2 \n11.3\n142.1\n288.8\n417.1\n255.9\nApr\n 3,564.3 \n9.7\n180.1\n247.6\n427.3\n168.3\nMay\n 3,869.2 \n10.8\n214.8\n203.3\n479.9\n217.9\nJun\n 4,522.2 \n10.3\n203.9\n131.4\n465.1\n174.1\nJul\n 3,911.8 \n9.2\n240.0\n166.3\n491.2\n218.0\nAug\n 3,928.7 \n7.9\n238.0\n165.9\n535.4\n230.6\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ millions)\n \n \n \n31 \n \n \n \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2015\nJan\n170.8\n29.55\n 1,174.1 1,124.5 16,903.3 \n37.6\nFeb\n172.3\n32.23\n 1,140.9 1,027.9 16,160.4 \n39.9\nMar\n191.6\n30.33\n 1,183.6 1,110.2 18,211.9 \n44.5\nApr\n180.3\n26.98\n 1,151.3 1,107.5 17,269.7 \n43.6\nMay\n179.8\n27.38\n 1,052.5 1,123.8 18,684.6 \n43.2\nJun\n196.4\n31.85\n 1,121.2 1,038.2 17,478.2 \n47.2\nJul\n199.1\n34.00\n 1,288.2 1,167.4 18,670.4 \n49.4\nAug\n153.1\n28.05\n 1,373.5 1,122.2 19,750.6 \n46.5\nSep\n164.3\n31.15\n 1,196.9 1,103.9 19,133.2 \n50.4\nOct\n156.4\n30.78\n 1,295.0 1,152.8 22,166.4 \n54.0\nNov\n143.4\n32.19\n 1,206.2 1,151.3 21,390.2 \n51.3\nDec\n155.0\n27.25\n 1,359.9 1,183.6 22,904.3 \n52.6\nAnnual Total 2,062.6 \n361.73\n 14,543.3 13,413.3 228,723.3 \n560.2\n2016\nJan\n132.3\n24.6\n1328.9\n1104.4\n 19,956.1 \n49.9\nFeb\n148.4\n30.3\n1289.5\n1067.1\n 19,793.7 \n54.6\nMar\n152.5\n29.6\n1455.7\n962.9\n 21,731.5 \n61.9\nApr\n161.7\n25.0\n1962.6\n841.3\n 21,086.6 \n59.9\nMay\n199.3\n29.1\n2779.9\n675.8\n 23,293.0 \n83.2\nJun\n268.2\n33.5\n3203.8\n741.9\n 23,321.2 \n88.0\nJul\n242.4\n31.1\n3946.3\n1052.8\n 24,538.8 \n102.7\nAug\n253.9\n27.8\n4038.1\n1156.4\n 26,009.6 \n109.5\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL \nVolumes of Transactions (in thousands)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": 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+{"doc_id": "0d9b04b22ff37bfce902aad70e8232e8", "text": "MONTHLY ECONOMIC REVIEW \nJULY 2014 \nSelected Economic Indicators \n2 \nStock Market Developments \n3 \nMonetary Developments \n5 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \n \n \nINSIDE THIS ISSUE \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2014 \nJune \n2014 \nJuly \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n61.32 \n95.00 \n54.92% \nZ.S.E. Industrial Index1 \n186.57 \n188.07 \n0.8% \nMoney Supply (Total Bank Deposits) (US$)2 \n4.32 billion \n4.22 billion \n-3.07% \nMoney Supply (M3) Annual Growth2 \n12.65% \n9.58% \n-3.07% \nYearly Inflation3 \n-0.08% \n0.31% \n0.01% \nNominal Lending Rate (%) \n6.00-35.00 \n6.00-35.00 \n \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \n \n \n \n \nSTOCK MARKET DEVELOPMENTS \n \nIn July 2014, the Zimbabwe Stock Exchange \n(ZSE) registered gains, in line with most \nmajor African markets. \n \nInvestor sentiment in the Global markets, \nwas, however, impacted negatively by \nvarious factors, chief among them, the \nincrease in geo-political tensions in the \nUkraine and Middle East and the collapse of \nBanco Espirito Santo in Portugal. In Africa, \nmost of the major stock markets recorded \nmarginal gains with the exception of Nigeria \nwhich was down by 0.9%. Egypt recorded \nthe highest gains of 8.1% during the month \nunder review, on the back of new measures \nintroduced by the Government to cut the \ncountry’s budget deficit. \n \nIn line with trends in other major African \nstock markets, the ZSE’s industrial index \nregistered a marginal increase of 0.8%, to \nclose at 188.07 points during July 2014. On \na year-to-date basis, however, the industrial \nindex lost 6.89%. \n2 3 \nSource: Zimbabwe Stock Exchange, 2014. \nSource: Zimbabwe Stock Exchange, 2014. \n2 4 \nThe mining index maintained its upward \ntrend, gaining 54.92% to close at 95 points \nin July 2014, from 61.32 points in June. The \ngains were fueled by a rise of 77.1% in the \nshare price of Bindura Nickel Mine, in July \n2014. The mining index, therefore gained \n107.5%, on a year to date basis. \n \nThe volume of shares traded recovered from \na decline of 24.31%, in June 2014, to an \nincrease of 80.65% in July. Shares traded in \nJuly 2014 totaled 322.41 million in volume \nterms, compared to 178.47 million shares in \nJune \n2014. \nTotal \nturnover, \nhowever, \ndeclined by 11.65%, to close the month \nunder review at US$25.22 million. \n \nButtressed by increases in the prices of \nheavily \ncapitalized \ncounters, \nmarket \ncapitalization \nincreased \nby \n1.76% \nto \nUS$4.96 billion, at the end of July 2014, \nfrom US$4.87 billion at the close of June \n2014. On a year to date basis, however, the \nZSE’s market capitalization lost 4.63%. \n \nMONETARY DEVELOPMENTS \n \nAnnual broad money growth declined by \n3.07 percentage points from 12.65% in June \n2014 to 9.58% in July 2014. In absolute \nterms, \nbroad \nmoney \nincreased \nfrom \nUS$3 854.92 million in July 2013 to \nUS$4 224.07 million in July 2014. \n \nOn a month-on-month basis, however, broad \nmoney, \ndeclined \nby \n2.30% \nfrom \nUS$4 323.57 million in June 2014 to \nUS$4 224.07. The month-on-month fall in \nbroad money was reflective of declines in \nunder 30-days deposits, US$133.98 million; \ndemand deposits, US$109.03 million; and \nsavings deposits, US$22.82 million. Partially \noffsetting these declines was an increase of \nUS$166.33 million in over 30-days deposits. \n \nThe decline in deposits can be partly \nattributed to the transfer of the Exchequer \nAccount from CBZ Bank to the Reserve \nBank of Zimbabwe. As at end July 2014, \nGovernment deposits at the Central Bank \namounted to US$46.16 million, compared to \nBroad Money Structure and Growth \nSource: Reserve Bank of Zimbabwe, 2014. \n3 5 \nUS$1.18 million in June 2014. The \nincrease implies a withdrawal of US$44.98 \nmillion from the market. Government depos-\nits at the Central Bank are now excluded \nfrom broad money aggregates. \n \nOn an annual basis, domestic credit grew by \n6.02% from US$3 966.27 million in July \n2013 to US$4 205.23 million, in July 2014. \nThis was on the back of expansions of \nUS$191.72 million (82.54%) in net credit to \nGovernment and US$32.03 million (0.87%) \nin credit to the private sector. Net credit to \nGovernment grew from US$215.53 million \nin July 2013 to US$429.98 million in July \n2014. The growth in credit to Government \nwas largely driven by the conversion of \nforeign currency accounts (FCA) balances \namounting to about US$203 million into \nTreasury Bills (TBs). The FCA balances \nwere owed by the Central Bank. \n \nCredit to the private sector grew by (0.87%) \nfrom \nUS$3 \n671.82 \nin \nJuly \n2013 \nto \nUS$3 703.84 in July 2014. This was partially \na result of the persistent liquidity crunch as \nwell as increased the risk aversion of financial \ninstitutions as they resort to precautionary \nlending as a way of mitigating the increase in \nnon-performing loans. \n \nNon-performing loans refer to those financial \nassets from which banks no longer receive \ninterest and/or installment payments as \nscheduled. \nThe \noverall \nratio \nof \nnon-\nperforming loans to total credit in the banking \nsector increased to 18.49% in June 2014, from \n14.51% recorded in June 2013. \n \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nAnnual headline inflation, which has been in \nthe negative territory since February 2014, \nsurged to 0.31% in July 2014, from -0.08% in \nJune 2014. This was largely on account of \nincreases in non food inflation. \nYear-on-Year food inflation increased to \n-2.88% in July 2014, from -3.54% in June \n2014, largely driven by food products such as \nbaby cereal, yeast, gravy powder and salt. \nSource: Reserve Bank of Zimbabwe, 2014. \nStructure of Domestic Credit \n4 6 \nPrices of sugar, jam, honey, chocolate and \nconfectionery; fruit and vegetables, however, \nrecorded a decline. \nAnnual non-food inflation accelerated to \n1.91% in July 2014, from 1.67% in June \n2014, mainly driven by increases in housing \nrentals, alcoholic beverages and tobacco, as \nwell as transport, health and educational \nservices. \nMonth-on-Month Inflation \nMonth-on-month inflation stood at 0.01% in \nJuly 2014, up from -0.03% in June, driven by \nincreases in prices of non food items. \nMonthly food prices decelerated to -0.46% in \nJuly 2014, from -0.12% in June, on the back \nof decreases in fruits, vegetables, bread and \ncereals, coffee, tea and cocoa, oil and fats, \nand meat prices. \nThe decline in monthly food inflation was, \nhowever, partially offset by increases in \nprices of milk, cheese and eggs; fish and sea \nfood; and mineral waters, soft drinks, fruit \nand vegetable juices. \nMonthly non-food inflation surged to 0.24% \nin July 2014, from -0.02% in June 2014, on \naccount of increases in education, restaurant \nand hotels, and health services; housing, \nwater, electricity, gas and other fuels; \nclothing and footwear prices. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSource: ZIMSTATS, 2014. \n7 \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through \nthe RTGS system in July 2014 increased by \n7% to US$3.9 billion, from US$3.7 billion in \nJune 2014. In volume terms, transactions \nregistered an increase of 3% from 193 582 to \n199 587 during the same period. \nCard Based Transactions \nThe total value of card based transactions \nincreased by 8.74% to US$392.81 million in \nJuly 2014, from US$361.25 million in June \n2014. \nMobile and Internet Based Transactions \nThe value of mobile and internet based \ntransactions increased by 6.6%, from \nUS$388.46 million, in June 2014 to \nUS$414.09 million in July 2014. \nCheque Transactions \nThe value of cheque transactions declined to \nUS$11.72 million in July 2014, from \nUS$12.42 million in June 2014. \n \n \n \n \n \n \n \n \nReserve Bank of Zimbabwe \nAugust 2014 \n \nSource: Reserve Bank of Zimbabwe, 2014. \n8 \nNOTES \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n35 \n \n13.2 Volumes of Transactions \n \n \n \n \n36 \n10 \n11 \n12 \n13 \n14 \n15 \n1. These are large corporation with business operations covering across a number of sectors. \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \nAPRIL \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,620.0 \n14,889.0 \n278.0 \n0.0 \n15,200.0 \n0.0 \n43,087.0 \nMAY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,500.0 \n6,330.8 \n2,109.4 \n0.0 \n1,000.0 \n0.0 \n22,040.2 \nJUNE \n5,100.0 \n0.0 \n0.0 \n0.0 \n5,760.0 \n0.0 \n212.0 \n0.0 \n15,210.0 \n0.0 \n26,282.0 \nJULY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,000.0 \n0.0 \n212.0 \n0.0 \n15,110.0 \n0.0 \n27,422.0 \nAUGUST \n5,100.0 \n0.0 \n0.0 \n0.0 \n6,000.0 \n0.0 \n1,065.0 \n0.0 \n0.0 \n0.0 \n12,165.0 \nSEPTEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n5,800.0 \n0.0 \n165.0 \n0.0 \n900.0 \n0.0 \n11,865.0 \nOCTOBER \n0.0 \n0.0 \n0.0 \n0.0 \n5,150.0 \n0.0 \n5,135.0 \n0.0 \n0.0 \n0.0 \n10,285.0 \nNOVEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n0.0 \n2,035.0 \n0.0 \n0.0 \n0.0 \n27,595.6 \nDECEMBER \n4,745.3 \n0.0 \n0.0 \n0.0 \n6,750.6 \n12,304.4 \n1,992.3 \n0.0 \n0.0 \n0.0 \n25,792.6 \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n19,047.7 \n826.0 \n0.0 \n0.0 \n3,000.0 \n12,673.6 \n359,6 \n0.0 \n1,809.9 \n0.0 \n37,357.2 \nFEBRUARY \n5,000.0 \n0.0 \n0.0 \n0.0 \n1,107.5 \n12,573.7 \n373.2 \n0.0 \n3,445.9 \n0.0 \n22,500.3 \nMARCH \n5,000.0 \n8.7 \n0.0 \n0.0 \n2,352.5 \n0.0 \n153.3 \n0.0 \n4,472.0 \n0.0 \n11,986.5 \n \n \n \n \n \n \n \n \n \n \n \n \n18 \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \nAPRIL \n31,659.0 \n5,702.7 \n18,835.7 \n1,538.1 \n177,040.5 \n97,838.1 \n22,611.8 \n28,606.2 \n187,727.7 \n3,883.5 \n139,589.7 \n31,245.5 \n746,278.5 \nMAY \n17,827.5 \n5,756.6 \n18,786.2 \n1,258.9 \n187,857.9 \n99,688.5 \n19,315.6 \n44,794.2 \n197,568.8 \n3,436.3 \n132,325.5 \n31,463.1 \n760,079.2 \nJUNE \n4,255.3 \n6,236.6 \n10,753.7 \n1,131.2 \n156,052.6 \n105,613.0 \n18,935.8 \n59,790.7 \n184,390.9 \n3,652.3 \n107,354.6 \n30,017.1 \n688,183.8 \nJULY \n6,597.9 \n9,544.9 \n22,034.9 \n17,579.6 \n155,178.3 \n101,057.7 \n5,786.5 \n25,167.1 \n139,688.0 \n2,369.4 \n102,677.4 \n25,029.7 \n612,711.4 \nAUGUST \n1,770.3 \n9,723.1 \n17,643.5 \n1,553.8 \n150,874.9 \n71,592.0 \n19,054.2 \n10,779.0 \n169,881.2 \n2,644.4 \n113,074.5 \n29,546.0 \n598,137.0 \nSEPTEMBER \n40,766.9 \n9,757.2 \n17,595.4 \n10,209.6 \n157,646.1 \n87,504.2 \n20,864.5 \n12,486.3 \n173,696.6 \n1,527.2 \n125,919.4 \n29,482.7 \n687,456.0 \nOCTOBER \n43,179.4 \n7,366.8 \n2,258.4 \n11,060.8 \n118,559.1 \n159,315.4 \n45,674.2 \n11,973.6 \n164,560.7 \n744.6 \n98,580.9 \n29,513.7 \n692,787.6 \nNOVEMBER \n24,169.8 \n8,708.3 \n2,551.4 \n12,523.2 \n165,553.2 \n155,945.5 \n43,847.5 \n13,222.0 \n132,189.4 \n552.7 \n138,372.4 \n29,491.4 \n727,126.8 \nDECEMBER \n8,574.8 \n9,071.2 \n2,371.6 \n8,068.6 \n169,324.2 \n150,460.6 \n39,469.1 \n90,808.8 \n155,859.5 \n944.4 \n104,850.7 \n29,324.4 \n769,127.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,879.0 \n8,509.2 \n1,960.3 \n9,793.9 \n125,257.8 \n76,835.2 \n39,381.2 \n27,399.4 \n62,806.6 \n1,704.9 \n63,106.3 \n3,976.3 \n436,610.0 \nFEBRUARY \n14,501.9 \n7,870.0 \n1,650.8 \n11,407.6 \n119,069.4 \n60,798.1 \n39,576.4 \n31,886.5 \n57,670.9 \n894..0 \n93,028.3 \n3,768.6 \n441,228.5 \n MARCH \n2,196.7 \n147.0 \n4.5 \n4,096.0 \n50,608.6 \n36,216.9 \n19,461.2 \n646.7 \n128,089.0 \n3,104.7 \n284,086.9 \n5,062.7 \n533,720.9 \nAPRIL \n4.1 \n0.0 \n0.0 \n0.0 \n40,152.1 \n6.2 \n12,546.2 \n2.8 \n38,392.5 \n0.0 \n14,594.4 \n5,101.6 \n110,799.9 \nMAY \n4.1 \n0.0 \n0.0 \n0.0 \n39,314.7 \n6.2 \n12,000.6 \n2.8 \n37,019.9 \n0.0 \n14,000.5 \n4,933.9 \n107,282.7 \nJUNE \n0.0 \n0.0 \n0.0 \n0.0 \n18,089.9 \n0.0 \n11,788.0 \n0.0 \n29,651.4 \n0.0 \n12,829.4 \n3,623.3 \n75,981.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n1999 \n2000 \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n2012 \n2013 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,530 \n3,227 \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4,951 \n5,175 \n6,096 \n6,607 \n7,370 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,461 \n2,249 \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4,037 \n4,095 \n4,638 \n4,929 \n5,012 \nBilateral Creditors \n935 \n1,050 \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2,308 \n2,325 \n2,597 \n2,694 \n2,928 \nMultilateral Creditors \n1,235 \n1,199 \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1,729 \n1,770 \n2,041 \n2,235 \n2,084 \nPrivate Creditors \n291 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n0 \n0 \nPublic Enterprises \n543 \n534 \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,092 \n1,198 \n1,356 \nBilateral Creditors \n316 \n301 \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n711 \n703 \n858 \nMultilateral Creditors \n224 \n233 \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n382 \n495 \n498 \nPrivate Creditors \n3 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \nMonetary Authorities \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nMultilateral Creditors - IMF \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nPrivate \n162 \n152 \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n366 \n480 \n1,002 \nShort-Term External Debt \n532 \n298 \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1,198 \n1,382 \n1,289 \n890 \n1,564 \nSupplier's Credits \n150 \n42 \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n134 \n30 \n0 \nReserve Bank \n \n \n \n \n \n \n \n \n \n \n642 \n642 \n618 \n614 \n614 \nPrivate \n382 \n256 \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n537 \n246 \n950 \nTotal External Debt \n4,062 \n3,525 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6,289 \n6,695 \n7,385 \n7,497 \n8,934 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n5,990 \n6,107 \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6,133 \n7,433 \n8,865 \n8,865 \n12,973 \nExternal Debt / GDP \n68% \n57.7% 31.4% 52.3% 75.7% 94.7% 136.3% \n63.9% \n110.5% 147.7% 102.5% \n90.1% \n83.3% 84.6% 68.9% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of \nFinance and Reserve Bank \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \nMay \n9.00-35.00 \n14.25 \n9.89 \n13.00-23.00 \n17.66 \n17.02 \nJun \n9.00-35.00 \n14.29 \n9.46 \n15.00-22.50 \n17.78 \n16.89 \nJul \n6.00-35.00 \n14.39 \n9.65 \n15.00-28.00 \n17.70 \n16.97 \nAug \n6.00-35.00 \n13.82 \n9.32 \n15.00-23.00 \n18.32 \n16.92 \nSep \n6.00-35.00 \n14.03 \n9.37 \n15.00-22.50 \n18.31 \n16.94 \nOct \n6.00-35.00 \n13.95 \n9.25 \n15.00-23.00 \n18.67 \n17.66 \nNov \n6.00-35.00 \n14.18 \n9.40 \n15.00-23.00 \n18.84 \n17.72 \nDec \n6.00-35.00 \n14.13 \n9.35 \n15.00-23.00 \n18.84 \n17.76 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n6.00-35.00 \n14.09 \n9.30 \n15.00-23.00 \n18.88 \n17.74 \nFeb \n6.00-35.00 \n14.08 \n9.32 \n15.00-23.00 \n18.88 \n17.73 \nMar \n6.00-35.00 \n14.24 \n9.27 \n15.00-23.00 \n18.88 \n17.73 \nApr \n6.00-35.00 \n14.22 \n9.12 \n15.00-23.00 \n18.88 \n17.73 \nMay \n6.00-35.00 \n14.39 \n9.25 \n15.00-23.00 \n18.87 \n17.74 \nJune \n6.00-35.00 \n14.44 \n9.33 \n15.00-23.00 \n19.00 \n18.00 \nJuly \n6.00-35.00 \n14.33 \n9.45 \n15.00-23.00 \n19.00 \n18.00 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n3. Lending rates exclude rates on staff loans. \n \n \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nMAY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJUNE \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJULY \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nAUGUST \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nOCTOBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nNOVEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nDECEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n2014 \n \n \n \nJANUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nFEBRUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nMARCH \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nAPRIL \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nMAY \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nJUNE \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nJULY \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates quoted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \n23 \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n24 \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \nMAY \n10.08 \n8.65 \n100.85 \n1.30 \n1.52 \nJUNE \n9.94 \n8.60 \n98.74 \n1.31 \n1.53 \nJULY \n9.83 \n8.49 \n98.31 \n1.33 \n1.53 \nAUGUST \n10.33 \n8.75 \n98.18 \n1.32 \n1.55 \nSEPTEMBER \n10.10 \n8.58 \n97.92 \n1.35 \n1.62 \nOCTOBER \n9.95 \n8.50 \n98.28 \n1.37 \n1.60 \nNOVEMBER \n10.19 \n8.64 \n102.33 \n1.36 \n1.64 \nDECEMBER \n10.43 \n8.72 \n105.02 \n1.38 \n1.65 \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11.21 \n9.09 \n102.47 \n1.35 \n1.65 \nFEBRUARY \n10.71 \n8.85 \n101.74 \n1.37 \n1.67 \nMARCH \n10.56 \n8.85 \n102.38 \n1.38 \n1.68 \nAPRIL \n10.57 \n8.85 \n102.38 \n1.38 \n1.68 \nMAY \n10.44 \n8.73 \n101.61 \n1.36 \n1.67 \nJUNE \n10.58 \n8.67 \n101.30 \n1.36 \n1.70 \nJULY \n10.68 \n8.85 \n102.76 \n1.36 \n1.69 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon \nFinan-\ncial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May \n250.9 \n400.9 \n198.2 \n296.7 \n253.5 \n75.4 \n5.3 \n1,480.8 \n25.8 \n2,673.2 \n389.8 \n208.0 \n382.9 \n5,160.5 \nJun \n227.2 \n416.4 \n171.9 \n257.5 \n271.8 \n75.5 \n5.3 \n1,425.8 \n26.0 \n2,698.3 \n364.1 \n217.8 \n384.6 \n5,116.5 \nJul \n266.5 \n352.8 \n164.2 \n266.1 \n263.8 \n110.2 \n6.4 \n1,429.9 \n26.5 \n2,701.3 \n337.1 \n229.8 \n387.0 \n5,111.7 \n Aug. \n322.8 \n277.9 \n136.4 \n242.5 \n237.8 \n61.1 \n6.4 \n1,285.0 \n26.2 \n2,813.0 \n367.0 \n218.3 \n385.2 \n5,094.7 \n Sep \n334.1 \n336.0 \n178.0 \n327.8 \n226.3 \n111.5 \n6.0 \n1,519.7 \n26.9 \n2773.3 \n298.8 \n234.7 \n386.4 \n5,239.8 \nOct \n379.4 \n387.5 \n137.1 \n219.7 \n260.9 \n99.4 \n5.0 \n1,489.0 \n17.3 \n2,809.1 \n316.7 \n257.3 \n371.5 \n5,260.9 \nNov \n333.3 \n312.7 \n160.2 \n197.1 \n261.1 \n108.6 \n6.5 \n1,379.5 \n26.6 \n2,789.7 \n291.3 \n235.4 \n369.8 \n5,092.3 \nDec \n 354.8 \n367.8 \n135.5 \n 287.3 \n199.9 \n118.0 \n6.6 \n1,469.9 \n28.4 \n2,799.5 \n490.8 \n259.5 \n347.6 \n5,395.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n356.9 \n395.3 \n134.1 \n253.1 \n153.0 \n119.2 \n5.4 \n1,417.0 \n27.9 \n2,866.4 \n516.1 \n362.2 \n353.9 \n5,543.5 \nFeb \n334.3 \n387.0 \n130.5 \n285.0 \n195.0 \n193.2 \n5.4 \n1,530.0 \n32.8 \n2,718.1 \n534.5 \n502.9 \n351.1 \n5,669.5 \nMar \n304.6 \n354.1 \n147.4 \n280.3 \n165.9 \n255.2 \n5.4 \n1,512.9 \n28.7 \n2,737.9 \n522.7 \n538.8 \n349.7 \n5,690.7 \n Apr \n353.3 \n367.8 \n154.4 \n274.9 \n205.7 \n247.0 \n5.4 \n1,608.4 \n32.5 \n2,844.6 \n534.1 \n345.3 \n348.6 \n5,713.6 \n May \n327.8 \n421.1 \n120.5 \n372.8 \n211.5 \n241.7 \n5.4 \n1,700.6 \n27.5 \n2,836.8 \n591.4 \n366.2 \n347.1 \n5,869.6 \nJun \n347.1 \n404.7 \n166.4 \n338.1 \n198.0 \n261.9 \n0.0 \n1,716.1 \n16.2 \n2,863.2 \n607.8 \n362.9 \n346.1 \n5,912.6 \nJul \n347.1 \n321.3 \n176.7 \n276.3 \n186.0 \n246.2 \n0.0 \n1,553.7 \n15.4 \n2,940.4 \n597.5 \n347.4 \n345.6 \n5,800.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nMay \n2,066.0 \n913.0 \n479.9 \n3,459.0 \n346.5 \n0.0 \n81.8 \n674.4 \n389.8 \n209.0 \n5,160.4 \n3,459.0 \nJun \n2,013.9 \n919.6 \n298.9 \n3,232.4 \n553.0 \n0.0 \n74.1 \n702.3 \n364.1 \n190.6 \n5,116.5 \n3,232.4 \nJul \n2,054.1 \n916.2 \n245.9 \n3,216.2 \n578.3 \n0.0 \n77.5 \n699.7 \n337.1 \n202.9 \n 5,111.7 \n3,216.2 \nAug \n2,017.4 \n879.5 \n253.2 \n3,150.1 \n608.2 \n0.0 \n63.8 \n694.9 \n367.0 \n210.8 \n5,094.7 \n3,150.1 \nSep \n2,082.1 \n899.3 \n294.5 \n3,275.8 \n674.6 \n0.0 \n 74.0 \n708.8 \n298.8 \n207.7 \n5,239.8 \n3,275.8 \nOct \n2,125.9 \n880.0 \n349.3 \n3,355.2 \n611.4 \n0.0 \n68.5 \n703.0 \n316.7 \n206.0 \n5,260.9 \n3,355.2 \nNov \n1,953.4 \n861.2 \n 371.6 \n3,186.2 \n627.8 \n0.0 \n75.8 \n689.7 \n291.3 \n221.6 \n5,092.3 \n3,186.2 \nDec \n 1,980.4 \n813.6 \n 517.1 \n3,311.1 \n614.0 \n0.0 \n65.0 \n730.9 \n490.8 \n 184.0 \n 5,395.7 \n3,311.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,153.6 \n802.7 \n403.5 \n3,359.8 \n661.3 \n0.0 \n55.9 \n592.9 \n516.1 \n357.5 \n5,543.5 \n3,359.8 \nFeb \n2,111.8 \n878.8 \n494.6 \n3,485.2 \n630.0 \n0.0 \n51.1 \n609.5 \n534.5 \n359.0 \n5,669.5 \n3,485.2 \nMar \n2,156.8 \n919.6 \n454.2 \n3,530.6 \n635.5 \n0.0 \n44.8 \n596.4 \n522.7 \n360.7 \n5,690.7 \n3,530.6 \n Apr \n2,267.5 \n958.3 \n435.7 \n3,661.5 \n553.5 \n0.0 \n17.0 \n595.0 \n534.1 \n352.4 \n5,713.6 \n3,661.5 \n May \n2,294.9 \n975.8 \n451.7 \n3,722.4 \n585.0 \n0.0 \n13.7 \n591.1 \n591.4 \n366.1 \n5,869.6 \n3,722.4 \nJun \n2,248.9 \n989.8 \n506.1 \n3,744.8 \n543.8 \n0.0 \n48.3 \n591.2 \n607.8 \n376.7 \n5,912.6 \n3,744.8 \nJul \n2,130.4 \n892.9 \n606.6 \n3,629.9 \n560.8 \n0.0 \n39.5 \n571.5 \n597.5 \n400.6 \n5,800.0 \n3,629.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \n \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJul \n1.9 \n1.3 \n2.8 \n2.2 \n3.4 \n0.0 \n11.6 \n0.0 \n264.0 \n34.8 \n51.7 \n35.5 \n397.6 \n \nAug \n1.4 \n1.7 \n0.4 \n0.6 \n3.4 \n0.0 \n7.4 \n0.0 \n265.6 \n34.5 \n45.5 \n37.3 \n390.3 \n \nSep \n1.2 \n0.8 \n0.0 \n0.3 \n3.4 \n0.0 \n5.7 \n0.0 \n233.7 \n35.8 \n46.6 \n38.6 \n360.4 \n \nOct \n0.9 \n0.5 \n0.4 \n0.6 \n2.5 \n0.0 \n4.8 \n0.0 \n234.8 \n35.6 \n41.3 \n38.7 \n355.2 \n \nNov \n0.4 \n0.6 \n0.1 \n0.2 \n2.5 \n0.0 \n3.9 \n0.0 \n231.9 \n35.5 \n39.6 \n38.3 \n349.2 \n \nDec \n1.1 \n0.5 \n0.1 \n0.4 \n2.5 \n0.0 \n4.6 \n0.0 \n232.7 \n35.5 \n29.2 \n40.5 \n342.5 \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n0.1 \n0.5 \n0.0 \n0.2 \n1.8 \n0.0 \n2.6 \n0.0 \n81.3 \n10.0 \n23.5 \n34.7 \n152.1 \n \nFeb \n0.2 \n0.4 \n0.1 \n0.1 \n1.8 \n0.0 \n2.5 \n0.0 \n77.6 \n9.0 \n24.1 \n34.6 \n147.9 \n \nMar \n0.1 \n0.1 \n0.1 \n0.1 \n1.6 \n0.0 \n2.0 \n0.0 \n53.2 \n8.7 \n21.8 \n32.5 \n118.1 \n \nApr \n0.1 \n0.4 \n0.2 \n0.3 \n1.6 \n0.0 \n2.6 \n0.0 \n75.2 \n8.5 \n22.2 \n32.4 \n140.9 \n \nMay \n0.2 \n0.4 \n0.0 \n0.1 \n0.3 \n0.0 \n0.9 \n0.0 \n68.7 \n0.1 \n14.6 \n30.3 \n114.6 \n \nJun \n0.2 \n0.2 \n0.1 \n0.1 \n0.6 \n0.0 \n1.2 \n0.0 \n66.8 \n0.1 \n14.7 \n29.6 \n112.4 \n \nJul \n0.2 \n0.3 \n0.0 \n0.1 \n0.3 \n0 \n0.9 \n0.0 \n66.9 \n0.1 \n12.9 \n28.7 \n109.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nMay \n112.2 \n67.1 \n54.4 \n233.6 \n46.7 \n0.0 \n1.2 \n-99.4 \n34.6 \n174.3 \n391.0 \n233.6 \nJun \n114.6 \n56.2 \n52.3 \n223.1 \n46.7 \n0.0 \n1.2 \n-91.2 \n34.6 \n191.2 \n405.6 \n223.1 \nJul \n111.3 \n82.7 \n27.0 \n220.9 \n47.1 \n0.0 \n1.2 \n-94.1 \n34.8 \n187.8 \n397.6 \n220.9 \nAug \n109.5 \n80.6 \n 25.2 \n215.2 \n47.5 \n0.0 \n1.2 \n-101.7 \n34.5 \n 193.6 \n390.3 \n 215.2 \nSep \n111.2 \n82.6 \n19.0 \n212.8 \n47.9 \n0.0 \n1.2 \n-114.9 \n35.8 \n177.8 \n360.4 \n212.8 \nOct \n112.5 \n80.4 \n14.9 \n207.8 \n48.3 \n0.0 \n1.2 \n-114.3 \n35.6 \n176.7 \n355.2 \n207.8 \nNov \n122.6 \n59.7 \n20.0 \n202.3 \n48.2 \n0.0 \n1.2 \n-118.2 \n35.5 \n180.2 \n349.2 \n202.3 \nDec \n134.5 \n56.4 \n6.9 \n 197.8 \n48.9 \n0.0 \n1.2 \n-127.6 \n35.5 \n186.7 \n342.5 \n 197.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n36.8 \n57.7 \n5.7 \n100.1 \n11.7 \n0.0 \n0.0 \n0.7 \n10.0 \n29.6 \n152.1 \n100.1 \nFeb \n47.6 \n48.3 \n0.0 \n95.8 \n11.7 \n0.0 \n0.0 \n-10.9 \n9.0 \n42.3 \n147.9 \n95.8 \nMar \n41.0 \n55.8 \n0.0 \n96.9 \n12.0 \n0.0 \n0.0 \n-17.7 \n8.7 \n18.4 \n118.1 \n96.9 \nApr \n57.4 \n40.3 \n0.0 \n97.7 \n12.2 \n0.0 \n0.0 \n-19.8 \n8.5 \n42.4 \n140.9 \n97.7 \nMay \n42.8 \n34.6 \n0.0 \n77.4 \n0.0 \n0.0 \n0.0 \n4.7 \n0.1 \n32.5 \n114.6 \n77.4 \nJun \n42.8 \n33.2 \n0.0 \n76.0 \n0.0 \n0.0 \n0.0 \n2.3 \n0.1 \n33.7 \n112.3 \n76.0 \nJul \n42.6 \n33.8 \n0.0 \n76.3 \n0.0 \n0.0 \n0.0 \n-8.7 \n0.1 \n41.8 \n109.6 \n76.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \nJan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \nFeb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \nMar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \nApr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \nMay \n30.2 \n179.6 \n0.2 \n20.3 \n230.0 \n307.3 \n120.3 \n40.4 \n121.9 \n820.0 \nJun \n28.6 \n178.8 \n0.0 \n20.0 \n227.3 \n314.2 \n122.4 \n44.6 \n121.8 \n830.3 \nJul \n26.1 \n207.4 \n0.0 \n20.0 \n253.5 \n312.4 \n123.1 \n48.6 \n121.6 \n859.2 \nAug \n34.7 \n204.1 \n0.0 \n20.0 \n258.8 \n320.6 \n123.0 \n46.4 \n124.1 \n872.9 \nSep \n36.4 \n204.9 \n0.0 \n20.0 \n261.3 \n353.4 \n122.7 \n52.2 \n124.6 \n914.2 \nOct \n39.3 \n186.8 \n0.0 \n20.0 \n246.1 \n358.4 \n128.2 \n51.8 \n122.4 \n906.9 \nNov \n39.7 \n163.1 \n0.0 \n40.0 \n242.8 \n361.6 \n135.8 \n43.6 \n122.9 \n906.7 \nDec \n34.8 \n158.8 \n0.0 \n40.0 \n233.6 \n381.5 \n127.7 \n55.2 \n123.0 \n920.9 \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \nJan \n30.9 \n147.5 \n0.2 \n40.0 \n218.6 \n384.5 \n136.4 \n64.4 \n125.3 \n929.1 \nFeb \n30.2 \n165.0 \n0.2 \n40.0 \n235.3 \n385.8 \n132.0 \n65.4 \n125.4 \n943.9 \nMar \n47.5 \n166.2 \n0.2 \n40.0 \n253.8 \n390.4 \n132.1 \n68.8 \n125.0 \n970.1 \nApr \n45.2 \n161.0 \n0.2 \n40.0 \n246.5 \n401.8 \n132.4 \n76.6 \n124.7 \n981.9 \nMay \n47.7 \n190.7 \n0.2 \n40.0 \n278.6 \n394.0 \n147.0 \n82.7 \n124.3 \n1,026.7 \nJun \n39.5 \n187.9 \n0.0 \n40.0 \n267.4 \n400.0 \n150.4 \n84.0 \n124.4 \n1,026.1 \nJul \n40.6 \n180.9 \n0.0 \n40.0 \n261.5 \n431.8 \n159.4 \n84.1 \n124.4 \n1,061.2 \n \n \n \n \n \n \n \n \n \n \n \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n May \n315.3 \n212.0 \n527.4 \n193.3 \n23.4 \n820.0 \n527.4 \n Jun \n309.0 \n222.6 \n531.6 \n198.3 \n100.4 \n830.3 \n531.6 \n Jul \n339.1 \n222.8 \n561.9 \n202.0 \n95.3 \n859.2 \n561.9 \n Aug \n298.4 \n270.1 \n568.4 \n206.3 \n98.2 \n872.9 \n568.4 \n Sep \n336.1 \n246.9 \n583.0 \n209.2 \n122.0 \n914.2 \n583.0 \n Oct \n310.9 \n264.9 \n575.8 \n212.0 \n119.4 \n907.2 \n575.8 \n Nov \n328.9 \n244.3 \n573.1 \n214.8 \n118.8 \n906.7 \n573.1 \n Dec \n370.3 \n197.3 \n567.6 \n219.6 \n133.9 \n921.0 \n567.6 \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n313.9 \n253.1 \n567.0 \n225.9 \n136.2 \n929.1 \n567.0 \nFeb \n318.7 \n264.4 \n583.1 \n228.6 \n132.2 \n943.9 \n583.1 \nMar \n374.6 \n234.6 \n609.2 \n231.4 \n129.5 \n970.1 \n609.2 \nApr \n358.4 \n262.7 \n621.1 \n234.0 \n126.8 \n981.9 \n621.1 \nMay \n436.2 \n233.2 \n669.4 \n238.0 \n119.1 \n1,026.7 \n669.4 \nJun \n440.1 \n212.2 \n652.3 \n243.1 \n130.9 \n1,026.3 \n652.3 \nJuly \n362.4 \n302.9 \n665.3 \n244.2 \n151.9 \n1,061.3 \n665.3 \n \n \n \n \n \n \n \n \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \nApr \n189.66 \n71.98 \n4,894.68 \nMay \n212.72 \n73.99 \n5,471.22 \nJun \n211.19 \n73.29 \n5,436.57 \nJul \n232.87 \n66.77 \n5,9136.78 \nAug \n181.67 \n48.73 \n4,682.27 \nSep \n200.05 \n49.90 \n5,157.20 \nOct \n209.74 \n52.68 \n5,407.42 \nNov \n213.04 \n47.02 \n5,482.03 \nDec \n202.12 \n45.79 \n5,203.13 \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n189.25 \n35.40 \n4,882.11 \nFeb \n189.45 \n39.24 \n4,906.94 \nMar \n176.32 \n29.51 \n4,560.29 \nApr \n172.91 \n29.64 \n4,473.51 \nMay \n174.89 \n35.45 \n4,485.11 \nJun \n186.57 \n61.32 \n4,873.40 \nJuly \n188.07 \n95.00 \n4,959.21 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \nMay \n1,393.0 \n121.5 \n66.2 \n527.4 \n2,108.0 \nJune \n1,218.4 \n108.6 \n70.6 \n531.6 \n1,929.2 \nJuly \n1,162.1 \n109.7 \n70.8 \n561.9 \n1,904.5 \nAugust \n1,132.7 \n105.8 \n70.4 \n568.4 \n1,877.2 \nSeptember \n1,193.8 \n101.6 \n69.8 \n583.0 \n1,948.2 \nOctober \n1,229.3 \n95.2 \n69.3 \n575.8 \n1,969.7 \nNovember \n1,232.8 \n79.7 \n73.4 \n573.1 \n1,959.0 \nDecember \n1,330.7 \n63.3 \n72.7 \n567.6 \n2,034.3 \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,206.2 \n63.3 \n70.1 \n567.0 \n1,906.7 \nFebruary \n1,373.4 \n48.3 \n71.5 \n583.1 \n2,076.3 \nMarch \n1,373.8 \n55.8 \n75.1 \n609.2 \n2,113.9 \nApril \n1,394.0 \n40.3 \n81.0 \n621.1 \n2,136.4 \nMay \n1,427.5 \n34.6 \n77.5 \n669.4 \n2,209.0 \nJune \n1,495.8 \n33.2 \n81.3 \n652.3 \n2,262.6 \nJuly \n1,499.5 \n33.8 \n84.2 \n665.3 \n2,282.80 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n1,035.2 \n200.3 \n36.2 \n66.0 \n-29.8 \nFebruary \n1,244.9 \n1,025.4 \n219.5 \n26.9 \n67.3 \n-40.4 \nMarch \n1,277.6 \n1,016.2 \n261.4 \n8.9 \n65.8 \n-57.0 \nApril \n1,491.7 \n1,050.1 \n441.6 \n23.4 \n68.5 \n-45.1 \nMay \n1,480.8 \n1,037.7 \n443.1 \n27.3 \n70.1 \n-42.8 \nJune \n1,425.8 \n969.7 \n456.0 \n24.1 \n66.9 \n-42.8 \nJuly \n1,429.9 \n964.9 \n465.1 \n11.6 \n66.3 \n-54.7 \nAugust \n1,285.0 \n945.0 \n340.0 \n7.4 \n64.6 \n-57.2 \nSeptember \n1,519.7 \n982.7 \n536.9 \n5.7 \n63.8 \n-58.1 \nOctober \n1,489.0 \n1,006.6 \n482.5 \n4.8 \n62.3 \n-57.5 \nNovember \n1,379.5 \n955.9 \n423.7 \n3.9 \n60.7 \n-56.8 \nDecember \n1,469.9 \n993.3 \n476.6 \n4.6 \n59.3 \n-54.7 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,417.0 \n1,007.9 \n409.0 \n2.6 \n30.0 \n-27.4 \nFebruary \n1,466.6 \n1,045.6 \n421.0 \n2.5 \n28.7 \n-26.2 \nMarch \n1,512.9 \n1,059.2 \n453.7 \n2.0 \n29.1 \n-27.1 \nApril \n1,608.4 \n1,098.5 \n509.9 \n2.6 \n29.3 \n-26.7 \nMay \n1,700.6 \n1,116.7 \n583.9 \n0.9 \n23.2 \n-22.3 \nJune \n1,716.1 \n1,123.4 \n592.7 \n1.2 \n22.8 \n-21.6 \nJuly \n1,553.7 \n1,089.0 \n464.7 \n0.9 \n22.9 \n-22.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from May 2012, the prescribed liquid asset ratio was reviewed to 30% of liabilities to the public. \n35 \nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nValues of Transactions (US$ in millions) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n3,563.84 \n5.24 \n80.72 \n173.71 \n115.53 \n89.67 \nFeb \n2,968.02 \n5.52 \n103.88 \n156.66 \n118.70 \n80.56 \nMar \n3,339.98 \n15.21 \n134.33 \n178.08 \n118.47 \n102.05 \nApr \n3,535.58 \n16.58 \n140.28 \n187.85 \n160.61 \n123.03 \nMay \n3,915.31 \n15.42 \n129.20 \n203.37 \n211.75 \n152.24 \nJun \n3,544.35 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJul \n3,955.45 \n12.31 \n132.61 \n205.37 \n164.08 \n139.13 \nAug \n3,351.13 \n10.45 \n138.05 \n203.41 \n189.48 \n128.68 \nSep \n3,409.17 \n13.34 \n120.41 \n190.44 \n173.13 \n142.32 \nOct \n3,641.98 \n13.75 \n121.55 \n206.51 \n201.51 \n156.26 \nNov \n3,134.35 \n11.40 \n102.19 \n229.52 \n222.18 \n57.34 \nDec \n3,438.08 \n4.04 \n130.15 \n265.80 \n268.94 \n68.58 \n \n \n \n \n \n \n \nAnnual Total \n41,797.24 \n136.91 \n1,450.48 \n2,382.07 \n2,091.02 \n1,361.84 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n3,093.01 \n5.24 \n102.26 \n233.10 \n228.25 \n68.31 \nFeb \n2,954.93 \n10.73 \n96.27 \n193.90 \n217.14 \n64.42 \nMar \n3,332.79 \n10.40 \n103.58 \n232.94 \n255.32 \n87.94 \nApr \n3,439.33 \n9.66 \n126.26 \n253.16 \n264.38 \n96.29 \nMay \n3,915.31 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJune \n3,657.44 \n12.42 \n110.38 \n250.87 \n284.18 \n104.28 \nJuly \n3,955.45 \n11.72 \n125.81 \n267.00 \n312.35 \n101.75 \n \n \n \n \n \n \n \n36 \nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nVolumes of Transactions (in thousands) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n181.68 \n21.18 \n761.09 \n691.18 \n6,950.84 \n47.53 \nFeb \n172.41 \n21.95 \n811.83 \n620.06 \n6,835.89 \n30.75 \nMar \n179.44 \n37.01 \n1,377.65 \n743.82 \n7,042.27 \n33.69 \nApr \n182.87 \n37.31 \n954.80 \n760.46 \n9,908.41 \n34.73 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n185.80 \n34.36 \n968.54 \n731.17 \n9,110.97 \n36.87 \nJul \n205.85 \n35.41 \n1,052.26 \n822.57 \n10,099.72 \n42.74 \nAug \n187.25 \n30.29 \n1,114.86 \n825.75 \n11,551.94 \n41.78 \nSep \n201.22 \n33.17 \n1,003.98 \n799.62 \n8,701.56 \n44.48 \nOct \n212.66 \n35.69 \n1,073.88 \n873.19 \n9,769.81 \n48.59 \nNov \n186.64 \n31.74 \n904.27 \n927.93 \n14,753.35 \n24.04 \nDec \n180.80 \n11.82 \n1,033.73 \n1,042.32 \n12,273.02 \n23.56 \n \n \n \n \n \n \n \nAnnual Total \n2,291.82 \n367.02 \n12,011.07 \n9,631.50 \n119,144.68 \n447.44 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n182.48 \n29.41 \n973.79 \n815.89 \n11,141.19 \n24.19 \nFeb \n175.09 \n32.95 \n991.91 \n799.12 \n10,631.60 \n25.10 \nMar \n192.02 \n32.35 \n1,163.76 \n947.64 \n12,859.50 \n30.82 \nApr \n183.63 \n28.12 \n1,184.85 \n974.37 \n13,298.04 \n29.23 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n193.58 \n32.98 \n1,164.73 \n966.45 \n14,163.56 \n34.25 \nJuly \n199.59 \n34.34 \n1,272.91 \n1038.44 \n15,370.63 \n37.68", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/July2014.pdf"}

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+{"doc_id": "0f8c1ccc13dd78943706c3a0906df080", "text": "MONTHLY ECONOMIC REVIEW \nFEBRUARY 2014 \nSelected Economic Indicators \n2 \nStock Market Developments \n3 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \n \n \nMonetary Developments \n5 \nINSIDE THIS ISSUE \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2014 \nJanuary \n2014 \nFebruary \nZ.S.E. Mining Index1 \n35.40 \n39.24 \nZ.S.E. Industrial Index1 \n189.25 \n189.45 \nMoney Supply (Total Bank Deposits) (US$)2 \n3.89 billion \n4.02 billion \nMoney Supply (M3) Annual Growth2 \n2.11% \n5.46% \nYearly Inflation3 \n0.41% \n-0.49% \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 ZIMSTAT \n \n \n \nMonth on \nMonth \nChange \n10.85% \n0.11% \n3.34% \n3.34% \n0.05% \n \nSTOCK MARKET DEVELOPMENTS \n \nGlobal risk appetite was on a rise in February \n2014 underpinned by better than expected \nearnings in most United States companies. \nThis was so despite weak economic data \nbeing recorded in the US economy. With the \nexception of the Nigerian Stock Market, \nwhich registered a decline largely due to \ndeclines in banking counters, most African \nstock markets, including the Zimbabwe \nStock Exchange (ZSE) registered positive \nperformance in the period under review. \n \nThe key industrial index broke its declining \ntrend and recovered by a marginal 0.11% \nbetween January and February 2014, ending \nFebruary at 189.45 points, compared to \n189.25 points in January. On a year to date \nbasis, however, the industrial index lost \n6.21%. \n \nThe mining index also recovered, to close \nthe month under review at 39.24 points, up \nfrom 35.40 points in January. This increase \nreflected a 10.85% month-on-month gain, \nagainst a year-to-date loss of 14.30%. \n \nThe volume of shares traded declined by \n16.29%, from 162.64 points in January 2014 \nto 136.16 points in February 2014. Total \nturnover also declined by 55.33%, due to the \nabsence of special bargain deals, to close the \nmonth under review at US$25.82 million. \n \nMarket capitalization rose by 0.51% to \nUS$4.91 billion, at the end of February \n \n2 3 \n0.00\n0.50\n1.00\n1.50\n2.00\n2.50\n3.00\n3.50\n4.00\n4.50\n0\n5\n10\n15\n20\n25\nValues Traded (US$ Millions)\nVolumes Traded (Millions)\nZSE: Daily Volumes and Values \nTraded\nVolume\nTurnover\n0\n20\n40\n60\n80\n100\n120\n140\n160\n180\n200\n220\n240\n260\n28-Mar-12\n28-Apr-12\n28-May-12\n28-Jun-12\n28-Jul-12\n28-Aug-12\n28-Sep-12\n28-Oct-12\n28-Nov-12\n28-Dec-12\n28-Jan-13\n28-Feb-13\n28-Mar-13\n28-Apr-13\n28-May-13\n28-Jun-13\n28-Jul-13\n28-Aug-13\n28-Sep-13\n28-Oct-13\n28-Nov-13\n28-Dec-13\n28-Jan-14\n28-Feb-14\nZSE Indices\nIndustrial\nMining\n \n2 4 \n2014, from US$4.89 billion at the close of \nJanuary 2014. \n \n \nMONETARY DEVELOPMENTS \n \nThe sluggish performance of the economy \ncontinued to hamper robust growths rates in \nthe broad money. The main sources of \nliquidity under the multicurrency system are \nexports, external lines of credit and Diaspora \nremittances, given that the Central Bank \ncannot inject liquidity into the economy. \nThese have not managed to generate enough \nliquidity to support economic activity and \nachieve desirable levels of money supply \ngrowth. \nConsequently, broad money registered a \nmodest 5.46% annual growth in February \n2014, compared to 12.91% over the same \nperiod last year. This reflected an increase \nof US$208.96 million in broad money, from \nUS$3 813.62 million in February 2013, to \nUS$4 021.78 million in February 2014. The \ngrowth in broad money was sustained by an \nexpansion in aggregate deposits during the \nperiod under review. \nSupported \nlargely \nby \ninflows \nfrom \nparastatals and partly reflecting limited \nalternative low risk investments, long term \ndeposits registered a 33.75% annual growth \nduring the period under review. Over the \nsame period, demand and savings deposits \n3.1 \n3.2 \n3.3 \n3.4 \n3.5 \n3.6 \n3.7 \n3.8 \n3.9 \n4.0 \n4.1 \n-2\n3\n8\n13\n18\n23\n28\n33\n38\nUS$ Billions\n%\nMoney Supply\nM3\nM3 Annual Growth\nUnder 30-\nday, 18.8\n%\nLongterm \n, 18.8%\nDemand, 5\n0.3%\nSavings, 1\n2.1%\nBanking Sector Deposits \nFebruary 2014\n \n3 5 \nrecorded annual growths of 2.21% and \n16.19%, respectively. Maturities in short \nterm deposits resulted in this class of \ndeposits declining by 11.07%, during the \nperiod of analysis. \n \nOn the sources side, annual broad money \ngrowth was mainly driven by bank credit to \nGovernment during the period under review. \nThis was largely due to the Government’s \naggressive issuance of Treasury Bills and \nbonds through private placements. \n \nThese instruments are of varied tenors, \nranging from 92 days to 1 461 days. \nUnanticipated \ndeclines \nin \nGovernment \ndeposits also worsened the net credit to \nGovernment position. On an annual basis, \nGovernment deposits declined by 89.35% in \nDecember 2013, 3.60% in January 2014 and \n0.89% in February 2014. Net credit to Gov-\nernment consequently rose from US$153.16 \nmillion in February 2013 to US$415.05 mil-\nlion by February 2014. \n \nGrowth in commercial banks’ credit to the \nprivate sector fell significantly, from an \nannual growth of 28.77% in February 2013 to \n1.50% in February 2014. Tighter credit \npolicies, as a result of rising nonperforming \nloans, as well as a slowdown in the growth of \nthe deposit base, resulted in a slump in private \nsector credit developments. \n \nClaims on the private sector were in the form \nof loans and advances, 78.22%; mortgages \nadvanced by building societies, 10.64%; bills \ndiscounted, 2.08%; bankers’ acceptances, \n1.54%; and other investments, 7.53%. \n \nThe outstanding loans and advances were \nmainly to households (19.40%); agriculture \n(19.26%); distribution (17.34%); and services \n(15.29%). \n \nCredit to the private sector was mainly util-\nized for asset purchases (42.88%) as well as \ninventory build-up (34.12%). Loans and ad-\nvances utilized for fixed investment activity \nhave remained low, with the procurement of \nplant and equipment accounting for 3.82% \nand pre and post shipment financing at 0.83%, \nof total loans and advances. \n \n \n \nLoans and \nAdvances\n78%\nBills \nDiscounte\nd\n2%\nBankers \nAcceptanc\nes\n2%\nMortgages\n11%\nOther \nInvestmen\nts\n7%\nCredit to Private Sector\nTotal credit to the private sector as at the end of \nFebruary 2014 was US$3 626.99 million.\n4 \n \n6 \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nThe annual headline inflation decelerated to \n-0.49% in February, from 0. 41% in January \n2014, marking the onset of a deflationary \neconomic environment. The decline was on \naccount of a slowdown in both food and \nnon-food inflation. \nAnnual food inflation slowed down to \n-3.26% in February, from -2.08% in January \n2014, while non-food inflation also receded \nto 0.93% from 1.67% during the same \nperiod. \nThe decrease in annual food inflation was \nlargely driven by sugar, jam, honey, \nchocolate and confectionery, vegetables, \nmeat, fruits and mineral waters, soft drinks \nand fruit juices, fish and sea food, milk, \ncheese and eggs; oils and fats, as well as \nbread and cereals sub-categories. \nAnnual non-food inflation was driven by \neducation; housing, water, electricity, gas \nand other fuels; hotels and restaurants; \ntransport; alcoholic beverages and tobacco; \nand health services. The decline in annual \nnon-food inflation can be attributed to the \ndecreases in communication, recreation and \nculture, \nand \nfurniture \nand \nequipment \ninflation. \n \nMonth-on-Month Inflation \nMonth-on-month inflation declined by 0.1 \npercentage points to 0.05%, from the January \n2014 rate of 0.14%, following decreases in \nthe prices of food and non-alcoholic \nbeverages. \nMonthly food inflation stood at 0.18% in \nFebruary, down from 0.44% in January 2014. \nDecreases were recorded for sugar, jam, \nhoney, chocolate and confectionery, oils and \nfats, and mineral waters, soft drinks and fruit \njuices items. \nMonthly non-food inflation was -0.01% in \nFebruary, up from -0.08% in January 2014. \n-4\n-3\n-2\n-1\n0\n1\n2\n3\n4\n5\n6\n7\nDec-11\nFeb-12\nApr-12\nJun-12\nAug-12\nOct-12\nDec-12\nFeb-13\nApr-13\nJun-13\nAug-13\nOct-13\nDec-13\nFeb-14\nAnnual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n7 \nDeclines in the prices of water, electricity, \ngas and other fuels as well as furniture and \nequipment depressed non-food inflation in \nFebruary 2014. \n \nInflation Outlook \n \nThe rise in international oil prices from an \naverage of US$107.44 per barrel in January \nto about US$108.69 per barrel in February \n2014, if sustained, is expected to increase \ninflationary pressures in the economy. \nHowever, the expected bumper harvest \nfollowing a favorable agricultural season is \nexpected to exert downward pressure on food \nprices from May 2014, with the effect of \nfurther reducing inflation. \n \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through \nthe \nRTGS \nsystem \nin \nFebruary \n2014 \ndecreased by 4% to US$3 billion, from \nUS$3.1 billion in January 2014, while the \nvolume of transactions also registered a \ndecrease of 4% from 182 479 to 175 092 in \nthe same period. \nCard Systems \nThe total value of card based transactions \ndecreased by 13.48% to US$290.17 million in \nFebruary 2014, from US$335.36 million in \nJanuary 2014. \nMobile and Internet Based Transactions \n \nThe value of mobile and internet based \ntransactions decreased by 5.06%, from \n-\n0.5 \n1.0 \n1.5 \n2.0 \n2.5 \n3.0 \n3.5 \n4.0 \n4.5 \n-\n50 \n100 \n150 \n200 \n250 \nOct-11\nJan-12\nApr-12\nJul-12\nOct-12\nJan-13\nApr-13\nJul-13\nOct-13\nJan-14\nValue in US$ Billions\nVolume in Thousands\nZETSS Volumes and Values\nValue\nVolume\n8 \nUS$296.56 million in January 2014 to \nUS$281.56 million in February 2014. \nCheques \n \nThe value of cheque transactions, however, \nincreased to US$10.73 million in February \n2014, from US$5.24 million in January \n2014. \n \nReserve Bank of Zimbabwe \nMarch 2014 \n \n \n \n \n \n \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n35 \n \n13.2 Volumes of Transactions \n \n \n \n \n36 \n10 \n11 \nJanuary\nFebruary\nMarch\nApril\nMay\nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nFebruary\nRBZ Demand Deposits\n78.6\n \n78.3\n \n77.3\n \n78.6\n \n74.5\n \n73.0\n \n73.5\n \n71.9\n \n72.8\n \n73.3\n \n72.6\n \n71.9\n \n69.7\n \n71.1\n \nComm. Banks Dem. Deposits\n1,924,517.4\n \n1,875,465.4\n \n1,860,664.0\n \n1,979,220.0\n \n1,932,968.1\n \n1,874,568.0\n \n1,926,968.4\n \n1,901,793.3\n \n1,952,024.0\n \n1,971,838.8\n \n1,821,288.9\n \n1,825,413.5\n \n2,039,955.9\n \n1,974,493.8\n \nMerchant Banks Dem. Deposits\n106,935.2\n \n102,797.7\n \n104,281.4\n \n107,324.1\n \n112,173.4\n \n114,560.5\n \n111,261.1\n \n109,449.6\n \n111,153.9\n \n112,536.2\n \n122,639.2\n \n134,494.8\n \n36,792.2\n \n47,555.9\n \nM1\n2,031,531.2\n \n1,978,341.4\n \n1,965,022.7\n \n2,086,622.6\n \n2,045,215.9\n \n1,989,201.5\n \n2,038,303.0\n \n2,011,314.8\n \n2,063,250.8\n \n2,084,448.30\n \n1,944,000.70\n \n1,959,980.2\n \n2,076,817.8\n \n2,022,120.8\n \nComm. Banks Savings Deposits\n193,007.6\n \n192,683.5\n \n201,459.2\n \n194,873.4\n \n221,622.3\n \n229,386.7\n \n201,667.8\n \n187,394.4\n \n227,599.9\n \n209,966.7\n \n201,724.6\n \n281,785.8\n \n215,665.0\n \n230,541.1\n \nBuilding Soc. Savings Deposits\n159,093.7\n \n168,605.4\n \n168,484.1\n \n170,975.7\n \n192,634.8\n \n189,753.8\n \n195,606.6\n \n189,953.1\n \n191,553.5\n \n187,410.7\n \n200,415.2\n \n204,200.7\n \n196,806.6\n \n195,707.7\n \nP O S B Savings Deposits\n55,832.5\n \n56,274.2\n \n57,860.7\n \n55,236.9\n \n56,544.5\n \n60,117.8\n \n60,162.5\n \n51,322.2\n \n58,974.0\n \n50,457.7\n \n60,845.4\n \n62,044.0\n \n58,314.5\n \n58,920.4\n \nComm. Banks U-30 Day Deposits\n632,215.7\n \n708,500.6\n \n734,849.5\n \n786,076.0\n \n637,041.1\n \n629,544.6\n \n663,617.3\n \n643,559.0\n \n606,360.8\n \n614,427.6\n \n605,429.9\n \n489,493.1\n \n552,134.9\n \n596,106.0\n \nMerchant Banks U-30 Day Deposits\n91,671.2\n \n65,975.9\n \n62,324.3\n \n64,604.1\n \n67,104.2\n \n56,223.1\n \n82,650.4\n \n80,569.1\n \n82,581.6\n \n80,368.8\n \n59,721.1\n \n56,379.8\n \n47,277.8\n \n48,250.7\n \nBuilding Soc. U- 30 Day Deposits\n60,885.9\n \n77,091.9\n \n82,098.1\n \n81,944.4\n \n122,672.1\n \n119,217.4\n \n121,325.5\n \n99,842.7\n \n138,431.2\n \n113,495.4\n \n118,360.9\n \n155,932.2\n \n107,130.3\n \n112,927.5\n \nM2\n3,224,237.8\n \n3,247,472.9\n \n3,272,098.6\n \n3,440,333.1\n \n3,342,834.9\n \n3,273,444.8\n \n3,363,333.0\n \n3,263,955.2\n \n3,368,751.9\n \n3,340,575.20\n \n3,190,497.80\n \n3,209,815.8\n \n3,254,146.90\n \n3,264,574.20\n \nComm. Banks O-30 Day Deposits\n351,356.6\n \n297,613.9\n \n249,558.5\n \n223,799.1\n \n387,930.6\n \n268,082.1\n \n219,826.9\n \n223,258.1\n \n257,854.4\n \n308,773.8\n \n328,511.0\n \n496,391.7\n \n352,689.2\n \n468,960.6\n \nMerchant Banks O-30 Day Deposits\n21,339.0\n \n55,714.0\n \n52,841.7\n \n56,349.4\n \n54,361.5\n \n52,329.5\n \n27,019.2\n \n25,199.0\n \n19,024.4\n \n14,876.1\n \n19,965.3\n \n6,900.3\n \n5,665.1\n \n-\n \nBuilding Soc. O- 30 Day Deposits\n192,823.3\n \n194,226.7\n \n203,912.9\n \n226,550.8\n \n212,044.5\n \n222,591.8\n \n222,795.8\n \n264,539.8\n \n242,907.0\n \n264,867.2\n \n244,283.7\n \n197,343.9\n \n253,060.8\n \n264,395.8\n \nBuilding Soc. Other Share Deposits\n10,141.6\n \n10,141.6\n \n11,266.6\n \n11,266.6\n \n11,266.5\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \nP O S B Time Deposits\n8,497.2\n \n8,447.9\n \n8,845.8\n \n8,443.5\n \n9,703.5\n \n10,492.4\n \n10,680.2\n \n8,018.0\n \n10,855.2\n \n11,324.0\n \n12,586.1\n \n10,606.9\n \n11,816.7\n \n12,582.4\n \nM3\n3,808,395.5\n \n3,813,616.9\n \n3,798,524.1\n \n3,966,742.5\n \n4,018,141.5\n \n3,838,207.3\n \n3,854,921.7\n \n3,796,236.7\n \n3,910,659.4\n \n3,951,682.90\n \n3,807,110.40\n \n3,932,325.1\n \n3,888,645.3\n \n4,021,779.6\n \n2013\nTABLE 1.1 : MONETARY AGGREGATES\n US$ Thousands\n2014\n12 \nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nNET FOREIGN ASSETS \n-485,643.4\n-478,669.1\n-627,094.5\n-477,210.6\n-488,616.3\n-770,401.9\n-822,415.5\n-884,443.1\n-814,488.4\n-850,336.4\n-1,001,798.9\n-810,172.3\n-846,622.1\n-799,433.7\n Assets\n994,812.7\n988,575.6\n867,399.6\n983,189.5\n1,065,690.2\n994,502.1\n967,794.1\n931,989.0\n1,075,508.0\n994,326.1\n856,654.9\n1,042,166.0\n1,009,920.7\n1,032,518.9\n Reserve Bank (RBZ)\n454,346.1\n421,879.3\n367,092.8\n412,155.0\n471,664.8\n461,797.0\n362,306.8\n287,616.2\n344,785.1\n322,450.3\n264,826.8\n338,487.8\n354,820.2\n365,075.8\n Deposit Money Banks (DMBs) \n507,151.4\n529,296.5\n469,834.9\n537,446.4\n547,557.0\n488,238.1\n536,681.8\n567,196.5\n663,455.7\n600,622.7\n531,059.0\n643,560.1\n610,318.8\n619,567.7\n Other Banking Institutions (OBIs) \\\n33,315.2\n37,399.9\n30,471.9\n33,588.1\n46,468.4\n44,467.0\n68,805.5\n77,176.2\n67,267.3\n71,253.1\n60,769.1\n60,118.1\n44,781.8\n47,875.4\n Liabilities \\2\n-1,480,456.0\n-1,467,244.7\n-1,494,494.1\n-1,460,400.2\n-1,554,306.5\n-1,764,904.0\n-1,790,209.6\n-1,816,432.1\n-1,889,996.4\n-1,844,662.6\n-1,858,453.8\n-1,852,338.3\n-1,856,542.9\n-1,831,952.5\n RBZ\n1,149,023.6\n1,141,623.5\n1,135,073.4\n1,140,521.7\n1,134,105.5\n1,138,062.0\n1,143,126.7\n1,139,865.9\n1,146,634.4\n1,150,527.4\n1,147,979.0\n1,150,150.8\n1,148,693.8\n1,151,300.5\n DMBs\n311,214.1\n303,476.1\n337,091.1\n293,394.4\n393,575.8\n600,126.4\n625,430.1\n655,728.1\n722,521.0\n673,156.2\n689,480.9\n671,435.2\n681,744.6\n655,537.7\n OBIs\n20,218.4\n22,145.2\n22,329.6\n26,484.0\n26,625.2\n26,715.6\n21,652.8\n20,838.1\n20,841.0\n20,979.0\n20,993.9\n30,752.3\n26,104.5\n25,114.4\nNET DOMESTIC ASSETS \n4,294,038.7\n4,292,286.0\n4,425,618.6\n4,443,953.2\n4,506,758.0\n4,608,609.2\n4,677,337.2\n4,680,679.8\n4,725,147.8\n4,802,019.3\n4,808,909.2\n4,742,497.4\n4,735,267.5\n4,821,213.2\nDOMESTIC CREDIT\n3,777,967.9\n3,781,756.5\n3,845,110.1\n3,808,385.3\n3,871,013.0\n3,936,046.1\n3,966,266.5\n3,988,814.6\n4,006,290.9\n4,079,215.4\n4,091,310.4\n4,068,697.5\n3,954,914.2\n4,102,727.4\n Claims on Government (net) \n166,842.3\n153,164.0\n170,638.1\n180,007.9\n212,221.9\n206,189.6\n232,272.7\n234,118.0\n228,614.8\n299,686.0\n331,797.8\n357,997.4\n327,805.9\n415,048.8\n RBZ\n-1,225.8\n-1,192.4\n-1,179.6\n-1,180.8\n-1,179.7\n-1,828.4\n-3,487.6\n-1,242.0\n-1,196.6\n-1,468.9\n-1,188.2\n-1,182.3\n-1,181.7\n-1,181.8\n DMBs\n167,834.5\n154,122.7\n151,543.0\n160,538.4\n192,880.2\n187,784.4\n215,526.7\n215,126.4\n209,577.8\n280,921.3\n292,752.3\n319,016.2\n288,824.0\n376,067.1\n OBIs\n233.6\n233.6\n20,274.7\n20,650.2\n20,521.4\n20,233.6\n20,233.6\n20,233.6\n20,233.6\n20,233.6\n40,233.6\n40,163.5\n40,163.5\n40,163.5\n Claims on Public Enterprises \n52,261.1\n53,708.5\n54,091.4\n58,973.6\n63,604.9\n63,628.7\n62,174.3\n60,363.0\n59,809.8\n59,424.2\n60,844.8\n60,645.0\n60,553.0\n60,689.3\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n52,261.1\n53,708.5\n54,091.4\n58,973.6\n63,604.9\n63,628.7\n62,174.3\n60,363.0\n59,809.8\n59,424.2\n60,844.8\n60,645.0\n60,553.0\n60,689.3\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n52,261.1\n53,708.5\n54,091.4\n58,973.6\n63,604.9\n63,628.7\n62,174.3\n60,363.0\n59,809.8\n59,424.2\n60,844.8\n60,645.0\n60,553.0\n60,689.3\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n3,558,864.5\n3,574,884.1\n3,620,380.6\n3,569,403.8\n3,595,186.2\n3,666,227.8\n3,671,819.5\n3,694,333.6\n3,717,866.2\n3,720,105.1\n3,698,667.8\n3,650,055.2\n3,566,555.3\n3,626,989.2\n RBZ\n41,014.1\n41,015.1\n41,014.1\n41,014.1\n40,128.8\n40,128.8\n36,146.1\n36,147.1\n36,112.7\n35,120.1\n35,116.1\n35,116.1\n35,116.1\n35,116.1\n DMBs\n3,057,321.2\n3,065,133.7\n3,111,948.8\n3,058,690.9\n3,063,681.6\n3,125,352.0\n3,133,523.7\n3,159,392.5\n3,142,391.3\n3,141,641.5\n3,106,195.8\n3,053,645.3\n2,955,033.9\n3,016,585.0\n OBIs\n460,529.2\n468,735.3\n467,417.7\n469,698.7\n491,375.8\n500,747.0\n502,149.7\n498,794.1\n539,362.2\n543,343.5\n557,355.9\n561,293.9\n576,405.3\n575,288.2\nOTHER ITEMS (NET) \n516,070.8\n510,529.5\n580,508.5\n635,567.9\n635,745.0\n672,563.1\n711,070.7\n691,865.2\n718,856.9\n722,804.0\n717,598.9\n673,799.9\n780,353.3\n718,485.9\nBROAD MONEY (M3) \n3,808,395.4\n3,813,616.9\n3,798,524.1\n3,966,742.5\n4,018,141.5\n3,838,207.3\n3,854,921.7\n3,796,236.7\n3,910,659.4\n3,951,682.9\n3,807,110.4\n3,932,325.1\n3,888,645.3\n4,021,779.6\n2014\n2013\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n$\n13 \nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nNET FOREIGN ASSETS \n-50,114.5\n6,974.3\n-148,425.4\n149,883.9\n-11,405.7\n-281,785.6\n-52,013.6\n-62,027.6\n69,954.8\n-35,848.0\n-151,462.4\n191,626.5\n-36,449.8\n47,188.5\n Assets\n-94,995.8\n-6,237.1\n-121,176.0\n115,789.9\n82,500.7\n-71,188.1\n-26,708.0\n-35,805.2\n143,519.1\n-81,181.9\n-137,671.2\n185,511.0\n-32,245.2\n22,598.1\n Reserve Bank (RBZ)\n6,357.3\n-32,466.8\n-54,786.5\n45,062.2\n59,509.8\n-9,867.8\n-99,490.2\n-74,690.6\n57,168.9\n-22,334.8\n-57,623.5\n73,661.0\n16,332.4\n10,255.6\n Deposit Money Banks (DMBs)\n-92,123.2\n22,145.1\n-59,461.6\n67,611.5\n10,110.6\n-59,318.9\n48,443.7\n30,514.8\n96,259.1\n-62,833.0\n-69,563.6\n112,501.1\n-33,241.3\n9,248.9\n Other Banking Institutions (OBIs) \\1\n-9,229.8\n4,084.6\n-6,928.0\n3,116.2\n12,880.3\n-2,001.4\n24,338.5\n8,370.6\n-9,908.9\n3,985.9\n-10,484.1\n-651.0\n-15,336.3\n3,093.6\n Liabilities \\2\n44,881.3\n13,211.3\n-27,249.4\n34,093.9\n-93,906.3\n-210,597.5\n-25,305.6\n-26,222.5\n-73,564.3\n45,333.9\n-13,791.2\n6,115.5\n-4,204.6\n24,590.3\n RBZ\n-137.6\n-7,400.1\n-6,550.1\n5,448.4\n-6,416.2\n3,956.5\n5,064.8\n-3,260.9\n6,768.6\n3,892.9\n-2,548.3\n2,171.8\n-1,457.0\n2,606.7\n DMBs\n-40,904.2\n-7,738.0\n33,615.1\n-43,696.7\n100,181.4\n206,550.6\n25,303.6\n30,298.0\n66,792.9\n-49,364.8\n16,324.7\n-18,045.7\n10,309.4\n-26,206.9\n OBIs\n-3,839.4\n1,926.8\n184.4\n4,154.5\n141.2\n90.4\n-5,062.8\n-814.7\n2.9\n138.0\n14.9\n9,758.4\n-4,647.8\n-990.1\nNET DOMESTIC ASSETS \\3\n-28,162.2\n-1,752.7\n133,332.6\n18,334.6\n62,804.8\n101,851.2\n68,728.0\n3,342.6\n44,468.0\n76,871.5\n6,889.9\n-66,411.8\n-7,230.0\n85,945.8\nDOMESTIC CREDIT\n-10,500.6\n3,788.6\n63,353.6\n-36,724.9\n62,627.7\n65,033.1\n30,220.4\n22,548.1\n17,476.3\n72,924.5\n12,095.0\n-22,612.8\n-113,783.4\n147,813.2\n Claims on Government (net) \n-9,216.1\n-13,678.3\n17,474.1\n9,369.8\n32,214.0\n-6,032.3\n26,083.2\n1,845.2\n-5,503.1\n71,071.2\n32,111.8\n26,199.6\n-30,191.5\n87,242.9\n RBZ\n9,872.0\n33.4\n12.8\n-1.2\n1.1\n-648.7\n-1,659.1\n2,245.5\n45.4\n-272.3\n280.7\n5.8\n0.7\n-0.1\n DMBs\n-18,088.0\n-13,711.8\n-2,579.8\n8,995.5\n32,341.8\n-5,095.8\n27,742.3\n-400.3\n-5,548.6\n71,343.5\n11,831.0\n26,263.8\n-30,192.1\n87,243.1\n OBIs\n-1,000.0\n0.0\n20,041.1\n375.5\n-128.8\n-287.8\n0.0\n0.0\n0.0\n0.0\n20,000.0\n-70.1\n0.0\n0.0\n Claims on Public Enterprises \n544.3\n1,447.3\n382.9\n4,882.2\n4,631.3\n23.8\n-1,454.4\n-1,811.3\n-553.2\n-385.6\n1,420.6\n-199.9\n-91.9\n136.3\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n544.3\n1,447.3\n382.9\n4,882.2\n4,631.3\n23.8\n-1,454.4\n-1,811.3\n-553.2\n-385.6\n1,420.6\n-199.9\n-91.9\n136.3\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n-5,259.3\n-5,260.3\n-5,261.3\n-5,262.3\n-5,263.3\n-5,003.2\n-5,004.2\n-5,005.2\n-5,006.2\n Other\n544.3\n1,447.3\n382.9\n4,882.2\n4,631.3\n5,283.1\n3,805.9\n3,450.0\n4,709.1\n4,877.7\n6,423.8\n4,804.3\n4,913.3\n5,142.5\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n-1,828.7\n16,019.6\n45,496.5\n-50,976.8\n25,782.4\n71,041.6\n5,591.7\n22,514.2\n23,532.6\n2,238.9\n-21,437.3\n-48,612.5\n-83,500.0\n60,434.0\n RBZ\n377.8\n1.0\n-1.0\n0.0\n-885.3\n0.0\n-3,982.7\n1.0\n-34.4\n-992.6\n-4.0\n0.0\n0.0\n0.0\n DMBs\n-7,832.6\n7,812.5\n46,815.1\n-53,257.8\n4,990.7\n61,670.4\n8,171.7\n25,868.8\n-17,001.2\n-749.8\n-35,445.7\n-52,550.5\n-98,611.4\n61,551.1\n OBIs\n5,626.0\n8,206.1\n-1,317.5\n2,281.0\n21,677.1\n9,371.2\n1,402.7\n-3,355.6\n40,568.2\n3,981.3\n14,012.4\n3,938.0\n15,111.4\n-1,117.1\nOTHER ITEMS (NET) \n-17,661.6\n-5,541.3\n69,979.0\n55,059.4\n177.1\n36,818.1\n38,507.5\n-19,205.5\n26,991.7\n3,947.0\n-5,205.1\n-43,799.0\n106,553.4\n-61,867.4\nBROAD MONEY (M3) \n-78,276.7\n5,221.5\n-15,092.8\n168,218.4\n51,399.0\n-179,934.2\n16,714.4\n-58,685.0\n114,422.8\n41,023.5\n-144,572.5\n125,214.7\n-43,679.7\n133,134.2\n Broad Money (M3) \n-2.0%\n0.1%\n-0.4%\n4.4%\n1.3%\n-4.5%\n0.4%\n-1.5%\n3.0%\n1.0%\n-3.7%\n3.3%\n-1.1%\n3.4%\n Domestic Credit \n-0.3%\n0.1%\n1.7%\n-1.0%\n1.6%\n1.7%\n0.8%\n0.6%\n0.4%\n1.8%\n0.3%\n-0.6%\n-2.8%\n3.7%\n Claims on Private Sector\n-0.1%\n0.5%\n1.3%\n-1.4%\n0.7%\n2.0%\n0.2%\n0.6%\n0.6%\n0.1%\n-0.6%\n-1.3%\n-2.3%\n1.7%\n2014\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n2013\n14 \nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nNET FOREIGN ASSETS \n-89,936.3\n-190,761.0\n-131,411.5\n-100,210.8\n-19,830.8\n-139,041.9\n-211,017.8\n-408,762.5\n-268,481.4\n-146,235.3\n-116,519.4\n-395,149.4\n-456,065.7\n-425,304.4\n-366,815.7\n-432,496.1\n-660,899.2\n-374,643.5\n-360,978.8\n-320,764.6\n Assets\n-42,038.0\n-142,367.4\n-71,725.6\n-81,928.2\n36,818.4\n33,821.1\n-99,644.3\n-321,764.7\n-149,564.2\n-66,182.3\n50,744.2\n-13,526.8\n-43,201.5\n13,716.9\n123,202.2\n29,959.1\n-206,756.1\n-47,642.5\n15,108.1\n43,943.2\n Reserve Bank (RBZ)\n-47,146.3\n-77,953.3\n-5,234.1\n-34,371.4\n-34,330.1\n33,849.9\n23,562.1\n-129,087.9\n-120,111.9\n-97,956.8\n15,270.3\n22,548.6\n-81,223.8\n-105,297.0\n-86,234.8\n-80,364.6\n-121,084.8\n-109,501.0\n-99,525.9\n-56,803.4\n Deposit Money Banks (DMBs)\n-5,809.4\n-76,767.0\n-84,133.7\n-68,113.2\n53,083.1\n-22,552.6\n-134,496.9\n-207,670.1\n-38,404.5\n23,160.4\n16,001.4\n-59,281.2\n-6,421.5\n69,476.4\n172,539.7\n73,331.5\n-104,318.2\n44,285.5\n103,167.4\n90,271.2\n Other Banking Institutions (OBIs) \\1\n10,917.8\n12,352.8\n17,642.1\n20,556.4\n18,065.4\n22,523.8\n11,290.5\n14,993.3\n8,952.2\n8,614.1\n19,472.4\n23,205.8\n44,443.8\n49,537.5\n36,897.4\n36,992.2\n18,646.9\n17,573.0\n11,466.5\n10,475.5\n Liabilities \\2\n-47,898.3\n-48,393.5\n-59,685.9\n-18,282.6\n-56,649.1\n-172,863.0\n-111,373.4\n-86,997.8\n-118,917.3\n-80,053.1\n-167,263.6\n-381,622.6\n-412,864.3\n-439,021.3\n-490,017.9\n-462,455.2\n-454,143.1\n-327,001.0\n-376,086.8\n-364,707.8\n RBZ\n-28,246.4\n-27,498.9\n-21,730.4\n-33,783.9\n-20,811.3\n-2,908.6\n-9,155.5\n-20,012.2\n-23,389.5\n-17,346.3\n-10,305.8\n-7,088.6\n804.6\n-4,310.9\n-3,016.5\n3,294.4\n659.3\n989.6\n-329.7\n9,677.0\n DMBs\n78,373.3\n79,089.8\n89,568.8\n53,504.6\n79,315.3\n177,406.0\n121,978.0\n105,662.9\n140,952.3\n92,713.4\n172,628.6\n383,811.9\n408,225.7\n439,507.9\n489,247.4\n462,114.0\n456,163.5\n319,316.8\n370,530.4\n352,061.6\n OBIs\n-2,228.6\n-3,197.3\n-8,152.6\n-1,438.0\n-1,854.9\n-1,634.4\n-1,449.1\n1,347.1\n1,354.5\n4,686.0\n4,940.8\n4,899.3\n3,834.0\n3,824.3\n3,786.9\n-2,953.2\n-2,679.8\n6,694.5\n5,886.1\n2,969.2\nNET DOMESTIC ASSETS \\3\n880,494.1\n827,621.5\n830,303.8\n860,964.8\n755,911.5\n925,312.7\n874,388.8\n844,811.7\n628,387.0\n659,222.6\n554,475.7\n643,086.0\n613,427.0\n632,242.7\n549,291.7\n570,215.1\n643,352.8\n420,296.5\n441,228.7\n528,927.2\nDOMESTIC CREDIT\n864,860.4\n822,357.3\n802,510.0\n795,755.7\n873,159.5\n990,341.7\n986,989.4\n963,317.9\n842,942.1\n786,202.9\n731,055.8\n708,713.7\n603,624.8\n592,398.4\n536,322.4\n576,565.6\n470,358.2\n280,229.0\n176,946.2\n320,970.8\n Claims on Government (net) \n81,808.4\n75,191.5\n74,845.9\n82,122.6\n82,338.1\n177,893.2\n168,720.9\n154,920.0\n81,055.3\n91,424.1\n133,685.7\n123,996.4\n152,935.2\n160,962.3\n155,400.1\n219,466.4\n251,087.3\n181,938.9\n160,963.6\n261,884.9\n RBZ\n948.3\n533.5\n116.6\n-9,441.8\n-9,407.1\n-9,262.9\n652.8\n562.6\n582.2\n537.9\n553.3\n277.7\n-1,964.9\n260.4\n318.0\n9,875.8\n9,846.6\n9,915.4\n44.1\n10.6\n DMBs\n80,860.2\n74,658.0\n74,729.3\n90,330.7\n90,511.6\n185,922.5\n167,834.5\n154,123.7\n60,198.4\n70,439.5\n112,834.8\n103,688.6\n134,666.5\n140,468.3\n134,848.5\n190,590.5\n202,240.7\n133,093.6\n120,989.5\n221,944.4\n OBIs\n0.0\n0.0\n0.0\n1,233.6\n1,233.6\n1,233.6\n233.6\n233.6\n20,274.7\n20,446.7\n20,297.6\n20,030.1\n20,233.6\n20,233.6\n20,233.6\n19,000.0\n39,000.0\n38,929.9\n39,929.9\n39,929.9\n Claims on Public Enterprises \n5,300.2\n7,279.8\n-3,179.6\n49.8\n9,427.1\n6,792.4\n7,557.9\n9,665.0\n24,122.0\n27,528.6\n31,812.4\n14,317.4\n12,558.6\n11,073.2\n13,749.2\n9,782.8\n9,380.3\n8,928.1\n8,291.9\n6,980.8\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n5,300.2\n7,279.8\n-3,179.6\n49.8\n9,427.1\n6,792.4\n7,557.9\n9,665.0\n24,122.0\n27,528.6\n31,812.4\n14,317.4\n12,558.6\n11,073.2\n13,749.2\n9,782.8\n9,380.3\n8,928.1\n8,291.9\n6,980.8\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n-1.0\n0.0\n-1.0\n-1.0\n0.0\n0.0\n-1.0\n-4,771.8\n-4,772.8\n-4,773.8\n-4,774.8\n0.0\n0.0\n0.0\n0.0\n Other\n5,300.2\n7,279.8\n-3,179.6\n49.8\n9,427.1\n6,793.4\n7,557.9\n9,666.0\n24,123.0\n27,528.6\n31,812.4\n14,318.4\n17,330.4\n15,846.0\n18,523.0\n14,557.6\n9,380.3\n8,928.1\n8,291.9\n6,980.8\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n777,751.7\n739,886.0\n730,843.7\n713,583.3\n781,394.3\n805,656.0\n810,710.6\n798,733.0\n737,764.8\n667,250.2\n565,557.7\n570,399.9\n438,131.0\n420,363.0\n367,173.2\n347,316.4\n209,890.6\n89,362.0\n7,690.8\n52,105.1\n RBZ\n665.0\n1,765.1\n-9,455.1\n-9,387.2\n-3,975.5\n-3,903.1\n-5,788.8\n-7,388.1\n-6,693.9\n-3,088.9\n-7,047.9\n-3,630.4\n-2,646.2\n-5,176.5\n-6,435.5\n-7,002.0\n-6,405.5\n-5,520.2\n-5,898.0\n-5,899.0\n DMBs\n616,003.9\n597,497.2\n617,287.4\n574,157.1\n654,515.1\n687,696.6\n691,818.1\n687,296.3\n627,797.4\n545,532.3\n441,516.4\n461,613.7\n336,118.8\n335,446.9\n244,506.0\n250,995.0\n109,936.4\n-11,508.5\n-102,287.3\n-48,548.7\n OBIs\n161,082.9\n140,623.7\n123,011.4\n148,813.5\n130,854.7\n121,862.5\n124,681.3\n118,824.8\n116,661.3\n124,806.8\n131,089.3\n112,416.6\n104,658.3\n90,092.6\n129,102.7\n103,323.4\n106,359.7\n106,390.7\n115,876.1\n106,552.9\nOTHER ITEMS (NET) \n15,633.7\n5,264.2\n27,793.8\n65,209.1\n-117,248.0\n-65,029.0\n-112,600.7\n-118,506.2\n-214,555.1\n-126,980.3\n-176,580.1\n-65,627.7\n9,802.2\n39,844.3\n12,969.3\n-6,350.4\n172,994.5\n140,067.4\n264,282.5\n207,956.4\nBROAD MONEY (M3) \n790,557.9\n636,860.5\n698,892.3\n760,753.9\n736,080.7\n786,270.8\n663,371.0\n436,049.2\n359,905.6\n512,987.3\n437,956.1\n247,936.6\n157,361.3\n206,938.3\n182,476.0\n137,719.1\n-17,546.4\n45,653.0\n80,250.0\n208,162.6\nGROWTH RATES\n Broad Money (M3) \n27.2%\n21.6%\n23.1%\n24.9%\n23.8%\n25.4%\n21.1%\n12.9%\n10.5%\n14.9%\n12.2%\n6.9%\n4.3%\n5.8%\n4.9%\n3.6%\n-0.5%\n1.2%\n2.1%\n5.5%\n Domestic Credit \n34.6%\n31.9%\n30.1%\n29.4%\n31.8%\n35.4%\n35.4%\n34.2%\n28.1%\n26.0%\n23.3%\n22.0%\n18.0%\n17.4%\n15.5%\n16.5%\n13.0%\n7.4%\n4.7%\n8.5%\n Claims on Private Sector\n31.7%\n29.2%\n27.9%\n26.8%\n28.9%\n29.2%\n29.5%\n28.8%\n25.6%\n23.0%\n18.7%\n18.4%\n13.5%\n12.8%\n11.0%\n10.3%\n6.0%\n2.5%\n0.2%\n1.5%\n2013\n2012\n$ Thousands\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n2014\n15 \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \nAPRIL \n455,178.9 \n43,628.2 \n23,433.4 \n428,381.7 \n14,997.8 \n35,589.1 \n444,798.7 \n135,046.2 \n288,857.6 \n45,643.6 \n377,037.0 \n7,693.7 \n2,300,585.8 \nMAY \n484,635.0 \n38,637.2 \n27,795.2 \n455,737.9 \n14,699.1 \n35,106.1 \n465,890.2 \n115,457.8 \n301,547.9 \n52,075.2 \n382,172.8 \n5,034.0 \n2,378,788.7 \nJUNE \n489,730.1 \n37,474.3 \n38,198.7 \n425,521.3 \n7,310.7 \n53,815.0 \n454,368.5 \n110,349.9 \n295,432.3 \n51,453.6 \n385,769.7 \n11,033.4 \n2,360,457.5 \nJULY \n483,103.7 \n40,342.5 \n33,494.3 \n464,921.7 \n6,869.2 \n38,522.6 \n541,025.9 \n116,557.1 \n307,117.5 \n48,218.0 \n426,582.7 \n4,455.3 \n2,511,210.5 \nAUGUST \n521,743.0 \n38,889.1 \n43,894.5 \n425,531.4 \n7,260.6 \n39.087.2 \n451,871.2 \n110,041.8 \n346,006.0 \n40,216.0 \n374,587.1 \n9,914.6 \n2,409,042.5 \nSEPTEMBER \n496,289.3 \n39,446.9 \n38,856.6 \n447,247.2 \n13,953.5 \n43,006.7 \n437,211.9 \n118,873.7 \n330,709.6 \n40,046.6 \n373,596.8 \n9,790.6 \n2,389,029.4 \nOCTOBER \n491,610.6 \n38,871.5 \n39,766.0 \n471,966.2 \n8,023.3 \n40,835.3 \n420,445.3 \n110,778.3 \n417,411.6 \n36,334.1 \n376,463.1 \n9,861.9 \n2,462,367.3 \nNOVEMBER \n487,289.4 \n40,321.7 \n42,332.0 \n488,637.3 \n3,116.5 \n36,852.0 \n417,162.5 \n117,050.8 \n389,727.1 \n39,126.4 \n369,190.3 \n17,960.5 \n2,448,766.4 \nDECEMBER \n533,165.2 \n42,285.1 \n17,617.9 \n435,613.1 \n5,047.0 \n62,165.8 \n389,181.2 \n115,404.6 \n379,809.3 \n37,409.1 \n369,838.8 \n18,252.9 \n2,405,790.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n489,585.3 \n43,743.8 \n18,574.7 \n464,097.6 \n5,467.4 \n48,086.1 \n362,554.0 \n116,635.5 \n412,901.1 \n37,722.2 \n367,126.2 \n16,773.1 \n2,383,267.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \n519,154.6 \n38,918.1 \n24,765.4 \n460,528.2 \n10,397.3 \n47,488.6 \n385,038.1 \n116,670.5 \n401,619.6 \n32,978.1 \n396,800.8 \n8,542.7 \n2,442,902.1 \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION DISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT INDIVIDUALS CONGLOM-\nERATES \nTOTAL \nEND OF \n \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n67,517.6 \n16,163.5 \n56,807.8 \n18,616.7 \n58,326.4 \n78,419.6 \n89,890.9 \n106,553.9 \n18,590.6 \n144,497.3 \n15,986.5 \n671,370.7 \nFEBRUARY \n58,292.9 \n21,826.4 \n56,104.4 \n18,101.2 \n62,883.5 \n78,714.5 \n89,292.0 \n117,785.5 \n17,680.2 \n128,827.9 \n9,967.9 \n668,578.1 \nMARCH \n69,856.5 \n16,673.4 \n60,104.1 \n16,684.4 \n58,510.5 \n72,517.4 \n97,158.1 \n88,814.4 \n14,831.7 \n173,486.3 \n17,657.4 \n686,294.1 \nAPRIL \n63,793.8 \n17,080.4 \n63,074.6 \n20,726.0 \n58,308.4 \n70,475.5 \n89,412.8 \n87,962.4 \n15,412.2 \n174,072.5 \n18,871.2 \n680,189.8 \nMAY \n67,425.0 \n17,232.4 \n66,358.3 \n21,534.7 \n59,449.7 \n72,998.8 \n89,738.5 \n84,961.5 \n15,028.8 \n189,089.0 \n18,888.7 \n702,705.4 \nJUNE \n68,762.1 \n16,928.9 \n64,967.8 \n11,199.2 \n57,389.1 \n72,983.6 \n94,193.4 \n98,762.3 \n13,866.1 \n176,186.3 \n18,800.0 \n694,038.7 \nJULY \n66,851.1 \n15,061.8 \n64,398.0 \n11,134.2 \n34,750.7 \n77,551.0 \n100,908.8 \n109,118.2 \n14,701.2 \n162,459.7 \n15,995.4 \n672,930.0 \nAUGUST \n67,246.9 \n15,177.5 \n68,887.7 \n11,071.0 \n34,241.2 \n77,411.5 \n122,491.8 \n120,661.7 \n13,212.7 \n137,335.6 \n15,655.4 \n683,393.0 \nSEPTEMBER \n69,700.0 \n15,202.1 \n67,723.0 \n10,981.1 \n34,026.9 \n77,338.7 \n103,272.3 \n106,398.8 \n16,871.0 \n173,866.8 \n15,558.8 \n690,939.6 \nOCTOBER \n72,224.8 \n17,189.6 \n64,266.5 \n11,000.2 \n34,072.5 \n67,425.8 \n95,019.2 \n125,049.4 \n15,931.7 \n172,834.8 \n17,401.5 \n692,416.0 \nNOVEMBER \n68,628.1 \n15,194.8 \n61,488.3 \n11,456.3 \n33,491.0 \n71,854.0 \n101,230.0 \n129,298.4 \n41,690.2 \n133,954.5 \n11,348.1 \n683,329.3 \nDECEMBER \n67,626.4 \n9,691.4 \n50,354.1 \n11,629.3 \n29,200.1 \n70,093.2 \n101,301.5 \n100,507.4 \n15,301.2 \n174,918.3 \n14,748.0 \n645,370.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n24,456.9 \n6,122.0 \n33,734.0 \n9,856.2 \n23,491.2 \n42,349.6 \n55,948.1 \n35,302.4 \n15,083.5 \n153,861.9 \n1.893.8 \n402,099.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \n28,842.8 \n5,882.2 \n32,873.4 \n9,361.7 \n22,320.3 \n44,904.2 \n55,857.3 \n33,373.4 \n11,068.1 \n182,690.8 \n0.0 \n427,174.2 \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \nAPRIL \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,620.0 \n14,889.0 \n278.0 \n0.0 \n15,200.0 \n0.0 \n43,087.0 \nMAY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,500.0 \n6,330.8 \n2,109.4 \n0.0 \n1,000.0 \n0.0 \n22,040.2 \nJUNE \n5,100.0 \n0.0 \n0.0 \n0.0 \n5,760.0 \n0.0 \n212.0 \n0.0 \n15,210.0 \n0.0 \n26,282.0 \nJULY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,000.0 \n0.0 \n212.0 \n0.0 \n15,110.0 \n0.0 \n27,422.0 \nAUGUST \n5,100.0 \n0.0 \n0.0 \n0.0 \n6,000.0 \n0.0 \n1,065.0 \n0.0 \n0.0 \n0.0 \n12,165.0 \nSEPTEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n5,800.0 \n0.0 \n165.0 \n0.0 \n900.0 \n0.0 \n11,865.0 \nOCTOBER \n0.0 \n0.0 \n0.0 \n0.0 \n5,150.0 \n0.0 \n5,135.0 \n0.0 \n0.0 \n0.0 \n10,285.0 \nNOVEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n0.0 \n2,035.0 \n0.0 \n0.0 \n0.0 \n27,595.6 \nDECEMBER \n4,745.3 \n0.0 \n0.0 \n0.0 \n6,750.6 \n12,304.4 \n1,992.3 \n0.0 \n0.0 \n0.0 \n25,792.6 \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n19,047.7 \n826.0 \n0.0 \n0.0 \n3,000.0 \n12,673.6 \n359,6 \n0.0 \n1,809.9 \n0.0 \n37,357.2 \nFEBRUARY \n5,000.0 \n0.0 \n0.0 \n0.0 \n1,107.5 \n12,573.7 \n373.2 \n0.0 \n3,445.9 \n0.0 \n22,500.3 \n \n \n \n \n \n \n \n \n \n \n \n \n18 \n TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n137,919.4 \n35,324.8 \n106,812.5 \n296,807.8 \n116,945.8 \n277,304.7 \n268,525.2 \n119,278.5 \n515,754.9 \n21,989.9 \n431,208.6 \n14,582.8 \n2,342,454.9 \n FEBRUARY \n132,404.53 \n36,283.33 \n110,794.26 \n341,462.75 \n99,165.46 \n288,834.34 \n264,450.53 \n104,923.38 \n577,378.61 \n22,873.9 \n467,084.94 \n14,234.06 \n2,459,890.1 \nMARCH \n121,233.1 \n38,555.4 \n124,038.5 \n348,687.2 \n93,320.0 \n263’552.7 \n276,941.5 \n76,084.4 \n629,624.3 \n24,984.1 \n468,608.5 \n14,756.2 \n2,480,386.1 \nAPRIL \n127,168.8 \n39,606.6 \n115,033.7 \n331,306.5 \n83,707.8 \n289,829.1 \n276,208.7 \n75,855.9 \n644,979.8 \n24,822.5 \n465,129 \n14,829.3 \n2,488,477.6 \nMAY \n124,277.7 \n43,333.7 \n142,130.1 \n370,561.1 \n93,500.0 \n249,454.2 \n299,116.6 \n86,314.7 \n648,511.1 \n28,279.3 \n516,523.0 \n16,891.5 \n2,618,892.9 \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n98,671.0 \n49,093.8 \n152,390.8 \n350,269.2 \n166,578.5 \n545,118.2 \n311,310.8 \n105,766.9 \n638,341.8 \n39,837.1 \n533,691.3 \n99,053.9 \n3,090,123.4 \nMAY \n114,053.3 \n55,427.4 \n142,023.3 \n389,384.7 \n255,352.1 \n484,429.7 \n318,129.4 \n92,777.2 \n700,668.7 \n46,593.8 \n578,509.2 \n32,297.7 \n3,209,646.5 \nJUNE \n116,635.2 \n58,578.8 \n147,313.8 \n447,394.5 \n183,146.3 \n352,600.3 \n366,824.2 \n96,685.8 \n701,195.7 \n46,578.5 \n597,373.1 \n104,843.6 \n3,219,169.8 \nJULY \n108,086.6 \n46,449.5 \n120,982.3 \n380,448.8 \n178,341.4 \n677,700.7 \n301,575.9 \n97,583.8 \n710,856.1 \n39,395.9 \n487,954.4 \n102,531.4 \n3,251,906.9 \nAUGUST \n137,107.1 \n48,726.1 \n135,788.5 \n319,106.0 \n174,593.9 \n637,190.7 \n333,255.3 \n99,194.1 \n639,401.6 \n41,996.5 \n417,762.6 \n93,772.1 \n3,077,894.4 \nSEPTEMBER \n100,028.3 \n57,039.8 \n145,652.5 \n380,781.4 \n207,379.2 \n612,131.5 \n408,359.1 \n103,872.8 \n795,047.6 \n46,982.9 \n435,912.4 \n90,265.8 \n3,383,453.4 \nOCTOBER \n94,346.3 \n52,722.4 \n141,401.4 \n338,625.9 \n223,223.8 \n754,145.4 \n339,305.6 \n99,583.3 \n754,116.1 \n41,527.2 \n440,197.9 \n97,771.1 \n3,376,966.4 \nNOVEMBER \n114,178.7 \n47,740.9 \n128,399.3 \n312,639.2 \n241,628.8 \n741,885.4 \n283,426.0 \n80,507.6 \n727,492.5 \n42,901.0 \n458,479.9 \n89,292.5 \n3,268,571.8 \nDECEMBER \n113,914.2 \n51,981.7 \n142,938.1 \n342,785.1 \n213,125.2 \n755,299.4 \n327,658.1 \n83,103.1 \n762,884.4 \n41,827.9 \n432,436.3 \n61,038.7 \n3,328,992.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n130,154.6 \n53,292.9 \n146,876.1 \n353,793.8 \n259,569.6 \n731,703.3 \n304,033.2 \n93,776.7 \n770,435.4 \n40,085.9 \n485,573.1 \n60,897.7 \n3,430,192.5 \nFEBRUARY \n138,812.3 \n55,092.2 \n134,813.9 \n420,181.0 \n262,183.8 \n786,295.6 \n270,062.5 \n131,134.8 \n779,640.3 \n39,169.2 \n508,813.7 \n61,822.3 \n3,588,021.6 \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \nAPRIL \n31,659.0 \n5,702.7 \n18,835.7 \n1,538.1 \n177,040.5 \n97,838.1 \n22,611.8 \n28,606.2 \n187,727.7 \n3,883.5 \n139,589.7 \n31,245.5 \n746,278.5 \nMAY \n17,827.5 \n5,756.6 \n18,786.2 \n1,258.9 \n187,857.9 \n99,688.5 \n19,315.6 \n44,794.2 \n197,568.8 \n3,436.3 \n132,325.5 \n31,463.1 \n760,079.2 \nJUNE \n4,255.3 \n6,236.6 \n10,753.7 \n1,131.2 \n156,052.6 \n105,613.0 \n18,935.8 \n59,790.7 \n184,390.9 \n3,652.3 \n107,354.6 \n30,017.1 \n688,183.8 \nJULY \n6,597.9 \n9,544.9 \n22,034.9 \n17,579.6 \n155,178.3 \n101,057.7 \n5,786.5 \n25,167.1 \n139,688.0 \n2,369.4 \n102,677.4 \n25,029.7 \n612,711.4 \nAUGUST \n1,770.3 \n9,723.1 \n17,643.5 \n1,553.8 \n150,874.9 \n71,592.0 \n19,054.2 \n10,779.0 \n169,881.2 \n2,644.4 \n113,074.5 \n29,546.0 \n598,137.0 \nSEPTEMBER \n40,766.9 \n9,757.2 \n17,595.4 \n10,209.6 \n157,646.1 \n87,504.2 \n20,864.5 \n12,486.3 \n173,696.6 \n1,527.2 \n125,919.4 \n29,482.7 \n687,456.0 \nOCTOBER \n43,179.4 \n7,366.8 \n2,258.4 \n11,060.8 \n118,559.1 \n159,315.4 \n45,674.2 \n11,973.6 \n164,560.7 \n744.6 \n98,580.9 \n29,513.7 \n692,787.6 \nNOVEMBER \n24,169.8 \n8,708.3 \n2,551.4 \n12,523.2 \n165,553.2 \n155,945.5 \n43,847.5 \n13,222.0 \n132,189.4 \n552.7 \n138,372.4 \n29,491.4 \n727,126.8 \nDECEMBER \n8,574.8 \n9,071.2 \n2,371.6 \n8,068.6 \n169,324.2 \n150,460.6 \n39,469.1 \n90,808.8 \n155,859.5 \n944.4 \n104,850.7 \n29,324.4 \n769,127.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,879.0 \n8,509.2 \n1,960.3 \n9,793.9 \n125,257.8 \n76,835.2 \n39,381.2 \n27,399.4 \n62,806.6 \n1,704.9 \n63,106.3 \n3,976.3 \n436,610.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \n14,501.9 \n7,870.0 \n1,650.8 \n11,407.6 \n119,069.4 \n60,798.1 \n39,576.4 \n31,886.5 \n57,670.9 \n894..0 \n93,028.3 \n3,768.6 \n441,228.5 \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n1999 \n2000 \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n2012 \n2013 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,530 \n3,227 \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4,951 \n5,175 \n6,096 \n6,607 \n7,370 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,461 \n2,249 \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4,037 \n4,095 \n4,638 \n4,929 \n5,012 \nBilateral Creditors \n935 \n1,050 \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2,308 \n2,325 \n2,597 \n2,694 \n2,928 \nMultilateral Creditors \n1,235 \n1,199 \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1,729 \n1,770 \n2,041 \n2,235 \n2,084 \nPrivate Creditors \n291 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n0 \n0 \nPublic Enterprises \n543 \n534 \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,092 \n1,198 \n1,356 \nBilateral Creditors \n316 \n301 \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n711 \n703 \n858 \nMultilateral Creditors \n224 \n233 \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n382 \n495 \n498 \nPrivate Creditors \n3 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \nMonetary Authorities \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nMultilateral Creditors - IMF \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nPrivate \n162 \n152 \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n366 \n480 \n1,002 \nShort-Term External Debt \n532 \n298 \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1,198 \n1,382 \n1,289 \n890 \n1,564 \nSupplier's Credits \n150 \n42 \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n134 \n30 \n0 \nReserve Bank \n \n \n \n \n \n \n \n \n \n \n642 \n642 \n618 \n614 \n614 \nPrivate \n382 \n256 \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n537 \n246 \n950 \nTotal External Debt \n4,062 \n3,525 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6,289 \n6,695 \n7,385 \n7,497 \n8,934 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n5,990 \n6,107 \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6,133 \n7,433 \n8,865 \n8,865 \n12,973 \nExternal Debt / GDP \n68% \n57.7% 31.4% 52.3% 75.7% 94.7% 136.3% \n63.9% \n110.5% 147.7% 102.5% \n90.1% \n83.3% \n84.6% 68.9% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of \nFinance and Reserve Bank \nof Zimbabwe \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \n \n \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \n \n \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \n \n \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \n \n \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \n \n \nMay \n9.00-35.00 \n14.25 \n9.89 \n13.00-23.00 \n17.66 \n17.02 \n \n \nJun \n9.00-35.00 \n14.29 \n9.46 \n15.00-22.50 \n17.78 \n16.89 \n \n \nJul \n6.00-35.00 \n14.39 \n9.65 \n15.00-28.00 \n17.70 \n16.97 \n \n \nAug \n6.00-35.00 \n13.82 \n9.32 \n15.00-23.00 \n18.32 \n16.92 \n \n \nSep \n6.00-35.00 \n14.03 \n9.37 \n15.00-22.50 \n18.31 \n16.94 \n \n \nOct \n6.00-35.00 \n13.95 \n9.25 \n15.00-23.00 \n18.67 \n17.66 \n \n \nNov \n6.00-35.00 \n14.18 \n9.40 \n15.00-23.00 \n18.84 \n17.72 \n \n \nDec \n6.00-35.00 \n14.13 \n9.35 \n15.00-23.00 \n18.84 \n17.76 \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \nJan \n6.00-35.00 \n14.09 \n9.30 \n15.00-23.00 \n18.88 \n17.74 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n3. Lending rates exclude rates on staff loans. \n \n \n \n \nFeb \n6.00-35.00 \n14.08 \n9.32 \n15.00-23.00 \n18.88 \n17.73 \n \n \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n \n \n \n \n20122 \n \n \n \nJANUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nFEBRUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nMARCH \n0.01-12.00 \n5.00-20.00 \n7.00-17.00 \nAPRIL \n0.00-12.00 \n5.00-20.00 \n8.00-17.00 \nMAY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJUNE \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJULY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nAUGUST \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nOCTOBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nNOVEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nDECEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nMAY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJUNE \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJULY \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nAUGUST \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nOCTOBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nNOVEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates qouted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \nDECEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n2014 \n \n \n \nJANUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nFEBRUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n23 \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE \nHEALTH TRANSPORT \nCOMMUNI-\nCATION \nRECREATION & EDUCATION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n0.17 \n-0.03 \n-0.01 \n-0.02 \n-0.05 \n-0.14 \n-0.33 \n0.12 \n0.00 \n-0.15 \n0.06 \n-0.03 \n-0.33 \n-0.13 \nJULY \n-0.16 \n0.11 \n-0.01 \n-0.20 \n-0.04 \n0.31 \n-0.04 \n-0.11 \n0.00 \n0.02 \n-0.04 \n0.00 \n-1.14 \n-0.38 \nAUGUST \n-0.42 \n-0.34 \n0.79 \n-0.27 \n0.29 \n0.07 \n-0.14 \n-0.10 \n1.23 \n0.97 \n-0.43 \n0.23 \n-0.90 \n-0.15 \nSEPTEMBER \n0.02 \n0.04 \n0.39 \n0.11 \n-0.22 \n0.15 \n-0.01 \n-0.07 \n0.01 \n0.19 \n0.42 \n0.17 \n-0.18 \n0.05 \nOCTOBER \n1.21 \n0.00 \n-0.01 \n-0.36 \n0.06 \n-0.32 \n-0.07 \n-0.15 \n0.02 \n-0.08 \n-0.20 \n-0.04 \n0.04 \n-0.01 \nNOVEMBER \n0.38 \n-0.19 \n-0.01 \n-0.37 \n0.10 \n-0.13 \n-0.01 \n-0.13 \n5.57 \n1.08 \n-0.27 \n0.43 \n-0.60 \n0.09 \nDECEMBER \n0.14 \n-0.01 \n0.37 \n-0.29 \n0.12 \n0.27 \n0.05 \n-0.22 \n0.00 \n0.00 \n-0.46 \n0.08 \n-0.41 \n-0.08 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n0.20 \n-0.07 \n0.00 \n0.01 \n-0.23 \n0.01 \n0.00 \n-0.07 \n0.02 \n0.16 \n-0.09 \n0.00 \n0.44 \n0.14 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \n-0.01 \n-0.09 \n-0.11 \n-0.08 \n0.09 \n0.08 \n0.00 \n-0.04 \n0.23 \n-0.08 \n0.07 \n-0.01 \n0.18 \n0.05 \n24 \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \n5.88 \n-0.38 \n3.95 \n0.66 \n3.60 \n6.85 \n-13.13 \n-0.83 \n12.56 \n1.44 \n1.04 \n1.54 \n3.54 \n2.20 \nJUNE \n5.40 \n-0.50 \n2.65 \n0.16 \n3.03 \n6.85 \n-13.40 \n-0.33 \n7.75 \n1.35 \n1.22 \n1.35 \n2.90 \n1.87 \nJULY \n4.83 \n0.14 \n2.54 \n-0.05 \n2.84 \n4.96 \n-13.47 \n-0.61 \n12.70 \n0.71 \n1.00 \n1.00 \n1.74 \n1.25 \nAUGUST \n4.44 \n0.30 \n3.04 \n-0.39 \n2.79 \n5.04 \n-13.57 \n-0.70 \n8.83 \n1.60 \n0.81 \n1.44 \n0.94 \n1.28 \nSEPTEMBER \n4.36 \n0.61 \n3.70 \n-0.37 \n2.10 \n5.06 \n-13.66 \n-1.01 \n5.74 \n1.23 \n0.93 \n1.45 \n-0.32 \n0.86 \nOCTOBER \n5.23 \n0.25 \n2.96 \n-0.70 \n2.21 \n1.40 \n-13.76 \n-0.73 \n9.05 \n0.83 \n-0.20 \n1.25 \n-0.74 \n0.59 \nNOVEMBER \n5.94 \n-0.07 \n3.51 \n-1.03 \n2.42 \n-7.04 \n-13.83 \n-0.92 \n11.19 \n2.06 \n-0.35 \n1.58 \n-1.51 \n0.54 \nDECEMBER \n4.26 \n0.09 \n3.63 \n-1.08 \n2.11 \n1.61 \n-13.99 \n-1.03 \n11.29 \n2.03 \n-0.87 \n1.61 \n-2.20 \n0.33 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n5.03 \n0.03 \n3.63 \n-1.07 \n1.87 \n1.62 \n-14.00 \n-1.12 \n11.30 \n2.18 \n-0.43 \n1.67 \n-2.08 \n0.41 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \n2.21 \n-0.43 \n3.09 \n-1.35 \n0.44 \n0.05 \n-13.86 \n-1.08 \n11.47 \n1.32 \n-1.45 \n0.93 \n-3.26 \n-0.49 \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n8.38 \n7.77 \n79.42 \n1.25 \n1.56 \nJULY \n8.18 \n7.74 \n78.23 \n1.23 \n1.57 \nAUGUST \n8.45 \n7.80 \n78.47 \n1.25 \n1.58 \nSEPTEMBER \n8.23 \n7.65 \n77.50 \n1.29 \n1.63 \nOCTOBER \n8.64 \n7.88 \n79.78 \n1.30 \n1.61 \nNOVEMBER \n8.78 \n7.95 \n80.94 \n1.30 \n1.60 \nDECEMBER \n8.48 \n7.88 \n86.06 \n1.32 \n1.62 \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \nMAY \n10.08 \n8.65 \n100.85 \n1.30 \n1.52 \nJUNE \n9.94 \n8.60 \n98.74 \n1.31 \n1.53 \nJULY \n9.83 \n8.49 \n98.31 \n1.33 \n1.53 \nAUGUST \n10.33 \n8.75 \n98.18 \n1.32 \n1.55 \nSEPTEMBER \n10.10 \n8.58 \n97.92 \n1.35 \n1.62 \nOCTOBER \n9.95 \n8.50 \n98.28 \n1.37 \n1.60 \nNOVEMBER \n10.19 \n8.64 \n102.33 \n1.36 \n1.64 \nDECEMBER \n10.43 \n8.72 \n105.02 \n1.38 \n1.65 \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11.21 \n9.09 \n102.47 \n1.35 \n1.65 \nFEBRUARY \n10.71 \n8.85 \n101.74 \n1.37 \n1.67 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n323.4 \n378.5 \n103.4 \n182.3 \n247.8 \n0.0 \n0.0 \n1,235.5 \n52.2 \n2,694.9 \n386.1 \n205.7 \n386.7 \n4,961.1 \nFeb \n292.2 \n357.7 \n120.5 \n234.6 \n239.9 \n0.0 \n0.0 \n1,244.9 \n27.7 \n2,289.3 \n328.8 \n208.0 \n388.3 \n4,887.0 \nMar \n271.6 \n345.7 \n196.1 \n198.9 \n265.3 \n0.0 \n0.0 \n1,277.6 \n26.1 \n2,715.8 \n367.2 \n228.8 \n388.0 \n5,003.5 \nApr \n263.8 \n383.6 \n201.1 \n272.9 \n289.9 \n75.3 \n5.2 \n1,491.7 \n26.3 \n2,595.8 \n341.3 \n207.0 \n382.1 \n5,044.2 \n May \n250.9 \n400.9 \n198.2 \n296.7 \n253.5 \n75.4 \n5.3 \n1,480.8 \n25.8 \n2,673.2 \n389.8 \n208.0 \n382.9 \n5,160.5 \nJun \n227.2 \n416.4 \n171.9 \n257.5 \n271.8 \n75.5 \n5.3 \n1,425.8 \n26.0 \n2,698.3 \n364.1 \n217.8 \n384.6 \n5,116.5 \nJul \n266.5 \n352.8 \n164.2 \n266.1 \n263.8 \n110.2 \n6.4 \n1,429.9 \n26.5 \n2,701.3 \n337.1 \n229.8 \n387.0 \n5,111.7 \n Aug. \n322.8 \n277.9 \n136.4 \n242.5 \n237.8 \n61.1 \n6.4 \n1,285.0 \n26.2 \n2,813.0 \n367.0 \n218.3 \n385.2 \n5,094.7 \n Sep \n334.1 \n336.0 \n178.0 \n327.8 \n226.3 \n111.5 \n6.0 \n1,519.7 \n26.9 \n2773.3 \n298.8 \n234.7 \n386.4 \n5,239.8 \nOct \n379.4 \n387.5 \n137.1 \n219.7 \n260.9 \n99.4 \n5.0 \n1,489.0 \n17.3 \n2,809.1 \n316.7 \n257.3 \n371.5 \n5,260.9 \nNov \n333.3 \n312.7 \n160.2 \n197.1 \n261.1 \n108.6 \n6.5 \n1,379.5 \n26.6 \n2,789.7 \n291.3 \n235.4 \n369.8 \n5,092.3 \nDec \n 354.8 \n367.8 \n135.5 \n 287.3 \n199.9 \n118.0 \n6.6 \n1,469.9 \n28.4 \n2,799.5 \n490.8 \n259.5 \n347.6 \n5,395.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n356.9 \n395.3 \n134.1 \n253.1 \n153.0 \n119.2 \n5.4 \n1,417.0 \n27.9 \n2,866.4 \n516.1 \n362.2 \n353.9 \n5,543.5 \nFeb \n334.3 \n387.0 \n130.5 \n285.0 \n195 \n193.2 \n5.4 \n1,530 \n32.8 \n2,718.1 \n534.5 \n502.9 \n351.1 \n5,669.5 \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,032.2 \n866.1 \n552.4 \n3,450.7 \n266.1 \n0.0 \n27.8 \n623.9 \n386.1 \n206.5 \n4,961.1 \n3,450.7 \nFeb \n1,987.8 \n933.3 \n491.5 \n3,412.5 \n258.1 \n0.0 \n32.4 \n631.9 \n328.8 \n223.3 \n4,887.0 \n3,417.9 \nMar \n1,960.1 \n976.3 \n451.1 \n3,387.3 \n290.9 \n0.0 \n32.8 \n687.7 \n367.2 \n237.6 \n5,003.5 \n3,387.3 \nApr \n 2,074.5 \n1,046.3 \n379.5 \n3,500.3 \n 247.6 \n0.0 \n37.9 \n667.2 \n341.3 \n249.8 \n5,044.2 \n3,500.3 \nMay \n2,066.0 \n913.0 \n479.9 \n3,459.0 \n346.5 \n0.0 \n81.8 \n674.4 \n389.8 \n209.0 \n5,160.4 \n3,459.0 \nJun \n2,013.9 \n919.6 \n298.9 \n3,232.4 \n553.0 \n0.0 \n74.1 \n702.3 \n364.1 \n190.6 \n5,116.5 \n3,232.4 \nJul \n2,054.1 \n916.2 \n245.9 \n3,216.2 \n578.3 \n0.0 \n77.5 \n699.7 \n337.1 \n202.9 \n 5,111.7 \n3,216.2 \nAug \n2,017.4 \n879.5 \n253.2 \n3,150.1 \n608.2 \n0.0 \n63.8 \n694.9 \n367.0 \n210.8 \n5,094.7 \n3,150.1 \nSep \n2,082.1 \n899.3 \n294.5 \n3,275.8 \n674.6 \n0.0 \n 74.0 \n708.8 \n298.8 \n207.7 \n5,239.8 \n3,275.8 \nOct \n2,125.9 \n880.0 \n349.3 \n3,355.2 \n611.4 \n0.0 \n68.5 \n703.0 \n316.7 \n206.0 \n5,260.9 \n3,355.2 \nNov \n1,953.4 \n861.2 \n 371.6 \n3,186.2 \n627.8 \n0.0 \n75.8 \n689.7 \n291.3 \n221.6 \n5,092.3 \n3,186.2 \nDec \n 1,980.4 \n813.6 \n 517.1 \n3,311.1 \n614.0 \n0.0 \n65.0 \n730.9 \n490.8 \n 184.0 \n 5,395.7 \n3,311.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,153.6 \n802.7 \n403.5 \n3,359.8 \n661.3 \n0.0 \n55.9 \n592.9 \n516.1 \n357.5 \n5,543.5 \n3,359.8 \nFeb \n2,111.8 \n878.8 \n494.6 \n3,485.2 \n630.0 \n0.0 \n51.1 \n609.5 \n534.5 \n359.0 \n5,669.5 \n3,485.2 \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nFeb \n4.7 \n1.5 \n18.4 \n0.0 \n4.5 \n0.0 \n26.9 \n0.0 \n245.7 \n34.8 \n63.9 \n28.9 \n398.2 \nMar \n2.5 \n1.1 \n7.3 \n-3.1 \n1.2 \n0.0 \n8.9 \n0.0 \n260.3 \n34.2 \n50.4 \n28.8 \n382.6 \nApr \n2.7 \n1.3 \n20.1 \n-1.9 \n1.2 \n0.0 \n23.4 \n0.0 \n254.9 \n34.2 \n51.7 \n27.7 \n392.0 \nMay \n2.4 \n4.1 \n18.6 \n-2.4 \n4.5 \n0.0 \n27.3 \n0.0 \n253.4 \n34.6 \n63.0 \n12.7 \n391.0 \nJun \n2.4 \n3.6 \n7.9 \n1.1 \n9.1 \n0.0 \n24.1 \n0.0 \n260.3 \n34.6 \n51.4 \n35.2 \n405.6 \nJul \n1.9 \n1.3 \n2.8 \n2.2 \n3.4 \n0.0 \n11.6 \n0.0 \n264.0 \n34.8 \n51.7 \n35.5 \n397.6 \nAug \n1.4 \n1.7 \n0.4 \n0.6 \n3.4 \n0.0 \n7.4 \n0.0 \n265.6 \n34.5 \n45.5 \n37.3 \n390.3 \nSep \n1.2 \n0.8 \n0.0 \n0.3 \n3.4 \n0.0 \n5.7 \n0.0 \n233.7 \n35.8 \n46.6 \n38.6 \n360.4 \nOct \n0.9 \n0.5 \n0.4 \n0.6 \n2.5 \n0.0 \n4.8 \n0.0 \n234.8 \n35.6 \n41.3 \n38.7 \n355.2 \nNov \n0.4 \n0.6 \n0.1 \n0.2 \n2.5 \n0.0 \n3.9 \n0.0 \n231.9 \n35.5 \n39.6 \n38.3 \n349.2 \nDec \n1.1 \n0.5 \n0.1 \n0.4 \n2.5 \n0.0 \n4.6 \n0.0 \n232.7 \n35.5 \n29.2 \n40.5 \n342.5 \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n0.1 \n0.5 \n0.0 \n0.2 \n1.8 \n0.0 \n2.6 \n0.0 \n81.3 \n10.0 \n23.5 \n34.7 \n152.1 \nFeb \n0.2 \n0.4 \n0.1 \n0.1 \n1.8 \n0.0 \n2.5 \n0.0 \n77.6 \n9.0 \n24.1 \n34.6 \n147.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n106.9 \n91.7 \n21.3 \n220.0 \n44.8 \n0.0 \n2.7 \n-72.4 \n34.8 \n167.2 \n397.0 \n220.0 \nFeb \n102.8 \n66.0 \n55.7 \n224.5 \n45.3 \n0.0 \n2.7 \n-77.8 \n34.8 \n168.7 \n398.2 \n224.5 \nMar \n104.3 \n62.3 \n52.8 \n219.5 \n45.8 \n0.0 \n1.2 \n-97.3 \n34.2 \n179.3 \n382.6 \n219.5 \nApr \n107.3 64.6 \n56.3 \n228.3 \n 45.4 \n0.0 \n1.2 -98.1 \n34.2 \n 181.1 \n392.0 \n228.3 \nMay \n112.2 \n67.1 \n54.4 \n233.6 \n46.7 \n0.0 \n1.2 \n-99.4 \n34.6 \n174.3 \n391.0 \n233.6 \nJun \n114.6 \n56.2 \n52.3 \n223.1 \n46.7 \n0.0 \n1.2 \n-91.2 \n34.6 \n191.2 \n405.6 \n223.1 \nJul \n111.3 \n82.7 \n27.0 \n220.9 \n47.1 \n0.0 \n1.2 \n-94.1 \n34.8 \n187.8 \n397.6 \n220.9 \nAug \n109.5 \n80.6 \n 25.2 \n215.2 \n47.5 \n0.0 \n1.2 \n-101.7 \n34.5 \n 193.6 \n390.3 \n 215.2 \nSep \n111.2 \n82.6 \n19.0 \n212.8 \n47.9 \n0.0 \n1.2 \n-114.9 \n35.8 \n177.8 \n360.4 \n212.8 \nOct \n112.5 \n80.4 \n14.9 \n207.8 \n48.3 \n0.0 \n1.2 \n-114.3 \n35.6 \n176.7 \n355.2 \n207.8 \nNov \n122.6 \n59.7 \n20.0 \n202.3 \n48.2 \n0.0 \n1.2 \n-118.2 \n35.5 \n180.2 \n349.2 \n202.3 \nDec \n134.5 \n56.4 \n6.9 \n 197.8 \n48.9 \n0.0 \n1.2 \n-127.6 \n35.5 \n186.7 \n342.5 \n 197.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n36.8 \n57.7 \n5.7 \n100.1 \n11.7 \n0.0 \n0.0 \n0.7 \n10.0 \n29.6 \n152.1 \n100.1 \nFeb \n47.6 \n48.3 \n0.0 \n95.8 \n11.7 \n0.0 \n0.0 \n-10.9 \n9.0 \n42.3 \n147.9 \n95.8 \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \nJan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \nFeb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \nMar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \nApr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \nMay \n30.2 \n179.6 \n0.2 \n20.3 \n230.0 \n307.3 \n120.3 \n40.4 \n121.9 \n820.0 \nJun \n28.6 \n178.8 \n0.0 \n20.0 \n227.3 \n314.2 \n122.4 \n44.6 \n121.8 \n830.3 \nJul \n26.1 \n207.4 \n0.0 \n20.0 \n253.5 \n312.4 \n123.1 \n48.6 \n121.6 \n859.2 \nAug \n34.7 \n204.1 \n0.0 \n20.0 \n258.8 \n320.6 \n123.0 \n46.4 \n124.1 \n872.9 \nSep \n36.4 \n204.9 \n0.0 \n20.0 \n261.3 \n353.4 \n122.7 \n52.2 \n124.6 \n914.2 \nOct \n39.3 \n186.8 \n0.0 \n20.0 \n246.1 \n358.4 \n128.2 \n51.8 \n122.4 \n906.9 \nNov \n39.7 \n163.1 \n0.0 \n40.0 \n242.8 \n361.6 \n135.8 \n43.6 \n122.9 \n906.7 \nDec \n34.8 \n158.8 \n0.0 \n40.0 \n233.6 \n381.5 \n127.7 \n55.2 \n123.0 \n920.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \nJan \n30.9 \n147.5 \n0.2 \n40.0 \n218.6 \n384.5 \n136.4 \n64.4 \n125.3 \n929.1 \nFeb \n30.2 \n165.0 \n0.2 \n40.0 \n235.3 \n385.8 \n132.0 \n65.4 \n125.4 \n943.9 \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n May \n315.3 \n212.0 \n527.4 \n193.3 \n23.4 \n820.0 \n527.4 \n Jun \n309.0 \n222.6 \n531.6 \n198.3 \n100.4 \n830.3 \n531.6 \n Jul \n339.1 \n222.8 \n561.9 \n202.0 \n95.3 \n859.2 \n561.9 \n Aug \n298.4 \n270.1 \n568.4 \n206.3 \n98.2 \n872.9 \n568.4 \n \n \n \n \n \n \n \n \n Sep \n336.1 \n246.9 \n583.0 \n209.2 \n122.0 \n914.2 \n583.0 \n Oct \n310.9 \n264.9 \n575.8 \n212.0 \n119.4 \n907.2 \n575.8 \n Nov \n328.9 \n244.3 \n573.1 \n214.8 \n118.8 \n906.7 \n573.1 \n Dec \n370.3 \n197.3 \n567.6 \n219.6 \n133.9 \n921.0 \n567.6 \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n313.9 \n253.1 \n567.0 \n225.9 \n136.2 \n929.1 \n567.0 \nFeb \n318.7 \n264.4 \n583.1 \n228.6 \n132.2 \n943.9 \n583.1 \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nJun \n131.96 \n75.70 \n3,341.46 \nJul \n132.92 \n112.12 \n3,445.93 \nAug \n132.27 \n89.04 \n3,434.00 \nSep \n146.00 \n96.00 \n3,822.80 \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \nApr \n189.66 \n71.98 \n4,894.68 \nMay \n212.72 \n73.99 \n5,471.22 \nJun \n211.19 \n73.29 \n5,436.57 \nJul \n232.87 \n66.77 \n5,9136.78 \nAug \n181.67 \n48.73 \n4,682.27 \nSep \n200.05 \n49.90 \n5,157.20 \nOct \n209.74 \n52.68 \n5,407.42 \nNov \n213.04 \n47.02 \n5,482.03 \nDec \n202.12 \n45.79 \n5,203.13 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n189.25 \n35.40 \n4,882.11 \nFeb \n189.45 \n39.24 \n4,906.94 \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \nMay \n1,393.0 \n121.5 \n66.2 \n527.4 \n2,108.0 \nJune \n1,218.4 \n108.6 \n70.6 \n531.6 \n1,929.2 \nJuly \n1,162.1 \n109.7 \n70.8 \n561.9 \n1,904.5 \nAugust \n1,132.7 \n105.8 \n70.4 \n568.4 \n1,877.2 \nSeptember \n1,193.8 \n101.6 \n69.8 \n583.0 \n1,948.2 \nOctober \n1,229.3 \n95.2 \n69.3 \n575.8 \n1,969.7 \nNovember \n1,232.8 \n79.7 \n73.4 \n573.1 \n1,959.0 \nDecember \n1,330.7 \n63.3 \n72.7 \n567.6 \n2,034.3 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,206.2 \n63.3 \n70.1 \n567.0 \n1,906.7 \nFebruary \n1,373.4 \n48.3 \n71.5 \n583.1 \n2,076.3 \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n1,035.2 \n200.3 \n36.2 \n66.0 \n-29.8 \nFebruary \n1,244.9 \n1,025.4 \n219.5 \n26.9 \n67.3 \n-40.4 \nMarch \n1,277.6 \n1,016.2 \n261.4 \n8.9 \n65.8 \n-57.0 \nApril \n1,491.7 \n1,050.1 \n441.6 \n23.4 \n68.5 \n-45.1 \nMay \n1,480.8 \n1,037.7 \n443.1 \n27.3 \n70.1 \n-42.8 \nJune \n1,425.8 \n969.7 \n456.0 \n24.1 \n66.9 \n-42.8 \nJuly \n1,429.9 \n964.9 \n465.1 \n11.6 \n66.3 \n-54.7 \nAugust \n1,285.0 \n945.0 \n340.0 \n7.4 \n64.6 \n-57.2 \nSeptember \n1,519.7 \n982.7 \n536.9 \n5.7 \n63.8 \n-58.1 \nOctober \n1,489.0 \n1,006.6 \n482.5 \n4.8 \n62.3 \n-57.5 \nNovember \n1,379.5 \n955.9 \n423.7 \n3.9 \n60.7 \n-56.8 \nDecember \n1,469.9 \n993.3 \n476.6 \n4.6 \n59.3 \n-54.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from May 2012, the prescribed liquid asset ratio was reviewed to 30% of liabilities to the public. \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,417.0 \n1,007.9 \n409.0 \n2.6 \n30.0 \n-27.4 \nFebruary \n1,466.6 \n1,045.6 \n421.0 \n2.5 \n28.7 \n-26.2 \n35 \nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nValues of Transactions (US$ in millions) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n3,563.84 \n5.24 \n80.72 \n173.71 \n115.53 \n89.67 \nFeb \n2,968.02 \n5.52 \n103.88 \n156.66 \n118.70 \n80.56 \nMar \n3,339.98 \n15.21 \n134.33 \n178.08 \n118.47 \n102.05 \nApr \n3,535.58 \n16.58 \n140.28 \n187.85 \n160.61 \n123.03 \nMay \n3,915.31 \n15.42 \n129.20 \n203.37 \n211.75 \n152.24 \nJun \n3,544.35 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJul \n3,955.45 \n12.31 \n132.61 \n205.37 \n164.08 \n139.13 \nAug \n3,351.13 \n10.45 \n138.05 \n203.41 \n189.48 \n128.68 \nSep \n3,409.17 \n13.34 \n120.41 \n190.44 \n173.13 \n142.32 \nOct \n3,641.98 \n13.75 \n121.55 \n206.51 \n201.51 \n156.26 \nNov \n3,134.35 \n11.40 \n102.19 \n229.52 \n222.18 \n57.34 \nDec \n3,438.08 \n4.04 \n130.15 \n265.80 \n268.94 \n68.58 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAnnual Total \n41,797.24 \n136.91 \n1,450.48 \n2,382.07 \n2,091.02 \n1,361.84 \n \n \n \n \n \n \n \nJan \n3,093.01 \n5.24 \n102.26 \n233.10 \n228.25 \n68.31 \n2014 \n \n \n \n \n \n \nFeb \n2,954.93 \n10.73 \n96.27 \n193.90 \n217.14 \n64.42 \n36 \nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nVolumes of Transactions (in thousands) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n181.68 \n21.18 \n761.09 \n691.18 \n6,950.84 \n47.53 \nFeb \n172.41 \n21.95 \n811.83 \n620.06 \n6,835.89 \n30.75 \nMar \n179.44 \n37.01 \n1,377.65 \n743.82 \n7,042.27 \n33.69 \nApr \n182.87 \n37.31 \n954.80 \n760.46 \n9,908.41 \n34.73 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n185.80 \n34.36 \n968.54 \n731.17 \n9,110.97 \n36.87 \nJul \n205.85 \n35.41 \n1,052.26 \n822.57 \n10,099.72 \n42.74 \nAug \n187.25 \n30.29 \n1,114.86 \n825.75 \n11,551.94 \n41.78 \nSep \n201.22 \n33.17 \n1,003.98 \n799.62 \n8,701.56 \n44.48 \nOct \n212.66 \n35.69 \n1,073.88 \n873.19 \n9,769.81 \n48.59 \nNov \n186.64 \n31.74 \n904.27 \n927.93 \n14,753.35 \n24.04 \nDec \n180.80 \n11.82 \n1,033.73 \n1,042.32 \n12,273.02 \n23.56 \n \n \n \n \n \n \n \nAnnual Total 2,291.82 367.02 12,011.07 \n 9,631.50 \n 119,144.68 447.44 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n182.48 \n29.41 \n973.79 \n815.89 \n11,141.19 \n24.19 \nFeb \n175.09 \n32.95 \n991.91 \n799.12 \n10,631.60 \n25.10", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/February2014.pdf"}

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+{"doc_id": "11b2aeaa40941337a276b51d5fbb08de", "text": "i \n \n \n \n \n \n \n \nJUNE 2017 \n \n \n1 \n \nTable of Contents \n \nSELECTED ECONOMIC INDICATORS ................................................................................. 2 \nINTERNATIONAL COMMODITY PRICE DEVELOPMENTS ........................................... 3 \nMERCHANDISE TRADE DEVELOPMENTS........................................................................ 4 \nMONETARY DEVELOPMENTS .............................................................................................. 6 \nSTOCK MARKET DEVELOPMENTS ..................................................................................... 8 \nINFLATION OUTTURN ............................................................................................................. 8 \nNATIONAL PAYMENTS SYSTEM .......................................................................................... 9 \n \n \n \n \n \n \n \n2 \n \n \n \n \n2017 \n \nMay \n2017 \n \nJune \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n69.63 \n69.79 \n0.23% \nZ.S.E. Industrial Index1 \n162.34 \n195.97 \n20.72% \nNational Payment System Transactions \n(US$ millions) \n8 430.11 \n8 743.97 \n3.72% \nMoney Supply (US$ millions)2 \n6 200.30 \n6 491.8 \n \nMoney Supply (M3) Annual Growth2 (%) \n23.24 \n26.91 \n \nYearly Inflation3 (%) \n0.75 \n0.31 \n \nMonthly Inflation3 (%) \n0.03 \n-0.24 \n \nNominal Lending Rate2 (% per annum) \n4.0-18.0 \n4.0-18.0 \n \nSources: \n1. Zimbabwe Stock Exchange (ZSE) \n2. Reserve Bank of Zimbabwe (RBZ) \n3. Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \n \n3 \n \nINTERNATIONAL COMMODITY PRICE \nDEVELOPMENTS \n \n During the month of June 2017, the \ninternational \ncommodity \nprices \nof \ngold, \nplatinum and copper firmed, whilst nickel and \ncrude oil prices retreated. \n \nPrecious Metals \n \nGold prices increased by 1.2%, from a monthly \naverage of US$1,245.92/ounce in May 2017 to \nan average of US$ 1,260.57/ounce in June 2017. \nThis was on the back of political uncertainty in \nthe United Kingdom, which spurred the demand \nfor safe haven assets such as gold. In addition, \nuncertainty over the possibility of further U.S. \nFederal Reserve interest rate hikes in 2017, \nbolstered investment demand for precious \nmetals. \nPlatinum prices also firmed by 0.2%, to close \nthe month under review at an average of \nUS$931.48/ounce. Prices increased, supported \nby \nstrong \nindustrial \ndemand \nfrom \nthe \nautomobile sector, as users switched from \npalladium to platinum, which is a cheaper \nalternative. \nFigure 1: Precious metals prices \n \nSource: Bloomberg, 2017 \n \nBase Metals \n Copper prices increased by 1.5%, from \nUS$5,595.9/ton \nin \nMay \n2017 \nto \nUS$5,679.57/ton in June 2017. This was \nunderpinned by supply shortage concerns, \nfollowing major power outages at copper mines \nin Chile and Indonesia, the world’s largest \ncopper producers. \n Nickel prices, on the other hand, registered a \nmonthly \ndecline, \noccasioned \nby \nrising \nstockpiles, which ignited fears of an increase in \nglobal supply. Prices softened by 3.1%, to a \nmonthly average of US$8,889.32/ton, during \nthe month under analysis. \n \nBrent Crude Oil \nCrude oil prices retreated by 6.9%, from a \nmonthly average of US$51.12/barrel in May \n2017 to US$47.60/barrel in June 2017. Prices \ndeclined on renewed fears of a global glut, amid \nhigh global inventories particularly in the US, as \nshale oil production continued to offset OPEC’s \nefforts to cut global supplies. In addition, \ninvestor doubts about OPEC's ability to \nimplement agreed production cuts also weighed \ndown on oil prices, during the period under \nreview. \n \n \n \n \n \n \n800\n900\n1000\n1100\n1200\n1300\n1400\nMar-16\nApr-16\nMay-16\nJun-16\nJul-16\nAug-16\nSep-16\nOct-16\nNov-16\nDec-16\nJan-17\nFeb-17\nMar-17\nApr-17\nMay-17\nJun-17\nGold\nPlatinum\n \n \n \n4 \n \nFigure 2: International crude oil prices \nSource: Bloomberg, 2017 \nMERCHANDISE TRADE \nDEVELOPMENTS \n \nTotal merchandise trade for June 2017 stood at \nUS$699.2 million, representing a 1.5% increase \nfrom the US$689.2 million recorded in the \nprevious month. \n \nMerchandise Export Developments \nMerchandise \nexports \ndeclined \nby \n8.6%, \nfrom US$223.1 million realized in May 2017 to \nUS$204.0 million in June 2017. This followed \ndeclines of 50%; 49.4% and 16.1% in export \nearnings of ferrochrome, chrome ores and \nplatinum concentrates, respectively. \nGold, nickel, ferrochrome and flue-cured \ntobacco, were the country’s major export \ncommodities in June 2017, accounting for about \n68% of the total export revenues. \n \n \nFigure 3: Merchandise Exports (US$ m) \n \n \nSource: Zimstat, 2017 \n \nTable 1: Exports Classified by HS Code: \n Product \nMay-17 \nUS$m \nJune-17 \nUS$m \nShare of \ntotal \nExports \n(%) \n Gold \n77.4 \n73.2 \n35.9 \n Nickel ores and \nconcentrates \n32.0 \n27.7 \n13.6 \n Flue-cured \ntobacco \n14.6 \n22.4 \n11.0 \n Ferro-chrome \n30.3 \n15.2 \n7.4 \n Cane sugar \n10.1 \n10.0 \n4.9 \n Industrial \ndiamonds \n6.7 \n7.2 \n3.5 \n Unwrought \nplatinum \n5.0 \n4.2 \n2.1 \n Macadamia nuts \n2.9 \n3.2 \n1.6 \n Chromium ores \nand concentrates \n6.2 \n3.1 \n1.5 \n Granite \n2.7 \n2.9 \n1.4 \n Other \n35.2 \n34.9 \n17.1 \n Total Exports \n223.1 \n204.0 \n100.0 \nSource: Zimstat, 2017 & RBZ Calculations, 2017 \nDuring the month under analysis, the country’s \nmerchandise exports were mainly destined for \nSouth Africa, 67.1%; Mozambique, 16.0%, the \nUnited Arab Emirates, 6.6%; Belgium, 3.5%, \n20.00\n25.00\n30.00\n35.00\n40.00\n45.00\n50.00\n55.00\n60.00\nFeb-16\nMar-16\nApr-16\nMay-16\nJun-16\nJul-16\nAug-16\nSep-16\nOct-16\nNov-16\nDec-16\nJan-17\nFeb-17\nMar-17\nApr-17\nMay-17\nJun-17\n190\n195\n200\n205\n210\n215\n220\n225\nMay-17\nJun-17\n \n \n \n5 \n \nZambia, 3.1%; Botswana, 1.3%; Kenya, 0.9%; \nSingapore, 0.5%; Namibia, 0.3%; and the \nUnited States, 0.2%. \n \nSource: Zimstat, 2017 & RBZ Calculations, 2017 \nMerchandise Import Developments \nMerchandise imports increased by 6.2%, from \nUS$466.1 million in May 2017, to US$495.2 \nmillion in June 2017. This was, in large part, \nexplained by the increase in aviation fuel \nimports, from US$0.1 million in May 2017, to \nUS$27.6 million during the month under \nanalysis. \nThe main sources of the country’s imports were \nSouth Africa (38.2%); Singapore (27.2%); \nChina (11.2%); Zambia (2.7%); Japan (2.4) and \nMozambique (2.1%), during the month under \nanalysis, as shown in Figure 6. \n \n \nFigure 6: Major Merchandise Import \nSources (% Share) \nSource: Zimstat, 2017 & RBZ Calculations, 2017 \n \nMerchandise Trade Balance \nThe developments on merchandise trade \nresulted in a 19.8% deterioration in the trade \ndeficit, from US$242.9 million in May 2017 to \nUS$291.2 million in June 2017. \nFigure 7: Merchandise Exports, Imports and \nTrade Balance (US$m) \n \nSource: Zimstat, 2017 & RBZ Computations, 2017 \nSouth \nAfrica\n67.1%\nMozambique\n16.0%\nUAE\n6.6%\nBelgium\n3.5%\nZambia\n3.1%\nBotswana\n1.3%\nKenya\n0.9%\nSingapore\n0.5%\nNamibia\n0.3%\nUnited \nStates\n0.2%\nOther\n0.4%\nFigure 4:Major Merchandise \nExport Destinations\nSouth Africa\nSingapore\nChina\nZambia\nJapan\nMozambique\nMauritius\nUnited Arab Emirates\nMexico\n0%\n10%\n20%\n30%\n40%\n (400.0)\n (300.0)\n (200.0)\n (100.0)\n -\n 100.0\n 200.0\n 300.0\n 400.0\n 500.0\nJan-17\nFeb-17\nMar-17\nApr-17\nMay-17\nJun-17\nExports\nImports\nTrade balance\n \n \n \n6 \n \nMONETARY DEVELOPMENTS \n \nBroad money1 increased by 26.91%, on an \nannual basis, from US$5 115.0 million in June \n2016 to US$6 491.8 million in June 2017. The \ngrowth was reflective of annual increases of \n35.70% in transferable2 deposits. Partially \noffsetting the increase, were declines of 18.88% \nand 1.93% in negotiable certificates of deposits \n(NCDs)3 and time deposits4, respectively. \n \nOn a monthly basis, broad money recorded a \n4.70% growth, from US$6 200.3 million in May \n2017 to US$6 491.8 million in June 2017. \n \n \n \nSource: Reserve Bank of Zimbabwe, 2017 \n \n \n1 Beginning January 2017, broad money was redefined using \nIMF’s Monetary and Financial Statistics Manual of 2000. \nMajor changes include the exclusion of Government deposits \nheld by banks from broad money. \n \nBroad money consisted of transferable or \ntransitory deposits, 72.26%; time deposits, \n23.71%; currency in circulation, 3.02%; and \nnegotiable certificates of deposits, 1.01%. \n \nSource: Reserve Bank of Zimbabwe, 2017 \nThe year-on-year growth in domestic credit rose \nfrom 15.74% in June 2016, to 25.55% in June \n2017. This was on the back of a 48.14% \nexpansion in net credit to Government. Growth \nin net credit to government depicted the fiscus’ \ncontinued reliance on domestic borrowing to \nfinance budget deficits. \n \n2 Transferable deposits made up of demand and savings \ndeposits. \n3 NCDs are also referred to as securities included in broad \nmoney. \n4All classes of time deposits, short and long term are classified \nas time deposits, which are also termed other deposits. \n-5\n0\n5\n10\n15\n20\n25\n30\n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\n 7.0\n%\nUS$ BILLIONS\nFigure 9: Money Supply\nM3\nM3 Annual Growth rate\nTransferable \nDeposits\n72.26%\nOther \nDeposits \n(Time)\n23.71%\nNCDs\n1.01%\nBond \nNotes and \nCoins\n3.02%\nFigure 10: Composition of \nMoney Supply June\n2017\n \n \n \n7 \n \nAnnual credit to the private sector recorded an \nincrease of 3.26%, from US$3 411.7 million \nin June 2016 to US$3 522.8 million in June \n2017. Similarly, monthly credit to the private \nsector increased by 0.12%, from US$3 518.8 \nmillion in May 2017 to US$ 3 522.7 million in \nJune 2017. \n \nSource: Reserve Bank of Zimbabwe, 2017 \nOn a sectoral basis, private sector credit was \ndistributed as follows: households, 22.7%; \nagriculture, \n16.5%; \nservices, \n15.9%; \nmanufacturing, 13.1%; distribution, 11.9%; \nfinancial organisations and investments, 10.8%; \nmining, 4.8%; transport and communications, \n2.1%; construction, 1.7%; and other, 0.5%. \nDuring the month under review, private sector \ncredit was utilised as follows: inventory build-\nup, 31.1%; consumer durables, 15.2%; fixed \ncapital investment, 12.9%; and pre and post \nshipment financing, 1.2%. \nSTOCK MARKET DEVELOPMENTS \n \nThe Zimbabwe Stock exchange maintained a \npositive momentum during the month of June \n2017. Resultantly, industrial and mining indices \nincreased by 0.23% and 20.72% to 69.79 points \nand 195.97 points, respectively. This was partly \nattributable to the increased demand for equities \nas safe haven assets. \n \nSource: Zimbabwe Stock Exchange, 2017 \nThe month under review registered a notable \nnumber of block trades which saw 124 million \nZimre Property Investments (ZPI) shares; \n37.3 million Rainbow Tourism Group (RTG) \nshares, 32.2 million General Beltings Limited \nshares; and 23.7 million Econet Wireless shares \nexchanging hands at US$0.0135; US$0.01; \nUS$0.0011; \nand \nUS$0.355, \nrespectively. \nResultantly, both the turnover volume and value \nincreased by 82.14% and 136.17%, to 311.1 \nmillion \nshares \nand \nUS$39.7 \nmillion, \nrespectively. On a year - on - year basis, the \nHouseholds\n22.7%\nAgriculture, \n16.5%\nManufacturing, \n13.1%\nServices, \n15.9%\nDistribution, \n11.9%\nFinancial \nOrganisati\nons, \n10.8%\nMining, \n4.8%\nTransport and \nCommunication, \n2.1%\nConstruction, \n1.7%\nOther, 0.5%\nFigure 11: Sectoral distribution of \ncredit\n0\n20\n40\n60\n80\n100\n120\n140\n160\n180\n200\n27-May-16\n27-Jun-16\n27-Jul-16\n27-Aug-16\n27-Sep-16\n27-Oct-16\n27-Nov-16\n27-Dec-16\n27-Jan-17\n27-Feb-17\n27-Mar-17\n27-Apr-17\n27-May-17\n27-Jun-17\nFigure 7: ZSE Indices\nIndustrial\nMining\n \n \n \n8 \n \nvalue of shares traded registered a 120.03% \ngrowth. \nForeign \ninvestor \nparticipation, \nhowever, \ncontinued to decline, registering a net outflow of \nUS$4.43 million in June 2017, compared to \nUS$2.38 million in May 2017. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nAnnual headline inflation decelerated to 0.31% \nin June 2017, from 0.75% in May 2017. This \nwas, in large part, explained by the decline in \nnon-food inflation. Annual non-food inflation \nreceded significantly to -0.37% in June 2017, \nfrom 0.21% in May 2017. Annual food inflation \nalso posted a lower increase of 1.82% in June \n2017, from 1.92% in May 2017, as a result of \nthe increase in the domestic supply of food, \nfollowing the good harvest. \n \n \nSource: ZIMSTAT, 2017 \nMonthly Inflation \n \nMonth-on-month inflation slowed down to \n-0.24% in June 2017, from 0.03% in May 2017. \nThe decline was driven by decreases in both \nfood and non-food inflation. \n \n \nSource: ZIMSTAT, 2017 \nMonthly food inflation fell to -0.45% in June \n2017, from 0.07% in May 2017, weighed down \nby declines in the prices of bread and cereals, \nmeat, fruit, vegetables, oils and fats, and milk, \ncheeses and eggs. Increases in the prices of non-\nalcoholic beverages, and fish and seafood, \nhowever, partially offset the declines. \n \nMonthly non-food inflation decelerated from \n0.01% in May 2017 to -0.14% in June 2017. \nThis was attributable to increases in housing, \nwater, electricity gas and other fuels; transport; \nand health. Partially offsetting the declines were \nincreases in recreation and culture and \nrestaurants and hotels. \nNATIONAL PAYMENTS SYSTEM \n \nThe total value of transactions processed \nthrough the National Payment System (NPS) \nincreased by 3.72%, from US$8 430.11 million \nin May 2017 to US$8 743.97 million in June \n2017. NPS transaction volumes also increased \n-5\n-4\n-3\n-2\n-1\n0\n1\n2\nFigure 12: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n-0.4\n-0.2\n0.0\n0.2\n0.4\n0.6\n0.8\nFigure 13: M-O-M Inflation\n \n \n \n9 \n \nby 9.76%, to 76 092 740 in June 2017 from \n69 324 793 in the previous month. \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through the \nRTGS \nsystem \nincreased \nby \n7.5%, \nto \nUS$5.35 \nbillion \nin \nJune \n2017 \nfrom \nUS$4.97 billion recorded in May 2017. \nTransaction volumes, however, registered a 1% \ndecline, from 531 783 in May 2017 to 524 991 \nin June 2017. \nSource: Reserve Bank of Zimbabwe, 2017 \nCash transactions \nCash transactions declined by 30.6%, from \nUS$430.67 \nmillion \nin \nMay \n2017 \nto \nUS$298.98 million in June 2017. \nMobile and Internet Based Transactions \nThe total value of mobile and internet based \ntransactions closed the month of June 2017 at \nUS$1 595.83 million, up from US$1 558.64 \nmillion in May 2017. \nCard Based Transactions \nCard \nbased \ntransactions \ndecreased \nfrom \nUS$602.49 million recorded in May 2017, to \nUS$593.48 million in June 2017. \n \nCheque Transactions \nThe value of cheque transactions decreased by \n3.6%, to close the month of June 2017 at \nUS$6.28 million. \n \nRESERVE BANK OF ZIMBABWE \nJUNE 2017 \n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\n -\n 100\n 200\n 300\n 400\n 500\n 600\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 14: ZETSS Volumes and \nValues\nVolume\nValue\n \n \n10 \n \nStatistical Tables \n \nMonetary Statistics \n 1. Depository Corporations Survey \n \n \n \n13 \n 2. Central Bank Survey \n \n \n \n \n \n \n14 \n \n3. Other Depository Corporations Survey \n \n \n \n \n15 \n Other Depository Corporations \n \n4.1 Assets \n \n \n \n \n \n \n \n16 \n 4.2 Liabilities \n \n \n \n \n \n \n \n17 \n Commercial Banks \n 5.1 Assets \n \n \n \n \n18 \n 5.2 Liabilities \n \n \n \n19 \n Building Societies \n 6.1 Assets \n \n \n \n \n \n \n20 \n 6.2 Liabilities \n \n \n \n \n \n21 \n Sectoral Analysis of Bank Loans and Advances and Deposits \n \n7.1 Sectoral Analysis of Commercial Banks Loans and Advances \n22 \n \n7.2 Sectoral Analysis of Commercial Banks Deposits \n \n \n23 \n Interest Rates \n \n8.1 Lending Rates \n \n \n \n \n \n \n \n24 \n \n8.2 Banks Deposit Rates \n \n \n \n \n \n \n25 \n \n Inflation \n \n9.1 Monthly Inflation \n \n \n \n \n \n \n26 \n \n9.2 Yearly Inflation \n \n \n \n \n \n \n \n27 \n External Statistics \n \n10. Total External Debt Outstanding by Debtor \n \n \n \n28 \n 11. Exchange Rates \n \n \n \n \n \n \n \n29 \n \n \n \n \n11 \n \n12. Zimbabwe Stock Exchange Statistics \n \n \n \n \n 30 \n \n 13. National Payments System Statistics \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n 31 \n \n13.2 Volumes of Transactions \n \n \n \n \n 32 \n \n14. Merchandise Trade Statistics \n \n \n \n \n \n 33 \n \n \n \n \n \n \n \n \n \n \n 12 \n \n \n \n \nJun-16\nJul-16\nAug-16\nSep-16\nOct-16\nNov-16\nDec-16\nJan-17\nFeb-17\nMar-17\nApr-17\nMay-17\nJun-17\nNet Foreign Assets\n-502,899.96\n-393,113.03\n-371,494.66\n-365,714.85\n-564,842.79\n-636,688.80\n-555,620.67\n-584,011.92\n-574,374.12\n-559,959.05\n-513,244.32\n-567,873.40\n-574,972.81\nCentral Bank(net)\n-473,442.49\n-379,979.17\n-390,409.11\n-383,854.74\n-545,842.19\n-591,305.32\n-573,721.83\n-583,214.44\n-588,800.77\n-585,362.68\n-597,983.99\n-624,117.95\n-572,451.17\nForeign Assets\n393,393.91\n383,799.11\n354,937.59\n343,840.92\n416,996.33\n364,866.78\n410,827.76\n449,211.75\n445,565.06\n419,948.30\n406,334.53\n380,372.91\n414,622.73\nForeign Liabilities\n-866,836.39\n-763,778.28\n-745,346.70\n-727,695.66\n-962,838.52\n-956,172.09\n-984,549.60\n-1,032,426.19\n-1,034,365.82\n-1,005,310.99\n-1,004,318.51\n-1,004,490.86\n-987,073.90\nOther Depository Corporations(net)\n-29,457.47\n-13,133.86\n18,914.44\n18,139.89\n-19,000.60\n-45,383.48\n18,101.16\n-797.49\n14,426.64\n25,403.64\n84,739.67\n56,244.55\n-2,521.64\nForeign Assets\n278,419.49\n283,718.30\n309,754.41\n295,146.25\n278,185.36\n244,421.21\n297,836.79\n270,935.31\n290,763.66\n275,104.70\n338,839.86\n302,736.47\n260,090.51\nForeign Liabilities\n-307,876.96\n-296,852.16\n-290,839.97\n-277,006.36\n-297,185.96\n-289,804.69\n-279,735.63\n-271,732.80\n-276,337.02\n-249,701.07\n-254,100.19\n-246,491.92\n-262,612.14\nNet Domestic Assets (NDA)\n5,617,915.82\n5,457,438.42\n5,552,228.17\n5,642,801.47\n5,877,742.21\n6,056,699.56\n6,193,901.69\n6,247,448.43\n6,346,016.00\n6,439,892.69\n6,630,026.96\n6,768,155.75\n7,066,644.43\nDomestic Claims\n6,989,689.04\n6,895,453.88\n6,978,485.30\n7,059,099.99\n7,180,307.48\n7,554,069.08\n7,669,496.22\n7,645,349.84\n7,784,284.88\n7,922,221.15\n8,181,305.42\n8,453,437.89\n8,775,537.48\nClaims on Central Government(net)\n3,192,583.42\n3,134,575.48\n3,227,067.12\n3,299,875.31\n3,381,436.05\n3,679,166.52\n3,747,719.59\n3,862,282.83\n4,003,963.78\n4,034,942.83\n4,316,258.18\n4,466,829.20\n4,729,355.59\nClaims on Central Government\n3,305,953.61\n3,267,213.20\n3,373,077.05\n3,445,300.69\n3,516,314.57\n3,824,753.66\n3,908,493.46\n3,941,069.39\n4,084,363.34\n4,147,553.19\n4,414,769.52\n4,564,175.79\n4,843,590.52\nCentral Bank\n1,865,005.08\n1,790,569.21\n1,929,962.12\n1,954,616.32\n1,970,042.75\n2,306,454.54\n2,337,460.53\n2,270,648.89\n2,355,433.48\n2,337,736.94\n2,444,902.59\n2,578,541.58\n2,781,509.70\nODCs\n1,440,948.54\n1,476,643.99\n1,443,114.93\n1,490,684.38\n1,546,271.82\n1,518,299.12\n1,571,032.92\n1,670,420.50\n1,728,929.86\n1,809,816.25\n1,969,866.92\n1,985,634.21\n2,062,080.82\nLess Liabilities to Central Government\n-113,370.19\n-132,637.72\n-146,009.93\n-145,425.39\n-134,878.53\n-145,587.14\n-160,773.86\n-78,786.57\n-80,399.57\n-112,610.37\n-98,511.34\n-97,346.59\n-114,234.93\nClaims on Other Sectors\n3,797,105.62\n3,760,878.40\n3,751,418.18\n3,759,224.68\n3,798,871.43\n3,874,902.55\n3,921,776.63\n3,783,067.01\n3,780,321.10\n3,887,278.32\n3,865,047.24\n3,986,608.69\n4,046,181.88\nOther Financial Corporations\n122,525.52\n134,294.30\n130,939.44\n132,282.45\n124,852.98\n128,782.67\n119,157.29\n117,123.94\n79,035.53\n80,256.74\n82,515.74\n96,671.25\n150,004.30\nState and Local Government\n40,448.43\n48,803.79\n47,676.40\n43,554.41\n41,728.47\n37,784.82\n34,237.41\n35,909.11\n35,006.53\n34,312.18\n34,732.93\n36,595.52\n35,573.02\nPublic Non Financial Corporations\n222,439.82\n257,749.06\n257,736.50\n234,348.95\n248,965.26\n244,277.53\n240,007.21\n246,102.41\n274,898.12\n268,976.36\n302,761.14\n334,495.68\n337,668.92\nPrivate Sector\n3,411,691.85\n3,320,031.24\n3,315,065.84\n3,349,038.87\n3,383,324.72\n3,464,057.53\n3,528,374.72\n3,383,931.55\n3,391,380.92\n3,503,733.03\n3,445,037.42\n3,518,846.25\n3,522,935.65\nCentral Bank\n24,517.65\n29,223.55\n25,871.86\n28,360.51\n28,496.47\n28,190.50\n31,268.19\n28,547.39\n34,327.69\n34,209.32\n31,152.87\n32,571.62\n33,352.46\nODCs\n3,387,174.20\n3,290,807.69\n3,289,193.98\n3,320,678.35\n3,354,828.25\n3,435,867.03\n3,497,106.53\n3,355,384.15\n3,357,053.23\n3,469,523.72\n3,413,884.55\n3,486,274.63\n3,489,583.19\nOther Items(Net)\n1,371,773.23\n1,438,015.46\n1,426,257.14\n1,416,298.52\n1,302,565.27\n1,497,369.51\n1,475,594.53\n1,397,901.41\n1,438,268.87\n1,482,328.45\n1,551,278.46\n1,685,282.14\n1,708,893.05\nShares and Other Equity\n808,263.47\n832,720.12\n846,025.31\n887,795.24\n915,505.55\n935,291.08\n1,470,571.26\n1,471,378.30\n1,481,807.04\n1,505,125.81\n1,501,542.86\n1,530,318.89\n1,547,498.82\nLiabilities to Other Financial Corporations\n50,664.77\n49,419.92\n44,517.02\n39,463.26\n31,567.03\n32,045.66\n52,038.47\n44,373.98\n46,621.66\n45,153.65\n45,155.62\n45,511.27\n49,869.95\nRestricted Deposits\n151,173.32\n149,999.92\n149,845.80\n153,471.12\n166,495.73\n180,899.67\n60,499.79\n66,478.53\n66,737.97\n67,789.29\n68,133.12\n84,939.87\n84,617.96\nOther Items(net)\n361,671.67\n405,875.51\n385,869.01\n335,568.90\n188,996.96\n349,133.11\n-107,514.99\n-184,329.41\n-156,897.79\n-135,740.30\n-63,553.13\n24,512.12\n26,906.32\nBroad Money-M3\n5,115,015.85\n5,064,325.38\n5,180,733.50\n5,277,086.62\n5,312,899.41\n5,420,010.76\n5,638,281.02\n5,663,436.51\n5,771,641.88\n5,879,933.65\n6,116,782.64\n6,200,282.35\n6,491,671.62\nSecurities Other than Shares Included in Broad Mon\n80,952.14\n71,791.03\n80,840.29\n74,118.29\n73,356.67\n43,862.17\n62,894.35\n50,562.02\n59,329.24\n60,161.15\n63,292.20\n61,392.93\n65,667.46\nBroad Money-M2\n5,034,063.72\n4,992,534.36\n5,099,893.22\n5,202,968.33\n5,239,542.75\n5,376,148.60\n5,575,386.66\n5,612,874.49\n5,712,312.64\n5,819,772.50\n6,053,490.44\n6,138,889.42\n6,426,004.16\nOther Deposits\n1,569,208.72\n1,517,709.33\n1,553,347.70\n1,534,910.45\n1,508,943.19\n1,467,582.00\n1,471,657.19\n1,544,945.66\n1,552,644.56\n1,529,856.98\n1,530,705.58\n1,558,418.08\n1,538,865.52\nNarrow Money-M1\n3,464,854.99\n3,474,825.02\n3,546,545.52\n3,668,057.88\n3,730,599.56\n3,908,566.59\n4,103,729.48\n4,067,928.83\n4,159,668.08\n4,289,915.52\n4,522,784.87\n4,580,471.34\n4,887,138.64\nTransferable Deposits\n3,456,750.65\n3,466,614.21\n3,537,772.31\n3,658,634.63\n3,720,917.62\n3,889,717.47\n4,033,558.66\n3,985,443.09\n4,046,287.46\n4,147,742.43\n4,369,406.07\n4,404,701.40\n4,690,977.34\nCurrency Outside Depository Corporations\n8,104.35\n8,210.82\n8,773.21\n9,423.25\n9,681.93\n18,849.12\n70,170.81\n82,485.74\n113,380.62\n142,173.09\n153,378.80\n175,769.94\n196,161.30\nNote:\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.\nTABLE 1: DEPOSITORY CORPORATIONS SURVEY (US$ '000)\n \n \n \n13 \n \n \nJun-16\nJul-16\nAug-16\nSep-16\nOct-16\nNov-16\nDec-16 \nJan-17\nFeb-17\nMar-17\nApr-17\nMay-17\nJun-17\nNet Foreign Assets\n-473,442.49\n-379,979.17\n-390,409.11\n-383,854.74\n-545,842.19\n-591,305.32\n-573,721.83\n-583,214.44\n-588,800.77\n-585,362.68\n-597,983.99\n-624,117.95\n-572,451.17\nClaims on Non Residents\n393,393.91\n383,799.11\n354,937.59\n343,840.92\n416,996.33\n364,866.78\n410,827.76\n449,211.75\n445,565.06\n419,948.30\n406,334.53\n380,372.91\n414,622.73\nOfficial Reserves Assets\n293,946.47\n285,543.05\n255,805.98\n244,677.43\n316,461.39\n266,511.75\n309,331.78\n350,427.48\n346,696.05\n320,526.53\n306,195.43\n280,743.61\n311,434.24\nOther Foreign Assets\n99,447.43\n98,256.06\n99,131.61\n99,163.49\n100,534.95\n98,355.02\n101,495.99\n98,784.27\n98,869.01\n99,421.78\n100,139.10\n99,629.30\n103,188.49\nLess Liabilities to Non Residents\n866,836.39\n763,778.28\n745,346.70\n727,695.66\n962,838.52\n956,172.09\n984,549.60\n1,032,426.19\n1,034,365.82\n1,005,310.99\n1,004,318.51\n1,004,490.86\n987,073.90\nShort Term Liabilities\n450,321.22\n349,757.38\n351,510.63\n331,152.07\n482,116.69\n481,842.04\n515,365.90\n558,302.10\n560,678.78\n528,171.18\n523,978.67\n523,548.11\n502,610.47\nOther Foreign Liabilities\n416,515.17\n414,020.90\n393,836.06\n396,543.59\n480,721.84\n474,330.06\n469,183.69\n474,124.08\n473,687.04\n477,139.81\n480,339.84\n480,942.76\n484,463.43\nNet Domestic Assets (NDA)\n1,483,098.69\n1,431,538.49\n1,528,966.57\n1,582,075.13\n1,651,349.30\n1,910,944.27\n2,046,457.01\n2,082,987.44\n2,193,388.18\n2,189,787.86\n2,257,730.24\n2,349,466.00\n2,521,330.28\nDomestic Claims\n1,937,013.69\n1,909,144.81\n2,028,462.52\n2,036,657.48\n2,070,285.42\n2,396,766.46\n2,420,011.99\n2,449,800.81\n2,551,097.25\n2,545,403.08\n2,683,243.81\n2,852,123.09\n3,029,056.93\nNet Claims on Central Government\n1,777,241.09\n1,708,832.27\n1,830,889.20\n1,852,931.02\n1,878,215.64\n2,207,020.45\n2,218,852.08\n2,244,839.79\n2,330,293.56\n2,312,027.68\n2,422,539.02\n2,556,298.97\n2,740,989.57\nClaims on Central Government\n1,865,005.08\n1,790,569.21\n1,929,962.12\n1,954,616.32\n1,970,042.75\n2,306,454.54\n2,337,460.53\n2,270,562.63\n2,355,433.48\n2,337,736.94\n2,444,816.34\n2,578,541.58\n2,781,509.70\nOf which: Securities Other than Shares\n283,077.80\n279,010.40\n283,933.50\n260,822.30\n259,945.20\n250,270.16\n566,328.08\n577,431.69\n562,535.65\n551,741.20\n533,407.34\n537,150.63\n620,541.15\nLess Liabilities to Central Government\n87,763.98\n81,736.94\n99,072.93\n101,685.30\n91,827.11\n99,434.09\n118,608.45\n25,722.84\n25,139.92\n25,709.26\n22,277.32\n22,242.61\n338,860.92\nOf which: Deposits\n87,763.98\n81,736.94\n99,072.93\n101,685.30\n91,827.11\n99,434.09\n118,608.45\n25,722.84\n25,139.92\n25,709.26\n22,277.32\n22,242.61\n40,520.14\nClaims on Other Sectors\n159,772.59\n200,312.54\n197,573.32\n183,726.46\n192,069.78\n189,746.01\n201,159.91\n206,874.76\n243,242.69\n235,375.40\n262,618.54\n297,824.11\n290,067.36\nOther Financial Corporations\n11,717.92\n14,072.39\n14,485.45\n14,842.27\n18,107.69\n18,890.01\n16,515.86\n16,900.44\n18,434.72\n18,570.34\n18,972.27\n19,413.25\n17,924.43\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\n123,537.02\n157,016.59\n157,216.02\n140,523.67\n145,465.62\n142,665.50\n153,375.86\n161,426.93\n190,480.28\n182,595.75\n212,493.40\n245,839.24\n238,790.47\nPrivate Sector\n24,517.65\n29,223.55\n25,871.86\n28,360.51\n28,496.47\n28,190.50\n31,268.19\n28,547.39\n34,327.69\n34,209.32\n31,152.87\n32,571.62\n33,352.46\nClaims on Other Depository Corporations\n223,418.95\n224,948.10\n203,523.49\n199,637.85\n145,431.17\n164,922.74\n140,331.70\n110,720.51\n93,514.18\n104,865.33\n85,479.27\n50,810.90\n52,540.42\nOther Liabilities to ODCs\n273,601.27\n276,345.66\n277,697.37\n277,611.11\n278,881.87\n280,278.62\n268,568.70\n269,925.53\n255,446.41\n242,394.50\n294,200.81\n305,898.38\n307,589.96\nOther Items(Net)\n403,732.68\n426,208.76\n425,322.07\n376,609.09\n285,485.42\n370,466.32\n245,317.99\n209,608.36\n218,215.84\n220,086.04\n218,792.03\n249,569.60\n254,677.12\nMonetary Base Incl. foreign currency clearing \nbalances\nMonetary Base \n1,009,656.202 1,051,559.320 1,138,557.468 1,198,220.393 1,105,507.110 1,319,638.956 1,472,735.173 1,499,773.004 1,604,587.411 1,604,425.179 1,659,746.254 1,725,348.049 1,948,879.104\nBond Coins\n9,719.251\n9,831.185\n10,353.400\n11,050.358\n11,102.753\n13,404.374\n13,783.332\n13,852.694\n13,845.125\n20,385.149\n23,268.864\n25,819.605\n27,667.474\nBond Notes\n0.000\n0.000\n0.000\n0.000\n0.000\n10,009.774\n72,950.552\n88,839.102\n118,836.703\n134,347.604\n140,801.342\n163,388.941\n175,855.752\nLiabilities to ODCs\n996,320.429 1,032,687.846 1,123,924.446 1,183,078.547 1,093,687.178 1,292,654.095 1,385,011.220 1,395,502.072 1,467,941.594 1,446,635.592 1,492,786.162 1,520,837.740 1,728,301.189\nReserve Deposits\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\n0.000\nOther\n996,320.429 1,032,687.846 1,123,924.446 1,183,078.547 1,093,687.178 1,292,654.095 1,385,011.220 1,395,502.072 1,467,941.594 1,446,635.592 1,492,786.162 1,520,837.740 1,728,301.189\nPrivate Deposits\n3,616.522\n9,040.289\n4,279.622\n4,091.489\n717.178\n3,570.712\n990.069\n1,579.135\n3,963.989\n3,056.833\n2,889.886\n15,301.762\n17,054.689\nSource: Reserve Bank of Zimbawe\nTABLE 2: CENTRAL BANK SURVEY (US$'000)\n \n \n \n14 \n \n \n \nJun-16\nJul-16\nAug-16\nSep-16\nOct-16\nNov-16\nDec-16\nJan-17\nFeb-17\nMar-17\nApr-17\nMay-17\nJun-17\nNet Foreign Assets\n-29,457.47\n-13,133.86\n18,914.44\n18,139.89\n-19,000.60\n-45,383.48\n18,101.16\n-797.49\n14,426.64\n25,403.64\n84,739.67\n56,244.55\n-2,521.64\nClaims on Non Residents\n278,419.49\n283,718.30\n309,754.41\n295,146.25\n278,185.36\n244,421.21\n297,836.79\n270,935.31\n290,763.66\n275,104.70\n338,839.86\n302,736.47\n260,090.51\nOf Which: Foreign Currency\n124,614.66\n111,032.19\n148,463.11\n96,321.10\n88,598.31\n76,252.73\n107,687.14\n110,979.79\n96,836.03\n66,426.17\n67,822.05\n56,944.26\n57,084.55\nDeposits\n153,552.10\n172,433.28\n161,037.37\n198,569.69\n189,337.46\n167,926.29\n189,886.91\n159,688.03\n193,663.57\n208,412.27\n270,746.20\n245,512.83\n202,703.19\nOther\n252.73\n252.83\n253.93\n255.46\n249.59\n242.19\n262.74\n267.49\n264.07\n266.26\n271.61\n279.38\n302.77\nLess Liabilities to Non Residents\n307,876.96\n296,852.16\n290,839.97\n277,006.36\n297,185.96\n289,804.69\n279,735.63\n271,732.80\n276,337.02\n249,701.07\n254,100.19\n246,491.92\n262,612.14\nOf Which: Deposits\n152,069.73\n150,944.72\n146,501.12\n142,949.55\n146,422.62\n136,426.63\n142,073.73\n137,945.79\n135,779.65\n117,026.45\n126,179.95\n120,578.30\n119,073.63\nLoans\n155,807.23\n145,907.44\n144,338.85\n134,056.82\n150,763.34\n153,378.06\n137,661.90\n133,787.01\n140,557.37\n132,674.61\n127,920.24\n125,913.62\n143,538.51\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)\n5,132,752.46\n \n5,060,208.14\n \n5,148,766.23\n \n5,245,432.00\n \n5,321,500.90\n \n5,442,974.41\n \n5,549,018.98\n \n5,580,169.12\n \n5,639,870.63\n \n5,709,300.08\n \n5,875,774.29\n \n5,952,966.10\n \n6,280,977.27\n \nDomestic Claims\n5,052,675.36\n \n4,986,309.07\n \n4,950,022.79\n \n5,022,442.51\n \n5,110,022.06\n \n5,157,302.61\n \n5,249,484.24\n \n5,193,549.03\n \n5,210,748.62\n \n5,374,818.07\n \n5,496,061.61\n \n5,599,314.81\n \n5,744,480.55\n \nNet Claims on Central Government\n1,415,342.33\n \n1,425,743.21\n \n1,396,177.93\n \n1,446,944.29\n \n1,503,220.41\n \n1,472,146.07\n \n1,528,867.51\n \n1,617,356.78\n \n1,673,670.22\n \n1,722,915.15\n \n1,893,632.91\n \n1,910,530.23\n \n1,988,366.03\n \nClaims on Central Government\n1,440,948.5355\n \n1,476,643.9874\n \n1,443,114.9290\n \n1,490,684.3763\n \n1,546,271.8214\n \n1,518,299.1187\n \n1,571,032.9250\n \n1,670,420.5050\n \n1,728,929.8577\n \n1,809,816.2513\n \n1,969,866.9249\n \n1,985,634.2076\n \n2,062,080.8211\n \nSecurities\n1,412,869.1273\n \n1,450,083.5207\n \n1,420,220.1988\n \n1,463,404.5297\n \n1,517,535.6764\n \n1,500,671.4257\n \n1,553,239.1020\n \n1,654,534.6290\n \n1,713,961.3077\n \n1,794,113.0553\n \n1,954,045.2049\n \n1,968,887.3446\n \n2,014,158.1741\n \nLoans\n28,079.4082\n \n26,560.4666\n \n22,894.7303\n \n27,279.8466\n \n28,736.1450\n \n17,627.6930\n \n17,793.8230\n \n15,885.8760\n \n14,968.5500\n \n15,703.1960\n \n15,821.7200\n \n16,746.8630\n \n47,922.6470\n \nOther \n-\n \n-\n \n-\n \n(0.0000)\n \n-\n \n(0.0000)\n \n0.0000\n \n(0.0000)\n \n0.0000\n \n-\n \n(0.00)\n \n(0.00)\n \n(0.00)\n \nLess Liabilities to Central Government\n(25,606.2057)\n \n(50,900.7775)\n \n(46,937.0009)\n \n(43,740.0913)\n \n(43,051.4118)\n \n(46,153.0502)\n \n(42,165.4109)\n \n(53,063.7244)\n \n(55,259.6416)\n \n(86,901.1009)\n \n(76,234.0149)\n \n(75,103.9806)\n \n(73,714.7955)\n \nClaims on Other Sectors\n3,637,333.0280\n \n3,560,565.8611\n \n3,553,844.8587\n \n3,575,498.2216\n \n3,606,801.6478\n \n3,685,156.5434\n \n3,720,616.7211\n \n3,576,192.2507\n \n3,537,078.4083\n \n3,651,902.92\n \n3,602,428.70\n \n3,688,784.58\n \n3,756,114.52\n \nOther Financial Corporations\n110,807.60\n \n120,221.91\n \n116,453.99\n \n117,440.18\n \n106,745.29\n \n109,892.67\n \n102,641.44\n \n100,223.50\n \n60,600.81\n \n61,686.40\n \n63,543.47\n \n77,258.00\n \n132,079.86\n \nState and Local Government\n40,448.43\n \n48,803.79\n \n47,676.40\n \n43,554.41\n \n41,728.47\n \n37,784.82\n \n34,237.41\n \n35,909.11\n \n35,006.53\n \n34,312.18\n \n34,732.93\n \n36,595.52\n \n35,573.02\n \nPublic Non Financial Corporations\n98,902.80\n \n100,732.47\n \n100,520.49\n \n93,825.28\n \n103,499.64\n \n101,612.03\n \n86,631.35\n \n84,675.48\n \n84,417.84\n \n86,380.62\n \n90,267.74\n \n88,656.44\n \n98,878.45\n \nPrivate Sector\n3,387,174.20\n \n3,290,807.69\n \n3,289,193.98\n \n3,320,678.35\n \n3,354,828.25\n \n3,435,867.03\n \n3,497,106.53\n \n3,355,384.15\n \n3,357,053.23\n \n3,469,523.72\n \n3,413,884.55\n \n3,486,274.63\n \n3,489,583.19\n \nClaims on the Central Bank\n1,017,467.818\n \n1,055,340.530\n \n1,178,684.455\n \n1,209,909.110\n \n1,156,606.119\n \n1,323,120.314\n \n1,435,556.219\n \n1,475,197.651\n \n1,507,778.322\n \n1,498,477.568\n \n1,505,940.672\n \n1,505,814.461\n \n1,682,269.779\n \nBond Notes and Coins\n1,614.904\n \n1,620.368\n \n1,580.191\n \n1,627.106\n \n1,420.818\n \n4,565.027\n \n16,563.071\n \n20,206.055\n \n19,301.209\n \n12,559.660\n \n10,691.409\n \n13,438.609\n \n7,361.926\n \nReserves\n1,015,852.915\n \n1,053,720.162\n \n1,177,104.264\n \n1,208,282.003\n \n1,155,185.301\n \n1,318,555.287\n \n1,418,993.147\n \n1,454,991.597\n \n1,488,477.113\n \n1,485,917.908\n \n1,495,249.263\n \n1,492,375.852\n \n1,674,907.853\n \nLiabilities to the Central Bank\n0.691\n2.585\n0.242\n0.723\n0.106\n0.219\n1750.127\n0.244\n1.8\n1752.651\n3.143\n0.771\n0.694\nOther Items(Net)\n937,390.03\n \n981,438.87\n \n979,940.77\n \n986,918.90\n \n945,127.17\n \n1,037,448.30\n \n1,134,271.35\n \n1,088,577.32\n \n1,078,654.52\n \n1,162,242.90\n \n1,126,224.85\n \n1,152,162.40\n \n1,145,772.36\n \nShares and Other Equity\n1,160,998.70\n \n1,174,877.57\n \n1,188,635.39\n \n1,194,352.25\n \n1,211,644.10\n \n1,228,902.77\n \n1,271,826.05\n \n1,272,987.21\n \n1,279,285.69\n \n1,301,867.36\n \n1,295,023.50\n \n1,310,286.87\n \n1,325,276.01\n \nLiabilities to other financial corporations\n47,396.74\n \n46,151.88\n \n41,248.99\n \n36,195.23\n \n28,299.00\n \n28,777.63\n \n48,770.44\n \n41,105.95\n \n43,353.63\n \n41,885.62\n \n41,887.59\n \n42,243.24\n \n46,601.91\n \nOther Items(Net)\n(271,005.41)\n \n(239,590.58)\n \n(249,943.61)\n \n(243,628.59)\n \n(294,815.93)\n \n(220,232.10)\n \n(186,325.14)\n \n(225,515.85)\n \n(243,984.80)\n \n(181,510.08)\n \n(210,686.24)\n \n(200,367.71)\n \n(226,105.56)\n \nDeposits and Securities Included in Broad Money\n5,103,294.98\n \n5,047,074.28\n \n5,167,680.67\n \n5,263,571.88\n \n5,302,500.30\n \n5,397,590.93\n \n5,567,120.14\n \n5,579,371.63\n \n5,654,297.27\n \n5,734,703.72\n \n5,960,513.96\n \n6,009,210.65\n \n6,278,455.63\n \nDeposits Included in Broad Money\n5,022,342.85\n \n4,975,283.25\n \n5,086,840.39\n \n5,189,453.59\n \n5,229,143.63\n \n5,353,728.76\n \n5,504,225.78\n \n5,528,809.61\n \n5,594,968.03\n \n5,674,542.57\n \n5,897,221.76\n \n5,947,817.72\n \n6,212,788.17\n \nTransferable Deposits\n3,453,134.13\n \n3,457,573.92\n \n3,533,492.69\n \n3,654,543.14\n \n3,720,200.45\n \n3,886,146.76\n \n4,032,568.59\n \n3,983,863.96\n \n4,042,323.47\n \n4,144,685.59\n \n4,366,516.18\n \n4,389,399.64\n \n4,673,922.65\n \nOther Deposits\n1,569,208.72\n \n1,517,709.33\n \n1,553,347.70\n \n1,534,910.45\n \n1,508,943.19\n \n1,467,582.00\n \n1,471,657.19\n \n1,544,945.66\n \n1,552,644.56\n \n1,529,856.98\n \n1,530,705.58\n \n1,558,418.08\n \n1,538,865.52\n \nMoney Market Instruments\n80,952.14\n \n71,791.03\n \n80,840.29\n \n74,118.29\n \n73,356.67\n \n43,862.17\n \n62,894.35\n \n50,562.02\n \n59,329.24\n \n60,161.15\n \n63,292.20\n \n61,392.93\n \n65,667.46\n \nSource: Reserve Bank of Zimbawe\nTABLE 3: OTHER DEPOSITORY CORPORATIONS SURVEY ( US '000)\n \n \n \n15 \n \n \n \n \n \n \nForeign\nTOTAL\nEnd of\nNotes\nBond\n&\nBalances\nBalances with\nBalances\nOther Claims \n Notes &\nCoin\nwith\nOther Depository \nwith\non\nGovernment1\nLocal Governemt\nPublic Enterprises\nOther2\nGovernment\nLocal \nPublic \nOther Institutional Units3\nOther cliams\nContigent Assets\nOther Assets\nNon Financial \nCoins\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\nGovernment\nEnterprises\nAssets\n2016\nJan\n1.22\n \n193.28\n734.58\n294.53\n116.1\n25.0\n1,147.0\n28.8\n5.2\n19.1\n28.5\n15.6\n63.6\n3,547.4\n110.2\n582.8\n412.8\n545.1\n7,870.8\nFeb\n1.44\n \n160.35\n763.47\n287.06\n102.8\n25.0\n1,228.9\n29.2\n5.2\n19.0\n25.0\n15.8\n61.1\n3,472.0\n100.5\n477.1\n427.3\n547.6\n7,748.9\nMar\n1.53\n \n179.00\n809.22\n286.42\n148.6\n25.0\n1,225.0\n28.5\n5.1\n16.4\n22.6\n14.2\n103.9\n3,510.6\n59.3\n471.0\n428.0\n552.9\n7,887.2\nApr\n1.55\n \n146.02\n818.74\n323.00\n111.8\n25.0\n1,322.7\n27.6\n5.1\n15.8\n25.1\n15.0\n102.4\n3,453.7\n66.7\n413.7\n445.5\n552.2\n7,871.5\nMay\n1.53\n \n100.12\n973.06\n281.55\n91.0\n25.0\n1,354.1\n26.8\n5.0\n16.6\n12.3\n14.7\n101.1\n3,433.4\n61.0\n397.0\n440.2\n564.1\n7,898.5\nJun\n1.61\n \n124.61\n1,015.85\n287.98\n128.5\n25.0\n1,412.9\n25.9\n0.0\n16.4\n28.1\n14.6\n98.9\n3,414.9\n66.9\n407.7\n431.5\n578.8\n8,080.1\nJul\n1.62\n \n111.03\n1,053.72\n242.57\n147.4\n25.0\n1,450.1\n33.4\n0.0\n16.2\n26.6\n15.4\n100.7\n3,320.9\n74.2\n393.1\n416.7\n592.4\n8,021.1\nAug\n1.58\n \n148.46\n1,177.10\n235.02\n136.0\n25.0\n1,420.2\n32.3\n0.0\n11.3\n22.9\n15.4\n100.5\n3,326.8\n67.8\n390.2\n445.0\n598.3\n8,153.9\nSep\n1.63\n \n96.32\n1,208.28\n310.75\n173.6\n25.0\n1,463.4\n29.0\n5.4\n3.2\n27.3\n14.5\n88.4\n3,349.0\n86.1\n382.3\n448.6\n606.6\n8,319.5\nOct\n1.42\n \n88.60\n1,155.19\n322.05\n162.3\n27.0\n1,517.5\n26.3\n15.4\n3.9\n28.7\n15.5\n88.1\n3,389.7\n68.2\n397.2\n427.7\n609.0\n8,343.8\nNov\n4.57\n \n76.25\n1,318.56\n318.52\n140.9\n27.0\n1,500.7\n22.3\n15.5\n4.6\n17.6\n15.4\n86.1\n3,469.5\n71.9\n350.5\n419.0\n618.2\n8,477.2\nDec\n16.56\n \n107.69\n1,418.99\n378.23\n162.9\n27.0\n1,553.2\n21.0\n15.3\n4.9\n17.8\n13.2\n71.3\n3,265.0\n330.1\n376.7\n408.8\n626.0\n8,814.8\n2017\nJan\n20.21\n \n110.98\n1,454.99\n239.82\n132.7\n27.0\n1,654.5\n20.8\n15.4\n3.6\n15.9\n15.1\n69.2\n3,394.7\n57.5\n395.7\n383.4\n630.4\n8,642.1\nFeb\n19.30\n \n96.84\n1,488.48\n251.83\n145.1\n48.6\n1,714.0\n20.1\n15.5\n3.2\n15.0\n14.9\n68.9\n3,177.9\n236.8\n398.5\n400.0\n631.1\n8,746.0\nMar\n12.56\n \n66.43\n1,485.92\n260.51\n154.9\n53.5\n1,794.1\n18.7\n15.7\n3.8\n15.7\n15.7\n70.7\n3,460.5\n67.2\n422.4\n442.5\n635.1\n8,995.8\nApr\n10.69\n \n67.82\n1,495.25\n249.41\n219.3\n51.4\n1,954.0\n17.8\n15.8\n3.6\n15.8\n16.9\n74.5\n3,449.5\n24.6\n489.1\n398.8\n644.6\n9,199.0\nMay\n13.44\n \n56.94\n1,492.38\n272.47\n170.2\n75.3\n1,968.9\n20.3\n15.7\n33.6\n16.7\n16.3\n72.9\n3,447.8\n82.4\n486.1\n421.7\n644.4\n9,307.6\nJun\n7.36\n \n57.08\n1,674.91\n350.26\n92.1\n110.6\n2,014.2\n19.0\n16.0\n35.0\n47.9\n16.5\n82.9\n3,494.3\n92.8\n533.5\n408.9\n649.6\n9,702.8\nSource:Reserve Bank of Zimbabwe,2017\nNotes\n1.Government securities includes treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\n3.Includes households, other financial corporations, \nTABLE 4.1: - OTHER DEPOSITORY CORPORATIONS -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n16 \n \n \nDebt Securities\nForeign Liabilities\nCapital\nContigent\nOther\nTotal\nand\nLiablities\nLiablities\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository \nOther Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2016\n Jan\n2,487.3\n650.3\n1,536.5\n4,674.2\n388.1\n26.4\n5,088.7\n44.9\n356.5\n0.0\n125.0\n86.0\n1,189.0\n582.8\n397.8\n7,870.76\n \n Feb\n2,466.2\n669.7\n1,552.9\n4,688.8\n375.0\n20.4\n5,084.1\n50.3\n341.1\n0.0\n171.7\n36.4\n1,196.7\n477.1\n391.3\n7,748.89\n \n Mar\n2,566.3\n676.8\n1,592.4\n4,835.5\n371.0\n16.9\n5,223.5\n55.6\n340.1\n0.0\n181.1\n37.3\n1,185.3\n471.0\n393.5\n7,887.24\n \n Apr\n2,629.9\n695.1\n1,568.6\n4,893.7\n332.4\n18.5\n5,244.6\n80.1\n322.6\n0.0\n194.0\n36.9\n1,188.4\n413.7\n391.2\n7,871.55\n \n May\n2,698.3\n690.6\n1,559.5\n4,948.4\n309.8\n19.5\n5,277.7\n71.6\n336.1\n0.0\n143.5\n36.8\n1,238.7\n397.0\n397.2\n7,898.54\n \n June\n2,792.4\n660.9\n1,569.2\n5,022.5\n401.4\n25.6\n5,449.5\n81.0\n307.7\n0.0\n159.4\n47.4\n1,243.5\n407.7\n384.0\n8,080.12\n \n July\n2,734.8\n722.9\n1,517.7\n4,975.5\n435.1\n50.9\n5,461.5\n71.8\n296.6\n0.0\n129.6\n46.2\n1,256.6\n393.1\n365.6\n8,021.06\n \n Aug\n2,894.5\n639.2\n1,553.3\n5,087.1\n412.3\n46.9\n5,546.3\n80.8\n290.6\n0.0\n127.6\n41.2\n1,271.0\n390.2\n406.1\n8,153.92\n \n Sep\n2,974.8\n679.9\n1,534.9\n5,189.6\n479.7\n43.7\n5,713.0\n74.1\n276.8\n0.0\n151.7\n36.2\n1,276.8\n382.3\n408.4\n8,319.46\n \n Oct\n3,115.2\n605.1\n1,508.9\n5,229.3\n433.8\n43.1\n5,706.1\n73.4\n297.0\n0.0\n162.4\n28.3\n1,293.5\n397.2\n385.9\n8,343.79\n \n Nov\n3,245.5\n640.8\n1,467.6\n5,353.9\n471.9\n46.2\n5,872.0\n43.9\n289.7\n0.0\n142.2\n28.8\n1,313.4\n350.5\n436.9\n8,477.19\n \n Dec\n3,329.8\n702.9\n1,471.7\n5,504.4\n510.9\n42.2\n6,057.4\n62.9\n279.6\n1.8\n191.5\n48.8\n1,384.1\n376.7\n412.1\n8,814.81\n \n2017\n Jan\n3,263.8\n720.5\n1,544.9\n5,529.3\n429.8\n53.1\n6,012.2\n50.6\n271.2\n0.0\n104.5\n41.1\n1,360.2\n395.7\n406.6\n8,642.14\n \n Feb\n3,325.9\n722.0\n1,552.6\n5,600.5\n426.0\n55.3\n6,081.7\n59.3\n270.8\n0.0\n126.1\n43.4\n1,365.8\n398.5\n400.4\n8,746.02\n \n Mar\n3,429.2\n715.7\n1,529.9\n5,674.7\n461.0\n86.9\n6,222.6\n60.2\n249.6\n1.8\n134.9\n41.9\n1,426.8\n422.4\n435.7\n8,995.81\n \n Apr\n3,555.8\n813.7\n1,530.7\n5,900.2\n450.9\n76.2\n6,427.3\n63.3\n251.1\n0.0\n117.4\n41.9\n1,382.2\n489.1\n426.7\n9,199.00\n \n May\n3,593.7\n798.7\n1,558.4\n5,950.8\n454.6\n75.1\n6,480.5\n61.4\n243.5\n0.0\n95.2\n42.2\n1,448.6\n486.1\n450.1\n9,307.64\n \n Jun\n3,851.4\n825.6\n1,538.9\n6,215.9\n497.6\n73.7\n6,787.2\n65.7\n259.5\n0.0\n108.9\n46.6\n1,455.9\n533.5\n445.6\n9,702.82\n \nSource:Reserve Bank of Zimbabwe,2017\nTABLE 4.1 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES \nDeposits\nAmounts Owing to\nUS$millions\n \n \n \n17 \n \n \n \n \n \n \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\nLocal Governemt\nPublic Enterprises\nOther2\nGovernment\nGovernment\nEnterprises\n Institutional Units3\nOther claims\nAssets\nOther Assets\nAssets\nCoins\nCoin\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2016\nJan\n1.05\n \n171.98\n667.53\n119.20\n105.6\n25.0\n1,039.4\n0.0\n5.2\n19.1\n28.5\n15.6\n62.6\n2,703.9\n61.5\n582.8\n278.8\n396.6\n6,284.4\nFeb\n1.21\n \n140.75\n702.19\n96.28\n93.1\n25.0\n1,128.1\n0.0\n5.2\n19.0\n25.0\n15.8\n60.1\n2,615.0\n62.1\n477.1\n292.8\n399.3\n6,158.2\nMar\n1.31\n \n161.90\n734.53\n96.34\n131.7\n25.0\n1,143.3\n0.0\n5.1\n16.4\n22.6\n14.2\n102.9\n2,618.9\n62.6\n471.0\n298.0\n405.1\n6,311.1\nApr\n1.35\n \n135.51\n778.19\n135.47\n108.3\n25.0\n1,200.9\n0.0\n5.1\n15.8\n25.1\n15.0\n101.5\n2,573.6\n69.6\n413.7\n309.7\n404.7\n6,318.6\nMay\n1.38\n \n89.57\n891.44\n130.52\n85.3\n25.0\n1,229.5\n0.0\n5.0\n16.6\n12.3\n14.7\n100.1\n2,534.2\n64.0\n397.0\n302.2\n413.8\n6,312.8\nJun\n1.42\n \n108.53\n934.42\n84.65\n123.2\n25.0\n1,279.0\n0.0\n0.0\n16.4\n28.1\n14.6\n97.9\n2,523.7\n64.1\n407.7\n299.0\n431.6\n6,439.3\nJul\n1.45\n \n101.74\n977.63\n79.50\n141.3\n25.0\n1,316.9\n0.0\n0.0\n16.2\n26.6\n15.4\n99.7\n2,414.7\n65.7\n393.1\n284.0\n440.7\n6,399.6\nAug\n1.36\n \n140.23\n1,074.47\n97.53\n131.9\n25.0\n1,297.4\n0.0\n0.0\n11.3\n22.9\n15.4\n99.5\n2,414.8\n67.3\n390.2\n313.6\n447.3\n6,550.2\nSep\n1.40\n \n91.63\n1,122.67\n143.91\n169.6\n25.0\n1,331.9\n0.0\n5.4\n3.2\n27.3\n14.5\n87.3\n2,451.9\n71.4\n382.3\n317.3\n455.9\n6,702.6\nOct\n1.27\n \n81.03\n1,090.44\n130.20\n155.1\n27.0\n1,376.2\n0.0\n15.4\n3.9\n28.7\n15.5\n87.1\n2,472.1\n66.0\n397.2\n293.2\n458.2\n6,698.6\nNov\n4.24\n \n69.45\n1,242.12\n103.17\n136.3\n27.0\n1,349.8\n0.0\n15.5\n4.6\n17.6\n15.4\n85.2\n2,511.0\n68.5\n350.5\n285.6\n466.2\n6,752.2\nDec\n14.07\n \n98.95\n1,306.91\n134.35\n156.7\n27.0\n1,416.0\n0.0\n15.3\n4.9\n17.8\n13.2\n70.4\n2,380.1\n273.8\n376.7\n274.2\n473.4\n7,053.8\n2017\nJan\n17.72\n \n103.75\n1,322.38\n81.89\n128.2\n27.0\n1,485.0\n0.0\n15.4\n3.6\n15.9\n15.1\n68.6\n2,467.7\n53.9\n395.7\n251.9\n479.3\n6,933.1\nFeb\n16.29\n \n89.44\n1,396.07\n96.11\n137.3\n48.6\n1,502.5\n0.0\n15.5\n3.2\n15.0\n14.9\n68.2\n2,238.9\n239.7\n398.5\n266.0\n480.1\n7,026.4\nMar\n10.74\n \n63.27\n1,421.43\n83.18\n150.7\n53.5\n1,578.7\n0.0\n15.7\n3.8\n15.7\n15.7\n69.9\n2,554.3\n23.7\n422.4\n314.5\n484.0\n7,281.0\nApr\n9.82\n \n64.14\n1,383.44\n75.92\n209.0\n51.4\n1,744.4\n0.0\n15.8\n3.6\n15.8\n16.9\n74.0\n2,493.3\n26.4\n489.1\n263.7\n492.6\n7,429.3\nMay\n12.36\n \n52.63\n1,376.30\n119.89\n159.1\n75.3\n1,739.8\n0.0\n15.7\n33.6\n16.7\n16.3\n72.4\n2,528.3\n28.4\n486.1\n290.7\n492.0\n7,515.6\nJun\n7.01\n \n53.33\n1,578.51\n141.42\n82.2\n110.6\n1,786.8\n0.0\n16.0\n35.0\n47.9\n16.5\n82.2\n2,583.5\n23.9\n533.5\n273.6\n497.3\n7,869.2\nSource:Reserve Bank of Zimbabwe,2017\nNotes\n1.Government securities includes treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\nTABLE 5.1: - COMMERCIAL BANKS -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n18 \n \n \n \n \n \n \n \n \n \nUS$ millions\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nDebt Securities\nForeign Liabilities\nRBZ\nOther Depository Other Finacial \nCapital\nContigent\nOther\nfrom the public\nCorporations\n Corporations\n Corporations\nand\nLiablities\nLiablities\nTotal\nReserves\n2016\n Jan\n2,428.8\n278.8\n967.1\n3674.77\n340.4\n24.7\n4,039.9\n33.6\n313.2\n0.0\n50.3\n85.3\n871.3\n582.8\n308.0\n6284.43\n Feb\n2,407.9\n290.0\n984.9\n3682.68\n337.3\n18.8\n4,038.7\n38.4\n298.9\n0.0\n91.0\n35.0\n878.1\n477.1\n301.0\n6158.19\n Mar\n2,508.0\n288.3\n1,026.9\n3823.12\n345.4\n15.4\n4,183.9\n43.2\n303.1\n0.0\n100.2\n36.1\n886.6\n471.0\n287.1\n6311.15\n Apr\n2,571.6\n297.5\n1,014.8\n3883.80\n306.8\n16.9\n4,207.6\n67.7\n285.7\n0.0\n119.4\n36.1\n893.9\n413.7\n294.4\n6318.60\n May\n2,639.9\n280.6\n1,042.8\n3963.37\n275.1\n17.9\n4,256.4\n57.9\n300.0\n0.0\n66.3\n36.1\n908.9\n397.0\n290.1\n6312.76\n June\n2,734.1\n268.2\n1,019.8\n4022.09\n331.6\n24.0\n4,377.6\n67.9\n272.3\n0.0\n77.8\n44.3\n915.7\n407.7\n276.0\n6439.33\n July\n2,676.5\n334.1\n987.4\n3997.93\n361.0\n33.8\n4,392.8\n58.2\n261.0\n0.0\n56.9\n45.8\n922.1\n393.1\n269.8\n6399.63\n Aug\n2,836.2\n285.6\n1,009.5\n4131.35\n341.3\n29.3\n4,501.9\n67.0\n257.0\n0.0\n51.1\n40.9\n932.3\n390.2\n309.8\n6550.23\n Sep\n2,915.9\n334.9\n987.8\n4238.62\n393.9\n25.8\n4,658.3\n62.9\n246.3\n0.0\n69.3\n35.9\n944.5\n382.3\n303.2\n6702.64\n Oct\n3,056.4\n267.0\n940.9\n4264.34\n344.5\n25.0\n4,633.9\n60.0\n267.7\n0.0\n74.5\n27.9\n954.5\n397.2\n283.0\n6698.61\n Nov\n3,186.7\n254.5\n896.9\n4338.05\n382.5\n28.0\n4,748.6\n29.3\n260.0\n0.0\n51.4\n28.2\n966.9\n350.5\n317.3\n6752.22\n Dec\n3,271.3\n285.7\n896.0\n4452.99\n418.3\n19.6\n4,890.9\n47.1\n250.7\n1.8\n111.6\n48.2\n1,032.7\n376.7\n294.0\n7053.81\n2017\n Jan\n3,205.0\n317.1\n981.8\n4503.86\n348.3\n30.4\n4,882.6\n36.9\n242.1\n0.0\n38.0\n40.4\n1,005.1\n395.7\n292.2\n6933.07\n Feb\n3,267.0\n318.3\n977.1\n4562.41\n349.8\n32.6\n4,944.9\n47.5\n243.9\n0.0\n63.7\n42.9\n1,007.7\n398.5\n277.4\n7026.43\n Mar\n3,370.3\n313.3\n965.3\n4648.90\n390.8\n64.2\n5,103.9\n50.6\n225.6\n1.8\n66.3\n41.5\n1,061.6\n422.4\n307.3\n7281.03\n Apr\n3,496.9\n328.5\n960.8\n4786.12\n380.3\n54.3\n5,220.7\n52.8\n228.3\n0.0\n63.3\n41.7\n1,034.4\n489.1\n299.0\n7429.28\n May\n3,534.8\n331.2\n979.7\n4845.74\n384.0\n53.4\n5,283.1\n50.8\n220.4\n0.0\n29.0\n41.9\n1,092.7\n486.1\n311.6\n7515.61\n Jun\n3,792.5\n332.7\n949.8\n5075.08\n423.9\n51.7\n5,550.7\n54.9\n237.5\n0.0\n43.7\n45.8\n1,095.2\n533.5\n308.0\n7869.22\nSource:Reserve Bank of Zimbabwe,2017\nTABLE 5.2 : COMMERCIAL BANKS - LIABILITIES\nDeposits\nAmounts Owing to\n \n \n \n19 \n \n \n \n \n \n \n \n20 \n \n \n \n \n \n \n \n \nDebt Securities Foreign Liabilities\nCapital\nOther\nTotal\nand\nLiablities \nEnd of\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment\nTotal \nRBZ\nOther Depository Other Finacial Reserves\nfrom the public\nCorporations \n Corporations Corporations\n2016 \n Jan \n297.8 \n534.3\n832.14 \n47.2 \n0.1 \n879.4 \n22.6 \n43.3 \n0.0 \n74.7 \n0.0\n292.9\n32.3\n1345.27\n Feb \n305.9 \n533.4\n839.34 \n37.2 \n0.1 \n876.6 \n23.2 \n42.3 \n0.0 \n80.7 \n0.9\n296.3\n31.5\n1351.56\n Mar \n314.1 \n531.2\n845.28 \n25.1 \n0.0 \n870.4 \n23.6 \n37.0 \n0.0 \n80.9 \n0.8\n284.3\n46.0\n1343.06\n Apr \n317.6 \n520.8\n838.41 \n25.1 \n0.0 \n863.5 \n23.7 \n36.9 \n0.0 \n74.6 \n0.5\n278.8\n33.9\n1311.79\n May \n330.8 \n480.5\n811.31 \n34.1 \n0.0 \n845.5 \n25.0 \n36.2 \n0.0 \n77.2 \n0.5\n315.5\n45.5\n1345.27\n June \n313.1 \n511.6\n824.71 \n69.2 \n0.0 \n893.9 \n24.4 \n35.4 \n0.0 \n81.5 \n3.1\n313.1\n46.3\n1397.68\n July \n313.4 \n490.8\n804.18 \n74.0 \n15.5 \n893.7 \n24.8 \n35.7 \n0.0 \n72.7 \n0.4\n318.2\n33.4\n1378.87\n Aug \n278.7 \n503.6\n782.31 \n71.0 \n16.1 \n869.4 \n25.1 \n33.6 \n0.0 \n76.5 \n0.4\n321.5\n33.3\n1359.67\n Sep \n270.8 \n507.3\n778.11 \n85.7 \n16.4 \n880.2 \n22.5 \n30.5 \n0.0 \n82.4 \n0.3\n314.1\n35.5\n1365.62\n Oct \n267.3 \n525.9\n793.19 \n89.2 \n16.4 \n898.9 \n24.6 \n29.4 \n0.0 \n87.8 \n0.4\n319.7\n40.1\n1400.87\n Nov \n311.8 \n529.0\n840.82 \n89.4 \n16.5 \n946.7 \n25.8 \n29.6 \n0.0 \n90.8 \n0.6\n326.4\n56.8\n1476.66\n Dec \n339.5 \n532.9\n872.41 \n92.6 \n16.6 \n981.6 \n27.0 \n28.8 \n0.0 \n79.9 \n0.5\n330.3\n56.9\n1505.10\n2017 \n Jan \n326.2 \n522.1\n848.23 \n81.5 \n16.6 \n946.4 \n25.0 \n29.1 \n0.0 \n66.5 \n0.7\n332.1\n51.7\n1451.40\n Feb \n326.1 \n534.4\n860.48 \n76.2 \n16.6 \n953.3 \n23.1 \n27.0 \n0.0 \n62.4 \n0.5\n334.5\n59.7\n1460.43\n Mar \n319.7 \n523.2\n842.91 \n70.2 \n16.7 \n929.9 \n20.9 \n24.0 \n0.0 \n68.5 \n0.3\n340.7\n64.3\n1448.62\n Apr \n399.6 \n527.1\n926.64 \n70.6 \n16.0 \n1,013.2 \n21.8 \n22.8 \n0.0 \n54.0 \n0.2\n322.5\n62.3\n1496.83\n May \n378.0 \n536.0\n914.03 \n70.7 \n16.1 \n1,000.8 \n21.8 \n23.0 \n0.0 \n66.2 \n0.4\n325.8\n77.4\n1515.45\n Jun \n401.8 \n544.4\n946.24 \n70.7 \n16.5 \n1,033.4 \n22.0 \n22.0 \n0.0 \n65.2 \n0.8\n330.0\n75.4\n1548.79\nSource: Reserve Bank of Zimbabwe,2017 \n \nAmounts Owing to\nTABLE 6.2: BUILDING SOCIETIES -LIABILITIES\nUS$ millions \n \n \n \n21 \n \n \n \n \n22 \n \nEND OF\nAGRICULTURE CONSTRUCTION COMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2016\nJan\n231,827.3\n101,724.1\n93,544.2\n517,089.2\n325,203.1\n977,272.1\n345,812.2\n62,026.3\n1,083,702.7\n61,755.6\n618,080.1\n58,808.7\n4,476,845.6\nFeb\n226,568.3\n105,747.9\n97,684.4\n525,070.9\n339,839.0\n896,869.2\n326,026.0\n59,381.3\n1,047,904.6\n63,248.3\n634,478.3\n63,017.8\n4,385,835.9\nMar\n243,546.9\n102,238.4\n116,471.1\n582,943.5\n362,058.8\n879,340.8\n368,689.6\n60,514.0\n1,073,567.6\n62,839.4\n642,779.4\n61,037.6\n4,556,027.1\nApr\n243,151.6\n102,234.0\n112,219.5\n569,660.7\n360,299.5\n907,855.6\n335,068.6\n71,721.0\n1,156,122.6\n63,858.0\n628,901.1\n61,087.0\n4,612,179.4\nMay\n236,180.5\n97,008.6\n120,726.3\n593,284.9\n371,034.5\n923,580.9\n356,500.9\n99,176.4\n1,107,956.8\n61,396.5\n607,501.4\n64,066.3\n4,638,413.9\nJun\n218,386.8\n103,914.2\n134,181.8\n596,904.8\n362,400.2\n973,333.3\n316,490.8\n58,856.9\n1,128,688.7\n72,063.3\n601,813.8\n61,833.2\n4,628,867.8\nJul\n207,280.2\n99,727.9\n138,781.2\n616,359.8\n348,779.7\n1,035,697.0\n370,456.9\n63,986.1\n1,114,413.7\n65,391.9\n622,329.2\n69,058.9\n4,752,262.6\nAug\n233,004.5\n97,248.8\n153,590.8\n578,487.3\n365,366.8\n997,123.0\n356,522.0\n64,413.7\n1,227,979.0\n67,005.8\n621,307.8\n73,076.2\n4,835,125.8\nSep\n236,724.3\n101,117.1\n155,483.5\n597,290.0\n346,375.9\n1,046,195.2\n366,312.8\n57,885.0\n1,365,673.5\n73,805.9\n595,219.8\n70,669.7\n5,012,752.7\nOct\n239,373.9\n107,235.7\n160,641.2\n593,362.2\n344,681.9\n988,274.7\n363,815.8\n63,998.0\n1,384,083.2\n76,834.0\n593,827.7\n73,608.8\n4,989,737.2\nNov\n318,652.7\n107,089.5\n189,581.3\n501,506.5\n329,147.3\n992,135.7\n411,467.8\n150,691.6\n1,337,295.6\n79,405.2\n591,639.0\n71,016.3\n5,079,628.5\nDec\n258,814.9\n110,009.2\n202,260.4\n590,595.6\n348,457.0\n1,020,795.0\n382,615.8\n81,542.7\n1,466,867.2\n82,186.5\n592,932.5\n76,874.9\n5,213,951.8\n2017\nJan\n236,437.3\n108,552.5\n230,965.4\n618,213.5\n339,580.3\n1,002,775.4\n382,746.3\n86,115.0\n1,393,941.2\n82,670.8\n589,549.9\n85,602.3\n5,157,150.0\nFeb\n254,463.9\n112,294.4\n226,877.9\n613,080.1\n312,948.5\n997,181.2\n393,542.8\n121,798.7\n1,402,647.6\n91,521.7\n604,325.0\n84,653.3\n5,215,335.3\nMar\n299,519.0\n118,530.1\n232,990.6\n626,986.6\n308,297.9\n1,049,255.7\n402,864.2\n170,835.1\n1,400,323.5\n102,287.7\n610,024.4\n91,046.0\n5,412,960.9\nApr\n281,219.8\n117,174.3\n235,093.5\n687,962.2\n307,711.4\n1,013,362.6\n400,018.9\n190,005.8\n1,432,953.1\n110,258.7\n650,595.9\n102,681.0\n5,529,037.2\nMay\n301,531.2\n113,685.5\n220,541.8\n679,781.4\n320,878.2\n1,019,941.1\n417,418.5\n175,383.4\n1,454,718.3\n108,366.5\n667,019.7\n71,770.2\n5,551,035.8\nJun\n295,920.4\n109,938.0\n248,436.3\n712,648.0\n334,368.7\n1,121,023.5\n408,604.0\n185,262.3\n1,521,876.3\n107,327.1\n697,997.7\n74,195.4\n5,817,597.8\nSource: Reserve Bank of Zimbabwe,2017\n TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ thousands\n \n \n23 \n \n \n \n \nEnd Period\nNominal Lending Rates 1\nIndividuals \nCorporate\n2016 \nJan\n6.00-22.00\n12.08\n7.38\nFeb\n4.00-22.00\n11.48\n7.29\nMar\n4.00-22.00\n11.44\n7.16\nApr\n4.00-22.00\n11.50\n7.20\nMay\n4.00-18.00\n11.43\n7.35\nJun\n4.00-18.00\n11.40\n7.48\nJul\n4.00-18.00\n10.69\n6.79\nAug\n4.00-18.00\n10.67\n6.84\nSep\n4.00-18.00\n10.66\n6.95\nOct\n4.00-18.00\n10.70\n6.93\nNov\n4.00-18.00\n10.69\n6.99\nDec\n4.00-18.00\n10.59\n6.87\n2017 \nJan\n4.00-18.00\n10.61\n6.68\nFeb\n4.00-18.00\n10.06\n6.52\nMar\n4.00-18.00\n9.12\n7.02\nApr\n4.00-18.00\n9.25\n7.02\nMay\n4.00-18.00\n9.17\n7.03\nJun\n4.00-18.00\n9.01\n7.05\nSource:Reserve Bank of Zimbabwe, 2017\nNotes\nTABLE 8.1: LENDING RATES (percent per annum)\n1. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates\n \n \n \n24 \n \n \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2016 \nJan\n0.50-8.00\n0.75-17.00\nFeb\n0.50-8.00\n0.75-17.00\nMar\n0.50-8.00\n0.75-17.00\nApr\n0.50-8.00\n0.75-17.00\nMay\n0.50-8.00\n0.75-17.00\nJun\n0.50-6.00\n0.75-17.00\nJul\n0.50-6.00\n0.75-17.00\nAug\n0.50-6.00\n1.00-17.00\nSep\n0.50-6.00\n1.00-17.00\nOct\n0.50-6.00\n1.00-17.00\nNov\n0.50-6.00\n1.00-17.00\nDec\n0.50-6.00\n1.00-17.00\n2017 \nJan\n0.50-6.00\n1.00-17.00\nFeb\n0.50-6.00\n1.00-17.00\nMar\n0.50-6.00\n1.00-17.00\nApr\n0.50-6.00\n1.00-17.00\nMay\n0.50-6.00\n1.00-9.50**\nJun\n0.50-6.00\n1.00-12.00\n Source:Reserve Bank of Zimbabwe, 2017\n* The range of rates qouted by banks during the period.\n **Banks have adjusted their costs of holding deposits following the call by the RBZ to reduce lending rates. \nTABLE 8.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \n 25 \n \n \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION \n&\nEDUCATION\nRESTAURANTS \n&\nMISC.\nTOTAL NON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2016 \nJan\n0.05\n-0.02\n-0.04\n-0.30\n-0.15\n-0.37\n0.00\n-0.18\n0.00\n-0.16\n-0.29\n-0.13\n0.13\n-0.05\nFeb\n-0.14\n0.00\n-0.12\n-0.19\n-0.17\n-0.37\n-0.13\n-0.01\n0.00\n-0.17\n0.06\n-0.14\n-0.03\n-0.10\nMar\n-0.15\n-0.17\n-1.03\n-0.73\n-0.13\n-0.30\n0.42\n-0.04\n3.36\n-0.62\n-0.60\n-0.11\n-0.13\n-0.12\nApr\n0.03\n-0.14\n-0.02\n-0.32\n0.00\n0.07\n-0.08\n-0.02\n-0.01\n-0.09\n-0.35\n-0.08\n-0.51\n-0.21\nMay\n-0.29\n-0.22\n0.12\n-0.11\n-0.18\n-0.11\n-1.61\n0.06\n0.00\n0.02\n-0.33\n-0.12\n-0.49\n-0.24\nJun\n0.07\n-0.21\n0.58\n0.03\n0.15\n-0.08\n-0.01\n-0.23\n2.65\n0.31\n0.09\n0.44\n-0.35\n0.19\nJul\n0.01\n-0.15\n0.04\n0.05\n-0.15\n-0.03\n-0.36\n0.09\n0.00\n0.04\n-0.30\n-0.03\n-0.52\n-0.19\nAug\n-0.06\n-0.22\n0.00\n-0.03\n-0.02\n-0.13\n-0.02\n-0.10\n0.00\n0.01\n0.13\n-0.04\n-0.31\n-0.13\nSep\n0.10\n-0.03\n-1.11\n-0.27\n-0.03\n-0.08\n-0.09\n-0.26\n0.00\n0.01\n0.10\n-0.34\n-0.06\n-0.26\nOct\n-0.05\n-0.24\n-0.13\n0.06\n-0.03\n-0.06\n0.00\n-0.01\n0.00\n-0.06\n0.17\n-0.05\n0.40\n0.09\nNov\n0.06\n-0.09\n0.00\n0.10\n-0.07\n0.33\n0.00\n0.18\n-2.46\n-0.01\n0.14\n-0.22\n0.54\n0.02\nDec\n-0.06\n0.09\n-0.59\n0.46\n0.09\n-0.27\n0.00\n0.29\n0.00\n0.16\n0.34\n-0.09\n0.38\n0.06\n2017 \nJan\n0.00\n-0.15\n0.10\n0.34\n-0.15\n-0.75\n0.44\n0.27\n0.00\n0.29\n0.08\n-0.03\n0.80\n0.23\nFeb\n-0.09\n-0.14\n0.13\n0.70\n-0.03\n0.11\n0.00\n-0.04\n0.00\n0.18\n0.52\n0.17\n1.56\n0.61\nMar\n0.15\n0.03\n-0.07\n0.64\n0.11\n0.21\n-0.02\n0.18\n0.00\n0.01\n0.36\n0.15\n-0.21\n0.03\nApr\n-0.11\n0.02\n0.04\n0.06\n-0.04\n0.00\n0.05\n0.02\n2.02\n0.34\n-0.07\n0.25\n-0.36\n0.05\nMay\n0.13\n0.09\n-0.01\n0.02\n0.13\n0.04\n0.00\n-0.21\n0.00\n-0.39\n-0.09\n0.01\n0.07\n0.03\nJun\n0.21\n0.03\n-0.82\n0.38\n-0.03\n-0.18\n0.00\n0.18\n0.00\n0.29\n0.33\n-0.14\n-0.45\n-0.24\nSource:Zimstat, 2017\nNON-FOOD INFLATION\nTABLE 9.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \n \n26 \n \nF OOD \nIN F LA TION\nA LC OHOLIC \nC LOTHIN G\nHOUS IN G, \nWA TER ,\nF UR N ITUR E\nM IS C .\nF OOD & \nB EVER A GES \n& \nELEC TR IC T\nY, GA S\nA N D\nR EC R EA TION \n&\nR ES TA UR A N TS \n&\nGOOD S &\nTOTA L N ON\nN ON \nA LC OHOLIC \nA LL\n& TOB A C C O\nF OOTWEA R\n& OTHER\nEQUIP M EN T\nC ULTUR E\nHOTELS\nS ER VIC ES\nF OOD\nB EVER A GES\nITEM S\nF UELS\n2016\nJan\n-0.79\n-2.41\n-4.40\n-3.27\n0.37\n-2.66\n-0.93\n-1.09\n11.17\n0.75\n-1.01\n-1.34\n-3.96\n-2.19\nFeb\n-1.16\n-2.06\n-4.43\n-3.35\n0.22\n-2.62\n-0.97\n0.21\n11.17\n0.96\n-1.17\n-1.35\n-4.04\n-2.22\nMar\n-1.43\n-1.97\n-5.36\n-4.04\n0.14\n-2.92\n-0.55\n-1.00\n14.91\n0.21\n-1.86\n-1.43\n-4.13\n-2.31\nApr\n-1.40\n-1.40\n-2.11\n-3.91\n0.19\n-2.71\n-0.50\n-0.95\n14.21\n-0.28\n-2.17\n-0.51\n-4.02\n-1.64\nMay\n-1.52\n-1.21\n-2.17\n-3.77\n-0.10\n-2.57\n-2.09\n-0.78\n14.21\n-0.18\n-2.07\n-0.53\n-4.13\n-1.69\nJun\n-1.80\n-1.36\n-1.58\n-3.67\n0.21\n-2.71\n-2.10\n-0.92\n17.24\n0.20\n-2.09\n-0.09\n-4.04\n-1.37\nJul\n-1.71\n-1.56\n-0.98\n-2.83\n-0.09\n-2.66\n-2.43\n-0.69\n9.09\n0.27\n-2.42\n-0.59\n-3.76\n-1.60\nAug\n-1.50\n-1.77\n-1.01\n-2.73\n-0.07\n-2.50\n-2.39\n-0.54\n9.09\n0.42\n-2.21\n-0.54\n-3.34\n-1.43\nSep\n-1.36\n-1.79\n-1.50\n-2.48\n-0.14\n-2.17\n-2.10\n-0.78\n9.09\n-0.84\n-1.82\n-0.58\n-2.94\n-1.33\nOct\n-0.97\n-1.73\n-1.54\n-2.10\n-0.76\n-1.77\n-2.13\n-0.65\n9.09\n-0.72\n-1.77\n-0.45\n-2.03\n-0.95\nNov\n-0.77\n-1.63\n-1.53\n-1.77\n-0.83\n-1.37\n-1.91\n-0.45\n3.48\n-0.70\n-1.62\n-0.89\n-1.54\n-1.09\nDec\n-0.42\n-1.39\n-2.29\n-1.25\n-0.67\n-1.39\n-1.87\n-0.24\n3.49\n-0.47\n-0.99\n-0.92\n-0.95\n-0.93\n2017\nJan\n-0.47\n-1.52\n-2.16\n-0.62\n-0.68\n-1.76\n-1.44\n0.20\n3.49\n-0.02\n-0.62\n-0.82\n-0.30\n-0.65\nFeb\n-0.42\n-1.66\n-1.91\n0.26\n-0.53\n-1.29\n-1.31\n0.18\n3.49\n0.24\n-0.05\n-0.51\n1.29\n0.06\nMar\n-0.13\n-1.45\n-0.95\n1.64\n-0.30\n-0.79\n-1.74\n0.40\n0.12\n0.87\n0.92\n-0.25\n1.21\n0.21\nApr\n-0.26\n-1.29\n-0.89\n2.03\n-0.33\n-0.86\n-1.61\n0.44\n2.16\n1.30\n1.21\n0.08\n1.35\n0.48\nMay\n0.15\n-0.98\n-1.01\n2.16\n-0.01\n-0.71\n0.00\n0.17\n2.16\n0.88\n1.46\n0.21\n1.92\n0.75\nJun\n0.29\n-0.74\n-2.39\n2.52\n-0.19\n-0.81\n0.00\n0.59\n-0.48\n0.86\n1.70\n-0.37\n1.82\n0.31\nSource: Zimstat, 2017\nC OM M UN IC A TION\nTR A N S P OR T\nHEA LTH\nED UC A TION\nN ON -F OOD IN F LA TION\nTABLE 9.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \n(DECEMBER 2012 = 100)\n \n \n \n27 \n \n \n \n \n(US$ millions)\nEnd Period\n2000\n2001\n2002\n2003\n2004\n2005\n2006\n2007\n2008\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n2016\nLong-Term External Debt\n3,227\n3,255\n3,327\n3,644\n3,927\n3,805\n3,965\n4,032\n4,464\n4,951\n5,175\n6,096\n6,607\n7,370\n8,444\n8,426\n8,656\nGovernment\n2,249\n2,328\n2,376\n2,617\n2,844\n2,895\n3,024\n3,054\n3,464\n4,037\n4,095\n4,638\n4,929\n5,012\n4,522\n5,293\n5,365\nBilateral Creditors\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\n3,310\n3,479\nMultilateral Creditors\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\n1,982\n1,886\nPrivate Creditors\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n534\n568\n616\n698\n714\n709\n766\n790\n825\n857\n938\n1,092\n1,198\n1,356\n1,661\n1,220\n1,370\nBilateral Creditors\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\n760\n779\nMultilateral Creditors\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\n460\n591\nPrivate Creditors\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\n0\nMultilateral Creditors - IMF\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\n0\nPrivate\n152\n67\n56\n41\n78\n57\n45\n51\n35\n57\n142\n366\n480\n1,002\n2,261\n1,913\n1,920\nShort-Term External Debt\n298\n167\n183\n169\n144\n173\n281\n387\n226\n1,198\n1,382\n1,289\n890\n1,564\n2,394\n2,258\n2,304\nSupplier's Credits\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\n587\n573\nPrivate\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\n1,671\n1,731\nTotal External Debt\n3,525\n3,422\n3,510\n3,812\n4,071\n3,978\n4,246\n4,419\n4,690\n6,149\n6,557\n7,385\n7,497\n8,934\n10,838\n10,684\n10,960\nSource: Ministry of Finance & Economic Development, 2017; & Reserve Bank of Zimbabwe, 2017\nTABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \n28 \n \n \n \n \n \n \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2016\nJan\n16.0900\n11.4300\n120.5500\n1.0905\n1.4493\nfeb\n16.1100\n11.2700\n113.0300\n1.0990\n1.3880\nMar\n15.4500\n11.1000\n112.9500\n1.1100\n1.4200\nApr\n14.6200\n10.7575\n109.6825\n1.1340\n1.4306\nMay\n15.3200\n10.9800\n108.9323\n1.1340\n1.4522\nJun\n14.8834\n10.9349\n102.6700\n1.1095\n1.3397\nJul\n14.4277\n10.7892\n103.9398\n1.1069\n1.3180\nAug\n13.7656\n9.4521\n101.2190\n1.0960\n1.2280\nSep\n13.9200\n10.5800\n101.6000\n1.1200\n1.3200\nOct\n13.9400\n10.6500\n103.7600\n1.0989\n1.2346\nNov\n13.9402\n10.6875\n107.9934\n1.0811\n1.2430\nDec\n13.8416\n10.7247\n115.7895\n1.0556\n1.2509\n2017\nJan\n13.5146\n10.5652\n113.4750\n1.0701\n1.2516\nFeb\n12.9957\n10.3573\n112.5100\n1.0591\n1.2439\nMar\n13.5450\n10.5541\n111.8750\n1.0678\n1.2487\nApr\n13.3461\n10.4384\n111.1600\n1.0862\n1.2908\nMay\n13.1162\n10.2987\n110.9650\n1.1168\n1.2801\nJun\n13.0150\n10.2249\n111.9450\n1.1439\n1.3013\nSource: Reserve Bank of Zimbabwe, 2017\n TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES\n1. Foreign currency per US dollar.\n2. US dollars per unit of foreign currency.\n \n \n \n29 \n \n \n \n \n \n \n \n \n \n \n \n \n \nMarket Capitalisation\nUS$ millions\n2016\nJan\n103.0\n19.5\n10.4\n61,882,757\n2,790.4\nFeb\n99.4\n19.1\n15.6\n95,020,938\n2,692.3\nMar\n97.6\n19.4\n16.4\n97,601,725\n2,645.1\nApr\n105.8\n20.2\n14.0\n187,848,946\n2,862.6\nMay\n104.7\n25.5\n13.9\n99,055,230\n2,881.3\nJun\n101.0\n24.7\n18.1\n88,525,472\n2,780.9\nJul\n98.8\n25.7\n11.8\n57,222,624\n2,772.0\nAug\n99.5\n26.3\n7.1\n41,264,438\n2,734.3\nSep\n98.9\n26.6\n13.0\n68,329,516\n2,725.1\nOct\n120.8\n33.8\n22.6\n177,384,684\n3,328.3\nNov\n137.1\n57.4\n23.5\n233,749,377\n3,804.6\nDec\n144.5\n58.5\n26.0\n292,538,969\n4,008.0\n2017\nJan\n140.2\n56.3\n8.6\n31,616,982\n3,903.7\nFeb\n135.3\n56.5\n11.5\n85,314,995\n3,770.0\nMar\n139.0\n58.6\n26.9\n145,238,255\n3,871.3\nApr\n143.0\n66.3\n11.2\n75,857,712\n4,182.8\nMay\n162.3\n69.6\n16.8\n170,830,515\n4,740.1\nJun\n196.0\n69.8\n39.7\n311,145,262\n5,695.2\nSource:Zimbabwe Stock Exchange (ZSE),2017\nTABLE 12: ZIMBABWE STOCK MARKET STATISTICS\nIndustrial\n Market Turnover \nUS$ million \nVolume of Shares\nMining\nIndices\n \n \n \n30 \n \n \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE INTERNET\n2016\nJan\n 3,385.9 \n11.1\n137.4\n331.5\n388.9\n167.7\nFeb\n 3,448.2 \n11.9\n138.8\n312.1\n389.3\n167.9\nMar\n 3,460.2 \n11.3\n142.1\n288.8\n417.1\n255.9\nApr\n 3,564.3 \n9.7\n180.1\n247.6\n427.3\n168.3\nMay\n 3,869.2 \n10.8\n214.8\n203.3\n479.9\n217.9\nJun\n 4,522.2 \n10.3\n203.9\n131.4\n465.1\n174.1\nJul\n 3,911.8 \n9.2\n240.0\n166.3\n491.2\n218.0\nAug\n 3,928.7 \n7.9\n238.0\n165.9\n535.4\n230.6\nSep\n 4,382.9 \n10.5\n237.3\n167.7\n533.9\n215.9\nOct\n 4,127.6 \n8.0\n322.8\n112.5\n524.5\n216.0\nNov\n 4,624.7 \n6.9\n363.4\n84.5\n537.2\n229.9\nDec\n 4,882.6 \n5.6\n479.9\n71.9\n626.1\n265.1\n2017\nJan\n 4,052.7 \n7.5\n368.7\n70.4\n495.6\n318.9\nFeb\n 4,246.6 \n7.0\n327.3\n58.4\n472.3\n324.1\nMar\n 4,629.8 \n7.4\n392.2\n58.8\n671.6\n399.7\nApr\n 4,178.8 \n4.8\n466.9\n39.3\n792.5\n337.6\nMay\n 4,974.0 \n6.5\n557.8\n44.7\n939.9\n618.7\nJun\n 5,346.4 \n6.3\n558.8\n34.6\n1095.5\n500.3\nSource:Reserve Bank of Zimbabwe, 2017\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS \n Values of Transactions (US$ millions)\n \n \n \n31 \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2016\nJan\n132.3\n24.6\n1328.9\n1104.4\n 19,956.1 \n49.9\nFeb\n148.4\n30.3\n1289.5\n1067.1\n 19,793.7 \n54.6\nMar\n152.5\n29.6\n1455.7\n962.9\n 21,731.5 \n61.9\nApr\n161.7\n25.0\n1962.6\n841.3\n 21,086.6 \n59.9\nMay\n199.3\n29.1\n2779.9\n675.8\n 23,293.0 \n83.2\nJun\n268.2\n33.5\n3203.8\n741.9\n 23,321.2 \n88.0\nJul\n242.4\n31.1\n3946.3\n1052.8\n 24,538.8 \n102.7\nAug\n253.9\n27.8\n4038.1\n1156.4\n 26,009.6 \n109.5\nSep\n288.5\n32.5\n4421.9\n1188.5\n 27,300.0 \n100.0\nOct\n296.0\n29.2\n6247.4\n1106.4\n 29,801.7 \n117.9\nNov\n353.0\n30.6\n8691.2\n1086,9\n 28,542.1 \n128.8\nDec\n405.4\n24.4\n13042.1\n1348.0\n 33,211.8 \n155.9\nAnnual Total\n 2,901.5 \n347.7\n 52,407.5 11,245.7 298,586.2 \n1112.1\n2017\nJan\n 350.0 \n26.7\n 12,756.3 1,173.6 27,550.1 \n191.0\nFeb\n 326.3 \n27.8\n 8,952.0 953.5 26,820.1 \n207.0\nMay\n 414.2 \n31.0\n 11,124.0 922.2 35,604.1 \n244.1\nApr\n 363.7 \n21.6\n 13,595.5 652.9 40,089.0 \n231.0\nMay\n 531.8 \n27.8\n 16,623.4 820.6 47,019.1 \n323.3\nJun\n 525.0 \n29.3\n 17,466.2 696.9 53,738.1 \n342.1\nSource:Reserve Bank of Zimbabwe, 2017\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS \n Volumes of Transactions (000's)\n \n \n32 \n \n \n \n \n \nMonth\nExports\nImports\nTotal Trade\nTrade Balance\n2016\nJan\n249.18\n395.35\n644.52\n(146.17)\nFeb\n209.55\n427.73\n637.28\n(218.18)\nMar\n166.50\n478.06\n644.55\n(311.56)\nApr\n157.83\n356.48\n514.31\n(198.65)\nMay\n165.20\n408.49\n573.69\n(243.29)\nJun\n176.21\n429.41\n605.61\n(253.20)\nJul\n184.21\n394.23\n578.43\n(210.02)\nAug\n202.14\n445.03\n647.16\n(242.89)\nSep\n250.42\n443.89\n694.30\n(193.47)\nOct\n318.45\n468.06\n786.52\n(149.61)\nNov\n460.73\n475.33\n936.06\n(14.61)\nDec\n291.87\n489.37\n781.24\n(197.50)\nTotal\n2832.27\n5211.41\n8043.69\n(2379.14)\n2017\nJan\n257.80\n384.80\n642.60\n(127.00)\nFeb\n240.20\n424.40\n664.60\n(184.20)\nMar\n224.50\n461.60\n686.10\n(237.10)\nApr\n184.50\n405.20\n589.70\n(220.70)\nMay\n223.10\n466.00\n689.10\n(242.90)\nJun\n204.03\n495.19\n699.22\n(291.17)\nSource: Zimstat, 2017\nTABLE 14 : MERCHANDISE TRADE STATISTICS\n (US$ millions)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/June2017.pdf"}

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+{"doc_id": "12dde9de49e712fb145d37c36061b888", "text": "PUBLIC \n1 \nPUBLIC \n \n \nBANK OF GHANA \nMONETARY POLICY COMMITTEE \nPRESS RELEASE \nJuly 18, 2025 \n \nThe Monetary Policy Committee (MPC) of the Bank of Ghana held an emergency meeting on Thursday, \nJuly 17, 2025, to determine whether current conditions warranted any immediate action ahead of the \nscheduled 125th MPC meetings later this month. This is in line with our commitment to proactive and \nresponsive policy formulation. \n \nThe Committee observed that: \n \n1. The disinflation momentum has strengthened, with headline inflation falling steadily for six \nconsecutive months to 13.7 percent in June 2025, down from 23.8 percent in December 2024. Core \ninflation measures also show a re-anchoring of expectations. \n2. Real sector performance remains strong, with real GDP growth reaching 5.3 percent in the first \nquarter of 2025. Non-oil GDP growth was stronger at 6.8 percent, driven by robust activity in \nagriculture and services sectors. \n3. The external sector continues to strengthen, with a provisional trade surplus of US$5.6 billion and \na current account surplus of US$3.4 billion in the first half of 2025, compared with US$1.4 billion \nand US$283.1 million, respectively, in the first half of 2024. These gains have contributed to higher \nreserve accumulation. \n4. Gross international reserves improved to US$11.1 billion as at end-June 2025, equivalent to 4.8 \nmonths of import cover, from US$8.98 billion at end-2024. \n5. The cedi has appreciated significantly, gaining 42.6 percent, year-to-date, against the US dollar, \nsupported by strong foreign exchange inflows from gold and cocoa exports, remittances, improved \ninvestor sentiments, and prudent policy implementation. \n6. The global environment remains uncertain. Growth momentum is weakening, and is projected to \nslow to 2.8 percent in 2025, from 3.3 percent in 2024. Global financial conditions remain tight, \nand disinflation, though ongoing, is expected to proceed unevenly. \nOverall, the Committee noted significant improvements in the current macroeconomic conditions and the \npositive outlook. Inflation expectations are broadly anchored, external buffers have strengthened, and \nconfidence in the economy is returning. The Committee reaffirmed its commitment to support the recovery \nprocess without compromising the gains achieved so far. \nThe next regular MPC meeting will be held from Monday, July 28, 2025, and conclude on Wednesday, \nJuly 30, 2025, with announcement of the policy decision, as scheduled. \n \nEND.", "source": "BOG", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/Emergency-MPC-Press-Release-July-18-2025-.pdf"}

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+{"doc_id": "1406fed5e5bd37a3afcee28392e8372a", "text": "[Date] \n \n \n \n \nMAY 2016 \n \n \ni \n \nMONTHLY ECONOMIC REVIEW \nTABLE OF CONTENTS \nSELECTED ECONOMIC INDICATORS ________________________________________ 1 \nSTOCK MARKET DEVELOPMENTS __________________________________________ 2 \nMONETARY DEVELOPMENTS ______________________________________________ 3 \nINFLATION OUTTURN ______________________________________________________ 4 \nAnnual Inflation __________________________________________________________________ 4 \nMonthly Inflation _________________________________________________________________ 5 \nNATIONAL PAYMENTS SYSTEM ____________________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ______________________________ 5 \nCash Transactions _________________________________________________________________ 5 \nMobile and Internet Based Transactions ______________________________________________ 5 \nCard Based Transactions ___________________________________________________________ 6 \nCheque Transactions ______________________________________________________________ 6 \n \n \n \n \n \n \n1 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n2016 \nApril \n2016 \nMay \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n20.2 \n25.5 \n26.2% \nZ.S.E. Industrial Index1 \n105.8 \n104.7 \n-1.0% \nMoney Supply (US$ millions)2 \n5 004.9 \n5 050.9 \n0.9% \nMoney Supply (M3) Annual Growth2 (%) \n12.80 \n12.50 \n \nYearly Inflation3 (%) \n-1.64 \n-1.69 \n \nMonthly Inflation3 (%) \n-0.21 \n-0.24 \n \nNominal Lending Rate2 (% per annum) \n4.0-18.0 \n4.0-18.0 \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \nMONTHLY ECONOMIC REVIEW \n2 \n \nSTOCK MARKET DEVELOPMENTS \nMajor USA, Asian and European stock markets \ncontinued on a bullish trend in May 2016. The \nDow Jones and Shanghai indices, however, \ndeclined in the same month. African stock \nmarkets recorded mixed trading, with increases \nrecorded in Nigeria, 7.0%; Kenya, 1.5%; and \nTunisia, \n1.5%. \nDeclines \nwere, \nhowever, \nregistered in Morocco, -1.5%; South Africa, \n-4.0%; and Egypt, -0.6%. \nThe Zimbabwe Stock Exchange (ZSE) industrial \nindex decreased by 1.0%, to close the month \nunder review at 104.7 points, while the mining \nindex rose by 26% to 25.5 points. \n \n \n \n \nThe total volume of shares traded declined from \n187.8 million in April 2016, to 99.06 million in \nMay 2016. Similarly, market turnover declined \nfrom US$14.0 million in April 2016, to close at \nUS$13.9 million in May 2016. \n \nSource: Zimbabwe Stock Exchange, 2016 \nZSE market capitalisation increased by 0.7% to \nUS$2 881.3 million in May 2016, largely on \naccount of the increase in the mining index. \n \n0\n20\n40\n60\n80\n100\n120\n140\n160\n31-May-15\n30-Jun-15\n31-Jul-15\n31-Aug-15\n30-Sep-15\n31-Oct-15\n30-Nov-15\n31-Dec-15\n31-Jan-16\n29-Feb-16\n31-Mar-16\n30-Apr-16\n31-May-16\nFigure 1: ZSE Indices\nIndustrial\nMining\n0.00\n5.00\n10.00\n15.00\n20.00\n25.00\n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n300.00\nMay-15\nJun-15\nJul-15\nAug-15\nSep-15\nOct-15\nNov-15\nDec-15\nJan-16\nFeb-16\nMar-16\nApr-16\nMay-16\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nFigure 2: ZSE: Monthly Volumes \nFigure 2: ZSE: Monthly Volumes and Values Trad\nand Values Traded\nVolume\nTurnover\nSource: Zimbabwe Stock Exchange, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n3 \n \nMONETARY DEVELOPMENTS \nAnnual money supply growth was lower at \n12.5% in May 2016, compared to 12.8% in April \n2016. On a month-on-month basis, broad money \nsupply grew by 0.9%, from US$5 004.9 million \nin April 2016, to US$5 050.9 million in May \n2016. \n \nSource: Reserve Bank of Zimbabwe, 2016 \nThe growth in money supply reflected annual \nincreases of 30% and 10.2% in demand and \nsavings \ndeposits, \nrespectively. \nPartially \noffsetting the increases were declines in deposits \nof over 30 days tenor, 8.5%; and under 30-days \ntenor, 6.4%. \nThe proportions of deposit classes in broad \nmoney were as follows: demand, 53.7%; \nover 30-days, 16.9%; under 30-days, 15.7%; and \nsavings deposits, 13.8%. \n \n \n \n \n \nBanking sector credit recorded a lower annual \ngrowth of 16.4% in May 2016, from 23.8% in \nApril 2016. Month-on-month, domestic credit \ngrew by 0.1%, from US$5 623.6 million in April \n2016, to US$5 627.8 million in May 2016. \nOn an annual basis, credit to the private sector \ndeclined by 4.4% to US$3 595.9 million in May \n2016, from US$3 763.0 million in May 2015. \nSimilarly, monthly credit to the private sector \ndecreased by 1.1% in May 2016. \nIn terms of proportions, credit to the private \nsector consisted of loans and advances, 85.3%; \nmortgages, 11.3%; other investments, 2.9%; \nbankers acceptances, 0.3%; and bills discounted, \n0.2%. \n-2\n0\n2\n4\n6\n8\n10\n12\n14\n16\n18\n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\nAug-13\nNov-13\nFeb-14\nMay-14\nAug-14\nNov-14\nFeb-15\nMay-15\nAug-15\nNov-15\nFeb-16\nMay-16\n%\nUS$ BILLIONS\nFigure 3: Money Supply\nFigure 3: Money Supply\nM3\nM3 Annual Growth rate\nUnder 30 \nDays\n15.7%\nOver 30 \nDays\n16.9%\nDemand\n53.7%\nsavings\n13.8%Figure 4: Bankin\nFigure 4: Banking Sector DepositsMay 2016\nMay 2016\nSource: Reserve Bank of Zimbabwe, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n4 \n \n \nSource: Reserve Bank of Zimbabwe, 2016 \nDuring the period under review, outstanding \ncredit to the private sector was distributed as \nfollows: \nhouseholds \n(23.9%); \nagriculture \n(19.2%); \nmanufacturing \n(16.1%); \nservices \n(14.7%); distribution (13.1%); mining (5.3%); \nfinancial organisations and investments, (2.9%); \ntransport and communications (2.9%); and \nconstruction (1.5%). \nCredit to the private sector was channeled \ntowards working capital, 35.5%; inventory \nbuild-up, 34.0%; consumer durables, 15.7%; \nfixed capital investment, 13.1%; and pre and post \nshipment financing, 1.7%. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nAnnual headline inflation decelerated to -1.69% \nin May 2016, from -1.64% in April 2016. This \nwas largely on account of a fall in food inflation. \n \nSource: ZIMSTAT, 2016 \nThe year-on-year food inflation shed 0.1 \npercentage points to -4.1% in May 2016, from \n-4.0% in April 2016. This followed declines in \nthe prices of meat; bread and cereals; milk, \ncheese and eggs; oils and fats; vegetables; and \nfish and sea food. \nAnnual non-food inflation for May 2016 \nremained unchanged at -1.43%, recorded in April \n2016. Declines in housing, water, electricity, gas \nand other fuels, furniture and household \nequipment, transport, clothing and footwear \nweighed down non-food inflation in May 2016. \nLoans & Advances\n85.3%\nBills \nDiscounted\n0.2%\nBankers \nacceptances\n0.3%\nOther \ninvestments\n2.9%\nMortgages\n11.3%Figure 5: Credit to Private Sector \nFigure 5: Credit to Private Sector April 2016\nApril 2016\n-5\n-4\n-3\n-2\n-1\n0\n1\n2\nFigure 6: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n \n \nMONTHLY ECONOMIC REVIEW \n5 \n \nIncreases in education, particularly preschools \nand primary education, however, partially offset \nthe declines. \n \nMonthly Inflation \n \n \nThe month-on-month inflation rate declined from \n-0.21% in April 2016 to -0.24% in May 2016, \nunderpinned by the decline in non-food inflation. \nMonthly non-food inflation decelerated to \n-0.12% in May 2016, on account of decreases in \ncommunication, \nalcoholic \nbeverages \nand \ntobacco; clothing and footwear; and furniture and \nhousehold equipment. \nMonthly food inflation gained marginally, from \n-0.51% in April 2016 to -0.49 in May 2016. This \nwas attributable to increases in the prices of \nvegetables, fish and sea food and oils and fats. \nNATIONAL PAYMENTS SYSTEM \n \nThe value of transactions processed through the \nNational Payment System registered a 6% \nincrease from US$6 135.00 million in April \n2016, to US$6 486.22 million in May 2016. \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nTransactions processed through the Real Time \nGross Settlement system increased by 8.6% to \nUS$3 869.19 million in May 2016, from \nUS$3 564.32 million in April 2016. Similarly, \nthe volume of transactions registered a 23% \nincrease from 161 725 in April 2016, to 199 256 \nin May 2016. \nSource: Reserve Bank of Zimbabwe, 2016 \n \nCash transactions \n \nThe value of cash transactions stood at \nUS$729.25 million in May 2016, up from \nUS$703.28 million in April 2016. \n \n \nMobile and Internet Based Transactions \n \nThe total value of mobile and internet based \ntransactions registered a 12% increase from \nUS$427.29 million in April 2016, to close at \nUS$479.93 million in May 2016. \n \n \n \n \n \n \n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nMay-13\nSep-13\nJan-14\nMay-14\nSep-14\nJan-15\nMay-15\nSep-15\nJan-16\nMay-16\n -\n 50\n 100\n 150\n 200\n 250\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 7: Z\nFigure 7: ZETSS Volumes and Values\nValues\nVolume\nValue\n \n \nMONTHLY ECONOMIC REVIEW \n6 \n \nCard Based Transactions \n \nCard based transactions were recorded at \nUS$418.0 million in May 2016, down from \nUS$427.7 million registered in April 2016. \n \nCheque Transactions \n \nCheque transactions closed the month under \nreview at US$10.83 million. This represented a \n12% increase from the US$9.65 million recorded \nin the previous month. \n \n \nRESERVE BANK OF ZIMBABWE \nJULY 2016\n \n \n7 \n \nMONTHLY ECONOMIC REVIEW \nStatistical Tables \n \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 9 \n \n1.2 Broad Money Survey \n \n \n \n \n \n10 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n11 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n12 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 13 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n14 \n \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n15 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n16 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n17 \n \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n18 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n19 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n20 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n21 \n \n7.2 Liabilities \n \n \n \n \n \n \n22 \n \n \nMONTHLY ECONOMIC REVIEW \n8 \n \n \n8. Merchant Banks \n \n8.1 Assets \n \n \n \n \n \n \n \n23 \n \n8.2 Liabilities \n \n \n \n \n \n \n24 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n25 \n \n9.2 Liabilities \n \n \n \n \n \n \n26 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n27 \n \n11. Savings with Financial Institutions \n \n \n \n \n28 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n29 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n30 \n \n13.2 Volumes of Transactions \n \n \n \n \n31 \n \n \n \n \n \n \n \n \n \n9 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \nMay\nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nFebruary\nMarch\nApril\nMay\nBond Coins\n2,316.7\n2,684.1\n2,719.3\n3,016.3\n3,425.5\n4,445.3\n5,789.3\n7,127.0\n7,355.5\n7,457.3\n7,612.1\n7,758.5\n8,005.8\nRBZ Demand Deposits\n340.2\n4,035.0\n3,889.6\n3,480.3\n3,478.9\n3,485.7\n2,470.9\n726.0\n1,832.8\n2,086.4\n1,423.3\n5,061.6\n3,602.5\nComm. Banks Dem. Deposits\n2,017,918.3\n2,112,470.2\n2,023,527.6\n2,168,409.0\n2,166,471.3\n2,149,026.8\n2,358,226.5\n2,362,538.7\n2,430,098.0\n2,409,398.2\n2,510,951.1\n2,575,573.8\n2,644,003.9\nMerchant Banks Dem. Deposits\n63,899.2\n62,949.9\n62,949.9\n62,949.9\n62,157.8\n61,925.6\n58,750.3\n58,524.4\n58,511.7\n58,304.5\n58,315.0\n58,346.2\n58,364.1\nM1\n2,084,474.4\n2,182,139.2\n2,093,086.3\n2,237,855.5\n2,235,533.5\n2,218,883.4\n2,425,237.0\n2,428,916.0\n2,497,798.0\n2,477,246.4\n2,578,301.4\n2,646,740.1\n2,713,976.2\nComm. Banks Savings Deposits\n275,167.8\n248,074.6\n239,113.1\n227,534.6\n230,176.6\n231,465.3\n259,856.4\n266,166.6\n280,598.5\n291,567.7\n290,006.1\n299,136.9\n282,597.7\nBuilding Soc. Savings Deposits\n280,947.9\n279,625.3\n275,914.5\n277,271.4\n230,176.6\n294,208.3\n308,439.9\n296,041.8\n297,854.8\n305,980.4\n311,092.0\n317,629.3\n332,211.2\nP O S B Savings Deposits\n71,195.6\n73,397.6\n68,785.7\n71,554.2\n77,161.5\n73,380.5\n76,307.7\n72,505.8\n73,735.7\n73,847.9\n74,405.9\n80,067.6\n79,203.4\nComm. Banks U-30 Day Deposits\n670,242.5\n707,686.1\n587,421.2\n505,981.9\n613,287.8\n565,136.6\n565,317.5\n650,234.3\n597,527.6\n588,796.4\n506,719.1\n574,185.2\n674,068.8\nMerchant Banks U-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. U- 30 Day Deposits\n175,953.7\n188,805.2\n171,250.8\n156,077.5\n190,548.2\n144,911.8\n127,578.2\n165,352.5\n131,683.2\n123,683.2\n108,106.2\n171,635.9\n118,100.1\nM2\n3,557,981.9\n3,679,728.0\n3,435,571.6\n3,476,275.0\n3,576,884.3\n3,527,985.9\n3,762,736.7\n3,879,217.1\n3,879,197.9\n3,861,122.0\n3,868,630.7\n4,089,395.1\n4,200,157.3\nComm. Banks O-30 Day Deposits\n536,216.7\n509,642.0\n651,895.8\n622,991.6\n611,608.0\n628,213.7\n503,244.7\n420,265.1\n424,676.9\n449,879.1\n573,809.8\n519,330.5\n438,306.5\nMerchant Banks O-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n364,490.5\n326,111.5\n351,579.9\n340,974.7\n303,177.5\n409,350.0\n444,267.1\n432,822.3\n413,975.8\n421,729.2\n438,461.8\n361,565.5\n374,720.6\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\nP O S B Time Deposits\n18,011.8\n17,261.6\n23,646.5\n21,540.3\n24,019.0\n24,010.2\n23,668.6\n21,851.3\n25,326.6\n24,881.2\n24,640.9\n23,321.3\n26,430.9\nM3\n4,487,967.5\n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,526,955.4\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\nSource:Reserve Bank of Zimbabwe, 2016\n US$ Thousands\nTABLE 1.1 : MONETARY AGGREGATES\n2015\n2016\n \n \nMONTHLY ECONOMIC REVIEW \n10 \n \n \nMAY\nJUNE\nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nNET FOREIGN ASSETS \n-681,066.5\n-775,512.6\n-723,772.8\n-727,785.7\n-715,689.4\n-822,417.2\n-771,548.0\n-667,684.9\n-688,591.4\n-780,139.7\n-728,823.7\n-803,152.0\n-897,595.5\n Assets\n811,200.4\n926,353.7\n843,689.2\n867,447.1\n889,018.6\n784,372.6\n667,350.7\n792,677.3\n758,634.6\n679,001.9\n687,149.8\n637,447.5\n623,538.1\n Reserve Bank (RBZ)\n303,218.6\n453,986.1\n395,771.0\n360,705.6\n360,255.9\n335,321.7\n300,180.5\n433,452.9\n424,269.1\n390,810.3\n334,552.7\n354,608.4\n407,381.8\n Deposit Money Banks (DMBs) \n418,721.9\n390,608.3\n361,517.6\n428,702.8\n448,219.8\n387,305.0\n310,522.6\n300,320.1\n302,773.5\n259,017.9\n318,832.0\n269,044.4\n200,060.3\n Other Banking Institutions (OBIs) \n89,260.0\n81,759.3\n86,400.6\n78,038.7\n80,542.9\n61,745.9\n56,647.6\n58,904.3\n31,592.0\n29,173.7\n33,765.2\n13,794.7\n16,096.0\n Liabilities \\2\n-1,492,266.9\n-1,701,866.3\n-1,567,462.0\n-1,595,232.7\n-1,604,707.9\n-1,606,789.8\n-1,438,898.6\n-1,460,362.2\n-1,447,226.0\n-1,459,141.6\n-1,415,973.5\n-1,440,599.5\n-1,521,133.6\n RBZ\n868,931.4\n1,093,306.3\n1,039,959.7\n1,056,817.9\n1,057,080.8\n1,069,972.4\n1,048,664.8\n1,096,800.8\n1,090,485.7\n1,117,823.6\n1,075,644.5\n1,117,787.5\n1,184,783.0\n DMBs\n574,792.7\n560,305.8\n478,956.0\n490,791.1\n504,085.0\n494,458.0\n347,787.2\n320,578.9\n313,434.2\n299,029.1\n303,288.3\n285,945.2\n300,200.0\n OBIs\n48,542.8\n48,254.1\n48,546.3\n47,623.8\n43,542.1\n42,359.5\n42,446.6\n42,982.5\n43,306.1\n42,288.9\n37,040.8\n36,866.8\n36,150.7\nNET DOMESTIC ASSETS \n5,169,034.0\n5,319,522.4\n5,197,733.1\n5,200,833.8\n5,301,713.1\n5,423,243.6\n5,516,731.6\n5,433,107.3\n5,443,035.2\n5,549,017.8\n5,645,633.4\n5,808,031.0\n5,948,477.4\nDOMESTIC CREDIT\n4,817,875.2\n4,869,072.4\n4,981,511.5\n5,029,107.1\n5,079,842.4\n5,196,662.7\n5,345,272.0\n5,535,396.4\n5,476,442.4\n5,489,962.3\n5,542,678.3\n5,623,621.7\n5,627,841.4\n Claims on Government (net) \n950,594.0\n1,074,237.6\n1,160,044.8\n1,192,006.7\n1,182,354.0\n1,253,218.7\n1,359,827.4\n1,564,354.7\n1,530,792.2\n1,671,934.4\n1,691,128.7\n1,804,057.3\n1,834,775.4\n RBZ\n97,847.8\n91,807.5\n243,082.9\n244,517.6\n254,297.8\n271,997.2\n314,096.4\n331,552.1\n355,230.5\n418,006.5\n446,003.9\n456,287.0\n468,433.1\n DMBs\n784,428.5\n904,112.3\n845,865.3\n860,228.9\n838,982.9\n890,154.0\n954,556.6\n1,119,720.1\n1,068,095.4\n1,153,295.1\n1,166,120.4\n1,226,195.8\n1,241,961.8\n OBIs\n68,317.8\n78,317.8\n71,096.6\n87,260.2\n89,073.3\n91,067.5\n91,174.4\n113,082.5\n107,466.4\n100,632.7\n79,004.4\n121,574.4\n124,380.4\n Claims on Public Enterprises \n104,306.3\n53,148.2\n48,641.8\n56,508.0\n54,523.7\n84,877.1\n83,806.0\n140,910.1\n145,507.6\n120,445.0\n179,370.7\n185,698.9\n197,207.6\n RBZ\n1,087.1\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n78,226.4\n91,056.2\n DMBs\n102,436.0\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n102,436.0\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n OBIs\n783.2\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n951.8\n904.0\n1,063.1\n Claims on Private Sector\n3,762,974.9\n3,741,686.6\n3,772,824.9\n3,780,592.5\n3,842,964.7\n3,858,567.0\n3,901,638.6\n3,830,131.6\n3,800,142.6\n3,697,582.8\n3,672,178.9\n3,633,865.5\n3,595,858.4\n RBZ\n31,155.6\n51,689.8\n66,722.4\n92,768.9\n67,359.3\n75,959.6\n77,442.5\n90,549.5\n93,049.5\n74,614.5\n56,342.7\n58,614.2\n58,864.7\n DMBs\n2,960,917.8\n2,900,630.1\n2,910,157.5\n2,875,477.3\n2,956,930.6\n2,950,844.9\n2,981,759.1\n2,874,287.6\n2,860,825.0\n2,773,512.1\n2,774,147.9\n2,736,322.0\n2,691,318.7\n OBIs\n770,901.6\n789,366.8\n795,945.0\n812,346.3\n818,674.8\n831,762.5\n842,437.0\n865,294.5\n846,268.2\n849,456.3\n841,688.3\n838,929.3\n845,675.0\nOTHER ITEMS (NET) \n351,158.7\n450,450.0\n216,221.6\n171,726.7\n221,870.7\n226,580.9\n171,459.6\n-102,289.2\n-33,407.2\n59,055.5\n102,955.1\n184,409.4\n320,636.1\nBROAD MONEY (M3) \n4,487,967.5\n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,586,023.7\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\nSource:Reserve Bank of Zimbabwe, 2016\n1. Building societies and P. O. S. B.\n2. Sign reversal.\n2015\n2016\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n11 \n \n \nMAY\nJUNE\nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nNET FOREIGN ASSETS \n-45,038.4\n-94,446.1\n51,739.9\n-4,012.9\n12,096.3\n-106,727.8\n50,869.2\n103,863.0\n-20,906.5\n-91,548.3\n51,316.0\n-74,328.3\n-94,443.6\n Assets\n55,707.0\n115,153.3\n-82,664.5\n23,757.8\n21,571.5\n-104,646.0\n-117,021.9\n125,326.6\n-34,042.7\n-79,632.7\n8,148.0\n-49,702.3\n-13,909.4\n Reserve Bank (RBZ)\n20,317.9\n150,767.5\n-58,215.1\n-35,065.4\n-449.7\n-24,934.2\n-35,141.2\n133,272.4\n-9,183.8\n-33,458.8\n-56,257.6\n20,055.8\n52,773.4\n Deposit Money Banks (DMBs)\n-5,646.2\n-28,113.6\n-29,090.7\n67,185.1\n19,517.0\n-60,914.8\n-76,782.4\n-10,202.5\n2,453.4\n-43,755.6\n59,814.1\n-49,787.5\n-68,984.1\n Other Banking Institutions (OBIs) \\1\n41,035.3\n-7,500.7\n4,641.3\n-8,361.9\n2,504.2\n-18,797.0\n-5,098.3\n2,256.7\n-27,312.3\n-2,418.3\n4,591.5\n-19,970.5\n2,301.3\n Liabilities \\2\n-100,745.5\n-209,599.4\n134,404.3\n-27,770.7\n-9,475.2\n-2,081.9\n167,891.2\n-21,463.6\n13,136.2\n-11,915.5\n43,168.1\n-24,626.0\n-80,534.1\n RBZ\n-25,276.1\n224,375.0\n-53,346.7\n16,858.2\n262.9\n12,891.6\n-21,307.6\n48,136.0\n-6,315.1\n27,337.9\n-42,179.1\n42,143.1\n66,995.5\n DMBs\n125,794.7\n-14,486.9\n-81,349.8\n11,835.0\n13,293.9\n-9,627.0\n-146,670.7\n-27,208.4\n-7,144.6\n-14,405.1\n4,259.2\n-17,343.1\n14,254.8\n OBIs\n226.9\n-288.7\n292.2\n-922.5\n-4,081.6\n-1,182.7\n87.1\n535.9\n323.5\n-1,017.2\n-5,248.1\n-174.0\n-716.1\nNET DOMESTIC ASSETS \\3\n94,161.3\n150,488.4\n-121,789.3\n3,100.7\n100,879.2\n121,530.5\n93,488.0\n-83,624.4\n9,928.0\n105,982.5\n96,615.7\n162,397.6\n140,446.4\nDOMESTIC CREDIT\n288,098.0\n51,197.2\n112,439.1\n47,595.6\n50,735.3\n116,820.4\n148,609.3\n190,124.4\n-58,954.0\n13,519.9\n52,716.0\n80,943.4\n4,219.7\n Claims on Government (net) \n285,335.2\n123,643.6\n85,807.2\n31,961.9\n-9,652.6\n70,864.7\n106,608.7\n204,527.3\n-33,562.5\n141,142.2\n19,194.3\n112,928.5\n30,718.1\n RBZ\n-529.8\n-6,040.3\n151,275.4\n1,434.7\n9,780.2\n17,699.4\n42,099.2\n17,455.7\n23,678.3\n62,776.1\n27,997.4\n10,283.1\n12,146.1\n DMBs\n285,591.8\n119,683.9\n-58,247.0\n14,363.6\n-21,245.9\n51,171.1\n64,402.6\n165,163.5\n-51,624.8\n85,199.8\n12,825.3\n60,075.4\n15,766.0\n OBIs\n273.1\n10,000.0\n-7,221.2\n16,163.6\n1,813.1\n1,994.2\n106.9\n21,908.1\n-5,616.0\n-6,833.7\n-21,628.3\n42,570.0\n2,806.0\n Claims on Public Enterprises \n1,832.0\n-51,158.1\n-4,506.4\n7,866.2\n-1,984.3\n30,353.4\n-1,071.0\n57,104.1\n4,597.4\n-25,062.5\n58,925.6\n6,328.3\n11,508.7\n RBZ\n349.8\n102.0\n742.4\n167.2\n325.0\n27,938.9\n12.5\n49,194.3\n-2,836.7\n-22,564.6\n16,188.3\n7,869.9\n12,829.8\n DMBs\n1,693.1\n-51,182.0\n-4,743.6\n6,619.9\n-2,342.5\n2,560.3\n-843.4\n7,698.3\n7,645.6\n-2,520.4\n42,734.4\n-1,493.8\n-1,480.3\n Agri-PEs\n-1,521.5\n-1,522.5\n-1,523.5\n-1,524.5\n-1,525.5\n-1,526.5\n-1,527.5\n-1,528.5\n-9,457.5\n-7,505.4\n-6,965.8\n-6,966.8\n-6,967.8\n Other\n3,214.7\n-49,659.5\n-3,220.1\n8,144.4\n-816.9\n4,086.8\n684.1\n9,226.8\n17,103.1\n4,985.0\n49,700.2\n5,473.1\n5,487.6\n OBIs\n-211.0\n-78.1\n-505.2\n1,079.1\n33.1\n-145.7\n-240.1\n211.5\n-211.5\n22.5\n3.0\n-47.9\n159.1\n Claims on Private Sector\n930.9\n-21,288.3\n31,138.3\n7,767.5\n62,372.2\n15,602.3\n43,071.6\n-71,507.0\n-29,989.0\n-102,559.8\n-25,403.9\n-38,313.4\n-38,007.1\n RBZ\n-402.4\n20,534.2\n15,032.7\n26,046.5\n-25,409.6\n8,600.4\n1,482.9\n13,107.0\n2,500.0\n-18,435.0\n-18,271.7\n2,271.5\n250.4\n DMBs\n11,924.1\n-60,287.7\n9,527.4\n-34,680.2\n81,453.3\n-6,085.7\n30,914.2\n-107,471.5\n-13,462.6\n-87,312.9\n635.8\n-37,825.9\n-45,003.2\n OBIs\n-10,590.8\n18,465.2\n6,578.2\n16,401.3\n6,328.5\n13,087.7\n10,674.5\n22,857.6\n-19,026.4\n3,188.1\n-7,768.0\n-2,759.0\n6,745.7\nOTHER ITEMS (NET) \n-193,936.7\n99,291.2\n-234,228.4\n-44,494.9\n50,144.0\n4,710.2\n-55,121.3\n-273,748.8\n68,882.0\n92,462.7\n43,899.6\n81,454.2\n136,226.7\nBROAD MONEY (M3) \n49,122.9\n56,042.3\n-70,049.4\n-912.2\n112,975.5\n14,802.7\n144,357.2\n20,238.7\n-10,978.5\n14,434.3\n147,931.7\n88,069.3\n46,002.9\n Broad Money (M3) \n1.11%\n1.2%\n-1.54%\n-0.02%\n2.53%\n0.32%\n3.14%\n0.43%\n-0.23%\n0.30%\n3.10%\n1.79%\n0.92%\n Domestic Credit \n6.36%\n1.1%\n2.31%\n0.96%\n1.01%\n2.30%\n2.86%\n3.56%\n-1.07%\n0.25%\n0.96%\n1.46%\n0.08%\n Claims on Private Sector\n0.02%\n-0.6%\n0.83%\n0.21%\n1.65%\n0.41%\n1.12%\n-1.83%\n-0.78%\n-2.70%\n-0.69%\n-1.04%\n-1.05%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\n2015\n2016\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n12 \n \nMAY\nJUNE\nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nNET FOREIGN ASSETS \n-95,449.8\n-180,094.9\n-22,698.6\n-100,052.1\n-179,455.4\n-223,571.1\n-3,723.5\n51,716.5\n25,599.2\n-16,833.2\n-162,864.4\n-167,123.9\n-216,529.0\n Assets\n-379,009.3\n-200,283.4\n-183,460.8\n-212,180.1\n-216,884.3\n-214,670.1\n-160,163.5\n-103,502.5\n-72,324.8\n-58,831.6\n-128,929.8\n-118,045.9\n-187,662.4\n Reserve Bank (RBZ)\n-107,685.7\n79,429.5\n68,475.7\n-50,976.1\n-260,229.1\n-172,834.3\n-34,353.8\n70,271.8\n67,607.2\n109,920.3\n52,382.6\n71,707.8\n104,163.2\n Deposit Money Banks (DMBs)\n-282,081.0\n-294,731.2\n-262,175.5\n-175,757.2\n33,238.4\n-45,036.0\n-106,467.2\n-162,792.6\n-103,107.2\n-141,455.7\n-150,731.3\n-155,323.7\n-218,661.6\n Other Banking Institutions (OBIs) \\1\n10,757.3\n15,018.3\n10,239.0\n14,553.2\n10,106.4\n3,200.1\n-19,342.5\n-10,981.7\n-36,824.9\n-27,296.3\n-30,581.0\n-34,430.0\n-73,164.0\n Liabilities \\2\n283,559.6\n20,188.5\n160,762.2\n112,128.0\n37,428.9\n-8,901.0\n156,440.0\n155,218.9\n97,924.0\n41,998.4\n-33,934.6\n-49,078.0\n-28,866.7\n RBZ\n-283,804.9\n-48,600.0\n-96,131.8\n-60,845.6\n19,340.3\n34,361.2\n18,611.0\n75,864.3\n83,389.7\n108,661.8\n217,549.1\n223,580.0\n315,851.6\n DMBs\n-23,610.5\n14,958.5\n-83,111.7\n-63,177.9\n-46,073.7\n-13,602.2\n-162,923.9\n-219,844.2\n-170,029.2\n-139,327.3\n-169,893.9\n-163,052.9\n-274,592.8\n OBIs\n23,855.8\n13,453.0\n18,481.3\n11,895.4\n-10,695.4\n-11,858.0\n-12,127.1\n-11,239.0\n-11,284.5\n-11,332.9\n-13,720.6\n-11,449.1\n-12,392.1\nNET DOMESTIC ASSETS \\3\n257,686.8\n400,538.7\n272,589.1\n251,024.5\n376,976.5\n367,137.9\n333,441.6\n310,287.2\n388,719.3\n447,824.3\n709,354.1\n733,158.4\n779,443.5\nDOMESTIC CREDIT\n679,564.0\n695,004.5\n776,284.9\n794,638.6\n812,660.2\n865,327.7\n992,339.8\n1,156,742.8\n1,244,947.0\n1,240,909.9\n1,171,650.7\n1,093,844.4\n809,966.1\n Claims on Government (net) \n482,132.6\n575,620.5\n736,056.5\n754,533.2\n739,918.1\n782,714.1\n897,401.8\n1,048,718.3\n986,766.1\n1,122,755.2\n1,153,453.4\n1,138,798.4\n884,181.4\n RBZ\n99,026.6\n92,986.5\n289,241.2\n270,492.4\n290,213.2\n286,430.3\n328,127.9\n356,615.8\n367,824.5\n430,914.6\n468,278.0\n357,909.4\n370,585.4\n DMBs\n354,951.8\n444,479.8\n415,882.2\n448,362.7\n412,213.7\n457,069.2\n511,078.6\n631,757.3\n563,398.7\n643,214.9\n665,775.9\n727,359.2\n457,533.3\n OBIs\n28,154.2\n38,154.2\n30,933.0\n35,678.2\n37,491.3\n39,214.6\n58,195.3\n60,345.2\n55,543.0\n48,625.8\n19,399.5\n53,529.8\n56,062.7\n Claims on Public Enterprises \n25,922.7\n-20,025.0\n-28,752.0\n-13,816.8\n-17,867.0\n12,502.1\n17,145.1\n74,160.0\n80,539.8\n51,500.7\n107,827.5\n83,224.6\n92,901.3\n RBZ\n1,087.1\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n77,489.1\n89,969.1\n DMBs\n24,052.3\n-21,919.3\n-30,883.4\n-17,194.6\n-21,602.9\n-19,027.0\n-14,156.5\n-6,547.4\n2,880.7\n-3,616.3\n38,245.6\n5,825.7\n2,652.3\n Agri-PEs\n-6,908.9\n-1,516.3\n-1,511.0\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n-1,518.5\n-1,519.5\n-1,520.5\n-1,521.5\n-1,522.5\n Other\n30,961.2\n-20,403.0\n-29,372.5\n-15,680.0\n-20,087.4\n-17,511.5\n-12,639.9\n-5,029.8\n4,399.2\n-2,096.7\n39,766.1\n7,347.3\n4,174.9\n OBIs\n783.2\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n-774.5\n-90.2\n279.9\n Claims on Private Sector\n171,508.7\n139,409.0\n68,980.4\n53,922.1\n90,609.0\n70,111.5\n77,793.0\n33,864.5\n177,641.0\n66,654.0\n-89,630.2\n-128,178.6\n-167,116.6\n RBZ\n-3,589.5\n16,964.5\n31,997.2\n58,043.6\n32,634.0\n41,234.4\n42,717.2\n55,824.2\n58,324.2\n39,889.2\n24,933.7\n27,056.2\n27,709.1\n DMBs\n4,881.3\n-55,223.4\n-103,031.0\n-141,232.5\n-64,459.1\n-65,906.0\n-55,036.1\n-135,814.0\n25,822.4\n-50,903.8\n-186,744.5\n-212,671.7\n-269,599.0\n OBIs\n170,216.9\n177,667.9\n140,014.2\n137,110.9\n122,434.1\n94,783.1\n90,111.8\n113,854.3\n93,494.4\n77,668.6\n72,180.6\n57,436.9\n74,773.4\nOTHER ITEMS (NET) \n-421,877.2\n-294,465.8\n-503,695.8\n-543,614.1\n-435,683.7\n-498,189.8\n-658,898.2\n-846,455.6\n-856,227.7\n-793,085.7\n-462,296.6\n-360,686.0\n-30,522.6\nBROAD MONEY (M3) \n162,237.0\n220,443.8\n249,890.4\n150,972.4\n197,521.1\n143,566.8\n329,718.1\n362,003.6\n414,318.5\n430,991.1\n546,489.7\n566,034.5\n562,914.4\nGROWTH RATES\n Broad Money (M3) \n3.8%\n5.1%\n5.9%\n3.5%\n4.5%\n3.2%\n7.5%\n8.2%\n9.5%\n9.9%\n12.5%\n12.8%\n12.5%\n Domestic Credit \n16.4%\n16.7%\n18.5%\n18.8%\n19.0%\n20.0%\n22.8%\n26.4%\n29.4%\n29.2%\n26.8%\n24.1%\n16.8%\n Claims on Private Sector\n4.8%\n3.9%\n1.9%\n1.4%\n2.4%\n1.9%\n2.0%\n0.9%\n4.9%\n1.8%\n-2.4%\n-3.4%\n-4.4%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\n2016\n$ Thousands\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n2015\n \n \n13 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nFeb\n538,722.0\n42,062.8\n47,395.1\n446,647.8\n21,790.0\n117,681.6\n461,237.6\n214,420.4\n463,884.6\n48,357.0\n544,838.5\n1,416.2\n2,948,453.6\nMar\n549,118.0\n42,010.1\n44,087.2\n448,278.7\n76,302.3\n110,180.3\n473,978.1\n203,327.9\n466,104.7\n48,938.0\n550,140.6\n1,339.6\n3,013,805.6\nApr\n556,457.4\n30,687.3\n44,546.9\n451,852.9\n65,696.1\n72,653.7\n457,797.1\n202,418.2\n518,353.6\n47,653.8\n551,662.8\n990.1\n3,000,770.0\nMay\n577,258.6\n31,400.7\n44,839.1\n456,652.1\n64,792.3\n75,682.2\n460,700.3\n192,377.2\n545,363.4\n50,061.9\n561,058.3\n1,034.4\n3,061,220.5\nJun\n576,485.1\n29,649.0\n56,936.5\n463,750.7\n20,117.9\n91,678.4\n407,949.0\n181,512.7\n512,108.4\n40,839.7\n590,917.1\n965.9\n2,972,910.2\nJul\n589,866.7\n27,447.9\n56,456.1\n474,568.7\n21,025.9\n92,335.6\n418,612.0\n186,238.8\n416,928.9\n41,201.6\n579,629.0\n941.4\n2,905,252.7\nAug\n580,775.3\n28,148.8\n58,618.6\n460,451.4\n22,509.2\n105,466.9\n411,831.6\n176,732.7\n440,470.4\n41,154.5\n571,926.0\n886.9\n2,898,972.1\nSep\n598,429.9\n28,307.9\n59,213.0\n443,604.1\n22,711.9\n102,015.0\n421,228.0\n174,144.2\n467,804.5\n43,051.0\n569,250.1\n929.5\n2,930,689.0\nOct\n609,537.2\n33,868.4\n53,813.7\n466,727.6\n21,566.0\n104,959.3\n447,136.6\n141,401.6\n484,254.8\n40,156.6\n573,330.4\n907.7\n2,977,660.0\nNov\n650,547.2\n28,696.7\n49,784.9\n440,864.2\n12,868.9\n104,288.1\n428,393.1\n152,136.9\n444,207.8\n40,760.5\n543,920.4\n696.2\n2,897,164.8\nDec\n590,610.6\n30,958.8\n44,706.5\n366,799.2\n13,354.6\n87,897.5\n450,208.5\n163,452.9\n475,424.5\n40,154.3\n518,998.3\n527.5\n2,783,093.0\n2016\nJan\n577,684.4\n35,033.6\n35,535.9\n379,618.2\n13,329.2\n68,325.8\n476,677.0\n158,150.5\n410,992.6\n40,295.6\n535,379.3\n380.2\n2,731,402.2\nFeb\n539,562.8\n35,885.1\n37,857.4\n374,835.1\n13,285.9\n63,301.8\n473,970.3\n155,889.4\n415,520.6\n40,862.5\n531,789.5\n365.3\n2,683,125.7\nMar\n586,349.7\n39,180.5\n41,037.5\n371,809.6\n13,397.9\n63,061.4\n444,769.1\n156,209.2\n402,900.5\n44,606.7\n588,882.7\n410.7\n2,752,615.5\nApr\n527,545.8\n46,612.5\n40,624.2\n379,572.0\n13,428.1\n69,469.7\n437,795.4\n142,682.1\n421,335.6\n43,921.4\n645,037.3\n9,410.0\n2,777,434.0\nMay\n522,239.8\n40,194.4\n38,496.8\n358,042.5\n13,280.8\n65,381.2\n439,295.5\n145,180.0\n401,304.1\n41,908.5\n651,719.3\n9,579.0\n2,726,621.9\nSource:Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n14 \n \n \n \n \n \n \n \nEND OF\nAGRICULTURE CONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2015\nJan\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\nFeb\n151,740.1\n63,112.6\n109,807.6\n370,581.8\n314,944.7\n784,737.6\n309,307.9\n120,255.1\n1,028,160.1\n43,112.0\n606,650.6\n78,891.2\n3,981,301.2\nMar\n199,484.8\n63,709.2\n116,397.4\n378,460.0\n351,448.0\n762,380.7\n373,911.9\n99,744.6\n912,654.4\n42,478.9\n644,951.3\n72,605.2\n4,018,226.6\nApr\n186,896.3\n65,974.0\n130,284.9\n380,884.8\n330,001.9\n799,952.4\n373,648.3\n109,735.0\n944,772.9\n44,964.9\n653,801.0\n75,850.9\n4,096,767.2\nMay\n185,803.2\n73,167.5\n111,512.1\n523,774.7\n299,659.2\n801,335.5\n419,453.7\n113,355.0\n1,041,392.8\n50,057.9\n619,767.9\n71,388.8\n4,310,668.3\nJun\n187,657.0\n76,777.8\n109,336.0\n498,031.3\n304,087.2\n877,042.8\n338,069.8\n67,556.6\n1,131,497.1\n43,949.0\n651,072.8\n72,166.9\n4,357,244.2\nJul\n180,261.3\n80,536.4\n106,645.3\n452,744.1\n295,611.1\n911,363.8\n360,746.5\n88,518.4\n971,759.9\n53,101.6\n647,215.1\n70,618.8\n4,219,122.4\nAug\n168,075.2\n86,038.9\n108,477.7\n472,875.1\n335,158.3\n784,616.6\n401,830.1\n76,647.0\n1,042,260.4\n55,455.9\n657,177.1\n51,922.5\n4,240,535.0\nSep\n197,641.5\n85,842.6\n112,415.3\n462,925.6\n349,564.2\n831,813.0\n379,121.4\n71,090.0\n1,033,106.7\n53,348.1\n676,308.0\n55,759.2\n4,308,935.5\nOct\n219,922.3\n85,382.0\n116,874.4\n447,200.7\n331,543.6\n821,640.8\n378,568.5\n68,298.7\n1,100,719.7\n55,846.7\n648,757.5\n67,353.2\n4,342,108.3\nNov\n212,806.1\n85,815.7\n98,468.4\n465,089.7\n334,835.6\n846,959.0\n363,754.4\n71,866.2\n1,074,141.8\n56,110.3\n665,421.1\n64,630.3\n4,339,898.7\nDec\n196,092.9\n88,273.0\n102,636.9\n518,411.4\n336,909.2\n864,491.7\n307,845.0\n63,337.5\n1,163,771.1\n57,410.5\n639,985.6\n66,435.7\n4,405,600.5\n2016\nJan\n231,827.3\n101,724.1\n93,544.2\n517,089.2\n325,203.1\n977,272.1\n345,812.2\n62,026.3\n1,083,702.7\n61,755.6\n618,080.1\n58,808.7\n4,476,845.6\nFeb\n226,568.3\n105,747.9\n97,684.4\n525,070.9\n339,839.0\n896,869.2\n326,026.0\n59,381.3\n1,047,904.6\n63,248.3\n634,478.3\n63,017.8\n4,385,835.9\nMar\n243,546.9\n102,238.4\n116,471.1\n582,943.5\n362,058.8\n879,340.8\n368,689.6\n60,514.0\n402,900.5\n62,839.4\n642,779.4\n61,037.6\n4,556,027.1\nApr\n243,151.6\n102,234.0\n112,219.5\n569,660.7\n360,299.5\n907,855.6\n335,068.6\n71,721.0\n1,156,122.6\n63,858.0\n628,901.1\n61,087.0\n4,612,179.4\nMay\n236,180.5\n97,008.6\n120,726.3\n593,284.9\n371,034.5\n923,580.9\n356,500.9\n99,176.4\n1,107,956.8\n61,396.5\n607,501.4\n64,066.3\n4,638,413.9\nSource: Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n15 \n \n \n \n \n \n \nEnd Period\n1999\n2000\n2001\n2002\n2003\n2004\n2005\n2006\n2007\n2008\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n(US$ millions)\nLong-Term External Debt\n3,530\n3,227\n3,255\n3,327\n3,644\n3,927\n3,805\n3,965\n4,032\n4,464\n4,951\n5,175\n6,096\n6,607\n7,370\n8,444\n8,426\nGovernment\n2,461\n2,249\n2,328\n2,376\n2,617\n2,844\n2,895\n3,024\n3,054\n3,464\n4,037\n4,095\n4,638\n4,929\n5,012\n4,522\n5,293\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\n3,310\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\n1,982\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n543\n534\n568\n616\n698\n714\n709\n766\n790\n825\n857\n938\n1,092\n1,198\n1,356\n1,661\n1,220\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\n760\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\n460\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nPrivate\n162\n152\n67\n56\n41\n78\n57\n45\n51\n35\n57\n142\n366\n480\n1,002\n2,261\n1,913\nShort-Term External Debt\n532\n298\n167\n183\n169\n144\n173\n281\n387\n226\n1,198\n1,382\n1,289\n890\n1,564\n2,394\n2,258\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\n587\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\n1,671\nTotal External Debt\n4,062\n3,525\n3,422\n3,510\n3,812\n4,071\n3,978\n4,246\n4,419\n4,690\n6,149\n6,557\n7,385\n7,497\n8,934\n10,838\n10,684\nSource: Ministry of Finance & Economic Development, 2016; & Reserve Bank of Zimbabwe, 2016\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \n16 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \nEnd Period\nNominal Lending Rates2\nIndividuals \nCorporate\n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \nFeb\n4.30-33.50\n14.00 \n9.73 \nMar\n4.30-33.50\n13.24 \n8.75 \nApr\n4.30-31.00\n12.71 \n8.84 \nMay\n5.00-31.00\n12.74 \n8.79 \nJun\n5.00-31.00\n11.94 \n8.42 \nJul\n5.00-31.00\n11.86 \n8.56 \nAug\n4.30-26.00\n11.96 \n8.51 \nSep\n4.30-25.00\n11.81 \n8.47 \nOct\n4.00-18.00\n10.98 \n7.28 \nNov\n4.00-16.25\n12.20 \n7.67 \nDec\n6.00-16.00\n11.99 \n7.57 \n2016 \nJan\n6.00-22.00\n12.08 \n7.38 \nFeb\n4.00-22.00\n11.48 \n7.29 \nMar\n4.00-22.00\n11.44 \n7.16 \nApr\n4.00-22.00\n11.50 \n7.20 \nMay\n4.00-18.00\n11.43 \n7.35 \n Source:Reserve Bank of Zimbabwe, 2016\nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates 3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \nMONTHLY ECONOMIC REVIEW \n17 \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2015 \nJan\n0.15-8.00\n3.00-17.00\nFeb\n0.50-12.00\n1.00-17.00\nMar\n0.50-12.00\n1.00-17.00\nApr\n0.30-8.00\n1.00-17.00\nMay\n0.30-8.00\n1.00-17.00\nJun\n0.30-8.00\n1.00-17.00\nJul\n0.30-8.00\n1.00-15.00\nAug\n0.30-8.00\n1.00-15.00\nSep\n0.30-8.00\n1.00-16.00\nOct\n0.50-8.00\n1.00-17.00\nNov\n0.75-8.00\n1.00-17.00\nDec\n0.50-8.00\n0.75-17.00\n2016 \nJan\n0.50-8.00\n0.75-17.00\nFeb\n0.50-8.00\n0.75-17.00\nMar\n0.50-8.00\n0.75-17.00\nApr\n0.50-8.00\n0.75-17.00\nMay\n0.50-8.00\n0.75-17.00\n Source:Reserve Bank of Zimbabwe, 2016\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \n18 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION \n&\nEDUCATION\nRESTAURANTS \n&\nMISC.\nTOTAL NON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015 \nJan\n-0.04\n-0.01\n0.08\n0.07\n0.06\n-0.97\n-13.41\n0.02\n-0.08\n-0.48\n0.30\n-0.69\n0.40\n-0.34\nFeb\n0.25\n-0.35\n-0.09\n-0.11\n-0.02\n-0.41\n-0.10\n-0.17\n0.00\n-0.28\n0.10\n-0.13\n0.05\n-0.07\nMar\n0.12\n-0.27\n-0.06\n-0.02\n-0.05\n0.02\n0.00\n0.03\n0.00\n0.12\n0.10\n-0.03\n-0.03\n-0.03\nApr\n-0.63\n-0.01\n-0.71\n-3.35\n-0.46\n-0.05\n-0.15\n-0.13\n-0.07\n0.59\n0.41\n-0.04\n-1.01\n-0.89\nMay\n-0.17\n-0.41\n0.18\n-0.25\n0.10\n-0.25\n-0.02\n-0.11\n0.00\n-0.08\n-0.44\n-0.10\n-0.37\n-0.19\nJun\n0.36\n-0.06\n-0.02\n-0.07\n-0.17\n0.06\n0.01\n-0.09\n0.00\n-0.07\n0.11\n0.01\n-0.45\n-0.14\nJul\n-0.08\n0.05\n-0.56\n-0.82\n0.15\n-0.09\n-0.02\n-0.14\n7.48\n-0.02\n0.03\n0.47\n-0.81\n0.06\nAug\n-0.27\n-0.01\n0.02\n-0.14\n-0.04\n-0.29\n-0.06\n-0.26\n0.00\n-0.14\n-0.09\n-0.10\n-0.75\n-0.36\nSep\n-0.05\n0.00\n-0.62\n-0.52\n0.04\n-0.42\n-0.38\n-0.01\n0.00\n1.28\n-0.30\n-0.31\n-0.47\n-0.36\nOct\n-0.43\n-0.31\n-0.08\n-0.32\n0.61\n-0.47\n0.02\n-0.14\n0.00\n-0.18\n0.12\n-0.17\n-0.53\n-0.29\nNov\n-0.15\n-0.19\n-0.01\n-0.24\n0.00\n-0.08\n-0.23\n-0.02\n2.83\n-0.03\n-0.02\n0.22\n0.04\n0.16\nDec\n-0.41\n-0.15\n0.18\n-0.07\n-0.06\n-0.25\n-0.03\n0.09\n0.00\n-0.07\n-0.30\n-0.06\n-0.21\n-0.11\n2016 \nJan\n0.05\n-0.02\n-0.04\n-0.30\n-0.15\n-0.37\n0.00\n-0.18\n0.00\n-0.16\n-0.29\n-0.13\n0.13\n-0.05\nFeb\n-0.14\n0.00\n-0.12\n-0.19\n-0.17\n-0.37\n-0.13\n-0.01\n0.00\n-0.17\n0.06\n-0.14\n-0.03\n-0.10\nMar\n-0.15\n-0.17\n-1.03\n-0.73\n-0.13\n-0.30\n0.42\n-0.04\n3.36\n-0.62\n-0.60\n-0.11\n-0.13\n-0.12\nApr\n0.03\n-0.14\n-0.02\n-0.32\n0.00\n0.07\n-0.08\n-0.02\n-0.01\n-0.09\n-0.35\n-0.08\n-0.51\n-0.21\nMay\n-0.29\n-0.22\n0.12\n-0.11\n-0.18\n-0.11\n-1.61\n0.06\n0.00\n0.02\n-0.33\n-0.12\n-0.49\n-0.24\nSource:Zimstat, 2016\nNON-FOOD INFLATION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n19 \n \nFOOD \nIN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHOU S IN G, \nWA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A TION\nR EC R EA TION \n&\nED U C A TION\nR ES TA U R A N TS \n&\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\n& FOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON \nA LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015\nJan\n0.47\n0.00\n-0.16\n-1.86\n1.21\n0.19\n-13.69\n-0.44\n4.35\n-2.16\n-1.82\n-0.57\n-2.74\n-1.28\nFeb\n0.73\n-0.25\n-0.14\n-1.88\n1.10\n-0.30\n-13.78\n-0.57\n4.11\n-2.36\n-1.80\n-0.68\n-2.87\n-1.40\nMar\n0.90\n-0.46\n0.62\n-1.78\n1.03\n-0.28\n-13.78\n-0.54\n4.11\n-2.26\n-1.41\n-0.44\n-2.77\n-1.20\nApr\n-2.93\n0.59\n-1.07\n-2.62\n-1.50\n0.81\n-0.76\n-13.88\n-0.95\n-7.02\n-0.84\n-1.41\n-2.51\n-2.65\nMay\n0.31\n-1.37\n-2.39\n-1.45\n0.92\n-1.23\n-13.87\n-0.86\n-7.09\n-0.79\n-1.42\n-2.56\n-3.00\n-2.70\nJun\n0.72\n-1.54\n-2.41\n-1.58\n0.45\n-1.14\n0.00\n-0.87\n-7.09\n-0.75\n-1.38\n-2.57\n-3.32\n-2.81\nJul\n0.74\n-1.61\n-3.24\n-2.37\n0.50\n-1.12\n-13.77\n-0.93\n-1.90\n-1.61\n-0.99\n-2.35\n-3.65\n-2.77\nAug\n0.61\n-1.53\n-3.22\n-2.37\n0.42\n-1.67\n-13.77\n-1.11\n-1.88\n-1.78\n0.13\n-2.38\n-3.59\n-2.77\nSep\n0.47\n-1.67\n-4.25\n-2.62\n0.25\n-2.45\n-14.05\n-0.99\n-1.88\n-0.12\n-0.28\n-2.83\n-3.72\n-3.11\nOct\n-0.12\n-2.04\n-4.33\n-2.80\n0.86\n-2.64\n-13.98\n-1.09\n-1.89\n-0.32\n-0.20\n-2.95\n-4.00\n-3.29\nNov\n-0.45\n-2.35\n-4.32\n-2.94\n0.77\n-2.81\n-14.19\n-1.14\n11.08\n0.28\n-0.27\n-1.80\n-3.85\n-2.46\nDec\n-0.88\n-2.39\n-4.29\n-2.91\n0.57\n-3.24\n-14.22\n-0.89\n11.08\n0.43\n-0.42\n-1.89\n-3.71\n-2.47\n2016\nJan\n-0.79\n-2.41\n-4.40\n-3.27\n0.37\n-2.66\n-0.93\n-1.09\n11.17\n0.75\n-1.01\n-1.34\n-3.96\n-2.19\nFeb\n-1.16\n-2.06\n-4.43\n-3.35\n0.22\n-2.62\n-0.97\n0.21\n11.17\n0.96\n-1.17\n-1.35\n-4.04\n-2.22\nMar\n-1.43\n-1.97\n-5.36\n-4.04\n0.14\n-2.92\n-0.55\n-1.00\n14.91\n0.21\n-1.86\n-1.43\n-4.13\n-2.31\nApr\n-1.40\n-1.40\n-2.11\n-3.91\n0.19\n-2.71\n-0.50\n-0.95\n14.21\n-0.28\n-2.17\n-0.51\n-4.02\n-1.64\nMay\n-1.52\n-1.21\n-2.17\n-3.77\n-0.10\n-2.57\n-2.09\n-0.78\n14.21\n-0.18\n-2.07\n-0.53\n-4.13\n-1.69\nSource: Zimstat, 2016\nN ON - FOOD IN FLA TION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \n20 \n \nMONTHLY ECONOMIC REVIEW \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2015\nJAN\n11.5530\n9.6108\n117.8500\n1.1334\n1.5081\nFEB\n11.5530\n9.6108\n119.1700\n1.1200\n1.5400\nMAR\n12.1600\n9.9600\n120.1900\n1.0790\n1.4771\nAPR\n11.8200\n9.7400\n118.6000\n1.1100\n1.5400\nMAY\n12.1338\n9.7561\n123.8650\n1.0947\n1.5300\nJUNE\n12.2600\n9.9200\n122.3100\n1.1191\n1.5723\nJULY\n12.7100\n10.6700\n124.0300\n1.0941\n1.5601\nAUG\n13.3100\n10.2000\n121.1100\n1.1247\n1.5427\nSEPT\n13.9000\n10.5500\n119.9400\n1.1245\n1.5385\nOCT\n13.8500\n10.4700\n121.1500\n1.0981\n1.5400\nNOV\n14.3958\n10.6952\n122.7250\n1.0589\n1.5315\nDEC\n15.5600\n11.0990\n120.4200\n1.0929\n1.4925\n2016\nJAN\n16.0900\n11.4300\n120.5500\n1.0905\n1.4493\nFEB\n16.1100\n11.2700\n113.0300\n1.0990\n1.3880\nMAR\n15.4500\n11.1000\n112.9500\n1.1100\n1.4200\nAPR\n14.6200\n10.7575\n109.6825\n1.1340\n1.4306\nMAY\n15.3200\n10.9800\n108.9323\n1.1340\n1.4522\nSource: Reserve Bank of Zimbabwe, 2016\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n1. Foreign currency per US Dollar.\n2. US Dollar per unit of foreign \n \n \n21 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nBond\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\nCoins\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.6\n222.5\n527.9\n159.0\n182.6\n163.6\n325.7\n0.0\n1,581.9\n \n21.4\n2,796.76\n \n557.7\n360.2\n366.1\n5,684.2\n \n Feb\n0.4\n216.7\n501.2\n149.6\n183.2\n128.6\n344.6\n0.0\n1,524.2\n \n17.9\n2,792.50\n \n564.8\n325.3\n356.8\n5,581.5\n \n Mar\n0.6\n246.9\n461.4\n147.8\n222.2\n121.6\n338.0\n5.4\n1,543.8\n \n15.5\n2,925.46\n \n527.3\n352.5\n362.0\n5,726.6\n \n Apr\n0.7\n205.5\n492.8\n158.6\n218.5\n112.0\n335.1\n5.4\n1,528.6\n \n18.2\n2,967.13\n \n527.1\n364.2\n385.4\n5,790.7\n \n May\n0.7\n237.3\n495.6\n135.1\n181.0\n101.4\n622.7\n5.5\n1,779.2\n \n18.2\n2,922.70\n \n525.7\n434.2\n384.3\n6,064.3\n \n Jun\n0.8\n245.7\n570.9\n155.1\n144.7\n90.8\n750.1\n4.4\n1,962.4\n \n28.8\n2,872.55\n \n498.4\n351.0\n386.2\n6,099.4\n \n Jul\n0.9\n226.0\n544.9\n137.3\n135.3\n86.3\n770.0\n0.0\n1,900.7\n \n28.8\n2,815.04\n \n504.1\n361.1\n388.8\n5,998.5\n \n Aug\n1.0\n234.0\n523.7\n104.3\n194.7\n76.1\n786.5\n5.1\n1,925.3\n \n28.8\n2,810.06\n \n535.2\n339.9\n390.5\n6,029.6\n \n Sep\n1.0\n255.2\n551.8\n114.8\n192.9\n63.7\n764.9\n5.1\n1,949.4\n \n28.0\n2,844.13\n \n599.2\n404.6\n392.3\n6,217.7\n \n Oct\n0.9\n215.7\n536.1\n143.7\n171.5\n83.5\n808.3\n5.2\n1,964.9\n \n26.7\n2,884.16\n \n599.3\n350.6\n391.5\n6,217.0\n \n Nov\n1.2\n186.9\n526.1\n135.9\n123.5\n74.3\n871.8\n5.2\n1,924.9\n \n26.6\n2,931.49\n \n603.6\n355.3\n393.6\n6,235.5\n \n Dec\n0.7\n181.6\n542.9\n127.5\n118.6\n79.7\n1031.3\n5.2\n2,087.6\n \n20.8\n2,820.54\n \n582.0\n352.8\n396.7\n6,260.4\n \n2016\n Jan\n1.0\n172.0\n646.9\n119.2\n130.7\n76.6\n981.9\n5.2\n2,133.5\n \n20.6\n2,763.7\n \n582.8\n387.3\n396.6\n6,284.4\n \n Feb\n1.2\n140.7\n682.1\n96.3\n118.1\n21.5\n1125.6\n5.2\n2,190.7\n \n20.1\n2,680.9\n \n477.1\n390.1\n399.3\n6,158.2\n \n Mar\n1.3\n161.9\n714.2\n96.3\n156.8\n19.2\n1140.5\n5.1\n2,295.4\n \n20.3\n2,690.6\n \n430.6\n428.7\n405.1\n6,270.8\n \n Apr\n1.3\n135.5\n757.8\n135.5\n133.3\n18.7\n1198.1\n5.1\n2,385.4\n \n20.4\n2,653.4\n \n413.7\n441.1\n404.7\n6,318.6\n \n May\n1.4\n89.6\n871.6\n130.5\n110.4\n19.3\n1215.9\n5.0\n2,443.6\n \n19.8\n2,681.8\n \n397.0\n358.0\n412.6\n6,312.8\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n22 \n \n \n \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2015\nJan\n2,056.2\n \n996.2\n561.7\n3,614.0\n \n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5,684.2\n \n3,614.0\n \nFeb\n2,079.6\n \n876.1\n611.6\n3,567.3\n \n426.6\n0.0\n75.6\n720.3\n564.8\n227.0\n5,581.5\n \n3,567.3\n \nMar\n2,139.3\n \n940.4\n513.3\n3,593.0\n \n461.1\n0.0\n101.9\n749.7\n527.3\n293.6\n5,726.6\n \n3,593.0\n \nApr\n2,098.7\n \n943.5\n629.8\n3,672.0\n \n448.9\n0.0\n103.4\n747.4\n527.1\n291.8\n5,790.7\n \n3,672.0\n \nMay\n2,131.8\n \n1015.3\n615.3\n3,762.4\n \n574.7\n0.0\n82.4\n814.7\n525.7\n304.4\n6,064.3\n \n3,762.4\n \nJun\n2,213.2\n \n1021.9\n593.5\n3,828.7\n \n560.2\n0.8\n103.1\n814.9\n498.4\n293.2\n6,099.4\n \n3,828.7\n \nJul\n2,166.4\n \n889.7\n732.5\n3,788.6\n \n478.9\n0.8\n88.2\n813.0\n504.1\n325.0\n5,998.5\n \n3,788.6\n \nAug\n2,266.7\n \n790.9\n723.1\n3,780.7\n \n490.7\n0.0\n83.4\n825.7\n535.2\n313.9\n6,029.6\n \n3,780.7\n \nSep\n2,276.7\n \n967.6\n648.7\n3,892.9\n \n504.0\n0.0\n72.0\n828.1\n599.2\n321.5\n6,217.7\n \n3,892.9\n \nOct\n2,259.9\n \n909.3\n667.8\n3,837.0\n \n494.3\n0.0\n122.2\n841.2\n599.3\n322.9\n6,217.0\n \n3,837.0\n \nNov\n2,475.9\n \n919.4\n580.1\n3,975.4\n \n347.6\n0.0\n126.0\n845.3\n603.6\n337.5\n6,235.5\n \n3,975.4\n \nDec\n2,512.2\n \n999.0\n543.0\n4,054.2\n \n320.4\n0.0\n140.4\n866.9\n582.0\n296.5\n6,260.4\n \n4,054.2\n \n2016\nJan\n2,562.6\n \n952.2\n558.7\n4,073.5\n \n313.2\n0.0\n135.6\n871.3\n582.8\n308.0\n6,284.4\n \n4,073.5\n \nFeb\n2,545.7\n \n959.3\n572.0\n4,077.1\n \n298.9\n0.0\n126.0\n878.1\n477.1\n301.0\n6,158.2\n \n4,077.1\n \nMar\n2,653.7\n \n893.4\n680.0\n4,227.1\n \n303.1\n0.0\n135.2\n886.6\n430.6\n288.2\n6,270.8\n \n4,227.1\n \nApr\n2,675.3\n \n1008.1\n591.9\n4,275.3\n \n285.7\n0.0\n154.4\n893.9\n413.7\n295.5\n6,318.6\n \n4,275.3\n \nMay\n2,764.6\n \n1100.0\n449.7\n4,314.3\n \n300.0\n0.0\n101.3\n908.9\n397.0\n291.2\n6,312.8\n \n4,314.3\n \nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ Millions\nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n23 \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\nBond\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoins\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.0\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\n Feb\n0.0\n0.4\n0.2\n0.1\n0.1\n1.6\n0.0\n0.0\n2.5\n0.0\n72.0\n8.3\n19.3\n23.6\n125.7\n Mar\n0.0\n0.4\n0.1\n0.0\n0.1\n1.5\n0.0\n0.0\n2.1\n0.0\n73.3\n8.2\n18.5\n23.4\n125.5\n Apr\n0.0\n0.3\n0.1\n0.0\n0.1\n0.2\n0.0\n0.0\n0.6\n0.0\n66.7\n0.0\n10.3\n21.3\n98.9\n May\n0.0\n0.4\n0.0\n0.0\n0.0\n0.2\n0.0\n0.0\n0.6\n0.0\n67.9\n0.0\n9.6\n21.2\n99.3\n Jun\n0.0\n0.3\n0.0\n0.0\n0.0\n0.4\n0.0\n0.0\n0.7\n0.0\n68.1\n0.0\n9.7\n21.1\n99.6\n Jul\n0.0\n0.2\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n67.8\n0.0\n9.2\n21.0\n100.0\n Aug\n0.0\n0.1\n1.8\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n60.0\n0.0\n9.3\n28.1\n99.4\n Sep\n0.0\n0.1\n2.2\n0.0\n0.0\n0.2\n0.0\n0.0\n2.5\n0.0\n59.2\n0.0\n9.2\n28.0\n98.9\n Oct\n0.0\n0.1\n2.1\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n59.4\n0.0\n9.1\n27.8\n98.8\n Nov\n0.0\n0.1\n2.0\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n58.5\n0.0\n9.5\n20.6\n91.0\n Dec\n0.0\n0.1\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n1.9\n0.0\n59.8\n0.0\n9.4\n20.5\n91.6\n2016\n Jan\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n60.7\n0.0\n9.3\n20.3\n92.5\n Feb\n0.0\n0.1\n0.9\n1.1\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n61.6\n0.0\n9.2\n20.2\n93.2\n Mar\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n62.0\n0.0\n9.3\n20.1\n93.6\n Apr\n0.0\n0.2\n0.7\n1.1\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n62.3\n0.0\n9.4\n19.9\n93.8\n May\n0.0\n0.1\n0.9\n1.2\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n62.7\n0.0\n9.3\n19.8\n94.2\nSource:Reserve Bank of Zimbabwe, 2016\nUS$ Millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \nMONTHLY ECONOMIC REVIEW \n24 \n \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\n Feb\n38.4\n40.4\n0.0\n78.7\n11.7\n0.0\n0.0\n-48.7\n8.3\n75.6\n125.7\n78.7\n Mar\n68.6\n12.1\n0.0\n80.7\n12.0\n0.0\n0.0\n-50.7\n8.2\n75.2\n125.5\n80.7\n Apr\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-27.5\n0.0\n62.4\n98.9\n63.9\n May\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-28.8\n0.0\n64.2\n99.3\n63.9\n Jun\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-28.9\n0.0\n65.6\n99.6\n62.9\n Jul\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-27.8\n0.0\n64.8\n100.0\n62.9\n Aug\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-14.9\n0.0\n51.3\n99.4\n62.9\n Sep\n62.2\n0.0\n0.0\n62.2\n0.0\n0.0\n0.0\n-15.3\n0.0\n52.0\n98.9\n62.2\n Oct\n61.9\n0.0\n0.0\n61.9\n0.0\n0.0\n0.0\n-16.4\n0.0\n53.2\n98.8\n61.9\n Nov\n58.8\n0.0\n0.0\n58.8\n0.0\n0.0\n0.0\n-20.2\n0.0\n52.5\n91.0\n58.8\n Dec\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-20.1\n0.0\n53.2\n91.6\n58.5\n2016\n Jan\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-18.8\n0.0\n52.9\n92.5\n58.5\n Feb\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.4\n0.0\n54.3\n93.2\n58.3\n Mar\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-20.1\n0.0\n55.3\n93.6\n58.3\n Apr\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.5\n0.0\n55.0\n93.8\n58.3\n May\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-20.2\n0.0\n56.0\n94.2\n58.4\nSource:Reserve Bank of Zimbabwe, 2016\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n25 \n \n \n \n \n \nForeign\nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nBond\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nCoins\nat Banks\nBanks\nBills\n2015\nJan\n0.1\n37.3\n196.0\n0.0\n0.1\n51.8\n0.0\n307.1\n0.0\n511.6\n172.1\n105.8\n126.1\n1,222.6\n \nFeb\n0.1\n32.1\n244.4\n0.0\n0.1\n51.9\n0.0\n328.6\n0.0\n522.9\n176.2\n106.8\n125.8\n1,260.2\n \nMar\n0.1\n52.4\n214.4\n0.0\n0.1\n52.0\n0.0\n319.0\n0.0\n508.7\n180.0\n122.5\n125.5\n1,255.5\n \nApr\n0.1\n32.5\n243.2\n0.0\n0.1\n60.4\n0.0\n336.3\n0.0\n520.2\n182.5\n118.3\n124.8\n1,282.0\n \nMay\n0.1\n33.6\n257.7\n0.0\n0.1\n60.1\n0.0\n351.5\n0.0\n448.7\n235.1\n137.5\n125.2\n1,298.0\n \nJun\n0.2\n59.6\n204.9\n0.0\n0.1\n60.1\n0.0\n324.8\n0.0\n464.9\n231.9\n139.4\n122.0\n1,283.0\n \nJul\n0.2\n51.6\n205.5\n0.0\n0.1\n62.9\n0.0\n320.2\n0.0\n461.5\n230.6\n133.9\n121.9\n1,268.2\n \nAug\n0.1\n53.0\n158.9\n0.0\n0.1\n76.2\n0.0\n288.4\n0.0\n482.9\n228.4\n136.0\n122.2\n1,257.9\n \nSep\n0.1\n55.4\n161.7\n0.0\n0.1\n76.0\n0.0\n293.3\n0.0\n480.4\n263.4\n125.8\n122.1\n1,285.0\n \nOct\n0.1\n45.2\n229.1\n0.0\n0.1\n76.0\n0.0\n350.5\n0.0\n494.0\n265.1\n126.0\n122.8\n1,358.4\n \nNov\n0.1\n43.6\n256.8\n0.0\n0.1\n76.1\n0.0\n376.7\n0.0\n292.0\n479.3\n131.8\n121.1\n1,400.9\n \nDec\n0.1\n27.3\n284.0\n0.0\n0.0\n76.6\n0.0\n387.9\n0.0\n317.4\n470.4\n114.7\n118.4\n1,408.8\n \n2016\nJan\n0.1\n17.4\n227.8\n10.0\n0.0\n76.6\n0.0\n331.9\n0.0\n326.9\n415.3\n145.6\n119.7\n1,339.4\n \nFeb\n0.2\n13.9\n253.5\n0.0\n0.0\n65.6\n0.0\n333.2\n0.0\n324.4\n420.2\n148.4\n119.6\n1,345.8\n \nMar\n0.2\n20.8\n266.6\n0.0\n0.0\n48.3\n0.0\n335.9\n0.0\n339.6\n399.4\n142.9\n119.4\n1,337.2\n \nApr\n0.2\n9.5\n213.7\n0.0\n0.0\n90.9\n0.0\n314.2\n0.0\n332.5\n402.2\n143.6\n119.2\n1,311.8\n \nMay\n0.1\n7.1\n220.3\n0.0\n0.0\n93.3\n0.0\n320.8\n0.0\n404.6\n341.0\n149.9\n122.9\n1,339.2\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n26 \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1,222.6\n \n770.2\nFeb\n405.8\n400.3\n806.2\n53.6\n98.3\n272.9\n29.2\n1,260.2\n \n806.2\nMar\n408.1\n386.3\n794.4\n50.8\n108.8\n275.8\n25.8\n1,255.5\n \n794.4\nApr\n464.1\n364.8\n828.9\n48.3\n99.4\n276.8\n28.7\n1,282.0\n \n828.9\nMay\n472.0\n391.6\n863.6\n48.5\n87.4\n270.7\n27.8\n1,298.0\n \n863.6\nJun\n492.9\n343.9\n836.8\n48.3\n94.0\n272.9\n31.1\n1,283.0\n \n836.8\nJul\n458.3\n370.6\n828.9\n48.5\n85.8\n277.4\n27.5\n1,268.2\n \n828.9\nAug\n438.4\n386.1\n824.5\n47.6\n73.2\n282.7\n29.9\n1,257.9\n \n824.5\nSep\n498.9\n334.3\n833.2\n43.5\n84.9\n288.4\n35.0\n1,285.0\n \n833.2\nOct\n465.3\n428.4\n893.7\n42.4\n99.0\n293.6\n29.7\n1,358.4\n \n893.7\nNov\n446.1\n474.4\n920.4\n42.4\n104.3\n297.7\n36.0\n1,400.9\n \n920.4\nDec\n480.5\n463.9\n944.4\n43.0\n99.4\n293.3\n28.8\n1,408.8\n \n944.4\n2016\nJan\n447.7\n443.1\n890.7\n43.3\n74.7\n298.3\n32.3\n1,339.4\n \n890.7\nFeb\n446.8\n441.8\n888.6\n42.3\n81.6\n301.9\n31.5\n1,345.8\n \n888.6\nMar\n433.3\n449.5\n882.8\n37.0\n81.7\n289.7\n46.0\n1,337.2\n \n882.8\nApr\n495.3\n380.6\n875.9\n36.9\n75.1\n290.1\n33.9\n1,311.8\n \n875.9\nMay\n455.3\n403.8\n859.2\n36.2\n77.7\n320.7\n45.5\n1,339.2\n \n859.2\nSource:Reserve Bank of Zimbabwe, 2016\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ Millions \nAmounts Owing to\n \n \n27 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \n \n \n \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$)\nVolume of Shares\nUS$ Millions\n2015\nJan\n164.9\n58.1\n16,062,740.8\n57,390,451\n4,365.1\nFeb\n167.2\n55.4\n34,775,616.2\n119,324,114\n4,353.4\nMar\n158.2\n43.9\n18,903,881.0\n405,884,918\n4,117.1\nApr\n156.2\n42.9\n29,188,562.0\n563,833,853\n4,066.1\nMay\n153.0\n44.5\n23,280,422.2\n290,320,685\n3,978.1\nJun\n148.4\n44.3\n14,514,679.0\n80,441,278\n3,803.8\nJul\n145.4\n39.4\n20,419,108.0\n157,184,218\n3,812.7\nAug\n135.4\n35.3\n15,344,249.0\n76,187,436\n3,552.0\nSep\n131.9\n24.4\n18,202,232.0\n105,678,504\n3,444.5\nOct\n130.8\n23.6\n12,864,086.0\n63,758,585\n3,416.1\nNov\n117.6\n22.3\n8,947,586.0\n90,417,554\n3,141.7\nDec\n114.9\n23.7\n16,360,451.6\n183,792,940\n3,073.4\n2016\nJan\n103.0\n19.5\n10,399,904.0\n61,882,757\n2,790.4\nFeb\n99.4\n19.1\n15,556,983.0\n95,020,938\n2,692.3\nMar\n97.6\n19.4\n16,428,571.0\n97,601,725\n2,645.1\nApr\n105.8\n20.2\n14,026,917.0\n187,848,946\n2,862.6\nMay\n104.7\n25.5\n13,868,486.0\n99,055,230\n2,881.3\nSource:Zimbabwe Stock Exchange (ZSE),2016\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \nMONTHLY ECONOMIC REVIEW \n28 \n \n \n \n \n \nCommercial\nBuilding \nEnd of\nBanks\nP.O.S.B.\nSocieties\nTOTAL\n2015\nJan\n1,557.9\n86.3\n770.2\n2,455.2\nFeb\n1,487.7\n90.4\n806.2\n2,384.2\nMar\n1,453.7\n93.6\n794.4\n2,353.9\nApr\n1,573.3\n90.4\n828.9\n2,492.6\nMay\n1,630.6\n89.2\n863.6\n2,583.4\nJun\n1,615.4\n95.1\n836.8\n2,547.3\nJul\n1,622.2\n92.4\n828.9\n2,543.5\nAug\n1,514.0\n93.1\n824.5\n2,431.5\nSep\n1,616.2\n101.3\n833.2\n2,550.7\nOct\n1,577.1\n97.5\n893.7\n2,568.3\nNov\n1,499.5\n100.0\n920.4\n2,520.0\nDec\n1,542.0\n94.4\n944.4\n2,580.8\n2016\nJan\n1,511.0\n99.6\n890.7\n2,501.3\nFeb\n1,531.3\n99.2\n888.6\n2,519.2\nMar\n1,573.4\n99.6\n882.8\n2,555.8\nApr\n1,599.9\n103.9\n875.9\n2,579.7\nMay\n1,549.8\n106.1\n859.2\n2,515.1\nSource:Reserve Bank of Zimbabwe, 2016\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n29 \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2015\nJan\n1,581.9\n1,084.2\n497.7\n2.0\n24.0\n-22.0\nFeb\n1,524.2\n1,070.2\n454.0\n2.5\n23.6\n-21.2\nMar\n1,543.8\n1,077.9\n465.9\n2.1\n24.2\n-22.1\nApr\n1,528.6\n1,101.6\n427.0\n0.6\n19.2\n-18.6\nMay\n1,779.2\n1,128.7\n650.4\n0.6\n19.2\n-18.5\nJun\n1,962.4\n1,148.6\n813.8\n0.7\n18.9\n-18.2\nJul\n1,900.7\n1,136.6\n764.1\n2.0\n18.9\n-16.9\nAug\n1,925.3\n1,134.2\n791.0\n2.0\n18.9\n-16.9\nSep\n1,949.4\n1,167.9\n781.6\n2.5\n18.6\n-16.1\nOct\n1,964.9\n1,151.1\n813.8\n2.4\n18.6\n-16.2\nNov\n1,924.9\n1,192.6\n732.2\n2.4\n17.6\n-15.3\nDec\n2,087.6\n1,216.3\n871.3\n1.9\n17.6\n-15.6\n2016\nJan\n2,133.5\n1,222.1\n911.4\n2.2\n17.6\n-15.4\nFeb\n2,190.7\n1,223.1\n967.6\n2.3\n17.5\n-15.2\nMar\n2,295.4\n1,268.1\n1,027.2\n2.3\n17.5\n-15.2\nApr\n2,385.4\n1,282.6\n1,102.8\n2.2\n17.5\n-15.3\nMay\n2,443.6\n1,294.3\n1,149.3\n2.4\n17.5\n-15.1\nSource:Reserve Bank of Zimbabwe, 2016\n1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed from 20% to 25% of liabilities to the public. \nUS$ Millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \nMONTHLY ECONOMIC REVIEW \n30 \n \n \n \n \n \n \n \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE INTERNET\n2015\nJan\n 3,659.0 \n11.8\n154.4\n311.9\n352.2\n113.5\nFeb\n 3,221.1 \n13.7\n141.8\n275.8\n334.6\n104.6\nMar\n 3,802.0 \n11.1\n132.0\n298.3\n364.7\n111.7\nApr\n 3,919.5 \n10.8\n134.0\n299.7\n341.2\n112.4\nMay\n 3,467.1 \n13.1\n128.8\n316.7\n390.0\n124.5\nJun\n 3,014.7 \n15.4\n123.5\n333.7\n438.7\n136.6\nJul\n 4,010.3 \n12.6\n154.6\n332.4\n391.0\n128.6\nAug\n 3,299.1 \n11.4\n193.4\n313.2\n391.2\n133.6\nSep\n3,762.7\n \n12.9\n131.9\n318.8\n396.3\n396.3\nOct\n 3,964.5 \n11.8\n149.4\n334.9\n434.7\n151.0\nNov\n 3,551.4 \n12.0\n130.2\n347.7\n417.0\n154.4\nDec\n 4,167.9 \n11.0\n146.6\n411.3\n477.5\n213.3\n2016\nJan\n 3,385.9 \n11.1\n137.4\n331.5\n388.9\n167.7\nFeb\n 3,448.2 \n11.9\n138.8\n312.1\n389.3\n167.9\nMar\n 3,460.2 \n11.3\n142.1\n288.8\n417.1\n255.9\nApr\n 3,564.3 \n9.7\n180.1\n247.6\n427.3\n168.3\nMay\n 3,869.2 \n10.8\n214.8\n203.3\n479.9\n217.9\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ millions)\n \n \nMONTHLY ECONOMIC REVIEW \n31 \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2015\nJan\n170.8\n29.55\n 1,174.1 1,124.5 16,903.3 \n37.6\nFeb\n172.3\n32.23\n 1,140.9 1,027.9 16,160.4 \n39.9\nMar\n191.6\n30.33\n 1,183.6 1,110.2 18,211.9 \n44.5\nApr\n180.3\n26.98\n 1,151.3 1,107.5 17,269.7 \n43.6\nMay\n179.8\n27.38\n 1,052.5 1,123.8 18,684.6 \n43.2\nJun\n196.4\n31.85\n 1,121.2 1,038.2 17,478.2 \n47.2\nJul\n199.1\n34.00\n 1,288.2 1,167.4 18,670.4 \n49.4\nAug\n153.1\n28.05\n 1,373.5 1,122.2 19,750.6 \n46.5\nSep\n164.3\n31.15\n 1,196.9 1,103.9 19,133.2 \n50.4\nOct\n156.4\n30.78\n 1,295.0 1,152.8 22,166.4 \n54.0\nNov\n143.4\n32.19\n 1,206.2 1,151.3 21,390.2 \n51.3\nDec\n155.0\n27.25\n 1,359.9 1,183.6 22,904.3 \n52.6\nAnnual Total 2,062.6 \n361.73\n 14,543.3 13,413.3 228,723.3 \n560.2\n2016\nJan\n132.3\n24.6\n1328.9\n1104.4\n 19,956.1 \n49.9\nFeb\n148.4\n30.3\n1289.5\n1067.1\n 19,793.7 \n54.6\nMar\n152.5\n29.6\n1455.7\n962.9\n 21,731.5 \n61.9\nApr\n161.7\n25.0\n1962.6\n841.3\n 21,086.6 \n59.9\nMay\n199.3\n29.1\n2779.9\n675.8\n 23,293.0 \n83.2\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL \nVolumes of Transactions (in thousands)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/May2016.pdf"}

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+{"doc_id": "18e8ef98212eb2909139af35c17c2d00", "text": "i \n \n \n \n \n \n \n \nSEPTEMBER 2019 \n \n1 \n \nTABLE OF CONTENTS \n \n \nSELECTED ECONOMIC INDICATORS ................................................................................. 2 \nINTERNATIONAL COMMODITY PRICE DEVELOPMENTS ........................................... 3 \nMERCHANDISE TRADE DEVELOPMENTS ...................................................................... 4 \nSTOCK MARKET DEVELOPMENTS ..................................................................................... 8 \nINFLATION OUTTURN ............................................................................................................. 9 \nMonthly Inflation ...................................................................................................................... 9 \n \nNATIONAL PAYMENTS SYSTEM .......................................................................................... 9 \n \n \n \n \n \n \n \n \n2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSources: \n1. Zimbabwe National Statistics Agency. \n2. Reserve Bank of Zimbabwe. \n3. Zimbabwe Stock Exchange. \n \n2019 \n \nAugust \n2019 \n \nSeptember \nMonth-on- \nMonth Change \n(%) \nMonthly Inflation1 (%) \n18.07 \n17.72 \n- \n \nNational Payment System Transactions2 \n(ZWL$ billions) \n41,44 \n55,14 \n33.10 \nMoney Supply2 ($ millions) \n19,694.07 \n \n23,551.73 \n \n19.59 \nMoney Supply (M3) Annual Growth2 (%) \n107.37 \n \n139.79 \n \n- \nNominal Lending Rate2 \n(% per annum) \n4.00-22.00 \n4.00-22.00 \n- \nZ.S.E All share Index3 \n166.36 \n232.52 \n39.77 \n \nZ.S.E. Mining Index3 \n269.55 \n218.09 \n-19.09 \n \nZ.S.E. Industrial Index3 \n553.59 \n774.55 \n39.91 \n \nSELECTED ECONOMIC INDICATORS \n \n \n \n3 \n \nINTERNATIONAL COMMODITY PRICE \nDEVELOPMENTS \n \n \nDuring the month of September 2019, the \ninternational commodity prices for gold, \nplatinum, nickel, copper and crude oil registered \nincreases. \n \n Precious Metals \nPrecious metal prices increased, on the back of \na strong safe haven demand outlook. This was \nunderpinned by rising political uncertainty in \nthe US, stemming from the impeachment \ninquiry for the US President. In addition, weak \neconomic data from the euro zone stoked global \nrecession fears and bolstered the demand for \nprecious metals. \n \nAgainst this backdrop, gold and platinum prices \nfirmed by 0.9% and 9.9%, to close at monthly \naverages of US$1,511.27/oz and US$944.14/oz, \nrespectively, during the month under review. \n \n \n \n \n \n \n \nFigure 1: Precious metal prices (US$/oz.) \nSource: Bloomberg, 2019 \n \n \nBase metals \n \nCopper prices rebounded during the month \nunder review, amid rising expectations for a \npossible breakthrough in the on-going US-\nChina trade talks. This followed reports that the \nUS had agreed to delay hiking tariffs on Chinese \nimports. \n \nThe gains in copper prices were, however, \ndampened by slowing global demand, amid \nsigns of weak industrial data of the Chinese \neconomy. Consequently, copper price increased \nmarginally by 0.6%, to close the month at an \naverage of US$5,750.61 per tonne, from \nUS$5,714.23 per tonne in August 2019. \n \nNickel prices sustained a bullish run, amid fears \nof \nshortages, \nfollowing \nIndonesia’s \nannouncement of a ban on ore exports, starting \nfrom January 2020. Resultantly, prices rose by \n12.3%, from US$15,717.43 per tonne in August \n2019 to 17,654.50 per tonne, during the month \nunder review. \n \n \nFigure 2: Base metal prices (US$/ton) \nSource: Bloomberg, 2019 \n600\n700\n800\n900\n1000\n1100\n1200\n1300\n1400\n1500\n1600\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\nUS$/oz.\nGold\nPlatinum\n5,000\n7,000\n9,000\n11,000\n13,000\n15,000\n17,000\n19,000\n4,000\n4,500\n5,000\n5,500\n6,000\n6,500\n7,000\n7,500\nSep-18\nNov-18\nJan-19\nMar-19\nMay-19\nJul-19\nSep-19\nNickel US$/ton\nCopper US$/ton\nCopper\nNickel (RHS)\n \n \n \n4 \n \n Brent Crude Oil \nBrent crude oil prices surged during the month \nunder analysis, on account of signs of declining \ncrude oil inventories in the US, the world’s \nlargest oil consumer. Furthermore, investor \nexpectations for further production cuts by the \nOrganization of Petroleum Exporting Countries \nin 2020, also boosted crude oil prices. \nConsequently, prices firmed by 5.0%, from a \nmonthly average of US$59.73 per barrel in the \nprevious month, to US$62.74 per barrel in \nSeptember 2019. \n \nFigure 3: International crude oil prices \n(US$/barrel) \n \nSource: Bloomberg, 2019 \n \nMERCHANDISE TRADE \nDEVELOPMENTS \n \nThe country’s total merchandise trade increased \nby 7.2%, from US$729.9 million in August \n2019 to US$782.2 million in September 2019. \nThis was driven by increases in both \nmerchandise exports and imports. \n \nMerchandise Exports \nMonthly merchandise exports increased by \n9.5% to US$378.4 million in September 2019. \nThis followed increases in export earnings from \nflue cured tobacco (41.0%); nickel ores & \nconcentrates (31.8%); and gold (7.7%). \nFigure 4: Merchandise Exports (US$ m) \n \nSource: ZIMSTAT, 2019 \n \nThe country’s export basket continued to be \nbiased towards primary commodities, with gold, \nnickel and flue-cured tobacco contributing \nabout 72.0% of the country’s export earnings, \nduring the period under review. \n \n \n \n \n \n \n40\n45\n50\n55\n60\n65\n70\n75\n80\n85\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\nUS$/barrel\n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\n \n \n \n5 \n \nTable 1: Exports Classified by Harmonised \nCommodity Description and Code System \nCommodity \nAug-19 \nSep-19 \nSept \nShare \nof Total \n(%) \nSemi-\nmanufactured gold \n117.9 \n126.9 \n33.5 \n*Nickel ores \n&concentrates1 \n72.6 \n95.7 \n25.3 \nFlue-cured \ntobacco \n35.5 \n50.0 \n13.2 \nOther articles & \nparts of precious \nmetals \n16.3 \n16.0 \n4.2 \nFerro-chromium \n17.3 \n15.1 \n4.0 \nIndustrial \ndiamonds \n19.6 \n13.9 \n3.7 \nChromium \nores \nand concentrates \n3.7 \n5.8 \n1.5 \n*Unwrought \nplatinum1 \n4.7 \n4.5 \n1.2 \nCane sugar \n6.2 \n3.4 \n0.9 \nMacadamia nuts \n3.7 \n3.3 \n0.9 \nOther \n48.1 \n43.7 \n11.6 \nTotal \n345.5 \n378.4 \n100.0 \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nThe country’s exports were destined for South \nAfrica, 41.1%; United Arab Emirates, 27.1%; \nMozambique, 8.1%; Swaziland, 1.6%; and \nZambia, 1.4%; Hong Kong, 0.7%; China, and \nKenya, 0.6%, during the month under review. \n \n \n \n \n \n \n1 Nickel ores and concentrates, nickel mattes and \nunwrought platinum are components of the platinum \ngroup of metals (PGMs). \nFigure 5: Top Ten Merchandise Export \nDestinations (% Share) \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nMerchandise Imports \nMerchandise imports rose by 5.0% to US$403.7 \nmillion in September 2019, from US$384.4 \nmillion in August 2019. The increase was \nlargely on account of higher imports of diesel, \nfertilizers, medicines and electricity, as shown \nin Table 2. \n \n41.1%\n27.1%\n8.3%\n1.4%\n1.4%\n0.9%\n0.7%\n0.6%\n0.6%\n0.4%\nSouth Africa\nUnited Arab Emirates\nMozambique\nSwaziland\nZambia\nBotswana\nHong Kong\nKenya\nChina\nNamibia\n \n \n \n6 \n \nTable 2: Imports Classified by Harmonised \nCommodity Description and Code System \nCommodity \nAug \nUS$ m \nSept \nUS$ m \nShare of \nTotal \nImports \n(%) \nDiesel \n57.5 \n71.8 \n17.8 \nUnleaded petrol \n26.0 \n25.4 \n6.3 \nMedicines \n12.3 \n16.8 \n4.2 \nElectricity \n12.9 \n13.9 \n3.4 \nFertiliser \nChemicals \n0.8 \n11.2 \n2.8 \nDurum wheat \n7.2 \n6.4 \n1.6 \nRice \n3.0 \n4.6 \n1.1 \nMaize (Exluding \nseed) \n1.5 \n4.0 \n1.0 \nCrude soya bean \noil \n4.8 \n3.5 \n0.9 \nRoad \ntractors \n(semi-trailers) \n6.0 \n3.3 \n0.8 \nOther \n252.5 \n242.8 \n60.1 \nTotal \n384.4 \n403.7 \n100 \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nThe country’s import sources largely comprised \nof South Africa (40.2%); Singapore (23.2%); \nChina (7.6%); India (4.4%) and Mauritius \n(3.6%), as shown in Figure 6. \nFigure 6: Top Ten Merchandise Import \nSources (% Share) \n \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nMerchandise Trade Balance \nThe merchandise trade developments resulted in \nthe narrowing of the trade balance by 34.9%, \nfrom -US$38.9 million in August 2019 to \n-US$25.3 million in September 2019. \nFigure 7: Merchandise Trade Balance \n(US$ m) \nSource: ZIMSTAT, 2019 & RBZ Computations, 2019 \n \n40.2%\n23.2%\n7.6%\n4.4%\n3.6%\n2.4%\n2.1%\n1.9%\n1.6%\n1.3%\nSouth Africa\nSingapore\nChina\nIndia\nMauritius\nUnited Arab Emirates\nZambia\nUnited Kingdom\nMozambique\nDenmark\n-400.0\n-200.0\n0.0\n200.0\n400.0\n600.0\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\nExports\nImports\nTrade Balance\n \n \n \n7 \n \nMONETARY DEVELOPMENTS2 \nThe annual broad money3 growth rate stood at \n139.79% in September 2019, an increase of \n32.42 \npercentage \npoints, \nfrom \n107.37% \nrecorded in August 2019. This was largely \nreflected in increases in negotiable certificates \nof deposits (NCDs), followed by transferable \ndeposits, currency in circulation and other \ndeposits. \nFigure 8: Broad Money in Levels and \nGrowth Rates \nSource: Reserve Bank of Zimbabwe, 2019 \n \nCredit to government registered an annual \ngrowth of 39.43% in September 2019, compared \nto 40.23% in August 2019. Annual growth in \ncredit to the private sector stood at 76.74%, up \nfrom 63.75% in August 2019 \n \n2 All monetary numbers valued in Z$ since the adoption \nof an interbank market determined exchange rate in \nFebruary 2019. \n3 From November 2017, broad money adjusted by a \nreclassification of lines of credit that were incorrectly \nOn a month-on-month basis, broad money \nregistered an increase of 19.59% to Z$23.55 \nbillion, from Z$19.69 billion in August 2019. \nThe largest component of broad money was \ntransitory or transferable deposits in domestic \ncurrency, which constituted 47.21% of total \ndeposits, followed by foreign currency deposits \nat 41.86%, as shown in Figure 9. \nFigure 9: Composition of Money Supply \n \nSource: Reserve Bank of Zimbabwe, 2019 \nThe large share of foreign currency deposits, \nhowever, partly reflects revaluation due to \nexchange rate movements. \nAs at end September 2019, the sectoral \ndistribution of private sector credit was as \nclassified as deposits included in broad money. This \nreduced the stock of money and at the same time reducing \nthe net foreign assets of other depository corporations. \n0\n20\n40\n60\n80\n100\n120\n140\n160\n -\n 5\n 10\n 15\n 20\n 25\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\n%\n$ Billions\nM3\nM3 Annual Growth rate\nLocal \nCurrency \nTranseferab\nle deposits\n47.21%\nForeign \nCurrency \nDeposits\n41.86%\nTime \nDeposits\n7.06%\nCurrency in \nCirculation\n2.94%\nNCDs\n0.93%\n \n \n \n8 \n \nfollows: \nfinancial \norganisations, \n22.68%; \nagriculture, 21.64%; households, 15.75%; \ndistribution, \n \n11.86%; \nservices, \n9.32%; \nmanufacturing, 8.17%; and mining, 7.64%, as \nshown in Figure 10. \n \nFigure 10: Distribution of Private Sector \nCredit \n \nSource: Reserve Bank of Zimbabwe, 2019 \nPrivate sector borrowing was utilised mainly for \nrecurrent expenditures, 43.92%; inventory \nbuild-up, 21.36%; consumer durables, 14.42%; \nfixed capital investment, 14.30%; and pre and \npost shipment financing, 6.00%. \nSTOCK MARKET DEVELOPMENTS \n \nThe Zimbabwe Stock Exchange (ZSE) was \ncharacterized by bullish sentiment in September \n2019. Accordingly, the All Share and Top 10 \nindices increased by 66.16 and 70.03 points to \nclose at 232.52 and 218.09 points, respectively \nin the month under analysis. \n \nFigure 11: Zimbabwe Stock Exchange All \nShare and Top 10 Indices \nSource: Zimbabwe Stock Exchange, 2019 \n \nThe industrial and mining indices increased by \n39.91% and 17.88%, to close the month under \nanalysis \nat \n774.55 \nand \n317.75 \npoints, \nrespectively. \n \nOn a year-on-year basis, the industrial and \nmining indices grew by 100.16% and 96.03%, \nfrom 386.97 and 163.76 points recorded in \nSeptember 2018, respectively. \n \nFigure 12: Zimbabwe Stock Exchange \nIndices \nSource: Zimbabwe Stock Exchange, 2019 \nHouseholds\n15.75%\nAgriculture\n21.64%\nMining\n7.64%\nManufacturing\n8.17%\nDistribution\n11.86%\nConstruction\n1.60%\nTransport \n&Communi\ncations\n1.26%\nServices\n9.32%\nFinancial \nOrg.&Inves\ntments\n22.68%\nOther\n0.09%\n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n40.00\n90.00\n140.00\n190.00\n240.00\n290.00\n30-Sep-18\n31-Oct-18\n30-Nov-18\n31-Dec-18\n31-Jan-19\n28-Feb-19\n31-Mar-19\n30-Apr-19\n31-May-19\n30-Jun-19\n31-Jul-19\n31-Aug-19\n30-Sep-19\nTop 10 Index\nAll Share Index\nAll Share Index\nTop 10 Index\n0\n50\n100\n150\n200\n250\n300\n350\n0\n100\n200\n300\n400\n500\n600\n700\n800\n900\nMining Index Points\nIndustrial Inedx Points\nIndustrial\nMining\n \n \n \n9 \n \nThe volume of shares traded on the ZSE \nincreased by 184.97%, to close at 335.37 million \nshares in September 2019. In tandem, the value \nof shares traded also increased by 52.77%, to \n$166.56 million in the same month. \n \nFigure 13: ZSE Monthly Volumes and Values \nTraded \nSource: Zimbabwe Stock Exchange, 2019 \n \nZSE \nmarket \ncapitalization \nincreased \nby \n$8.78 billion, to close at $30.53 billion in \nSeptember 2019. Year-on-year, ZSE market \ncapitalization increased by $18.26 billion, from \n$12.26 billion recorded in September 2018. \nINFLATION OUTTURN \n \n \nMonthly Inflation \n \nMonthly inflation, which has been on a \ndownward trend since June 2019, decelerated \nfurther to 17.72% in September 2019, from \n18.07% in August 2019. This was underpinned \nby the decline in non-food inflation. \n \nNon-food inflation stood at 16.63% in \nSeptember 2019, down from 17.78% in August \n2019. This was, in part, underpinned by \nincreases in transport; and alcoholic beverages \nand tobacco. \n \nMonthly food inflation, however, accelerated \nfrom 18.54% in August, to 19.54% in \nSeptember 2019, on account of increases in \nbread and cereals, meat, vegetables and oils and \nfats prices. Prices of bread and mealie-meal \nsurged, largely as a result of shortages of wheat \nand maize grain, respectively. Meat product \nprices also registered increases, particularly \npork and poultry, due to the rise in the cost of \nstock feed. \n \nFigure 14: Month-on-Month Inflation (%) \n \nSource: ZIMSTAT, 2019 \n \n \nNATIONAL PAYMENTS SYSTEM \n \n \n \n \nDuring the month of September 2019, \ntransactions processed through the National \nPayment System (NPS) increased by 33.1% to \nZ$55.14 billion, from Z$41.44 million recorded \nin August 2019. NPS transaction volumes rose \nby 10.5%, from 204.4 million in August 2019 to \n227 million in September 2019. \n \n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\n0\n100\n200\n300\n400\n500\n600\n700\n800\n900\n1,000\n1,100\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\nValues Traded ($ millions)\nVolumes Traded (milions)\nVolume\nTurnover\n-0.50\n4.50\n9.50\n14.50\n19.50\n24.50\n29.50\n34.50\n39.50\n44.50\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\n \n \n \n10 \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through the \nRTGS system increased by 28.5% to close at \nZ$30.33 billion in September 2019, from \nZ$23.6 billion registered in August 2019. RTGS \ntransaction volumes registered an increase of \n15, 8%, from 872,906 to 1,010,701 transactions, \nduring the same period. \n \nFigure 15: ZETSS Volumes and Values \n \nSource: Reserve Bank of Zimbabwe, 2019 \n \nCash transactions \n \nThe value of cash based transactions stood at \nZ$1,278,75 million in September 2019, a 22% \nincrease from Z$1,046.71 million worth of \ntransactions recorded in August 2019. \nMobile and Internet Based Transactions \nMobile \nand \ninternet-based \ntransactions \nincreased by 40.34%, to close at Z$20.45 \nbillion, during the month of September 2019. \n \nCard Based Transactions \nCard based transactions amounted to Z$3.08 \nbillion in September 2019, up from Z$2.22 \nbillion in August 2019. \nCheque Transactions \nCheque transactions increased from Z$2.3 \nmillion in August 2019, to Z$3.80 million in \nSeptember 2019. \n \nNOVEMBER 2019 \nRESERVE BANK OF ZIMBABWE \n -\n 5.0\n 10.0\n 15.0\n 20.0\n 25.0\n 30.0\n0\n200\n400\n600\n800\n1000\n1200\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nValue in $ Billions\nVolume in Thousands\nVolume\nValue\n \n11 \n \nStatistical Tables \n \nMonetary Statistics \n 1. Depository Corporations Survey \n \n \n \n13 \n 2. Central Bank Survey \n \n \n \n \n \n \n14 \n \n3. Other Depository Corporations Survey \n \n \n \n \n15 \n Other Depository Corporations \n \n4.1 Assets \n \n \n \n \n \n \n \n16 \n 4.2 Liabilities \n \n \n \n \n \n \n \n17 \n Commercial Banks \n 5.1 Assets \n \n \n \n \n18 \n 5.2 Liabilities \n \n \n \n19 \n Building Societies \n 6.1 Assets \n \n \n \n \n \n \n20 \n 6.2 Liabilities \n \n \n \n \n \n21 \n Sectoral Analysis of Bank Loans and Advances and Deposits \n \n7.1 Sectoral Analysis of Commercial Banks Loans and Advances \n22 \n \n7.2 Sectoral Analysis of Commercial Banks Deposits \n \n \n23 \n Interest Rates \n \n8.1 Lending Rates \n \n \n \n \n \n \n \n24 \n \n8.2 Banks Deposit Rates \n \n \n \n \n \n \n25 \n \n Inflation \n \n9.1 Monthly Inflation \n \n \n \n \n \n \n26 \n \n9.2 Yearly Inflation \n \n \n \n \n \n \n \n27 \n External Statistics \n \n10. Total External Debt Outstanding by Debtor \n \n \n \n28 \n 11. Exchange Rates \n \n \n \n \n \n \n \n29 \n \n \n \n \n \n12 \n \n12. Zimbabwe Stock Market Statistics \n \n \n \n \n 30 \n \n 13. National Payments System Statistics \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n 31 \n \n13.2 Volumes of Transactions \n \n \n \n \n 32 \n \n14. Merchandise Trade Statistics \n \n \n \n \n \n 33 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13 \n \n \nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\nNet Foreign Assets\n-1,815,294.15\n-1,728,377.38\n-1,725,207.58\n-1,877,294.72\n-1,895,402.31\n-4,424,467.92\n-5,983,620.49\n-6,229,030.67\n-10,196,485.70\n-12,704,437.39\n-19,915,608.51\n-23,599,341.26\n-33,219,232.58\nCentral Bank(net)\n-1,555,285.99\n-1,455,053.24\n-1,541,066.06\n-1,758,219.23\n-1,787,515.46\n-4,676,973.98\n-6,110,320.34\n-6,759,543.60\n-11,356,605.80\n-14,602,968.79\n-23,287,056.52\n-27,352,064.33\n-39,349,960.03\nForeign Assets\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n282,271.43\n853,285.31\n996,604.88\n931,294.24\n2,416,356.86\n2,917,765.26\n3,402,652.93\n4,334,171.18\n6,464,247.45\nForeign Liabilities\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\n5,530,259.29\n7,106,925.22\n7,690,837.84\n13,772,962.65\n17,520,734.04\n26,689,709.45\n31,686,235.51\n45,814,207.48\nOther Depository Corporations(net)\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\n252,506.07\n126,699.85\n530,512.93\n1,160,120.10\n1,898,531.40\n3,371,448.01\n3,752,723.07\n6,130,727.45\nForeign Assets\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\n1,034,721.60\n1,060,697.66\n1,491,439.91\n2,534,779.04\n3,814,622.33\n5,390,485.00\n6,120,479.23\n9,382,906.26\nForeign Liabilities\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\n782,215.53\n933,997.80\n960,926.97\n1,374,658.95\n1,916,090.93\n2,019,036.99\n2,367,756.16\n3,252,178.80\nNet Domestic Assets (NDA)\n11,637,230.97\n11,491,870.79\n11,515,658.20\n11,887,199.99\n11,752,429.58\n14,813,771.42\n16,610,996.67\n17,582,396.73\n23,205,523.95\n27,472,328.14\n36,991,644.76\n43,293,406.54\n56,770,962.37\nDomestic Claims\n14,162,804.05\n14,361,247.61\n14,642,956.80\n14,982,344.65\n14,812,955.01\n14,662,980.96\n14,348,514.27\n14,306,293.28\n14,375,803.17\n15,645,411.46\n18,057,310.94\n19,775,560.12\n21,168,772.43\nClaims on Central Government(net)\n9,367,999.90\n9,453,371.60\n9,709,749.15\n9,992,336.76\n10,031,721.31\n9,815,071.43\n9,598,024.41\n9,412,261.62\n8,963,975.12\n9,422,173.55\n11,348,394.86\n12,505,384.45\n13,061,889.35\nClaims on Central Government\n9,454,322.45\n9,547,216.70\n9,799,794.74\n10,074,924.82\n10,329,056.64\n10,297,295.66\n10,219,710.43\n10,099,059.06\n9,998,232.41\n10,630,234.88\n12,906,211.52\n14,489,818.40\n16,410,748.86\nCentral Bank\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,286,360.82\n7,248,426.12\n7,219,991.51\n7,173,820.48\n7,213,532.34\n7,707,833.00\n9,419,993.38\n11,079,670.93\n12,831,965.83\nODCs\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\n3,048,869.54\n2,999,718.93\n2,925,238.58\n2,784,700.07\n2,922,401.88\n3,486,218.14\n3,410,147.47\n3,578,783.04\nLess Liabilities to Central Government\n86,322.55\n93,845.11\n90,045.59\n82,588.06\n297,335.33\n482,224.23\n621,686.02\n686,797.43\n1,034,257.30\n1,208,061.33\n1,557,816.66\n1,984,433.95\n3,348,859.52\nCentral Bank\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n255,149.06\n437,738.21\n573,760.51\n630,940.61\n985,393.41\n1,163,537.70\n1,507,260.60\n1,925,235.84\n3,294,387.73\nODCs\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\n47,925.52\n55,856.82\n48,863.88\n44,523.63\n50,556.06\n59,198.12\n54,471.79\nClaims on Other Sectors\n4,794,804.16\n4,907,876.01\n4,933,207.65\n4,990,007.89\n4,781,233.70\n4,847,909.52\n4,750,489.86\n4,894,031.66\n5,411,828.05\n6,223,237.91\n6,708,916.08\n7,270,175.67\n8,106,883.08\nOther Financial Corporations\n145,256.31\n149,474.39\n146,924.77\n156,610.64\n163,570.22\n171,891.86\n159,230.21\n161,501.25\n169,299.57\n180,349.24\n174,910.96\n151,317.02\n152,985.99\nState and Local Government\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\n34,253.92\n35,077.27\n34,576.44\n33,304.49\n31,319.18\n31,193.91\n30,689.81\n30,341.36\nPublic Non Financial Corporations\n707,808.19\n714,396.35\n759,288.09\n737,586.90\n760,026.12\n717,834.55\n874,075.49\n987,347.41\n1,256,829.39\n1,653,927.27\n957,335.21\n988,381.20\n1,048,058.46\nPrivate Sector\n3,890,142.17\n4,004,414.16\n3,989,955.06\n4,058,650.69\n3,912,302.09\n4,058,929.20\n3,952,664.90\n4,012,055.03\n4,416,515.15\n5,128,717.22\n5,545,476.00\n6,099,787.63\n6,875,497.28\nCentral Bank\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\n17,036.09\n21,956.10\n24,683.88\n25,361.29\n23,154.78\n33,310.97\n125,702.15\n86,780.68\nODCs\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\n4,041,893.11\n3,930,708.81\n3,987,371.15\n4,391,153.86\n5,105,562.43\n5,512,165.03\n5,974,085.48\n6,788,716.60\nOther Items(Net)\n2,525,573.08\n2,869,376.82\n3,127,298.60\n3,095,144.66\n3,060,525.43\n-150,790.47\n-2,262,482.40\n-3,276,103.44\n-8,829,720.78\n-11,826,916.67\n-18,934,333.82\n-23,517,846.42\n-35,602,189.94\nShares and Other Equity\n2,135,709.67\n2,187,396.87\n2,221,755.34\n2,281,378.82\n2,281,748.45\n-544,566.17\n-1,687,090.85\n-2,151,220.63\n-6,856,982.76\n-9,810,341.46\n-18,099,228.93\n-22,440,397.72\n-32,505,897.24\nLiabilities to Other Financial Corporations\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\n42,570.71\n42,675.76\n28,813.83\n46,518.61\n43,639.00\n27,408.22\n27,999.41\n23,286.81\nRestricted Deposits\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\n8,667.49\n16,636.01\n46,764.60\n12,192.36\n363,411.77\n1,123,177.17\n1,290,893.19\n1,546,424.26\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)\n297,075.34\n571,900.47\n846,089.55\n753,702.76\n722,474.25\n342,537.50\n-634,703.31\n-1,200,461.25\n-2,031,448.99\n-2,423,625.98\n-1,985,690.29\n-2,396,341.30\n-4,666,003.77\nBroad Money-M3\n9,821,936.82\n9,763,493.41\n9,790,450.62\n10,009,905.27\n9,857,027.27\n10,389,303.50\n10,627,376.18\n11,353,366.06\n13,009,038.25\n14,767,890.75\n17,076,036.26\n19,694,065.28\n23,551,729.79\nSecurities Other than Shares Included in Broad Money\n52,419.97\n61,703.77\n50,864.73\n58,584.04\n59,302.10\n71,792.12\n74,503.10\n90,813.24\n139,439.93\n171,667.83\n168,169.20\n202,928.98\n219,889.50\nBroad Money-M2\n9,769,516.85\n9,701,789.65\n9,739,585.90\n9,951,321.23\n9,797,725.16\n10,317,511.39\n10,552,873.07\n11,262,552.82\n12,869,598.32\n14,596,222.92\n16,907,867.06\n19,491,136.30\n23,331,840.28\nOther Deposits\n1,488,981.24\n1,427,834.38\n1,430,427.17\n1,508,902.47\n1,466,797.51\n1,473,224.43\n1,437,053.15\n1,487,637.39\n1,611,815.34\n1,428,886.89\n1,640,846.54\n1,619,775.77\n1,662,956.26\nNarrow Money-M1\n8,280,535.61\n8,273,955.26\n8,309,158.73\n8,442,418.76\n8,330,927.65\n8,844,286.96\n9,115,819.92\n9,774,915.43\n11,257,782.98\n13,167,336.03\n15,267,020.52\n17,871,360.53\n21,668,884.03\nTransferable Deposits\n7,789,665.52\n7,792,430.08\n7,817,001.46\n7,940,376.20\n7,857,164.47\n8,380,317.93\n8,648,981.05\n9,283,238.74\n10,792,389.36\n12,695,789.56\n14,802,212.01\n17,310,786.11\n20,977,141.17\n Of which Foreign Currency Accounts\n0.00\n149,041.84\n139,613.34\n343,305.00\n418,087.02\n1,190,521.05\n1,417,836.22\n1,753,489.14\n3,031,536.97\n3,887,787.41\n4,049,120.88\n5,737,719.98\n9,859,484.27\nCurrency Outside Depository Corporations\n490,870.09\n481,525.19\n492,157.27\n502,042.57\n473,763.18\n463,969.03\n466,838.87\n491,676.69\n465,393.62\n471,546.47\n464,808.51\n560,574.42\n691,742.86\nMemorandum Items\nReserve Money\n2,891,742.55\n2,860,575.65\n3,135,918.22\n3,258,220.86\n3,029,004.88\n3,201,051.95\n3,172,354.75\n3,019,535.69\n2,522,708.23\n3,282,131.58\n3,769,321.37\n5,747,625.57\n4,682,715.46\nFCAs as a Percentage of Deposits in M3\n0.0%\n1.6%\n1.5%\n3.6%\n4.5%\n12.0%\n14.0%\n16.1%\n24.2%\n27.2%\n24.4%\n30.0%\n43.1%\nEnd Period Exchange Rate\n1.00\n1.00\n1.00\n1.00\n1.00\n2.50\n3.01\n3.26\n5.26\n6.62\n9.19\n10.71\n15.20\nSource: Reserve Bank of Zimbabwe,2019\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 ZWL$ since the introduction of the interbank foreign exchange market in February 2019\n(xiii) In June 2019, the introduction of monocurrency resulted in the revision of Reserve Money to exclude USD denominated liabilities to ODCs.\nTABLE 1: DEPOSITORY CORPORATIONS SURVEY (ZWL$ '000)\n \n \n \n14 \n \n \nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\nNet Foreign Assets\n-1,555,285.99 -1,455,053.24 -1,541,066.06 -1,758,219.23 -1,766,538.71 -4,676,973.98 -6,110,320.34 -6,756,572.48 -11,352,535.79 -14,602,968.79 -23,287,056.52\n-27,352,064.33\n-39,349,960.03\nClaims on Non Residents\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n303,248.18\n853,285.31\n996,604.88\n932,666.79\n2,417,729.41\n2,917,765.26\n3,402,652.93\n4,334,171.18\n6,464,247.45\nOfficial Reserves Assets\n136,268.14\n153,107.92\n137,602.74\n86,950.64\n80,847.73\n311,203.67\n344,973.29\n230,535.90\n1,223,599.47\n1,399,462.47\n1,401,366.80\n1,964,853.83\n1,511,299.58\nOther Foreign Assets\n101,582.56\n102,375.02\n110,077.40\n209,015.01\n222,400.44\n542,081.63\n651,631.59\n702,130.89\n1,194,129.94\n1,518,302.79\n2,001,286.13\n2,369,317.36\n4,952,947.87\nLess Liabilities to Non Residents\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\n5,530,259.29\n7,106,925.22\n7,689,239.28\n13,770,265.20\n17,520,734.04\n26,689,709.45\n31,686,235.51\n45,814,207.48\nShort Term Liabilities\n1,291,247.23 1,207,367.88 1,300,370.95 1,563,599.81 1,574,674.14 4,300,887.88 5,631,784.52 6,092,241.62\n11,229,210.34\n14,024,443.68\n18,833,457.18\n22,284,382.58\n32,602,281.08\nOther Foreign Liabilities\n501,889.46\n503,168.29\n488,375.25\n490,585.08\n495,112.75 1,229,371.41 1,475,140.70 1,596,997.65\n2,541,054.86\n3,496,290.36\n7,856,252.27\n9,401,852.93\n13,211,926.40\nNet Domestic Assets (NDA)\n4,447,028.54 4,315,628.88 4,676,984.28 5,016,440.09 4,816,520.35 7,878,025.93 9,282,675.10 9,779,079.28\n13,879,314.03\n17,885,100.37\n27,056,377.90\n33,099,689.90\n44,032,675.49\nDomestic Claims\n6,826,230.06 6,991,768.06 7,189,089.87 7,598,696.62 7,633,682.43 7,398,364.83 7,254,587.97 7,190,950.30\n6,924,182.99\n7,344,238.48\n8,907,806.85\n10,517,079.44\n10,567,049.53\nNet Claims on Central Government\n6,261,510.96 6,394,998.92 6,578,607.86 6,983,331.70 7,031,211.76 6,810,687.92 6,646,231.00 6,542,879.87\n6,228,138.93\n6,544,295.30\n8,083,777.93\n9,613,694.45\n9,537,578.10\nClaims on Central Government\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,286,360.82\n7,248,426.12\n7,219,991.51\n7,173,820.48\n7,213,532.34\n7,707,833.00\n9,591,038.53\n11,538,930.29\n12,831,965.83\nOf which: Securities Other than Shares\n2,107,570.78 2,109,129.00 2,073,611.90 2,062,178.19 2,011,373.84 1,962,432.38 1,910,408.71 1,835,171.86\n1,793,430.00\n5,922,355.91\n7,393,052.55\n8,767,458.29\n9,491,988.13\nLoans\n4,195,635.11\n4,327,555.56\n4,546,326.96\n4,962,474.58\n5,274,986.98\n5,285,993.74\n5,309,582.80\n5,338,648.62\n5,420,102.34\n1,785,477.10\n2,197,985.98\n2,771,472.00\n3,339,977.70\n Loans and Advances\n3,925,152.95 3,092,815.50 3,259,847.32 3,618,214.10 3,845,868.54 3,814,968.71 3,800,851.32 3,803,362.82\n3,805,605.65\n114,667.21\n368,837.75\n568,020.15\n835,231.09\n Legacy Debt\n270,482.16\n270,483.94\n270,476.30\n271,144.05\n291,998.61\n308,519.87\n309,020.71\n309,052.17\n309,088.45\n309,057.44\n405,543.61\n404,773.69\n414,023.05\n Export Incentives\n878,452.43\n964,256.12\n1,016,003.35\n1,073,116.43\n1,137,119.83\n1,162,505.16\n1,199,710.77\n1,226,233.63\n1,305,408.24\n1,361,752.45\n1,423,604.62\n1,798,678.16\n2,090,723.55\nLess Liabilities to Central Government\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n255,149.06\n437,738.21\n573,760.51\n630,940.61\n985,393.41\n1,163,537.70\n1,507,260.60\n1,925,235.84\n3,294,387.73\nOf which: Deposits\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n255,149.06\n437,738.21\n573,760.51\n630,940.61\n985,393.41\n1,163,537.70\n1,507,260.60\n1,925,235.84\n3,294,387.73\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\n564,719.10\n596,769.14\n610,482.01\n615,364.93\n602,470.67\n587,676.91\n608,356.98\n648,070.43\n696,044.06\n799,943.18\n824,028.92\n903,384.99\n1,029,471.42\nOther Financial Corporations\n93,173.28\n95,076.36\n92,865.03\n104,283.41\n109,152.02\n121,634.35\n114,497.79\n117,613.99\n114,408.61\n125,389.20\n109,687.61\n112,349.24\n118,657.17\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\n450,432.88\n480,359.88\n496,226.90\n489,746.16\n476,287.89\n449,006.47\n471,903.09\n505,772.56\n556,274.16\n651,399.20\n681,030.34\n665,333.60\n824,033.57\nPrivate Sector\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\n17,036.09\n21,956.10\n24,683.88\n25,361.29\n23,154.78\n33,310.97\n125,702.15\n86,780.68\nClaims on Other Depository Corporations\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n330,900.10\n339,662.09\n332,906.49\n328,813.24\n363,908.20\n339,280.92\n348,501.79\n385,543.38\nOf which: Loans\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n330,900.10\n339,662.09\n332,906.49\n328,813.24\n363,908.20\n339,280.92\n348,501.79\n385,543.38\nOther Liabilities to ODCs\n2,395,312.12 2,682,243.65 2,626,664.31 2,739,770.63 3,001,467.34 2,509,676.59 2,400,005.83 2,538,511.34\n3,047,017.11\n2,846,011.57\n2,756,773.68\n3,094,984.02\n4,129,952.46\nOf which: Aftrades Balances\n483,497.99\n388,000.00\n388,000.00\n388,000.00\n388,000.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n Securities\n1,823,973.56\n2,083,075.39\n1,964,016.64\n2,135,541.16\n2,726,599.60\n2,314,291.29\n2,248,370.43\n2,348,400.79\n2,738,904.07\n2,200,323.26\n2,004,097.96\n2,145,531.30\n2,824,669.92\nOther Items(Net)\n290,045.02\n310,072.68\n264,615.13\n236,221.85\n254,583.08 -2,658,437.58 -4,088,430.87 -4,793,733.84\n-9,673,334.90 -13,022,965.26 -20,737,108.96\n-25,788,352.03\n-37,210,035.04\nShares and Other Equity\n454,134.87\n466,363.60\n467,391.73\n475,653.19\n464,456.24\n-2,402,232.48\n-3,873,725.31\n-4,589,274.75\n-9,310,271.34\n-12,940,837.81\n-21,517,328.05\n-26,390,209.56\n-37,895,629.34\nOther Items(Net)\n-210,281.05\n-224,343.90\n-219,916.07\n-260,446.06\n-226,959.59\n-264,872.60\n-231,341.56\n-251,223.69\n-375,255.92\n-445,539.22\n-342,958.09\n-689,035.65\n-860,829.96\nLiabilities to Other Resident Sectors\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n1,598.56\n2,697.45\n0.00\n0.00\n0.00\n0.00\nDeposits and Securities Excluded from Base Money\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\n8,667.49\n16,636.01\n46,764.60\n12,192.36\n363,411.77\n1,123,177.17\n1,290,893.19\n1,546,424.26\nMonetary Base \n2,891,742.55 2,860,575.65 3,135,918.22 3,258,220.86 3,029,004.88 3,201,051.95 3,172,354.75 3,019,535.69\n2,522,708.23\n3,282,131.58\n3,769,321.37\n5,747,625.57\n4,682,715.46\nBond Coins\n86,177.94\n86,521.28\n86,507.82\n86,558.34\n86,671.08\n86,794.17\n86,775.25\n87,096.23\n87,423.30\n87,606.55\n87,843.40\n87,844.15\n87,847.30\nBond Notes\n422,933.66\n434,935.71\n436,225.70\n435,985.12\n436,131.63\n436,825.58\n442,551.17\n449,762.88\n476,656.02\n510,197.39\n609,392.70\n657,100.48\n728,411.73\nLiabilities to ODCs\n2,296,266.80 2,282,181.13 2,545,140.17 2,718,472.21 2,431,429.69 2,620,801.43 2,556,061.06 2,410,617.85\n1,861,836.07\n2,583,805.05\n2,945,382.52\n4,679,680.86\n3,772,389.39\n Reserve Deposits\n0.00\n0.00\n399,643.22\n393,439.26\n395,649.57\n387,117.92\n379,777.18\n382,618.00\n406,733.21\n434,435.93\n497,763.67\n586,218.84\n625,173.97\n Exess reserves \n2,296,266.80\n2,282,181.13\n2,145,496.95\n2,325,032.95\n2,035,780.12\n2,233,683.51\n2,176,283.88\n2,027,999.85\n1,455,102.86\n2,149,369.12\n2,447,618.85\n4,093,462.02\n3,147,215.41\nPrivate Deposits\n86,364.15\n56,937.52\n68,044.53\n17,205.18\n74,772.49\n56,630.77\n86,967.28\n72,058.73\n96,792.85\n100,522.59\n126,702.75\n323,000.08\n94,067.04\nSource: Reserve Bank of Zimbabwe,2019\nTABLE 2: CENTRAL BANK SURVEY (ZWL$'000)\n \n \n \n15 \n \n \n \nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nJun-19\nJul-19\nAug-19\nSep-19\nNet Foreign Assets\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\n252,506.07\n126,699.85\n530,512.93\n1,160,120.10\n1,898,531.40\n3,371,448.01\n3,752,723.07\n6,130,727.45\nClaims on Non Residents\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\n1,034,721.60\n1,060,697.66\n1,491,439.91\n2,534,779.04\n3,814,622.33\n5,390,485.00\n6,120,479.23\n9,382,906.26\nOf Which: Foreign Currency\n61,523.80\n70,410.81\n84,619.66\n94,485.74\n113,427.55\n256,754.30\n263,233.15\n363,481.95\n484,193.31\n882,204.61\n968,769.48\n1,150,434.08\n2,108,450.56\nDeposits\n237,075.06\n236,895.75\n273,677.73\n310,319.40\n307,770.08\n776,043.16\n794,324.48\n1,123,646.46\n2,044,144.29\n2,921,840.60\n4,408,575.22\n4,954,935.41\n7,254,079.84\nOther\n910.05\n900.29\n901.68\n1,043.27\n1,605.91\n1,924.14\n3,140.03\n4,311.50\n6,441.45\n10,577.12\n13,140.31\n15,109.74\n20,375.85\nLess Liabilities to Non Residents\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\n782,215.53\n933,997.80\n960,926.97\n1,374,658.95\n1,916,090.93\n2,019,036.99\n2,367,756.16\n3,252,178.80\nOf Which: Deposits\n91,213.72\n115,149.81\n86,609.01\n81,573.41\n81,808.20\n172,568.31\n242,800.88\n584,272.60\n719,211.04\n769,197.36\n857,462.40\n938,762.40\n1,334,410.99\nLoans\n468,303.36\n466,381.17\n456,731.58\n443,350.50\n448,882.19\n609,647.22\n691,196.93\n376,654.37\n655,447.91\n1,146,893.57\n1,161,574.59\n1,428,993.76\n1,917,767.81\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)\n9,504,710.75\n9,498,354.86\n9,414,390.34\n9,609,733.01\n9,416,378.45\n9,616,197.64\n9,946,870.18\n10,259,117.71\n11,286,731.69\n12,297,290.28\n13,113,076.98\n15,057,767.71\n16,635,192.44\nDomestic Claims\n7,336,573.99\n7,369,479.55\n7,453,866.93\n7,383,648.03\n7,269,272.57\n7,432,949.46\n7,397,817.63\n7,404,854.99\n8,045,985.17\n9,072,247.98\n9,320,549.24\n9,717,740.03\n10,601,722.91\nNet Claims on Central Government\n3,106,488.93\n3,058,372.68\n3,131,141.29\n3,009,005.06\n3,000,509.55\n3,037,716.85\n2,985,126.74\n2,869,381.76\n2,867,736.19\n2,877,878.25\n3,435,662.08\n3,350,949.35\n3,524,311.24\nClaims on Central Government\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\n3,082,202.87\n3,033,052.26\n2,925,238.58\n2,916,600.07\n2,922,401.88\n3,486,218.14\n3,410,147.47\n3,578,783.04\nSecurities\n3,145,693.06\n3,105,944.58\n3,172,866.99\n3,044,069.03\n3,038,282.27\n3,076,367.83\n3,028,779.35\n2,921,262.97\n2,912,674.94\n2,918,508.31\n3,484,041.96\n3,409,103.10\n3,577,410.30\nLoans\n5,423.50\n4,587.57\n6,988.90\n6,203.03\n4,413.55\n5,835.04\n4,272.91\n3,975.61\n3,925.13\n3,893.57\n2,176.18\n1,044.37\n1,372.73\nOther \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \nLess Liabilities to Central Government\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\n47,925.52\n55,856.82\n48,863.88\n44,523.63\n50,556.06\n59,198.12\n54,471.79\nOf which: Deposits\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\n47,925.52\n55,856.82\n48,863.88\n44,523.63\n50,556.06\n59,198.12\n54,471.79\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\n4,230,085.05\n4,311,106.88\n4,322,725.64\n4,374,642.97\n4,268,763.02\n4,395,232.61\n4,412,690.88\n4,535,473.23\n5,178,248.99\n6,194,369.73\n5,884,887.16\n6,366,790.67\n7,077,411.66\nOther Financial Corporations\n52,083.02\n54,398.03\n54,059.74\n52,327.23\n54,418.20\n50,257.50\n44,732.42\n43,887.25\n54,890.96\n54,960.04\n65,223.35\n38,967.78\n34,328.82\nState and Local Government\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\n34,253.92\n35,077.27\n34,576.44\n33,304.49\n31,319.18\n31,193.91\n30,689.81\n30,341.36\nPublic Non Financial Corporations\n257,375.31\n234,036.46\n263,061.19\n247,840.74\n283,738.23\n268,828.08\n402,172.40\n469,638.39\n698,899.67\n1,002,528.07\n276,304.88\n323,047.60\n224,024.88\nPrivate Sector\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\n4,041,893.11\n3,930,708.81\n3,987,371.15\n4,391,153.86\n5,105,562.43\n5,512,165.03\n5,974,085.48\n6,788,716.60\nClaims on the Central Bank\n3,799,833.82\n3,811,216.96\n3,726,890.73\n3,969,951.54\n3,950,061.19\n3,824,458.20\n3,953,460.88\n4,199,075.04\n4,187,900.42\n4,644,902.11\n5,448,316.23\n8,140,877.50\n9,252,623.62\nCurrency\n18,241.51\n39,931.81\n30,576.25\n20,500.90\n49,039.52\n59,650.72\n62,487.55\n45,182.42\n98,685.70\n126,257.46\n232,427.59\n184,370.21\n124,516.17\nReserves\n3,781,592.32\n3,771,285.15\n3,696,314.48\n3,949,450.64\n3,901,021.67\n3,764,807.48\n3,890,973.33\n4,153,892.62\n4,089,214.73\n4,518,644.65\n5,215,888.64\n7,956,507.29\n9,128,107.45\nSecurities\n0.00\n0.00\n0.00\nOther Claims\n0.00\n0.00\n0.00\nLiabilities to the Central Bank\n142,244.29\n147,588.60\n213,749.43\n229,588.29\n239,529.91\n158,887.13\n165,849.57\n148,327.69\n148,760.15\n150,275.70\n151,973.32\n155,014.53\n155,934.06\nOther Items(Net)\n1,489,452.77\n1,534,753.06\n1,552,617.90\n1,514,278.27\n1,563,425.41\n1,482,322.89\n1,238,558.76\n1,196,484.63\n798,393.76\n1,269,584.10\n1,503,815.17\n2,645,835.28\n3,063,220.03\nShares and Other Equity\n1,681,574.79\n1,721,033.27\n1,754,363.61\n1,805,725.63\n1,817,292.21\n1,857,666.31\n2,186,634.46\n2,438,054.11\n2,453,288.57\n3,130,496.35\n3,418,099.11\n3,949,811.84\n5,389,732.10\nLiabilities to other ressident sectors\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\n42,570.71\n42,675.76\n28,813.83\n46,518.61\n43,639.00\n27,408.22\n27,999.41\n23,286.81\nOther Items(Net)\n-238,718.90\n-228,306.72\n-244,059.95\n-330,495.73\n-293,083.09\n-417,914.13\n-990,751.46\n-1,270,383.32\n-1,701,413.42\n-1,904,551.24\n-1,941,692.17\n-1,331,975.97\n-2,349,798.88\nDeposits and Securities Included in Broad Mon\n9,244,702.58\n9,225,030.71\n9,230,248.82\n9,490,657.52\n9,308,491.60\n9,868,703.71\n10,073,570.03\n10,789,630.64\n12,446,851.79\n14,195,821.68\n16,484,524.99\n18,810,490.79\n22,765,919.89\nDeposits Included in Broad Money\n9,192,282.61\n \n9,163,326.94\n \n9,179,384.09\n \n9,432,073.48\n \n9,249,189.49\n \n9,796,911.59\n \n9,999,066.93\n \n10,698,817.40\n \n12,307,411.86\n \n14,024,153.85\n \n16,316,355.79\n \n18,607,561.81\n \n22,546,030.38\n \nTransferable Deposits\n7,703,301.37\n7,735,492.56\n7,748,956.93\n7,923,171.01\n \n7,782,391.98\n \n8,323,687.16\n \n8,562,013.77\n \n9,211,180.01\n \n10,695,596.51\n \n12,595,266.96\n \n14,675,509.25\n \n16,987,786.03\n \n20,883,074.13\n \n of which FCAs\n149,041.84\n139,613.34\n343,305.00\n \n418,087.02\n \n1,190,521.05\n \n1,417,836.22\n \n1,753,489.14\n \n3,031,536.97\n \n3,887,787.41\n \n4,049,120.88\n \n5,737,719.98\n \n9,859,484.27\n \nOther Deposits\n1,488,981.24\n \n1,427,834.38\n \n1,430,427.17\n1,508,902.47\n \n1,466,797.51\n1,473,224.43\n1,437,053.15\n1,487,637.39\n1,611,815.34\n1,428,886.89\n1,640,846.54\n1,619,775.77\n1,662,956.26\nMoney Market Instruments\n52,419.97\n \n61,703.77\n \n50,864.73\n \n58,584.04\n \n59,302.10\n \n71,792.12\n \n74,503.10\n \n90,813.24\n \n139,439.93\n \n171,667.83\n \n168,169.20\n \n202,928.98\n \n219,889.50\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( ZWL$ '000)\n \n \n \n16 \n \n \n \n \n \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\n2017\nJun\n7.4\n \n57.1\n \n1,674.9\n \n350.3\n \n92.1\n \n110.6\n2,014.2\n19.0\n16.0\n35.0\n47.9\n16.5\n82.9\n3,494.3\n92.8\n533.5\n408.9\n649.6\n9,702.8\nJul\n7.1\n \n45.2\n \n1,807.4\n \n302.3\n \n63.1\n \n103.6\n1,982.8\n17.2\n26.1\n34.4\n45.2\n16.9\n116.8\n3,417.1\n86.8\n513.6\n432.9\n635.8\n9,654.3\nAug\n12.3\n \n40.6\n \n2,061.9\n \n276.6\n \n165.3\n \n7.9\n2,100.9\n16.3\n26.3\n64.6\n41.3\n18.0\n145.5\n3,494.5\n78.6\n531.8\n403.7\n639.5\n10,125.5\nSep\n12.0\n \n38.1\n \n2,110.4\n \n226.8\n \n179.7\n \n31.3\n2,248.9\n16.1\n23.5\n65.0\n41.5\n15.6\n118.8\n3,554.4\n78.0\n472.8\n415.6\n655.1\n10,303.5\nOct\n8.7\n \n41.8\n \n2,139.3\n \n254.1\n \n190.8\n \n61.0\n2,372.1\n15.4\n24.4\n65.1\n34.8\n17.8\n99.6\n3,599.1\n82.0\n432.4\n459.3\n667.3\n10,564.9\nNov\n9.8\n \n46.1\n \n2,315.5\n \n289.8\n \n184.2\n \n74.3\n2,487.7\n18.8\n23.5\n65.4\n32.3\n19.6\n107.3\n3,608.7\n76.8\n417.7\n505.6\n672.5\n10,955.5\nDec\n12.6\n \n58.1\n \n2,592.0\n \n276.0\n \n213.4\n \n66.6\n2,397.2\n26.8\n23.5\n66.3\n29.4\n19.4\n145.5\n3,581.3\n92.2\n508.3\n509.3\n699.9\n11,317.7\n2018\nJan\n23.4\n \n66.9\n \n2,528.5\n \n291.2\n \n111.9\n \n81.9\n2,336.0\n34.5\n23.5\n65.9\n26.3\n20.6\n155.3\n3,461.2\n74.6\n501.0\n457.8\n700.8\n10,961.1\nFeb\n20.0\n \n46.8\n \n2,516.8\n \n347.6\n \n114.2\n \n96.2\n2,313.4\n33.5\n23.5\n66.1\n24.3\n21.1\n145.4\n3,527.1\n22.2\n507.8\n434.5\n697.8\n10,958.3\nMar\n16.7\n \n57.9\n \n2,457.7\n \n312.8\n \n139.2\n \n99.5\n2,434.8\n32.8\n23.5\n66.7\n19.2\n15.9\n127.5\n3,637.8\n24.2\n504.1\n487.4\n710.3\n11,168.1\nApr\n14.9\n \n61.9\n \n2,423.5\n \n337.0\n \n120.8\n \n78.5\n2,558.9\n32.0\n24.7\n67.0\n13.4\n20.9\n121.2\n3,674.0\n22.1\n532.0\n459.2\n715.7\n11,277.5\nMay\n14.2\n \n71.7\n \n2,543.0\n \n477.8\n \n138.6\n \n85.7\n2,814.9\n30.9\n25.0\n66.9\n8.4\n20.9\n134.4\n3,740.3\n12.0\n458.9\n457.2\n718.2\n11,819.1\nJun\n9.0\n \n58.5\n \n3,081.0\n \n509.8\n \n120.0\n \n84.1\n2,865.3\n30.1\n26.2\n66.5\n7.4\n19.4\n196.4\n3,829.3\n38.6\n551.4\n448.1\n730.7\n12,671.8\nJul\n20.6\n \n61.9\n \n3,450.6\n \n466.4\n \n111.6\n \n95.4\n3,291.4\n33.3\n0.0\n67.5\n4.5\n21.0\n182.0\n3,500.6\n153.9\n611.4\n472.5\n732.0\n13,276.5\nAug\n23.1\n \n72.3\n \n3,475.7\n \n377.8\n \n105.3\n \n66.3\n3,362.8\n32.2\n0.0\n67.3\n7.1\n20.6\n186.7\n3,585.1\n102.0\n647.7\n489.9\n736.1\n13,358.0\nSep\n18.2\n \n61.5\n \n3,781.6\n \n398.1\n \n159.1\n \n78.0\n3,145.7\n31.2\n45.2\n68.1\n5.4\n20.4\n212.2\n3,734.2\n119.7\n637.4\n527.8\n742.6\n13,786.4\nOct\n39.9\n \n70.4\n \n3,771.3\n \n368.3\n \n185.5\n \n51.4\n3,105.9\n30.2\n45.2\n68.4\n4.6\n9.4\n188.8\n3,838.0\n132.0\n647.5\n537.8\n743.0\n13,837.7\nNov\n30.6\n \n84.6\n \n3,696.3\n \n300.6\n \n209.8\n \n63.9\n3,172.9\n28.9\n45.2\n68.7\n7.0\n8.1\n217.7\n3,813.2\n141.9\n633.2\n581.9\n742.4\n13,846.8\nDec\n20.5\n \n94.5\n \n3,949.5\n \n439.6\n \n235.5\n \n74.8\n3,044.1\n28.0\n43.4\n69.2\n6.2\n9.2\n204.3\n3,870.5\n151.2\n573.8\n612.5\n812.4\n14,239.0\n2019\nJan\n49.0\n \n113.4\n \n3,901.0\n \n401.9\n \n261.6\n \n46.1\n3,038.3\n27.3\n94.6\n68.7\n4.4\n8.1\n189.2\n3,773.5\n109.1\n517.2\n592.3\n827.7\n14,023.5\nFeb\n59.7\n \n256.8\n \n3,764.8\n \n357.1\n \n570.4\n \n205.7\n3,076.4\n26.5\n60.5\n2.0\n5.8\n7.7\n208.3\n3,991.5\n100.5\n490.7\n669.1\n880.0\n14,733.6\nMar\n62.5\n \n263.2\n \n3,891.0\n \n432.9\n \n739.3\n \n55.1\n3,028.8\n25.5\n61.5\n4.5\n4.3\n9.5\n340.7\n3,845.0\n129.0\n523.7\n954.5\n1,205.2\n15,576.2\nApr\n45.2\n \n363.5\n \n4,153.9\n \n578.9\n \n1,031.9\n \n91.7\n2,921.3\n25.0\n61.8\n4.0\n4.0\n9.6\n407.8\n3,899.7\n131.9\n620.5\n1,135.4\n1,304.8\n16,790.9\nMay\n98.7\n \n484.2\n \n4,089.2\n \n694.1\n \n1,890.1\n \n154.1\n2,912.7\n23.9\n62.1\n4.2\n3.9\n9.4\n636.8\n4,303.9\n144.3\n910.1\n2,031.0\n1,532.3\n19,985.1\nJun\n126.3\n \n882.2\n \n4,518.6\n \n560.2\n \n2,383.0\n \n538.9\n2,918.5\n22.6\n63.1\n6.6\n3.9\n8.7\n929.4\n5,011.5\n163.0\n1,606.5\n1,621.9\n2,120.4\n23,485.3\nJul\n232.4\n \n968.8\n \n5,605.6\n \n370.4\n \n3,738.0\n \n801.9\n2,962.9\n22.2\n103.4\n5.5\n2.2\n9.0\n164.6\n5,364.7\n228.7\n1,587.7\n2,124.1\n2,345.3\n26,637.3\nAug\n184.4\n \n1,150.4\n \n7,956.5\n \n527.8\n \n3,904.2\n \n1,050.7\n3,409.1\n21.5\n103.9\n6.8\n1.0\n9.2\n212.5\n5,764.9\n263.2\n2,614.6\n2,149.5\n2,623.2\n31,953.4\nSep\n124.5\n \n2,108.5\n \n9,128.1\n \n874.0\n \n5,678.3\n \n1,575.7\n3,577.4\n20.9\n27.0\n6.5\n1.4\n9.4\n187.5\n6,456.9\n389.5\n3,707.8\n3,665.5\n3,549.9\n41,088.9\nSource:Reserve Bank of Zimbabwe,2019\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.\nPublic \nEnterprises\nTABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS\nZWL$ millions\nDebt Securities\nLoans and Advances\n \n \n \n17 \n \n \n \n \n \nDebt Securities Foreign Liabilities\nCapital\nContigent\nOther\nTOTAL\nand\nLiablities\nLiablities\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Jun\n3,851.4\n825.6\n1,538.9\n6,215.9\n497.6\n73.7\n6,787.2\n65.7\n259.5\n0.0\n108.9\n46.6\n1,455.9\n533.5\n445.6\n9,702.8\n Jul\n3,845.0\n837.2\n1,600.1\n6,282.3\n503.0\n78.1\n6,863.3\n66.3\n162.2\n0.0\n99.5\n35.6\n1,463.2\n513.6\n450.7\n9,654.3\n Aug\n4,257.2\n927.5\n1,604.9\n6,789.6\n451.2\n88.3\n7,329.1\n71.1\n158.2\n0.0\n79.1\n22.8\n1,478.4\n531.8\n454.9\n10,125.5\n Sep\n4,622.2\n932.4\n1,571.4\n7,126.0\n383.4\n55.2\n7,564.6\n55.8\n151.1\n0.0\n67.4\n32.1\n1,494.5\n472.8\n465.2\n10,303.5\n Oct\n4,825.8\n1,010.8\n1,460.8\n7,297.4\n410.7\n43.1\n7,751.2\n63.0\n153.9\n0.0\n73.1\n42.0\n1,537.5\n432.4\n511.7\n10,564.9\n Nov\n5,090.7\n1,047.9\n1,450.2\n7,588.7\n454.9\n34.7\n8,078.3\n66.5\n151.3\n0.0\n84.5\n60.2\n1,562.7\n417.7\n534.3\n10,955.5\n Dec\n5,144.5\n1,127.4\n1,401.7\n7,673.6\n407.8\n94.6\n8,176.0\n68.6\n173.1\n113.7\n100.7\n6.2\n1,663.1\n508.3\n508.1\n11,317.7\n2018\nJan\n4,640.2\n1,008.1\n1,454.0\n7,102.2\n406.5\n107.3\n7,616.1\n65.1\n444.8\n115.1\n49.1\n2.6\n1,645.3\n501.0\n522.1\n10,961.1\nFeb\n4,633.7\n989.2\n1,458.8\n7,081.7\n418.7\n101.2\n7,601.7\n75.4\n435.4\n111.2\n92.8\n2.9\n1,620.1\n507.8\n511.0\n10,958.3\nMar\n4,732.9\n1,007.5\n1,491.0\n7,231.4\n365.0\n114.7\n7,711.0\n77.3\n460.8\n140.5\n89.2\n6.9\n1,654.7\n504.1\n523.4\n11,168.1\nApr\n4,907.7\n1,066.6\n1,374.6\n7,349.0\n387.8\n95.6\n7,832.3\n84.0\n453.1\n82.4\n68.8\n16.1\n1,641.9\n532.0\n567.0\n11,277.5\nMay\n5,172.9\n1,138.2\n1,442.5\n7,753.6\n442.8\n107.4\n8,303.8\n88.0\n554.0\n101.5\n94.9\n19.9\n1,671.5\n458.9\n526.5\n11,819.1\nJune\n5,650.6\n1,274.7\n1,459.1\n8,384.4\n438.0\n89.2\n8,911.6\n66.8\n554.0\n119.8\n173.4\n21.6\n1,707.5\n551.4\n565.7\n12,671.8\nJuly\n5,902.3\n1,415.3\n1,501.5\n8,819.1\n424.4\n33.1\n9,276.7\n89.5\n545.1\n118.9\n132.9\n32.6\n1,846.0\n611.4\n623.4\n13,276.5\nAug\n6,005.7\n1,362.6\n1,524.2\n8,892.5\n399.6\n32.4\n9,324.5\n66.5\n535.4\n137.0\n119.5\n33.3\n1,882.9\n647.7\n611.2\n13,358.0\nSep\n6,281.7\n1,421.8\n1,489.0\n9,192.4\n439.0\n44.6\n9,676.1\n52.4\n559.4\n142.2\n129.1\n46.6\n1,913.4\n637.4\n629.7\n13,786.4\nOct\n6,345.7\n1,390.0\n1,427.8\n9,163.5\n435.2\n52.2\n9,650.8\n61.7\n581.4\n147.6\n93.4\n42.0\n1,957.6\n647.5\n655.7\n13,837.7\nNov\n6,419.8\n1,329.4\n1,430.4\n9,179.6\n366.8\n48.7\n9,595.1\n50.9\n543.1\n213.7\n74.8\n42.3\n1,991.6\n633.2\n702.1\n13,846.8\nDec\n6,601.1\n1,322.2\n1,508.9\n9,432.2\n394.5\n41.3\n9,868.0\n58.6\n524.7\n229.6\n187.8\n39.0\n2,057.7\n573.8\n699.7\n14,239.0\n2019\nJan\n6,626.6\n1,155.9\n1,466.8\n9,249.4\n381.0\n42.2\n9,672.5\n59.3\n530.5\n239.5\n188.3\n39.2\n2,047.0\n517.2\n729.8\n14,023.5\nFeb\n7,168.7\n1,155.1\n1,473.2\n9,797.1\n387.8\n44.5\n10,229.3\n71.8\n782.0\n158.9\n151.7\n42.6\n2,145.1\n490.7\n661.5\n14,733.6\nMar\n7,435.2\n1,127.0\n1,437.1\n9,999.2\n372.7\n47.9\n10,419.9\n74.5\n933.8\n165.8\n140.9\n42.7\n2,349.0\n523.7\n925.8\n15,576.2\nApr\n7,968.0\n1,243.3\n1,795.8\n11,007.1\n390.9\n55.9\n11,453.8\n90.8\n652.7\n148.3\n173.5\n28.8\n2,551.4\n620.5\n1,071.0\n16,790.9\nMay\n9,316.8\n1,379.0\n1,932.4\n12,628.2\n462.9\n48.9\n13,139.9\n139.4\n1,053.9\n148.8\n206.7\n46.5\n2,556.6\n910.1\n1,783.2\n19,985.1\nJun\n11,021.9\n1,573.5\n1,737.2\n14,332.6\n422.0\n44.5\n14,799.2\n171.7\n1,607.6\n150.3\n216.7\n43.6\n3,240.7\n1,606.5\n1,649.0\n23,485.3\nJul\n13,014.4\n1,661.3\n1,949.2\n16,624.9\n432.6\n50.6\n17,108.1\n168.2\n1,710.5\n152.0\n225.8\n27.4\n3,522.6\n1,587.7\n2,135.1\n26,637.3\nAug\n15,189.7\n1,798.7\n1,911.4\n18,899.9\n639.1\n59.2\n19,598.2\n202.9\n2,064.4\n155.0\n116.2\n28.0\n4,061.0\n2,614.6\n3,102.0\n31,942.4\nSep\n18,834.0\n2,049.2\n1,908.4\n22,791.6\n549.2\n54.5\n23,395.3\n219.9\n2,989.7\n155.9\n182.3\n23.3\n5,510.0\n3,707.8\n4,887.7\n41,072.0\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES \nDeposits\nAmounts Owing to\nZWL$ millions\n \n \n \n18 \n \n \n \n \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\nLocal Governemt\nPublic Enterprises\nOther2\nGovernment\nGovernment\nEnterprises\n Institutional Units3\nOther claims\nAssets\nOther Assets\nAssets\nCoins\nCoin\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJun\n7.0\n \n53.3\n \n1,578.5\n \n141.4\n \n82.2\n \n110.6\n \n1,786.8\n \n-\n \n16.0\n \n35.0\n \n47.9\n \n16.5\n \n82.2\n \n2,583.5\n \n23.9\n \n533.5\n \n273.6\n \n497.3\n \n7,869.2\n \nJul\n6.7\n \n40.9\n \n1,684.5\n \n137.6\n \n53.7\n \n103.6\n \n1,752.4\n \n-\n \n26.1\n \n34.4\n \n45.2\n \n16.9\n \n116.3\n \n2,495.4\n \n24.2\n \n513.6\n \n295.5\n \n482.1\n \n7,829.0\n \nAug\n11.8\n \n37.1\n \n1,882.4\n \n124.3\n \n161.2\n \n7.9\n \n1,856.2\n \n-\n \n26.3\n \n64.6\n \n41.3\n \n18.0\n \n145.0\n \n2,538.1\n \n23.8\n \n531.8\n \n272.6\n \n485.7\n \n8,228.1\n \nSep\n11.4\n \n35.8\n \n1,961.8\n \n109.6\n \n172.7\n \n31.3\n \n1,998.0\n \n-\n \n23.5\n \n65.0\n \n41.5\n \n15.6\n \n118.2\n \n2,585.7\n \n28.3\n \n472.8\n \n281.3\n \n487.7\n \n8,440.0\n \nOct\n8.1\n \n40.5\n \n1,961.8\n \n143.7\n \n175.7\n \n61.0\n \n2,106.6\n \n-\n \n24.4\n \n65.1\n \n34.8\n \n17.8\n \n99.1\n \n2,607.0\n \n29.4\n \n432.4\n \n287.8\n \n508.9\n \n8,604.1\n \nNov\n9.0\n \n45.1\n \n2,126.7\n \n161.1\n \n174.7\n \n74.3\n \n2,230.4\n \n-\n \n23.5\n \n65.4\n \n32.3\n \n19.6\n \n106.9\n \n2,618.1\n \n26.4\n \n417.7\n \n324.2\n \n511.4\n \n8,966.9\n \nDec\n11.4\n \n55.3\n \n2,373.9\n \n141.5\n \n203.5\n \n66.6\n \n2,128.7\n \n-\n \n23.5\n \n66.3\n \n29.4\n \n19.4\n \n145.0\n \n2,579.8\n \n40.0\n \n508.3\n \n324.5\n \n536.4\n \n9,253.6\n \n2018\nJan\n22.4\n \n64.1\n \n2,294.5\n \n192.1\n \n103.4\n \n81.9\n \n2,143.2\n \n-\n \n23.5\n \n65.9\n \n26.3\n \n20.6\n \n154.8\n \n2,451.1\n \n28.7\n \n501.0\n \n294.2\n \n538.9\n \n9,006.6\n \nFeb\n18.3\n \n44.0\n \n2,296.8\n \n223.7\n \n108.3\n \n96.2\n \n2,109.3\n \n-\n \n23.5\n \n66.1\n \n24.3\n \n21.1\n \n145.0\n \n2,461.5\n \n28.7\n \n507.8\n \n290.6\n \n536.3\n \n9,001.5\n \nMar\n14.8\n \n53.6\n \n2,238.8\n \n240.7\n \n124.5\n \n99.5\n \n2,164.0\n \n-\n \n23.5\n \n66.7\n \n19.2\n \n15.9\n \n127.1\n \n2,535.8\n \n30.4\n \n504.1\n \n325.8\n \n552.3\n \n9,136.6\n \nApr\n13.5\n \n56.7\n \n2,207.9\n \n275.0\n \n116.7\n \n78.5\n \n2,314.9\n \n-\n \n24.7\n \n67.0\n \n13.4\n \n20.9\n \n120.8\n \n2,519.8\n \n28.3\n \n532.0\n \n299.0\n \n554.9\n \n9,244.0\n \nMay\n12.9\n \n62.8\n \n2,309.0\n \n339.5\n \n130.1\n \n85.7\n \n2,562.4\n \n-\n \n25.0\n \n66.9\n \n8.4\n \n20.9\n \n134.0\n \n2,556.2\n \n23.9\n \n458.9\n \n307.9\n \n555.3\n \n9,659.8\n \nJune\n7.5\n \n52.6\n \n2,848.5\n \n331.8\n \n117.3\n \n84.1\n \n2,538.3\n \n-\n \n26.2\n \n66.5\n \n7.4\n \n19.4\n \n196.0\n \n2,662.2\n \n25.5\n \n551.4\n \n302.9\n \n563.4\n \n10,401.0\n \nJuly\n17.9\n \n54.3\n \n3,189.6\n \n281.1\n \n109.3\n \n95.4\n \n2,949.2\n \n-\n \n-\n \n67.5\n \n4.5\n \n21.0\n \n182.0\n \n2,414.6\n \n26.0\n \n611.4\n \n322.5\n \n565.1\n \n10,911.4\n \nAug\n21.0\n \n67.8\n \n3,196.7\n \n232.3\n \n102.5\n \n66.3\n \n3,014.9\n \n-\n \n-\n \n67.3\n \n7.1\n \n20.6\n \n186.7\n \n2,491.0\n \n29.8\n \n647.7\n \n329.4\n \n566.3\n \n11,047.4\n \nSep\n16.3\n \n58.2\n \n3,487.9\n \n305.3\n \n137.8\n \n78.0\n \n2,789.8\n \n-\n \n45.2\n \n68.1\n \n5.4\n \n20.4\n \n212.2\n \n2,577.1\n \n36.7\n \n637.4\n \n357.4\n \n571.8\n \n11,405.0\n \nOct\n33.1\n \n68.0\n \n3,505.8\n \n272.1\n \n173.1\n \n51.4\n \n2,728.8\n \n-\n \n45.2\n \n68.4\n \n4.6\n \n9.4\n \n188.8\n \n2,697.4\n \n38.7\n \n647.5\n \n353.2\n \n569.2\n \n11,454.9\n \nNov\n25.8\n \n81.4\n \n3,384.4\n \n264.6\n \n198.2\n \n63.9\n \n2,793.9\n \n-\n \n45.2\n \n68.7\n \n7.0\n \n8.1\n \n217.7\n \n2,672.3\n \n46.1\n \n633.2\n \n406.6\n \n569.8\n \n11,486.9\n \nDec\n18.2\n \n89.9\n \n3,737.0\n \n317.3\n \n224.4\n \n74.8\n \n2,633.7\n \n-\n \n43.4\n \n69.2\n \n6.2\n \n9.2\n \n204.3\n \n2,707.6\n \n53.7\n \n573.8\n \n406.2\n \n633.9\n \n11,802.7\n \n2019\nJan\n42.05\n \n106.91\n \n3,766.70\n \n338.09\n \n249.77\n \n46.14\n \n2,621.20\n \n-\n \n61.02\n \n68.66\n \n4.41\n \n8.06\n \n189.15\n \n2,594.53\n \n33.84\n \n517.24\n \n428.82\n \n649.94\n \n11,726.5\n \nFeb\n52.63\n \n238.67\n \n3,601.94\n \n293.36\n \n549.59\n \n205.65\n \n2,675.29\n \n-\n \n60.52\n \n2.00\n \n5.84\n \n7.71\n \n208.31\n \n2,784.17\n \n31.04\n \n490.74\n \n472.78\n \n696.82\n \n12,377.1\n \nMar\n59.17\n \n244.62\n \n3,729.81\n \n393.22\n \n712.08\n \n55.05\n \n2,635.68\n \n-\n \n61.52\n \n4.53\n \n4.27\n \n9.53\n \n340.66\n \n2,660.90\n \n25.33\n \n523.72\n \n755.57\n \n971.53\n \n13,187.2\n \nApr\n40.82\n \n331.97\n \n3,876.83\n \n492.10\n \n981.80\n \n91.75\n \n2,590.97\n \n-\n \n61.79\n \n3.95\n \n3.98\n \n9.62\n \n407.85\n \n2,721.57\n \n24.55\n \n620.52\n \n935.27\n \n1,002.47\n \n14,197.8\n \nMay\n94.59\n \n444.70\n \n3,886.07\n \n571.50\n \n1,747.69\n \n154.08\n \n2,508.43\n \n-\n \n62.12\n \n4.20\n \n3.93\n \n9.43\n \n636.78\n \n3,056.86\n \n34.46\n \n910.14\n \n1,832.95\n \n1,142.77\n \n17,100.7\n \nJun\n119.69\n \n810.71\n \n4,104.17\n \n413.18\n \n2,244.98\n \n538.88\n \n2,596.97\n \n-\n \n63.09\n \n6.62\n \n3.89\n \n8.73\n \n929.36\n \n3,667.45\n \n37.02\n \n1,606.53\n \n1,374.23\n \n1,621.33\n \n20,146.8\n \nJul\n224.75\n \n791.31\n \n5,081.19\n \n275.44\n \n3,602.89\n \n801.93\n \n2,640.55\n \n-\n \n103.36\n \n5.49\n \n2.18\n \n9.00\n \n164.58\n \n4,043.75\n \n32.65\n \n1,587.68\n \n1,873.44\n \n1,722.66\n \n22,962.9\n \nAug\n178.74\n \n1,054.06\n \n7,123.10\n \n461.83\n \n3,778.75\n \n1,050.74\n \n3,106.90\n \n-\n \n103.86\n \n6.78\n \n1.04\n \n9.21\n \n212.50\n \n4,430.78\n \n37.42\n \n2,614.64\n \n1,744.16\n \n1,989.27\n \n27,903.8\n \nSep\n108.51\n \n1,915.41\n \n8,246.09\n \n676.17\n \n5,563.16\n \n1,575.75\n \n3,240.85\n \n-\n \n26.96\n \n6.47\n \n1.37\n \n9.40\n \n187.53\n \n4,993.71\n \n42.30\n \n3,707.80\n \n3,074.10\n \n2,440.63\n \n35,816.2\n \nOct\n138.01\n \n1,702.35\n \n10,537.81\n \n2,437.08\n \n7,376.80\n \n906.98\n \n3,416.23\n \n-\n \n27.05\n \n5.29\n \n1.15\n \n7.94\n \n254.84\n \n5,859.32\n \n41.94\n \n4,081.09\n \n1,658.19\n \n2,434.21\n \n40,886.3\n \nSource:Reserve Bank of Zimbabwe,2019\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, \nTABLE 5.1: COMMERCIAL BANKS -ASSETS\nZWL$ millions\nDebt Securities\nLoans and Advances\n \n \n \n19 \n \n \nZWL$ millions\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nDebt Securities\nForeign Liabilities\nRBZ\nOther Depository Other Finacial \nCapital\nContigent\nOther\nfrom the public\nCorporations\n Corporations\n Corporations\nand\nLiablities\nLiablities\nTOTAL\nReserves\n2017\n Jun\n3,792.5\n332.7\n949.8\n5,075.1\n423.9\n51.7\n5,550.7\n54.9\n237.5\n0.0\n43.7\n45.8\n1,095.2\n533.5\n308.0\n7,869.2\n Jul\n3,786.1\n326.0\n1,021.7\n5,133.8\n432.5\n56.2\n5,622.6\n55.3\n140.0\n0.0\n42.2\n35.3\n1,096.8\n513.6\n323.2\n7,829.0\n Aug\n4,198.3\n342.7\n1,010.3\n5,551.4\n380.7\n66.3\n5,998.3\n58.3\n136.9\n0.0\n41.8\n22.5\n1,116.1\n531.8\n322.4\n8,228.1\n Sep\n4,561.7\n355.5\n1,003.7\n5,921.0\n303.1\n32.7\n6,256.8\n42.3\n133.7\n0.0\n50.4\n31.9\n1,129.8\n472.8\n322.3\n8,440.0\n Oct\n4,771.6\n340.7\n927.8\n6,040.2\n329.8\n21.1\n6,391.1\n50.8\n127.5\n0.0\n52.5\n41.7\n1,167.6\n432.4\n340.5\n8,604.1\n Nov\n5,036.5\n380.1\n918.9\n6,335.5\n349.5\n12.7\n6,697.6\n54.0\n124.7\n0.0\n61.8\n59.9\n1,189.6\n417.7\n361.6\n8,966.9\n Dec\n5,143.9\n409.2\n850.3\n6,403.4\n302.6\n72.1\n6,778.1\n56.5\n147.2\n113.7\n78.0\n5.7\n1,205.7\n508.3\n360.4\n9,253.6\n2018\nJan\n4,640.2\n369.3\n903.3\n5,912.7\n301.3\n85.0\n6,299.0\n53.6\n418.7\n115.1\n26.2\n2.4\n1,205.0\n501.0\n385.6\n9,006.6\nFeb\n4,633.7\n375.8\n920.2\n5,929.7\n298.5\n78.6\n6,306.8\n58.1\n409.1\n111.2\n59.1\n2.4\n1,174.8\n507.8\n372.1\n9,001.5\nMar\n4,732.9\n368.8\n930.7\n6,032.4\n244.7\n92.4\n6,369.5\n61.1\n419.5\n140.5\n54.8\n6.4\n1,196.4\n504.1\n384.3\n9,136.6\nApr\n4,907.7\n394.4\n874.8\n6,176.9\n243.4\n72.8\n6,493.1\n67.4\n413.5\n82.4\n35.2\n15.7\n1,201.5\n532.0\n403.4\n9,244.0\nMay\n5,172.9\n416.2\n917.2\n6,506.3\n246.2\n85.2\n6,837.7\n66.8\n514.1\n101.5\n63.7\n19.4\n1,224.6\n458.9\n373.2\n9,659.8\nJun\n5,650.6\n504.3\n897.4\n7,052.2\n254.8\n66.9\n7,373.9\n45.0\n514.7\n119.8\n116.5\n21.1\n1,259.1\n551.4\n399.5\n10,401.0\nJul\n5,902.3\n527.0\n901.0\n7,330.3\n296.0\n12.2\n7,638.4\n72.0\n507.6\n118.9\n102.5\n16.8\n1,380.1\n611.4\n463.6\n10,911.4\nAug\n6,005.7\n540.8\n930.8\n7,477.3\n266.6\n11.5\n7,755.3\n46.4\n501.5\n137.0\n101.3\n15.4\n1,408.6\n647.7\n434.3\n11,047.4\nSep\n6,281.7\n556.4\n927.2\n7,765.3\n273.0\n23.5\n8,061.8\n40.9\n503.5\n142.2\n108.4\n21.1\n1,434.8\n637.4\n454.9\n11,405.0\nOct\n6,340.3\n509.5\n898.1\n7,747.9\n284.2\n31.1\n8,063.2\n49.3\n525.1\n147.6\n72.2\n16.5\n1,461.0\n647.5\n472.6\n11,454.9\nNov\n6,411.0\n503.9\n861.0\n7,775.9\n232.8\n27.6\n8,036.4\n41.2\n487.5\n213.7\n58.6\n17.8\n1,490.0\n633.2\n508.4\n11,486.9\nDec\n6,582.3\n495.0\n910.9\n7,988.3\n255.0\n19.7\n8,262.9\n43.3\n469.5\n229.6\n147.5\n15.6\n1,551.3\n573.8\n509.2\n11,802.7\n2019\nJan\n6,603.6\n440.8\n919.5\n7,964.0\n240.5\n20.5\n8,225.0\n42.6\n475.0\n239.5\n130.2\n14.4\n1,545.2\n517.2\n537.2\n11,726.5\nFeb\n7,129.0\n426.7\n923.8\n8,479.6\n248.9\n22.8\n8,751.4\n57.3\n647.5\n158.9\n119.1\n14.4\n1,626.6\n490.7\n511.1\n12,377.0\nMar\n7,350.5\n451.8\n915.0\n8,717.3\n225.9\n26.4\n8,969.6\n56.8\n778.3\n165.8\n108.4\n17.0\n1,804.3\n523.7\n763.2\n13,187.2\nApr\n7,861.8\n447.1\n1,280.5\n9,589.3\n260.3\n34.4\n9,884.1\n76.0\n487.7\n148.3\n145.3\n14.8\n1,935.7\n620.5\n885.4\n14,197.8\nMay\n9,143.2\n544.3\n1,412.7\n11,100.2\n309.4\n27.5\n11,437.1\n126.8\n789.2\n148.8\n164.7\n16.0\n1,916.9\n910.1\n1,591.0\n17,100.7\nJun\n10,758.5\n567.5\n1,279.7\n12,605.8\n290.5\n23.1\n12,919.4\n159.0\n1,271.1\n150.3\n161.8\n16.5\n2,409.1\n1,606.5\n1,453.0\n20,146.8\nJul\n12,675.9\n672.2\n1,367.7\n14,715.9\n357.4\n29.4\n15,102.7\n146.4\n1,254.8\n152.0\n205.6\n10.4\n2,583.9\n1,587.7\n1,919.4\n22,962.9\nAug\n14,591.5\n825.3\n1,319.0\n16,735.9\n592.1\n38.0\n17,366.1\n182.4\n1,525.0\n155.0\n88.0\n24.5\n3,065.7\n2,614.6\n2,871.4\n27,892.8\nSep\n18,105.1\n947.3\n1,337.7\n20,390.2\n504.3\n33.3\n20,927.8\n205.7\n2,120.6\n155.9\n115.4\n23.3\n3,933.6\n3,707.8\n4,609.2\n35,799.3\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 5.2 : COMMERCIAL BANKS - LIABILITIES\nDeposits\nAmounts Owing to\n \n \n \n20 \n \n \n \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\nLocal Governemt\nPublic Enterprises\nOther2\nMortgages\nGovernment\nOther\nCoins\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJun\n0.3\n \n3.7\n \n65.9\n \n208.8\n \n9.8\n \n-\n \n165.3\n \n19.0\n \n-\n \n-\n \n387.6\n \n-\n \n452.9\n \n109.6\n \n126.0\n \n1,548.8\n \nJul\n0.4\n \n3.9\n \n105.8\n \n164.6\n \n9.2\n \n-\n \n168.4\n \n17.2\n \n-\n \n-\n \n391.9\n \n-\n \n451.9\n \n110.9\n \n127.3\n \n1,551.5\n \nAug\n0.4\n \n3.1\n \n142.8\n \n152.0\n \n3.9\n \n-\n \n186.7\n \n16.3\n \n-\n \n-\n \n409.3\n \n-\n \n465.5\n \n104.7\n \n127.2\n \n1,611.9\n \nSep\n0.6\n \n1.8\n \n108.4\n \n117.0\n \n6.7\n \n-\n \n193.0\n \n16.1\n \n-\n \n-\n \n412.7\n \n-\n \n475.2\n \n113.4\n \n130.1\n \n1,574.8\n \nOct\n0.6\n \n1.1\n \n145.7\n \n110.0\n \n14.8\n \n-\n \n193.9\n \n15.4\n \n-\n \n-\n \n420.7\n \n-\n \n493.6\n \n149.9\n \n130.4\n \n1,676.0\n \nNov\n0.7\n \n0.9\n \n138.8\n \n128.4\n \n8.7\n \n-\n \n193.6\n \n18.8\n \n-\n \n-\n \n420.9\n \n-\n \n489.0\n \n160.4\n \n133.0\n \n1,693.3\n \nDec\n1.0\n \n2.6\n \n170.6\n \n134.3\n \n9.1\n \n-\n \n195.1\n \n26.8\n \n-\n \n-\n \n402.3\n \n-\n \n516.8\n \n163.2\n \n135.5\n \n1,757.3\n \n2018\nJan\n0.9\n \n2.3\n \n197.4\n \n98.7\n \n7.8\n \n-\n \n129.8\n \n34.5\n \n-\n \n-\n \n413.2\n \n-\n \n508.7\n \n144.9\n \n136.1\n \n1,674.3\n \nFeb\n1.5\n \n1.8\n \n172.4\n \n123.5\n \n5.5\n \n-\n \n141.3\n \n33.5\n \n-\n \n-\n \n414.8\n \n-\n \n507.9\n \n125.7\n \n135.7\n \n1,663.6\n \nMar\n1.4\n \n3.4\n \n175.9\n \n72.1\n \n14.1\n \n-\n \n212.6\n \n32.8\n \n-\n \n-\n \n411.4\n \n-\n \n539.4\n \n142.8\n \n132.3\n \n1,738.2\n \nApr\n1.1\n \n4.3\n \n185.5\n \n61.9\n \n3.6\n \n-\n \n184.4\n \n32.0\n \n-\n \n-\n \n413.3\n \n-\n \n582.7\n \n141.6\n \n135.2\n \n1,745.7\n \nMay\n1.0\n \n7.6\n \n196.3\n \n138.2\n \n8.1\n \n-\n \n191.0\n \n30.9\n \n-\n \n-\n \n415.0\n \n-\n \n608.4\n \n128.1\n \n137.4\n \n1,862.0\n \nJune\n1.2\n \n4.9\n \n188.6\n \n177.8\n \n1.9\n \n-\n \n266.2\n \n30.1\n \n-\n \n-\n \n413.9\n \n-\n \n614.3\n \n124.0\n \n141.5\n \n1,964.5\n \nJuly\n1.8\n \n6.6\n \n207.1\n \n185.1\n \n1.7\n \n-\n \n283.2\n \n33.3\n \n-\n \n-\n \n423.5\n \n-\n \n636.1\n \n128.2\n \n141.1\n \n2,047.7\n \nAug\n1.6\n \n3.7\n \n224.7\n \n145.3\n \n2.4\n \n-\n \n288.9\n \n32.2\n \n-\n \n-\n \n428.2\n \n-\n \n579.4\n \n139.1\n \n143.7\n \n1,989.2\n \nSep\n1.9\n \n2.9\n \n245.6\n \n92.6\n \n20.8\n \n-\n \n291.1\n \n31.2\n \n-\n \n-\n \n430.3\n \n-\n \n650.2\n \n148.1\n \n144.4\n \n2,059.1\n \nOct\n4.9\n \n2.1\n \n220.0\n \n95.8\n \n11.9\n \n-\n \n318.9\n \n30.2\n \n-\n \n-\n \n427.7\n \n-\n \n639.8\n \n154.2\n \n147.0\n \n2,052.5\n \nNov\n3.6\n \n2.9\n \n243.3\n \n35.7\n \n10.4\n \n-\n \n320.7\n \n28.9\n \n-\n \n-\n \n433.5\n \n-\n \n635.7\n \n148.0\n \n145.8\n \n2,008.5\n \nDec\n2.3\n \n4.3\n \n157.4\n \n121.3\n \n10.4\n \n-\n \n339.4\n \n28.0\n \n-\n \n-\n \n444.8\n \n-\n \n645.9\n \n179.7\n \n151.9\n \n2,085.6\n \n2019\nJan\n6.3\n \n4.6\n108.2\n \n63.5\n10.9\n \n-\n \n343.8\n \n27.3\n33.6\n \n-\n \n438.0\n \n-\n \n649.3\n \n136.7\n151.2\n \n1,973.3\n \nFeb\n5.4\n \n17.6\n120.6\n \n62.8\n18.1\n \n-\n \n339.6\n \n26.5\n-\n \n-\n \n416.1\n \n-\n \n696.1\n \n171.1\n156.7\n \n2,030.8\n \nMar\n2.6\n \n18.0\n126.3\n \n38.6\n23.9\n \n-\n \n331.7\n \n25.5\n-\n \n-\n \n415.1\n \n-\n \n710.1\n \n172.1\n207.4\n \n2,071.2\n \nApr\n3.7\n \n30.6\n220.3\n \n85.0\n47.6\n \n-\n \n271.6\n \n25.0\n-\n \n-\n \n414.1\n \n-\n \n705.0\n \n169.0\n276.2\n \n2,247.8\n \nMay\n3.9\n \n38.4\n162.2\n \n115.4\n139.0\n \n-\n \n345.5\n \n23.9\n-\n \n-\n \n406.2\n \n-\n \n776.6\n \n165.7\n363.4\n \n2,540.1\n \nJun\n6.3\n \n69.8\n361.6\n \n144.5\n132.4\n \n-\n \n265.8\n \n22.6\n-\n \n-\n \n421.7\n \n-\n \n873.6\n \n210.5\n473.0\n \n2,981.8\n \nJul\n6.5\n \n174.7\n473.9\n \n89.7\n131.1\n \n-\n \n258.3\n \n22.2\n-\n \n-\n \n416.0\n \n-\n \n934.6\n \n203.1\n565.6\n \n3,275.8\n \nAug\n5.5\n \n94.5\n758.0\n \n60.6\n115.5\n \n-\n \n247.4\n \n21.5\n-\n \n-\n \n418.1\n \n-\n \n970.6\n \n345.1\n567.6\n \n3,604.2\n \nSep\n15.8\n \n180.3\n831.8\n \n195.4\n104.2\n \n-\n \n267.6\n \n20.9\n-\n \n-\n \n499.1\n \n-\n \n1,137.6\n \n528.8\n1,042.2\n \n4,823.6\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 6.1: BUILDING SOCIETIES -ASSETS\nZWL$ millions\nDebt Securities\nLoans and Advances\n \n \n \n21 \n \n \n \n \nDebt Securities\nForeign Liabilities\nCapital\nOther\nTOTAL\nand\nLiablities\nEnd of\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Jun\n401.8\n544.4\n946.2\n70.7\n16.5\n1,033.4\n22.0\n22.0\n0.0\n65.2\n0.8\n330.0\n75.4\n1,548.8\n Jul\n430.3\n531.5\n961.8\n70.4\n16.1\n1,048.3\n22.2\n22.2\n0.0\n57.3\n0.3\n334.5\n66.8\n1,551.5\n Aug\n495.3\n546.5\n1,041.8\n70.6\n16.3\n1,128.6\n24.0\n21.3\n0.0\n37.4\n0.4\n328.9\n71.4\n1,611.9\n Sep\n488.5\n517.9\n1,006.5\n80.3\n16.7\n1,103.4\n24.8\n17.4\n0.0\n17.0\n0.2\n334.0\n78.0\n1,574.8\n Oct\n583.1\n475.2\n1,058.3\n80.9\n16.2\n1,155.4\n23.4\n26.4\n0.0\n20.6\n0.3\n338.0\n111.8\n1,676.0\n Nov\n570.3\n473.5\n1,043.8\n105.4\n16.3\n1,165.4\n23.7\n26.6\n0.0\n22.7\n0.3\n341.5\n113.0\n1,693.3\n Dec\n608.2\n496.6\n1,104.9\n105.2\n16.5\n1,226.6\n23.4\n25.9\n0.0\n22.7\n0.5\n371.7\n86.7\n1,757.3\n2018\nJan\n544.7\n497.1\n1,041.7\n105.2\n16.4\n1,163.3\n22.8\n26.1\n0.0\n22.9\n0.2\n362.1\n77.0\n1,674.3\nFeb\n512.0\n480.5\n992.5\n120.3\n16.8\n1,129.5\n28.5\n26.3\n0.0\n33.6\n0.5\n366.0\n79.2\n1,663.6\nMar\n535.1\n507.8\n1,042.9\n120.3\n16.5\n1,179.7\n27.5\n41.3\n0.0\n34.5\n0.5\n378.2\n76.5\n1,738.2\nApr\n568.0\n452.6\n1,020.5\n144.4\n17.0\n1,181.9\n27.9\n39.7\n0.0\n33.6\n0.4\n358.5\n103.7\n1,745.7\nMay\n613.8\n475.1\n1,089.0\n196.6\n16.4\n1,302.0\n32.4\n40.0\n0.0\n31.2\n0.5\n363.1\n92.8\n1,862.0\nJune\n658.5\n507.9\n1,166.5\n183.2\n16.4\n1,366.0\n33.1\n39.3\n0.0\n56.9\n0.4\n363.5\n105.2\n1,964.5\nJuly\n770.2\n542.9\n1,313.1\n128.5\n15.0\n1,456.6\n28.7\n37.5\n0.0\n30.4\n15.8\n378.9\n99.8\n2,047.7\nAug\n703.4\n534.7\n1,238.0\n133.0\n15.0\n1,386.0\n31.3\n33.9\n0.0\n18.3\n17.9\n385.8\n116.0\n1,989.2\nSep\n749.8\n502.3\n1,252.2\n166.0\n15.1\n1,433.2\n22.8\n55.9\n0.0\n20.7\n25.5\n388.6\n112.3\n2,059.1\nOct\n772.5\n471.9\n1,244.4\n151.0\n15.1\n1,410.5\n23.7\n56.3\n0.0\n21.2\n25.5\n389.9\n125.4\n2,052.5\nNov\n699.9\n511.9\n1,211.9\n134.0\n15.1\n1,360.9\n21.0\n55.6\n0.0\n16.2\n24.5\n396.1\n134.2\n2,008.5\nDec\n713.2\n540.0\n1,253.1\n139.6\n15.1\n1,407.8\n26.5\n55.3\n0.0\n40.2\n23.4\n400.1\n132.3\n2,085.6\n2019\nJan\n633.8\n490.2\n1,124.0\n140.5\n15.0\n1,279.6\n27.9\n55.5\n0.0\n58.1\n24.8\n392.8\n134.7\n1,973.3\nFeb\n661.3\n492.3\n1,153.6\n138.8\n15.0\n1,307.4\n25.8\n134.5\n0.0\n32.6\n28.2\n366.7\n135.6\n2,030.8\nMar\n655.2\n473.9\n1,129.1\n146.8\n15.0\n1,290.9\n29.0\n155.6\n0.0\n32.5\n25.7\n391.4\n146.2\n2,071.2\nApr\n782.3\n460.0\n1,242.3\n130.5\n14.9\n1,387.7\n26.0\n165.0\n0.0\n28.2\n14.1\n457.7\n169.2\n2,247.8\nMay\n895.0\n464.3\n1,359.4\n153.5\n15.0\n1,527.9\n23.9\n264.7\n0.0\n41.9\n30.6\n477.5\n173.6\n2,540.1\nJun\n1,154.3\n406.8\n1,561.1\n131.5\n15.0\n1,707.7\n23.9\n336.5\n0.0\n54.8\n27.1\n664.7\n167.0\n2,981.8\nJul\n1,192.2\n538.1\n1,730.3\n75.2\n14.9\n1,820.4\n33.0\n455.7\n0.0\n20.2\n17.0\n739.6\n189.9\n3,275.8\nAug\n1,424.7\n542.9\n1,967.6\n47.0\n15.0\n2,029.6\n31.8\n539.4\n0.0\n28.2\n3.5\n777.8\n193.9\n3,604.2\nSep\n1,686.2\n524.9\n2,211.1\n44.9\n15.0\n2,271.0\n25.5\n869.0\n0.0\n66.9\n0.0\n1,352.0\n239.1\n4,823.6\nSource:Reserve Bank of Zimbabwe,2019\nAmounts Owing to\nTABLE 6.2: BUILDING SOCIETIES -LIABILITIES\nZWL$ millions\n \n \n \n22 \n \n \n \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 \n2017\nJun\n431,677.5\n45,018.0\n16,989.2\n311,641.4\n14,435.6\n266,917.5\n343,590.2\n126,542.8\n417,469.8\n37,849.5\n595,749.5\n12,001.6\n2,619,882.5\nJul\n459,128.0\n52,500.1\n11,717.0\n255,319.0\n14,541.0\n255,591.2\n311,364.4\n131,420.5\n422,799.8\n39,630.7\n609,112.5\n14,464.3\n2,577,588.5\nAug\n457,861.9\n52,622.6\n11,736.0\n262,602.7\n17,438.9\n256,802.3\n313,868.5\n138,714.9\n420,653.6\n41,089.3\n617,686.4\n15,194.2\n2,606,271.3\nSep\n457,157.2\n48,477.1\n12,117.9\n340,506.4\n21,660.1\n265,082.3\n331,929.6\n124,822.8\n393,491.3\n41,117.0\n619,867.0\n16,061.2\n2,672,289.8\nOct\n460,475.1\n46,588.0\n12,273.6\n329,020.8\n21,810.6\n262,118.2\n317,587.0\n126,041.6\n383,374.3\n41,351.4\n634,561.2\n16,061.2\n2,651,263.1\nNov\n477,486.1\n46,318.3\n12,005.2\n323,990.0\n21,811.0\n261,421.1\n316,225.5\n123,307.2\n379,542.7\n32,215.3\n649,034.3\n16,061.2\n2,659,418.0\nDec\n489,695.6\n54,162.9\n10,119.0\n334,030.3\n21,844.6\n269,399.3\n307,802.0\n126,719.0\n375,161.7\n31,701.6\n621,421.9\n13,938.1\n2,655,996.0\n2018\nJan\n479,109.6\n59,336.8\n9,442.4\n289,531.3\n20,569.7\n258,035.0\n271,453.8\n106,425.1\n390,052.9\n32,328.6\n617,303.0\n14,394.7\n2,547,982.8\nFeb\n488,203.1\n59.,977.6\n9,271.6\n315,569.6\n20,133.1\n258,263.6\n285,045.1\n108,649.0\n393,604.9\n31,636.6\n618,377.4\n15,010.6\n2,543,764.6\nMar\n484,764.7\n64,826.5\n11,050.5\n344,731.3\n15,203.3\n274,150.2\n303,649.2\n114,431.9\n363,449.4\n32,793.4\n640,496.9\n19,893.1\n2,669,440.4\nApr\n485,790.0\n63,948.2\n10,904.2\n344,532.1\n15,015.2\n271,071.8\n294,270.8\n112,692.1\n333,633.8\n31,103.5\n631,920.5\n22,066.0\n2,616,948.2\nMay\n501,783.7\n63,555.3\n10,933.5\n362,939.6\n15,079.8\n358,553.4\n317,666.7\n117,123.0\n338,846.3\n31,523.1\n651,444.0\n24,226.4\n2,793,674.8\nJun\n475,105.7\n66,796.8\n13,907.7\n385,583.3\n15,079.8\n344,917.3\n323,212.1\n117,146.6\n335,216.9\n34,457.6\n655,427.0\n34,163.4\n2,801,014.3\nJul\n463,286.3\n70,905.2\n18,924.1\n383,314.7\n14,976.4\n140,624.6\n274,507.8\n113,776.3\n309,209.5\n37,474.0\n652,652.7\n34,402.1\n2,514,053.7\nAug\n470,756.1\n79,237.1\n15,167.3\n331,672.8\n15,021.9\n144,100.7\n271,000.5\n111,960.2\n306,022.7\n37,341.2\n666,649.4\n34,402.1\n2,483,332.1\nSep\n451,745.3\n79,055.7\n15,021.6\n341,851.7\n15,021.9\n144,799.6\n263,994.2\n112,656.6\n320,788.5\n36,914.6\n666,971.5\n64,407.1\n2,513,228.2\nOct\n453,068.3\n74,931.8\n16,036.5\n389,851.7\n15,156.8\n165,252.7\n268,933.2\n111,956.6\n313,376.8\n36,118.6\n680,445.7\n12,855.7\n2,537,984.3\nNov\n444,130.8\n133,137.6\n14,884.1\n313,733.0\n15,156.8\n165,419.8\n269,459.9\n149,908.1\n316,738.8\n45,693.2\n679,403.7\n12,265.4\n2,559,931.1\nDec\n492,669.9\n78,176.7\n15,958.0\n340,422.7\n14,425.5\n165,648.7\n253,354.3\n113,596.5\n347,242.2\n40,695.4\n669,879.6\n12,254.3\n2,544,323.9\n2019\nJan\n525,176.7\n80,480.9\n20,199.4\n349,755.6\n15,294.0\n158,458.9\n255,380.4\n123,772.8\n358,554.2\n42,355.5\n666,797.1\n16,335.7\n2,612,561.3\nFeb\n521,988.1\n79,066.7\n10,931.1\n352,797.8\n14,699.0\n80,894.7\n253,027.0\n124,474.7\n389,523.0\n40,923.5\n644,320.9\n11,446.6\n2,524,093.1\nMar\n538,072.7\n87,791.3\n18,211.5\n379,233.1\n14,556.7\n205,466.5\n270,360.1\n133,324.8\n407,638.0\n43,541.4\n731,600.3\n11,476.6\n2,841,272.8\nApr\n584,205.3\n96,516.9\n22,430.9\n421,676.7\n15,968.0\n236,000.3\n310,449.7\n193,315.8\n387,730.2\n44,465.7\n788,749.6\n14,486.6\n3,115,995.7\nMay\n712,661.5\n98,826.6\n27,802.4\n466,620.0\n17,425.9\n317,055.8\n368,550.6\n250,912.5\n441,731.0\n43,682.6\n901,283.4\n14,096.6\n3,660,649.0\nJun\n940,505.8\n82,926.8\n30,534.7\n566,391.1\n169,400.8\n876,820.4\n354,648.6\n331,070.0\n404,941.1\n49,207.3\n898,523.5\n14,258.9\n4,719,228.9\nJul\n1,060,152.4\n108,889.3\n38,005.8\n685,729.8\n22,484.8\n470,421.8\n497,581.3\n333,137.4\n643,722.0\n51,560.7\n1,111,698.0\n7,683.2\n5,031,066.5\nAug\n1,163,054.3\n117,882.9\n40,904.6\n720,937.6\n15,289.6\n524,650.1\n575,937.1\n378,008.7\n742,674.6\n51,710.4\n1,202,415.1\n5,830.8\n5,539,295.7\nSep\n1,379,203.2\n101,683.9\n20,216.2\n755,828.9\n15,563.7\n143,032.2\n520,659.8\n487,089.9\n594,143.3\n59,974.6\n1,004,073.3\n6,055.4\n5,087,524.4\nSource:Reserve Bank of Zimbabwe,2019\n/1 Including the only merchant bank still in operation.\nTABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nZWL$ ('000)\n \n \n \n23 \n \n \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS\nORGANISATIONS\n2017\nJun\n295,920.4\n109,938.0\n248,436.3\n712,648.0\n334,368.7\n1,121,023.5\n408,604.0\n185,262.3\n1,521,876.3\n107,327.1\n697,997.7\n74,195.4\n5,817,597.8\nJul\n309,864.7\n126,628.5\n262,827.7\n587,617.1\n341,371.5\n1,143,423.8\n423,846.6\n191,273.6\n1,599,344.4\n99,509.8\n680,622.6\n76,164.4\n5,842,494.6\nAug\n302,611.3\n149,014.9\n296,550.6\n914,686.8\n346,236.8\n1,131,207.5\n453,584.0\n169,521.2\n1,562,637.2\n111,394.6\n746,644.5\n90,999.4\n6,275,088.8\nSep\n348,786.3\n146,383.0\n286,092.4\n796,517.1\n340,224.7\n1,072,979.9\n571,373.7\n211,077.0\n1,705,640.6\n122,645.6\n747,874.4\n72,255.0\n6,421,849.6\nOct\n345,521.0\n138,274.9\n238,975.9\n778,597.1\n355,135.9\n1,138,203.7\n565,046.4\n259,285.2\n1,694,691.4\n123,908.8\n741,652.0\n72,255.0\n6,451,547.3\nNov\n336,339.3\n144,708.5\n239,524.3\n927,820.8\n362,515.4\n986,824.6\n629,010.4\n250,132.7\n1,694,043.5\n131,768.3\n761,400.5\n72,255.0\n6,536,343.3\nDec\n317,794.8\n160,261.7\n284,829.7\n890,549.4\n375,616.4\n1,073,707.0\n686,933.4\n257,197.2\n1,712,823.9\n143,466.1\n711,031.6\n62,444.8\n6,676,655.9\n2018\nJan\n380,283.8\n151,436.0\n257,298.2\n918,787.6\n365,354.6\n1,050,097.7\n652,999.0\n248,933.0\n1,757,391.8\n141,913.2\n669,049.8\n67,904.7\n6,661,449.4\nFeb\n455,217.0\n224,070.1\n263,961.9\n897,453.2\n399,016.2\n949,795.6\n674,828.4\n354,052.8\n1,701,611.4\n107,779.5\n680,060.2\n67,686.4\n6,775,532.7\nMar\n451,992.5\n142,332.9\n296,310.0\n825,805.5\n376,593.0\n1,001,674.3\n597,436.8\n253,127.4\n1,827,464.3\n163,971.7\n597,436.8\n63,604.3\n6,597,749.5\nApr\n476,448.1\n144,564.6\n310,795.6\n806,144.7\n364,824.6\n988,527.2\n649,893.0\n255,761.8\n1,892,415.2\n179,252.3\n712,565.9\n65,398.2\n6,846,591.4\nMay\n494,612.8\n152,567.4\n350,409.2\n874,140.5\n374,089.9\n1,097,970.7\n700,891.9\n271,892.0\n1,913,394.9\n186,192.5\n745,592.7\n64,970.7\n7,226,725.2\nJun\n465,984.0\n164,242.3\n391,142.3\n948,703.0\n368,260.1\n1,140,652.9\n754,981.1\n324,355.8\n2,160,400.4\n200,774.3\n779,012.8\n64,786.3\n7,763,295.2\nJul\n445,780.0\n226,433.0\n413,409.1\n955,925.6\n420,416.6\n1,120,834.7\n760,588.2\n321,078.4\n2,192,743.2\n200,523.6\n822,857.6\n64,786.3\n7,945,376.2\nAug\n429,439.9\n189,498.0\n386,595.6\n980,354.1\n429,659.7\n1,091,202.9\n782,008.7\n297,412.3\n1,968,724.0\n196,068.8\n836,719.1\n64,786.3\n7,652,469.3\nSep\n447,556.4\n206,194.1\n382,491.5\n1,186,453.7\n444,599.1\n1,070,365.1\n811,296.2\n302,579.3\n2,059,093.1\n247,105.7\n906,767.6\n84,514.5\n8,149,016.3\nOct\n445,484.4\n199,531.1\n391,968.4\n984,701.5\n469,891.9\n1,153,855.9\n846,453.3\n315,808.5\n2,110,864.2\n260,816.9\n817,328.3\n67,915.2\n8,064,619.7\nNov\n489,192.9\n194,869.4\n391,442.4\n925,081.3\n441,534.3\n1,248,555.8\n827,349.4\n316,945.5\n2,059,370.1\n261,756.5\n825,642.2\n66,458.7\n8,048,198.5\nDec\n494,011.3\n201,871.0\n531,888.3\n1,034,592.5\n428,738.7\n1,196,503.2\n823,081.9\n331,251.3\n2,063,550.8\n278,659.0\n802,507.6\n63,361.3\n8,250,016.9\n2019\nJan\n505,422.9\n391,022.0\n497,976.2\n1,034,948.2\n411,945.9\n1,187,606.7\n882,289.7\n322,030.3\n2,154,902.3\n135,871.6\n763,189.5\n63,064.3\n8,350,269.7\nFeb\n512,602.3\n374,750.6\n394,709.1\n936,123.6\n449,800.9\n904,919.4\n855,348.4\n347,405.5\n2,355,866.1\n138,685.8\n776,949.7\n63,097.1\n8,110,258.7\nMar\n526,564.2\n343,684.3\n376,205.6\n937,743.4\n393,489.3\n1,317,757.7\n861,574.9\n380,295.4\n2,099,331.1\n141,677.2\n773,726.4\n63,094.9\n8,215,144.4\nApr\n632,972.5\n255,945.6\n1,010,978.7\n90,282.6\n462,133.1\n1,535,772.6\n890,606.5\n325,814.6\n2,413,535.6\n320,213.5\n876,646.5\n90,282.6\n9,963,832.2\nMay\n832,073.6\n305,410.9\n1,321,039.7\n1,177,925.1\n522,764.9\n1,646,358.6\n1,142,369.6\n372,594.9\n2,765,341.2\n371,372.0\n965,202.7\n93,188.9\n11,515,642.2\nJun\n1,001,633.6\n309,108.9\n1,124,005.3\n1,337,171.0\n546,572.5\n2,210,293.9\n1,319,789.8\n562,858.0\n3,493,214.3\n434,828.2\n1,070,319.7\n52,118.6\n13,461,913.9\nJul\n1,171,245.4\n353,388.5\n1,504,911.5\n1,241,910.1\n654,904.7\n2,553,878.7\n1,383,215.2\n585,108.2\n4,131,588.8\n463,161.9\n1,304,402.7\n71,943.6\n15,419,659.2\nAug\n1,313,462.5\n477,215.8\n1,795,905.4\n1,687,246.4\n804,316.2\n2,591,386.5\n1,647,680.2\n1,114,306.0\n3,872,187.0\n503,541.6\n1,532,441.9\n75,829.3\n11,337,372.4\nSep\n1,581,141.7\n321,121.4\n1,934,554.4\n1,728,390.1\n952,548.3\n3,086,893.1\n1,638,855.1\n1,375,546.6\n5,961,405.3\n589,939.6\n1,848,708.4\n76,775.9\n21,095,879.8\nSource: Reserve Bank of Zimbabwe,2019\n TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nZWL$ ('000)\n \n24 \n \n \nEnd of\nNominal Lending \nRates 1\nIndividuals \nCorporate\n2017 \nJan\n4.00-18.00\n10.61\n6.68\nFeb\n4.00-18.00\n10.06\n6.52\nMar\n4.00-18.00\n9.12\n7.02\nApr\n4.00-18.00\n9.25\n7.02\nMay\n4.00-18.00\n9.17\n7.03\nJun\n4.00-18.00\n9.01\n7.05\nJul\n4.00-18.00\n8.94\n7.05\nAug\n4.00-18.00\n8.88\n6.95\nSep\n4.45-18.00\n8.86\n7.01\nOct\n4.45-18.00\n9.66\n7.06\nNov\n4.45-18.00\n9.66\n7.03\nDec\n4.45-18.00\n9.39\n7.00\n2018\nJan\n4.45-18.00\n9.33\n6.99\nFeb\n4.45-18.00\n9.57\n6.93\nMar\n4.45-18.00\n9.64\n6.98\nApr\n4.00-18.00\n9.32\n7.08\nMay\n4.00-18.00\n9.28\n7.09\nJun\n4.00-18.00\n9.32\n7.14\nJul\n4.00-18.00\n9.75\n6.97\nAug\n4.00-18.00\n9.87\n7.10\nSep\n4.00-18.00\n9.56\n7.11\nOct\n4.00-18.00\n9.47\n7.38\nNov\n4.00-18.00\n9.49\n7.38\nDec\n4.00-18.00\n9.48\n7.39\n2019\nJan\n4.00-18.00\n9.47\n7.40\nFeb\n4.00-18.00\n9.23\n7.30\nMar\n4.00-18.00\n9.23\n7.31\nApr\n4.00-18.00\n9.30\n7.38\nMay\n4.00-22.00\n9.31\n7.33\nJun\n4.00-22.00\n9.15\n7.67\nJul\n4.00-35.00\n9.54\n8.40\nAug\n4.00-35.00\n14.37\n18.43\nSep\n4.00-35.00\n14.64\n19.81\nSource:Reserve Bank of Zimbabwe, 2019\nNotes\nTABLE 8.1: LENDING RATES (percent per annum)\n1. Nominal lending rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Lending Rates\n \n25 \n \nEND OF\nSAVINGS\n3 MONTHS\n2017 \nJan\n0.50-6.00\n1.00-17.00\nFeb\n0.50-6.00\n1.00-17.00\nMar\n0.50-6.00\n1.00-17.00\nApr\n0.50-6.00\n1.00-17.00\nMay\n0.50-6.00\n1.00-9.50**\nJun\n0.50-6.00\n1.00-12.00\nJul\n0.50-6.00\n1.00-12.00\nAug\n0.50-6.00\n1.00-12.00\nSep\n0.50-12.00\n0.75-8.00\nOct\n0.50-12.00\n0.75-8.00\nNov\n0.50-12.00\n0.75-8.00\nDec\n0.50-12.00\n0.75-8.00\n2018\nJan\n0.22-12.00\n0.75-8.00\nFeb\n0.22-12.00\n0.75-8.00\nMar\n0.22-12.00\n0.75-8.00\nApr\n0.22-12.00\n0.75-8.00\nMay\n0.22-12.00\n0.75-8.00\nJun\n0.22-12.00\n0.75-8.00\nJul\n0.22-12.00\n0.75-8.00\nAug\n0.22-12.00\n0.75-8.00\nSep\n0.22-12.00\n0.75-8.00\nOct\n0.22-12.00\n0.75-8.00\nNov\n0.22-12.00\n1.00-8.00\nDec\n0.22-12.00\n1.00-6.75\n2019\nJan\n0.22-12.00\n1.00-8.00\nFeb\n0.22-12.00\n1.00-6.75\nMar\n0.22-12.00\n1.00-8.00\nApr\n0.22-12.00\n1.00-8.00\nMay\n0.22-12.00\n1.00-8.00\nJun\n0.22-12.00\n1.00-8.00\nJul\n0.22-12.00\n1.00-8.00\nAug\n0.22-12.00\n1.00-8.00\nSep\n0.22-12.00\n1.00-8.00\n Source:Reserve Bank of Zimbabwe, 2019\n* Deposit rates depict the range of rates qouted by banks. \n **Banks have adjusted their costs of holding deposits following the call by the RBZ to reduce lending rates. \nTABLE 8.2 : BANK DEPOSIT RATES (percent per annum)\nCOMMERCIAL BANKS\n \n 26 \n \n \nALCOHOLIC \nBEVERAGES \nCLOTHING &\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICA\nTION\nRECREATION \n&\nEDUCATION\nRESTAURA\nNTS &\nMISC.\nTOTAL NON\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\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\n2017 \nJan\n-0.14\n-0.15\n0.10\n0.34\n-0.15\n-0.75\n0.44\n0.27\n0.00\n0.29\n0.08\n0.01\n0.80\n0.23\nFeb\n0.05\n-0.14\n0.13\n0.70\n-0.03\n0.11\n0.00\n-0.04\n0.00\n0.18\n0.52\n0.23\n1.56\n0.61\nMar\n0.15\n0.03\n-0.07\n0.64\n0.11\n0.21\n-0.02\n0.18\n0.00\n0.01\n0.36\n0.13\n-0.21\n0.03\nApr\n-0.11\n0.02\n0.04\n0.06\n-0.04\n0.00\n0.05\n0.02\n2.02\n0.34\n-0.07\n0.22\n-0.36\n0.05\nMay\n0.13\n0.09\n-0.01\n0.02\n0.13\n0.04\n0.00\n-0.21\n0.00\n-0.39\n-0.09\n0.01\n0.07\n0.03\nJun\n0.21\n0.03\n-0.82\n0.38\n-0.03\n-0.18\n0.00\n0.18\n0.00\n0.29\n0.33\n-0.15\n-0.45\n-0.24\nJul\n0.19\n0.01\n0.01\n-0.06\n0.01\n-0.23\n-0.08\n0.05\n-2.81\n1.10\n0.11\n-0.33\n-0.42\n-0.36\nAug\n-0.18\n0.10\n0.06\n0.05\n0.03\n0.00\n0.03\n0.13\n0.00\n0.00\n0.06\n0.01\n-0.47\n-0.13\nSep\n0.02\n0.45\n0.24\n1.10\n0.07\n-0.31\n0.14\n0.64\n0.00\n0.05\n0.12\n0.27\n0.66\n0.38\nOct\n0.63\n1.44\n0.24\n3.49\n1.07\n1.08\n0.37\n3.08\n0.00\n0.45\n2.66\n1.25\n2.27\n1.54\nNov\n0.28\n0.62\n0.06\n1.32\n0.38\n0.29\n-0.04\n1.14\n-1.43\n-0.72\n1.10\n0.33\n1.74\n0.74\nDec\n0.28\n0.72\n-0.43\n0.45\n0.01\n0.29\n-0.01\n0.78\n0.00\n0.49\n0.74\n0.21\n1.29\n0.53\n2018\nJan\n0.17\n0.67\n0.02\n0.55\n0.10\n0.00\n-0.04\n1.78\n0.00\n-0.16\n0.64\n0.26\n0.39\n0.30\nFeb\n0.26\n0.91\n0.01\n0.43\n0.00\n-0.02\n0.15\n0.90\n0.00\n0.01\n0.21\n0.19\n-0.18\n0.08\nMar\n0.13\n-0.34\n-0.74\n0.46\n0.18\n-1.29\n-1.60\n1.58\n0.01\n-0.14\n-0.55\n0.09\n-0.03\n-0.25\nApr\n0.20\n0.34\n-0.01\n0.00\n0.10\n-0.32\n-0.21\n-0.10\n0.63\n1.85\n0.26\n0.11\n0.02\n0.08\nMay\n-0.03\n0.10\n0.00\n-0.12\n0.03\n0.14\n-0.01\n0.08\n0.00\n0.05\n0.33\n0.03\n0.02\n0.03\nJun\n0.60\n0.14\n-0.16\n-0.48\n0.38\n0.19\n0.10\n-0.25\n0.00\n0.26\n1.00\n0.04\n-0.23\n-0.05\nJul\n0.43\n0.38\n0.00\n0.40\n0.31\n0.17\n0.08\n0.65\n7.16\n3.20\n0.75\n1.09\n0.74\n0.98\nAug\n0.13\n0.45\n0.00\n0.91\n0.24\n0.47\n0.00\n-0.23\n0.00\n0.11\n0.34\n0.28\n0.62\n0.39\nSep\n0.22\n1.35\n0.53\n2.79\n1.90\n0.51\n0.32\n0.22\n0.00\n0.28\n0.07\n0.85\n1.05\n0.92\nOct\n7.89\n45.88\n2.94\n26.86\n12.94\n19.13\n1.39\n27.66\n0.00\n9.86\n13.64\n14.66\n20.12\n16.44\nNov\n7.21\n10.63\n4.80\n9.12\n3.36\n2.31\n0.18\n16.33\n0.35\n9.29\n15.42\n6.50\n14.53\n9.20\nDec\n10.22\n8.07\n2.77\n8.07\n8.49\n28.61\n1.26\n3.19\n0.00\n13.84\n10.07\n9.01\n9.07\n9.03\n2019\nJan\n13.35\n1.04\n4.35\n9.46\n11.64\n47.25\n1.12\n11.01\n0.10\n11.73\n6.72\n12.83\n6.94\n10.75\nFeb\n2.94\n5.94\n2.77\n2.73\n2.93\n-7.70\n0.14\n3.42\n0.02\n2.20\n4.34\n0.70\n3.56\n1.67\nMar\n14.29\n5.56\n2.34\n5.20\n2.30\n3.06\n0.14\n3.92\n3.66\n4.54\n5.16\n4.05\n5.10\n4.38\nApr\n12.05\n6.57\n0.65\n5.84\n19.90\n3.40\n3.50\n5.36\n6.93\n19.74\n5.35\n4.45\n7.85\n5.52\nMay\n21.57\n11.89\n2.54\n11.51\n16.85\n16.18\n31.21\n29.81\n3.05\n6.67\n8.96\n10.12\n17.63\n12.54\nJun\n40.94\n59.89\n18.11\n63.80\n46.53\n41.90\n2.32\n35.38\n0.06\n28.71\n36.63\n31.23\n55.07\n39.26\nJul\n23.72\n27.68\n9.19\n27.01\n43.32\n26.39\n7.48\n36.17\n11.05\n30.51\n39.79\n21.72\n19.90\n21.04\nAug\n18.09\n10.81\n13.65\n11.18\n7.47\n32.66\n67.86\n12.65\n4.09\n8.67\n18.77\n17.79\n18.55\n18.07\nSep\n11.01\n17.47\n15.52\n14.73\n18.68\n16.83\n1.29\n18.03\n4.10\n8.42\n35.01\n16.63\n19.55\n17.72\nSource:Zimstat, 2019\nFOOD & NON \nALCOHOLIC \nBEVERAGES\nALL \nITEMS\nTABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n(February 2019 = 100)\n \n \n \n27 \n \n \nF OOD \nIN F LA TION\nA LC OHOLIC \nC LOTHIN G\nHOUS IN G, \nWA TER ,\nF UR N ITUR E\nM IS C .\nF OOD & \nB EVER A GES \n& \nELEC TR IC TY, \nGA S\nA N D\nR EC R EA TION \n&\nR ES TA UR A N TS \n&\nGOOD S &\nTOTA L N ON\nN ON \nA LC OHOLIC \nA LL\n& TOB A C C O\nF OOTWEA R\n& OTHER\nEQUIP M EN T\nC ULTUR E\nHOTELS\nS ER VIC ES\nF OOD\nB EVER A GES\nITEM S\nF UELS\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\n2017\nJan\n-0.61\n-1.52\n-2.16\n-0.62\n-0.68\n-1.76\n-1.44\n0.20\n3.49\n-0.02\n-0.62\n-0.79\n-0.30\n-0.65\nFeb\n-0.42\n-1.66\n-1.91\n0.26\n-0.53\n-1.29\n-1.31\n0.18\n3.49\n0.24\n-0.05\n-0.43\n1.29\n0.06\nMar\n-0.13\n-1.45\n-0.95\n1.64\n-0.30\n-0.79\n-1.74\n0.40\n0.12\n0.87\n0.92\n-0.19\n1.21\n0.21\nApr\n-0.26\n-1.29\n-0.89\n2.03\n-0.33\n-0.86\n-1.61\n0.44\n2.16\n1.30\n1.21\n0.13\n1.35\n0.48\nMay\n0.15\n-0.98\n-1.01\n2.16\n-0.01\n-0.71\n0.00\n0.17\n2.16\n0.88\n1.46\n0.28\n1.92\n0.75\nJun\n0.29\n-0.74\n-2.39\n2.52\n-0.19\n-0.81\n0.00\n0.59\n-0.48\n0.86\n1.70\n-0.28\n1.82\n0.31\nJul\n0.47\n-0.58\n-2.43\n2.41\n-0.03\n-1.01\n0.29\n0.55\n-3.28\n1.93\n2.12\n-0.56\n1.92\n0.14\nAug\n0.35\n-0.26\n-2.37\n2.50\n0.02\n-0.88\n0.33\n0.78\n-3.28\n1.92\n2.05\n-0.50\n1.76\n0.14\nSep\n0.27\n0.22\n-1.05\n3.91\n0.12\n-1.11\n0.57\n1.69\n-3.28\n1.97\n2.07\n0.10\n2.49\n0.78\nOct\n0.95\n1.91\n-0.68\n7.47\n1.22\n0.02\n0.94\n4.84\n-3.28\n2.49\n4.61\n1.38\n4.40\n2.24\nNov\n1.17\n2.62\n-0.62\n8.78\n1.67\n-0.02\n0.89\n5.83\n-2.25\n1.76\n5.62\n1.91\n5.65\n2.97\nDec\n1.51\n3.27\n-0.45\n8.77\n1.57\n0.55\n0.89\n6.35\n-2.26\n2.09\n6.04\n2.20\n6.60\n3.46\n2018\nJan\n1.83\n4.12\n-0.52\n9.00\n1.82\n1.30\n0.41\n7.95\n-2.25\n1.63\n6.64\n2.45\n6.17\n3.52\nFeb\n2.04\n5.21\n-0.65\n8.71\n1.84\n1.17\n0.56\n8.96\n-2.25\n1.45\n6.31\n2.41\n4.35\n2.98\nMar\n2.02\n4.81\n-1.32\n8.52\n1.91\n-0.35\n-1.03\n10.48\n-2.24\n1.30\n5.35\n2.37\n4.54\n2.68\nApr\n2.34\n5.14\n-1.36\n8.45\n2.06\n-0.67\n-1.28\n10.36\n-3.58\n2.84\n5.70\n2.26\n4.94\n2.71\nMay\n2.18\n5.15\n-1.36\n8.30\n1.96\n-0.58\n-1.30\n10.67\n-3.58\n3.29\n6.14\n2.28\n4.89\n2.71\nJun\n2.58\n5.27\n-0.70\n7.36\n2.38\n-0.20\n-1.20\n10.20\n-3.58\n3.26\n6.85\n2.48\n5.12\n2.91\nJul\n2.83\n5.66\n-0.71\n7.86\n2.68\n0.20\n-1.04\n10.86\n6.31\n5.42\n7.53\n3.94\n6.35\n4.29\nAug\n3.15\n6.03\n-0.77\n8.78\n2.89\n0.67\n-1.07\n10.47\n6.31\n5.53\n7.84\n4.22\n7.52\n4.83\nSep\n3.35\n6.98\n-0.47\n10.60\n4.77\n1.49\n-0.89\n10.00\n6.31\n5.77\n7.79\n4.83\n7.94\n5.39\nOct\n10.81\n53.83\n2.20\n35.57\n17.08\n19.61\n0.11\n36.24\n6.31\n15.68\n19.31\n18.71\n26.78\n20.85\nNov\n18.47\n69.14\n7.04\n46.01\n20.56\n22.02\n0.34\n56.70\n8.23\n27.34\n36.21\n26.02\n42.71\n31.01\nDec\n30.21\n81.48\n10.48\n57.08\n30.80\n56.47\n1.61\n60.45\n8.22\n44.26\n48.82\n37.08\n53.68\n42.09\n2019\nJan\n47.34\n82.13\n15.27\n71.00\n45.88\n130.41\n2.79\n75.00\n8.32\n61.45\n57.81\n54.26\n63.71\n56.90\nFeb\n51.28\n91.22\n18.46\n74.92\n50.16\n112.71\n2.78\n79.38\n8.34\n64.99\n64.31\n55.04\n69.84\n59.39\nMar\n72.67\n102.55\n22.14\n83.18\n53.34\n122.10\n4.59\n83.51\n12.30\n72.72\n73.75\n61.19\n78.55\n66.80\nApr\n93.08\n115.13\n22.94\n93.88\n83.66\n130.40\n8.49\n93.54\n19.33\n103.06\n82.56\n68.17\n92.52\n75.86\nMay\n134.80\n140.46\n26.07\n116.47\n114.54\n167.32\n42.36\n151.04\n22.97\n116.49\n98.28\n85.94\n126.43\n97.85\nJun\n228.95\n283.96\n49.13\n256.29\n213.17\n278.58\n45.52\n240.71\n23.05\n177.91\n168.24\n142.84\n251.94\n175.66\nSource:Zimstat, 2019\nTABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n(February 2019 = 100)\nC OM M UN IC A TION\nTR A N S P OR T\nHEA LTH\nED UC A TION\nN ON -F OOD IN F LA TION\n \n \n \n28 \n \n \n(US$ MILLIONS)\nEnd Period\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n2016\n2017\n2018\nLong-Term External Debt\n6,326\n6,556\n7,713\n8,125\n8,655\n10,234\n9,341\n9,305\n9,555\n9,827\nGovernment\n5,304\n5,039\n6,128\n6,321\n6,172\n6,192\n6,097\n6,015\n6,200\n6,306\nBilateral Creditors\n3,703\n3,402\n4,087\n4,087\n4,088\n4,115\n4,115\n4,129\n4,194\n4,261\nMultilateral Creditors\n1,591\n1,627\n2,041\n2,235\n2,084\n2,078\n1,982\n1,886\n2,006\n2,045\nPrivate Creditors\n10\n10\n0\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n825\n825\n1,092\n1,198\n1,356\n1,661\n1,220\n1,370\n1,406\n1,426\nBilateral Creditors\n497\n497\n711\n703\n858\n1,155\n760\n779\n843\n898\nMultilateral Creditors\n327\n327\n382\n495\n498\n506\n460\n591\n562\n528\nPrivate Creditors\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nMultilateral Creditors - IMF\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nPrivate\n57\n142\n366\n480\n1,002\n2,261\n1,913\n1,920\n1,949\n2,095\nShort-Term External Debt\n1,348\n2,040\n1,286\n891\n1,564\n2,394\n2,258\n2,304\n2,299\n2,374\nSupplier's Credits\n193\n286\n134\n30\n0\n0\n0\n0\n0\n0\nReserve Bank\n998\n1,300\n615\n615\n614\n587\n587\n573\n507\n441\nPrivate\n156\n454\n537\n246\n950\n1,807\n1,671\n1,731\n1,792\n1,933\nTotal External Debt\n7,481\n8,309\n8,866\n8,986\n10,219\n12,628\n11,599\n11,610\n11,854\n13,134\nSource: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2019\nTABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n29 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUSA\nSOUTH ARFICAN\nBOTSWANA\nJAPANESE\nEURO\nPOUND\nEND OF\nDollar\nRAND\nPULA\nYEN\nSTERLING\n2019\nMar\n3.0120\n0.2064\n0.2789\n0.0272\n3.3832\n3.9363\nApr\n3.2614\n0.2275\n0.3031\n0.0292\n3.6490\n4.2209\nMay\n5.2635\n0.3550\n0.4831\n0.0483\n5.8585\n6.6391\nJun\n6.6220\n0.4673\n0.6231\n0.0615\n7.5245\n8.3906\nJul\n9.1900\n0.6494\n0.8621\n0.0846\n10.0000\n11.1111\nAug\n10.51\n0.6833\n0.95\n0.09\n11.63\n12.82\nSep\n15.20\n1.0234\n1.38\n0.14\n16.63\n18.70\nSource: Reserve Bank of Zimbabwe, 2019\n TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES\n1. Zimbabwe Dollar (ZWL$) per unit of foreign currency\n \n \n \n30 \n \n \n \nMarket Capitalisation\nEND OF\nAll Share*\nZWL$ millions\n2017\nJan\n-\n140.2\n56.3\n8.6\n31,616,982\n3,903.7\nFeb\n-\n135.3\n56.5\n11.5\n85,314,995\n3,770.0\nMar\n-\n139.0\n58.6\n26.9\n145,238,255\n3,871.3\nApr\n-\n143.0\n66.3\n11.2\n75,857,712\n4,182.8\nMay\n-\n162.3\n69.6\n16.8\n170,830,515\n4,740.1\nJun\n-\n196.0\n69.8\n39.7\n311,145,262\n5,695.2\nJul\n-\n203.3\n69.4\n24.7\n149,425,245\n5,759.0\nAug\n-\n235.0\n73.5\n13.6\n107,920,143\n6,659.4\nSep\n-\n418.4\n122.6\n89.5\n245,278,194\n11,860.2\nOct\n-\n521.9\n132.5\n168.8\n1,006,687,304\n14,830.3\nNov\n-\n376.7\n126.9\n207.5\n196,489,710\n10,777.7\nDec\n-\n333.0\n142.4\n75.3\n844,189,447\n9,580.6\n2018\nJan\n91.3\n305.4\n130.4\n31.4\n55,032,220\n8,652.9\nFeb\n88.0\n294.6\n124.9\n63.7\n138,142,187\n8,386.0\nMar\n87.0\n291.0\n125.1\n40.3\n108,997,097\n8,290.4\nApr\n98.7\n330.7\n124.4\n44.4\n206,342,675\n9,405.3\nMay\n108.3\n361.5\n151.5\n59.3\n129,155,586\n10,393.2\nJun\n102.9\n342.8\n161.3\n73.0\n234,834,368\n9,792.2\nJul\n114.3\n384.3\n164.0\n114.9\n624,256,160\n10,969.7\nAug\n117.3\n394.6\n161.3\n50.5\n142,150,599\n12,475.4\nSep\n115.1\n387.0\n163.8\n61.1\n197,401,341\n12,265.5\nOct\n163.8\n549.8\n217.3\n449.6\n316,060,000\n17,960.0\nNov\n160.4\n538.7\n208.6\n118.0\n153,874,660\n17,316.6\nDec\n146.2\n487.1\n227.7\n93.0\n144,479,601\n19,424.4\n2019\nJan\n157.5\n525.9\n213.1\n110.3\n122,778,938\n20,888.4\nFeb\n148.1\n494.3\n206.9\n295.8\n229,935,122\n19,773.4\nMar\n121.7\n405.6\n194.0\n70.8\n123,398,632\n16,084.9\nApr\n133.7\n446.5\n186.5\n116.5\n134,394,898\n17,502.7\nMay\n188.1\n628.4\n225.8\n193.5\n237,334,372\n24,920.0\nJun\n204.8\n683.5\n255.3\n235.5\n293,138,775\n27,017.2\nJul\n187.1\n624.4\n244.6\n191.0\n163,556,663\n24,636.1\nAug\n166.36\n553.59\n269.6\n109.0\n117,688,558\n21,742.2\nSep\n232.52\n774.55\n317.8\n166.6\n335,373,041\n30,527.2\nSource:Zimbabwe Stock Exchange ,2019\n*All Share index was introduced in January 2018\nIndices\nTABLE 12: ZIMBABWE STOCK MARKET STATISTICS\nIndustrial\n Market Turnover \nZWL$ million \nVolume of Shares\nMining\n \n \n \n31 \n \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n \nINTERNET\n2017\nJan\n 4,052.7 \n7.5\n368.7\n70.4\n 495.55 \n318.9\nFeb\n 4,246.6 \n7.0\n327.3\n58.4\n 472.30 \n324.1\nMar\n 4,629.8 \n7.4\n392.2\n58.8\n 671.60 \n399.7\nApr\n 4,178.8 \n4.8\n466.9\n39.3\n 792.50 \n337.6\nMay\n 4,974.0 \n6.5\n557.8\n44.7\n 939.90 \n618.7\nJun\n 5,346.4 \n6.3\n558.8\n34.6\n 1,095.55 \n500.3\nJul\n 4,805.1 \n5.7\n588.4\n29.4\n 1,601.38 \n586.4\nAug\n 5,325.1 \n5.2\n590.1\n24.7\n 1,776.44 \n583.3\nSep\n 6,031.4 \n5.2\n651.1\n16.1\n 2,159.26 \n731.9\nOct\n 5,991.3 \n5.4\n681.9\n19.4\n 2,401.62 \n779.2\nNov\n 6,259.7 \n4.9\n666.5\n15.9\n 2,561.84 \n798.3\nDec\n 5,877.2 \n3.6\n778.4\n16.3\n 3,052.72 \n1043.3\n2018\nJan\n 5,548.1 \n4.9\n663.5\n21.3\n 2,318.80 1,006.05 \nFeb\n 4,706.6 \n4.5\n594.0\n13.9\n 2,015.11 831.05 \nMar\n 6,300.4 \n4.5\n654.2\n12.5\n 2,657.10 864.83 \nApr\n 5,786.8 \n3.3\n640.9\n11.5\n 3,002.63 822.58 \nMay\n 7,298.4 \n4.2\n819.7\n10.5\n 3,550.07 968.58 \nJun\n 7,997.3 \n4.7\n779.4\n8.3\n 3,724.31 1,135.49 \nJul\n 8,290.0 \n4.0\n790.0\n9.4\n 4,446.68 1,262.53 \nAug\n 7,762.9 \n2.9\n811.2\n14.0\n 4,558.54 1,254.96 \nSep\n 7,155.0 \n4.0\n842.5\n17.0\n 4,462.40 1,393.08 \nOct\n 8,230.5 \n4.2\n821.3\n17.9\n 4,607.38 1,428.20 \nNov\n 7,922.5 \n3.7\n657.5\n19.9\n 3,964.78 1,026.70 \nDec\n 8,355.2 \n2.8\n917.2\n14.6\n 4,833.80 1,102.90 \n2019\nJan\n 6,903.0 \n2.9\n 1,294.05 \n16.9\n 3,608.83 1,056.16 \nFeb\n 8,337.0 \n4.0\n 1,330.58 \n17.2\n 3,594.51 1,093.64 \nMar\n 9,881.5 \n3.9\n 1,399.50 \n18.3\n 4,080.65 1,250.55 \nApr\n 10,321.4 \n3.1\n 1,590.10 \n14.0\n 4,949.34 1,408.53 \nMay\n 14,670.3 \n4.2\n 1,397.48 \n11.8\n 6,692.55 1,897.82 \nJun\n 17,881.2 \n3.7\n 1,464.66 \n30.1\n 7,130.02 2,539.84 \nJul\n 23,309.9 \n3.7\n 1,806.45 \n36.6\n 9,137.36 3,295.81 \nAug\n 23,596.6 \n2.4\n 2,181.56 \n38.5\n 11,077.65 3,493.56 \nSep\n 30,328.1 \n3.8\n 3,029.87 \n51.9\n 15,112.00 5,337.71 \nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS \n Values of Transactions (ZWL$ millions)\n \n \n \n32 \n \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2017\nJan\n 350.0 \n26.7\n 12,756.3 1,173.6 27,550.1 191.0 \nFeb\n 326.3 \n27.8\n 8,952.0 953.5 26,820.1 207.0 \nMar\n 414.2 \n31.0\n 11,124.0 922.2 35,604.1 244.1 \nApr\n 363.7 \n21.6\n 13,595.5 652.9 40,089.0 231.0 \nMay\n 531.8 \n27.8\n 16,623.4 820.6 47,019.1 323.3 \nJun\n 525.0 \n29.3\n 17,466.2 696.9 53,738.1 342.1 \nJul\n 521.8 \n30.0\n 20,013.7 636.1 61,162.4 382.6 \nAug\n 541.5 \n26.6\n 20,303.0 595.6 70,771.6 419.1 \nSep\n 620.0 \n27.2\n 20,731.0 478.0 83,303.0 432.0 \nOct\n 609.6 \n27.2\n 23,764.6 475.1 92,540.6 478.9 \nNov\n 575.3 \n25.6\n 22,748.6 347.3 97,945.2 473.0 \nDec\n 524.2 \n19.2\n 26,779.1 347.2 118,198.9 524.8 \nAnnual Total\n 5,903.4 \n320.1\n 214,857.4 8,099.0 754,742.1 4,248.84 \n2018\nJan\n 548.1 \n22.7\n 20,981.2 449.6 100,593.9 501.8 \nFeb\n 457.2 \n22.5\n 18,869.0 292.2 89,584.3 463.8 \nMar\n 545.2 \n23.7\n 21,996.8 268.4 116,120.0 510.5 \nApr\n 505.5 \n17.4\n 21,170.0 253.6 117,616.8 457.0 \nMay\n 611.1 \n21.2\n 23,278.2 213.2 137,423.0 496.6 \nJun\n 553.6 \n22.5\n 23,790.0 175.2 156,609.8 502.2 \nJul\n 560.2 \n20.1\n 25,075.5 223.1 169,416.8 559.6 \nAug\n 553.0 \n15.1\n 25,249.9 317.4 164,918.0 518.7 \nSep\n 543.0 \n19.4\n 24,918.0 300.8 161,289.5 511.3 \nOct\n 571.6 \n20.4\n 21,025.4 345.5 161,427.4 496.0 \nNov\n 477.4 \n16.7\n 17,845.4 334.9 133,862.1 430.6 \nDec\n 478.6 \n13.0\n 27,419.1 236.2 161,540.7 409.1 \nAnnual Total\n 6,404.4 \n234.6\n 271,618.6 3,410.1 1,670,402.1 5,857.13 \n2019\nJan\n 401.5 \n12.2\n 40,613.8 232.6 135,481.1 413.4 \nFeb\n 456.5 \n16.4\n 27,811.2 226.8 119,081.1 463.6 \nMar\n 525.9 \n15.4\n 30,417.6 248.9 142,597.8 441.0 \nApr\n 535.0 \n13.7\n 32,092.5 168.8 157,348.3 390.1 \nMay\n 642.6 \n14.7\n 15,542.6 121.4 166,491.6 494.3 \nJun\n 706.0 \n13.3\n 18,012.1 79.6 160,873.0 486.8 \nJul\n 983.5 \n13.6\n 20,465.4 99.6 170,823.3 638.2 \nAug\n 872.9 \n9.0\n 21,919.8 85.2 179,281.2 542.3 \nSep\n 1,010.7 \n11.9\n 22,749.6 62.4 200,441.9 679.4 \nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS \n Volumes of Transactions (ZWL$ 000's)\n \n \n \n33 \n \n \nEND OF\nEXPORTS\nIMPORTS\nTOTAL TRADE TRADE BALANCE\n2017\nJan\n292.0\n385.0\n677.0\n-93.0\nFeb\n290.3\n424.4\n714.7\n-134.1\nMar\n265.7\n461.8\n727.5\n-196.1\nApr\n225.6\n405.5\n631.1\n-179.9\nMay\n268.6\n465.6\n734.2\n-197.0\nJun\n264.5\n495.1\n759.6\n-230.6\nJul\n261.9\n481.9\n743.8\n-220.0\nAug\n356.4\n448.2\n804.6\n-91.8\nSep\n324.8\n440.0\n764.8\n-115.2\nOct\n352.8\n460.8\n813.6\n-108.0\nNov\n577.7\n493.7\n1071.4\n84.0\nDec\n299.8\n556.3\n856.1\n-256.5\nTotal\n3,780.18\n5,518.30\n9,298.48\n-1,738.12\n2018\nJan\n251.2\n489.7\n740.9\n-238.5\nFeb\n346.3\n574.9\n921.2\n-228.6\nMar\n288.6\n605.8\n894.3\n-317.2\nApr\n329.6\n544.1\n873.7\n-214.5\nMay\n267.2\n532.4\n799.6\n-265.2\nJun\n384.6\n614.6\n999.3\n-230.0\nJul\n340.3\n560.0\n900.3\n-219.7\nAug\n449.3\n576.5\n1025.9\n-127.2\nSep\n353.4\n577.1\n930.5\n-223.7\nOct\n448.6\n592.3\n1040.9\n-143.7\nNov\n471.7\n628.7\n1100.4\n-157.0\nDec\n364.8\n494.7\n859.5\n-129.9\nTotal\n4,295.63\n6,790.84\n11,086.47\n-2,495.21\n2019\nJan\n292.6\n336.8\n629.4\n-44.2\nFeb\n348.4\n370.5\n718.9\n-22.1\nMar\n295.9\n329.0\n624.9\n-33.1\nApr\n277.0\n416.7\n693.7\n-139.7\nMay\n343.2\n436.8\n780.0\n-93.6\nJun\n239.8\n458.5\n698.3\n-218.7\nJul\n299.5\n357.0\n656.5\n-57.5\nAug\n345.4\n384.2\n729.60\n-38.80\nSep\n378.4\n403.7\n782.10\n-25.30\nSource: ZIMSTAT, 2019\nTABLE 14 : MERCHANDISE TRADE STATISTICS\n (US$ millions)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/Monthly_Economic_Reviews/Monthly-Economic-Review-September-2019.pdf"}

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+{"doc_id": "1af4768b1aa6b0434620487351c21b1a", "text": "[Date] \n \n \n \n \nJanuary 2015 \n \n \ni\nMONTHLY ECONOMIC REVIEW\nTABLE OF CONTENTS \n \nSELECTED ECONOMIC INDICATORS ________________________________________ 1 \nSTOCK MARKET DEVELOPMENTS __________________________________________ 2 \nMONETARY DEVELOPMENTS _______________________________________________ 2 \nINFLATION OUTTURN ______________________________________________________ 4 \nAnnual Inflation __________________________________________________________________ 4 \nMonthly Inflation _________________________________________________________________ 5 \nNATIONAL PAYMENTS SYSTEM _____________________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ______________________________ 5 \nCard Based Transactions ___________________________________________________________ 5 \nMobile and Internet Based Transactions ______________________________________________ 5 \nCheque Transactions ______________________________________________________________ 5 \n \n \n \n \n \n \n1\n \nMONTHLY ECONOMIC REVIEW\n \n \n \n2014 \nDecember \n2015 \nJanuary \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n71.71 \n58.13 \n-18.94% \nZ.S.E. Industrial Index1 \n162.79 \n164.90 \n1.30% \n*Money Supply (US$)2 \n4.40 billion \n4.34 billion \n \n*Money Supply (M3) Annual Growth2 \n11.97% \n11.61% \n-1.44 \nYearly Inflation3 \n-0.80% \n-1.28% \n-0.34% \nNominal Lending Rate \n6.00-35.00% \n6.00-35.00% \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \n* Provisional figures \n \n \n \n \nSELECTED ECONOMIC INDICATORS \n \n \n2\n \nMONTHLY ECONOMIC REVIEW\nSTOCK MARKET DEVELOPMENTS \n \nMixed developments characterized global capital \nmarkets during the month of January 2015. In the \nUnited States, the main industrial indices were lower, \nlargely due to concerns about global economic \ngrowth. European equity markets, however, rose as a \nresult of the European Central Bank (ECB) \nconfirming that it will implement a Quantitative \nEasing Programme (QEP). \nAfrican equity markets also opened 2015 with mixed \nperformances, with continued strong performance in \nEgypt and weakness in Nigeria. Egypt continued to \nrise, gaining 10.3% in the first month of 2015, largely \ndue to its economic recovery, coupled with an \nupgrade in its credit rating. The Nigerian stock market \ncontinued on a downward trend, on the back of \ndeclines in oil prices. Over the same period, South \nAfrica and Kenya registered respective gains of 3% \nand 1.9%. \nOn the domestic front, trading on the Zimbabwe \nStock Exchange (ZSE) was also characterized by \nmixed trading, as the industrial index registered gains, \nwhilst the mining index fell. Gains in the industrial \nindex were largely anchored on increases in the \nheavily capitalized counters. The industrial index \ngained a marginal 1.3%, to close the month under \nreview at 164.90 points. The mining index, however, \ndeclined by 18.94%, between December 2014 and \nJanuary 2015, to end the period under review at 58.13 \npoints. \n \n \nTrading volumes were thin during the period under \nreview, falling from 462.60 million shares in \nDecember 2014, to 55.36 million shares in January \n2015. Over the same period, the value of shares traded \ndeclined by 44.16% to US$16.26 million. \n \nSource: Zimbabwe Stock Exchange \nReflecting the thin trading in the market, during the \nmonth under review, market capitalization closed the \nmonth of January 2015 at US$4 365.14 million, up \nfrom US$4 327.06 million in December 2014. \nMONETARY DEVELOPMENTS \n \nMoney stock, as defined by consolidated deposits in \nthe banking system, which had plateaued around \nUS$4.4 billion during the last quarter of the 2014, \ndeclined to US$4 340.17 million in January 2015. On \nan annual basis, broad money rose by 11.61% from \nUS$3 888.65 million recorded in January 2014. \n0\n50\n100\n150\n200\n250\n04-Apr-12\n04-Jul-12\n04-Oct-12\n04-Jan-13\n04-Apr-13\n04-Jul-13\n04-Oct-13\n04-Jan-14\n04-Apr-14\n04-Jul-14\n04-Oct-14\n04-Jan-15\nZSE Indices\nIndustrial\nMining\n0\n0.5\n1\n1.5\n2\n2.5\n0\n1\n2\n3\n4\n5\n6\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nZSE: Daily Volumes and Values \nTraded\nVolume\nTurnover\nSource: Zimbabwe Stock Exchange \n \n \nMONTHLY ECONOMIC REVIEW \n3\n \n \nSource: Reserve Bank of Zimbabwe \nThe year-on-year growth in broad money emanated \nfrom expansions across most deposit categories, with \nlong term deposits growing by US$372.15 million; \nunder 30-day deposits, US$32.34 million; and \nsavings deposits, US$115.69 million. Demand \ndeposits, however, fell by US$69.26 million. \n \n \nDomestic credit grew by 6.16% in January 2015, from \nUS$3 985.91 million in January 2014, to US$4 \n231.50 million in January 2015. This was largely due \nto growth in net claims to Government and credit to \nthe private sector. \nAfter registering a 4% annual growth in December \n2014, credit to the private sector recorded a lower \ngrowth of 1.57%, from US$3 566.56 million in \nJanuary 2014 to US$3 622.50 million in January \n2015. Credit expansion was largely constrained by \npersistent liquidity challenges, high credit risk, and \nsluggish economic activity. \nNet credit to Government increased by 51.62%, from \nUS$358.80 million in January 2014, to US$544.03 \nmillion in January 2015. The increase was largely on \nthe back of issuances of Treasury bills by \nGovernment to supplement its revenue collections, \nand to retire part of accrued domestic debt. \n \nSource: Reserve Bank of Zimbabwe \nCredit to the private sector was made up of loans and \nadvances, 81.48%; mortgage advances 14.12%; other \ninvestments, 1.92%; bills discounted, 1.54%; and \nbankers’ acceptances, 0.93%. \nLoans and advances were largely channeled to \nagriculture (19.05%), manufacturing (17.12%) and \n-5\n0\n5\n10\n15\n20\n25\n30\n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nJul\nSep\nNov\nJan\nMar\nMay\nJul\nSep\nNov\nJan\nMar\nMay\nJul\nSep\nNov\nJan\n%\nUS$ BILLIONS\nMoney Supply\nM3\nM3 Annual Growth\nShort \nTerm\n17%\nLong Term \n23%\nDemand\n46%\nSavings\n14%\nBanking Sector Deposits\nJanuary 2015\nLoans&Advances\n81.48%\nBills \nDiscounted\n1.54%\nBankers \nacceptances\n0.93%\nOther \ninvestments\n1.92%\nMortgages\n14.12%\nCredit to Private Sector\nJanuary 2015\nSource: Reserve Bank of Zimbabwe \n \n \nMONTHLY ECONOMIC REVIEW \n4\n \ndistribution (15.99%). Households accounted for \n16.55% of total loans and advances to the private \nsector. \nCredit to the private sector was mainly utilised for \nasset purchases, 41.74%; and inventory build-up, \n34.15%. Loans and advances utilised for capital \ninvestment remained low, with the procurement of \nplant and equipment accounting for 3.62% and pre \nand post shipment financing at 0.55% of total loans \nand advances. \nSectorally, credit was mainly channeled to agriculture \n(18.81%); \nmanufacturing \n(15.77%); \nservices \n(15.29%); distribution (15.05%); mining (7.01%); \nfinancial (5.16%); transport and communications \n(2.97%); and construction (1.58%). Households \naccounted for 18.81% of total credit to the private \nsector. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nDomestic inflation developments continued to be \ninfluenced by developments in international oil \nprices; the rand /US dollar exchange rate; world food \nprices; and domestic demand. \nCrude oil prices have been on a declining trend since \nJuly 2014. This was on account of increases in US \nshale production, weak demand and the decision by \nthe Organization for Petroleum Exporting Countries \n(OPEC) producers not to cut output to bolster prices. \n \nThe South African rand continued to be highly \nvolatile, depreciating from around ZAR10/US dollar \nin May 2014, to current levels of about ZAR12 to the \nUS dollar. This continued to dampen inflationary \npressures in the domestic economy. \n \n \nAnnual headline inflation continued on a downward \ntrend and stood at -1.28% in January 2015, compared \nto -0.8% in December 2014. The downward trend of \nprices is expected to continue as implied by the \nquarterly annualized inflation which has been in \nnegative territory since July 2014. \nCore inflation, which measures long-run trend in \nprice levels, slid into negative for the first time, \nregistering -0.57% in January 2015. The declining \ninflation reflected dissipating underlying inflationary \npressures in the economy. \nAnnual food inflation has remained in negative \nterritory since September 2014, registering -2.74% in \nJanuary 2015, from -2.71% in December 2014. The \nnegative annual food inflation largely emanated from \ndeclines in prices of bread and cereals as well as \nvegetables, among others. \nAnnual non-food inflation declined to -0.57% in \nJanuary 2015, from 0.13% in December 2014. The \ndeceleration was mainly driven by a -0.47% decline \nin the communications category. This followed a 35% \nslash in tariffs for voice calls from US$0.23/minute to \nUS$0.15/minute \nacross \nall \nmobile \nnetworks. \nPartially offsetting the declines were increases in fees \n30\n50\n70\n90\n110\n130\n2-Jan\n23-Jan\n13-Feb\n6-Mar\n27-Mar\n17-Apr\n13-May\n4-Jun\n25-Jun\n16-Jul\n6-Aug\n29-Aug\n19-Sep\n10-Oct\n31-Oct\n21-Nov\n5-Jan\n26-Jan\nCrude Oil Prices (US$/barrel)\n9.2\n9.7\n10.2\n10.7\n11.2\n11.7\n21-Aug-13\n22-Sep-13\n24-Oct-13\n25-Nov-13\n27-Dec-13\n28-Jan-14\n01-Mar-14\n02-Apr-14\n04-May-14\n05-Jun-14\n07-Jul-14\n08-Aug-14\n09-Sep-14\n11-Oct-14\n12-Nov-14\n14-Dec-14\n15-Jan-15\nRand/US Dollar Exchange Rate\nSource: BBC, KITCO \nSource: RBZ, January 2015 \n \n \nMONTHLY ECONOMIC REVIEW \n5\n \nfor secondary education (9.54%); hospital fees \n(3.13%); dental services (5.26%); as well as fuels and \nlubricants (2.47%). \n \nSource: Zimbabwe Statistics Agency \nMonthly Inflation \nMonth-on-month inflation stood at -0.34% in January \n2015, from -0.09% in December 2014, largely \nattributed to a slowdown in prices of non-food \ninflation items. \nMonthly food inflation increased from -0.36% in \nDecember 2014 to 0.40% in January 2015, on the \nback of increases in all items except sugar, jam, \nhoney, chocolate and confectionery category. \nMonthly non-food inflation fell from 0.04% in \nDecember 2014 to -0.69% in January 2015. This was \ndriven by declines in transport, in particular purchase \nof motor vehicles (-4.16%). \n \nNATIONAL PAYMENTS SYSTEM \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through the \nnational \npayments \nsystem \ndecreased \nfrom \nUS$4.6 billion in December 2014 to US$3.7 billion \nin January 2015. Over the same period, the volume of \ntransactions declined by 10%, from 189 831 to \n170 774. \nSource: Reserve Bank of Zimbabwe \nCard Based Transactions \nThe total value of card based transactions was lower \nat US$466.37 million in January 2015, compared to \nUS$466.37 million in December 2014. \nMobile and Internet Based Transactions \nThe total value of mobile and internet based \ntransactions also fell to US$465.64 million in January \n2015, from US$520.26 million in December 2014. \nCheque Transactions \nThe value of cheque transactions stood at US$11.81 \nmillion in January 2015, up from US$11.53 million \nin December 2014. \n \n \n \n \n \nRESERVE BANK OF ZIMBABWE \nJANUARY 2015\n-4\n-3\n-2\n-1\n0\n1\n2\n3\n4\n5\n6\nJan-13\nFeb-13\nMar-13\nApr-13\nMay-13\nJun-13\nJul-13\nAug-13\nSep-13\nOct-13\nNov-13\nDec-13\nJan-14\nFeb-14\nMar-14\nApr-14\nMay-14\nJun-14\nJul-14\nAug-14\nSep-14\nOct-14\nNov-14\nDec-14\nJan-15\nAnnual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nJan-12\nMay-12\nSep-12\nJan-13\nMay-13\nSep-13\nJan-14\nMay-14\nSep-14\nJan-15\n -\n 50\n 100\n 150\n 200\n 250\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nZETSS Volumes and Values\nVolume\nValue\n \n \n6\n \nMONTHLY ECONOMIC REVIEW\nStatistical Tables \n \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 8 \n \n1.2 Broad Money Survey \n \n \n \n \n \n 9 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n10 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n11 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 12 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n13 \n \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n14 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n15 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n16 \n   \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n17 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n18 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n19 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n20 \n \n7.2 Liabilities \n \n \n \n \n \n \n21 \n \n \nMONTHLY ECONOMIC REVIEW \n7\n \n8. Accepting Houses \n \n8.1 Assets \n \n \n \n \n \n \n \n22 \n \n8.2 Liabilities \n \n \n \n \n \n \n23 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n24 \n \n9.2 Liabilities \n \n \n \n \n \n \n25 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n26 \n \n11. Savings with Financial Institutions \n \n \n \n \n27 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n28 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n29 \n \n13.2 Volumes of Transactions \n \n \n \n \n30 \n  \n \n \n \n \n \n \n \n \n \n \n \n \n \n8 \nMONTHLY ECONOMIC REVIEW\n \n \n \n \n \n \n \n \n \n2015\nNovember\nJanuary\nFebruary\nMarch\nApril\nMay\nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nRBZ Demand Deposits\n72.6\n69.7\n71.1\n71.5\n71.5\n71.9\n96.6\n95.9\n95.8\n93.7\n94.4\n94.0\n144.5\n714.7\nComm. Banks Dem. Deposits\n1,821,288.9\n2,039,955.9\n1,974,493.8\n2,033,715.1\n2,130,063.2\n2,173,283.2\n2,120,102.4\n2,011,296.3\n2,084,005.9\n2,089,784.7\n2,162,566.6\n2,124,944.0\n2,121,401.6\n1,967,789.9\nMerchant Banks Dem. Deposits\n122,639.2\n36,792.2\n47,555.9\n41,037.1\n57,346.1\n42,779.8\n42,779.8\n42,560.1\n36,379.5\n40,922.6\n39,909.5\n39,446.4\n36,942.7\n39,049.7\nM1\n1,944,000.7\n2,076,817.8\n2,022,120.8\n2,074,823.7\n2,187,480.8\n2,216,134.9\n2,162,978.8\n2,053,952.3\n2,120,481.2\n2,130,801.0\n2,202,570.5\n2,164,484.4\n2,158,488.8\n2,008,121.3\nComm. Banks Savings Deposits\n201,724.6\n215,665.0\n230,541.1\n237,243.6\n233,539.2\n223,445.3\n253,857.5\n236,942.8\n256,908.6\n272,392.1\n252,758.2\n250,745.7\n267,179.5\n282,832.4\nBuilding Soc. Savings Deposits\n200,415.2\n196,806.6\n195,707.7\n202,936.6\n228,310.8\n241,398.4\n234,278.6\n228,203.4\n232,305.6\n230,155.7\n236,100.8\n253,699.7\n236,423.8\n233,498.2\nP O S B Savings Deposits\n60,845.4\n58,314.5\n58,920.4\n60,801.9\n66,479.0\n64,831.6\n68,218.1\n68,388.5\n68,651.3\n68,147.5\n65,414.5\n70,142.9\n69,601.1\n70,144.8\nComm. Banks U-30 Day Deposits\n605,429.9\n552,134.9\n596,106.0\n626,443.7\n661,815.1\n685,132.2\n669,439.9\n596,373.1\n629,496.8\n651,068.5\n686,998.0\n630,856.1\n654,559.9\n638,395.6\nMerchant Banks U-30 Day Deposits\n59,721.1\n47,277.8\n48,250.7\n48,387.9\n40,336.6\n34,572.1\n33,202.1\n33,787.2\n40,442.4\n33,929.0\n33,679.6\n33,288.9\n31,176.0\n40,928.2\nBuilding Soc. U- 30 Day Deposits\n118,360.9\n107,130.3\n112,927.5\n156,466.8\n115,037.7\n164,622.3\n175,432.1\n113,937.3\n126,458.5\n149,478.7\n116,270.3\n113,090.1\n144,211.5\n127,399.4\nM2\n3,190,497.8\n3,254,146.9\n3,264,574.2\n3,407,104.1\n3,532,999.2\n3,630,137.0\n3,597,407.0\n3,331,584.7\n3,474,744.4\n3,535,972.5\n3,593,792.1\n3,516,307.8\n3,561,640.5\n3,401,319.9\nComm. Banks O-30 Day Deposits\n328,511.0\n352,689.2\n468,960.6\n426,625.1\n408,961.7\n438,431.5\n489,568.8\n577,592.3\n516,231.3\n540,278.5\n492,200.3\n508,747.2\n449,703.8\n544,421.5\nMerchant Banks O-30 Day Deposits\n19,965.3\n5,665.1\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n244,283.7\n253,060.8\n264,395.8\n234,625.6\n262,711.8\n233,243.8\n212,224.9\n287,853.4\n304,479.1\n280,499.3\n337,930.1\n359,491.3\n365,334.8\n366,978.6\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\nP O S B Time Deposits\n12,586.1\n11,816.7\n12,582.4\n14,317.8\n14,519.3\n12,651.5\n13,098.6\n15,773.0\n15,354.3\n20,485.8\n22,070.6\n19,652.7\n15,174.4\n16,138.8\nM3\n3,807,110.4\n3,888,645.3\n4,021,779.6\n4,093,939.2\n4,230,458.6\n4,325,730.4\n4,323,565.9\n4,224,069.9\n4,322,075.8\n4,388,502.7\n4,457,259.7\n4,415,465.6\n4,403,120.1\n4,340,125.3\n2014\nTABLE 1.1 : MONETARY AGGREGATES\n US$ Thousands\n2013\n \n \nMONTHLY ECONOMIC REVIEW \n9 \n \n \n2015\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nNET FOREIGN ASSETS \n-846,622.1\n-799,433.7\n-816,838.4\n-695,843.6\n-585,616.7\n-595,417.7\n-701,074.2\n-627,733.6\n-536,234.0\n-598,846.1\n-767,824.4\n-1,750,112.7\n-714,190.6\n Assets\n1,009,920.7\n1,032,518.9\n1,021,388.4\n1,063,604.4\n1,190,209.8\n1,126,637.1\n1,027,150.0\n1,079,627.1\n1,105,902.8\n999,042.7\n827,514.2\n-132,686.9\n830,959.4\n Reserve Bank (RBZ)\n354,820.2\n365,075.8\n357,157.3\n359,859.4\n410,904.2\n374,556.5\n327,295.3\n411,681.6\n620,484.9\n508,155.9\n334,534.3\n-666,167.5\n356,661.9\n Deposit Money Banks (DMBs) \n610,318.8\n619,567.7\n585,124.3\n628,565.0\n700,802.8\n685,339.5\n623,693.1\n604,460.0\n414,981.4\n432,341.0\n416,989.8\n463,492.7\n405,880.7\n Other Banking Institutions (OBIs) \\1\n44,781.8\n47,875.4\n79,106.9\n75,180.0\n78,502.7\n66,741.0\n76,161.6\n63,485.5\n70,436.5\n58,545.8\n75,990.2\n69,987.9\n68,416.9\n Liabilities \\2\n-1,856,542.9\n-1,831,952.5\n-1,838,226.8\n-1,759,448.0\n-1,775,826.5\n-1,722,054.8\n-1,728,224.2\n-1,707,360.7\n-1,642,136.8\n-1,597,888.8\n-1,595,338.6\n-1,617,425.8\n-1,545,150.0\n RBZ\n1,148,693.8\n1,151,300.5\n1,152,604.9\n1,155,463.3\n1,152,736.3\n1,141,906.4\n1,136,091.5\n1,117,663.4\n1,037,740.5\n1,035,611.2\n1,030,053.8\n1,022,781.2\n1,007,096.0\n DMBs\n681,744.6\n655,537.7\n660,898.1\n579,093.6\n598,403.2\n545,347.3\n562,067.8\n553,968.9\n550,158.8\n508,060.2\n510,711.1\n540,423.0\n483,463.5\n OBIs\n26,104.5\n25,114.4\n24,723.8\n24,891.2\n24,687.0\n34,801.1\n30,065.0\n35,728.4\n54,237.5\n54,217.5\n54,573.7\n54,221.6\n54,590.6\nNET DOMESTIC ASSETS \n4,735,267.5\n4,821,213.2\n4,910,777.6\n4,926,302.1\n4,911,347.2\n4,918,983.6\n4,925,144.1\n4,949,809.4\n4,924,736.6\n5,056,105.8\n5,183,290.0\n5,130,451.6\n5,054,316.0\nDOMESTIC CREDIT\n3,954,914.2\n4,102,727.4\n4,180,109.0\n4,150,137.4\n4,138,311.2\n4,174,067.9\n4,205,226.6\n4,234,468.5\n4,267,183.2\n4,331,337.1\n4,352,932.2\n4,378,654.6\n4,231,495.4\n Claims on Government (net) \n327,805.9\n415,048.8\n490,233.2\n476,917.3\n468,461.4\n498,617.0\n423,988.3\n437,473.4\n442,435.9\n470,504.6\n462,425.7\n515,636.4\n544,026.1\n RBZ\n-1,181.7\n-1,181.8\n-1,179.6\n-1,178.8\n-1,178.9\n-1,179.1\n-46,158.3\n-25,974.8\n-35,915.4\n-14,433.2\n-14,031.5\n-25,063.7\n-12,594.0\n DMBs\n288,824.0\n376,067.1\n451,249.2\n437,932.6\n429,476.7\n459,632.5\n429,983.1\n411,866.1\n426,769.3\n433,084.8\n443,478.0\n487,962.9\n504,696.7\n OBIs\n40,163.5\n40,163.5\n40,163.5\n40,163.5\n40,163.5\n40,163.5\n40,163.5\n51,582.0\n51,582.0\n51,852.9\n32,979.1\n52,737.2\n51,923.4\n Claims on Public Enterprises \n60,553.0\n60,689.3\n79,528.0\n78,292.8\n78,383.6\n73,173.2\n77,393.8\n70,324.8\n72,390.6\n72,375.0\n66,661.0\n66,750.2\n64,967.7\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n60,553.0\n60,689.3\n79,528.0\n78,292.8\n78,383.6\n73,173.2\n77,393.8\n70,324.8\n72,390.6\n72,375.0\n66,661.0\n66,750.2\n64,967.7\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n60,553.0\n60,689.3\n79,528.0\n78,292.8\n78,383.6\n73,173.2\n77,393.8\n70,324.8\n72,390.6\n72,375.0\n66,661.0\n66,750.2\n29,935.4\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n3,566,555.3\n3,626,989.2\n3,610,347.9\n3,594,927.4\n3,591,466.2\n3,602,277.7\n3,703,844.6\n3,726,670.4\n3,752,356.7\n3,788,457.5\n3,823,845.6\n3,796,268.1\n3,622,501.6\n RBZ\n35,116.1\n35,116.1\n34,745.1\n34,745.1\n34,745.1\n34,725.3\n34,725.3\n34,725.3\n34,726.3\n34,727.3\n34,725.3\n34,726.3\n34,725.3\n DMBs\n2,955,033.9\n3,016,585.0\n2,993,988.2\n2,968,560.6\n2,956,036.4\n2,955,853.5\n3,013,188.5\n3,016,709.8\n3,021,389.7\n3,016,750.9\n3,036,795.2\n3,010,101.6\n2,835,002.6\n OBIs\n576,405.3\n575,288.2\n581,614.6\n591,621.7\n600,684.7\n611,698.9\n655,930.8\n675,235.3\n696,240.7\n736,979.3\n752,325.1\n751,440.3\n752,773.8\nOTHER ITEMS (NET) \n780,353.3\n718,485.9\n730,668.6\n776,164.7\n773,035.9\n744,915.7\n719,917.4\n715,340.8\n657,553.4\n724,768.7\n830,357.8\n751,796.9\n822,820.5\nBROAD MONEY (M3) \n3,888,645.3\n4,021,779.6\n4,093,939.2\n4,230,458.5\n4,325,730.5\n4,323,565.9\n4,224,069.9\n4,322,075.8\n4,388,502.6\n4,457,259.7\n4,415,465.6\n4,403,120.1\n4,340,125.3\nUS$ Thousands\nTABLE 1.2 : BROAD MONEY SURVEY\n2014\n \n \nMONTHLY ECONOMIC REVIEW \n10 \n \n \n \n \n \n \n2015\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nNET FOREIGN ASSETS \n-36,449.8\n47,188.5\n-17,404.7\n120,994.8\n110,226.8\n-9,801.0\n-105,656.4\n73,340.6\n91,499.6\n-62,612.2\n-168,978.3\n40,492.9\n13,140.9\n Assets\n-32,245.2\n22,598.1\n-11,130.5\n42,216.0\n126,605.3\n-63,572.7\n-99,487.0\n52,477.1\n26,275.7\n-106,860.1\n-171,528.5\n62,580.1\n-59,134.8\n Reserve Bank (RBZ)\n16,332.4\n10,255.6\n-7,918.6\n2,702.2\n51,044.8\n-36,347.7\n-47,261.2\n84,386.3\n208,803.3\n-112,329.0\n-173,621.7\n22,079.4\n48.2\n Deposit Money Banks (DMBs)\n-33,241.3\n9,248.9\n-34,443.4\n43,440.8\n72,237.8\n-15,463.3\n-61,646.4\n-19,233.1\n-189,478.6\n17,359.6\n-15,351.2\n46,502.9\n-57,612.0\n Other Banking Institutions (OBIs) \\1\n-15,336.3\n3,093.6\n31,231.5\n-3,926.9\n3,322.7\n-11,761.7\n9,420.6\n-12,676.1\n6,951.0\n-11,890.7\n17,444.4\n-6,002.2\n-1,571.1\n Liabilities \\2\n-4,204.6\n24,590.3\n-6,274.3\n78,778.8\n-16,378.5\n53,771.7\n-6,169.4\n20,863.4\n65,223.9\n44,248.0\n2,550.2\n-22,087.1\n72,275.7\n RBZ\n-1,457.0\n2,606.7\n1,304.4\n2,858.4\n-2,727.0\n-10,829.9\n-5,814.9\n-18,428.0\n-79,922.9\n-2,129.4\n-5,557.4\n-7,272.6\n-15,685.2\n DMBs\n10,309.4\n-26,206.9\n5,360.4\n-81,804.5\n19,309.6\n-53,055.9\n16,720.4\n-8,098.8\n-3,810.2\n-42,098.6\n2,651.0\n29,711.9\n-56,959.6\n OBIs\n-4,647.8\n-990.1\n-390.5\n167.4\n-204.2\n10,114.1\n-4,736.2\n5,663.4\n18,509.2\n-20.0\n356.2\n-352.1\n369.0\nNET DOMESTIC ASSETS \\3\n-7,230.0\n85,945.8\n89,564.4\n15,524.5\n-14,954.9\n7,636.5\n6,160.4\n24,665.3\n-25,072.8\n131,369.2\n127,184.2\n-52,838.5\n-76,135.6\nDOMESTIC CREDIT\n-113,783.4\n147,813.2\n77,381.6\n-29,971.6\n-11,826.2\n35,756.7\n31,158.7\n29,241.9\n32,714.7\n64,153.8\n21,595.2\n25,722.4\n-147,159.2\n Claims on Government (net) \n-30,191.5\n87,242.9\n75,184.3\n-13,315.9\n-8,455.9\n30,155.7\n-74,628.7\n13,485.1\n4,962.5\n28,068.6\n-8,078.9\n53,210.7\n28,389.7\n RBZ\n0.7\n-0.1\n2.2\n0.8\n0.0\n-0.2\n-44,979.3\n20,183.6\n-9,940.6\n21,482.2\n401.6\n-11,032.2\n12,469.7\n DMBs\n-30,192.1\n87,243.1\n75,182.1\n-13,316.6\n-8,455.9\n30,155.8\n-29,649.5\n-18,117.0\n14,903.2\n6,315.6\n10,393.2\n44,484.8\n16,733.8\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n11,418.5\n0.0\n270.8\n-18,873.7\n19,758.1\n-813.8\n Claims on Public Enterprises \n-91.9\n136.3\n18,838.6\n-1,235.2\n90.9\n-5,210.4\n4,220.6\n-7,069.0\n2,065.8\n-15.6\n-5,714.0\n89.2\n-1,782.4\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n-91.9\n136.3\n18,838.6\n-1,235.2\n90.9\n-5,210.4\n4,220.6\n-7,069.0\n2,065.8\n-15.6\n-5,714.0\n89.2\n-1,782.4\n Agri-PEs\n-5,005.2\n-5,006.2\n-5,007.2\n-5,008.2\n-6,898.8\n-6,908.9\n-6,909.9\n-6,910.9\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n Other\n4,913.3\n5,142.5\n23,845.8\n3,773.0\n6,989.7\n1,698.5\n11,130.5\n-158.1\n3,580.4\n1,499.9\n-4,198.5\n1,605.7\n-264.9\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n-83,500.0\n60,434.0\n-16,641.3\n-15,420.5\n-3,461.1\n10,811.4\n101,566.9\n22,825.8\n25,686.3\n36,100.8\n35,388.1\n-27,577.5\n-173,766.5\n RBZ\n0.0\n0.0\n-371.0\n0.0\n0.0\n-19.8\n0.0\n0.0\n1.0\n1.0\n-2.0\n1.0\n-1.0\n DMBs\n-98,611.4\n61,551.1\n-22,596.8\n-25,427.6\n-12,524.1\n-182.9\n57,335.0\n3,521.2\n4,680.0\n-4,638.8\n20,044.3\n-26,693.6\n-175,099.0\n OBIs\n15,111.4\n-1,117.1\n6,326.4\n10,007.1\n9,063.0\n11,014.2\n44,231.9\n19,304.6\n21,005.3\n40,738.6\n15,345.8\n-884.9\n1,333.5\nOTHER ITEMS (NET) \n106,553.4\n-61,867.4\n12,182.7\n45,496.1\n-3,128.7\n-28,120.2\n-24,998.3\n-4,576.6\n-57,787.4\n67,215.3\n105,589.1\n-78,560.9\n71,023.6\nBROAD MONEY (M3) \n-43,679.7\n133,134.2\n72,159.7\n136,519.3\n95,271.9\n-2,164.5\n-99,496.0\n98,005.9\n66,426.9\n68,757.0\n-41,794.1\n-12,345.5\n-62,994.7\n Broad Money (M3) \n-1.1%\n3.4%\n1.8%\n3.3%\n2.3%\n-0.1%\n-2.3%\n2.3%\n1.5%\n1.6%\n-0.9%\n-0.3%\n-1.4%\n Domestic Credit \n-2.8%\n3.7%\n1.9%\n-0.7%\n-0.3%\n0.9%\n0.7%\n0.7%\n0.8%\n1.5%\n0.5%\n0.6%\n-3.4%\n Claims on Private Sector\n-2.3%\n1.7%\n-0.5%\n-0.4%\n-0.1%\n0.3%\n2.8%\n0.6%\n0.7%\n1.0%\n0.9%\n-0.7%\n-4.6%\n2014\n US$ Thousands\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n \n \nMONTHLY ECONOMIC REVIEW \n11 \n \n \n2015\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nNET FOREIGN ASSETS \n-360,978.8\n-320,764.6\n-189,743.9\n-218,632.9\n-97,000.4\n174,984.2\n121,341.3\n256,709.5\n278,254.4\n251,490.3\n233,974.4\n82,840.8\n132,431.5\n Assets\n15,108.1\n43,943.2\n153,988.8\n80,414.9\n124,519.6\n132,134.9\n59,355.9\n147,638.2\n30,394.8\n4,716.6\n-29,140.7\n-152,071.7\n-178,961.3\n Reserve Bank (RBZ)\n-99,525.9\n-56,803.4\n-9,935.5\n-52,295.6\n-60,760.6\n-87,240.5\n-35,011.5\n124,065.4\n275,699.8\n185,705.6\n69,707.4\n18,125.8\n1,841.7\n Deposit Money Banks (DMBs)\n103,167.4\n90,271.2\n115,289.4\n91,118.6\n153,245.8\n197,101.5\n87,011.4\n37,263.5\n-248,474.2\n-168,281.7\n-114,069.3\n-180,067.4\n-204,438.1\n Other Banking Institutions (OBIs) \\1\n11,466.5\n10,475.5\n48,635.0\n41,591.9\n32,034.3\n22,274.0\n7,356.1\n-13,690.7\n3,169.2\n-12,707.3\n15,221.1\n9,869.9\n23,635.1\n Liabilities \\2\n-376,086.8\n-364,707.8\n-343,732.7\n-299,047.9\n-221,520.0\n42,849.2\n61,985.4\n109,071.4\n247,859.6\n246,773.7\n263,115.2\n234,912.5\n311,392.8\n RBZ\n-329.7\n9,677.0\n17,531.5\n14,941.5\n18,630.8\n3,844.4\n-7,035.3\n-22,202.4\n-108,893.9\n-114,916.2\n-117,925.2\n-127,369.6\n-141,597.9\n DMBs\n370,530.4\n352,061.6\n323,807.0\n285,699.2\n204,827.4\n-54,779.1\n-63,362.3\n-101,759.1\n-172,362.2\n-165,096.0\n-178,769.8\n-131,012.2\n-198,281.1\n OBIs\n5,886.1\n2,969.2\n2,394.3\n-1,592.9\n-1,938.2\n8,085.5\n8,412.1\n14,890.2\n33,396.5\n33,238.5\n33,579.8\n23,469.3\n28,486.1\nNET DOMESTIC ASSETS \\3\n441,228.7\n528,927.2\n485,159.0\n482,349.0\n404,589.2\n310,374.5\n247,806.9\n269,129.6\n199,588.8\n254,086.5\n374,380.8\n387,954.1\n319,048.5\nDOMESTIC CREDIT\n176,946.2\n320,970.8\n334,998.9\n341,752.2\n267,298.2\n238,021.8\n238,960.1\n245,653.9\n260,892.3\n252,121.7\n261,621.9\n309,957.1\n276,581.3\n Claims on Government (net) \n160,963.6\n261,884.9\n319,595.1\n296,909.4\n256,239.5\n292,427.5\n191,715.5\n203,355.4\n213,821.1\n170,818.5\n130,627.9\n157,639.0\n216,220.2\n RBZ\n44.1\n10.6\n0.0\n2.0\n0.8\n649.4\n-42,670.8\n-24,732.7\n-34,718.8\n-12,964.3\n-12,843.3\n-23,881.4\n-11,412.3\n DMBs\n120,989.5\n221,944.4\n299,706.3\n277,394.1\n236,596.5\n271,848.2\n214,456.4\n196,739.8\n217,191.5\n152,163.6\n150,725.7\n168,946.7\n215,872.6\n OBIs\n39,929.9\n39,929.9\n19,888.8\n19,513.3\n19,642.1\n19,929.9\n19,929.9\n31,348.4\n31,348.4\n31,619.3\n-7,254.5\n12,573.7\n11,759.9\n Claims on Public Enterprises \n8,291.9\n6,980.8\n25,436.5\n19,319.1\n14,778.7\n9,544.5\n15,219.5\n9,961.8\n12,580.8\n12,950.8\n5,816.2\n6,105.2\n4,414.7\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n8,291.9\n6,980.8\n25,436.5\n19,319.1\n14,778.7\n9,544.5\n15,219.5\n9,961.8\n12,580.8\n12,950.8\n5,816.2\n6,105.2\n4,414.7\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n-5,259.3\n-5,260.3\n-5,261.3\n-5,262.3\n-5,263.3\n-5,003.2\n-5,004.2\n-5,005.2\n-5,006.2\n Other\n8,291.9\n6,980.8\n25,436.5\n19,319.1\n20,038.0\n14,804.8\n20,480.8\n15,224.1\n17,844.1\n17,954.0\n10,820.4\n11,110.4\n9,420.9\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n7,690.8\n52,105.1\n-10,032.7\n25,523.6\n-3,720.0\n-63,950.1\n32,025.1\n32,336.7\n34,490.5\n68,352.4\n125,177.8\n146,212.9\n55,946.4\n RBZ\n-5,898.0\n-5,899.0\n-6,269.0\n-6,269.0\n-5,383.7\n-5,403.6\n-1,420.9\n-1,421.9\n-1,386.4\n-392.8\n-390.8\n-389.8\n-390.8\n DMBs\n-102,287.3\n-48,548.7\n-117,960.6\n-90,130.3\n-107,645.2\n-169,498.5\n-120,335.1\n-142,682.7\n-121,001.5\n-124,890.6\n-69,400.6\n-43,543.7\n-120,031.2\n OBIs\n115,876.1\n106,552.9\n114,196.9\n121,923.0\n109,308.9\n110,951.9\n153,781.1\n176,441.3\n156,878.5\n193,635.8\n194,969.2\n190,146.4\n176,368.4\nOTHER ITEMS (NET) \n264,282.5\n207,956.4\n150,160.1\n140,596.8\n137,290.9\n72,352.6\n8,846.8\n23,475.6\n-61,303.5\n1,964.8\n112,758.9\n77,997.0\n42,467.2\nBROAD MONEY (M3) \n80,250.0\n208,162.6\n295,415.1\n263,716.0\n307,589.0\n485,358.6\n369,148.2\n525,839.1\n477,843.2\n505,576.8\n608,355.2\n470,795.0\n451,480.0\nGROWTH RATES\n Broad Money (M3) \n2.1%\n5.5%\n7.8%\n6.6%\n7.7%\n12.6%\n9.6%\n13.9%\n12.2%\n12.8%\n16.0%\n12.0%\n11.6%\n Domestic Credit \n4.7%\n8.5%\n8.7%\n9.0%\n6.9%\n6.0%\n6.0%\n6.2%\n6.5%\n6.2%\n6.4%\n7.6%\n7.0%\n Claims on Private Sector\n0.2%\n1.5%\n-0.3%\n0.7%\n-0.1%\n-1.7%\n0.9%\n0.9%\n0.9%\n1.8%\n3.4%\n4.0%\n1.6%\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n$ Thousands\n2014\n \n \nMONTHLY ECONOMIC REVIEW \n12 \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2013 \nJan\n450,170.0\n31,073.4\n38,762.3\n426,050.9\n11,967.9\n31,547.4\n417,961.3\n144,645.1\n237,323.7\n33,906.5\n300,841.1\n9,373.1\n2,133,622.7\nFeb \n494,536.6\n33,786.9\n28,372.0\n439,556.7\n14,811.4\n33,948.5\n409,692.7\n128,242.7\n303,269.9\n38,235.9\n298,171.5\n3,685.5\n2,226,310.2\nMar\n467,874.0\n41,532.7\n68,987.2\n433,337.1\n16,118.8\n34,704.7\n471,204.9\n159,925.7\n307,134.7\n44,413.6\n370,123.5\n4,491.7\n2,419,848.6\nApr\n455,178.9\n43,628.2\n23,433.4\n428,381.7\n14,997.8\n35,589.1\n444,798.7\n135,046.2\n288,857.6\n45,643.6\n377,037.0\n7,693.7\n2,300,585.8\nMay\n484,635.0\n38,637.2\n27,795.2\n455,737.9\n14,699.1\n35,106.1\n465,890.2\n115,457.8\n301,547.9\n52,075.2\n382,172.8\n5,034.0\n2,378,788.7\nJun\n489,730.1\n37,474.3\n38,198.7\n425,521.3\n7,310.7\n53,815.0\n454,368.5\n110,349.9\n295,432.3\n51,453.6\n385,769.7\n11,033.4\n2,360,457.5\nJul\n483,103.7\n40,342.5\n33,494.3\n464,921.7\n6,869.2\n38,522.6\n541,025.9\n116,557.1\n307,117.5\n48,218.0\n426,582.7\n4,455.3\n2,511,210.5\nAug\n521,743.0\n38,889.1\n43,894.5\n425,531.4\n7,260.6\n39.087.2\n451,871.2\n110,041.8\n346,006.0\n40,216.0\n374,587.1\n9,914.6\n2,409,042.5\nSep\n496,289.3\n39,446.9\n38,856.6\n447,247.2\n13,953.5\n43,006.7\n437,211.9\n118,873.7\n330,709.6\n40,046.6\n373,596.8\n9,790.6\n2,389,029.4\nOct\n491,610.6\n38,871.5\n39,766.0\n471,966.2\n8,023.3\n40,835.3\n420,445.3\n110,778.3\n417,411.6\n36,334.1\n376,463.1\n9,861.9\n2,462,367.3\nNov\n487,289.4\n40,321.7\n42,332.0\n488,637.3\n3,116.5\n36,852.0\n417,162.5\n117,050.8\n389,727.1\n39,126.4\n369,190.3\n17,960.5\n2,448,766.4\nDec\n533,165.2\n42,285.1\n17,617.9\n435,613.1\n5,047.0\n62,165.8\n389,181.2\n115,404.6\n379,809.3\n37,409.1\n369,838.8\n18,252.9\n2,405,790.0\n2014 \nJan\n489,585.3\n43,743.8\n18,574.7\n464,097.6\n5,467.4\n48,086.1\n362,554.0\n116,635.5\n412,901.1\n37,722.2\n367,126.2\n16,773.1\n2,383,267.1\nFeb \n519,154.6\n38,918.1\n24,765.4\n460,528.2\n10,397.3\n47,488.6\n385,038.1\n116,670.5\n401,619.6\n32,978.1\n396,800.8\n8,542.7\n2,442,902.1\nMar\n503,868.1\n42,707.9\n35,785.1\n494,663.8\n5,257.4\n52,722.0\n374,809.1\n116,653.0\n396,000.6\n38,089.3\n406,503.1\n15,833.1\n2,482,892.7\nApr\n540,156.2\n40,707.1\n18,138.9\n502,514.1\n9,898.6\n18,817.9\n407,595.0\n175,048.3\n447,549.2\n49,619.1\n511,048.2\n15,136.7\n2,736,229.2\nMay\n546,733.9\n41,594.2\n21,547.9\n488,389.7\n10,073.8\n23,049.1\n396,846.0\n184,730.9\n452.373.8\n51,891.8\n512,864.5\n17,718.8\n2,747,814.6\nJun\n536,188.9\n46,085.8\n28,201.0\n500,266.1\n10,656.3\n25,616.2\n417,002.7\n197,441.1\n432,692.4\n46,751.6\n499,191.5\n17,173.9\n2,757,267.4\nJul\n575,645.3\n43,055.0\n28,090.8\n480,483.6\n6,359.2\n27,284.9\n428,611.4\n206,052.3\n479,384.6\n49,260.4\n507,930.0\n46,148.1\n2,878,305.8\nAug\n548,866.7\n56,886.1\n38,891.3\n498,696.8\n54,387.2\n110,618.5\n422,942.5\n221,099.2\n430,156.3\n48,167.0\n474,060.2\n37,230.9\n2,942,002.7\nSep\n539,818.8\n51,349.1\n29,191.8\n493,610.7\n51,999.0\n109,975.0\n428,697.3\n201,791.6\n451,117.2\n45,100.0\n539,108.1\n36,708.6\n2,978,467.1\nOct\n530,544.7\n62,891.8\n55,922.5\n507,936.4\n50,701.1\n101,818.5\n436,519.1\n196,491.0\n413,443.5\n39,088.3\n520,437.0\n5,799.4\n2,921,593.2\nNov\n574,859.5\n58,780.5\n46,419.5\n460,989.3\n50,008.6\n120,510.4\n453,924.5\n208,418.3\n413,410.7\n45,289.6\n540,638.4\n5,976.9\n2,979,226.2\nDec\n565,840.1\n46,298.5\n42,604.8\n437,975.3\n47,805.8\n88,485.5\n478,895.5\n220,501.3\n481,497.5\n43,449.8\n543,038.5\n5,957.7\n3,002,529.6\n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\n$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n13 \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS\nORGANISATIONS\n2013\nJANUARY\n91,648.8\n48,329.1\n128,426.0\n351,566.7\n212,401.7\n494,823.6\n252,389.7\n93,470.0\n658,260.1\n44,091.4\n512,289.8\n32,145.9\n2,919,842.6\nFEBRUARY\n96,796.5\n48,491.5\n147,571.5\n360,757.9\n147,995.9\n578,306.4\n284,603.8\n64,530.5\n679,554.8\n41,983.6\n516,431.2\n25,275.3\n2,991.999.1\nMARCH\n96,752.8\n44,883.3\n139,327.8\n354,627.8\n155,915.2\n610,758.4\n290,072.8\n87,143.0\n594,397.7\n38,345.5\n523,913.8\n141,404.6\n3,077,542.7\nAPRIL\n98,671.0\n49,093.8\n152,390.8\n350,269.2\n166,578.5\n545,118.2\n311,310.8\n105,766.9\n638,341.8\n39,837.1\n533,691.3\n99,053.9\n3,090,123.4\nMAY\n114,053.3\n55,427.4\n142,023.3\n389,384.7\n255,352.1\n484,429.7\n318,129.4\n92,777.2\n700,668.7\n46,593.8\n578,509.2\n32,297.7\n3,209,646.5\nJUNE\n116,635.2\n58,578.8\n147,313.8\n447,394.5\n183,146.3\n352,600.3\n366,824.2\n96,685.8\n701,195.7\n46,578.5\n597,373.1\n104,843.6\n3,219,169.8\nJULY\n108,086.6\n46,449.5\n120,982.3\n380,448.8\n178,341.4\n677,700.7\n301,575.9\n97,583.8\n710,856.1\n39,395.9\n487,954.4\n102,531.4\n3,251,906.9\nAUGUST\n137,107.1\n48,726.1\n135,788.5\n319,106.0\n174,593.9\n637,190.7\n333,255.3\n99,194.1\n639,401.6\n41,996.5\n417,762.6\n93,772.1\n3,077,894.4\nSEPTEMBER\n100,028.3\n57,039.8\n145,652.5\n380,781.4\n207,379.2\n612,131.5\n408,359.1\n103,872.8\n795,047.6\n46,982.9\n435,912.4\n90,265.8\n3,383,453.4\nOCTOBER\n94,346.3\n52,722.4\n141,401.4\n338,625.9\n223,223.8\n754,145.4\n339,305.6\n99,583.3\n754,116.1\n41,527.2\n440,197.9\n97,771.1\n3,376,966.4\nNOVEMBER\n114,178.7\n47,740.9\n128,399.3\n312,639.2\n241,628.8\n741,885.4\n283,426.0\n80,507.6\n727,492.5\n42,901.0\n458,479.9\n89,292.5\n3,268,571.8\nDECEMBER\n113,914.2\n51,981.7\n142,938.1\n342,785.1\n213,125.2\n755,299.4\n327,658.1\n83,103.1\n762,884.4\n41,827.9\n432,436.3\n61,038.7\n3,328,992.1\n2014\nJANUARY\n130,154.6\n53,292.9\n146,876.1\n353,793.8\n259,569.6\n731,703.3\n304,033.2\n93,776.7\n770,435.4\n40,085.9\n485,573.1\n60,897.7\n3,430,192.5\nFEBRUARY\n138,812.3\n55,092.2\n134,813.9\n420,181.0\n262,183.8\n786,295.6\n270,062.5\n131,134.8\n779,640.3\n39,169.2\n508,813.7\n61,822.3\n3,588,021.6\nMARCH\n118,239.1\n55,167.5\n135,807.9\n382,675.5\n216,025.3\n791,776.0\n275,549.1\n103,298.7\n806,185.9\n42,432.8\n521,381.5\n72,990.9\n3,521,530.3\nAPRIL\n164,347.5\n59,289.3\n102,323.7\n408,823.5\n325,559.7\n780,207.0\n325,659.8\n135,187.4\n888,876.2\n43,746.5\n582,848.8\n82,009.8\n3,898,879.1\nMAY\n149,474.1\n60,669.4\n108,977.6\n355,802.3\n332,850.8\n800,256.8\n303,599.4\n132,132.8\n1,027,552.7\n38,921.0\n581,930.2\n93,334.9\n3,985,501.8\nJUNE\n194,685.1\n64,188.9\n95,595.6\n470,267.7\n291,594.6\n812,999.7\n348,303.5\n130,453.4\n895,698.0\n44,735.5\n575,149.1\n91,392.4\n4,015,063.5\nJULY\n163,335.6\n56,812.0\n87,587.5\n370,121.7\n303,367.3\n830,988.6\n334,436.8\n112,985.0\n880,761.1\n44,675.4\n587,756.7\n94,841.5\n3,867,669.2\nAUGUST\n128,794.1\n38,934.1\n90,012.5\n271,204.3\n270,009.9\n755,141.6\n236,267.5\n130,548.6\n865,566.6\n31,180.4\n467,724.2\n89,582.4\n3,374,966.2\nSEPTEMBER\n177,932.5\n56,444.5\n82,756.7\n315,956.8\n309,508.3\n951,593.4\n278,461.5\n174,497.9\n978,044.0\n47,792.7\n571,629.9\n103,464.8\n4,048,083.1\nOCTOBER\n158,421.7\n57,091.4\n83,973.9\n407,934.0\n308,028.8\n917,450.3\n266,690.9\n178,771.0\n936,336.2\n44,950.2\n613,425.1\n91,764.1\n4,064,837.5\nNOVEMBER\n140,908.6\n61,494.3\n93,114.0\n350,153.8\n313,668.7\n881,007.4\n271,049.9\n137,867.8\n955,760.6\n48,177.7\n641,405.3\n90,462.2\n3,985,070.2\nDECEMBER\n147,242.4\n60,358.1\n118,725.7\n328,729.5\n325,746.6\n950,304.9\n290,329.3\n118,977.8\n964,815.0\n47,574.3\n638,061.1\n92,040.8\n4,082,906.3\n2015\nJANUARY\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n14 \n \n \n \n \n \n \n \n \nEnd Pe rio d\n19 9 9\n2 0 0 0\n2 0 0 1\n2 0 0 2\n2 0 0 3\n2 0 0 4\n2 0 0 5\n2 0 0 6\n2 0 0 7\n2 0 0 8\n2 0 0 9\n2 0 10\n2 0 11\n2 0 12\n2 0 13\n( U S $ millio ns )\nLo ng - Te rm Ext e rnal D e b t\n3 ,53 0\n3 ,2 2 7\n3 ,2 55\n3 ,3 2 7\n3 ,6 4 4\n3 ,9 2 7\n3 ,8 0 5\n3 ,9 6 5\n4 ,0 3 2\n4 ,4 6 4\n4 ,9 51\n5,175\n6 ,0 9 6\n6 ,6 0 7\n7,3 70\nGo ve rnme nt\n2 ,4 6 1\n2 ,2 4 9\n2 ,3 2 8\n2 ,3 76\n2 ,6 17\n2 ,8 4 4\n2 ,8 9 5\n3 ,0 2 4\n3 ,0 54\n3 ,4 6 4\n4 ,0 3 7\n4 ,0 9 5\n4 ,6 3 8\n4 ,9 2 9\n5,0 12\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\nPub lic Ent e rp ris e s\n54 3\n53 4\n56 8\n6 16\n6 9 8\n714\n70 9\n76 6\n79 0\n8 2 5\n8 57\n9 3 8\n1,0 9 2\n1,19 8\n1,3 56\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nM o ne t ary A ut ho rit ie s\n3 6 4\n2 9 2\n2 9 2\n2 79\n2 8 8\n2 9 1\n14 4\n13 0\n13 7\n14 0\n14 0\n13 8\n12 7\n12 5\n12 5\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\nPrivat e\n16 2\n152\n6 7\n56\n4 1\n78\n57\n4 5\n51\n3 5\n57\n14 2\n3 6 6\n4 8 0\n1,0 0 2\nS ho rt - Te rm Ext e rnal D e b t\n53 2\n2 9 8\n16 7\n18 3\n16 9\n14 4\n173\n2 8 1\n3 8 7\n2 2 6\n1,19 8\n1,3 8 2\n1,2 8 9\n8 9 0\n1,56 4\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\nReserve Bank\n642\n642\n618\n614\n614\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\nTo t al Ext e rnal D e b t\n4 ,0 6 2\n3 ,52 5\n3 ,4 2 2\n3 ,510\n3 ,8 12\n4 ,0 71\n3 ,9 78\n4 ,2 4 6\n4 ,4 19\n4 ,6 9 0\n6 ,14 9\n6 ,557\n7,3 8 5\n7,4 9 7\n8 ,9 3 4\nGro s s D o me s t ic Pro d uc t\n5,990\n6,107\n10,887\n6,715\n5,037\n4,299\n2,918\n6,645\n4,000\n3,175\n6,133\n7,433\n8,865\n8,865\n12,973\nExt e rnal D e b t / GD P\n6 8 %\n57.7%\n3 1.4 %\n52 .3 %\n75.7%\n9 4 .7%\n13 6 .3 %\n6 3 .9 %\n110 .5%\n14 7.7%\n10 0 .3 %\n8 8 .2 %\n8 3 .3 %\n8 4 .6 %\n6 8 .9 %\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS) (WITH RBZ)\n \n \nMONTHLY ECONOMIC REVIEW \n15 \n \n \n \nEnd Period\nNominal Lending Rates\n2\nIndividuals \nCorporate\nNominal Lending \nRates\n2\nIndividuals \nCorporate\n2014 \nJan\n6.00-35.00\n14.09 \n9.30 \n15.00-23.00\n18.88 \n17.74 \nFeb \n6.00-35.00\n14.08 \n9.32 \n15.00-23.00\n18.88 \n17.73 \nMar\n6.00-35.00\n14.24 \n9.27 \n15.00-23.00\n18.88 \n17.73 \nApr\n6.00-35.00\n14.22 \n9.12 \n15.00-23.00\n18.88 \n17.73 \nMay\n6.00-35.00\n14.39 \n9.25 \n15.00-23.00\n18.87 \n17.74 \nJun\n6.00-35.00\n14.44 \n9.33 \n15.00-23.00\n19.00 \n18.00 \nJul\n6.00-35.00\n14.33 \n9.45 \n15.00-23.00\n19.00 \n18.00 \nAug\n6.00-35.00\n14.28 \n9.45 \n15.00-23.00\n19.00 \n18.00 \nSep\n6.00-35.00\n14.45 \n9.57 \n15.00-23.00\n19.00 \n18.00 \nOct\n6.00-35.00\n14.36 \n9.90 \n15.00-23.00\n19.00 \n18.00 \nNov\n6.00-35.00\n14.26 \n9.97 \n15.00-23.00\n19.00 \n18.00 \nDec\n6.00-35.00\n14.19 \n9.68 \n15.00-23.00\n19.00 \n18.00 \n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \n6.00-21.00\n19.00 \n18.00 \nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)\n1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nMerchant Banks\nWeighted Average Lending Rates\n3 \nNominal Lending Rates\n3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \nMONTHLY ECONOMIC REVIEW \n16 \n \n \n \n ACCEPTING HOUSES\nEND OF\nSAVINGS\n3 MONTHS\n3 MONTHS\n2014 \nJan\n0.15-8.00\n3.00-20.00\n11.00-12.00\nFeb \n0.15-8.00\n3.00-20.00\n11.00-12.00\nMar\n0.15-8.00\n3.00-20.00\n11.00-12.00\nApr\n0.15-8.00\n3.00-20.00\n11.00-12.00\nMay\n0.15-8.00\n3.00-20.00\n11.00-12.00\nJun\n0.15-8.00\n3.00-20.00\n11.00-12.00\nJul\n0.15-8.00\n3.00-20.00\n11.00-12.00\nAug\n0.15-8.00\n4.00-20.00\n11.00-12.00\nSep\n0.15-8.00\n4.00-20.00\n11.00-12.00\nOct\n0.15-8.00\n4.00-20.00\n11.00-12.00\nNov\n0.15-8.00\n4.00-20.00\n11.00-12.00\nDec\n0.15-8.00\n3.00-20.00\n12.00-12.00\n2015 \nJan\n0.15-8.00\n3.00-17.00\n12.00-12.00\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \nMONTHLY ECONOMIC REVIEW \n17 \n \n \n \n \n \n \nFOOD INFLATION\nALL\nA LCOHOLIC \nB EVER A GES \nC LOTHIN G\nHS IN G, WATER,\nFU RN ITUR E\nHEA LTH\nTR AN S POR T\nCOM M U NIC A TION\nR EC R EATION &\nED U CA TION\nR ES TA UR A NTS &\nM IS C .\nTOTAL N ON\nFOOD & \nITEM S\n& TOB A CC O\nFOOTWEA R\nELECTR ICTY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON A LC OHOLIC \nB EV ER A GES\n& OTHER\nEQUIPM EN T\nS ER VIC ES\nFU ELS\nWEIGHTS\n4 .3 8\n6 .0 5\n17.74\n9 .9 1\n2 .16\n9 .76\n3 .4 1\n2 .1\n5.6 7\n1.3 8\n3 .9 1\n6 6 .4 7\n3 3 .53\n10 0\n2013\nOCTOB ER\n1.2 1\n0 .0 0\n- 0 .0 1\n- 0 .3 6\n0 .0 6\n- 0 .3 2\n- 0 .0 7\n- 0 .15\n0 .0 2\n- 0 .0 8\n- 0 .2 0\n- 0 .0 4\n0 .0 4\n- 0 .0 1\nN OV EM B ER\n0 .3 8\n- 0 .19\n- 0 .0 1\n- 0 .3 7\n0 .10\n- 0 .13\n- 0 .0 1\n- 0 .13\n5.57\n1.0 8\n- 0 .2 7\n0 .4 3\n- 0 .6 0\n0 .0 9\nD EC EM B ER\n0 .14\n- 0 .0 1\n0 .3 7\n- 0 .2 9\n0 .12\n0 .2 7\n0 .0 5\n- 0 .2 2\n0 .0 0\n0 .0 0\n- 0 .4 6\n0 .0 8\n- 0 .4 1\n- 0 .0 8\n2014\nJAN U AR Y\n0 .2 0\n- 0 .0 7\n0 .0 0\n0 .0 1\n- 0 .2 3\n0 .0 1\n0 .0 0\n- 0 .0 7\n0 .0 2\n0 .16\n- 0 .0 9\n0 .0 0\n0 .4 4\n0 .14\nFEB R UA R Y\n- 0 .0 1\n- 0 .0 9\n- 0 .11\n- 0 .0 8\n0 .0 9\n0 .0 8\n0 .0 0\n- 0 .0 4\n0 .2 3\n- 0 .0 8\n0 .0 7\n- 0 .0 1\n0 .18\n0 .0 5\nM A R C H\n- 0 .0 5\n- 0 .0 6\n- 0 .8 2\n- 0 .12\n0 .0 2\n0 .0 0\n0 .0 1\n0 .0 0\n0 .0 0\n0 .0 1\n- 0 .3 0\n- 0 .2 6\n- 0 .14\n- 0 .2 2\nA PR IL\n0 .3 0\n- 0 .10\n- 0 .13\n- 0 .75\n0 .16\n0 .3 3\n- 0 .0 2\n0 .3 4\n12 .6 4\n- 1.0 2\n- 0 .0 3\n1.0 9\n- 0 .4 6\n0 .58\nM A Y\n0 .11\n- 0 .11\n- 0 .0 6\n- 0 .2 9\n0 .0 0\n0 .2 3\n- 0 .0 3\n- 0 .2 0\n0 .0 7\n- 0 .13\n- 0 .4 3\n- 0 .0 5\n- 0 .3 0\n- 0 .13\nJUN E\n- 0 .0 5\n0 .12\n0 .0 0\n0 .0 6\n0 .3 0\n- 0 .0 3\n0 .0 0\n- 0 .0 9\n0 .0 0\n- 0 .11\n0 .15\n0 .0 2\n- 0 .12\n- 0 .0 3\nJULY\n- 0 .4 7\n- 0 .2 1\n0 .12\n0 .3 0\n- 0 .0 1\n0 .11\n- 0 .12\n- 0 .13\n- 0 .0 8\n1.79\n0 .8 5\n- 0 .3 7\n0 .2 5\n0 .0 1\nA UGU S T\n- 0 .8 1\n- 0 .0 5\n- 0 .0 9\n0 .0 0\n- 0 .14\n0 .0 4\n0 .2 8\n- 0 .0 6\n- 0 .0 8\n- 0 .0 2\n0 .0 2\n- 1.2 1\n- 0 .0 7\n- 0 .3 1\nS EPTEM B ER\n0 .10\n0 .14\n0 .4 5\n- 0 .2 7\n0 .2 1\n0 .3 8\n- 0 .0 6\n- 0 .14\n0 .0 0\n- 0 .4 0\n0 .11\n0 .15\n- 0 .3 4\n- 0 .0 1\nOCTOB ER\n0 .16\n0 .0 7\n0 .0 0\n- 0 .14\n- 0 .0 1\n- 0 .2 7\n- 0 .0 6\n- 0 .0 4\n0 .0 1\n0 .0 2\n0 .0 3\n- 0 .0 4\n- 0 .2 4\n- 0 .11\nN OV EM B ER\n0 .19\n0 .12\n- 0 .0 3\n- 0 .0 9\n0 .0 9\n0 .10\n0 .0 2\n0 .0 2\n- 9 .18\n- 0 .6 2\n0 .0 6\n- 0 .9 6\n- 0 .11\n- 0 .6 9\nD EC EM B ER\n0 .0 1\n- 0 .10\n0 .16\n- 0 .10\n0 .13\n0 .19\n0 .0 0\n- 0 .16\n0 .0 0\n- 0 .2 3\n- 0 .15\n0 .0 4\n- 0 .3 6\n- 0 .0 9\n2015\nJAN U AR Y\n- 0 .0 4\n- 0 .0 1\n0 .0 8\n0 .0 7\n0 .0 6\n- 0 .9 7\n- 13 .4 1\n0 .0 2\n- 0 .0 8\n- 0 .4 8\n0 .3 0\n- 0 .6 9\n0 .4 0\n- 0 .3 4\nN ON - FOOD IN FLATION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n18 \n \nFOOD \nINFLA TION\nALL\nA LC OHOLIC \nB EVER AGES \nC LOTHIN G\nHS IN G, \nWA TER,\nFU RN ITUR E\nHEALTH\nTRAN S POR T\nC OM M UNIC A\nTION\nR EC REATION \n&\nEDUC ATION\nR ES TA UR AN\nTS &\nM IS C.\nTOTAL N ON\nFOOD & \nITEM S\n& TOB A CCO\nFOOTWEA R\nELEC TR ICTY , \nGAS\nA ND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nA LC OHOLIC \nB EV ER AGES\n& OTHER\nEQUIPM EN T\nS ERV ICES\nFU ELS\nWEIGHTS\n4 .3 8\n6 .0 5\n17.74\n9 .9 1\n2 .16\n9 .76\n3 .4 1\n2 .1\n5.6 7\n1.3 8\n3 .9 1\n6 6 .4 7\n3 3 .53\n10 0\n2 0 13\nS EPTEM B ER\n4 .3 6\n0 .6 1\n3 .7\n- 0 .3 7\n2 .1\n5.0 6\n- 13 .6 6\n- 1.0 1\n5.74\n1.2 3\n0 .9 3\n1.4 5\n- 0 .3 2\n0 .8 6\nOC TOB ER\n5.2 3\n0 .2 5\n2 .9 6\n- 0 .7\n2 .2 1\n1.4\n- 13 .76\n- 0 .73\n9 .0 5\n0 .8 3\n- 0 .2\n1.2 5\n- 0 .74\n0 .59\nNOVEM B ER\n5.9 4\n- 0 .0 7\n3 .51\n- 1.0 3\n2 .4 2\n- 7.0 4\n- 13 .8 3\n- 0 .9 2\n11.19\n2 .0 6\n- 0 .3 5\n1.58\n- 1.51\n0 .54\nDECEM B ER\n4 .2 6\n0 .0 9\n3 .6 3\n- 1.0 8\n2 .11\n1.6 1\n- 13 .9 9\n- 1.0 3\n11.2 9\n2 .0 3\n- 0 .8 7\n1.6 1\n- 2 .2\n0 .3 3\n2 0 14\nJA NU ARY\n5.0 3\n0 .0 3\n3 .6 3\n- 1.0 7\n1.8 7\n1.6 2\n- 14\n- 1.12\n11.3\n2 .18\n- 0 .4 3\n1.6 7\n- 2 .0 8\n0 .4 1\nFEB R UAR Y\n2 .2 1\n- 0 .4 3\n3 .0 9\n- 1.3 5\n0 .4 4\n0 .0 5\n- 13 .8 6\n- 1.0 8\n11.4 7\n1.3 2\n- 1.4 5\n0 .9 3\n- 3 .2 6\n- 0 .4 9\nM AR CH\n1.6 7\n- 0 .53\n2 .2 1\n- 1.8 2\n0 .4\n- 0 .4 4\n- 13 .6 8\n- 1.2 1\n11.4 7\n2 .4 7\n- 1.8 2\n0 .51\n- 3 .71\n- 0 .9 1\nAPRIL\n1.78\n- 0 .55\n0 .4 6\n- 2 .6\n0 .2 2\n- 0 .11\n- 0 .6 2\n- 0 .9 3\n2 0 .71\n1.13\n- 1.56\n1.5\n- 3 .73\n- 0 .2 6\nM AY\n1.9 1\n- 0 .8 3\n0 .3 9\n- 2 .6 2\n0 .2 9\n0 .8 6\n- 0 .6\n- 0 .6 4\n2 0 .79\n0 .9 5\n- 1.6 9\n1.6 2\n- 3 .75\n- 0 .19\nJU NE\n1.6 8\n- 0 .8 1\n0 .4\n- 2 .54\n0 .6 4\n0 .9 7\n- 0 .2 7\n- 0 .8 4\n2 0 .79\n0 .9 9\n- 1.6 7\n1.6 7\n- 3 .54\n- 0 .0 8\nJU LY\n- 2 .8 8\n1.6 4\n- 0 .6 8\n0 .7\n- 2 .4\n0 .8\n0 .5\n- 0 .4\n- 0 .8\n2 3\n1.8\n- 2\n1.9\n0 .3\nAU GUS T\n- 2 .79\n2 .0 2\n- 0 .4 4\n- 0 .1\n- 2 .5\n0 .6\n0 .7\n- 0 .3\n- 0 .8\n2 1.4\n0 .9\n- 2 .8\n1.6\n0 .2\nS EPTEM B ER\n2 .10\n- 0 .3 4\n- 0 .0 3\n- 2 .6 0\n0 .9 8\n0 .9 9\n- 0 .3 2\n- 0 .8 5\n2 1.4 2\n0 .2 8\n- 3 .0 6\n1.59\n- 2 .9 5\n0 .0 9\nOC TOB ER\n1.0 4\n- 0 .2 7\n- 0 .0 1\n- 2 .3 8\n0 .9 1\n1.0 4\n- 0 .3 1\n- 0 .75\n2 1.4 1\n0 .3 8\n- 2 .8 3\n1.59\n- 3 .2 3\n0 .0 0\nNOVEM B ER\n0 .8 4\n0 .0 4\n- 0 .0 3\n- 2 .11\n0 .9 1\n1.2 6\n- 0 .2 8\n- 0 .59\n4 .4 4\n- 1.3 1\n- 2 .50\n0 .17\n- 2 .75\n- 0 .78\nDECEM B ER\n0 .71\n- 0 .0 5\n- 0 .2 4\n- 1.9 2\n0 .9 2\n1.18\n- 0 .3 3\n- 0 .53\n4 .4 5\n- 1.54\n- 2 .2 1\n0 .13\n- 2 .7\n- 0 .8\n2 0 15\nJA NU ARY\n0 .4 7\n0 .0 0\n- 0 .16\n- 1.8 6\n1.2 1\n0 .19\n- 13 .6 9\n- 0 .4 4\n4 .3 5\n- 2 .16\n- 1.8 2\n- 0 .57\n- 2 .74\n- 1.2 8\nNON- FOOD IN FLATION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n19 \n \n \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2014\nJANUARY\n11.21\n9.09\n102.47\n1.35\n1.65\nFEBRUARY\n10.71\n8.85\n101.74\n1.37\n1.67\nMARCH\n10.56\n8.85\n102.38\n1.38\n1.68\nAPRIL\n10.57\n8.85\n102.38\n1.38\n1.68\nMAY\n10.44\n8.73\n101.61\n1.36\n1.67\nJUNE\n10.58\n8.67\n101.3\n1.36\n1.7\nJULY\n10.68\n8.85\n102.76\n1.36\n1.69\nAUGUST\n10.98\n9.07\n107.35\n1.29\n1.63\nSEPTEMBER\n11.26\n9.26\n109.39\n1.27\n1.63\nOCTOBER\n10.90\n9.11\n110.87\n1.26\n1.59\nNOVEMBER\n11.02\n9.22\n118.21\n1.38\n1.57\nDECEMBER\n11.56\n9.51\n119.65\n1.22\n1.56\n2015\nJANUARY\n11.55\n9.61\n117.85\n1.13\n1.51\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n \n \nMONTHLY ECONOMIC REVIEW \n20 \nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\n2013\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n Jan\n323.4\n378.5\n103.4\n182.3\n247.8\n0.0\n0.0\n1235.5\n52.2\n2694.9\n386.1\n205.7\n386.7\n4961.1\n Feb\n292.2\n357.7\n120.5\n234.6\n239.9\n0.0\n0.0\n1244.9\n27.7\n2689.3\n328.8\n208.0\n388.3\n4887.0\n Mar\n271.6\n345.7\n196.1\n198.9\n265.3\n0.0\n0.0\n1277.6\n26.1\n2715.8\n367.2\n228.8\n388.0\n5003.5\n Apr\n263.8\n383.6\n201.1\n272.9\n289.9\n75.3\n5.2\n1491.7\n26.3\n2595.8\n341.3\n207.0\n382.1\n5044.2\n May\n250.9\n400.9\n198.2\n296.7\n253.5\n75.4\n5.3\n1480.8\n25.8\n2673.2\n389.8\n208.0\n382.9\n5160.4\n Jun\n227.2\n416.4\n171.9\n257.5\n271.8\n75.5\n5.3\n1425.8\n26.0\n2698.3\n364.1\n217.8\n384.6\n5116.5\n Jul\n266.5\n352.8\n164.2\n266.1\n263.8\n110.2\n6.4\n1429.9\n26.5\n2701.3\n337.1\n229.8\n387.0\n5111.7\n Aug.\n322.8\n277.9\n136.4\n242.5\n237.8\n61.1\n6.4\n1285.0\n26.2\n2813.0\n367.0\n218.3\n385.2\n5094.7\n Sep\n334.1\n336.0\n178.0\n327.8\n226.3\n111.5\n6.0\n1519.7\n26.9\n2773.3\n298.8\n234.7\n386.4\n5239.8\n Oct\n379.4\n387.5\n137.1\n219.7\n260.9\n99.4\n5.0\n1489.0\n17.3\n2809.1\n316.7\n257.3\n371.5\n5260.9\n Nov\n333.3\n312.7\n160.2\n197.1\n261.1\n108.6\n6.5\n1379.5\n26.6\n2789.7\n291.3\n235.4\n369.8\n5092.3\n Dec\n354.8\n367.8\n135.5\n287.3\n199.9\n118.0\n6.6\n1469.9\n28.4\n2799.5\n490.8\n259.5\n347.6\n5395.7\n2014\n Jan\n356.9\n395.3\n134.1\n253.1\n153.0\n119.2\n5.4\n1417.0\n27.9\n2866.4\n516.1\n362.2\n353.9\n5543.5\n Feb\n334.3\n387.0\n130.5\n285.0\n131.2\n193.2\n5.4\n1466.6\n32.8\n2718.1\n534.5\n502.9\n351.1\n5606.0\n Mar\n304.6\n354.1\n147.4\n280.3\n165.9\n255.2\n5.4\n1512.9\n28.7\n2737.9\n522.7\n538.8\n349.7\n5690.7\n Apr\n353.3\n367.8\n154.4\n274.9\n205.7\n247.0\n5.4\n1608.4\n32.5\n2844.6\n534.1\n345.3\n348.6\n5713.6\n May\n327.8\n421.1\n120.5\n372.8\n211.5\n241.7\n5.4\n1700.6\n27.5\n2836.8\n591.4\n366.2\n347.1\n5869.6\n Jun\n347.1\n404.7\n166.4\n338.1\n198.0\n261.9\n0.0\n1716.1\n16.2\n2863.2\n607.8\n362.9\n346.4\n5912.6\n Jul\n347.1\n321.3\n176.7\n276.3\n186.0\n246.2\n0.0\n1553.7\n15.4\n2940.4\n597.5\n347.4\n345.6\n5800.0\n Aug\n360.7\n424.5\n178.5\n243.5\n173.9\n237.5\n0.0\n1618.6\n15.5\n2949.1\n609.5\n353.9\n346.4\n5892.9\n Sep\n255.6\n636.8\n183.0\n158.8\n176.0\n253.9\n0.0\n1664.2\n4.1\n2949.4\n624.6\n371.5\n341.5\n5955.3\n Oct\n226.1\n597.7\n175.0\n205.5\n180.3\n260.1\n0.0\n1644.7\n15.6\n2938.4\n594.4\n369.0\n341.8\n5903.8\n Nov\n258.9\n556.7\n169.1\n157.5\n178.5\n281.6\n0.0\n1602.2\n4.2\n2951.6\n597.5\n369.4\n341.1\n5865.9\n Dec\n310.2\n466.1\n168.0\n152.4\n188.8\n285.4\n0.0\n1571.0\n7.3\n2961.2\n633.2\n377.7\n389.2\n5939.5\n2015\n Jan\n0.6\n527.9\n159.0\n182.6\n163.6\n301.9\n0.0\n1335.6\n21.4\n2796.8\n557.7\n606.5\n366.1\n5684.2\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n21 \n \n \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2013\n Jan\n2032.2\n866.1\n552.4\n3450.7\n266.1\n0.0\n27.8\n623.9\n386.1\n206.5\n4961.1\n3450.7\n Feb\n1987.8\n933.3\n491.5\n3412.5\n258.1\n0.0\n32.4\n631.9\n328.8\n223.3\n4887.0\n3417.9\n Mar\n1960.0\n976.3\n451.0\n3387.3\n290.9\n0.0\n32.8\n687.7\n367.2\n237.6\n5003.5\n3387.3\n Apr\n2074.5\n1046.3\n379.5\n3500.3\n247.6\n0.0\n37.9\n667.2\n341.3\n249.8\n5044.2\n3500.3\n May\n2066.0\n913.0\n479.9\n3459.0\n346.5\n0.0\n81.8\n674.4\n389.8\n209.0\n5160.4\n3459.0\n Jun\n2014.0\n919.6\n298.9\n3232.4\n553.0\n0.0\n74.1\n702.3\n364.1\n190.6\n5116.5\n3232.4\n Jul\n2054.1\n916.2\n245.9\n3216.2\n578.3\n0.0\n77.5\n699.7\n337.1\n202.9\n5111.7\n3216.2\n Aug.\n2017.4\n879.5\n253.2\n3150.1\n608.2\n0.0\n63.8\n694.9\n367.0\n210.8\n5094.7\n3150.1\n Sep\n2082.1\n899.3\n294.5\n3275.8\n674.6\n0.0\n74.0\n708.8\n298.8\n207.7\n5239.8\n3275.8\n Oct\n2125.9\n880.0\n349.3\n3355.2\n611.4\n0.0\n68.5\n703.0\n316.7\n206.0\n5260.9\n3355.2\n Nov\n1953.4\n861.2\n371.6\n3186.2\n627.8\n0.0\n75.8\n689.7\n291.3\n221.6\n5092.3\n3186.2\n Dec\n1980.4\n813.6\n517.1\n3311.1\n614.0\n0.0\n65.0\n730.9\n490.8\n184.0\n5395.7\n3311.1\n2014\n Jan\n2153.6\n802.7\n403.5\n3359.8\n661.3\n0.0\n55.9\n592.9\n516.1\n357.5\n5543.5\n3359.8\n Feb\n2111.8\n878.8\n494.6\n3485.2\n630.0\n0.0\n51.1\n609.5\n534.5\n359.0\n5669.5\n3485.2\n Mar\n2156.8\n919.6\n454.2\n3530.6\n635.5\n0.0\n44.8\n596.4\n522.7\n360.7\n5690.7\n3530.6\n Apr\n2267.5\n958.3\n435.7\n3661.5\n553.5\n0.0\n17.0\n595.0\n534.1\n352.4\n5713.6\n3661.5\n May\n2294.9\n975.8\n451.7\n3722.4\n585.0\n0.0\n13.7\n591.1\n591.4\n366.1\n5869.6\n3722.4\n Jun\n2248.9\n989.8\n506.1\n3744.8\n543.8\n0.0\n48.3\n591.2\n607.8\n376.7\n5912.6\n3744.8\n Jul\n2130.4\n892.9\n606.6\n3629.9\n560.8\n0.0\n39.5\n571.5\n597.5\n400.6\n5800.0\n3629.9\n Aug\n2202.3\n963.1\n539.9\n3705.3\n552.7\n0.0\n43.5\n580.7\n609.5\n401.2\n5892.9\n3705.3\n Sep\n2191.0\n1011.1\n562.6\n3764.8\n548.9\n0.0\n59.5\n544.8\n624.6\n412.7\n5955.3\n3764.8\n Oct\n2260.8\n1015.1\n509.9\n3785.8\n506.8\n0.0\n47.4\n543.3\n594.4\n426.0\n5903.8\n3785.8\n Nov\n2231.8\n943.4\n526.5\n3701.6\n509.4\n0.0\n90.6\n541.8\n597.5\n425.0\n5865.9\n3701.6\nDec\n2219.8\n1015.2\n457.9\n3692.9\n537.6\n0.0\n85.1\n560.7\n633.2\n430.0\n5939.5\n3692.9\n2015\nJan\n2056.2\n996.2\n561.7\n3614.0\n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5684.2\n3614.0\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ Millions\nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n22 \n \n \nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2013\n Jan\n1.5\n2.7\n28.6\n0.0\n3.4\n0.0\n0.0\n36.2\n0.0\n236.7\n34.8\n60.2\n29.1\n397.0\n Feb\n4.7\n1.5\n18.4\n0.0\n4.5\n0.0\n0.0\n26.9\n0.0\n245.7\n34.8\n63.9\n28.9\n398.2\n Mar\n2.5\n1.1\n7.3\n-3.1\n1.2\n0.0\n0.0\n8.9\n0.0\n260.3\n34.2\n50.4\n28.8\n382.6\n Apr\n2.7\n1.3\n20.1\n-1.9\n1.2\n0.0\n0.0\n23.4\n0.0\n254.9\n34.2\n51.7\n27.7\n392.0\n May\n2.4\n4.1\n18.6\n-2.4\n4.5\n0.0\n0.0\n27.3\n0.0\n253.4\n34.6\n63.0\n12.7\n391.0\n Jun\n2.4\n3.6\n7.9\n1.1\n9.1\n0.0\n0.0\n24.1\n0.0\n260.3\n34.6\n51.4\n35.2\n405.6\n Jul\n1.9\n1.3\n2.8\n2.2\n3.4\n0.0\n0.0\n11.6\n0.0\n264.0\n34.8\n51.7\n35.5\n397.6\n Aug\n1.4\n1.7\n0.4\n0.6\n3.4\n0.0\n0.0\n7.4\n0.0\n265.6\n34.5\n45.5\n37.3\n390.3\n Sep\n1.2\n0.8\n0.0\n0.3\n3.4\n0.0\n0.0\n5.7\n0.0\n233.7\n35.8\n46.6\n38.6\n360.4\n Oct\n0.9\n0.5\n0.4\n0.6\n2.5\n0.0\n0.0\n4.8\n0.0\n234.8\n35.6\n41.3\n38.7\n355.2\n Nov\n0.4\n0.6\n0.1\n0.2\n2.5\n0.0\n0.0\n3.9\n0.0\n231.9\n35.5\n39.6\n38.3\n349.2\n Dec\n1.1\n0.5\n0.1\n0.4\n2.5\n0.0\n0.0\n4.6\n0.0\n232.7\n35.5\n29.2\n40.5\n342.5\n2014\n Jan\n0.1\n0.5\n0.0\n0.2\n1.8\n0.0\n0.0\n2.6\n0.0\n81.3\n10.0\n23.5\n34.7\n152.1\n Feb\n0.2\n0.4\n0.1\n0.1\n1.8\n0.0\n0.0\n2.5\n0.0\n77.6\n9.0\n24.1\n34.6\n147.9\n Mar\n0.1\n0.1\n0.1\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n53.2\n8.7\n21.8\n32.5\n118.1\n Apr\n0.1\n0.4\n0.2\n0.3\n1.6\n0.0\n2.6\n5.2\n75.2\n8.5\n22.2\n32.4\n140.9\n284.4\n May\n0.2\n0.4\n0.0\n0.1\n0.3\n0.0\n0.9\n1.9\n68.7\n0.1\n14.6\n30.3\n114.6\n230.2\n Jun\n0.2\n0.2\n0.1\n0.0\n0.6\n0.0\n0.0\n1.2\n0.0\n66.8\n0.1\n14.7\n29.6\n112.4\n Jul\n0.2\n0.3\n0.0\n0.1\n0.3\n0.0\n0.0\n0.9\n0.0\n66.9\n0.1\n12.9\n28.7\n109.6\n Aug\n0.2\n0.7\n0.0\n0.1\n0.3\n0.0\n0.0\n1.3\n0.0\n64.4\n0.0\n19.4\n23.9\n109.0\n Sep\n0.4\n0.2\n0.0\n0.1\n0.3\n0.0\n0.0\n1.1\n0.0\n65.9\n0.1\n18.9\n19.7\n105.8\n Oct\n0.7\n0.7\n0.0\n0.1\n0.3\n0.0\n0.0\n1.7\n0.0\n68.3\n0.1\n10.8\n25.9\n106.9\n Nov\n0.6\n0.1\n0.0\n0.1\n0.3\n0.0\n0.0\n1.0\n0.0\n67.1\n0.1\n12.4\n25.8\n106.3\nDec\n0.9\n0.4\n0.0\n0.1\n0.3\n0.0\n0.0\n1.7\n0.0\n63.6\n0.1\n10.0\n24.6\n100.0\n2015\n Jan\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\nUS$ Millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \nMONTHLY ECONOMIC REVIEW \n23 \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2013\n Jan\n106.9\n91.7\n21.3\n220.0\n44.8\n0.0\n2.7\n-72.4\n34.8\n167.2\n397.0\n220.0\n Feb\n102.8\n66.0\n55.7\n224.5\n45.3\n0.0\n2.7\n-77.8\n34.8\n168.7\n398.2\n224.5\n Mar\n104.3\n62.3\n52.8\n219.5\n45.8\n0.0\n1.2\n-97.3\n34.2\n179.3\n382.6\n219.5\n Apr\n107.3\n64.6\n56.3\n228.3\n45.4\n0.0\n1.2\n-98.1\n34.2\n181.1\n392.0\n228.3\n May\n112.2\n67.1\n54.4\n233.6\n46.7\n0.0\n1.2\n-99.4\n34.6\n174.3\n391.0\n233.6\n Jun\n114.6\n56.2\n52.3\n223.1\n46.7\n0.0\n1.2\n-91.2\n34.6\n191.2\n405.6\n223.1\n Jul\n111.3\n82.7\n27.0\n220.9\n47.1\n0.0\n1.2\n-94.1\n34.8\n187.8\n397.6\n220.9\n Aug\n109.5\n80.6\n25.2\n215.2\n47.5\n0.0\n1.2\n-101.7\n34.5\n193.6\n390.3\n215.2\n Sep\n111.2\n82.6\n19.0\n212.8\n47.9\n0.0\n1.2\n-114.9\n35.8\n177.8\n360.4\n212.8\n Oct\n112.5\n80.4\n14.9\n207.8\n48.2\n0.0\n1.2\n-114.3\n35.6\n176.7\n355.2\n207.8\n Nov\n122.6\n59.7\n20.0\n202.3\n48.2\n0.0\n1.2\n-118.2\n35.5\n180.2\n349.2\n202.3\n Dec\n134.5\n56.4\n6.9\n197.8\n48.9\n0.0\n1.2\n-127.6\n35.5\n186.7\n342.5\n197.8\n2014\n Jan\n36.8\n57.7\n5.7\n100.1\n11.7\n0.0\n0.0\n0.7\n10.0\n29.5\n152.1\n100.1\n Feb\n47.6\n48.3\n0.0\n95.8\n11.7\n0.0\n0.0\n-10.9\n9.0\n42.3\n147.9\n95.8\n Mar\n41.0\n55.8\n0.0\n96.9\n12.0\n0.0\n0.0\n-17.7\n8.7\n18.4\n118.1\n96.9\n Apr\n57.4\n40.3\n0.0\n97.7\n12.2\n0.0\n0.0\n-19.8\n8.5\n42.4\n140.9\n97.7\n May\n42.8\n34.6\n0.0\n77.4\n0.0\n0.0\n0.0\n4.7\n0.1\n32.5\n114.6\n77.4\n Jun\n42.8\n33.2\n0.0\n76.0\n0.0\n0.0\n0.0\n2.3\n0.1\n33.7\n112.1\n76.0\n Jul\n42.6\n33.8\n0.0\n76.3\n0.0\n0.0\n0.0\n-8.7\n0.1\n41.8\n109.6\n76.3\n Aug\n36.4\n40.4\n0.0\n76.8\n0.0\n0.0\n0.0\n-7.8\n0.0\n40.0\n109.0\n76.8\n Sep\n40.9\n33.9\n0.0\n74.9\n0.0\n0.0\n0.0\n-7.6\n0.1\n38.4\n105.8\n74.9\n Oct\n39.9\n33.7\n0.0\n73.6\n0.0\n0.0\n0.0\n-9.6\n0.1\n42.8\n106.9\n73.6\n Nov\n39.4\n33.3\n0.0\n72.7\n0.0\n0.0\n0.0\n-10.9\n0.1\n44.4\n106.3\n72.7\nDec\n36.9\n31.2\n0.0\n68.1\n0.0\n0.0\n0.0\n-17.9\n0.1\n49.7\n100.0\n68.1\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n24 \n \nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nat Banks\nBanks\nBills\n2013\nJan\n20.4\n125.5\n0.0\n0.2\n0.0\n0.0\n146.1\n0.0\n283.2\n118.5\n36.1\n121.4\n705.3\nFeb\n20.2\n64.3\n0.0\n0.0\n0.0\n0.0\n84.5\n0.0\n291.8\n117.9\n35.3\n121.4\n734.2\nMar\n18.8\n129.1\n0.0\n0.2\n20.0\n0.0\n168.1\n0.0\n291.4\n116.9\n39.5\n121.4\n737.3\nApr\n16.9\n159.8\n0.0\n0.2\n20.2\n0.0\n197.2\n0.0\n294.8\n115.5\n39.5\n122.1\n769.1\nMay\n30.2\n179.6\n0.0\n0.0\n20.3\n0.0\n230.0\n0.0\n307.3\n120.3\n40.4\n121.9\n819.9\nJun\n28.6\n178.8\n0.0\n0.0\n20.0\n0.0\n227.3\n0.0\n314.2\n122.4\n44.6\n121.8\n830.3\nJul\n26.1\n207.4\n0.0\n0.0\n20.0\n0.0\n253.5\n0.0\n312.4\n123.1\n48.3\n121.6\n858.9\nAug\n34.7\n204.1\n0.0\n0.0\n20.0\n0.0\n258.8\n0.0\n320.6\n123.0\n46.4\n124.1\n872.9\nSep\n36.4\n204.9\n0.0\n0.0\n20.0\n0.0\n261.3\n0.0\n353.4\n122.7\n51.9\n124.6\n913.9\nOct\n39.3\n186.8\n0.0\n0.0\n20.0\n0.0\n246.1\n0.0\n358.4\n128.2\n51.8\n122.4\n906.9\nNov\n39.7\n163.1\n0.0\n0.0\n40.0\n0.0\n242.8\n0.0\n361.6\n135.8\n43.6\n122.6\n906.4\nDec\n34.8\n158.8\n0.0\n0.0\n40.0\n0.0\n233.6\n0.0\n381.5\n127.7\n55.2\n123.0\n920.9\n2014\nJan\n30.9\n147.5\n0.2\n40.0\n0.0\n218.6\n0.0\n384.5\n136.4\n64.4\n125.3\n929.1\nFeb\n30.2\n165.0\n0.0\n0.2\n40.0\n0.0\n235.3\n0.0\n385.8\n132.0\n65.4\n125.4\n943.9\nMar\n47.5\n166.2\n0.0\n0.2\n40.0\n0.0\n253.8\n0.0\n390.4\n132.1\n68.8\n125.0\n970.1\nApr\n45.2\n161.0\n0.0\n0.2\n40.0\n0.0\n246.5\n0.0\n401.8\n132.4\n76.6\n124.7\n981.9\nMay\n47.7\n190.7\n0.0\n0.2\n40.0\n0.0\n278.6\n0.0\n394.0\n147.0\n82.7\n124.3\n1026.7\nJun\n39.5\n187.9\n0.0\n0.0\n40.0\n0.0\n267.4\n0.0\n400.0\n150.4\n84.0\n124.4\n1026.1\nJul\n40.6\n180.9\n0.0\n0.0\n40.0\n0.0\n261.5\n0.0\n431.8\n159.4\n84.1\n124.4\n1061.2\nAug\n17.8\n219.8\n0.0\n0.0\n51.4\n0.0\n289.1\n0.0\n442.4\n166.5\n86.4\n124.2\n1108.6\nSep\n51.2\n183.1\n0.0\n0.0\n51.4\n0.0\n285.7\n0.0\n452.1\n173.8\n95.6\n123.8\n1131.0\nOct\n37.1\n199.8\n0.0\n0.0\n51.7\n0.0\n288.6\n0.0\n483.1\n179.7\n102.2\n124.0\n1177.6\nNov\n53.2\n217.5\n0.0\n0.0\n32.8\n0.0\n303.5\n0.0\n512.4\n169.3\n109.0\n123.5\n1217.6\n Dec\n47.1\n211.2\n0.0\n0.0\n52.6\n0.0\n310.9\n0.0\n512.9\n169.0\n102.9\n125.3\n1221.0\n2015\nJan\n37.3\n196.0\n21.7\n0.1\n51.8\n0.0\n307.0\n0.0\n511.6\n172.1\n105.8\n126.1\n1222.5\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n25 \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2013\nJan\n230.0\n192.8\n422.8\n0.0\n0.0\n180.3\n102.3\n705.4\n422.8\nFeb\n255.7\n194.2\n449.9\n0.0\n0.0\n183.7\n100.6\n734.2\n449.9\nMar\n250.6\n203.9\n454.5\n0.0\n0.0\n187.2\n95.7\n737.3\n454.5\nApr\n252.9\n226.6\n479.5\n26.5\n50.4\n190.6\n22.3\n769.3\n479.5\nMay\n315.3\n212.0\n527.4\n26.6\n49.4\n193.3\n23.6\n820.2\n527.4\nJun\n309.0\n222.6\n531.6\n0.0\n0.0\n198.3\n100.4\n830.3\n531.6\nJul\n339.1\n222.8\n561.9\n21.7\n50.2\n202.0\n23.5\n859.2\n561.9\nAug\n298.4\n270.1\n568.4\n0.0\n0.0\n206.3\n95.8\n873.1\n568.4\nSep\n336.1\n246.9\n583.0\n20.8\n77.8\n209.2\n23.4\n914.1\n583.0\nOct\n310.9\n264.9\n575.8\n21.0\n74.4\n212.0\n24.0\n907.2\n575.8\nNov\n328.9\n244.3\n573.1\n21.0\n72.3\n214.8\n25.4\n906.7\n573.1\nDec\n370.3\n197.3\n567.6\n30.8\n75.8\n219.5\n27.3\n921.0\n567.6\n2014\nJan\n313.9\n253.1\n567.0\n26.1\n80.6\n225.9\n29.5\n929.1\n567.0\nFeb\n318.7\n264.4\n583.1\n25.1\n81.3\n228.6\n25.8\n943.9\n583.1\nMar\n374.6\n234.6\n609.2\n24.7\n79.6\n231.4\n25.2\n970.1\n609.2\nApr\n358.4\n262.7\n621.1\n24.9\n76.5\n234.0\n25.4\n981.9\n621.1\nMay\n436.2\n233.2\n669.4\n24.7\n77.3\n238.0\n17.1\n1026.7\n669.4\nJun\n440.1\n212.2\n652.3\n34.8\n78.9\n243.1\n17.3\n1026.3\n652.3\nJul\n362.4\n302.9\n665.3\n30.1\n104.3\n244.2\n17.5\n1061.3\n665.3\nAug\n358.8\n336.8\n695.5\n35.7\n105.7\n250.6\n21.2\n1108.7\n695.5\nSep\n394.8\n297.6\n692.4\n54.2\n106.9\n253.5\n23.9\n1131.0\n692.4\nOct\n364.5\n368.0\n732.5\n54.2\n105.3\n258.5\n27.3\n1177.7\n732.5\nNov\n376.9\n392.0\n768.9\n54.6\n104.4\n262.9\n27.2\n1217.8\n768.9\nDec\n400.9\n387.5\n788.4\n54.2\n102.0\n262.7\n27.6\n1234.9\n788.4\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1222.6\n770.2\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ Millions \nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n26 \n \n \n \n \n \n \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$) Volume of Shares\nUS$ Millions\n2014\nJan\n189.25\n35.4\n63,972,387.0\n170,104,078\n4,882.1\nFeb\n189.45\n39.24\n25,811,746.9\n135,455,029\n4,906.9\nMar\n176.32\n29.51\n28,884,400.2\n381,649,234\n4,560.3\nApr\n172.91\n29.64\n51,346,054.5\n429,085,166\n4,473.5\nMay\n174.89\n35.45\n35,903,574.8\n235,704,129\n4,485.1\nJun\n186.57\n61.32\n28,544,304.7\n178,469,676\n4,873.4\nJuly\n188.07\n95.00\n25,224,550.4\n322,407,141\n4,959.2\nAug\n196.43\n104.8\n66,399,632.9\n328,161,452\n5,186.6\nSep\n195.25\n92.75\n34,056,010.7\n210,942,393\n5,140.2\nOct\n177.88\n70.38\n28,256,642.5\n156,444,539\n4,664.8\nNov\n171.45\n64.39\n34,765,242.8\n155,854,066\n4,517.9\nDec\n162.79\n71.71\n29,701,204.8\n475,024,051\n4,327.0\n2015\nJan\n164.9\n58.13\n16,062,740.8\n57,390,451\n4,365.1\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \nMONTHLY ECONOMIC REVIEW \n27 \n \nCommercial\nAccepting\nBuilding \nEnd of\nBanks\nHouses\nP.O.S.B.\nSocieties\nTOTAL\n2014\nJan\n1,206.2\n63.3\n70.1\n567.0\n1,906.7\nFeb\n1,373.4\n48.3\n71.5\n583.1\n2,076.3\nMar\n1,373.8\n55.8\n75.1\n609.2\n2,113.9\nApr\n1,394.0\n40.3\n81.0\n621.1\n2,136.4\nMay\n1,427.5\n34.6\n77.5\n669.4\n2,209.0\nJun\n1,495.8\n33.2\n81.3\n652.3\n2,262.6\nJul\n1,499.5\n33.8\n84.2\n665.3\n2,282.7\nAug\n1,502.9\n40.4\n84.0\n695.5\n2,322.9\nSep\n1,573.8\n33.9\n88.6\n692.4\n2,388.8\nOct\n1,525.0\n33.7\n87.5\n732.5\n2,378.7\nNov\n1,469.9\n33.3\n89.8\n768.9\n2,361.8\nDec\n1,473.1\n31.2\n84.8\n788.4\n2,377.5\n2015\nJan\n1,557.9\n40.9\n86.3\n770.2\n2,455.2\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n28 \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2014\nJan\n1,417.0\n1,007.9\n409.0\n2.6\n30.0\n-27.4\nFeb\n1,466.6\n1,045.6\n421.0\n2.5\n28.7\n-26.2\nMar\n1,512.9\n1,059.2\n453.7\n2.0\n29.1\n-27.1\nApr\n1,608.4\n1,098.5\n510.0\n5.2\n29.3\n-24.1\nMay\n1,700.6\n1,116.7\n583.9\n1.9\n23.2\n-21.3\nJun\n1,716.1\n1,123.4\n592.7\n1.2\n22.8\n-21.6\nJul\n1,553.7\n1,089.0\n464.7\n0.9\n22.9\n-22.0\nAug\n1,618.6\n1,111.6\n507.0\n1.3\n23.0\n-21.7\nSep\n1,664.2\n1,129.4\n534.7\n1.1\n22.5\n-21.3\nOct\n1,644.7\n1,135.7\n508.9\n1.7\n22.1\n-20.3\nNov\n1,602.2\n1,110.5\n491.7\n1.0\n21.8\n-20.8\nDec\n1,571.0\n1,107.9\n463.1\n1.7\n20.4\n-18.7\n2015\nJan\n1,335.6\n1,084.2\n251.4\n2.0\n24.0\n-22.0\n1/ With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%. \nUS$ Millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \nMONTHLY ECONOMIC REVIEW \n29 \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2013\nJul\n3955.45\n12.31\n132.61\n205.37\n164.08\n139.13\nAug\n3351.13\n10.45\n138.05\n203.41\n189.48\n128.68\nSep\n3409.17\n13.34\n120.41\n190.44\n173.13\n142.32\nOct\n3641.98\n13.75\n121.55\n206.51\n201.51\n156.26\nNov\n3134.35\n11.4\n102.19\n229.52\n222.18\n57.34\nDec\n3438.08\n4.04\n130.15\n265.8\n268.94\n68.58\nAnnual Total\n41797.24\n136.91\n1450.48\n2382.07\n2091.02\n1361.84\n2014\nJan\n3093.01\n5.24\n102.26\n233.1\n228.25\n68.31\nFeb\n2954.93\n10.73\n96.27\n193.9\n217.14\n64.42\nMar\n3332.79\n10.4\n103.58\n232.94\n255.32\n87.94\nApr\n3439.33\n9.66\n126.26\n253.16\n264.38\n96.29\nMay\n3915.31\n13.65\n117.11\n181.35\n146.64\n121.98\nJun\n3657.44\n12.42\n110.38\n250.87\n284.18\n104.28\nJul\n3955.45\n11.72\n125.81\n267\n312.35\n101.75\nAug\n3467.34\n9.36\n135.9\n273.39\n320.36\n103.26\nSep\n4037.98\n11.16\n138.09\n280.8\n341.23\n115.94\nOct\n3843.84\n13.58\n150.09\n291.68\n362.30\n117.40\nNov\n4104.33\n9.33\n160.40\n299.94\n358.76\n103.76\nDec\n4615.04\n11.53\n148.5\n336.65\n395.93\n124.33\n2015\nJan\n3659\n11.81\n154.43\n311.94\n352.18\n113.46\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ in millions)\n \n \nMONTHLY ECONOMIC REVIEW \n30 \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2013\nJul\n205.85\n35.41\n1052.26\n822.57\n10099.72\n42.74\nAug\n187.25\n30.29\n1114.86\n825.75\n11551.94\n41.78\nSep\n201.22\n33.17\n1003.98\n799.62\n8701.56\n44.48\nOct\n212.66\n35.69\n1073.88\n873.19\n9769.81\n48.59\nNov\n186.64\n31.74\n904.27\n927.93\n14753.35\n24.04\nDec\n180.8\n11.82\n1033.73\n1042.32\n12273.02\n23.56\nAnnual Total\n2291.82\n367.02\n12011.07\n9631.5\n119144.68\n447.44\n2014\nJan\n182.48\n29.41\n973.79\n815.89\n11141.19\n24.19\nFeb\n175.09\n32.95\n991.91\n799.12\n10631.6\n25.1\nMar\n192.02\n32.35\n1163.76\n947.64\n12859.5\n30.82\nApr\n183.63\n28.12\n1184.85\n974.37\n13298.04\n29.23\nMay\n215.2\n37.09\n954.18\n793.43\n12146.9\n38.68\nJun\n193.58\n32.98\n1164.73\n966.45\n14163.56\n34.25\nJul\n199.59\n34.34\n1272.91\n1038.44\n15370.63\n37.68\nAug\n170.86\n27.25\n1300.35\n1122.41\n16268.07\n33.84\nSep\n197.88\n30.39\n1158.84\n1057.48\n15991.79\n39.35\nOct\n200.32\n34.58\n1193.38\n1086.16\n17527.40\n40.96\nNov\n171.45\n27.66\n1143.69\n1077.30\n17876.31\n42.01\nDec\n189.83\n27.49\n1161.59\n1162.71\n19347.91\n40.49\n2015\nJan\n170.77\n29.55\n1174.09\n1124.49\n16903.26\n37.6\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nVolumes of Transactions (in thousands)\n \n \n31\n \nMONTHLY ECONOMIC REVIEW", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/January2015.pdf"}

clean/cb_requests/1debad5a04019bb1b3a01536e40b9ee1.json

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+{"doc_id": "1debad5a04019bb1b3a01536e40b9ee1", "text": "[Date] \n \n \n \n \nDECEMBER 2015 \n \n \ni \n \nMONTHLY ECONOMIC REVIEW \nTABLE OF CONTENTS \nSELECTED ECONOMIC INDICATORS ________________________________________ 1 \nSTOCK MARKET DEVELOPMENTS __________________________________________ 2 \nMONETARY DEVELOPMENTS ______________________________________________ 2 \nINFLATION OUTTURN ______________________________________________________ 4 \nAnnual Inflation __________________________________________________________________ 4 \nMonthly Inflation _________________________________________________________________ 4 \nNATIONAL PAYMENTS SYSTEM ____________________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ______________________________ 5 \nCard Based Transactions ___________________________________________________________ 5 \nMobile and Internet Based Transactions ______________________________________________ 5 \nCheque Transactions ______________________________________________________________ 5 \n \n \n \n \n \n \n1 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n2015 \nNovember \n2015 \nDecember \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n22.3 \n23.7 \n6.2% \nZ.S.E. Industrial Index1 \n117.6 \n114.9 \n-2.3% \nMoney Supply (US$)2 \n4 745.2 million \n4 765.4 million \n0.4% \nMoney Supply (M3) Annual Growth2 \n7.5% \n8.2% \n \nYearly Inflation3 \n-2.46% \n-2.47% \n \nMonthly Inflation3 \n-0.2% \n-0.1% \n \nNominal Lending Rate \n4.0-16.3% \n6.0-16.0% \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \nMONTHLY ECONOMIC REVIEW \n2 \n \nSTOCK MARKET DEVELOPMENTS \nDuring the month of December 2015, global markets \nrecorded losses due to concerns of the slowdown in \nthe Chinese economy. The decline occurred despite \nthe United States of America Federal Reserve Bank \ninterest rate hike of 0.25%. \nOver the same period, African markets also recorded \nlosses partly due to concerns over an acceleration of \ncapital outflows, as global investors shifted their \nportfolio investments to the US market. \nThe Zimbabwe Stock Exchange (ZSE) recorded \nmixed trading with the industrial index recording \nlosses, whilst the mining index recovered some of the \nlosses it had registered during the year. The industrial \nindex lost 2.3%, from 117.6 points in November 2015 \nto 114.9 points in December 2015. This was \nunderpinned by losses in heavily capitalized counters. \nOver the same period, the mining index gained 6.2%, \nfrom 22.3 points to 23.7 points. \n \n \n \nTrading volumes increased in the month of December \n2015, following block trades in Dawn, Delta, Econet \nand Simbisa shares. These block trades raised the \ntotal volume of shares traded from 90.4 million shares \nin November 2015, to 183.8 million shares in \nDecember 2015. Over the same period, turnover also \nrose from US$8.9 million to US$16.4 million. \n \n \nSource: Zimbabwe Stock Exchange, 2015 \nThe losses recorded in heavily capitalized counters \nresulted in the ZSE market capitalisation declining \nfurther to US$3 073.4 million in December 2015, \nfrom US$3 141.7 million in November 2015. \n \n0\n50\n100\n150\n200\n250\n28-Feb-13\n30-Apr-13\n30-Jun-13\n31-Aug-13\n31-Oct-13\n31-Dec-13\n28-Feb-14\n30-Apr-14\n30-Jun-14\n31-Aug-14\n31-Oct-14\n31-Dec-14\n28-Feb-15\n30-Apr-15\n30-Jun-15\n31-Aug-15\n31-Oct-15\n31-Dec-15\nFigure 1: ZSE Indices\nIndustrial\nMining\n0.00\n0.50\n1.00\n1.50\n2.00\n2.50\n3.00\n3.50\n4.00\n0.00\n20.00\n40.00\n60.00\n80.00\n100.00\n120.00\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nFigure 2: ZSE: Daily Volumes and \nFigure 2: ZSE: Daily Volumes and Values Traded\nValues Traded\nVolume\nTurnover\nSource: Zimbabwe Stock Exchange, 2015 \n \n \nMONTHLY ECONOMIC REVIEW \n3 \n \nMONETARY DEVELOPMENTS \nAnnual growth in money supply1 continued on an \nupward trend rising to 8.2% in December 2015, from \n7.5% in November 2015. On a monthly basis, broad \nmoney rose by 0.4% to US$4 765.4 million in \nDecember 2015. The growth was underpinned by \nincreases in most deposit classes. \n \nSource: Reserve Bank of Zimbabwe, 2015 \nThe annual growth in broad money was largely driven \nby an increase of US$263.3 million; US$61.5 million; \nand US$44.7 million in demand, savings and long-\nterm deposits, respectively. Demand deposits \nconstituted 51%; long term, 19%; short term, 17%, \nand savings, 13% of total deposits. \nThe year-on-year growth in total banking sector credit \ncontinued on an upward trend, rising to 27% in \nDecember 2015, from 22.8% in November 2015. On \na monthly basis, banking sector credit increased by \n4% in December 2015 to US$5 560.7 million, from \nUS$5 345.3 million in November 2015. \n \n1 Money supply is total deposits less interbank deposits. \n \n \nAnnual growth in credit to the private sector grew by \n1% in December 2015, down from 2% in November \n2015. Month-on-month, credit to the private sector, \nhowever, declined by 1.7% to US$3 835.7 million in \nDecember 2015. \nThe sectorial distribution of private sector credit was \nas follows: agriculture (21.2%); services including \ntourism \n(17.1%); \ndistribution \n(13.2%); \nmanufacturing (16.2%); mining (5.9%); financial \norganisations and investments, (3.7%); transport and \ncommunications (3%); and construction (1.1%). \nCredit to households stood at 18.6% in December \n2015, partly reflecting the dominance of consumptive \nborrowing in the economy. \n \n-2\n0\n2\n4\n6\n8\n10\n12\n14\n16\n18\n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\nApr\nJun\nAug\nOct\nDec\nFeb\nApr\nJun\nAug\nOct\nDec\nFeb\nApr\nJun\nAug\nOct\nDec\n%\nUS$ BILLIONS\nFigure 3: Money Supply\nFigure 3: Money Supply\nM3\nM3 Annual Growth\nShort Term\n17%\nLong Term \n19%\nDemand\n51%\nsavings\n13%Figure 4: Banki\nFigure 4: Banking Sector DepositsDecember 20\nDecember 2015\nSource: Reserve Bank of Zimbabwe, 2015 \n \n \nMONTHLY ECONOMIC REVIEW \n4 \n \n \nSource: Reserve Bank of Zimbabwe, 2015 \nIn terms of proportions, private sector credit was used \nas follows: asset purchases, 43.4%; inventory build-\nup, 34.3%; consumer durables, 13.1%; and vehicle \npurchases, 3.4%. Notably, funds utilized for capital \ndevelopment remained low at 4.5% of total loans and \nadvances. Pre and post shipment financing accounted \nfor 1.3% of total credit to the private sector. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nThe annual headline inflation declined marginally to \n-2.47% in December 2015, from -2.46% recorded in \nNovember 2015. The slight increase in inflation was \nmainly driven by food inflation. Partially offsetting \nthis increase was a decline in non-food inflation. \n \n \nSource: ZIMSTAT, 2015 \nAnnual inflation has remained in negative territory \nsince October 2014, due to the continued downward \ncorrection in both food and non-food prices and low \naggregate demand in the economy. \nThe year-on-year food inflation stood at -3.7% in \nDecember 2015, an increase from the October 2015 \nrate of -4.0% and November 2015 rate of -3.9%. Food \ninflation was weighed down by declines in bread and \ncereals and vegetables. \nAnnual non-food inflation decelerated from -1.8% in \nNovember 2015 to -1.9% in December 2015. The \ndecline was largely driven by housing, water, \nelectricity, gas and other fuels; communication; \nfurniture, household equipment and maintenance and \nclothing and footwear. The 11.1% increase in \nLoans & Advances\n88.37%\nBills \nDiscounted\n0.18%\nBankers \nacceptances\n0.27%\nOther \ninvestments\n2.14%\nMortgages\n9.04%Figure 5: Credit to Private Sector\nFigure 5: Credit to Private SectorDecember 2015\nDecember 2015\n-4\n-3\n-2\n-1\n0\n1\n2\nDec-13\nJan-14\nFeb-14\nMar-14\nApr-14\nMay-14\nJun-14\nJul-14\nAug-14\nSep-14\nOct-14\nNov-14\nDec-14\nJan-15\nFeb-15\nMar-15\nApr-15\nMay-15\nJun-15\nJul-15\nAug-15\nSep-15\nOct-15\nNov-15\nDec-15\nFigure 6: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n \n \nMONTHLY ECONOMIC REVIEW \n5 \n \neducation inflation, however, partially offset the \ndeclines in other sub-categories. \n \nMonthly Inflation \nThe month-on-month inflation rate for December \n2015 stood at -0.11%, shedding 0.27 percentage \npoints from 0.16% recorded in November 2015. The \ndecline was driven by both food and non-food \ninflation. \nMonthly food inflation reverted to negative territory, \nfalling from 0.04% in November 2015, to -0.21% in \nDecember 2015. This was mainly influenced by bread \nand cereals; milk, cheese and eggs; and oils and fats. \nThe declines in these sub-categories were, however, \npartially offset by positive monthly inflation recorded \nfor vegetables; meat; and sugar, jam, honey, \nchocolate and confectioneries, which recorded in \nDecember 2015. \nLikewise, the monthly non-food inflation rate fell, \nshedding 0.28 percentage points from the November \n2015 rate of -0.22%. The decline was largely driven \nby transport; alcoholic beverages and restaurants and \nhotels. \nNATIONAL PAYMENTS SYSTEM \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through the \nRTGS system increased by 17% in December 2015 to \nUS$4.17 billion, from US$3.55 billion recorded in \nNovember 2015. The volume of transactions \nregistered an increase of 8% from 143 435 to 155 044 \nduring the same period. \n \n \nMobile and Internet Based Transactions \n \nThe total value of mobile and internet based \ntransactions increased from US$571.3 million in \nNovember 2015, to US$690.8 million in December \n2015. \nSource: Reserve Bank of Zimbabwe, 2015 \n \nCard Based Transactions \n \nCard based transactions also increased from \nUS$477.9 \nmillion \nin \nNovember \n2015, \nto \nUS$557.9 million in December 2015. \n \nCheque Transactions \n \nThe value of cheque transactions registered an 8.9% \ndecrease, from US$12 million in November 2015, to \nUS$11 million in December 2015. \n \nRESERVE BANK OF ZIMBABWE \nJANUARY 2016\n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nDec-12\nApr-13\nAug-13\nDec-13\nApr-14\nAug-14\nDec-14\nApr-15\nAug-15\nDec-15\n -\n 50\n 100\n 150\n 200\n 250\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 7: Z\nFigure 7: ZETSS Volumes and Values\nValues\nVolume\nValue\n \n \n6 \n \nMONTHLY ECONOMIC REVIEW \nStatistical Tables \n \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 8 \n \n1.2 Broad Money Survey \n \n \n \n \n \n 9 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n10 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n11 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 12 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n13 \n \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n14 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n15 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n16 \n \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n17 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n18 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n19 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n20 \n \n7.2 Liabilities \n \n \n \n \n \n \n21 \n \n \nMONTHLY ECONOMIC REVIEW \n7 \n \n \n8. Merchant Banks \n \n8.1 Assets \n \n \n \n \n \n \n \n22 \n \n8.2 Liabilities \n \n \n \n \n \n \n23 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n24 \n \n9.2 Liabilities \n \n \n \n \n \n \n25 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n26 \n \n11. Savings with Financial Institutions \n \n \n \n \n27 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n28 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n29 \n \n13.2 Volumes of Transactions \n \n \n \n \n30 \n \n \n \n \n \n \n \n \n8 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \n \n \n \n \nDecember\nJanuary\nFebruary\nMarch\nApril\nMay\nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nBond Coins\n298.6\n567.1\n1,096.7\n1,294.0\n1,749.3\n2,316.7\n2,684.1\n2,719.3\n3,016.3\n3,425.5\n4,445.3\n5,789.3\n7,127.0\nRBZ Demand Deposits\n144.5\n714.7\n898.5\n545.0\n491.6\n340.2\n4,035.0\n3,889.6\n3,480.3\n3,478.9\n3,485.7\n2,470.9\n726.0\nComm. Banks Dem. Deposits\n2,121,401.6\n1,967,789.9\n1,978,595.1\n2,051,081.7\n1,990,235.2\n2,017,918.3\n2,112,470.2\n2,023,527.6\n2,168,409.0\n2,166,471.3\n2,149,026.8\n2,358,226.5\n2,362,538.7\nMerchant Banks Dem. Deposits\n36,942.7\n39,049.7\n38,382.5\n68,611.1\n63,935.0\n63,899.2\n62,949.9\n62,949.9\n62,949.9\n62,157.8\n61,925.6\n58,750.3\n58,524.4\nM1\n2,158,787.4\n2,008,121.3\n2,018,972.8\n2,121,531.8\n2,056,411.0\n2,084,474.4\n2,182,139.2\n2,093,086.3\n2,237,855.5\n2,235,533.5\n2,218,883.4\n2,425,237.0\n2,428,916.0\nComm. Banks Savings Deposits\n267,179.5\n282,832.4\n240,444.7\n230,198.0\n267,921.4\n275,167.8\n248,074.6\n239,113.1\n227,534.6\n230,176.6\n231,465.3\n259,856.4\n266166.63\nBuilding Soc. Savings Deposits\n236,423.8\n233,498.2\n238,848.9\n244,746.0\n256,526.3\n280,947.9\n279,625.3\n275,914.5\n277,271.4\n230,176.6\n294,208.3\n308,439.9\n296041.79\nP O S B Savings Deposits\n69,601.1\n70,144.8\n72,839.1\n75,993.4\n74,678.1\n71,195.6\n73,397.6\n68,785.7\n71,554.2\n77,161.5\n73,380.5\n76,307.7\n72505.78\nComm. Banks U-30 Day Deposits\n654,559.9\n638,395.6\n574,946.1\n645,401.5\n607,334.3\n670,242.5\n707,686.1\n587,421.2\n505,981.9\n613,287.8\n565,136.6\n565,317.5\n650234.31\nMerchant Banks U-30 Day Deposits\n31,176.0\n40,928.2\n40,362.2\n12,132.4\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.00\nBuilding Soc. U- 30 Day Deposits\n144,211.5\n127,399.4\n149,834.6\n152,280.6\n189,428.7\n175,953.7\n188,805.2\n171,250.8\n156,077.5\n190,548.2\n144,911.8\n127,578.2\n165352.52\nM2\n3,561,939.1\n3,401,319.9\n3,336,248.4\n3,482,283.7\n3,452,299.9\n3,557,981.9\n3,679,728.0\n3,435,571.6\n3,476,275.0\n3,576,884.3\n3,527,985.9\n3,762,736.7\n3,879,217.1\nComm. Banks O-30 Day Deposits\n449,703.8\n544,421.5\n597,685.2\n503,769.1\n618,804.9\n536,216.7\n509,642.0\n651,895.8\n622,991.6\n611,608.0\n628,213.7\n503,244.7\n420265.08\nMerchant Banks O-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n365,334.8\n366,978.6\n375,166.9\n355,362.1\n340,739.4\n364,490.5\n326,111.5\n351,579.9\n340,974.7\n303,177.5\n409,350.0\n444,267.1\n432822.35\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11266.60\nP O S B Time Deposits\n15,174.4\n16,138.8\n17,519.8\n17,638.5\n15,733.8\n18,011.8\n17,261.6\n23,646.5\n21,540.3\n24,019.0\n24,010.2\n23,668.6\n21851.26\nM3\n4,403,418.7\n4,340,125.3\n4,337,886.9\n4,370,320.0\n4,438,844.6\n4,487,967.5\n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,526,955.4\n4,600,826.4\n4,745,183.7\n4,765,422.3\nTABLE 1.1 : MONETARY AGGREGATES\n US$ Thousands\n2015\n2014\n \n \nMONTHLY ECONOMIC REVIEW \n9 \n \n \nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nNET FOREIGN ASSETS \n-719,401.4\n-714,190.6\n-763,306.5\n-565,959.3\n-636,028.1\n-681,066.5\n-775,512.6\n-723,772.8\n-727,785.7\n-715,689.4\n-822,417.2\n-771,548.0\n-683,664.6\n Assets\n896,179.7\n830,959.4\n737,833.5\n816,079.6\n755,493.4\n811,200.4\n926,353.7\n843,689.2\n867,447.1\n889,018.6\n784,372.6\n667,350.7\n796,212.4\n Reserve Bank (RBZ)\n363,181.1\n356,661.9\n280,889.9\n282,170.1\n282,900.6\n303,218.6\n453,986.1\n395,771.0\n360,705.6\n360,255.9\n335,321.7\n300,180.5\n436,988.0\n Deposit Money Banks (DMBs) \n463,112.7\n405,880.7\n400,473.5\n469,563.3\n424,368.1\n418,721.9\n390,608.3\n361,517.6\n428,702.8\n448,219.8\n387,305.0\n310,522.6\n300,320.1\n Other Banking Institutions (OBIs) \\1\n69,886.0\n68,416.9\n56,470.0\n64,346.2\n48,224.7\n89,260.0\n81,759.3\n86,400.6\n78,038.7\n80,542.9\n61,745.9\n56,647.6\n58,904.3\n Liabilities \\2\n-1,615,581.1\n-1,545,150.0\n-1,501,140.0\n-1,382,038.9\n-1,391,521.5\n-1,492,266.9\n-1,701,866.3\n-1,567,462.0\n-1,595,232.7\n-1,604,707.9\n-1,606,789.8\n-1,438,898.6\n-1,479,877.0\n RBZ\n1,020,936.5\n1,007,096.0\n1,009,161.8\n858,095.4\n894,207.5\n868,931.4\n1,093,306.3\n1,039,959.7\n1,056,817.9\n1,057,080.8\n1,069,972.4\n1,048,664.8\n1,116,315.6\n DMBs\n540,423.0\n483,463.5\n438,356.5\n473,182.2\n448,998.0\n574,792.7\n560,305.8\n478,956.0\n490,791.1\n504,085.0\n494,458.0\n347,787.2\n320,578.9\n OBIs\n54,221.6\n54,590.6\n53,621.8\n50,761.3\n48,315.9\n48,542.8\n48,254.1\n48,546.3\n47,623.8\n43,542.1\n42,359.5\n42,446.6\n42,982.5\nNET DOMESTIC ASSETS \n5,122,820.1\n5,054,316.0\n5,101,193.5\n4,936,279.4\n5,074,872.7\n5,169,034.0\n5,319,522.4\n5,197,733.1\n5,200,833.8\n5,301,713.1\n5,423,243.6\n5,516,731.6\n5,449,086.9\nDOMESTIC CREDIT\n4,378,653.6\n4,231,495.4\n4,249,052.3\n4,371,027.6\n4,529,777.2\n4,817,875.2\n4,869,072.4\n4,981,511.5\n5,029,107.1\n5,079,842.4\n5,196,662.7\n5,345,272.0\n5,560,695.5\n Claims on Government (net) \n515,636.4\n544,026.1\n549,179.2\n537,675.3\n665,258.8\n950,594.0\n1,074,237.6\n1,160,044.8\n1,192,006.7\n1,182,354.0\n1,253,218.7\n1,359,827.4\n1,590,109.9\n RBZ\n-25,063.7\n-12,594.0\n-12,908.0\n-22,274.1\n98,377.6\n97,847.8\n91,807.5\n243,082.9\n244,517.6\n254,297.8\n271,997.2\n314,096.4\n357,307.3\n DMBs\n487,962.9\n504,696.7\n510,080.3\n500,344.5\n498,836.6\n784,428.5\n904,112.3\n845,865.3\n860,228.9\n838,982.9\n890,154.0\n954,556.6\n1,119,720.1\n OBIs\n52,737.2\n51,923.4\n52,007.0\n59,604.9\n68,044.6\n68,317.8\n78,317.8\n71,096.6\n87,260.2\n89,073.3\n91,067.5\n91,174.4\n113,082.5\n Claims on Public Enterprises \n66,750.2\n64,967.7\n68,944.3\n71,543.2\n102,474.3\n104,306.3\n53,148.2\n48,641.8\n56,508.0\n54,523.7\n84,877.1\n83,806.0\n134,914.6\n RBZ\n0.0\n0.0\n0.0\n0.0\n737.3\n1,087.1\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n73,573.9\n DMBs\n66,750.2\n64,967.7\n68,944.3\n69,816.8\n100,742.9\n102,436.0\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n66,750.2\n64,967.7\n68,944.3\n69,816.8\n100,742.9\n102,436.0\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n OBIs\n0.0\n0.0\n0.0\n1,726.4\n994.2\n783.2\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n Claims on Private Sector\n3,796,267.1\n3,622,501.6\n3,630,928.8\n3,761,809.1\n3,762,044.1\n3,762,974.9\n3,741,686.6\n3,772,824.9\n3,780,592.5\n3,842,964.7\n3,858,567.0\n3,901,638.6\n3,835,671.0\n RBZ\n34,725.3\n34,725.3\n34,725.3\n31,409.0\n31,558.0\n31,155.6\n51,689.8\n66,722.4\n92,768.9\n67,359.3\n75,959.6\n77,442.5\n96,088.9\n DMBs\n3,010,101.6\n2,835,002.6\n2,824,415.9\n2,960,892.4\n2,948,993.7\n2,960,917.8\n2,900,630.1\n2,910,157.5\n2,875,477.3\n2,956,930.6\n2,950,844.9\n2,981,759.1\n2,874,287.6\n OBIs\n751,440.3\n752,773.8\n771,787.7\n769,507.7\n781,492.4\n770,901.6\n789,366.8\n795,945.0\n812,346.3\n818,674.8\n831,762.5\n842,437.0\n865,294.5\nOTHER ITEMS (NET) \n744,166.4\n822,820.5\n852,141.2\n565,251.8\n545,095.4\n351,158.7\n450,450.0\n216,221.6\n171,726.7\n221,870.7\n226,580.9\n171,459.6\n-111,608.6\nBROAD MONEY (M3) \n4,403,418.7\n4,340,125.3\n4,337,887.0\n4,370,320.1\n4,438,844.6\n4,487,967.5\n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,586,023.7\n4,600,826.4\n4,745,183.7\n4,765,422.3\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n2015\n2014\n \n \nMONTHLY ECONOMIC REVIEW \n10 \n \n \n \n \n \n \n \nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nNET FOREIGN ASSETS \n48,423.1\n5,210.8\n-49,115.9\n197,347.2\n-70,068.7\n-45,038.4\n-94,446.1\n51,739.9\n-4,012.9\n12,096.3\n-106,727.8\n50,869.2\n87,883.4\n Assets\n68,665.5\n-65,220.3\n-93,125.9\n78,246.1\n-60,586.2\n55,707.0\n115,153.3\n-82,664.5\n23,757.8\n21,571.5\n-104,646.0\n-117,021.9\n128,861.7\n Reserve Bank (RBZ)\n28,646.8\n-6,519.2\n-75,771.9\n1,280.1\n730.6\n20,317.9\n150,767.5\n-58,215.1\n-35,065.4\n-449.7\n-24,934.2\n-35,141.2\n136,807.5\n Deposit Money Banks (DMBs)\n46,122.9\n-57,232.0\n-5,407.1\n69,089.7\n-45,195.2\n-5,646.2\n-28,113.6\n-29,090.7\n67,185.1\n19,517.0\n-60,914.8\n-76,782.4\n-10,202.5\n Other Banking Institutions (OBIs) \\1\n-6,104.2\n-1,469.1\n-11,946.9\n7,876.2\n-16,121.6\n41,035.3\n-7,500.7\n4,641.3\n-8,361.9\n2,504.2\n-18,797.0\n-5,098.3\n2,256.7\n Liabilities \\2\n-20,242.5\n70,431.1\n44,010.0\n119,101.1\n-9,482.6\n-100,745.5\n-209,599.4\n134,404.3\n-27,770.7\n-9,475.2\n-2,081.9\n167,891.2\n-40,978.3\n RBZ\n-9,117.3\n-13,840.5\n2,065.8\n-151,066.4\n36,112.1\n-25,276.1\n224,375.0\n-53,346.7\n16,858.2\n262.9\n12,891.6\n-21,307.6\n67,650.8\n DMBs\n29,711.9\n-56,959.6\n-45,107.0\n34,825.7\n-24,184.2\n125,794.7\n-14,486.9\n-81,349.8\n11,835.0\n13,293.9\n-9,627.0\n-146,670.7\n-27,208.4\n OBIs\n-352.1\n369.0\n-968.8\n-2,860.4\n-2,445.4\n226.9\n-288.7\n292.2\n-922.5\n-4,081.6\n-1,182.7\n87.1\n535.9\nNET DOMESTIC ASSETS \\3\n-60,469.9\n-68,504.1\n46,877.5\n-164,914.1\n138,593.3\n94,161.3\n150,488.4\n-121,789.3\n3,100.7\n100,879.2\n121,530.5\n93,488.0\n-67,644.7\nDOMESTIC CREDIT\n25,721.4\n-147,158.2\n17,556.9\n121,975.3\n158,749.6\n288,098.0\n51,197.2\n112,439.1\n47,595.6\n50,735.3\n116,820.4\n148,609.3\n215,423.5\n Claims on Government (net) \n53,210.7\n28,389.7\n5,153.1\n-11,503.9\n127,583.5\n285,335.2\n123,643.6\n85,807.2\n31,961.9\n-9,652.6\n70,864.7\n106,608.7\n230,282.5\n RBZ\n-11,032.2\n12,469.7\n-314.0\n-9,366.0\n120,651.7\n-529.8\n-6,040.3\n151,275.4\n1,434.7\n9,780.2\n17,699.4\n42,099.2\n43,210.9\n DMBs\n44,484.8\n16,733.8\n5,383.6\n-9,735.8\n-1,507.9\n285,591.8\n119,683.9\n-58,247.0\n14,363.6\n-21,245.9\n51,171.1\n64,402.6\n165,163.5\n OBIs\n19,758.1\n-813.8\n83.5\n7,597.9\n8,439.7\n273.1\n10,000.0\n-7,221.2\n16,163.6\n1,813.1\n1,994.2\n106.9\n21,908.1\n Claims on Public Enterprises \n89.2\n-1,782.4\n3,976.6\n2,598.9\n30,931.2\n1,832.0\n-51,158.1\n-4,506.4\n7,866.2\n-1,984.3\n30,353.4\n-1,071.0\n51,108.6\n RBZ\n0.0\n0.0\n0.0\n0.0\n737.3\n349.8\n102.0\n742.4\n167.2\n325.0\n27,938.9\n12.5\n43,198.8\n DMBs\n89.2\n-1,782.4\n3,976.6\n872.5\n30,926.1\n1,693.1\n-51,182.0\n-4,743.6\n6,619.9\n-2,342.5\n2,560.3\n-843.4\n7,698.3\n Agri-PEs\n-1,516.5\n-1,517.5\n-1,518.5\n-1,519.5\n-1,520.5\n-1,521.5\n-1,522.5\n-1,523.5\n-1,524.5\n-1,525.5\n-1,526.5\n-1,527.5\n-1,528.5\n Other\n1,605.7\n-264.9\n5,495.1\n2,392.0\n32,446.6\n3,214.7\n-49,659.5\n-3,220.1\n8,144.4\n-816.9\n4,086.8\n684.1\n9,226.8\n OBIs\n0.0\n0.0\n0.0\n1,726.4\n-732.2\n-211.0\n-78.1\n-505.2\n1,079.1\n33.1\n-145.7\n-240.1\n211.5\n Claims on Private Sector\n-27,578.5\n-173,765.5\n8,427.2\n130,880.3\n234.9\n930.9\n-21,288.3\n31,138.3\n7,767.5\n62,372.2\n15,602.3\n43,071.6\n-65,967.5\n RBZ\n0.0\n0.0\n0.0\n-3,316.3\n149.0\n-402.4\n20,534.2\n15,032.7\n26,046.5\n-25,409.6\n8,600.4\n1,482.9\n18,646.4\n DMBs\n-26,693.6\n-175,099.0\n-10,586.7\n136,476.5\n-11,898.7\n11,924.1\n-60,287.7\n9,527.4\n-34,680.2\n81,453.3\n-6,085.7\n30,914.2\n-107,471.5\n OBIs\n-884.9\n1,333.5\n19,013.9\n-2,280.0\n11,984.7\n-10,590.8\n18,465.2\n6,578.2\n16,401.3\n6,328.5\n13,087.7\n10,674.5\n22,857.6\nOTHER ITEMS (NET) \n-86,191.4\n78,654.1\n29,320.6\n-286,889.4\n-20,156.4\n-193,936.7\n99,291.2\n-234,228.4\n-44,494.9\n50,144.0\n4,710.2\n-55,121.3\n-283,068.2\nBROAD MONEY (M3) \n-12,046.9\n-63,293.4\n-2,238.4\n32,433.1\n68,524.5\n49,122.9\n56,042.3\n-70,049.4\n-912.2\n112,975.5\n14,802.7\n144,357.2\n20,238.7\n Broad Money (M3) \n-0.3%\n-1.4%\n-0.1%\n0.7%\n1.57%\n1.11%\n1.2%\n-1.54%\n-0.02%\n2.53%\n0.32%\n3.14%\n0.43%\n Domestic Credit \n0.6%\n-3.4%\n0.4%\n2.9%\n3.63%\n6.36%\n1.1%\n2.31%\n0.96%\n1.01%\n2.30%\n2.86%\n4.03%\n Claims on Private Sector\n-0.7%\n-4.6%\n0.2%\n3.6%\n0.01%\n0.02%\n-0.6%\n0.83%\n0.21%\n1.65%\n0.41%\n1.12%\n-1.69%\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n2014\n2015\n \n \nMONTHLY ECONOMIC REVIEW \n11 \n \n \n \n \nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nNET FOREIGN ASSETS \n251,490.3\n233,974.4\n90,771.0\n132,431.5\n36,127.1\n250,879.1\n59,815.5\n-95,449.8\n-180,094.9\n-22,698.6\n-100,052.1\n-179,455.4\n-223,571.1\n-3,723.5\n35,736.8\n Assets\n4,716.6\n-29,140.7\n-145,986.2\n-178,961.3\n-294,685.4\n-205,308.8\n-308,111.1\n-379,009.3\n-200,283.4\n-183,460.8\n-212,180.1\n-216,884.3\n-214,670.1\n-160,163.5\n-99,967.3\n Reserve Bank (RBZ)\n185,705.6\n69,707.4\n24,693.2\n1,841.7\n-84,185.9\n-74,987.2\n-76,958.8\n-107,685.7\n79,429.5\n68,475.7\n-50,976.1\n-260,229.1\n-172,834.3\n-34,353.8\n73,806.9\n Deposit Money Banks (DMBs)\n-168,281.7\n-114,069.3\n-180,447.4\n-204,438.1\n-219,094.2\n-115,561.0\n-204,196.9\n-282,081.0\n-294,731.2\n-262,175.5\n-175,757.2\n33,238.4\n-45,036.0\n-106,467.2\n-162,792.6\n Other Banking Institutions (OBIs) \\1\n-12,707.3\n15,221.1\n9,767.9\n23,635.1\n8,594.7\n-14,760.6\n-26,955.3\n10,757.3\n15,018.3\n10,239.0\n14,553.2\n10,106.4\n3,200.1\n-19,342.5\n-10,981.7\n Liabilities \\2\n246,773.7\n263,115.2\n236,757.2\n311,392.8\n330,812.5\n456,187.9\n367,926.6\n283,559.6\n20,188.5\n160,762.2\n112,128.0\n37,428.9\n-8,901.0\n156,440.0\n135,704.1\n RBZ\n-114,916.2\n-117,925.2\n-129,214.3\n-141,597.9\n-142,138.7\n-294,509.5\n-261,255.8\n-283,804.9\n-48,600.0\n-96,131.8\n-60,845.6\n19,340.3\n34,361.2\n18,611.0\n95,379.1\n DMBs\n-165,096.0\n-178,769.8\n-131,012.2\n-198,281.1\n-217,181.2\n-187,715.9\n-130,095.6\n-23,610.5\n14,958.5\n-83,111.7\n-63,177.9\n-46,073.7\n-13,602.2\n-162,923.9\n-219,844.2\n OBIs\n33,238.5\n33,579.8\n23,469.3\n28,486.1\n28,507.4\n26,037.5\n23,424.8\n23,855.8\n13,453.0\n18,481.3\n11,895.4\n-10,695.4\n-11,858.0\n-12,127.1\n-11,239.0\nNET DOMESTIC ASSETS \\3\n254,086.5\n374,380.8\n380,322.6\n319,048.5\n279,980.3\n25,501.8\n148,570.5\n257,686.8\n400,538.7\n272,589.1\n251,024.5\n376,976.5\n367,137.9\n333,441.6\n326,266.8\nDOMESTIC CREDIT\n252,119.7\n261,621.9\n309,956.1\n245,588.9\n134,866.3\n190,918.6\n379,639.8\n679,564.0\n695,004.5\n776,284.9\n794,638.6\n812,660.2\n865,327.7\n992,339.8\n1,182,041.9\n Claims on Government (net) \n170,818.5\n130,627.9\n157,639.0\n185,227.8\n122,671.7\n47,442.1\n188,341.5\n482,132.6\n575,620.5\n736,056.5\n754,533.2\n739,918.1\n782,714.1\n897,401.8\n1,074,473.5\n RBZ\n-12,964.3\n-12,843.3\n-23,881.4\n-11,412.3\n-11,726.2\n-21,094.5\n99,556.4\n99,026.6\n92,986.5\n289,241.2\n270,492.4\n290,213.2\n286,430.3\n328,127.9\n382,371.0\n DMBs\n152,163.6\n150,725.7\n168,946.7\n184,880.3\n122,554.5\n49,095.3\n60,904.0\n354,951.8\n444,479.8\n415,882.2\n448,362.7\n412,213.7\n457,069.2\n511,078.6\n631,757.3\n OBIs\n31,619.3\n-7,254.5\n12,573.7\n11,759.9\n11,843.4\n19,441.3\n27,881.1\n28,154.2\n38,154.2\n30,933.0\n35,678.2\n37,491.3\n39,214.6\n58,195.3\n60,345.2\n Claims on Public Enterprises \n12,950.8\n5,816.2\n6,105.2\n4,414.7\n8,255.0\n-7,984.8\n24,181.6\n25,922.7\n-20,025.0\n-28,752.0\n-13,816.8\n-17,867.0\n12,502.1\n17,145.1\n68,164.4\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n737.3\n1,087.1\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n73,573.9\n DMBs\n12,950.8\n5,816.2\n6,105.2\n4,414.7\n8,255.0\n-9,711.2\n22,450.1\n24,052.3\n-21,919.3\n-30,883.4\n-17,194.6\n-21,602.9\n-19,027.0\n-14,156.5\n-6,547.4\n Agri-PEs\n-5,003.2\n-5,004.2\n-5,005.2\n-7,246.8\n-7,246.8\n-6,896.5\n-6,898.8\n-6,908.9\n-1,516.3\n-1,511.0\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n Other\n17,954.0\n10,820.4\n11,110.4\n11,661.5\n15,501.8\n-2,814.7\n29,348.9\n30,961.2\n-20,403.0\n-29,372.5\n-15,680.0\n-20,087.4\n-17,511.5\n-12,639.9\n-5,029.8\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n1,726.4\n994.2\n783.2\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n Claims on Private Sector\n68,350.4\n125,177.8\n146,211.9\n55,946.4\n3,939.6\n151,461.2\n167,116.7\n171,508.7\n139,409.0\n68,980.4\n53,922.1\n90,609.0\n70,111.5\n77,793.0\n39,403.9\n RBZ\n-394.8\n-390.8\n-390.8\n-390.8\n-390.8\n-3,336.1\n-3,187.1\n-3,589.5\n16,964.5\n31,997.2\n58,043.6\n32,634.0\n41,234.4\n42,717.2\n61,363.6\n DMBs\n-124,890.6\n-69,400.6\n-43,543.7\n-120,031.2\n-192,169.1\n-33,095.8\n-19,566.9\n4,881.3\n-55,223.4\n-103,031.0\n-141,232.5\n-64,459.1\n-65,906.0\n-55,036.1\n-135,814.0\n OBIs\n193,635.8\n194,969.2\n190,146.4\n176,368.4\n196,499.5\n187,893.1\n189,870.6\n170,216.9\n177,667.9\n140,014.2\n137,110.9\n122,434.1\n94,783.1\n90,111.8\n113,854.3\nOTHER ITEMS (NET) \n1,966.8\n112,758.9\n70,366.5\n73,459.6\n145,114.0\n-165,416.8\n-231,069.3\n-421,877.2\n-294,465.8\n-503,695.8\n-543,614.1\n-435,683.7\n-498,189.8\n-658,898.2\n-855,775.0\nBROAD MONEY (M3) \n505,576.8\n608,355.2\n471,093.6\n451,480.0\n316,107.4\n276,380.8\n208,386.1\n162,237.0\n220,443.8\n249,890.4\n150,972.4\n197,521.1\n143,566.8\n329,718.1\n362,003.6\nGROWTH RATES\n Broad Money (M3) \n12.8%\n16.0%\n12.0%\n11.6%\n7.9%\n6.8%\n4.9%\n3.8%\n5.1%\n5.9%\n3.5%\n4.5%\n3.2%\n7.5%\n8.2%\n Domestic Credit \n6.2%\n6.4%\n7.6%\n6.2%\n3.3%\n4.6%\n9.1%\n16.4%\n16.7%\n18.5%\n18.8%\n19.0%\n20.0%\n22.8%\n27.0%\n Claims on Private Sector\n1.8%\n3.4%\n4.0%\n1.6%\n0.1%\n4.2%\n4.6%\n4.8%\n3.9%\n1.9%\n1.4%\n2.4%\n1.9%\n2.0%\n1.0%\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n2014\n$ Thousands\n2015\n \n \nMONTHLY ECONOMIC REVIEW \n12 \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2014 \nJan\n489,585.3\n43,743.8\n18,574.7\n464,097.6\n5,467.4\n48,086.1\n362,554.0\n116,635.5\n412,901.1\n37,722.2\n367,126.2\n16,773.1\n2,383,267.1\nFeb \n519,154.6\n38,918.1\n24,765.4\n460,528.2\n10,397.3\n47,488.6\n385,038.1\n116,670.5\n401,619.6\n32,978.1\n396,800.8\n8,542.7\n2,442,902.1\nMar\n503,868.1\n42,707.9\n35,785.1\n494,663.8\n5,257.4\n52,722.0\n374,809.1\n116,653.0\n396,000.6\n38,089.3\n406,503.1\n15,833.1\n2,482,892.7\nApr\n540,156.2\n40,707.1\n18,138.9\n502,514.1\n9,898.6\n18,817.9\n407,595.0\n175,048.3\n447,549.2\n49,619.1\n511,048.2\n15,136.7\n2,736,229.2\nMay\n546,733.9\n41,594.2\n21,547.9\n488,389.7\n10,073.8\n23,049.1\n396,846.0\n184,730.9\n452.373.8\n51,891.8\n512,864.5\n17,718.8\n2,747,814.6\nJun\n536,188.9\n46,085.8\n28,201.0\n500,266.1\n10,656.3\n25,616.2\n417,002.7\n197,441.1\n432,692.4\n46,751.6\n499,191.5\n17,173.9\n2,757,267.4\nJul\n575,645.3\n43,055.0\n28,090.8\n480,483.6\n6,359.2\n27,284.9\n428,611.4\n206,052.3\n479,384.6\n49,260.4\n507,930.0\n46,148.1\n2,878,305.8\nAug\n548,866.7\n56,886.1\n38,891.3\n498,696.8\n54,387.2\n110,618.5\n422,942.5\n221,099.2\n430,156.3\n48,167.0\n474,060.2\n37,230.9\n2,942,002.7\nSep\n539,818.8\n51,349.1\n29,191.8\n493,610.7\n51,999.0\n109,975.0\n428,697.3\n201,791.6\n451,117.2\n45,100.0\n539,108.1\n36,708.6\n2,978,467.1\nOct\n530,544.7\n62,891.8\n55,922.5\n507,936.4\n50,701.1\n101,818.5\n436,519.1\n196,491.0\n413,443.5\n39,088.3\n520,437.0\n5,799.4\n2,921,593.2\nNov\n574,859.5\n58,780.5\n46,419.5\n460,989.3\n50,008.6\n120,510.4\n453,924.5\n208,418.3\n413,410.7\n45,289.6\n540,638.4\n5,976.9\n2,979,226.2\nDec\n565,840.1\n46,298.5\n42,604.8\n437,975.3\n47,805.8\n88,485.5\n478,895.5\n220,501.3\n481,497.5\n43,449.8\n543,038.5\n5,957.7\n3,002,529.6\n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nFeb\n538,722.0\n42,062.8\n47,395.1\n446,647.8\n21,790.0\n117,681.6\n461,237.6\n214,420.4\n463,884.6\n48,357.0\n544,838.5\n1,416.2\n2,948,453.6\nMar\n549,118.0\n42,010.1\n44,087.2\n448,278.7\n76,302.3\n110,180.3\n473,978.1\n203,327.9\n466,104.7\n48,938.0\n550,140.6\n1,339.6\n3,013,805.6\nApr\n556,457.4\n30,687.3\n44,546.9\n451,852.9\n65,696.1\n72,653.7\n457,797.1\n202,418.2\n518,353.6\n47,653.8\n551,662.8\n990.1\n3,000,770.0\nMay\n577,258.6\n31,400.7\n44,839.1\n456,652.1\n64,792.3\n75,682.2\n460,700.3\n192,377.2\n545,363.4\n50,061.9\n561,058.3\n1,034.4\n3,061,220.5\nJun\n576,485.1\n29,649.0\n56,936.5\n463,750.7\n20,117.9\n91,678.4\n407,949.0\n181,512.7\n512,108.4\n40,839.7\n590,917.1\n965.9\n2,972,910.2\nJul\n589,866.7\n27,447.9\n56,456.1\n474,568.7\n21,025.9\n92,335.6\n418,612.0\n186,238.8\n416,928.9\n41,201.6\n579,629.0\n941.4\n2,905,252.7\nAug\n580,775.3\n28,148.8\n58,618.6\n460,451.4\n22,509.2\n105,466.9\n411,831.6\n176,732.7\n440,470.4\n41,154.5\n571,926.0\n886.9\n2,898,972.1\nSep\n598,429.9\n28,307.9\n59,213.0\n443,604.1\n22,711.9\n102,015.0\n421,228.0\n174,144.2\n467,804.5\n43,051.0\n569,250.1\n929.5\n2,930,689.0\nOct\n609,537.2\n33,868.4\n53,813.7\n466,727.6\n21,566.0\n104,959.3\n447,136.6\n141,401.6\n484,254.8\n40,156.6\n573,330.4\n907.7\n2,977,660.0\nNov\n650,547.2\n28,696.7\n49,784.9\n440,864.2\n12,868.9\n104,288.1\n428,393.1\n152,136.9\n444,207.8\n40,760.5\n543,920.4\n696.2\n2,897,164.8\nDec\n590,610.6\n30,958.8\n44,706.5\n366,799.2\n13,354.6\n87,897.5\n450,208.5\n163,452.9\n475,424.5\n40,154.3\n518,998.3\n527.5\n2,783,093.0\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\n$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n13 \n \n \n \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS\nORGANISATIONS\n2014\nJANUARY\n130,154.6\n53,292.9\n146,876.1\n353,793.8\n259,569.6\n731,703.3\n304,033.2\n93,776.7\n770,435.4\n40,085.9\n485,573.1\n60,897.7\n3,430,192.5\nFEBRUARY\n138,812.3\n55,092.2\n134,813.9\n420,181.0\n262,183.8\n786,295.6\n270,062.5\n131,134.8\n779,640.3\n39,169.2\n508,813.7\n61,822.3\n3,588,021.6\nMARCH\n118,239.1\n55,167.5\n135,807.9\n382,675.5\n216,025.3\n791,776.0\n275,549.1\n103,298.7\n806,185.9\n42,432.8\n521,381.5\n72,990.9\n3,521,530.3\nAPRIL\n164,347.5\n59,289.3\n102,323.7\n408,823.5\n325,559.7\n780,207.0\n325,659.8\n135,187.4\n888,876.2\n43,746.5\n582,848.8\n82,009.8\n3,898,879.1\nMAY\n149,474.1\n60,669.4\n108,977.6\n355,802.3\n332,850.8\n800,256.8\n303,599.4\n132,132.8\n1,027,552.7\n38,921.0\n581,930.2\n93,334.9\n3,985,501.8\nJUNE\n194,685.1\n64,188.9\n95,595.6\n470,267.7\n291,594.6\n812,999.7\n348,303.5\n130,453.4\n895,698.0\n44,735.5\n575,149.1\n91,392.4\n4,015,063.5\nJULY\n163,335.6\n56,812.0\n87,587.5\n370,121.7\n303,367.3\n830,988.6\n334,436.8\n112,985.0\n880,761.1\n44,675.4\n587,756.7\n94,841.5\n3,867,669.2\nAUGUST\n128,794.1\n38,934.1\n90,012.5\n271,204.3\n270,009.9\n755,141.6\n236,267.5\n130,548.6\n865,566.6\n31,180.4\n467,724.2\n89,582.4\n3,374,966.2\nSEPTEMBER\n177,932.5\n56,444.5\n82,756.7\n315,956.8\n309,508.3\n951,593.4\n278,461.5\n174,497.9\n978,044.0\n47,792.7\n571,629.9\n103,464.8\n4,048,083.1\nOCTOBER\n158,421.7\n57,091.4\n83,973.9\n407,934.0\n308,028.8\n917,450.3\n266,690.9\n178,771.0\n936,336.2\n44,950.2\n613,425.1\n91,764.1\n4,064,837.5\nNOVEMBER\n140,908.6\n61,494.3\n93,114.0\n350,153.8\n313,668.7\n881,007.4\n271,049.9\n137,867.8\n955,760.6\n48,177.7\n641,405.3\n90,462.2\n3,985,070.2\nDECEMBER\n147,242.4\n60,358.1\n118,725.7\n328,729.5\n325,746.6\n950,304.9\n290,329.3\n118,977.8\n964,815.0\n47,574.3\n638,061.1\n92,040.8\n4,082,906.3\n2015\nJANUARY\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\nFEBRUARY\n151,740.1\n63,112.6\n109,807.6\n370,581.8\n314,944.7\n784,737.6\n309,307.9\n120,255.1\n1,028,160.1\n43,112.0\n606,650.6\n78,891.2\n3,981,301.2\nMARCH\n199,484.8\n63,709.2\n116,397.4\n378,460.0\n351,448.0\n762,380.7\n373,911.9\n99,744.6\n912,654.4\n42,478.9\n644,951.3\n72,605.2\n4,018,226.6\nAPRIL\n186,896.3\n65,974.0\n130,284.9\n380,884.8\n330,001.9\n799,952.4\n373,648.3\n109,735.0\n944,772.9\n44,964.9\n653,801.0\n75,850.9\n4,096,767.2\nMAY\n185,803.2\n73,167.5\n111,512.1\n523,774.7\n299,659.2\n801,335.5\n419,453.7\n113,355.0\n1,041,392.8\n50,057.9\n619,767.9\n71,388.8\n4,310,668.3\nJUNE\n187,657.0\n76,777.8\n109,336.0\n498,031.3\n304,087.2\n877,042.8\n338,069.8\n67,556.6\n1,131,497.1\n43,949.0\n651,072.8\n72,166.9\n4,357,244.2\nJULY\n180,261.3\n80,536.4\n106,645.3\n452,744.1\n295,611.1\n911,363.8\n360,746.5\n88,518.4\n971,759.9\n53,101.6\n647,215.1\n70,618.8\n4,219,122.4\nAUGUST\n168,075.2\n86,038.9\n108,477.7\n472,875.1\n335,158.3\n784,616.6\n401,830.1\n76,647.0\n1,042,260.4\n55,455.9\n657,177.1\n51,922.5\n4,240,535.0\nSEPTEMBER\n197,641.5\n85,842.6\n112,415.3\n462,925.6\n349,564.2\n831,813.0\n379,121.4\n71,090.0\n1,033,106.7\n53,348.1\n676,308.0\n55,759.2\n4,308,935.5\nOCTOBER\n219,922.3\n85,382.0\n116,874.4\n447,200.7\n331,543.6\n821,640.8\n378,568.5\n68,298.7\n1,100,719.7\n55,846.7\n648,757.5\n67,353.2\n4,342,108.3\nNOVEMBER\n212,806.1\n85,815.7\n98,468.4\n465,089.7\n334,835.6\n846,959.0\n363,754.4\n71,866.2\n1,074,141.8\n56,110.3\n665,421.1\n64,630.3\n4,339,898.7\nDECEMBER\n196,092.9\n88,273.0\n102,636.9\n518,411.4\n336,909.2\n864,491.7\n307,845.0\n63,337.5\n1,163,771.1\n57,410.5\n639,985.6\n66,435.7\n4,405,600.5\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n14 \n \n \n \n \n \n \n \n \n \n \nEnd Pe rio d\n19 9 9\n2 0 0 0\n2 0 0 1\n2 0 0 2\n2 0 0 3\n2 0 0 4\n2 0 0 5\n2 0 0 6\n2 0 0 7\n2 0 0 8\n2 0 0 9\n2 0 10\n2 0 11\n2 0 12\n2 0 13\n2 0 14\n( U S $ millio ns )\nLo ng - Te rm Ext e rnal D e b t\n3 ,53 0\n3 ,2 2 7\n3 ,2 55\n3 ,3 2 7\n3 ,6 4 4\n3 ,9 2 7\n3 ,8 0 5\n3 ,9 6 5\n4 ,0 3 2\n4 ,4 6 4\n4 ,9 51\n5,175\n6 ,0 9 6\n6 ,6 0 7\n7,3 70\n8 ,4 4 4\nGo ve rnme nt\n2 ,4 6 1\n2 ,2 4 9\n2 ,3 2 8\n2 ,3 76\n2 ,6 17\n2 ,8 4 4\n2 ,8 9 5\n3 ,0 2 4\n3 ,0 54\n3 ,4 6 4\n4 ,0 3 7\n4 ,0 9 5\n4 ,6 3 8\n4 ,9 2 9\n5,0 12\n4 ,52 2\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\nPub lic Ent e rp ris e s\n54 3\n53 4\n56 8\n6 16\n6 9 8\n714\n70 9\n76 6\n79 0\n8 2 5\n8 57\n9 3 8\n1,0 9 2\n1,19 8\n1,3 56\n1,6 6 1\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nM o ne t ary A ut ho rit ie s\n3 6 4\n2 9 2\n2 9 2\n2 79\n2 8 8\n2 9 1\n14 4\n13 0\n13 7\n14 0\n14 0\n13 8\n12 7\n12 5\n12 5\n12 0\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\nPrivat e\n16 2\n152\n6 7\n56\n4 1\n78\n57\n4 5\n51\n3 5\n57\n14 2\n3 6 6\n4 8 0\n1,0 0 2\n2 ,2 6 1\nS ho rt - Te rm Ext e rnal D e b t\n53 2\n2 9 8\n16 7\n18 3\n16 9\n14 4\n173\n2 8 1\n3 8 7\n2 2 6\n1,19 8\n1,3 8 2\n1,2 8 9\n8 9 0\n1,56 4\n2 ,3 9 4\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\nTo t al Ext e rnal D e b t\n4 ,0 6 2\n3 ,52 5\n3 ,4 2 2\n3 ,510\n3 ,8 12\n4 ,0 71\n3 ,9 78\n4 ,2 4 6\n4 ,4 19\n4 ,6 9 0\n6 ,14 9\n6 ,557\n7,3 8 5\n7,4 9 7\n8 ,9 3 4\n10 ,8 3 8\nGro s s D o me s t ic Pro d uc t\n5,990\n6,107\n10,887\n6,715\n5,037\n4,299\n2,918\n6,645\n4,000\n3,175\n8,157\n9,457\n10,956\n12,472\n13,490\n14,068\nExt e rnal D e b t / GD P\n6 8 %\n57.7%\n3 1.4 %\n52 .3 %\n75.7%\n9 4 .7%\n13 6 .3 %\n6 3 .9 %\n110 .5%\n14 7.7%\n75.4 %\n6 9 .3 %\n6 7.4 %\n6 0 .1%\n6 6 .2 %\n77.0 %\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \nMONTHLY ECONOMIC REVIEW \n15 \n \n \nEnd Period\nNominal Lending Rates2\nIndividuals \nCorporate\n2014 \nJan\n6.00-35.00\n14.09 \n9.30 \nFeb \n6.00-35.00\n14.08 \n9.32 \nMar\n6.00-35.00\n14.24 \n9.27 \nApr\n6.00-35.00\n14.22 \n9.12 \nMay\n6.00-35.00\n14.39 \n9.25 \nJun\n6.00-35.00\n14.44 \n9.33 \nJul\n6.00-35.00\n14.33 \n9.45 \nAug\n6.00-35.00\n14.28 \n9.45 \nSep\n6.00-35.00\n14.45 \n9.57 \nOct\n6.00-35.00\n14.36 \n9.90 \nNov\n6.00-35.00\n14.26 \n9.97 \nDec\n6.00-35.00\n14.19 \n9.68 \n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \nFeb\n4.30-33.50\n14.00 \n9.73 \nMar\n4.30-33.50\n13.24 \n8.75 \nApr\n4.30-31.00\n12.71 \n8.84 \nMay\n5.00-31.00\n12.74 \n8.79 \nJun\n5.00-31.00\n11.94 \n8.42 \nJul\n5.00-31.00\n11.86 \n8.56 \nAug\n4.30-26.00\n11.96 \n8.51 \nSep\n4.30-25.00\n11.81 \n8.47 \nOct\n4.00-18.00\n10.98 \n7.28 \nNov\n4.00-16.25\n12.20 \n7.67 \nDec\n6.00-16.00\n11.99 \n7.57 \nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates 3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \nMONTHLY ECONOMIC REVIEW \n16 \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2014 \nJan\n0.15-8.00\n3.00-20.00\nFeb \n0.15-8.00\n3.00-20.00\nMar\n0.15-8.00\n3.00-20.00\nApr\n0.15-8.00\n3.00-20.00\nMay\n0.15-8.00\n3.00-20.00\nJun\n0.15-8.00\n3.00-20.00\nJul\n0.15-8.00\n3.00-20.00\nAug\n0.15-8.00\n4.00-20.00\nSep\n0.15-8.00\n4.00-20.00\nOct\n0.15-8.00\n4.00-20.00\nNov\n0.15-8.00\n4.00-20.00\nDec\n0.15-8.00\n3.00-20.00\n2015 \nJan\n0.15-8.00\n3.00-17.00\nFeb\n0.50-12.00\n1.00-17.00\nMar\n0.50-12.00\n1.00-17.00\nApr\n0.30-8.00\n1.00-17.00\nMay\n0.30-8.00\n1.00-17.00\nJun\n0.30-8.00\n1.00-17.00\nJul\n0.30-8.00\n1.00-15.00\nAug\n0.30-8.00\n1.00-15.00\nSep\n0.30-8.00\n1.00-16.00\nOct\n0.50-8.00\n1.00-17.00\nNov\n0.75-8.00\n1.00-17.00\nDec\n0.50-8.00\n0.75-17.00\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \nMONTHLY ECONOMIC REVIEW \n17 \n \n \n \nFOOD IN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHS IN G, WA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A TION\nR EC R EA TION &\nED U C A TION\nR ES TA U R A N TS &\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\nFOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON A LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4 .3 8\n6 .0 5\n17.74\n9 .9 1\n2 .16\n9 .76\n3 .4 1\n2 .1\n5.6 7\n1.3 8\n3 .9 1\n6 6 .4 7\n3 3 .53\n10 0\n2014\nJA N U A R Y\n0 .2 0\n- 0 .0 7\n0 .0 0\n0 .0 1\n- 0 .2 3\n0 .0 1\n0 .0 0\n- 0 .0 7\n0 .0 2\n0 .16\n- 0 .0 9\n0 .0 0\n0 .4 4\n0 .14\nFEB R U A R Y\n- 0 .0 1\n- 0 .0 9\n- 0 .11\n- 0 .0 8\n0 .0 9\n0 .0 8\n0 .0 0\n- 0 .0 4\n0 .2 3\n- 0 .0 8\n0 .0 7\n- 0 .0 1\n0 .18\n0 .0 5\nM A R C H\n- 0 .0 5\n- 0 .0 6\n- 0 .8 2\n- 0 .12\n0 .0 2\n0 .0 0\n0 .0 1\n0 .0 0\n0 .0 0\n0 .0 1\n- 0 .3 0\n- 0 .2 6\n- 0 .14\n- 0 .2 2\nA PR IL\n0 .3 0\n- 0 .10\n- 0 .13\n- 0 .75\n0 .16\n0 .3 3\n- 0 .0 2\n0 .3 4\n12 .6 4\n- 1.0 2\n- 0 .0 3\n1.0 9\n- 0 .4 6\n0 .58\nM A Y\n0 .11\n- 0 .11\n- 0 .0 6\n- 0 .2 9\n0 .0 0\n0 .2 3\n- 0 .0 3\n- 0 .2 0\n0 .0 7\n- 0 .13\n- 0 .4 3\n- 0 .0 5\n- 0 .3 0\n- 0 .13\nJU N E\n- 0 .0 5\n0 .12\n0 .0 0\n0 .0 6\n0 .3 0\n- 0 .0 3\n0 .0 0\n- 0 .0 9\n0 .0 0\n- 0 .11\n0 .15\n0 .0 2\n- 0 .12\n- 0 .0 3\nJU LY\n- 0 .4 7\n- 0 .2 1\n0 .12\n0 .3 0\n- 0 .0 1\n0 .11\n- 0 .12\n- 0 .13\n- 0 .0 8\n1.79\n0 .8 5\n- 0 .3 7\n0 .2 5\n0 .0 1\nA U GU S T\n- 0 .8 1\n- 0 .0 5\n- 0 .0 9\n0 .0 0\n- 0 .14\n0 .0 4\n0 .2 8\n- 0 .0 6\n- 0 .0 8\n- 0 .0 2\n0 .0 2\n- 1.2 1\n- 0 .0 7\n- 0 .3 1\nS EPTEM B ER\n0 .10\n0 .14\n0 .4 5\n- 0 .2 7\n0 .2 1\n0 .3 8\n- 0 .0 6\n- 0 .14\n0 .0 0\n- 0 .4 0\n0 .11\n0 .15\n- 0 .3 4\n- 0 .0 1\nOC TOB ER\n0 .16\n0 .0 7\n0 .0 0\n- 0 .14\n- 0 .0 1\n- 0 .2 7\n- 0 .0 6\n- 0 .0 4\n0 .0 1\n0 .0 2\n0 .0 3\n- 0 .0 4\n- 0 .2 4\n- 0 .11\nN OV EM B ER\n0 .19\n0 .12\n- 0 .0 3\n- 0 .0 9\n0 .0 9\n0 .10\n0 .0 2\n0 .0 2\n- 9 .18\n- 0 .6 2\n0 .0 6\n- 0 .9 6\n- 0 .11\n- 0 .6 9\nD EC EM B ER\n0 .0 1\n- 0 .10\n0 .16\n- 0 .10\n0 .13\n0 .19\n0 .0 0\n- 0 .16\n0 .0 0\n- 0 .2 3\n- 0 .15\n0 .0 4\n- 0 .3 6\n- 0 .0 9\n2015\nJA N U A R Y\n- 0 .0 4\n- 0 .0 1\n0 .0 8\n0 .0 7\n0 .0 6\n- 0 .9 7\n- 13 .4 1\n0 .0 2\n- 0 .0 8\n- 0 .4 8\n0 .3 0\n- 0 .6 9\n0 .4 0\n- 0 .3 4\nFEB R U A R Y\n0 .2 5\n- 0 .3 5\n- 0 .0 9\n- 0 .11\n- 0 .0 2\n- 0 .4 1\n- 0 .10\n- 0 .17\n0 .0 0\n- 0 .2 8\n0 .10\n- 0 .13\n0 .0 5\n- 0 .0 7\nM A R C H\n0 .12\n- 0 .2 7\n- 0 .0 6\n- 0 .0 2\n- 0 .0 5\n0 .0 2\n0 .0 0\n0 .0 3\n0 .0 0\n0 .12\n0 .10\n- 0 .0 3\n- 0 .0 3\n- 0 .0 3\nA PR IL\n- 0 .6 3\n- 0 .0 1\n- 0 .71\n- 3 .3 5\n- 0 .4 6\n- 0 .0 5\n- 0 .15\n- 0 .13\n- 0 .0 7\n0 .59\n0 .4 1\n- 0 .0 4\n- 1.0 1\n- 0 .8 9\nM A Y\n- 0 .17\n- 0 .4 1\n0 .18\n- 0 .2 5\n0 .10\n- 0 .2 5\n- 0 .0 2\n- 0 .11\n0 .0 0\n- 0 .0 8\n- 0 .4 4\n- 0 .10\n- 0 .3 7\n- 0 .19\nJU N E\n0 .3 6\n- 0 .0 6\n- 0 .0 2\n- 0 .0 7\n- 0 .17\n0 .0 6\n0 .0 1\n- 0 .0 9\n0 .0 0\n- 0 .0 7\n0 .11\n0 .0 1\n- 0 .4 5\n- 0 .14\nJU LY\n- 0 .0 8\n0 .0 5\n- 0 .56\n- 0 .8 2\n0 .15\n- 0 .0 9\n- 0 .0 2\n- 0 .14\n7.4 8\n- 0 .0 2\n0 .0 3\n0 .4 7\n- 0 .8 1\n0 .0 6\nA U GU S T\n- 0 .2 7\n- 0 .0 1\n0 .0 2\n- 0 .14\n- 0 .0 4\n- 0 .2 9\n- 0 .0 6\n- 0 .2 6\n0 .0 0\n- 0 .14\n- 0 .0 9\n- 0 .10\n- 0 .75\n- 0 .3 6\nS EPTEM B ER\n- 0 .0 5\n0 .0 0\n- 0 .6 2\n- 0 .52\n0 .0 4\n- 0 .4 2\n- 0 .3 8\n- 0 .0 1\n0 .0 0\n1.2 8\n- 0 .3 0\n- 0 .3 1\n- 0 .4 7\n- 0 .3 6\nOC TOB ER\n- 0 .4 3\n- 0 .3 1\n- 0 .0 8\n- 0 .3 2\n0 .6 1\n- 0 .4 7\n0 .0 2\n- 0 .14\n0 .0 0\n- 0 .18\n0 .12\n- 0 .17\n- 0 .53\n- 0 .2 9\nN OV EM B ER\n- 0 .15\n- 0 .19\n- 0 .0 1\n- 0 .2 4\n0 .0 0\n- 0 .0 8\n- 0 .2 3\n- 0 .0 2\n2 .8 3\n- 0 .0 3\n- 0 .0 2\n0 .2 2\n0 .0 4\n0 .16\nD EC EM B ER\n- 0 .4 1\n- 0 .15\n0 .18\n- 0 .0 7\n- 0 .0 6\n- 0 .2 5\n- 0 .0 3\n0 .0 9\n0 .0 0\n- 0 .0 7\n- 0 .3 0\n- 0 .0 6\n- 0 .2 1\n- 0 .11\nN ON - FOOD IN FLA TION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n18 \n \n \nFOOD \nIN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHS IN G, \nWA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A\nTION\nR EC R EA TION \n&\nED U C A TION\nR ES TA U R A N\nTS &\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\nFOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON \nA LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4 .3 8\n6 .0 5\n17.74\n9 .9 1\n2 .16\n9 .76\n3 .4 1\n2 .1\n5.6 7\n1.3 8\n3 .9 1\n6 6 .4 7\n3 3 .53\n10 0\n2 0 14\nJA N U A R Y\n5.0 3\n0 .0 3\n3 .6 3\n- 1.0 7\n1.8 7\n1.6 2\n- 14\n- 1.12\n11.3\n2 .18\n- 0 .4 3\n1.6 7\n- 2 .0 8\n0 .4 1\nFEB R U A R Y\n2 .2 1\n- 0 .4 3\n3 .0 9\n- 1.3 5\n0 .4 4\n0 .0 5\n- 13 .8 6\n- 1.0 8\n11.4 7\n1.3 2\n- 1.4 5\n0 .9 3\n- 3 .2 6\n- 0 .4 9\nM A R C H\n1.6 7\n- 0 .53\n2 .2 1\n- 1.8 2\n0 .4\n- 0 .4 4\n- 13 .6 8\n- 1.2 1\n11.4 7\n2 .4 7\n- 1.8 2\n0 .51\n- 3 .71\n- 0 .9 1\nA PR IL\n1.78\n- 0 .55\n0 .4 6\n- 2 .6\n0 .2 2\n- 0 .11\n- 0 .6 2\n- 0 .9 3\n2 0 .71\n1.13\n- 1.56\n1.5\n- 3 .73\n- 0 .2 6\nM A Y\n1.9 1\n- 0 .8 3\n0 .3 9\n- 2 .6 2\n0 .2 9\n0 .8 6\n- 0 .6\n- 0 .6 4\n2 0 .79\n0 .9 5\n- 1.6 9\n1.6 2\n- 3 .75\n- 0 .19\nJU N E\n1.6 8\n- 0 .8 1\n0 .4\n- 2 .54\n0 .6 4\n0 .9 7\n- 0 .2 7\n- 0 .8 4\n2 0 .79\n0 .9 9\n- 1.6 7\n1.6 7\n- 3 .54\n- 0 .0 8\nJU LY\n- 2 .8 8\n1.6 4\n- 0 .6 8\n0 .7\n- 2 .4\n0 .8\n0 .5\n- 0 .4\n- 0 .8\n2 3\n1.8\n- 2\n1.9\n0 .3\nA U GU S T\n- 2 .79\n2 .0 2\n- 0 .4 4\n- 0 .1\n- 2 .5\n0 .6\n0 .7\n- 0 .3\n- 0 .8\n2 1.4\n0 .9\n- 2 .8\n1.6\n0 .2\nS EPTEM B ER\n2 .10\n- 0 .3 4\n- 0 .0 3\n- 2 .6 0\n0 .9 8\n0 .9 9\n- 0 .3 2\n- 0 .8 5\n2 1.4 2\n0 .2 8\n- 3 .0 6\n1.59\n- 2 .9 5\n0 .0 9\nOC TOB ER\n1.0 4\n- 0 .2 7\n- 0 .0 1\n- 2 .3 8\n0 .9 1\n1.0 4\n- 0 .3 1\n- 0 .75\n2 1.4 1\n0 .3 8\n- 2 .8 3\n1.59\n- 3 .2 3\n0 .0 0\nN OV EM B ER\n0 .8 4\n0 .0 4\n- 0 .0 3\n- 2 .11\n0 .9 1\n1.2 6\n- 0 .2 8\n- 0 .59\n4 .4 4\n- 1.3 1\n- 2 .50\n0 .17\n- 2 .75\n- 0 .78\nD EC EM B ER\n0 .71\n- 0 .0 5\n- 0 .2 4\n- 1.9 2\n0 .9 2\n1.18\n- 0 .3 3\n- 0 .53\n4 .4 5\n- 1.54\n- 2 .2 1\n0 .13\n- 2 .7\n- 0 .8\n2 0 15\nJA N U A R Y\n0 .4 7\n0 .0 0\n- 0 .16\n- 1.8 6\n1.2 1\n0 .19\n- 13 .6 9\n- 0 .4 4\n4 .3 5\n- 2 .16\n- 1.8 2\n- 0 .57\n- 2 .74\n- 1.2 8\nFEB R U A R Y\n0 .73\n- 0 .2 5\n- 0 .14\n- 1.8 8\n1.10\n- 0 .3 0\n- 13 .78\n- 0 .57\n4 .11\n- 2 .3 6\n- 1.8 0\n- 0 .6 8\n- 2 .8 7\n- 1.4 0\nM A R C H\n0 .9 0\n- 0 .4 6\n0 .6 2\n- 1.78\n1.0 3\n- 0 .2 8\n- 13 .78\n- 0 .54\n4 .11\n- 2 .2 6\n- 1.4 1\n- 0 .4 4\n- 2 .77\n- 1.2 0\nA PR IL\n- 2 .9 3\n0 .59\n- 1.0 7\n- 2 .6 2\n- 1.50\n0 .8 1\n- 0 .76\n- 13 .8 8\n- 0 .9 5\n- 7.0 2\n- 0 .8 4\n- 1.4 1\n- 2 .51\n- 2 .6 5\nM A Y\n0 .3 1\n- 1.3 7\n- 2 .3 9\n- 1.4 5\n0 .9 2\n- 1.2 3\n- 13 .8 7\n- 0 .8 6\n- 7.0 9\n- 0 .79\n- 1.4 2\n- 2 .56\n- 3 .0 0\n- 2 .70\nJU N E\n0 .72\n- 1.54\n- 2 .4 1\n- 1.58\n0 .4 5\n- 1.14\n0 .0 0\n- 0 .8 7\n- 7.0 9\n- 0 .75\n- 1.3 8\n- 2 .57\n- 3 .3 2\n- 2 .8 1\nJU LY\n0 .74\n- 1.6 1\n- 3 .2 4\n- 2 .3 7\n0 .50\n- 1.12\n- 13 .77\n- 0 .9 3\n- 1.9 0\n- 1.6 1\n- 0 .9 9\n- 2 .3 5\n- 3 .6 5\n- 2 .77\nA U GU S T\n0 .6 1\n- 1.53\n- 3 .2 2\n- 2 .3 7\n0 .4 2\n- 1.6 7\n- 13 .77\n- 1.11\n- 1.8 8\n- 1.78\n0 .13\n- 2 .3 8\n- 3 .59\n- 2 .77\nS EPTEM B ER\n0 .4 7\n- 1.6 7\n- 4 .2 5\n- 2 .6 2\n0 .2 5\n- 2 .4 5\n- 14 .0 5\n- 0 .9 9\n- 1.8 8\n- 0 .12\n- 0 .2 8\n- 2 .8 3\n- 3 .72\n- 3 .11\nOC TOB ER\n- 0 .12\n- 2 .0 4\n- 4 .3 3\n- 2 .8 0\n0 .8 6\n- 2 .6 4\n- 13 .9 8\n- 1.0 9\n- 1.8 9\n- 0 .3 2\n- 0 .2 0\n- 2 .9 5\n- 4 .0 0\n- 3 .2 9\nN OV EM B ER\n- 0 .4 5\n- 2 .3 5\n- 4 .3 2\n- 2 .9 4\n0 .77\n- 2 .8 1\n- 14 .19\n- 1.14\n11.0 8\n0 .2 8\n- 0 .2 7\n- 1.8 0\n- 3 .8 5\n- 2 .4 6\nD EC EM B ER\n- 0 .8 8\n- 2 .3 9\n- 4 .2 9\n- 2 .9 1\n0 .57\n- 3 .2 4\n- 14 .2 2\n- 0 .8 9\n11.0 8\n0 .4 3\n- 0 .4 2\n- 1.8 9\n- 3 .71\n- 2 .4 7\nN ON - FOOD IN FLA TION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n19 \n \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2014\nJANUARY\n11.21\n9.09\n102.47\n1.35\n1.65\nFEBRUARY\n10.71\n8.85\n101.74\n1.37\n1.67\nMARCH\n10.56\n8.85\n102.38\n1.38\n1.68\nAPRIL\n10.57\n8.85\n102.38\n1.38\n1.68\nMAY\n10.44\n8.73\n101.61\n1.36\n1.67\nJUNE\n10.58\n8.67\n101.3\n1.36\n1.7\nJULY\n10.68\n8.85\n102.76\n1.36\n1.69\nAUGUST\n10.98\n9.07\n107.35\n1.29\n1.63\nSEPTEMBER\n11.26\n9.26\n109.39\n1.27\n1.63\nOCTOBER\n10.90\n9.11\n110.87\n1.26\n1.59\nNOVEMBER\n11.02\n9.22\n118.21\n1.38\n1.57\nDECEMBER\n11.56\n9.51\n119.65\n1.22\n1.56\n2015\nJANUARY\n11.55\n9.61\n117.85\n1.13\n1.51\nFEBRUARY\n11.55\n9.61\n119.17\n1.12\n1.54\nMARCH\n12.16\n9.96\n120.19\n1.08\n1.48\nAPRIL\n11.82\n9.74\n118.60\n1.11\n1.54\nMAY\n12.13\n9.76\n123.87\n1.09\n1.53\nJUNE\n12.26\n9.92\n122.31\n1.12\n1.57\nJULY\n12.71\n10.67\n124.03\n1.09\n1.56\nAUGUST\n13.31\n10.20\n121.11\n1.12\n1.54\nSEPTEMBER\n13.90\n10.55\n119.94\n1.12\n1.54\nOCTOBER\n13.85\n10.47\n121.15\n1.10\n1.54\nNOVEMBER\n14.40\n10.70\n122.73\n1.06\n1.53\nDECEMBER\n15.56\n11.10\n120.42\n1.09\n1.49\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n \n \nMONTHLY ECONOMIC REVIEW \n20 \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nBond\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\nCoins\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2014\n Jan\n356.9\n395.3\n134.1\n253.1\n153.0\n119.2\n5.4\n1417.0\n27.9\n2866.4\n516.1\n362.2\n353.9\n5543.5\n Feb\n334.3\n387.0\n130.5\n285.0\n131.2\n193.2\n5.4\n1466.6\n32.8\n2718.1\n534.5\n502.9\n351.1\n5606.0\n Mar\n304.6\n354.1\n147.4\n280.3\n165.9\n255.2\n5.4\n1512.9\n28.7\n2737.9\n522.7\n538.8\n349.7\n5690.7\n Apr\n353.3\n367.8\n154.4\n274.9\n205.7\n247.0\n5.4\n1608.4\n32.5\n2844.6\n534.1\n345.3\n348.6\n5713.6\n May\n327.8\n421.1\n120.5\n372.8\n211.5\n241.7\n5.4\n1700.6\n27.5\n2836.8\n591.4\n366.2\n347.1\n5869.6\n Jun\n347.1\n404.7\n166.4\n338.1\n198.0\n261.9\n0.0\n1716.1\n16.2\n2863.2\n607.8\n362.9\n346.4\n5912.6\n Jul\n347.1\n321.3\n176.7\n276.3\n186.0\n246.2\n0.0\n1553.7\n15.4\n2940.4\n597.5\n347.4\n345.6\n5800.0\n Aug\n360.7\n424.5\n178.5\n243.5\n173.9\n237.5\n0.0\n1618.6\n15.5\n2949.1\n609.5\n353.9\n346.4\n5892.9\n Sep\n255.6\n636.8\n183.0\n158.8\n176.0\n253.9\n0.0\n1664.2\n4.1\n2949.4\n624.6\n371.5\n341.5\n5955.3\n Oct\n226.1\n597.7\n175.0\n205.5\n180.3\n260.1\n0.0\n1644.7\n15.6\n2938.4\n594.4\n369.0\n341.8\n5903.8\n Nov\n258.9\n556.7\n169.1\n157.5\n178.5\n281.6\n0.0\n1602.2\n4.2\n2951.6\n597.5\n369.4\n341.1\n5865.9\n Dec\n0.4\n309.5\n465.7\n167.6\n151.9\n184.3\n285.4\n0.0\n1564.7\n4.1\n2758.6\n606.2\n343.7\n356.0\n5633.3\n2015\n Jan\n0.6\n222.5\n527.9\n159.0\n182.6\n163.6\n325.7\n0.0\n1581.9\n21.4\n2796.8\n557.7\n360.2\n366.1\n5684.2\n Feb\n0.4\n216.7\n501.2\n149.6\n183.2\n128.6\n344.6\n0.0\n1524.2\n17.9\n2792.5\n564.8\n325.3\n356.8\n5581.5\n Mar\n0.6\n246.9\n461.4\n147.8\n222.2\n121.6\n338.0\n5.4\n1543.8\n15.5\n2925.5\n527.3\n352.5\n362.0\n5726.6\n Apr\n0.7\n205.5\n492.8\n158.6\n218.5\n112.0\n335.1\n5.4\n1528.6\n18.2\n2967.1\n527.1\n364.2\n385.4\n5790.7\n May\n0.7\n237.3\n495.6\n135.1\n181.0\n101.4\n622.7\n5.5\n1779.2\n18.2\n2922.7\n525.7\n434.2\n384.3\n6064.3\n Jun\n0.8\n245.7\n570.9\n155.1\n144.7\n90.8\n750.1\n4.4\n1962.4\n28.8\n2872.6\n498.4\n351.0\n386.2\n6099.4\n Jul\n0.9\n226.0\n544.9\n137.3\n135.3\n86.3\n770.0\n0.0\n1900.7\n28.8\n2815.0\n504.1\n361.1\n388.8\n5998.5\n Aug\n1.0\n234.0\n523.7\n104.3\n194.7\n76.1\n786.5\n5.1\n1925.3\n28.8\n2810.1\n535.2\n339.9\n390.5\n6029.6\n Sep\n1.0\n255.2\n551.8\n114.8\n192.9\n63.7\n764.9\n5.1\n1949.4\n28.0\n2844.1\n599.2\n404.6\n392.3\n6217.7\n Oct\n0.9\n215.7\n536.1\n143.7\n171.5\n83.5\n808.3\n5.2\n1964.9\n26.7\n2884.2\n599.3\n350.6\n391.5\n6217.0\n Nov\n1.2\n186.9\n526.1\n135.9\n123.5\n74.3\n871.8\n5.2\n1924.9\n26.6\n2931.5\n603.6\n355.3\n393.6\n6235.5\n Dec\n0.7\n181.6\n542.9\n127.5\n118.6\n79.7\n1031.3\n5.2\n2087.6\n20.8\n2820.5\n582.0\n352.8\n396.7\n6260.4\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n21 \n \n \n \n \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2014\n Jan\n2153.6\n802.7\n403.5\n3359.8\n661.3\n0.0\n55.9\n592.9\n516.1\n357.5\n5543.5\n3359.8\n Feb\n2111.8\n878.8\n494.6\n3485.2\n630.0\n0.0\n51.1\n609.5\n534.5\n359.0\n5669.5\n3485.2\n Mar\n2156.8\n919.6\n454.2\n3530.6\n635.5\n0.0\n44.8\n596.4\n522.7\n360.7\n5690.7\n3530.6\n Apr\n2267.5\n958.3\n435.7\n3661.5\n553.5\n0.0\n17.0\n595.0\n534.1\n352.4\n5713.6\n3661.5\n May\n2294.9\n975.8\n451.7\n3722.4\n585.0\n0.0\n13.7\n591.1\n591.4\n366.1\n5869.6\n3722.4\n Jun\n2248.9\n989.8\n506.1\n3744.8\n543.8\n0.0\n48.3\n591.2\n607.8\n376.7\n5912.6\n3744.8\n Jul\n2130.4\n892.9\n606.6\n3629.9\n560.8\n0.0\n39.5\n571.5\n597.5\n400.6\n5800.0\n3629.9\n Aug\n2202.3\n963.1\n539.9\n3705.3\n552.7\n0.0\n43.5\n580.7\n609.5\n401.2\n5892.9\n3705.3\n Sep\n2191.0\n1011.1\n562.6\n3764.8\n548.9\n0.0\n59.5\n544.8\n624.6\n412.7\n5955.3\n3764.8\n Oct\n2260.8\n1015.1\n509.9\n3785.8\n506.8\n0.0\n47.4\n543.3\n594.4\n426.0\n5903.8\n3785.8\n Nov\n2231.8\n943.4\n526.5\n3701.6\n509.4\n0.0\n90.6\n541.8\n597.5\n425.0\n5865.9\n3701.6\n Dec\n2101.6\n975.8\n453.2\n3530.5\n484.0\n0.0\n81.4\n713.6\n606.2\n217.5\n5633.3\n3530.5\n2015\nJan\n2056.2\n996.2\n561.7\n3614.0\n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5684.2\n3614.0\nFeb\n2079.6\n876.1\n611.6\n3567.3\n426.6\n0.0\n75.6\n720.3\n564.8\n227.0\n5581.5\n3567.3\nMar\n2139.3\n940.4\n513.3\n3593.0\n461.1\n0.0\n101.9\n749.7\n527.3\n293.6\n5726.6\n3593.0\nApr\n2098.7\n943.5\n629.8\n3672.0\n448.9\n0.0\n103.4\n747.4\n527.1\n291.8\n5790.7\n3672.0\nMay\n2131.8\n1015.3\n615.3\n3762.4\n574.7\n0.0\n82.4\n814.7\n525.7\n304.4\n6064.3\n3762.4\nJun\n2213.2\n1021.9\n593.5\n3828.7\n560.2\n0.8\n103.1\n814.9\n498.4\n293.2\n6099.4\n3828.7\nJul\n2166.4\n889.7\n732.5\n3788.6\n478.9\n0.8\n88.2\n813.0\n504.1\n325.0\n5998.5\n3788.6\nAug\n2266.7\n790.9\n723.1\n3780.7\n490.7\n0.0\n83.4\n825.7\n535.2\n313.9\n6029.6\n3780.7\nSep\n2276.7\n967.6\n648.7\n3892.9\n504.0\n0.0\n72.0\n828.1\n599.2\n321.5\n6217.7\n3892.9\nOct\n2259.9\n909.3\n667.8\n3837.0\n494.3\n0.0\n122.2\n841.2\n599.3\n322.9\n6217.0\n3837.0\nNov\n2475.9\n919.4\n580.1\n3975.4\n347.6\n0.0\n126.0\n845.3\n603.6\n337.5\n6235.5\n3975.4\nDec\n2512.2\n999.0\n543.0\n4054.2\n320.4\n0.0\n140.4\n866.9\n582.0\n296.5\n6260.4\n4054.2\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ Millions\nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n22 \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\nBond\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoins\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2014\n Jan\n0.0\n0.1\n0.5\n0.0\n0.2\n1.8\n0.0\n0.0\n2.6\n0.0\n81.3\n10.0\n23.5\n34.7\n152.1\n Feb\n0.0\n0.2\n0.4\n0.1\n0.1\n1.8\n0.0\n0.0\n2.5\n0.0\n77.6\n9.0\n24.1\n34.6\n147.9\n Mar\n0.0\n0.1\n0.1\n0.1\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n53.2\n8.7\n21.8\n32.5\n118.1\n Apr\n0.0\n0.1\n0.4\n0.2\n0.3\n1.6\n0.0\n2.6\n5.2\n75.2\n8.5\n22.2\n32.4\n140.9\n284.4\n May\n0.0\n0.2\n0.4\n0.0\n0.1\n0.3\n0.0\n0.9\n1.9\n68.7\n0.1\n14.6\n30.3\n114.6\n230.2\n Jun\n0.0\n0.2\n0.2\n0.1\n0.0\n0.6\n0.0\n0.0\n1.2\n0.0\n66.8\n0.1\n14.7\n29.6\n112.4\n Jul\n0.0\n0.2\n0.3\n0.0\n0.1\n0.3\n0.0\n0.0\n0.9\n0.0\n66.9\n0.1\n12.9\n28.7\n109.6\n Aug\n0.0\n0.2\n0.7\n0.0\n0.1\n0.3\n0.0\n0.0\n1.3\n0.0\n64.4\n0.0\n19.4\n23.9\n109.0\n Sep\n0.0\n0.4\n0.2\n0.0\n0.1\n0.3\n0.0\n0.0\n1.1\n0.0\n65.9\n0.1\n18.9\n19.7\n105.8\n Oct\n0.0\n0.7\n0.7\n0.0\n0.1\n0.3\n0.0\n0.0\n1.7\n0.0\n68.3\n0.1\n10.8\n25.9\n106.9\n Nov\n0.0\n0.6\n0.1\n0.0\n0.1\n0.3\n0.0\n0.0\n1.0\n0.0\n67.1\n0.1\n12.4\n25.8\n106.3\nDec\n0.0\n0.9\n0.4\n0.0\n0.1\n0.3\n0.0\n0.0\n1.7\n0.0\n63.6\n0.1\n10.0\n24.6\n100.0\n2015\n Jan\n0.0\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\n Feb\n0.0\n0.4\n0.2\n0.1\n0.1\n1.6\n0.0\n0.0\n2.5\n0.0\n72.0\n8.3\n19.3\n23.6\n125.7\n Mar\n0.0\n0.4\n0.1\n0.0\n0.1\n1.5\n0.0\n0.0\n2.1\n0.0\n73.3\n8.2\n18.5\n23.4\n125.5\n Apr\n0.0\n0.3\n0.1\n0.0\n0.1\n0.2\n0.0\n0.0\n0.6\n0.0\n66.7\n0.0\n10.3\n21.3\n98.9\n May\n0.0\n0.4\n0.0\n0.0\n0.0\n0.2\n0.0\n0.0\n0.6\n0.0\n67.9\n0.0\n9.6\n21.2\n99.3\n Jun\n0.0\n0.3\n0.0\n0.0\n0.0\n0.4\n0.0\n0.0\n0.7\n0.0\n68.1\n0.0\n9.7\n21.1\n99.6\n Jul\n0.0\n0.2\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n67.8\n0.0\n9.2\n21.0\n100.0\n Aug\n0.0\n0.1\n1.8\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n60.0\n0.0\n9.3\n28.1\n99.4\n Sep\n0.0\n0.1\n2.2\n0.0\n0.0\n0.2\n0.0\n0.0\n2.5\n0.0\n59.2\n0.0\n9.2\n28.0\n98.9\n Oct\n0.0\n0.1\n2.1\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n59.4\n0.0\n9.1\n27.8\n98.8\n Nov\n0.0\n0.1\n2.0\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n58.5\n0.0\n9.5\n20.6\n91.0\n Dec\n0.0\n0.1\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n1.9\n0.0\n59.8\n0.0\n9.4\n20.5\n91.6\nUS$ Millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \nMONTHLY ECONOMIC REVIEW \n23 \n \n \n \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2014\n Jan\n36.8\n57.7\n5.7\n100.1\n11.7\n0.0\n0.0\n0.7\n10.0\n29.5\n152.1\n100.1\n Feb\n47.6\n48.3\n0.0\n95.8\n11.7\n0.0\n0.0\n-10.9\n9.0\n42.3\n147.9\n95.8\n Mar\n41.0\n55.8\n0.0\n96.9\n12.0\n0.0\n0.0\n-17.7\n8.7\n18.4\n118.1\n96.9\n Apr\n57.4\n40.3\n0.0\n97.7\n12.2\n0.0\n0.0\n-19.8\n8.5\n42.4\n140.9\n97.7\n May\n42.8\n34.6\n0.0\n77.4\n0.0\n0.0\n0.0\n4.7\n0.1\n32.5\n114.6\n77.4\n Jun\n42.8\n33.2\n0.0\n76.0\n0.0\n0.0\n0.0\n2.3\n0.1\n33.7\n112.1\n76.0\n Jul\n42.6\n33.8\n0.0\n76.3\n0.0\n0.0\n0.0\n-8.7\n0.1\n41.8\n109.6\n76.3\n Aug\n36.4\n40.4\n0.0\n76.8\n0.0\n0.0\n0.0\n-7.8\n0.0\n40.0\n109.0\n76.8\n Sep\n40.9\n33.9\n0.0\n74.9\n0.0\n0.0\n0.0\n-7.6\n0.1\n38.4\n105.8\n74.9\n Oct\n39.9\n33.7\n0.0\n73.6\n0.0\n0.0\n0.0\n-9.6\n0.1\n42.8\n106.9\n73.6\n Nov\n39.4\n33.3\n0.0\n72.7\n0.0\n0.0\n0.0\n-10.9\n0.1\n44.4\n106.3\n72.7\nDec\n36.9\n31.2\n0.0\n68.1\n0.0\n0.0\n0.0\n-17.9\n0.1\n49.7\n100.0\n68.1\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\n Feb\n38.4\n40.4\n0.0\n78.7\n11.7\n0.0\n0.0\n-48.7\n8.3\n75.6\n125.7\n78.7\n Mar\n68.6\n12.1\n0.0\n80.7\n12.0\n0.0\n0.0\n-50.7\n8.2\n75.2\n125.5\n80.7\n Apr\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-27.5\n0.0\n62.4\n98.9\n63.9\n May\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-28.8\n0.0\n64.2\n99.3\n63.9\n Jun\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-28.9\n0.0\n65.6\n99.6\n62.9\n Jul\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-27.8\n0.0\n64.8\n100.0\n62.9\n Aug\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-14.9\n0.0\n51.3\n99.4\n62.9\n Sep\n62.2\n0.0\n0.0\n62.2\n0.0\n0.0\n0.0\n-15.3\n0.0\n52.0\n98.9\n62.2\n Oct\n61.9\n0.0\n0.0\n61.9\n0.0\n0.0\n0.0\n-16.4\n0.0\n53.2\n98.8\n61.9\n Nov\n58.8\n0.0\n0.0\n58.8\n0.0\n0.0\n0.0\n-20.2\n0.0\n52.5\n91.0\n58.8\n Dec\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-20.1\n0.0\n53.2\n91.6\n58.5\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n24 \n \n \n \n \nForeign\nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nBond\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nCoins\nat Banks\nBanks\nBills\n2014\nJan\n0.0\n30.9\n147.5\n0.0\n0.2\n40.0\n0.0\n218.6\n0.0\n384.5\n136.4\n64.4\n125.3\n929.1\nFeb\n0.0\n30.2\n165.0\n0.0\n0.2\n40.0\n0.0\n235.3\n0.0\n385.8\n132.0\n65.4\n125.4\n943.9\nMar\n0.0\n47.5\n166.2\n0.0\n0.2\n40.0\n0.0\n253.8\n0.0\n390.4\n132.1\n68.8\n125.0\n970.1\nApr\n0.0\n45.2\n161.0\n0.0\n0.2\n40.0\n0.0\n246.5\n0.0\n401.8\n132.4\n76.6\n124.7\n981.9\nMay\n0.0\n47.7\n190.7\n0.0\n0.2\n40.0\n0.0\n278.6\n0.0\n394.0\n147.0\n82.7\n124.3\n1026.7\nJun\n0.0\n39.5\n187.9\n0.0\n0.0\n40.0\n0.0\n267.4\n0.0\n400.0\n150.4\n84.0\n124.4\n1026.1\nJul\n0.0\n40.6\n180.9\n0.0\n0.0\n40.0\n0.0\n261.5\n0.0\n431.8\n159.4\n84.1\n124.4\n1061.2\nAug\n0.0\n17.8\n219.8\n0.0\n0.0\n51.4\n0.0\n289.1\n0.0\n442.4\n166.5\n86.4\n124.2\n1108.6\nSep\n0.0\n51.2\n183.1\n0.0\n0.0\n51.4\n0.0\n285.7\n0.0\n452.1\n173.8\n95.6\n123.8\n1131.0\nOct\n0.0\n37.1\n199.8\n0.0\n0.0\n51.7\n0.0\n288.6\n0.0\n483.1\n179.7\n102.2\n124.0\n1177.6\nNov\n0.0\n53.2\n217.5\n0.0\n0.0\n32.8\n0.0\n303.5\n0.0\n512.4\n169.3\n109.0\n123.5\n1217.6\n Dec\n0.1\n47.0\n224.9\n0.0\n0.2\n52.6\n0.0\n324.8\n0.0\n512.9\n169.0\n102.9\n125.3\n1234.9\n2015\nJan\n0.1\n37.3\n196.0\n0.0\n0.1\n51.8\n0.0\n307.1\n0.0\n511.6\n172.1\n105.8\n126.1\n1222.6\nFeb\n0.1\n32.1\n244.4\n0.0\n0.1\n51.9\n0.0\n328.6\n0.0\n522.9\n176.2\n106.8\n125.8\n1260.2\nMar\n0.1\n52.4\n214.4\n0.0\n0.1\n52.0\n0.0\n319.0\n0.0\n508.7\n180.0\n122.5\n125.5\n1255.5\nApr\n0.1\n32.5\n243.2\n0.0\n0.1\n60.4\n0.0\n336.3\n0.0\n520.2\n182.5\n118.3\n124.8\n1282.0\nMay\n0.1\n33.6\n257.7\n0.0\n0.1\n60.1\n0.0\n351.5\n0.0\n448.7\n235.1\n137.5\n125.2\n1298.0\nJun\n0.2\n59.6\n204.9\n0.0\n0.1\n60.1\n0.0\n324.8\n0.0\n464.9\n231.9\n139.4\n122.0\n1283.0\nJul\n0.2\n51.6\n205.5\n0.0\n0.1\n62.9\n0.0\n320.2\n0.0\n461.5\n230.6\n133.9\n121.9\n1268.2\nAug\n0.1\n53.0\n158.9\n0.0\n0.1\n76.2\n0.0\n288.4\n0.0\n482.9\n228.4\n136.0\n122.2\n1257.9\nSep\n0.1\n55.4\n161.7\n0.0\n0.1\n76.0\n0.0\n293.3\n0.0\n480.4\n263.4\n125.8\n122.1\n1285.0\nOct\n0.1\n45.2\n229.1\n0.0\n0.1\n76.0\n0.0\n350.5\n0.0\n494.0\n265.1\n126.0\n122.8\n1358.4\nNov\n0.1\n43.6\n256.8\n0.0\n0.1\n76.1\n0.0\n376.7\n0.0\n292.0\n479.3\n131.8\n121.1\n1400.9\nDec\n0.1\n27.3\n284.0\n0.0\n0.0\n76.6\n0.0\n387.9\n0.0\n317.4\n470.4\n114.7\n118.4\n1408.8\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n25 \n \n \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2014\nJan\n313.9\n253.1\n567.0\n26.1\n80.6\n225.9\n29.5\n929.1\n567.0\nFeb\n318.7\n264.4\n583.1\n25.1\n81.3\n228.6\n25.8\n943.9\n583.1\nMar\n374.6\n234.6\n609.2\n24.7\n79.6\n231.4\n25.2\n970.1\n609.2\nApr\n358.4\n262.7\n621.1\n24.9\n76.5\n234.0\n25.4\n981.9\n621.1\nMay\n436.2\n233.2\n669.4\n24.7\n77.3\n238.0\n17.1\n1026.7\n669.4\nJun\n440.1\n212.2\n652.3\n34.8\n78.9\n243.1\n17.3\n1026.3\n652.3\nJul\n362.4\n302.9\n665.3\n30.1\n104.3\n244.2\n17.5\n1061.3\n665.3\nAug\n358.8\n336.8\n695.5\n35.7\n105.7\n250.6\n21.2\n1108.7\n695.5\nSep\n394.8\n297.6\n692.4\n54.2\n106.9\n253.5\n23.9\n1131.0\n692.4\nOct\n364.5\n368.0\n732.5\n54.2\n105.3\n258.5\n27.3\n1177.7\n732.5\nNov\n376.9\n392.0\n768.9\n54.6\n104.4\n262.9\n27.2\n1217.8\n768.9\nDec\n400.9\n387.5\n788.4\n54.2\n102.0\n262.7\n27.6\n1234.9\n788.4\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1222.6\n770.2\nFeb\n405.8\n400.3\n806.2\n53.6\n98.3\n272.9\n29.2\n1260.2\n806.2\nMar\n408.1\n386.3\n794.4\n50.8\n108.8\n275.8\n25.8\n1255.5\n794.4\nApr\n464.1\n364.8\n828.9\n48.3\n99.4\n276.8\n28.7\n1282.0\n828.9\nMay\n472.0\n391.6\n863.6\n48.5\n87.4\n270.7\n27.8\n1298.0\n863.6\nJun\n492.9\n343.9\n836.8\n48.3\n94.0\n272.9\n31.1\n1283.0\n836.8\nJul\n458.3\n370.6\n828.9\n48.5\n85.8\n277.4\n27.5\n1268.2\n828.9\nAug\n438.4\n386.1\n824.5\n47.6\n73.2\n282.7\n29.9\n1257.9\n824.5\nSep\n498.9\n334.3\n833.2\n43.5\n84.9\n288.4\n35.0\n1285.0\n833.2\nOct\n465.3\n428.4\n893.7\n42.4\n99.0\n293.6\n29.7\n1358.4\n893.7\nNov\n446.1\n474.4\n920.4\n42.4\n104.3\n297.7\n36.0\n1400.9\n920.4\nDec\n480.5\n463.9\n944.4\n43.0\n99.4\n293.3\n28.8\n1408.8\n944.4\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ Millions \nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n26 \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$)\nVolume of Shares\nUS$ Millions\n2014\nJan\n189.25\n35.4\n63,972,387.0\n170,104,078\n4,882.1\nFeb\n189.45\n39.24\n25,811,746.9\n135,455,029\n4,906.9\nMar\n176.32\n29.51\n28,884,400.2\n381,649,234\n4,560.3\nApr\n172.91\n29.64\n51,346,054.5\n429,085,166\n4,473.5\nMay\n174.89\n35.45\n35,903,574.8\n235,704,129\n4,485.1\nJun\n186.57\n61.32\n28,544,304.7\n178,469,676\n4,873.4\nJuly\n188.07\n95.00\n25,224,550.4\n322,407,141\n4,959.2\nAug\n196.43\n104.8\n66,399,632.9\n328,161,452\n5,186.6\nSep\n195.25\n92.75\n34,056,010.7\n210,942,393\n5,140.2\nOct\n177.88\n70.38\n28,256,642.5\n156,444,539\n4,664.8\nNov\n171.45\n64.39\n34,765,242.8\n155,854,066\n4,517.9\nDec\n162.79\n71.71\n29,701,204.8\n475,024,051\n4,327.0\n2015\nJan\n164.9\n58.13\n16,062,740.8\n57,390,451\n4,365.1\nFeb\n167.16\n55.38\n34,775,616.2\n119,324,114\n4,353.4\nMar\n158.22\n43.92\n18,903,881.0\n405,884,918\n4,117.1\nApr\n156.23\n42.93\n29,188,562.0\n563,833,853\n4,066.1\nMay\n152.96\n44.45\n23,280,422.2\n290,320,685\n3,978.1\nJun\n148.40\n44.30\n14,514,679.0\n80,441,278\n3,803.8\nJul\n145.35\n39.36\n20,419,108.0\n157,184,218\n3,812.7\nAug\n135.43\n35.34\n15,344,249.0\n76,187,436\n3,552.0\nSep\n131.93\n24.36\n18,202,232.0\n105,678,504\n3,444.5\nOct\n130.83\n23.57\n12,864,086.0\n63,758,585\n3,416.1\nNov\n117.55\n22.33\n8,947,586.0\n90,417,554\n3,141.7\nDec\n114.85\n23.72\n16,360,451.6\n183,792,940\n3,073.4\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \nMONTHLY ECONOMIC REVIEW \n27 \n \n \nCommercial\nBuilding \nEnd of\nBanks\nP.O.S.B.\nSocieties\nTOTAL\n2014\nMay\n1,427.5\n77.5\n669.4\n2,209.0\nJun\n1,495.8\n81.3\n652.3\n2,262.6\nJul\n1,499.5\n84.2\n665.3\n2,282.7\nAug\n1,502.9\n84.0\n695.5\n2,322.9\nSep\n1,573.8\n88.6\n692.4\n2,388.8\nOct\n1,525.0\n87.5\n732.5\n2,378.7\nNov\n1,469.9\n89.8\n768.9\n2,361.8\nDec\n1,473.1\n84.8\n788.4\n2,377.5\n2015\nJan\n1,557.9\n86.3\n770.2\n2,455.2\nFeb\n1,487.7\n90.4\n806.2\n2,384.2\nMar\n1,453.7\n93.6\n794.4\n2,353.9\nApr\n1,573.3\n90.4\n828.9\n2,492.6\nMay\n1,630.6\n89.2\n863.6\n2,583.4\nJun\n1,615.4\n95.1\n836.8\n2,547.3\nJul\n1,622.2\n92.4\n828.9\n2,543.5\nAug\n1,514.0\n93.1\n824.5\n2,431.5\nSep\n1,616.2\n101.3\n833.2\n2,550.7\nOct\n1,577.1\n97.5\n893.7\n2,568.3\nNov\n1,499.5\n100.0\n920.4\n2,520.0\nDec\n1,542.0\n94.4\n944.4\n2,580.8\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n28 \n \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2014\nMay\n1,700.6\n1,116.7\n583.9\n1.9\n23.2\n-21.3\nJun\n1,716.1\n1,123.4\n592.7\n1.2\n22.8\n-21.6\nJul\n1,553.7\n1,089.0\n464.7\n0.9\n22.9\n-22.0\nAug\n1,618.6\n1,111.6\n507.0\n1.3\n23.0\n-21.7\nSep\n1,664.2\n1,129.4\n534.7\n1.1\n22.5\n-21.3\nOct\n1,644.7\n1,135.7\n508.9\n1.7\n22.1\n-20.3\nNov\n1,602.2\n1,110.5\n491.7\n1.0\n21.8\n-20.8\nDec\n1,571.0\n1,107.9\n463.1\n1.7\n20.4\n-18.7\n2015\nJan\n1,581.9\n1,084.2\n497.7\n2.0\n24.0\n-22.0\nFeb\n1,524.2\n1,070.2\n454.0\n2.5\n23.6\n-21.2\nMar\n1,543.8\n1,077.9\n465.9\n2.1\n24.2\n-22.1\nApr\n1,528.6\n1,101.6\n427.0\n0.6\n19.2\n-18.6\nMay\n1,779.2\n1,128.7\n650.4\n0.6\n19.2\n-18.5\nJun\n1,962.4\n1,148.6\n813.8\n0.7\n18.9\n-18.2\nJul\n1,900.7\n1,136.6\n764.1\n2.0\n18.9\n-16.9\nAug\n1,925.3\n1,134.2\n791.0\n2.0\n18.9\n-16.9\nSep\n1,949.4\n1,167.9\n781.6\n2.5\n18.6\n-16.1\nOct\n1,964.9\n1,151.1\n813.8\n2.4\n18.6\n-16.2\nNov\n1,924.9\n1,192.6\n732.2\n2.4\n17.6\n-15.3\nDec\n2,087.6\n1,216.3\n871.3\n1.9\n17.6\n-15.6\n1/ With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed to 25% of liabilities to the public, from 20%. \nUS$ Millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \nMONTHLY ECONOMIC REVIEW \n29 \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2014\nJan\n3093.01\n5.24\n102.26\n233.1\n228.25\n68.31\nFeb\n2954.93\n10.73\n96.27\n193.9\n217.14\n64.42\nMar\n3332.79\n10.4\n103.58\n232.94\n255.32\n87.94\nApr\n3439.33\n9.66\n126.26\n253.16\n264.38\n96.29\nMay\n3915.31\n13.65\n117.11\n181.35\n146.64\n121.98\nJun\n3657.44\n12.42\n110.38\n250.87\n284.18\n104.28\nJul\n3955.45\n11.72\n125.81\n267\n312.35\n101.75\nAug\n3467.34\n9.36\n135.9\n273.39\n320.36\n103.26\nSep\n4037.98\n11.16\n138.09\n280.8\n341.23\n115.94\nOct\n3843.84\n13.58\n150.09\n291.68\n362.30\n117.40\nNov\n4104.33\n9.33\n160.40\n299.94\n358.76\n103.76\nDec\n4615.04\n11.53\n148.5\n336.65\n395.93\n124.33\nAnnual Total\n44416.79\n128.78\n1514.65\n3094.78\n3486.84\n1209.66\n2015\nJan\n3659.00\n11.81\n154.43\n311.94\n352.18\n113.46\nFeb\n3221.13\n13.69\n141.79\n275.8\n334.62\n104.62\nMar\n3801.96\n11.11\n131.97\n298.30\n364.69\n111.70\nApr\n3919.47\n10.81\n133.99\n299.67\n341.22\n112.38\nMay\n3467.10\n13.08\n128.76\n316.66\n389.97\n124.5\nJun\n3014.73\n15.35\n123.53\n333.65\n438.72\n136.62\nJul\n4010.26\n12.64\n154.61\n332.37\n391.04\n128.61\nAug\n3299.06\n11.39\n193.36\n313.18\n391.19\n133.55\nSep\n3762.74\n12.93\n131.89\n318.75\n396.28\n396.28\nOct\n3964.53\n11.84\n149.41\n334.93\n434.71\n151.02\nNov\n3551.4\n12.02\n130.20\n347.68\n416.95\n154.38\nDec\n4167.88\n10.95\n146.60\n411.34\n477.51\n213.28\nAnnual Total\n43839.25\n147.62\n1720.54\n3894.27\n4729.07\n1880.40\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ millions)\n \n \nMONTHLY ECONOMIC REVIEW \n30 \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2014\nJan\n182.48\n29.41\n973.79\n815.89\n11141.19\n24.19\nFeb\n175.09\n32.95\n991.91\n799.12\n10631.6\n25.1\nMar\n192.02\n32.35\n1163.76\n947.64\n12859.5\n30.82\nApr\n183.63\n28.12\n1184.85\n974.37\n13298.04\n29.23\nMay\n215.2\n37.09\n954.18\n793.43\n12146.9\n38.68\nJun\n193.58\n32.98\n1164.73\n966.45\n14163.56\n34.25\nJul\n199.59\n34.34\n1272.91\n1038.44\n15370.63\n37.68\nAug\n170.86\n27.25\n1300.35\n1122.41\n16268.07\n33.84\nSep\n197.88\n30.39\n1158.84\n1057.48\n15991.79\n39.35\nOct\n200.32\n34.58\n1193.38\n1086.16\n17527.40\n40.96\nNov\n171.45\n27.66\n1143.69\n1077.30\n17876.31\n42.01\nDec\n189.83\n27.49\n1161.59\n1162.71\n19347.91\n40.49\nAnnual Total\n2271.93\n374.61\n13663.98\n11841.40\n176622.90\n416.60\n2015\nJan\n170.77\n29.55\n1174.09\n1124.49\n16903.26\n37.60\nFeb\n172.25\n32.23\n1140.94\n1027.88\n16160.42\n39.94\nMar\n191.64\n30.33\n1183.64\n1110.17\n18211.89\n44.48\nApr\n180.34\n26.98\n1151.25\n1107.52\n17269.69\n43.55\nMay\n179.76\n27.38\n1052.50\n1123.77\n18684.62\n43.22\nJun\n196.41\n31.85\n1121.24\n1038.18\n17478.24\n47.17\nJul\n199.10\n34.00\n1288.23\n1167.43\n18670.44\n49.36\nAug\n153.13\n28.05\n1373.48\n1122.22\n19750.59\n46.52\nSep\n164.31\n31.15\n1196.87\n1103.91\n19133.21\n50.40\nOct\n156.43\n30.78\n1295.03\n1152.83\n22166.45\n54.05\nNov\n143.44\n32.19\n1206.16\n1151.34\n21390.18\n51.34\nDec\n155.04\n27.25\n1359.88\n1183.57\n22904.33\n52.59\nAnnual Total\n2062.62\n361.73\n14543.30\n13413.30\n228723.31\n560.22\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nVolumes of Transactions (in thousands)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/December2015.pdf"}

clean/cb_requests/20dc2d73e72dfcf3486382934ad84519.json

@@ -0,0 +1 @@
+{"doc_id": "20dc2d73e72dfcf3486382934ad84519", "text": "1\n \nPRESS STATEMENT \nEMBARGO DELIVERY \n29 January 2026 \n \nSTATEMENT OF THE MONETARY POLICY COMMITTEE \n \nIssued by Lesetja Kganyago, Governor of the South African Reserve Bank \nGood day \nLast year was marked by extreme global uncertainty, and 2026 has begun with a \nnew round of shocks. Geopolitical tensions remain elevated, reflecting what appears \nto be a rupture in the global political order. There are also new threats to central \nbank independence. \nMarkets are jittery, and precious metals like gold have received safe-haven flows.1 \nThere are also ongoing risks of an Artificial Intelligence (AI) bubble. Furthermore, \nglobal imbalances have become very large. For instance, China’s trade surplus was \nover a trillion dollars last year, a new record.2 Meanwhile, government debt is still \ngrowing fast in key economies, with the US fiscal deficit, for example, approaching \ntwo trillion dollars.3 These trends are not sustainable. \nDespite these fragilities, asset prices have been resilient and global growth is holding \nup,4 supported by investments in AI, as well as fiscal stimulus in major economies. \nInflation generally slowed last year, and many central banks have had space to \n \n1 Relatedly, for the World Economic Forum’s 2026 global risk report, survey respondents identified \n‘geoeconomic confrontation’ and ‘state-based armed conflict’ as the top two risks ‘most likely to \npresent a material crisis on a global scale in 2026’. \n2 The official figure was $1.19 trillion, about a fifth higher than 2024. \n3 The FY2025 deficit was $1.78 trillion. The US fiscal year runs to October. \n4 The global growth rate used in the forecast has been revised up slightly, from 2.7% to 2.8% for \n2025, with 2026 unchanged at 2.9%. The IMF’s January update to the World Economic Outlook \nprojections likewise had small upward revisions for global growth. \n \n2\nadopt more neutral policy settings. Financing conditions for emerging markets \nremain benign. \nTurning to South Africa, growth looks steadier. The economy has expanded for four \nconsecutive quarters, and the available data suggest it grew further in the most \nrecent quarter.5 This would mark the longest unbroken growth phase since 2018.6 \nThe main growth driver has been household consumption, up by more than 3% last \nyear, compared to an estimated 1.3% for the overall economy. Unfortunately, \ninvestment has been weak, contracting during the first half of 2025. However, the \nthird-quarter data showed a rebound. We hope this investment recovery will be \nsustained, allowing the economy to achieve structurally higher growth.7 \nOur forecasts continue to show growth moving somewhat higher, approaching 2% \nover the medium term. We see some upside risks to these projections. \nMoving to prices, inflation last year was 3.2%, close to our 3% objective. Inflation \nwas a bit higher towards the end of the year, mainly because of temporary factors. \nThe December print came in at 3.6%. However, we expect this was the peak, and \nthat inflation will slow from here. \nIndeed, our near-term inflation forecast has fallen, with the rand stronger8 and a \nlower oil price assumption.9 We are, however, keeping an eye on food inflation, \nespecially meat prices, which are being affected by a serious outbreak of foot and \nmouth disease. We are also concerned about electricity prices, given that NERSA’s \nprice correction may rise from R54 billion to R76 billion.10 \nMore positively, inflation expectations have fallen, with the latest survey showing \nlonger-term expectations at record lows.11 We look forward to expectations declining \n \n5 2025Q4 growth is estimated at 0.3% (q/q, sa) \n6 The economy achieved six consecutive growth quarters between 2016Q4 and 2018Q1. To put that \nin context, it expanded for 18 consecutive quarters between 2009Q3 and 2013Q4, and 40 quarters \nfrom 1998Q4 to 2008Q3. \n7 Investment is estimated to have contracted by 2.1% for the year as a whole \n8 The implied starting point for the forecast is R16.54 per US$ (2026Q1), followed by 16.73 (2026Q2) \n9 The November 2025 projection for 2026 inflation was 3.5%. The latest projection is 3.3%. \n10 While the baseline forecast keeps the electricity price assumptions unchanged, a larger recovery to \nunwind the additional error would raise 2027 inflation to 3.3% and 2028 inflation to 3.1%, compared \nwith 3.2% and 3.0% for those two years, respectively, in the baseline. \n11 The BER survey for 2025Q4 had both 2-year ahead average expectations, and expectations over 5 \nyears, at 3.7%. These categories were both at 4.2% in the 2025Q3 survey. \n \n3\nfurther, as South Africans experience ongoing lower inflation and learn more about \nthe new target.12 \nIn turn, lower expectations will be important for getting inflation to settle at 3%. \nCurrently, we are benefitting from low goods price inflation, supported by factors like \nthe stronger rand. Goods inflation is at 3%, and core goods is at 1.2%. By contrast, \nservices inflation is still over 4%. It is desirable to have services inflation moving \ncloser to 3%, as low inflation becomes the new normal for South Africa. \nWe assess the risks to the inflation outlook as balanced. \nAgainst this backdrop, the MPC decided to keep the policy rate unchanged, at \n6.75%. Two members favoured a cut of 25 basis points, while four preferred a hold. \nThe Quarterly Projection Model continues to forecast gradual rate cuts as inflation \nsubsides. The model interprets the policy stance as moderately restrictive currently, \nwith rates reaching neutral levels during 2027. As before, this rate path remains a \nbroad policy guide. Our decisions will continue to be taken on a meeting-by-meeting \nbasis, with careful attention to the outlook, data outcomes, and the balance of risks \nto the forecast. \nMoving to our scenarios: \nOver the past year, there have been large changes in both the rand exchange rate \nand oil prices. Our baseline forecasts assume these prices will stay roughly where \nthey ended 2025,13 but the outlook is uncertain. We therefore considered a pair of \nscenarios: a favourable one where the rand is stronger and the oil price keeps \nfalling, and a more challenging one where the rand weakens and oil goes up again.14 \nIn the adverse scenario, inflation peaks at 4%, and the convergence to the 3% target \nis slower. Interest rates are largely unchanged in the near term, with the shift down to \nneutral delayed by about a year. In the positive scenario, inflation gets as low as \n \n12 Breakeven rates have also moderated somewhat since the November 2025 MPC. The 5-year \nmetric is around 3.3%, and the 10-year is just below 4%, a record low. \n13 The oil price assumption is US$65 per barrel over the forecast horizon while the implied rand dollar \nstays in a range of 16.54-17.10. \n14 The scenario assumptions roughly correspond to the high and low ends of the range of Bloomberg \nconsensus forecasts. The adverse scenario has the rand weaken to R18.50 per US$, with oil reaching \nUS$75 per barrel, while the positive scenario has the rand as strong as R15.50 per US$ (and ending \nat R16.00 per US$), and oil down to US$51 per barrel (ending at US$55 per barrel). \n \n4\n2.3%, temporarily. In this context, expectations ease faster and inflation ultimately \nsettles near 3% more quickly. This allows front-loading of interest rate cuts, with \nneutral reached during the current year. \nThese scenarios show that even quite large shocks, like those modelled, would not \npush inflation outside our tolerance range of 3% plus or minus one. They also \ndemonstrate how supply shocks interact with inflation expectations, affecting how \nfast we deliver on the 3% target. We are trying to anchor expectations at 3%. \nPositive shocks get us there sooner, while negative shocks delay the process, but \ndon’t block it. Overall, monetary policy appears well positioned to manage the range \nof shocks that might come our way. \nTo conclude, 2025 was a watershed year for the South African economy. Despite a \nvolatile global backdrop, there was significant progress on domestic reforms, \nincluding a new inflation target. These efforts have been rewarded with lower \nborrowing costs, a rapid decline in inflation expectations, and steadier growth. It is \ncrucial to sustain this progress. For monetary policy, our main contribution is to \ndeliver on the new target, which means stabilising inflation at 3% over the next few \nyears. Further gains in economic performance would come from reaching a prudent \npublic debt level, lowering administered price inflation, and continuing structural \nreforms that raise potential growth. \nLesetja Kganyago \nGOVERNOR \n \nThe next statement of the Monetary Policy Committee will be released on 26 March. \n \nContact person: \nThoraya Pandy \n082.416.8416 \nmedia@resbank.co.za", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/jan26-statement.pdf"}

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+{"doc_id": "25d2da97b7a114b3ad3fca3a44f44f82", "text": "1 \n \nPUBLIC \n \nBANK OF GHANA \nMONETARY POLICY COMMITTEE \nPRESS RELEASE \n17 September 2025 \n \nGood afternoon, ladies and gentlemen of the press. \n \nThe Monetary Policy Committee (MPC) held its 126th meeting from September 15 – \n17, 2025, to evaluate recent economic developments and assess risks to the outlook \nfor inflation and growth. This briefing summarises the key discussions and the \nCommittee's decision on the monetary policy stance. \n \nContrary to earlier projections of a global economic slowdown, growth has been \nresilient supported by a modest tapering of the tensions associated with the tariff wars, \nrobust exports in the first quarter of the year, easing credit conditions, and fiscal \nexpansion in some Advanced Economies. Against this backdrop, the IMF revised its \nglobal growth projections for 2025 to 3.0 percent, compared with earlier forecast of 2.8 \npercent. This notwithstanding, geopolitical uncertainties, relatively high tariffs and \nprojected decline in global trade could dampen near-term growth prospects. Global \ninflation is expected to decline amid lower food and energy prices, as well as a \nslowdown in employment growth. In addition, global financing conditions have eased \nsomewhat supported by declining policy rates, lower long-term bond yields, and a \nstrong rebound in portfolio flows to emerging market and developing economies. \nCurrent global conditions and uncertainties have led to a strong rebound in gold prices \nwith positive implications for Ghana’s external sector position. \n \nOn the domestic front, the economy continues to demonstrate strong growth, driven \nlargely by the services and agriculture sectors. The latest release from the Ghana \nStatistical Service for the second quarter of 2025 shows the economy posting a real \nGDP growth of 6.3 percent compared with 5.7 percent recorded in the same quarter \nof 2024. Excluding oil, GDP grew at a much faster pace by 7.8 percent relative to 5.7 \npercent over the same comparative period. The services sector grew by 9.9 percent, \nwhile the agriculture sector expanded by 5.2 percent. \n \nThe Bank’s high frequency indicators continue to point to sustained momentum in \neconomic activity. The Composite Index of Economic Activity (CIEA) recorded an \nannual growth of 6.1 percent in July 2025 compared to 1.9 percent in July 2024, on \nthe back of international trade activities, consumption, and industrial production. The \nlatest confidence surveys conducted in August 2025 also reflected sustained \nimprovement in sentiments. Consumer confidence remained strong, despite some \nsoftening of the index, while business confidence further picked up as firms met their \nshort-term targets and expressed optimism about company and industry prospects. \nSimilarly, Ghana’s Purchasing Managers’ Index (PMI) went up in August, signalling \nincrease in new orders as business conditions improved. \n \n \n2 \n \nPUBLIC \nInflation continues to ease and has been broad-based. Headline inflation declined \nfurther to 11.5 percent in August 2025, down from 12.1 percent in July, the lowest \nreading in four years. The sustained decline in inflation for eight consecutive months \nwas largely driven by a combination of factors, including the prudent monetary policy \nstance, strong liquidity management, appreciation of the cedi, fiscal consolidation, and \nimproved food supply. The Bank’s main core inflation measure, which excludes energy \nand utility items, also declined, reflecting continued easing of underlying inflationary \npressures. Similarly, inflation expectations among consumers, businesses, and the \nbanking sector all eased, affirming the disinflation process going forward. \n \nInterest rates are declining on the money market in response to the recent cut in the \nmonetary policy rate. Yields on the money market instruments have declined \nsignificantly and the average lending rates are gradually easing, which should lower \nthe cost of credit in the near-term. The interest equivalent of the 91-day treasury bill \ninstrument eased from 13.4 percent at the end of July 2025 to 10.3 percent at the end \nof August 2025. The average lending rate over the same period went down from 26.6 \npercent to 24.2 percent. \n \nFiscal policy implementation in the year to July 2025 reflected strong consolidation \nefforts underpinned by tight expenditure controls, although revenues fell short of \ntarget. Consequently, the overall fiscal deficit on commitment basis was 1.1 percent \nof GDP, outperforming the target deficit of 2.1 percent of GDP. Also, the fiscal anchor, \nthat is, the primary balance on commitment basis, recorded a surplus of 1.0 percent \nof GDP, reflecting a better outturn than the targeted surplus of 0.5 percent of GDP. \nThe deficit was largely financed from domestic sources. At end-July 2025, the total \npublic debt stood at 44.9 percent of GDP down from 61.8 percent of GDP at end-\nDecember 2024. \n \nThe banking sector recorded strong performance over the first eight months, with \ncontinued asset growth and improved profitability, asset quality, and efficiency \nindicators. The industry’s Capital Adequacy Ratio (CAR), without regulatory reliefs, \nincreased to 17.7 percent in August 2025, from 10.2 percent in August 2024. The \nindustry’s Non-performing Loan (NPL) ratio improved to 20.8 percent compared to \n24.8 percent last year, due to growth in bank credit and contraction in NPL stock. This \nnotwithstanding, elevated credit risk remains a major concern. In the outlook, \nadherence to the recapitalisation plans and full implementation of the Bank’s \nregulatory guidelines to lower NPLs will further enhance resilience of the banking \nsector. \n \nThe external sector strengthened in the first eight months of 2025, with a significant \ntrade surplus of US$6.2 billion, compared to US$2.1 billion recorded during the same \nperiod in 2024. This was driven by a sharp increase in exports earnings, mainly gold \nand cocoa, which far outpaced import growth. The reserve position remained strong \nwith Gross International Reserves at US$10.7 billion (4.5 months of import cover) as \nat end August 2025, compared with US$8.98 billion (4.0 months of import cover) at \nend-December 2024. In the outlook, the external sector is projected to broadly remain \nresilient, anchored on favourable commodity prices and improvement in remittance \ninflows. \n \n \n3 \n \nPUBLIC \nOn the back of the strong external sector performance and increased reserve \naccumulation, the cedi strengthened against the major trading currencies in the year \nto July 2025. Subsequently, the cedi came under some demand pressure, bringing the \ncumulative appreciation through 12 September 2025 to 21.0 percent against the US \ndollar. The cedi remains among the strongest currencies globally year-to-date, \nreflecting \nprudent \nmonetary \npolicy, \neffective \nliquidity \nmanagement, \nfiscal \nconsolidation, and increased foreign exchange inflows. \nGiven the current state of macroeconomic conditions, the view of the Committee was \nthat inflation will continue to ease in the near term. In the outlook, headline inflation is \nexpected to drop to within the medium-term target of 8 ± 2 percent by the end of the \nfourth quarter. However, the possible upward review of utility tariffs could exert some \nprice pressures in the medium term. Notwithstanding this, maintenance of an \nappropriate monetary policy stance, strong sterilisation efforts, ongoing fiscal \nconsolidation, and adequate reserve buffers should sustain the disinflation process. \nGiven these considerations, the Committee, by a majority decision, voted to lower the \nMonetary Policy Rate by 350 basis points to 21.5 percent. The Committee will continue \nto monitor macroeconomic developments and take the appropriate policy decision as \nand when necessary to reinforce the disinflation process. \nAdditional Measure \nThe Net Open Position Limits for banks have been adjusted as follows: \n• Single currency NOP limit is revised from ± 5 percent to between 0 percent \nand –10 percent, effective 1 October 2025. \n \nEND. \n \nInformational Note \nThe next Monetary Policy Committee (MPC) meeting is scheduled for 17 November \n2025. The meeting will conclude on 19 November 2025, with the announcement of the \npolicy decision.", "source": "BOG", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/MPC-Press-Release-September-2025-.pdf"}

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+{"doc_id": "281e1c4f19b70ae2d7ef04c2d58a6015", "text": "MONTHLY ECONOMIC REVIEW \nMARCH 2013 \nSelected Economic Indicators \n2 \nStock Market Developments \n3 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \n \n \nMonetary Developments \n4 \nINSIDE THIS ISSUE: \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2013 \nFebruary \n2013 \nMarch \nZ.S.E. Mining Index1 \n72.01 \n66.21 \nZ.S.E. Industrial Index1 \n182.64 \n183.88 \nMoney Supply (Total Bank Deposits) (US$)2 \n3.81 billion \n3.80 billion \nMoney Supply (M3) Annual Growth2 \n12.91% \n10.47% \nYearly Inflation3 \n2.98% \n2.76% \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 ZIMSTAT \n \n \n \nSTOCK MARKET DEVELOPMENTS \n \nActivity on the stock market during the \nmonth of March 2013, somewhat lost impe-\ntus due to investors’ profit taking after the \nrally experienced at the beginning of the \nyear . \n \nTrading volumes in March 2013, however, \nrose by 39.4%, from 165.8 million shares in \nthe previous month to 231.1 million shares. \nOver the same period last year, trading vol-\numes were recorded at 190.4 million shares, \nrepresenting a 21.4% increase on a year-on-\nyear basis. \n \nMarket turnover, however, declined to \nUS$37.8 million in March, from US$46 mil-\nlion in February 2013. The decline partly re-\nflects that trading was concentrated on low \nvalue counters. On an annual basis, how-\never, market turnover registered a growth of \n17.4%, from US$33.2 million in March \n2012. \n \nThe industrial index maintained an upward \ntrend, gaining 0.7% to close the month of \nMarch 2013 at 183.88 points. On a year-to-\ndate basis, the industrial index gained 21.5%. \n \nThe mining index continued on a downward \ntrend, on the back of thin trading volumes in \nmining counters. The mining index closed \nthe month under review 8.1% lower, at 66.21 \npoints. On a year-to-date basis, the mining \nindex shed 0.1%. \n \nTotal market capitalization declined by \n0.5%, from US$4.75 billion in February to \n \n2 3 \n60\n80\n100\n120\n140\n160\n180\n200\n03-Jan-12\n03-Feb-12\n03-Mar-12\n03-Apr-12\n03-May-12\n03-Jun-12\n03-Jul-12\n03-Aug-12\n03-Sep-12\n03-Oct-12\n03-Nov-12\n03-Dec-12\n03-Jan-13\n03-Feb-13\n03-Mar-13\nZSE Indices\nIndustrial\nMining\n \n2 4 \nUS$4.73 billion in March 2013. On a year-to\n-date basis, market capitalization, however, \nregistered a gain of 20%. \n \nMONETARY DEVELOPMENTS \n \nAnnual growth in broad money supply fur-\nther declined to 10.47% in March 2013, from \n12.91% in February. In absolute terms, broad \nmoney declined from US$3.8 billion in Feb-\nruary to US$3.79 billion in March 2013. The \nmonthly decline of 0.4% was largely due to a \ndecline in commercial banks’ deposits . \nOver the same period, commercial banks’ \ndeposits with a maturity greater than 30 \ndays, also declined by US$48.1 million. \n \nThe decline in deposits was underpinned by \ndeposit maturities which were not rolled \nover, but instead were withdrawn from the \nbanking system. These declines further \nworsened the critical liquidity situation in \nthe economy. \nDeposits held by banks largely emanated \nfrom utilities and local authorities, 20.4%; \nfinancial organizations, 18.4%; households \n(individuals), 18%; and distribution, 9.3%. \n \nCommercial banks' demand deposits, which \nhave been on a declining path in 2013, fur-\nther decreased between February and March \nby US$14.8 million, to US$1 965 million. \n \n3 5 \nOutstanding credit to the private sector \namounted to US$3 620.4 million, from \nUS$3 574.9 million recorded in February \n2013. The growth in credit to the private \nsector was mainly explained by a 1.6% \nmonthly rise in loans and advances. \n \nFollowing a sustained decline in the deposit \nbase, annual growth in domestic credit also \ncontinued on a downward trend, decelerat-\ning from 34.2% in February to 28.1% in \nMarch 2013. On a month-on-month basis, \ngrowth in domestic credit registered a 1.8% \nincrease, from 0.1% in the previous month. \nLoans and advances increased largely due to \ndemand for credit in manufacturing (17.5%), \nagriculture (17.3%), and distribution (15.9%) \nactivities. Households accounted for 17.5% of \ntotal \nloans \nand \nadvances \nto \nthe private sector. \n \nCredit to the private sector was mainly util-\nized for other asset purchases (39.7%) as well \nas inventory build-up (37.4%). Loans and ad-\nvances utilized for fixed investment activity \nhave remained low, with the procurement of \nplant and equipment accounting for 3% and \npre and post shipment financing at 2.3%, of \ntotal loans and advances. \n \nNet credit to Government registered an in-\ncrease of 11.4% between February and March \n2013. This was largely due to issuance of \nUS$40 \nmillion \nworth \nof \n365-day Treasury Bills, at an interest rate of \n7%. \n \n \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nAnnual headline inflation decelerated to \n2.76% in March 2013, compared to 2.98% in \nFebruary 2013, weighed down by declines in \nboth food and non-food inflation. \nLoans and \nAdvances\n85%\nBills \nDiscounte\nd\n3%\nBankers \nAcceptanc\nes\n2%\nMortgages\n8%\nOther \nInvestment\ns\n2%\nCredit to Private Sector\nTotal credit to the private sector as at the \nend of March 2013 were US$3 620.4 million.\n4 \n \n6 \nAnnual food inflation slowed down to 4.18% \nin March, from 4.67% in February 2013, \nwhile non-food inflation declined from \n2.19% to 2.04% during the same period. \nFood inflation was largely driven by increases \nin prices of bread and cereals, meat, fish and \nvegetables, while annual non-food inflation \nwas underpinned by increases in rentals, \ntransport, education, alcoholic beverages and \ntobacco. \nWhilst increases in rentals have slowed down \nsince January 2013, they continued to be the \nmajor driver of annual non-food inflation \nparticularly in the housing, water, electricity, \ngas and other fuels category. \nThe increase in transport inflation was driven \nby the cost of spare parts, lubricants and ac-\ncessories for personal transport. \nMonth-on-Month Inflation \n \nMonth-on-month inflation stood at 0.21% in \nMarch 2013, down from 0.95% in February \n2013, reflecting the slowdown in the prices \nof both food and non-food items. \nMonthly food inflation fell to 0.32% in \nMarch, from 1.40% in February 2013, \nweighed down by declines in prices of meat, \nmineral waters, soft drinks, fruit and vegeta-\nble juices, fish and sea food. \nThe monthly food inflation was largely ex-\nplained by increases in prices of bread and \ncereals, vegetables, fruits and oils and fats. \nMonthly non-food inflation eased to 0.15% \nin March 2013, from 0.72% in February \n2013, following declines in communication, \neducation, health, restaurants and hotel ser-\nvices. \nIncreases in passenger transport fares, prices \nof furniture and equipment, as well as alco-\nholic beverages and tobacco, largely drove \nmonthly non-food inflation. \n7 \n \nInflation Outlook \nIn the short-term, food inflation is, however, \nexpected to decelerate on account of the an-\nticipated increase in supply during harvesting \nperiod. \nThe general decline in international oil prices \nsince February 2013, if sustained, is antici-\npated to reduce the price of fuel in the do-\nmestic economy. This would generally re-\nlease pressure on inflation, in the outlook \nperiod. \n \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \n \nDuring the month of February 2013, there \nwas a significant decrease in the RTGS trans-\nactions in value terms. Other payment plat-\nforms registered mixed developments. \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through \nthe RTGS system in March 2013 increased \nby 13% to US$3.33 billion, from US$2.97 \nbillion in February 2013, while the volume \nof transactions registered an increase of 4%, \nfrom 172 thousand to 179 thousand in the \nsame period. \n \nCard Systems \n \n \nThe total value of card based transactions \nrose by 19.9%, from US$260.5 million in \nFebruary to US$312.4 million in March 2013. \n \nMobile and Internet Based Transactions \n \nThe total value of mobile and internet based \ntransactions further decreased by 35.5%, from \nUS$199.3 million recorded in February 2013, \nto US$128.5 million in March 2013. \nCheques \n \nThe total value of cheque transactions in-\ncreased by 176.4%, from US$5.5 million in \nFebruary 2013 to US$15.2 million in March \n2013. \n Reserve Bank of Zimbabwe \nApril 2013 \n8 \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n35 \n \n10 \n11 \nTABLE 1.1 : MONETARY AGGREGATES \n US$ Thousands \n \n2012 \n2013 \n \nMarch \nApril \nMay \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nRBZ Demand Deposits \n83.1 \n82.9 \n78.6 \n79.7 \n80.1 \n80.9 \n82.1 \n80.7 \n79.6 \n80.8 \n78.6 \n78.3 \n77.3 \nComm. Banks Dem. Deposits \n1,855,658.6 \n1,833,486.4 \n1,804,232.7 \n1,815,912.3 \n1,875,149.3 \n1,826,752.4 \n1,869,138.7 \n1,894,495.7 \n1,804,260.4 \n1,981,218.7 \n1,924,517.4 \n1,875,465.4 \n1,860,664.0 \nMerchant Banks Dem. Deposits \n70,044.4 \n89,097.4 \n84,715.0 \n136,052.5 \n110,779.0 \n106,955.1 \n102,471.0 \n112,805.6 \n105,260.2 \n108,094.7 \n106,935.2 \n102,797.7 \n104,281.4 \nM1 \n1,925,786.0 \n1,922,666.7 \n1,889,026.3 \n1,952,044.5 \n1,986,008.4 \n1,933,788.4 \n1,971,691.8 \n2,017,382.0 \n1,909,600.2 \n2,089,394.2 \n2,031,531.2 \n1,978,341.4 \n1,965,022.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks Savings Deposits \n154,142.3 \n167,459.3 \n161,039.2 \n160,170.3 \n162,953.0 \n171,279.3 \n189,287.9 \n182,029.0 \n288,914.0 \n253,471.9 \n193,007.6 \n192,683.5 \n201,459.2 \nBuilding Soc. Savings Deposits \n131,003.7 \n133,025.2 \n156,772.0 \n171,972.6 \n168,562.6 \n171,825.0 \n176,983.1 \n164,699.0 \n163,276.1 \n180,152.6 \n159,093.7 \n168,605.4 \n168,484.1 \nP O S B Savings Deposits \n48,916.5 \n46,057.1 \n49,423.7 \n50,001.8 \n51,631.2 \n51,322.2 \n51,747.0 \n50,457.0 \n55,822.7 \n54,893.7 \n55,832.5 \n56,274.2 \n57,860.7 \nComm. Banks U-30 Day Deposits \n471,171.9 \n522,894.7 \n622,619.0 \n706,497.8 \n668,743.8 \n716,241.3 \n648,981.9 \n781,995.1 \n593,873.6 \n613,008.0 \n632,215.7 \n708,500.6 \n734,849.5 \nMerchant Banks U-30 Day Deposits \n126,730.8 \n116,172.0 \n100,355.4 \n91,241.5 \n36,431.8 \n39,907.3 \n60,358.5 \n35,887.6 \n69,265.1 \n67,930.5 \n91,671.2 \n65,975.9 \n62,324.3 \nBuilding Soc. U- 30 Day Deposits \n51,100.0 \n72,310.0 \n77,364.4 \n70,088.7 \n53,684.5 \n59,216.0 \n70,300.4 \n98,536.7 \n73,514.3 \n65,572.4 \n60,885.9 \n77,091.9 \n82,098.1 \nM2 \n2,908,851.1 \n2,980,584.0 \n3,056,599.9 \n3,202,017.2 \n3,128,015.2 \n3,143,579.4 \n3,169,350.6 \n3,320,987.1 \n3,154,266.0 \n3,324,423.3 \n3,224,237.8 \n3,247,472.9 \n3,272,098.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks O-30 Day Deposits \n314,416.2 \n289,006.7 \n347,816.0 \n228,931.5 \n327,819.8 \n192,982.4 \n311,167.7 \n235,566.9 \n424,351.9 \n314,380.7 \n351,356.6 \n297,613.9 \n249,558.5 \nMerchant Banks O-30 Day Deposits \n47,602.1 \n41,942.5 \n66,248.4 \n31,257.6 \n65,758.0 \n64,463.7 \n56,445.3 \n60,561...8 \n46,439.3 \n44,191.4 \n21,339.0 \n55,714.0 \n52,841.7 \nBuilding Soc. O- 30 Day Deposits \n152,203.5 \n125,863.2 \n93,384.4 \n109,663.7 \n156,055.2 \n170,113.2 \n172,761.3 \n165,382.5 \n179,493.1 \n184,561.2 \n192,823.3 \n194,226.7 \n203,912.9 \nBuilding Soc. Class C Deposits \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n \n \n \n \n \n \n0.0 \nBuilding Soc. Other Share Deposits \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n11,266.6 \nP O S B Time Deposits \n5,404.1 \n6,217.4 \n5,995.0 \n8,259.1 \n9,770.5 \n8,018.0 \n8,316.8 \n11,324.0 \n9,964.9 \n8,973.9 \n8,497.2 \n8,447.9 \n8,845.8 \nM3 \n3,438,618.5 \n3,453,755.3 \n3,580,185.4 \n3,590,270.7 \n3,697,560.4 \n3,589,298.3 \n3,728,183.4 \n3,813,963.8 \n3,824,656.8 \n3,886,672.1 \n3,808,395.5 \n3,813,616.9 \n3,798,524.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n12 \nTABLE 1.2 : BROAD MONEY SURVEY \n US$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \nAPRIL \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-358613.1 \n-330,975.30 \n-372,096.90 \n-375,252.50 \n-366,349.80 \n-459,138.70 \n-447,672.70 \n-417,840.40 \n-340,899.70 \n-435,528.80 \n-485,643.40 \n-478,669.10 \n \n Assets \n1,016,963.80 \n1,049,371.80 \n1,014,946.00 \n1,008,028.90 \n1,010,995.60 \n918,272.00 \n952,305.80 \n964,367.00 \n1,063,411.00 \n1,089,808.50 \n994,812.70 \n988,575.61 \n \n Reserve Bank (RBZ) \n487,204.70 \n510,111.80 \n456,394.50 \n439,248.40 \n443,530.60 \n392,913.30 \n431,019.90 \n402,814.90 \n385,911.70 \n447,988.80 \n454,346.10 \n421,879.25 \n \n Deposit Money Banks (DMBs) \n508,239.40 \n514,286.00 \n531,555.60 \n547,519.30 \n543,103.30 \n497,720.10 \n490,916.00 \n527,291.20 \n635,377.30 \n599,274.60 \n507,151.40 \n529,296.47 \n \n Other Banking Institutions \n(OBIs) \\1 \n21,519.70 \n24,974.00 \n26,996.00 \n21,261.20 \n24,361.70 \n27,638.60 \n30,369.90 \n34,260.90 \n42,122.10 \n42,545.10 \n33,315.20 \n37,399.89 \n \n Liabilities \\2 \n-1,375,576.80 \n-1,380,347.10 \n-1,387,042.90 \n-1,383,281.50 \n-1,377,345.40 \n-1,377,410.80 \n-1,399,978.50 \n-1,382,207.30 \n-1,404,310.70 \n-1,525,337.30 \n-1,480,456.00 \n-1,467,244.71 \n \n RBZ \n1,158,462.90 \n1,157,868.10 \n1,144,411.30 \n1,145,150.60 \n1,142,322.10 \n1,144,176.70 \n1,149,650.90 \n1,147,233.00 \n1,147,319.70 \n1,149,161.20 \n1,149,023.60 \n1,141,623.47 \n \n DMBs \n196,138.80 \n200,681.00 \n220,947.20 \n216,314.50 \n217,204.30 \n216,220.20 \n233,273.50 \n211,042.10 \n233,317.40 \n352,118.40 \n311,214.10 \n303,476.08 \n \n OBIs \n20,975.10 \n21,798.00 \n21,684.40 \n21,816.30 \n17,818.90 \n17,013.80 \n17,054.10 \n23,932.20 \n23,673.70 \n24,057.80 \n20,218.40 \n22,145.17 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \n3,797,231.60 \n3,784,730.50 \n3,952,282.30 \n3,965,523.20 \n4,063,910.10 \n4,048,437.10 \n4,175,856.10 \n4,231,804.20 \n4,165,556.50 \n4,322,201.00 \n4,294,038.70 \n4,292,286.03 \n \nDOMESTIC CREDIT \n3,002,168.00 \n3,022,182.40 \n3,139,957.20 \n3,227,332.40 \n3,362,641.70 \n3,396,416.20 \n3,469,968.40 \n3,502,649.80 \n3,620,952.20 \n3,788,468.50 \n3,777,967.90 \n3,781,756.54 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n89,582.80 \n88,583.80 \n78,536.20 \n82,193.20 \n79,337.50 \n73,155.70 \n73,214.80 \n80,219.70 \n80,710.40 \n176,058.40 \n166,842.30 \n153,163.97 \n \n RBZ \n-1,761.70 \n-1,718.70 \n-1,733.00 \n-2,106.20 \n-1,522.60 \n-1,502.40 \n-1,514.60 \n-11,344.70 \n-11,034.80 \n-11,097.80 \n-1,225.80 \n-1,192.38 \n \n DMBs \n91,344.50 \n90,099.00 \n80,045.40 \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,122.73 \n \n OBIs \n0 \n203.6 \n223.8 \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.63 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Public Enterprises \n29,969.40 \n31,445.00 \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n DMBs \n29,969.40 \n31,445.00 \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n \n Agri-PEs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n Other \n29,969.40 \n31,445.00 \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Private Sector \n2,882,615.80 \n2,902,153.60 \n3,029,628.50 \n3,095,827.90 \n3,233,688.50 \n3,273,970.70 \n3,350,693.00 \n3,372,788.70 \n3,488,777.20 \n3,560,693.20 \n3,558,864.50 \n3,574,884.08 \n \n RBZ \n47,708.00 \n44,103.00 \n47,176.70 \n43,759.20 \n38,792.30 \n41,323.60 \n42,548.20 \n42,122.00 \n41,521.50 \n40,636.30 \n41,014.10 \n41,015.10 \n \n DMBs \n2,484,151.40 \n2,513,158.60 \n2,622,165.20 \n2,663,738.30 \n2,797,404.90 \n2,823,945.60 \n2,897,885.30 \n2,890,646.50 \n2,996,259.40 \n3,065,153.80 \n3,057,321.20 \n3,065,133.69 \n \n OBIs \n350,756.40 \n344,891.90 \n360,286.50 \n388,330.30 \n397,491.40 \n408,701.50 \n410,259.50 \n440,020.20 \n450,996.30 \n454,903.20 \n460,529.20 \n468,735.29 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n795,063.60 \n762,548.20 \n812,325.10 \n738,190.80 \n701,268.40 \n652,020.90 \n705,887.60 \n729,154.40 \n544,604.30 \n533,732.40 \n516,070.80 \n510,529.50 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n3,438,618.50 \n3,453,755.20 \n3,580,185.40 \n3,590,270.70 \n3,697,560.40 \n3,589,298.30 \n3,728,183.40 \n3,813,963.80 \n3,824,656.80 \n3,886,672.10 \n3,808,395.40 \n3,813,616.93 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n \n-627,094.50 \n867,399.60 \n367,092.80 \n469,834.90 \n30,471.90 \n-1,494,494.10 \n1,135,073.40 \n337,091.10 \n22,329.60 \n \n4,425,618.60 \n3,845,110.10 \n \n170,638.10 \n-1,179.60 \n151,543.00 \n20,274.70 \n \n54,091.40 \n0 \n54,091.40 \n0 \n3,620,380.60 \n0 \n \n3,620,380.60 \n41,041.10 \n3,111,948.80 \n467,417.70 \n \n580,508.50 \n \n3,798,524.10 \n \n \n13 \nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3) \n US$ Thousands \n1. Finance houses, building societies and P. O. S. B. \n2. Sign reversal. \n3. Net Domestic Assets consist of domestic credit and other items net. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \nAPRIL \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-288,706.50 \n27,637.80 \n-41,121.60 \n-3,155.70 \n8,902.80 \n-92,789.00 \n11,466.10 \n29,832.30 \n76,940.70 \n-94,629.10 \n-50,114.50 \n6,974.25 \n-148,425.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Assets \n-293,376.60 \n32,408.00 \n-34,425.80 \n-6,917.10 \n2,966.70 \n-92,723.60 \n34,033.80 \n12,061.10 \n99,044.00 \n26,397.50 \n-94,995.80 \n-6,237.07 \n-121,176.0 \n Reserve Bank (RBZ) \n-63,762.50 \n22,907.10 \n-53,717.30 \n-17,146.10 \n4,282.20 \n-50,617.30 \n38,106.70 \n-28,205.00 \n-16,903.20 \n62,077.10 \n6,357.30 \n-32,466.80 \n-54,786.5 \n Deposit Money Banks (DMBs) \n-228,727.20 \n6,046.70 \n17,269.50 \n15,963.80 \n-4,416.00 \n-45,383.20 \n-6,804.10 \n36,375.10 \n108,086.10 \n-36,102.60 \n-92,123.20 \n22,145.09 \n-59,461.6 \n Other Banking Institutions (OBIs) \n\\1 \n-886.8 \n3,454.30 \n2,022.00 \n-5,734.70 \n3,100.50 \n3,276.90 \n2,731.30 \n3,891.00 \n7,861.20 \n423 \n-9,229.80 \n4,084.65 \n-6,928.0 \n Liabilities \\2 \n4,670.10 \n-4,770.30 \n-6,695.80 \n3,761.40 \n5,936.10 \n-65.4 \n-22,567.70 \n17,771.10 \n-22,103.40 \n-121,026.60 \n44,881.30 \n13,211.32 \n-27,249.4 \n RBZ \n-3,172.80 \n-594.8 \n-13,456.80 \n739.3 \n-2,828.50 \n1,854.60 \n5,474.20 \n-2,417.90 \n86.7 \n1,841.50 \n-137.6 \n-7,400.09 \n-6,550.1 \n DMBs \n-1,674.40 \n4,542.10 \n20,266.20 \n-4,632.70 \n889.8 \n-984.1 \n17,053.30 \n-22,231.40 \n22,275.20 \n118,801.00 \n-40,904.20 \n-7,738.03 \n33,615.1 \n OBIs \n177 \n823 \n-113.7 \n131.9 \n-3,997.50 \n-805.1 \n40.3 \n6,878.20 \n-258.6 \n384.1 \n-3,839.40 \n1,926.80 \n184.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \\3 \n349,757.30 \n-12,501.00 \n167,551.70 \n13,240.90 \n98,386.90 \n-15,473.10 \n127,419.00 \n55,948.10 \n-66,247.70 \n156,644.50 \n-28,162.20 \n-1,752.72 \n133,332.6 \nDOMESTIC CREDIT \n183,729.40 \n20,014.40 \n117,774.80 \n87,375.20 \n135,309.30 \n33,774.50 \n73,552.20 \n32,681.40 \n118,302.40 \n167,516.40 \n-10,500.60 \n3,788.59 \n63,353.6 \n Claims on Government (net) \n91,338.80 \n-999 \n-10,047.60 \n3,657.00 \n-2,855.70 \n-6,181.90 \n59.1 \n7,004.90 \n490.8 \n95,348.00 \n-9,216.10 \n-13,678.34 \n17,474.1 \n RBZ \n-6.7 \n43 \n-14.3 \n-373.2 \n583.5 \n20.3 \n-12.2 \n-9,830.10 \n309.9 \n-63 \n9,872.00 \n33.43 \n12.8 \n DMBs \n91,345.50 \n-1,245.50 \n-10,053.60 \n4,050.40 \n-3,235.60 \n-6,202.10 \n71.3 \n15,601.40 \n180.9 \n95,410.90 \n-18,088.00 \n-13,711.77 \n-2,579.8 \n OBIs \n0 \n203.6 \n20.2 \n-20.2 \n-203.6 \n0 \n0 \n1,233.60 \n0 \n0 \n-1,000.00 \n0.0 \n20,041.1 \n Claims on Public Enterpris \n-14,074.10 \n1,475.60 \n347.5 \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n1,823.10 \n252.4 \n544.3 \n1,447.33 \n382.9 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n DMBs \n-14,074.10 \n1,475.60 \n347.5 \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n18231 \n252.4 \n544.3 \n1,447.33 \n382.9 \n Agri-PEs \n-1 \n-1 \n0 \n0 \n0 \n-4,771.80 \n-4,772.80 \n-4,773.80 \n-4,774.80 \n0 \n0 \n0 \n0 \n Other \n-14,073.10 \n1,476.60 \n347.5 \n17,518.80 \n304.3 \n4,446.00 \n1,543.70 \n8,354.50 \n6,597.90 \n252.4 \n544.3 \n1,447.33 \n382.9 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n Claims on Private Sector \n106,464.70 \n19,537.70 \n127,474.90 \n66,199.40 \n137,860.60 \n40,282.20 \n76,722.30 \n22,095.70 \n115,988.50 \n71,916.00 \n-1,828.70 \n16,019.59 \n45,496.5 \n RBZ \n-695.2 \n-3,605.00 \n3,073.70 \n-3,417.50 \n-4,967.00 \n2,531.30 \n1,224.60 \n-426.2 \n-600.5 \n-885.3 \n377.8 \n1.0 \n-1.0 \n DMBs \n106,314.00 \n29,007.30 \n109,006.50 \n41,573.10 \n133,666.60 \n26,540.70 \n73,939.70 \n-7,238.70 \n105,612.90 \n68,894.30 \n-7,832.60 \n7,812.52 \n46,815.1 \n OBIs \n845.9 \n-5,864.50 \n15,394.60 \n28,043.80 \n9,161.00 \n11,210.10 \n1,558.00 \n29,760.70 \n10,976.10 \n3,906.90 \n5,626.00 \n8,206.07 \n-1,317.5 \nOTHER ITEMS (NET) \n166,027.90 \n-32,515.40 \n49,777.00 \n-74,134.30 \n-36,922.40 \n-49,247.60 \n53,866.80 \n23,266.70 \n-184,550.10 \n-10,871.90 \n-17,661.60 \n-5,541.30 \n69,979.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n61,050.80 \n15,136.70 \n126,430.10 \n10,085.30 \n107,289.70 \n-108,262.00 \n138,885.10 \n85,780.40 \n10,692.90 \n62,015.40 \n-78,276.70 \n5,221.54 \n-15,092.8 \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n1.80% \n0.40% \n3.70% \n0.30% \n3.00% \n-2.90% \n3.90% \n2.30% \n0.30% \n1.60% \n-2.00% \n0.14% \n-0.4% \n Domestic Credit \n6.50% \n0.70% \n3.90% \n2.80% \n4.20% \n1.00% \n2.20% \n0.90% \n3.40% \n4.60% \n-0.30% \n0.10% \n1.7% \n Claims on Private Sector \n3.80% \n0.70% \n4.40% \n2.20% \n4.50% \n1.20% \n2.30% \n0.70% \n3.40% \n2.10% \n-0.10% \n0.45% \n1.3% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \nMARCH \nAPRIL \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n150,031.80 \n-107,880.30 \n-27,421.40 \n-103,677.30 \n-202,674.90 \n-89,936.30 \n-190,761.00 \n-131,411.50 \n-100,210.80 \n-19,830.80 \n-139,041.90 \n-211,017.80 \n-408,762.52 \n Assets \n231,987.30 \n-32,780.10 \n63,059.10 \n4,008.90 \n-129,754.20 \n-42,038.00 \n-142,367.40 \n-71,725.60 \n-81,928.20 \n36,818.40 \n33,821.10 \n-99,644.30 \n-321,764.74 \n Reserve Bank (RBZ) \n74,172.50 \n42,857.60 \n83,610.00 \n20,800.00 \n-95,804.20 \n-5,809.40 \n-77,953.30 \n-5,234.10 \n-34,371.40 \n-34,330.10 \n33,849.90 \n23,562.10 \n-129,087.95 \n Deposit Money Banks (DMBs) \n145,135.60 \n-86,779.10 \n-38,349.10 \n-41,001.10 \n-41,235.80 \n10,917.80 \n-76,767.00 \n-84,133.70 \n-68,113.20 \n53,083.10 \n-22,552.60 \n-134,496.90 \n-207,670.13 \n Other Banking Institutions (OBIs) \n\\1 \n12,679.20 \n11,141.50 \n17,798.20 \n24,210.00 \n7,285.80 \n10,917.80 \n12,352.80 \n17,642.10 \n20,556.40 \n18,065.40 \n22,523.80 \n11,290.50 \n14,993.34 \n Liabilities \\2 \n-81,955.40 \n-75,100.20 \n-90,480.50 \n-107,686.20 \n-72,920.70 \n-47,898.30 \n-48,393.50 \n-59,685.90 \n-18,282.60 \n-56,649.10 \n-172,863.00 \n-111,373.40 \n-86,997.79 \n RBZ \n-2,136.70 \n-10,095.40 \n-14,778.20 \n-22,208.00 \n-23,594.10 \n-28,246.40 \n-27,498.90 \n-21,730.40 \n-33,783.90 \n-20,811.30 \n-2,908.60 \n-9,155.50 \n-20,012.20 \n DMBs \n63,294.00 \n64,220.60 \n83,460.60 \n108,209.80 \n74,698.50 \n78,373.30 \n79,089.80 \n89,568.80 \n53,504.60 \n79,315.30 \n177,406.00 \n121,978.00 \n105,662.89 \n OBIs \n20,798.10 \n20,975.10 \n21,798.00 \n21,684.40 \n21,816.30 \n-2,228.60 \n-3,197.30 \n-8,152.60 \n-1,438.00 \n-1,854.90 \n-1,634.40 \n-1,449.10 \n1,347.09 \nNET DOMESTIC ASSETS \\3 \n769,411.20 \n968,318.40 \n879,760.10 \n950,213.50 \n893,222.20 \n880,494.10 \n827,621.50 \n830,303.80 \n860,964.80 \n755,911.50 \n925,312.70 \n874,388.80 \n844,811.73 \nDOMESTIC CREDIT \n908,726.40 \n985,554.80 \n901,624.20 \n892,017.10 \n842,025.30 \n864,860.40 \n822,357.30 \n802,510.00 \n795,755.70 \n873,159.50 \n990,341.70 \n986,989.40 \n963,317.91 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n482.6 \n91,868.60 \n91,058.50 \n80,446.20 \n84,027.80 \n81,808.40 \n75,191.50 \n74,845.90 \n82,122.60 \n82,338.10 \n177,893.20 \n168,720.90 \n154,919.99 \n DMBs \n-295.3 \n91,139.30 \n90,099.00 \n80,045.40 \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,123.73 \n OBIs \n0 \n0 \n203.6 \n223.8 \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.625 \n Claims on Public Enterprises \n20,429.30 \n4,194.40 \n5,024.70 \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n DMBs \n20,429.30 \n4,194.40 \n5,024.70 \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n Agri-PEs \n-2,338.30 \n-2,339.30 \n-252.3 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n Other \n22,767.60 \n6,533.70 \n5,277.00 \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,793.40 \n7,557.90 \n9,665.95 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n Claims on Private Sector \n887,814.40 \n889,491.80 \n805,541.00 \n809,247.00 \n748,477.10 \n777,751.70 \n739,886.00 \n730,843.70 \n713,583.30 \n781,394.30 \n805,656.00 \n810,710.60 \n798,732.97 \n RBZ \n12,750.00 \n10,669.40 \n7,991.30 \n10,864.80 \n3,313.70 \n665 \n1,765.10 \n-9,455.10 \n-9,387.20 \n-3,975.50 \n-3,903.10 \n-5,788.80 \n-7,388.11 \n DMBs \n678,407.60 \n704,828.20 \n648,551.40 \n654,211.80 \n584,559.50 \n616,003.90 \n597,497.20 \n617,287.40 \n574,157.10 \n654,515.10 \n687,696.60 \n691,818.10 \n687,296.33 \n OBIs \n196,656.80 \n173,994.20 \n148,998.40 \n144,170.40 \n160,603.90 \n161,082.90 \n140,623.70 \n123,011.40 \n148,813.50 \n130,854.70 \n121,862.50 \n124,681.30 \n118,824.75 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n-139,315.20 \n-17,236.40 \n-21,864.10 \n58,196.40 \n51,196.90 \n15,633.70 \n5,264.20 \n27,793.80 \n65,209.10 \n-117,248.00 \n-65,029.00 \n-112,600.70 \n-118,506.18 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n919,443.00 \n860,438.10 \n852,338.70 \n846,536.20 \n690,547.40 \n790,557.90 \n636,860.50 \n698,892.30 \n760,753.90 \n736,080.70 \n786,270.80 \n663,371.00 \n436,049.20 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n37.40% \n33.40% \n32.80% \n31.00% \n23.80% \n27.20% \n21.60% \n23.10% \n24.90% \n23.80% \n25.40% \n21.10% \n12.91% \n Domestic Credit \n47.60% \n48.90% \n42.50% \n39.70% \n35.30% \n34.60% \n31.90% \n30.10% \n29.40% \n31.80% \n35.40% \n35.40% \n34.18% \n Claims on Private Sector \n47.00% \n44.60% \n38.40% \n36.40% \n31.90% \n31.70% \n29.20% \n27.90% \n26.80% \n28.90% \n29.20% \n29.50% \n28.77% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n \n \n-268,481.4 \n-149,564.2 \n-120,111.9 \n-38,404.5 \n8,952.2 \n-118,917.3 \n-23,389.5 \n140,952.3 \n1,354.5 \n628,387.0 \n842,942.1 \n \n81,055.3 \n60,198.4 \n20,274.7 \n24,274.7 \n0.0 \n24,122.0 \n-1.0 \n24,123.0 \n0.0 \n737,764.8 \n-6,693.9 \n627,797.4 \n116,661.3 \n \n-214,555.1 \n \n359,905.6 \n \n \n10.5% \n28.1% \n25.6% \n \n \nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3) \n \n \n \n \n$ Thousands \n \n \n \n \n14 \n15 \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n363,990.9 \n39,589.6 \n27,332.8 \n322,510.1 \n8,749.9 \n74,636.2 \n336,196.7 \n77,655.7 \n198,437.3 \n52,515.7 \n171,956.3 \n1,013.2 \n1,674,584.5 \nFEBRUARY \n352,190.20 \n36,718.69 \n26,551.03 \n284,567.87 \n9,291.08 \n85,886.99 \n336,261.49 \n88,738.25 \n202,845.20 \n53,191.93 \n172,424.01 \n1,567.65 \n1,650,234.17 \nMARCH \n354,440.8 \n37,811.0 \n31,484.9 \n328,381.1 \n8,193.5 \n92,178.6 \n324,375.5 \n108,000.1 \n205,453.7 \n32,088.9 \n174,479.6 \n1,583.8 \n1,698,471.4 \nAPRIL \n341,893.5 \n30,462.0 \n33,633.8 \n358,038.0 \n5,558.5 \n78,498.4 \n334,699.5 \n110,765.7 \n220,956.5 \n26,181.8 \n179,845.8 \n1,355.3 \n1,721,888.8 \nMAY \n375,541.0 \n30,286.7 \n31,158.4 \n350,097.9 \n7,623.4 \n97,695.7 \n327,187.7 \n113,796.7 \n207,041.1 \n28,432.9 \n202,146.6 \n1,738.3 \n1,772,746.5 \nJUNE \n402,314.1 \n30,399.7 \n37,466.6 \n356,842.2 \n7,580.8 \n28,025.9 \n337,059.2 \n130,973.8 \n201,898.0 \n40,295.4 \n219,606.7 \n1,649.8 \n1,794,112.2 \nJULY \n416,536.2 \n26,795.9 \n36,424.2 \n369,410.8 \n8,174.0 \n26,119.1 \n348,484.2 \n136,934.2 \n203,314.6 \n36,869.5 \n249,542.8 \n3,382.6 \n1,861,988.0 \nAUGUST \n422,545.8 \n30,950.3 \n43,395.1 \n390,558.4 \n8,333.0 \n29,323.9 \n348,252.0 \n146,338.5 \n173,945.4 \n55,950.3 \n254,919.8 \n3,523.5 \n1,907,991.4 \nSEPTEMBER \n431,501.7 \n36,637.9 \n38,487.8 \n384,840.8 \n6,828.2 \n37,420.1 \n396,813.5 \n145,657.9 \n219,452.1 \n29,378.2 \n254,248.3 \n5,036.1 \n1,986,302.5 \nOCTOBER \n444,653.7 \n33,583.2 \n34,764.4 \n411,489.2 \n9,551.4 \n29,439.4 \n401,206.1 \n144,223.4 \n230,809.2 \n35,103.6 \n271,795.8 \n6,715.9 \n2,053,335.2 \nNOVEMBER \n444,527.3 \n33,548.0 \n37,207.3 \n428,008.3 \n10,704.6 \n32,236.2 \n417,838.2 \n142,715.0 \n228,088.4 \n36,568.0 \n267,282.0 \n8,055.2 \n2,087,778.7 \nDECEMBER \n444,341.0 \n32,622.8 \n37,353.2 \n428,782.2 \n8,513.2 \n31,513.9 \n414,044.9 \n148,927.9 \n233,864.4 \n33,116.1 \n288,628.5 \n9,370.9 \n2,111,078.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION DISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT INDIVIDUALS CONGLOM-\nERATES \nTOTAL \nEND OF \n \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n35,376.1 \n10,738.7 \n47,937.8 \n17,312.5 \n50,388.0 \n66,466.5 \n39,965.4 \n84,903.2 \n26,657.0 \n71,065.7 \n2,342.2 \n453,153.1 \nFEBRUARY \n34,059.98 \n13,041.24 \n52,903.21 \n13,996.58 \n16,604.58 \n63,567.90 \n54,375.98 \n102,197.29 \n38,026,78 \n79,721.89 \n4,643.07 \n473,138.5 \nMARCH \n39,424.8 \n9 774.0 \n61,447.5 \n17,975.5 \n16,996.3 \n58,655.1 \n41,242.3 \n105,237.4 \n24,714.2 \n78,820.4 \n12,938.4 \n467,225.9 \nAPRIL \n43,485.3 \n10,392.5 \n61,081.2 \n19,067.3 \n19,238.3 \n57,209.2 \n43,704.5 \n106,196.8 \n36,968.1 \n84,346.1 \n4,839.5 \n486,528.7 \nMAY \n78,656.9 \n13,181.3 \n27,476.1 \n12,928.2 \n22,947.0 \n62,231.5 \n79,196.3 \n74,699.3 \n47,191.6 \n115,625.4 \n8,319.3 \n542,453.4 \nJUNE \n99,949.6 \n12,989.0 \n55,552.6 \n15,544.8 \n22,884.4 \n64,832.4 \n58,599.9 \n91,171.3 \n33,744.2 \n125,204.9 \n7,515.8 \n587,988.8 \nJULY \n57,212.2 \n15,008.9 \n28,053.9 \n25,999.1 \n48,343.1 \n66,151.0 \n76,442.2 \n92,251.0 \n46,904.3 \n111,009.8 \n4,461.3 \n571,836.8 \nAUGUST \n49,200.5 \n14,198.6 \n38,216.6 \n26,733.6 \n27,.22.2 \n54,208.9 \n65,862.8 \n65,893.7 \n44,173.3 \n114,603.8 \n7,371.6 \n507,485.6 \nSEPTEMBER \n57,953.8 \n14,365.5 \n37,230.9 \n27,211.1 \n27,365.5 \n54,699.3 \n67,007.8 \n69,196.8 \n43,515.1 \n119,899.9 \n7,225.4 \n525,670.8 \nOCTOBER \n62,501.8 \n15,369.1 \n50,322.8 \n13,991.3 \n43,176.3 \n76,085.7 \n 84,137.4 \n74,481.1 \n36,442.3 \n 159,860.1 \n7,139.6 \n 623,507.5 \nNOVEMBER \n79,498.6 \n17,399.0 \n51,214.2 \n37,028.4 \n41,525.2 \n68,737.1 \n65,831.1 \n81,757.5 \n41,273.6 \n165,811.3 \n8,614.2 \n658,690.2 \nDECEMBER \n69,626.60 \n17,100.57 \n61,871.18 \n35,218.31 \n38,605.14 \n76,364.84 \n79,801.05 \n85,485.21 \n45,026.61 \n166,500.19 \n8,482.65 \n684,082.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n67,517.6 \n16,163.5 \n56,807.8 \n18,616.7 \n58,326.4 \n78,419.6 \n89,890.9 \n106,553.9 \n18,590.6 \n144,497.3 \n15,986.5 \n671,370.7 \nFEBRUARY \n58,292.9 \n21,826.4 \n56,104.4 \n18,101.2 \n62,883.5 \n78,714.5 \n89,292.0 \n117,785.5 \n17,680.2 \n128,827.9 \n9,967.9 \n668,578.1 \nMARCH \n69,856.5 \n16,673.4 \n60,104.1 \n16,684.4 \n58,510.5 \n72,517.4 \n97,158.1 \n88,814.4 \n14,831.7 \n173,486.3 \n17,657.4 \n686,294.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,494.8 \n1,897.5 \n0.0 \n479,6 \n31,053.3 \n31,756.6 \n20,082.4 \n0.0 \n1,516.1 \n3,623.5 \n105,903.9 \n FEBRUARY \n 16,359.6 \n483.9 \n0.0 \n734.6 \n32,663.4 \n15,907.7 \n5,112.6 \n0.0 \n301.8 \n0.0 \n71,563.6 \nMARCH \n15,328.4 \n4,816.6 \n0.0 \n734.6 \n33,053.5 \n22,330.2 \n3,206.4 \n0.0 \n301.8 \n0.0 \n75,436.7 \nAPRIL \n7,793.4 \n831.6 \n0.0 \n180.6 \n19,825.5 \n23,032.0 \n12,462.5 \n102.0 \n189.3 \n0.0 \n69,482.2 \nMAY \n0.0 \n0.0 \n0.0 \n2,055.8 \n14,431.9 \n15,786.1 \n17,666.6 \n589.7 \n2,850.8 \n836.1 \n54,217..1 \nJUNE \n1,031.1 \n1,011.3 \n0.0 \n1,875.2 \n13,904.0 \n21,823.7 \n16,562.2 \n0.0 \n189.3 \n836.1 \n57,233.0 \nJULY \n125.6 \n0.0 \n0.0 \n0.0 \n7,054.0 \n19,331.9 \n14,121.2 \n1,533.9 \n0.0 \n0.0 \n42,166.6 \nAUGUST \n0.0 \n913.3 \n0.0 \n0.0 \n13,898.0 \n13,694.7 \n18,347.2 \n0.0 \n0.0 \n0.0 \n46,853.3 \nSEPTEMBER \n0.0 \n11,242.5 \n0.0 \n0.0 \n12,193.0 \n15,228.3 \n3,969.9 \n0.0 \n0.0 \n0.0 \n42,633.7 \nOCTOBER \n0.0 \n1,135.0 \n0.0 \n0.0 \n2,134.9 \n28,261.6 \n204.0 \n0.0 \n0.0 \n0.0 \n31,735.5 \nNOVEMBER \n8,373.2 \n3,045.0 \n11,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n0.0 \n34,497.7 \nDECEMBER \n6,559.3 \n1,430.0 \n14,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n70.0 \n34,138.7 \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \n18 \n TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n137,919.4 \n35,324.8 \n106,812.5 \n296,807.8 \n116,945.8 \n277,304.7 \n268,525.2 \n119,278.5 \n515,754.9 \n21,989.9 \n431,208.6 \n14,582.8 \n2,342,454.9 \n FEBRUARY \n132,404.53 \n36,283.33 \n110,794.26 \n341,462.75 \n99,165.46 \n288,834.34 \n264,450.53 \n104,923.38 \n577,378.61 \n22,873.9 \n467,084.94 \n14,234.06 \n2,459,890.1 \nMARCH \n121,233.1 \n38,555.4 \n124,038.5 \n348,687.2 \n93,320.0 \n263’552.7 \n276,941.5 \n76,084.4 \n629,624.3 \n24,984.1 \n468,608.5 \n14,756.2 \n2,480,386.1 \nAPRIL \n127,168.8 \n39,606.6 \n115,033.7 \n331,306.5 \n83,707.8 \n289,829.1 \n276,208.7 \n75,855.9 \n644,979.8 \n24,822.5 \n465,129 \n14,829.3 \n2,488,477.6 \nMAY \n124,277.7 \n43,333.7 \n142,130.1 \n370,561.1 \n93,500.0 \n249,454.2 \n299,116.6 \n86,314.7 \n648,511.1 \n28,279.3 \n516,523.0 \n16,891.5 \n2,618,892.9 \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES) \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4,339 \n5,631 \n6,124 \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n3,317 \n4,115 \n4,527 \nBilateral Creditors \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n1,716 \n2,586 \n2,597 \nMultilateral Creditors \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1,591 \n1,519 \n1,931 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n10 \n10 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nPublic Enterprises \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n825 \n825 \n1092 \nBilateral Creditors \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n497 \n497 \n711 \nMultilateral Creditors \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n327 \n327 \n327 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nMonetary Authorities \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n550 \n138 \nMultilateral Creditors - IMF \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n550 \n138 \n \n \n \n \n \n \n \n \n \n \n \n \nPrivate \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n366 \n \n \n \n \n \n \n \n \n \n \n \n \nShort-Term External Debt \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1,348 \n2,040 \n1,971 \nSupplier's Credits \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n134 \nReserve Bank \n \n \n \n \n \n \n \n \n998 \n1300 \n1300 \nPrivate \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n156 \n454 \n537 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal External Debt/1 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n5,687 \n7,692 \n8,095 \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n5,836 \n7,433 \n8,865 \nExternal Debt / GDP \n31.4% \n52.3% \n75.7% \n94.7% \n136.3% \n63.9% \n110.5% \n147.7% \n97.4% \n103.20% \n91.30% \n/1 Total external debt excludes penalties \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of Finance and \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \n \n \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \nMar \n8.00-30.00 \n16.04 \n12.53 \n14.00-35.00 \n18.17 \n13.26 \n \n \nApr \n8.00-30.00 \n15.00 \n13.06 \n13.00-25.00 \n18.37 \n16.36 \n \n \nMay \n6.00-30.00 \n14.98 \n11.86 \n15.00-30.00 \n15.78 \n14.47 \n \n \nJun \n6.00-35.00 \n13.81 \n11.58 \n15.00-30.00 \n17.86 \n14.05 \n \n \nJul \n6.00-35.00 \n14.32 \n10.88 \n15.00-30.00 \n17.92 \n13.93 \n \n \nAug \n6.00-35.00 \n15.65 \n10.74 \n15.00-30.00 \n17.94 \n13.95 \n \n \nSep \n6.00-35.00 \n13.25 \n11.14 \n15.00-30.00 \n17.98 \n13.92 \n \n \nOct \n6.00-35.00 \n13.35 \n11.03 \n13.00-30.00 \n17.98 \n13.95 \n \n \nNov \n6.00-35.00 \n15.25 \n10.88 \n13.00-25.00 \n17.91 \n14.42 \n \n \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n \n \n \n \n3. Lending rates exclude rates on staff loans. \nDec \n10.00-35.00 \n15.08 \n10.40 \n15.00-25.00 \n17.93 \n14.43 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \n \n \n \n \n \n \n \n \n \n \n \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \n \n \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n2011 \n \n \n \n \n \n \n \nJANUARY \n0.05-2.00 \n0.50-18.00 \n10.00-17.00 \nFEBRUARY \n0.05-2.00 \n0.50-18.00 \n10.00-17.00 \nMARCH \n0.05-2.00 \n0.50-16.00 \n10.00-17.00 \nAPRIL \n0.35-6.00 \n0.15-17.00 \n10.00-17.00 \nMAY \n0.30-5.00 \n0.15-17.00 \n10.00-17.00 \nJUNE \n0.15-5.00 \n0.15-17.00 \n10.00-17.00 \nJULY \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nAUGUST \n0.15-5.00 \n0.10-17.00 \n11.00-17.00 \nSEPTEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nOCTOBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nNOVEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nDECEMBER \n0.15-5.00 \n0.10-18.00 \n10.00-17.00 \n \n \n \n \n20122 \n \n \n \n \n \n \n \nJANUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nFEBRUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nMARCH \n0.01-12.00 \n5.00-20.00 \n7.00-17.00 \nAPRIL \n0.00-12.00 \n5.00-20.00 \n8.00-17.00 \nMAY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \n1. \nThe range of rates qouted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \nJUNE \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJULY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nAUGUST \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nOCTOBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nNOVEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nDECEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n2013 \n \n \n \n \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \n23 \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE \nHEALTH TRANSPORT \nCOMMUNI-\nCATION \nRECREATION & EDUCATION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n-0.54 \n0.00 \n0.00 \n0.00 \n0.01 \n0.00 \n0.00 \n0.01 \n0.00 \n0.01 \n-0.52 \n-0.06 \n0.32 \n0.07 \nFEBRUARY \n 2.75 \n0.37 \n0.41 \n0.20 \n1.51 \n1.65 \n-0.17 \n-0.08 \n0.08 \n0.77 \n1.11 \n0.72 \n1.40 \n0.95 \nMARCH \n0.47 \n0.04 \n0.03 \n0.36 \n0.06 \n0.49 \n-0.20 \n0.13 \n0.00 \n-1.11 \n0.08 \n0.15 \n0.32 \n0.21 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n24 \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n3.83 \n-0.74 \n10.70 \n0.65 \n1.94 \n6.42 \n-0.36 \n1.92 \n12.96 \n1.92 \n1.32 \n1.91 \n3.72 \n2.51 \nFEBRUARY \n5.77 \n-0.74 \n7.11 \n0.64 \n3.23 \n8.31 \n-0.01 \n-0.19 \n13.05 \n 3.01 \n 1.95 \n2.91 \n4.67 \n2.98 \nMARCH \n6.24 \n-0.80 \n5.48 \n0.70 \n3.28 \n8.73 \n-0.05 \n-0.19 \n8.37 \n1.71 \n1.64 \n2.04 \n4.18 \n2.76 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n7.82 \n7.32 \n76.20 \n1.32 \n1.60 \nFEBRUARY \n7.47 \n7.13 \n80.28 \n1.35 \n1.60 \nMARCH \n7.59 \n7.29 \n81.92 \n1.33 \n1.59 \nAPRIL \n7.82 \n7.41 \n80.78 \n1.32 \n1.61 \nMAY \n8.14 \n7.63 \n79.80 \n1.28 \n1.59 \nJUNE \n8.38 \n7.77 \n79.42 \n1.25 \n1.56 \nJULY \n8.18 \n7.74 \n78.23 \n1.23 \n1.57 \nAUGUST \n8.45 \n7.80 \n78.47 \n1.25 \n1.58 \nSEPTEMBER \n8.23 \n7.65 \n77.50 \n1.29 \n1.63 \nOCTOBER \n8.64 \n7.88 \n79.78 \n1.30 \n1.61 \nNOVEMBER \n8.78 \n7.95 \n80.94 \n1.30 \n1.60 \nDECEMBER \n8.48 \n7.88 \n86.06 \n1.32 \n1.62 \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n255.1 \n258.7 \n91.1 \n382.3 \n109.8 \n0.0 \n0.0 \n1,097.0 \n120.3 \n1,988.3 \n262.6 \n135.2 \n316.4 \n3,919.8 \nFeb \n242.8 \n335.2 \n90.0 \n489.4 \n121.3 \n0.0 \n0.0 \n1,278.7 \n102.7 \n1,978.3 \n265.7 \n138.9 \n329.6 \n4,093.8 \n Mar \n285.0 \n444.6 \n103.2 \n217.6 \n140.4 \n0.0 \n0.0 \n1,191.3 \n34.7 \n2,040.5 \n337.0 \n152.8 \n339.6 \n4,095.9 \n Apr \n306.5 \n459.1 \n128.5 \n197.4 \n217.0 \n0.0 \n0.0 \n1,308.5 \n32.8 \n2,068.4 \n348.9 \n180.2 \n342.0 \n4,280.7 \n May \n316.3 \n441.8 \n113.2 \n210.5 \n225.8 \n0.0 \n0.0 \n1,307.6 \n32.2 \n2,156.2 \n388.5 \n182.5 \n384.1 \n4,451.3 \nJun \n297.2 \n413.2 \n98.2 \n245.8 \n232.6 \n0.0 \n0.0 \n1,287.1 \n32.4 \n2,140.6 \n369.7 \n228.5 \n386.3 \n4,444.7 \n Jul \n329.9 \n403.3 \n108.9 \n211.0 \n205.1 \n0.0 \n0.0 \n1,258.2 \n25.0 \n2,359.7 \n370.0 \n242.7 \n393.3 \n4,648.8 \n Aug 331.2 \n363.1 \n97.7 \n165.3 \n211.6 \n0.0 \n0.0 \n1,168.8 \n24.9 \n2,404.0 \n385.9 \n221.3 \n390.1 \n4,594.9 \n Sep \n299.3 \n381.7 \n109.8 \n185.2 \n175.2 \n0.0 \n0.0 \n1,151.3 \n25.1 \n2,498.0 \n390.6 \n240.1 \n390.4 \n4,695.4 \nOct \n331.5 \n368.4 \n127.1 \n191.5 \n174.2 \n7.4 \n0.0 \n1,200.1 \n25.0 \n2,530.01 \n372.3 \n246.6 \n389.6 \n4,763.6 \nNov \n306.6 \n358.3 \n119.3 \n325.9 \n188.1 \n7.5 \n0.0 \n1306.0 \n25.5 \n2,591.9 \n348.3 \n234.4 \n394.1 \n4,900.0 \nDec \n375.9 \n374.7 \n131.1 \n219.7 \n190.8 \n8.2 \n0.0 \n1,300.4 \n27.7 \n2,631.6 \n375.3 \n255.7 \n389.0 \n4,980.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n323.4 \n378.5 \n103.4 \n182.3 \n247.8 \n0.0 \n0.0 \n1,235.5 \n52.2 \n2,694.9 \n386.1 \n205.7 \n386.7 \n4,961.1 \nFeb \n292.2 \n357.7 \n120.5 \n234.6 \n239.9 \n0.0 \n0.0 \n1,244.9 \n27.7 \n2,289.3 \n328.8 \n208.0 \n388.3 \n4,887.0 \nMar \n271.6 \n345.7 \n196.1 \n198.9 \n265.3 \n0.0 \n0.0 \n1277.6 \n26.1 \n2715.8 \n367.2 \n228.8 \n388.0 \n5,003.5 \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1,830.5 \n740.1 \n170.2 \n2,740.8 \n143.6 \n0.0 \n47.3 \n426.6 \n262.6 \n298.9 \n3,919.8 \n2,740.8 \nFeb \n1,980.9 \n745.4 \n197.8 \n2,924.1 \n163.3 \n0.0 \n23.5 \n437.8 \n265.7 \n281.4 \n4,095.8 \n2,924.1 \n Mar \n1,944.7 \n699.6 \n322.7 \n2,967.0 \n149.2 \n0.0 \n25.4 \n437.5 \n337.0 \n262.4 \n4,178.6 \n2,967.0 \n Apr \n1,932,8 \n722.1 \n350.4 \n3,005.3 \n155.1 \n0.0 \n23.8 \n440.3 \n348.9 \n307.3 \n4,280.7 \n3,005.3 \n May \n1,886.1 \n802.5 \n462.2 \n3,150.9 \n175.3 \n0.0 \n23.2 \n483.6 \n388.5 \n229.7 \n4,451.3 \n3,150.9 \nJun \n1,889.3 \n899.4 \n391.7 \n3,180.4 \n170.9 \n0.0 \n21.5 \n503.9 \n369.7 \n198.2 \n4,444.7 \n3,180.4 \nJul \n1,957.8 \n873.6 \n500.6 \n3,331.9 \n172.8 \n0.0 \n22.7 \n539.0 \n370.0 \n212.4 \n4,648.8 \n3,331.9 \nAug \n1,919.2 \n930.2 \n374.3 \n3,223.6 \n172.2 \n0.0 \n22.1 \n562.5 \n385.9 \n228.5 \n4,594.9 \n3,223.6 \n Sep \n1,962.6 \n883.0 \n490.0 \n3,335.6 \n183.9 \n0.0 \n20.5 \n552.6 \n390.6 \n205.8 \n4,689.0 \n3,335.6 \n Oct \n1,997.7 \n1,011.7 \n413.6 \n3,422.9 \n168.1 \n0.0 \n20.5 \n562.9 \n372.3 \n216.7 \n4,763.6 \n3,422.9 \n Nov \n1,895.8 \n966.6 \n679.6 \n3,542.0 \n192.9 \n0.0 \n38.2 \n562.2 \n348.3 \n216.4 \n4,900.0 \n3,542.0 \n Dec \n2,090.5 \n922.3 \n507.5 \n3,520.4 \n212.5 \n0.0 \n30.8 \n618.5 \n375.3 \n222.5 \n4,980.0 \n3,520.4 \nFeb \n1,987.8 \n933.3 \n491.5 \n3,412.5 \n258.1 \n0.0 \n32.4 \n631.9 \n328.8 \n223.3 \n4,887.0 \n3,417.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,032.2 \n866.1 \n552.4 \n3,450.7 \n266.1 \n0.0 \n27.8 \n623.9 \n386.1 \n206.5 \n4,961.1 \n3,450.7 \nMar \n1,960.1 \n976.3 \n451.1 \n3,387.3 \n290.9 \n0.0 \n32.8 \n687.7 \n367.2 \n237.6 \n5,003.5 \n3,387.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n Mar \n2.6 \n12.3 \n13.1 \n2.9 \n64.1 \n0.0 \n95.1 \n0.0 \n218.6 \n64.9 \n70.8 \n30.1 \n479.4 \nApr \n6.5 \n9.0 \n15.2 \n3.9 \n37.7 \n0.0 \n72.3 \n0.0 \n241.6 \n56.3 \n74.3 \n31.8 \n476.2 \n May \n3.0 \n7.6 \n18.5 \n1.8 \n20.0 \n0.0 \n51.0 \n0.0 \n259.5 \n54.9 \n77.4 \n31.4 \n474.3 \nJune \n3.6 \n6.6 \n23.9 \n1.0 \n9.9 \n0.0 \n44.9 \n0.0 \n277.8 \n49.6 \n84.2 \n22.7 \n479.3 \nJul \n1.4 \n2.2 \n25.2 \n0.9 \n8.2 \n0.0 \n37.9 \n0.0 \n237.5 \n37.5 \n75.7 \n14.8 \n403.5 \nAug \n0.8 \n0.6 \n31.8 \n0.4 \n5.5 \n0.0 \n39.2 \n0.0 \n223.3 \n36.7 \n59.5 \n22.7 \n381.4 \nSep \n0.9 \n3.7 \n27.8 \n5.5 \n3.1 \n0.0 \n40.9 \n0.0 \n228.0 \n36.8 \n56.1 \n22.1 \n383.9 \nOct \n2.8 \n0.4 \n28.4 \n1.6 \n3.3 \n0.4 \n36.9 \n0.0 \n208.9 \n37.1 \n53.5 \n22.4 \n358.7 \nNov \n1.7 \n0.5 \n30.2 \n1.2 \n3.3 \n0.4 \n37.3 \n0.0 \n235.9 \n37.1 \n53.6 \n22.4 \n386.3 \nDec \n2.2 \n1.0 \n26.1 \n1.4 \n3.3 \n0.4 \n34.4 \n0.0 \n239.2 \n37.2 \n69.1 \n22.3 \n402.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1.5 \n2.7 \n28.6 \n0.0 \n3.4 \n0.0 \n36.2 \n0.0 \n236.7 \n34.8 \n60.2 \n29.1 \n397.0 \nFeb \n4.7 \n1.5 \n18.4 \n0.0 \n4.5 \n0.0 \n26.9 \n0.0 \n245.7 \n34.8 \n63.9 \n28.9 \n398.2 \nMar \n2.5 \n1.1 \n7.3 \n-3.1 \n1.2 \n0.0 \n8.9 \n0.0 \n260.3 \n34.2 \n50.4 \n28.8 \n382.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n137.8 \n73.5 \n37.4 \n248.7 \n44.5 \n0.0 \n0.0 \n18.1 \n66.3 \n66.2 \n443.8 \n248.7 \n Feb \n134.2 \n78.8 \n44.4 \n257.4 \n34.4 \n0.0 \n0.0 \n50.8 \n73.4 \n58.9 \n474.9 \n257.4 \n Mar \n70.9 \n129.8 \n48.5 \n249.1 \n46.1 \n0.0 \n0.0 \n55.7 \n64.9 \n63.6 \n479.4 \n249.1 \n Apr \n89.9 \n117.5 \n42.8 \n250.3 \n44.8 \n0.0 \n0.0 \n55.6 \n56.3 \n69.4 \n476.2 \n250.3 \n May \n85.5 \n100.9 \n68.1 \n254.6 \n44.8 \n0.0 \n0.0 \n-48.7 \n54.9 \n168.7 \n474.3 \n254.6 \n Jun \n136.9 \n91.2 \n33.7 \n261.8 \n44.6 \n0.0 \n1.7 \n-22.4 \n49.6 \n144.0 \n479.3 \n261.8 \n Jul \n110.8 \n36.4 \n69.2 \n216.4 \n43.6 \n0.0 \n1.0 \n-33.1 \n37.5 \n138.1 \n403.5 \n216.4 \n Aug \n107.0 \n42.6 \n64.5 \n214.1 \n43.1 \n0.0 \n1.0 \n-96.8 \n36.7 \n183.3 \n381.4 \n214.1 \n Sep \n102.5 \n60.4 \n56.4 \n219.3 \n42.8 \n0.0 \n2.7 \n-47.9 \n36.8 \n130.2 \n383.9 \n219.3 \n Oct \n122.8 \n35.9 \n60.6 \n219.3 \n39.8 \n0.0 \n2.7 \n-51..1 \n37.1 \n110.9 \n358.7 \n219.3 \n Nov \n105.3 \n69.3 \n46.4 \n221.0 \n39.9 \n0.0 \n2.7 \n-69.7 \n37.1 \n155.2 \n386.3 \n221.0 \n Dec \n108.1 \n67.9 \n44.2 \n220.2 \n44.5 \n0.0 \n2.7 \n-60.9 \n37.2 \n158.5 \n402.3 \n220.2 \n Feb \n102.8 \n66.0 \n55.7 \n224.5 \n45.3 \n0.0 \n2.7 \n-77.8 \n34.8 \n168.7 \n398.2 \n224.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n106.9 \n91.7 \n21.3 \n220.0 \n44.8 \n0.0 \n2.7 \n-72.4 \n34.8 \n167.2 \n397.0 \n220.0 \n Mar \n104.3 \n62.3 \n52.8 \n219.5 \n45.8 \n0.0 \n1.2 \n-97.3 \n34.2 \n179.3 \n382.6 \n219.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.1 \n80.8 \n0.0 \n0.0 \n100.9 \n207.2 \n80.6 \n17.6 \n112.2 \n518.5 \n Feb \n13.3 \n99.2 \n0.0 \n0.0 \n112.6 \n226.5 \n81.0 \n19.3 \n112.5 \n551.8 \n Mar \n15.8 \n109.0 \n0.0 \n0.0 \n124.7 \n221.5 \n83.1 \n19.7 \n112.7 \n561.6 \n Apr \n18.2 \n99.7 \n0.2 \n0.0 \n118.0 \n215.5 \n85.5 \n23.7 \n111.3 \n554.0 \n May \n19.6 \n93.7 \n0.2 \n0.0 \n113.4 \n219.7 \n93.3 \n24.5 \n113.0 \n564.0 \n Jun \n15.7 \n102.2 \n0.2 \n0.0 \n118.1 \n239.5 \n96.5 \n25.6 \n114.6 \n594.3 \n Jul \n19.6 \n108.6 \n0.0 \n0.0 \n128.2 \n242.3 \n101.3 \n26.2 \n116.2 \n614.3 \n Aug \n18.7 \n113.1 \n0.0 \n0.0 \n131.8 \n248.8 \n104.7 \n27.5 \n118.2 \n630.9 \n Sep \n18.6 \n131.9 \n0.0 \n0.0 \n150.5 \n248.8 \n105.6 \n29.2 \n118.9 \n653.0 \n Oct \n20.1 \n123.0 \n0.0 \n1.0 \n144.0 \n266.6 \n116.7 \n28.9 \n118.9 \n675.1 \n Nov \n22.5 \n125.0 \n0.0 \n1.0 \n148.6 \n277.2 \n117.8 \n33.4 \n117.4 \n694.3 \n Dec \n29.2 \n133.2 \n0.0 \n1.0 \n163.4 \n278.1 \n118.3 \n30.2 \n126.9 \n716.9 \n Feb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \n Mar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \n \n \n \n \n \n \n \n \n \n \n \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2011 \n \n \n \n \n \n \n \n Jan \n72.6 \n70.1 \n142.8 \n105.8 \n34.6 \n283.1 \n142.8 \n Feb \n78.8 \n76.2 \n155.0 \n107.6 \n36.1 \n298.7 \n155.0 \n Mar \n87.0 \n83.0 \n170.1 \n108.6 \n11.8 \n318.7 \n170.1 \n Apr \n90.1 \n85.0 \n175.1 \n110.6 \n16.4 \n332.1 \n175.1 \n May \n95.5 \n102.5 \n197.9 \n112.7 \n21.6 \n364.9 \n197.9 \n Jun \n124.6 \n77.4 \n202.0 \n116.7 \n50.6 \n369.4 \n202.0 \n Jul \n146.7 \n68.1 \n214.8 \n119.0 \n70.0 \n403.9 \n214.8 \n Aug \n149.9 \n80.6 \n230.6 \n122.0 \n67.7 \n420.3 \n230.6 \n Sep \n149.4 \n93.2 \n242.6 \n123.1 \n77.5 \n443.3 \n242.6 \n Oct \n154.3 \n93.0 \n247.3 \n125.8 \n13.7 \n453.8 \n247.3 \n Nov \n158.3 \n123.9 \n282.4 \n129.0 \n89.2 \n500.6 \n282.4 \n Dec \n186.4 \n100.7 \n287.0 \n121.3 \n96.7 \n505.1 \n287.0 \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n \n \n \n \n \n \n \n \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n \n \n \n \n \n \n \n \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nJan \n138.52 \n79.09 \n3,422.20 \nFeb \n146.03 \n95.39 \n3,696.60 \nMar \n136.76 \n85.01 \n3,458.10 \nApr \n129.55 \n97.15 \n3,303.40 \nMay \n132.03 \n83.73 \n3,351.20 \nJun \n131.96 \n75.70 \n3,341.46 \nJul \n132.92 \n112.12 \n3,445.93 \nAug \n132.27 \n89.04 \n3,434.00 \nSep \n146.00 \n96.00 \n3,822.80 \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.9 \n66.2 \n4,726.34 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n910.3 \n110.9 \n52.3 \n295.5 \n1,369.0 \nFebruary \n943.2 \n123.2 \n57.0 \n325.2 \n1,448.6 \nMarch \n1,022.3 \n178.3 \n56.0 \n334.3 \n1,590.9 \nApril \n1,072.5 \n160.3 \n54.2 \n331.5 \n1,618.5 \nMay \n1,264.8 \n169.0 \n55.4 \n335.5 \n1,824.7 \nJune \n1,291.1 \n124.9 \n58.3 \n369.7 \n1,844.0 \nJuly \n1,374.2 \n105.6 \n61.4 \n389.3 \n1,930.5 \nAugust \n1,304.5 \n107.1 \n59.3 \n401.2 \n1,872.1 \nSeptember \n1,373.0 \n116.8 \n60.1 \n420.0 \n1,969.9 \nOctober \n1,425.3 \n96.4 \n61.8 \n428.6 \n2,012.1 \nNovember \n1,646.2 \n115.7 \n67.2 \n426.3 \n2,255.4 \nDecember \n1,429.8 \n112.1 \n63.9 \n440.3 \n2,046.1 \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2011 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n961.5 \n417.2 \n544.3 \n111.4 \n50.4 \n61.0 \nFebruary \n994.1 \n436.3 \n557.8 \n68.9 \n49.8 \n19.1 \nMarch \n1,053.0 \n455.5 \n597.5 \n70.1 \n53.1 \n16.9 \nApril \n954.9 \n453.4 \n501.5 \n61.9 \n52.7 \n9.2 \nMay \n999.8 \n477.6 \n522.2 \n44.4 \n51.0 \n-6.7 \nJune \n1,145.9 \n505.5 \n640.4 \n41.6 \n53.6 \n-11.9 \nJuly \n1,018.3 \n506.7 \n511.6 \n64.5 \n50.3 \n14.2 \nAugust \n1,046.9 \n647.0 \n399.9 \n55.1 \n62.8 \n-7.7 \nSeptember \n1,031.8 \n656.8 \n375.0 \n65.8 \n65.9 \n-0.1 \nOctober \n1,014.8 \n665.6 \n349.2 \n134.7 \n105.7 \n28.9 \nNovember \n1,041.1 \n663.8 \n377.3 \n135.3 \n107.2 \n28.1 \nDecember \n1,075.7 \n671.9 \n403.8 \n196.1 \n115.7 \n80.4 \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,097.0 \n685.2 \n411.8 \n75.1 \n62.2 \n12.9 \nFebruary \n1,278.7 \n731.5 \n548.2 \n44.8 \n64.4 \n-19.6 \nMarch \n1,273.6 \n741.8 \n531.8 \n95.1 \n62.3 \n32.8 \nApril \n1,308.5 \n751.3 \n557.2 \n72.3 \n62.6 \n9.8 \nMay \n1,307.6 \n787.7 \n519.9 \n51.0 \n63.6 \n-12.6 \nJune \n1,287.5 \n795.1 \n492.4 \n44.9 \n65.4 \n-20.5 \nJuly \n1,258.2 \n833.0 \n425.2 \n37.9 \n54.1 \n-16.2 \nAug \n1,168.8 \n805.9 \n362.9 \n39.2 \n53.5 \n-14.4 \nSeptember \n1,151.3 \n833.9 \n317.4 \n40.9 \n54.8 \n-13.9 \nFebruary \n1,244.9 \n854.5 \n390.4 \n26.9 \n56.1 \n-29.2 \n \n \n \n \n \n \n \n1/ With effect from 1 August 2010, the prescribed liquid asset ratio was reviewed from 10% to 20% of liabilities to the public. \nOctober \n1,200.1 \n855.7 \n344.4 \n36.9 \n54.8 \n-17.9 \nNovember \n1,306.0 \n885.5 \n420.5 \n37.3 \n55.2 \n-18.0 \nDecember \n1,300.4 \n880.1 \n420.3 \n34.4 \n55.1 \n-20.6 \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n862.7 \n372.8 \n36.2 \n55.0 \n-18.8 \nMarch \n1,277.6 \n846.8 \n430.8 \n8.9 \n54.9 \n-46.0 \n \n \n \n \n \n \n \n35 \nTABLE 13 : ZETSS, CHEQUES AND CARDS ACTIVITY. \nUS$ Millions \nMONTH \nZETSS VALUES \nCHEQUE VALUES \nCARD VALUES \nMOBILE & INTERNET \n \n \n \n \n \n2012 \n \n \n \n \nJan \n2,439.7 \n5.3 \n137.2 \n60.8 \nFeb \n2,920.1 \n6.1 \n137.1 \n77.2 \nMar \n3,242.8 \n6.8 \n156.4 \n104.1 \nApr \n2,948.5 \n5.5 \n160.5 \n68.6 \nMay \n3,237.4 \n5.0 \n189.6 \n82.0 \nJun \n3,407.3 \n6.5 \n177.7 \n93.5 \nJul \n3,321.0 \n6.7 \n169.1 \n135.6 \nAug \n3,417.3 \n6.1 \n218.4 \n98.3 \nSep \n3,043.2 \n5.6 \n235.5 \n149.2 \nOct \n3,630.7 \n6.6 \n232.9 \n196.9 \nNov \n3,526.0 \n5.9 \n240.8 \n197.3 \nDec \n3,584.7 \n5.0 \n308.9 \n220.3 \nAnnual Total \n38,718.7 \n71.1 \n2,364.1 \n1,483.8 \nFeb \n2,968.0 \n5.5 \n260.5 \n199.3 \n \n \n \n \n \n2013 \n \n \n \n \nJan \n3,563.8 \n5.2 \n254.4 \n205.2 \nMar \n3,340.0 \n15.2 \n312.4 \n128.5", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/March2013.pdf"}

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+{"doc_id": "2c2bd6ba4af8bd85e031ecf66db88853", "text": "MONTHLY ECONOMIC REVIEW \nAUGUST 2014 \nSelected Economic Indicators \n 2 \nStock Market Developments \n 3 \nMonetary Developments \n 5 \nInflation \n 6 \nNational Payments System \n 7 \nStatistical Tables \n 9 \n \n \nINSIDE THIS ISSUE \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2014 \nJuly \n2014 \nAugust \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n95.00 \n104.80 \n10.32% \nZ.S.E. Industrial Index1 \n188.07 \n196.43 \n4.45% \nMoney Supply (Total Bank Deposits) (US$)2 \n4.22 billion \n4.32 billion \n2.32% \nMoney Supply (M3) Annual Growth2 \n9.58% \n13.85% \n2.32% \nYearly Inflation3 \n0.31% \n0.15% \n-0.31% \nNominal Lending Rate (%) \n6.00-35.00 \n6.00-35.00 \n \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \n \n \n \n \nSTOCK MARKET DEVELOPMENTS \n \nThe Zimbabwe Stock Exchange (ZSE) \nregistered gains in August 2014, despite the \nlackluster \nperformance \nof \nsome \nlisted \ncounters. \nThe \nZSE’s \nindustrial \nindex \nrecorded an increase of 4.5%, to close at \n196.4 points. The increase was largely due to \ntrading \nbeing \nconcentrated \nin \nheavily \ncapitalized counters. On a year-to-date basis, \nhowever, the industrial index lost 2.8%. \n \nThe mining index maintained its upward \ntrend, gaining 10.3% to close at 104.8 points \nin August 2014, from 95 points in July. The \ngains were fueled by a rise of 66.7% in the \nshare price of Hwange. The mining index \ngained 128.9%, on a year to date basis. \n \nShares traded totaled 328.3 million in volume \nterms in August 2014, compared to 322.4 \nmillion shares in July 2014. Total turnover, \nalso rose by 163.2%, to close the month under \nreview at US$66.4 million. The trading \ndevelopments were largely supported by two \nspecial bargain deals of 47.5 million BancABC \nshares. \n \nButtressed by increases in the prices of heavily \ncapitalized \ncounters, \nmarket \ncapitalization \nincreased by 4.6% to US$5.2 billion at the end \nof August 2014, from US$4.9 billion at the \n2 3 \nSource: Zimbabwe Stock Exchange, 2014. \nSource: Zimbabwe Stock Exchange, 2014. \n2 4 \nclose of July 2014. On a year to date basis, \nhowever, the ZSE’s market capitalization \nfell by 2.8%. \n \nMONETARY DEVELOPMENTS \n \nAnnual growth in broad money increased \nfurther to 13.9% in August 2014. Broad \nmoney stood at US$4 322.1 million in \nAugust 2014, up from US$3 796.2 million in \nAugust 2013. On a monthly basis, broad \nmillion, respectively. These increases were, \nhowever, partially offset by a US$27.6 \nmillion decline in short term deposits. \n \nAgainst the background of an increase in \ndeposits, annual growth in domestic credit \nrose to 6.2%, largely reflecting an 86.9% \nincrease in net credit to Government. \nUnderpinning the increase in net credit to \nGovernment were Treasury bills holdings by \ncommercial and merchant banks, which \nincreased by 113.1% to US$237.5 million, \nbetween August 2013 and August 2014. \n \nCredit to the private sector continued to be \ndriven by loans and advances, which were \npartly sustained by offshore lines of credit, as \nSource: Reserve Bank of Zimbabwe, 2014. \nmoney registered a 2.3% growth. \n \nThe annual growth in broad money was \nunderpinned by an increase in long term, \nsavings and demand deposits of US$315.1 \nmillion; US$129.2 million; and US$109.2 \nSource: Reserve Bank of Zimbabwe, 2014. \n3 5 \nlocal \nsources \nof \nliquidity \nremained \nconstrained. Lending to the private sector by \nbanks declined to US$3 117.9 million in \nAugust 2014, from US$3 165.4 million in \nAugust 2013. \n \nCredit to the private sector was mainly \ncomposed of loans and advances, 83.7%; \nmortgages, 11.9%; banker’s acceptances, \n0.6%; bills discounted, 1.9%; and other \ninvestments, 1.9%. The loans and advances \nwere mainly extended to agriculture (18.7%), \ndistribution (16.9%), and manufacturing \n(14.4%). Individuals accounted for 16.1% of \ntotal loans and advances. \n \nThe private sector borrowed mainly for \nunclassified asset purchases (43.7%) as well \nas inventory build-up (34.0%). Loans and \nadvances utilized for fixed investment activity \nhave remained low, with the procurement of \nplant and equipment accounting for 3.4% and \npre and post shipment financing at 1.9%, of \ntotal loans and advances. \n \n \nINFLATION DEVELOPMENTS \n \n \nAnnual Inflation \n \nAnnual headline inflation retreated from \n0.31% in July 2014, to 0.15% in August 2014. \nThis was largely on account of declines in \nboth food and non-food inflation. \n \nAnnual food inflation eased from -2.9% in \nJuly 2014, to -2.8% in August 2014. All food \ncategories, except unclassified food items, \nregistered price decreases in August 2014. \n \nThe combined effect of improved domestic \nand global food supply, as well as depressed \neffective demand resulted in a fall in food \nprices. \n \nAnnual non-food inflation retreated from to \n1.9% in July 2014, to 1.6% in August 2014, \nmainly driven by declines in health, recreation \nSource: Reserve Bank of Zimbabwe, 2014. \n4 6 \nand culture, as well as housing, water, \nelectricity, gas and other fuels categories. \nMonth-on-Month Inflation \nMonth-on-month inflation stood at -0.3% in \nAugust 2014, shedding 0.3 percentage points \nfrom the 0.01% recorded in July 2014. This \ndecline was mainly driven by decreases in \nmonthly food and non alcoholic beverages. \nMonthly food inflation decelerated to -0.8% \nin August 2014, from -0.5% in July 2014. \nThis was on account of a continued decline in \nvegetables, bread and cereals, milk, cheese, \neggs, oil and fats, coffee, tea and cocoa, and \nmeat prices from previous month levels. \nMonthly non-food inflation retreated from \n0.2% in July 2014, to -0.1% in August 2014, \nfollowing decreases in the prices of clothing \nand footwear as well as furniture and \nhousehold equipment. \n \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through \nthe Real Time Gross Settlement system in \nAugust 2014 decreased by 11% to US$3.5 \nbillion, from US$3.9 billion recorded in \nJuly 2014. Concomitantly, the volume of \ntransactions registered a decrease of 14% \nfrom 199 587 to 170 858 in the same period. \nCard Based Transactions \nThe total value of card based transactions \nincreased by 4.2% to US$409.3 million in \nAugust 2014, from US$392.8 million in July \n2014. \n \n \nSource: ZIMSTATS, 2014. \n7 \nMobile and Internet Based Transactions \nThe value of mobile and internet based \ntransactions increased by 2.3%, from \nUS$414.1 \nmillion \nin \nJuly \n2014, \nto \nUS$423.6 million in August 2014. \n \nCheque Transactions \nThe value of cheque transactions stood at \nUS$9.4 million in August 2014, down from \nUS$11.7 million in July 2014. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nReserve Bank of Zimbabwe \nSeptember 2014 \n \nSource: Reserve Bank of Zimbabwe, 2014. \n8 \nNOTES \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n35 \n \n13.2 Volumes of Transactions \n \n \n \n \n36 \n10 \n11 \n12 \n13 \n14 \n15 \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \nAPRIL \n455,178.9 \n43,628.2 \n23,433.4 \n428,381.7 \n14,997.8 \n35,589.1 \n444,798.7 \n135,046.2 \n288,857.6 \n45,643.6 \n377,037.0 \n7,693.7 \n2,300,585.8 \nMAY \n484,635.0 \n38,637.2 \n27,795.2 \n455,737.9 \n14,699.1 \n35,106.1 \n465,890.2 \n115,457.8 \n301,547.9 \n52,075.2 \n382,172.8 \n5,034.0 \n2,378,788.7 \nJUNE \n489,730.1 \n37,474.3 \n38,198.7 \n425,521.3 \n7,310.7 \n53,815.0 \n454,368.5 \n110,349.9 \n295,432.3 \n51,453.6 \n385,769.7 \n11,033.4 \n2,360,457.5 \nJULY \n483,103.7 \n40,342.5 \n33,494.3 \n464,921.7 \n6,869.2 \n38,522.6 \n541,025.9 \n116,557.1 \n307,117.5 \n48,218.0 \n426,582.7 \n4,455.3 \n2,511,210.5 \nAUGUST \n521,743.0 \n38,889.1 \n43,894.5 \n425,531.4 \n7,260.6 \n39.087.2 \n451,871.2 \n110,041.8 \n346,006.0 \n40,216.0 \n374,587.1 \n9,914.6 \n2,409,042.5 \nSEPTEMBER \n496,289.3 \n39,446.9 \n38,856.6 \n447,247.2 \n13,953.5 \n43,006.7 \n437,211.9 \n118,873.7 \n330,709.6 \n40,046.6 \n373,596.8 \n9,790.6 \n2,389,029.4 \nOCTOBER \n491,610.6 \n38,871.5 \n39,766.0 \n471,966.2 \n8,023.3 \n40,835.3 \n420,445.3 \n110,778.3 \n417,411.6 \n36,334.1 \n376,463.1 \n9,861.9 \n2,462,367.3 \nNOVEMBER \n487,289.4 \n40,321.7 \n42,332.0 \n488,637.3 \n3,116.5 \n36,852.0 \n417,162.5 \n117,050.8 \n389,727.1 \n39,126.4 \n369,190.3 \n17,960.5 \n2,448,766.4 \nDECEMBER \n533,165.2 \n42,285.1 \n17,617.9 \n435,613.1 \n5,047.0 \n62,165.8 \n389,181.2 \n115,404.6 \n379,809.3 \n37,409.1 \n369,838.8 \n18,252.9 \n2,405,790.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n489,585.3 \n43,743.8 \n18,574.7 \n464,097.6 \n5,467.4 \n48,086.1 \n362,554.0 \n116,635.5 \n412,901.1 \n37,722.2 \n367,126.2 \n16,773.1 \n2,383,267.1 \nFEBRUARY \n519,154.6 \n38,918.1 \n24,765.4 \n460,528.2 \n10,397.3 \n47,488.6 \n385,038.1 \n116,670.5 \n401,619.6 \n32,978.1 \n396,800.8 \n8,542.7 \n2,442,902.1 \nMARCH \n503,868.1 \n42,707.9 \n35,785.1 \n494,663.8 \n5,257.4 \n52,722.0 \n374,809.1 \n116,653.0 \n396,000.6 \n38,089.3 \n406,503.1 \n15,833.1 \n2,482,892.7 \nAPRIL \n540,156.2 \n40,707.1 \n18,138.9 \n502,514.1 \n9,898.6 \n18,817.9 \n407,595.0 \n175,048.3 \n447,549.2 \n49,619.1 \n511,048.2 \n15,136.7 \n2,736,229.2 \nMAY \n546,733.9 \n41,594.2 \n21,547.9 \n488,389.7 \n10,073.8 \n23,049.1 \n396,846.0 \n184,730.9 \n452.373.8 \n51,891.8 \n512,864.5 \n17,718.8 \n2,747,814.6 \nJUNE \n536,188.9 \n46,085.8 \n28,201.0 \n500,266.1 \n10,656.3 \n25,616.2 \n417,002.7 \n197,441.1 \n432,692.4 \n46,751.6 \n499,191.5 \n17,173.9 \n2,757,267.4 \nJULY \n575,645.3 \n43,055.0 \n28,090.8 \n480,483.6 \n6,359.2 \n27284.9 \n428611.4 \n206052.3 \n479384.6 \n49260.4 \n507930.0 \n46148.1 \n2878305.8 \nAUGUST \n548,866.7 \n56,886.1 \n38,891.3 \n498,696.8 \n54,387.2 \n110,618.5 \n422,942.5 \n221099.2 \n430,156.3 \n48,167.0 \n474,060.2 \n37,230.9 \n2,942,002.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \nAPRIL \n98,671.0 \n49,093.8 \n152,390.8 \n350,269.2 \n166,578.5 \n545,118.2 \n311,310.8 \n105,766.9 \n638,341.8 \n39,837.1 \n533,691.3 \n99,053.9 \n3,090,123.4 \nMAY \n114,053.3 \n55,427.4 \n142,023.3 \n389,384.7 \n255,352.1 \n484,429.7 \n318,129.4 \n92,777.2 \n700,668.7 \n46,593.8 \n578,509.2 \n32,297.7 \n3,209,646.5 \nJUNE \n116,635.2 \n58,578.8 \n147,313.8 \n447,394.5 \n183,146.3 \n352,600.3 \n366,824.2 \n96,685.8 \n701,195.7 \n46,578.5 \n597,373.1 \n104,843.6 \n3,219,169.8 \nJULY \n108,086.6 \n46,449.5 \n120,982.3 \n380,448.8 \n178,341.4 \n677,700.7 \n301,575.9 \n97,583.8 \n710,856.1 \n39,395.9 \n487,954.4 \n102,531.4 \n3,251,906.9 \nAUGUST \n137,107.1 \n48,726.1 \n135,788.5 \n319,106.0 \n174,593.9 \n637,190.7 \n333,255.3 \n99,194.1 \n639,401.6 \n41,996.5 \n417,762.6 \n93,772.1 \n3,077,894.4 \nSEPTEMBER \n100,028.3 \n57,039.8 \n145,652.5 \n380,781.4 \n207,379.2 \n612,131.5 \n408,359.1 \n103,872.8 \n795,047.6 \n46,982.9 \n435,912.4 \n90,265.8 \n3,383,453.4 \nOCTOBER \n94,346.3 \n52,722.4 \n141,401.4 \n338,625.9 \n223,223.8 \n754,145.4 \n339,305.6 \n99,583.3 \n754,116.1 \n41,527.2 \n440,197.9 \n97,771.1 \n3,376,966.4 \nNOVEMBER \n114,178.7 \n47,740.9 \n128,399.3 \n312,639.2 \n241,628.8 \n741,885.4 \n283,426.0 \n80,507.6 \n727,492.5 \n42,901.0 \n458,479.9 \n89,292.5 \n3,268,571.8 \nDECEMBER \n113,914.2 \n51,981.7 \n142,938.1 \n342,785.1 \n213,125.2 \n755,299.4 \n327,658.1 \n83,103.1 \n762,884.4 \n41,827.9 \n432,436.3 \n61,038.7 \n3,328,992.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n130,154.6 \n53,292.9 \n146,876.1 \n353,793.8 \n259,569.6 \n731,703.3 \n304,033.2 \n93,776.7 \n770,435.4 \n40,085.9 \n485,573.1 \n60,897.7 \n3,430,192.5 \nFEBRUARY \n138,812.3 \n55,092.2 \n134,813.9 \n420,181.0 \n262,183.8 \n786,295.6 \n270,062.5 \n131,134.8 \n779,640.3 \n39,169.2 \n508,813.7 \n61,822.3 \n3,588,021.6 \nMARCH \n118,239.1 \n55,167.5 \n135,807.9 \n382,675.5 \n216,025.3 \n791,776.0 \n275,549.1 \n103,298.7 \n806,185.9 \n42,432.8 \n521,381.5 \n72,990.9 \n3,521,530.3 \nAPRIL \n164,347.5 \n59,289.3 \n102,323.7 \n408,823.5 \n325,559.7 \n780,207.0 \n325,659.8 \n135,187.4 \n888,876.2 \n43,746.5 \n582,848.8 \n82,009.8 \n3,898,879.1 \nMAY \n149,474.1 \n60,669.4 \n108,977.6 \n355,802.3 \n332,850.8 \n800,256.8 \n303,599.4 \n132,132.8 \n1,027,552.7 \n38,921.0 \n581,930.2 \n93,334.9 \n3,985,501.8 \nJUNE \n194,685.1 \n64,188.9 \n95,595.6 \n470,267.7 \n291,594.6 \n812,999.7 \n348,303.5 \n130,453.4 \n895,698.0 \n44,735.5 \n575,149.1 \n91,392.4 \n4,015,063.5 \nJULY \n163335.6 \n56812.0 \n87587.5 \n370121.7 \n303367.3 \n830988.6 \n334436.8 \n112985.0 \n880761.1 \n44675.4 \n587756.7 \n94841.5 \n3867669.2 \nAUGUST \n128794.1 \n38934.1 \n90012.5 \n271204.3 \n270009.9 \n755141.6 \n236267.5 \n130548.6 \n865566.6 \n31180.4 \n467724.2 \n89582.4 \n3374966.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n16 \n17 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL \nARREARS) (WITH RBZ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n1999 \n2000 \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n2012 \n2013 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,530 \n3,227 \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4,951 \n5,175 \n6,096 \n6,607 \n7,370 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,461 \n2,249 \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4,037 \n4,095 \n4,638 \n4,929 \n5,012 \nBilateral Creditors \n935 \n1,050 \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2,308 \n2,325 \n2,597 \n2,694 \n2,928 \nMultilateral Creditors \n1,235 \n1,199 \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1,729 \n1,770 \n2,041 \n2,235 \n2,084 \nPrivate Creditors \n291 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n0 \n0 \nPublic Enterprises \n543 \n534 \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,092 \n1,198 \n1,356 \nBilateral Creditors \n316 \n301 \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n711 \n703 \n858 \nMultilateral Creditors \n224 \n233 \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n382 \n495 \n498 \nPrivate Creditors \n3 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \nMonetary Authorities \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nMultilateral Creditors - IMF \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nPrivate \n162 \n152 \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n366 \n480 \n1,002 \nShort-Term External Debt \n532 \n298 \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1,198 \n1,382 \n1,289 \n890 \n1,564 \nSupplier's Credits \n150 \n42 \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n134 \n30 \n0 \nReserve Bank \n \n \n \n \n \n \n \n \n \n \n642 \n642 \n618 \n614 \n614 \nPrivate \n382 \n256 \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n537 \n246 \n950 \nTotal External Debt \n4,062 \n3,525 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6,289 \n6,695 \n7,385 \n7,497 \n8,934 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n5,990 \n6,107 \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6,133 \n7,433 \n8,865 \n8,865 \n12,973 \nExternal Debt / GDP \n68% \n57.7% 31.4% 52.3% 75.7% 94.7% 136.3% \n63.9% \n110.5% 147.7% 102.5% \n90.1% \n83.3% 84.6% 68.9% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of \nFinance and Reserve Bank \nof Zimbabwe \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n18 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \nMay \n9.00-35.00 \n14.25 \n9.89 \n13.00-23.00 \n17.66 \n17.02 \nJun \n9.00-35.00 \n14.29 \n9.46 \n15.00-22.50 \n17.78 \n16.89 \nJul \n6.00-35.00 \n14.39 \n9.65 \n15.00-28.00 \n17.70 \n16.97 \nAug \n6.00-35.00 \n13.82 \n9.32 \n15.00-23.00 \n18.32 \n16.92 \nSep \n6.00-35.00 \n14.03 \n9.37 \n15.00-22.50 \n18.31 \n16.94 \nOct \n6.00-35.00 \n13.95 \n9.25 \n15.00-23.00 \n18.67 \n17.66 \nNov \n6.00-35.00 \n14.18 \n9.40 \n15.00-23.00 \n18.84 \n17.72 \nDec \n6.00-35.00 \n14.13 \n9.35 \n15.00-23.00 \n18.84 \n17.76 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n6.00-35.00 \n14.09 \n9.30 \n15.00-23.00 \n18.88 \n17.74 \nFeb \n6.00-35.00 \n14.08 \n9.32 \n15.00-23.00 \n18.88 \n17.73 \nMar \n6.00-35.00 \n14.24 \n9.27 \n15.00-23.00 \n18.88 \n17.73 \nApr \n6.00-35.00 \n14.22 \n9.12 \n15.00-23.00 \n18.88 \n17.73 \nMay \n6.00-35.00 \n14.39 \n9.25 \n15.00-23.00 \n18.87 \n17.74 \nJune \n6.00-35.00 \n14.44 \n9.33 \n15.00-23.00 \n19.00 \n18.00 \nJuly \n6.00-35.00 \n14.33 \n9.45 \n15.00-23.00 \n19.00 \n18.00 \nAugust \n6.00-35.00 \n14.28 \n9.45 \n15.00-23.00 \n19.00 \n18.00 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n3. Lending rates exclude rates on staff loans. \n \n \n19 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nMAY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJUNE \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJULY \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nAUGUST \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nOCTOBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nNOVEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nDECEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n2014 \n \n \n \nJANUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nFEBRUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nMARCH \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nAPRIL \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nMAY \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nJUNE \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nJULY \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nAUGUST \n0.15-8.00 \n4.00-20.00 \n11.00-12.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates quoted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE HEALTH \nTRANSPOR\nT \nCOMMUNI-\nCATION \nRECREATION \n& \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOCTOBER \n1.21 \n0.00 \n-0.01 \n-0.36 \n0.06 \n-0.32 \n-0.07 \n-0.15 \n0.02 \n-0.08 \n-0.20 \n-0.04 \n0.04 \n-0.01 \nNOVEMBER \n0.38 \n-0.19 \n-0.01 \n-0.37 \n0.10 \n-0.13 \n-0.01 \n-0.13 \n5.57 \n1.08 \n-0.27 \n0.43 \n-0.60 \n0.09 \nDECEMBER \n0.14 \n-0.01 \n0.37 \n-0.29 \n0.12 \n0.27 \n0.05 \n-0.22 \n0.00 \n0.00 \n-0.46 \n0.08 \n-0.41 \n-0.08 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n0.20 \n-0.07 \n0.00 \n0.01 \n-0.23 \n0.01 \n0.00 \n-0.07 \n0.02 \n0.16 \n-0.09 \n0.00 \n0.44 \n0.14 \nFEBRUARY \n-0.01 \n-0.09 \n-0.11 \n-0.08 \n0.09 \n0.08 \n0.00 \n-0.04 \n0.23 \n-0.08 \n0.07 \n-0.01 \n0.18 \n0.05 \nMARCH \n-0.05 \n-0.06 \n-0.82 \n-0.12 \n0.02 \n0.00 \n0.01 \n0.00 \n0.00 \n0.01 \n-0.30 \n-0.26 \n-0.14 \n-0.22 \nAPRIL \n0.30 \n-0.10 \n-0.13 \n-0.75 \n0.16 \n0.33 \n-0.02 \n0.34 \n12.64 \n-1.02 \n-0.03 \n1.09 \n-0.46 \n0.58 \nMAY \n0.11 \n-0.11 \n-0.06 \n-0.29 \n0.00 \n0.23 \n-0.03 \n-0.20 \n0.07 \n-0.13 \n-0.43 \n-0.05 \n-0.30 \n-0.13 \nJUNE \n-0.05 \n0.12 \n0.00 \n0.06 \n0.30 \n-0.03 \n0.00 \n-0.09 \n0.00 \n-0.11 \n0.15 \n0.02 \n-0.12 \n-0.03 \nJULY \n-0.47 \n-0.21 \n0.12 \n0.30 \n-0.01 \n0.11 \n-0.12 \n-0.13 \n-0.08 \n1.79 \n0.85 \n-0.37 \n0.25 \n0.01 \nAUGUST \n-0.81 \n-0.05 \n-0.09 \n0.00 \n-0.14 \n0.04 \n0.28 \n-0.06 \n-0.08 \n-0.02 \n0.02 \n-1.21 \n-0.07 \n-0.31 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n20 \n21 \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCOHOL-\nIC BEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TOBAC-\nCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVERAG-\n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSEPTEMBER \n4.36 \n0.61 \n3.70 \n-0.37 \n2.10 \n5.06 \n-13.66 \n-1.01 \n5.74 \n1.23 \n0.93 \n1.45 \n-0.32 \n0.86 \nOCTOBER \n5.23 \n0.25 \n2.96 \n-0.70 \n2.21 \n1.40 \n-13.76 \n-0.73 \n9.05 \n0.83 \n-0.20 \n1.25 \n-0.74 \n0.59 \nNOVEMBER \n5.94 \n-0.07 \n3.51 \n-1.03 \n2.42 \n-7.04 \n-13.83 \n-0.92 \n11.19 \n2.06 \n-0.35 \n1.58 \n-1.51 \n0.54 \nDECEMBER \n4.26 \n0.09 \n3.63 \n-1.08 \n2.11 \n1.61 \n-13.99 \n-1.03 \n11.29 \n2.03 \n-0.87 \n1.61 \n-2.20 \n0.33 \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n5.03 \n0.03 \n3.63 \n-1.07 \n1.87 \n1.62 \n-14.00 \n-1.12 \n11.30 \n2.18 \n-0.43 \n1.67 \n-2.08 \n0.41 \nFEBRUARY \n2.21 \n-0.43 \n3.09 \n-1.35 \n0.44 \n0.05 \n-13.86 \n-1.08 \n11.47 \n1.32 \n-1.45 \n0.93 \n-3.26 \n-0.49 \nMARCH \n1.67 \n-0.53 \n2.21 \n-1.82 \n0.40 \n-0.44 \n-13.68 \n-1.21 \n11.47 \n2.47 \n-1.82 \n0.51 \n-3.71 \n-0.91 \nAPRIL \n1.78 \n-0.55 \n0.46 \n-2.60 \n0.22 \n-0.11 \n-0.62 \n-0.93 \n20.71 \n1.13 \n-1.56 \n1.50 \n-3.73 \n-0.26 \nMAY \n1.91 \n-0.83 \n0.39 \n-2.62 \n0.29 \n0.86 \n-0.60 \n-0.64 \n20.79 \n0.95 \n-1.69 \n1.62 \n-3.75 \n-0.19 \nJUNE \n1.68 \n-0.81 \n0.40 \n-2.54 \n0.64 \n0.97 \n-0.27 \n-0.84 \n20.79 \n0.99 \n-1.67 \n1.67 \n-3.54 \n-0.08 \nJULY \n-2.88 \n1.64 \n-0.68 \n0.7 \n-2.4 \n0.8 \n0.5 \n-0.4 \n-0.8 \n23.0 \n1.8 \n-2.0 \n1.9 \n0.3 \nAUGUST \n-2.79 \n2.02 \n-0.44 \n-0.1 \n-2.5 \n0.6 \n0.7 \n-0.3 \n-0.8 \n21.4 \n0.9 \n-2.8 \n1.6 \n0.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n22 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \nMAY \n10.08 \n8.65 \n100.85 \n1.30 \n1.52 \nJUNE \n9.94 \n8.60 \n98.74 \n1.31 \n1.53 \nJULY \n9.83 \n8.49 \n98.31 \n1.33 \n1.53 \nAUGUST \n10.33 \n8.75 \n98.18 \n1.32 \n1.55 \nSEPTEMBER \n10.10 \n8.58 \n97.92 \n1.35 \n1.62 \nOCTOBER \n9.95 \n8.50 \n98.28 \n1.37 \n1.60 \nNOVEMBER \n10.19 \n8.64 \n102.33 \n1.36 \n1.64 \nDECEMBER \n10.43 \n8.72 \n105.02 \n1.38 \n1.65 \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11.21 \n9.09 \n102.47 \n1.35 \n1.65 \nFEBRUARY \n10.71 \n8.85 \n101.74 \n1.37 \n1.67 \nMARCH \n10.56 \n8.85 \n102.38 \n1.38 \n1.68 \nAPRIL \n10.57 \n8.85 \n102.38 \n1.38 \n1.68 \nMAY \n10.44 \n8.73 \n101.61 \n1.36 \n1.67 \nJUNE \n10.58 \n8.67 \n101.30 \n1.36 \n1.70 \nJULY \n10.68 \n8.85 \n102.76 \n1.36 \n1.69 \nAUGUST \n10.98 \n9.07 \n107.35 \n1.29 \n1.63 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n23 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon \nFinan-\ncial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May \n250.9 \n400.9 \n198.2 \n296.7 \n253.5 \n75.4 \n5.3 \n1,480.8 \n25.8 \n2,673.2 \n389.8 \n208.0 \n382.9 \n5,160.5 \nJun \n227.2 \n416.4 \n171.9 \n257.5 \n271.8 \n75.5 \n5.3 \n1,425.8 \n26.0 \n2,698.3 \n364.1 \n217.8 \n384.6 \n5,116.5 \nJul \n266.5 \n352.8 \n164.2 \n266.1 \n263.8 \n110.2 \n6.4 \n1,429.9 \n26.5 \n2,701.3 \n337.1 \n229.8 \n387.0 \n5,111.7 \n Aug. \n322.8 \n277.9 \n136.4 \n242.5 \n237.8 \n61.1 \n6.4 \n1,285.0 \n26.2 \n2,813.0 \n367.0 \n218.3 \n385.2 \n5,094.7 \n Sep \n334.1 \n336.0 \n178.0 \n327.8 \n226.3 \n111.5 \n6.0 \n1,519.7 \n26.9 \n2773.3 \n298.8 \n234.7 \n386.4 \n5,239.8 \nOct \n379.4 \n387.5 \n137.1 \n219.7 \n260.9 \n99.4 \n5.0 \n1,489.0 \n17.3 \n2,809.1 \n316.7 \n257.3 \n371.5 \n5,260.9 \nNov \n333.3 \n312.7 \n160.2 \n197.1 \n261.1 \n108.6 \n6.5 \n1,379.5 \n26.6 \n2,789.7 \n291.3 \n235.4 \n369.8 \n5,092.3 \nDec \n 354.8 \n367.8 \n135.5 \n 287.3 \n199.9 \n118.0 \n6.6 \n1,469.9 \n28.4 \n2,799.5 \n490.8 \n259.5 \n347.6 \n5,395.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n356.9 \n395.3 \n134.1 \n253.1 \n153.0 \n119.2 \n5.4 \n1,417.0 \n27.9 \n2,866.4 \n516.1 \n362.2 \n353.9 \n5,543.5 \nFeb \n334.3 \n387.0 \n130.5 \n285.0 \n195.0 \n193.2 \n5.4 \n1,530.0 \n32.8 \n2,718.1 \n534.5 \n502.9 \n351.1 \n5,669.5 \nMar \n304.6 \n354.1 \n147.4 \n280.3 \n165.9 \n255.2 \n5.4 \n1,512.9 \n28.7 \n2,737.9 \n522.7 \n538.8 \n349.7 \n5,690.7 \n Apr \n353.3 \n367.8 \n154.4 \n274.9 \n205.7 \n247.0 \n5.4 \n1,608.4 \n32.5 \n2,844.6 \n534.1 \n345.3 \n348.6 \n5,713.6 \n May \n327.8 \n421.1 \n120.5 \n372.8 \n211.5 \n241.7 \n5.4 \n1,700.6 \n27.5 \n2,836.8 \n591.4 \n366.2 \n347.1 \n5,869.6 \nJun \n347.1 \n404.7 \n166.4 \n338.1 \n198.0 \n261.9 \n0.0 \n1,716.1 \n16.2 \n2,863.2 \n607.8 \n362.9 \n346.1 \n5,912.6 \nJul \n347.1 \n321.3 \n176.7 \n276.3 \n186.0 \n246.2 \n0.0 \n1,553.7 \n15.4 \n2,940.4 \n597.5 \n347.4 \n345.6 \n5,800.0 \nAug \n360.7 \n424.5 \n178.5 \n243.5 \n173.9 \n237.5 \n0.0 \n1,618.6 \n15.5 \n2,949.1 \n609.5 \n353.9 \n346.4 \n5,892.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n24 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nMay \n2,066.0 \n913.0 \n479.9 \n3,459.0 \n346.5 \n0.0 \n81.8 \n674.4 \n389.8 \n209.0 \n5,160.4 \n3,459.0 \nJun \n2,013.9 \n919.6 \n298.9 \n3,232.4 \n553.0 \n0.0 \n74.1 \n702.3 \n364.1 \n190.6 \n5,116.5 \n3,232.4 \nJul \n2,054.1 \n916.2 \n245.9 \n3,216.2 \n578.3 \n0.0 \n77.5 \n699.7 \n337.1 \n202.9 \n 5,111.7 \n3,216.2 \nAug \n2,017.4 \n879.5 \n253.2 \n3,150.1 \n608.2 \n0.0 \n63.8 \n694.9 \n367.0 \n210.8 \n5,094.7 \n3,150.1 \nSep \n2,082.1 \n899.3 \n294.5 \n3,275.8 \n674.6 \n0.0 \n 74.0 \n708.8 \n298.8 \n207.7 \n5,239.8 \n3,275.8 \nOct \n2,125.9 \n880.0 \n349.3 \n3,355.2 \n611.4 \n0.0 \n68.5 \n703.0 \n316.7 \n206.0 \n5,260.9 \n3,355.2 \nNov \n1,953.4 \n861.2 \n 371.6 \n3,186.2 \n627.8 \n0.0 \n75.8 \n689.7 \n291.3 \n221.6 \n5,092.3 \n3,186.2 \nDec \n 1,980.4 \n813.6 \n 517.1 \n3,311.1 \n614.0 \n0.0 \n65.0 \n730.9 \n490.8 \n 184.0 \n 5,395.7 \n3,311.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,153.6 \n802.7 \n403.5 \n3,359.8 \n661.3 \n0.0 \n55.9 \n592.9 \n516.1 \n357.5 \n5,543.5 \n3,359.8 \nFeb \n2,111.8 \n878.8 \n494.6 \n3,485.2 \n630.0 \n0.0 \n51.1 \n609.5 \n534.5 \n359.0 \n5,669.5 \n3,485.2 \nMar \n2,156.8 \n919.6 \n454.2 \n3,530.6 \n635.5 \n0.0 \n44.8 \n596.4 \n522.7 \n360.7 \n5,690.7 \n3,530.6 \n Apr \n2,267.5 \n958.3 \n435.7 \n3,661.5 \n553.5 \n0.0 \n17.0 \n595.0 \n534.1 \n352.4 \n5,713.6 \n3,661.5 \n May \n2,294.9 \n975.8 \n451.7 \n3,722.4 \n585.0 \n0.0 \n13.7 \n591.1 \n591.4 \n366.1 \n5,869.6 \n3,722.4 \nJun \n2,248.9 \n989.8 \n506.1 \n3,744.8 \n543.8 \n0.0 \n48.3 \n591.2 \n607.8 \n376.7 \n5,912.6 \n3,744.8 \nJul \n2,130.4 \n892.9 \n606.6 \n3,629.9 \n560.8 \n0.0 \n39.5 \n571.5 \n597.5 \n400.6 \n5,800.0 \n3,629.9 \nAug \n2202.3 \n963.1 \n539.9 \n3705.3 \n552.7 \n0.0 \n43.5 \n580.7 \n609.5 \n401.2 \n5892.9 \n3,705.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n25 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \n \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAug \n1.4 \n1.7 \n0.4 \n0.6 \n3.4 \n0.0 \n7.4 \n0.0 \n265.6 \n34.5 \n45.5 \n37.3 \n390.3 \n \nSep \n1.2 \n0.8 \n0.0 \n0.3 \n3.4 \n0.0 \n5.7 \n0.0 \n233.7 \n35.8 \n46.6 \n38.6 \n360.4 \n \nOct \n0.9 \n0.5 \n0.4 \n0.6 \n2.5 \n0.0 \n4.8 \n0.0 \n234.8 \n35.6 \n41.3 \n38.7 \n355.2 \n \nNov \n0.4 \n0.6 \n0.1 \n0.2 \n2.5 \n0.0 \n3.9 \n0.0 \n231.9 \n35.5 \n39.6 \n38.3 \n349.2 \n \nDec \n1.1 \n0.5 \n0.1 \n0.4 \n2.5 \n0.0 \n4.6 \n0.0 \n232.7 \n35.5 \n29.2 \n40.5 \n342.5 \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n0.1 \n0.5 \n0.0 \n0.2 \n1.8 \n0.0 \n2.6 \n0.0 \n81.3 \n10.0 \n23.5 \n34.7 \n152.1 \n \nFeb \n0.2 \n0.4 \n0.1 \n0.1 \n1.8 \n0.0 \n2.5 \n0.0 \n77.6 \n9.0 \n24.1 \n34.6 \n147.9 \n \nMar \n0.1 \n0.1 \n0.1 \n0.1 \n1.6 \n0.0 \n2.0 \n0.0 \n53.2 \n8.7 \n21.8 \n32.5 \n118.1 \n \nApr \n0.1 \n0.4 \n0.2 \n0.3 \n1.6 \n0.0 \n2.6 \n0.0 \n75.2 \n8.5 \n22.2 \n32.4 \n140.9 \n \nMay \n0.2 \n0.4 \n0.0 \n0.1 \n0.3 \n0.0 \n0.9 \n0.0 \n68.7 \n0.1 \n14.6 \n30.3 \n114.6 \n \nJun \n0.2 \n0.2 \n0.1 \n0.1 \n0.6 \n0.0 \n1.2 \n0.0 \n66.8 \n0.1 \n14.7 \n29.6 \n112.4 \n \nJul \n0.2 \n0.3 \n0.0 \n0.1 \n0.3 \n0 \n0.9 \n0.0 \n66.9 \n0.1 \n12.9 \n28.7 \n109.6 \n \nAug \n0.2 \n0.7 \n0.0 \n0.1 \n0.3 \n0.0 \n1.3 \n0.0 \n64.4 \n0.0 \n19.4 \n23.9 \n109.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n26 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nAug \n109.5 \n80.6 \n 25.2 \n215.2 \n47.5 \n0.0 \n1.2 \n-101.7 \n34.5 \n 193.6 \n390.3 \n 215.2 \nSep \n111.2 \n82.6 \n19.0 \n212.8 \n47.9 \n0.0 \n1.2 \n-114.9 \n35.8 \n177.8 \n360.4 \n212.8 \nOct \n112.5 \n80.4 \n14.9 \n207.8 \n48.3 \n0.0 \n1.2 \n-114.3 \n35.6 \n176.7 \n355.2 \n207.8 \nNov \n122.6 \n59.7 \n20.0 \n202.3 \n48.2 \n0.0 \n1.2 \n-118.2 \n35.5 \n180.2 \n349.2 \n202.3 \nDec \n134.5 \n56.4 \n6.9 \n 197.8 \n48.9 \n0.0 \n1.2 \n-127.6 \n35.5 \n186.7 \n342.5 \n 197.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n36.8 \n57.7 \n5.7 \n100.1 \n11.7 \n0.0 \n0.0 \n0.7 \n10.0 \n29.6 \n152.1 \n100.1 \nFeb \n47.6 \n48.3 \n0.0 \n95.8 \n11.7 \n0.0 \n0.0 \n-10.9 \n9.0 \n42.3 \n147.9 \n95.8 \nMar \n41.0 \n55.8 \n0.0 \n96.9 \n12.0 \n0.0 \n0.0 \n-17.7 \n8.7 \n18.4 \n118.1 \n96.9 \nApr \n57.4 \n40.3 \n0.0 \n97.7 \n12.2 \n0.0 \n0.0 \n-19.8 \n8.5 \n42.4 \n140.9 \n97.7 \nMay \n42.8 \n34.6 \n0.0 \n77.4 \n0.0 \n0.0 \n0.0 \n4.7 \n0.1 \n32.5 \n114.6 \n77.4 \nJun \n42.8 \n33.2 \n0.0 \n76.0 \n0.0 \n0.0 \n0.0 \n2.3 \n0.1 \n33.7 \n112.3 \n76.0 \nJul \n42.6 \n33.8 \n0.0 \n76.3 \n0.0 \n0.0 \n0.0 \n-8.7 \n0.1 \n41.8 \n109.6 \n76.3 \nAug \n36.4 \n40.4 \n0.0 \n76.8 \n0.0 \n0.0 \n0.0 \n-7.8 \n0.0 \n40.0 \n109.0 \n76.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n27 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \nJan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \nFeb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \nMar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \nApr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \nMay \n30.2 \n179.6 \n0.2 \n20.3 \n230.0 \n307.3 \n120.3 \n40.4 \n121.9 \n820.0 \nJun \n28.6 \n178.8 \n0.0 \n20.0 \n227.3 \n314.2 \n122.4 \n44.6 \n121.8 \n830.3 \nJul \n26.1 \n207.4 \n0.0 \n20.0 \n253.5 \n312.4 \n123.1 \n48.6 \n121.6 \n859.2 \nAug \n34.7 \n204.1 \n0.0 \n20.0 \n258.8 \n320.6 \n123.0 \n46.4 \n124.1 \n872.9 \nSep \n36.4 \n204.9 \n0.0 \n20.0 \n261.3 \n353.4 \n122.7 \n52.2 \n124.6 \n914.2 \nOct \n39.3 \n186.8 \n0.0 \n20.0 \n246.1 \n358.4 \n128.2 \n51.8 \n122.4 \n906.9 \nNov \n39.7 \n163.1 \n0.0 \n40.0 \n242.8 \n361.6 \n135.8 \n43.6 \n122.9 \n906.7 \nDec \n34.8 \n158.8 \n0.0 \n40.0 \n233.6 \n381.5 \n127.7 \n55.2 \n123.0 \n920.9 \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \nJan \n30.9 \n147.5 \n0.2 \n40.0 \n218.6 \n384.5 \n136.4 \n64.4 \n125.3 \n929.1 \nFeb \n30.2 \n165.0 \n0.2 \n40.0 \n235.3 \n385.8 \n132.0 \n65.4 \n125.4 \n943.9 \nMar \n47.5 \n166.2 \n0.2 \n40.0 \n253.8 \n390.4 \n132.1 \n68.8 \n125.0 \n970.1 \nApr \n45.2 \n161.0 \n0.2 \n40.0 \n246.5 \n401.8 \n132.4 \n76.6 \n124.7 \n981.9 \nMay \n47.7 \n190.7 \n0.2 \n40.0 \n278.6 \n394.0 \n147.0 \n82.7 \n124.3 \n1,026.7 \nJun \n39.5 \n187.9 \n0.0 \n40.0 \n267.4 \n400.0 \n150.4 \n84.0 \n124.4 \n1,026.1 \nJul \n40.6 \n180.9 \n0.0 \n40.0 \n261.5 \n431.8 \n159.4 \n84.1 \n124.4 \n1,061.2 \nAug \n17.8 \n219.8 \n0.0 \n51.4 \n289.1 \n442.4 \n166.5 \n86.4 \n124.2 \n1,108.6 \n \n \n \n \n \n \n \n \n \n \n \n28 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n May \n315.3 \n212.0 \n527.4 \n193.3 \n23.4 \n820.0 \n527.4 \n Jun \n309.0 \n222.6 \n531.6 \n198.3 \n100.4 \n830.3 \n531.6 \n Jul \n339.1 \n222.8 \n561.9 \n202.0 \n95.3 \n859.2 \n561.9 \n Aug \n298.4 \n270.1 \n568.4 \n206.3 \n98.2 \n872.9 \n568.4 \n Sep \n336.1 \n246.9 \n583.0 \n209.2 \n122.0 \n914.2 \n583.0 \n Oct \n310.9 \n264.9 \n575.8 \n212.0 \n119.4 \n907.2 \n575.8 \n Nov \n328.9 \n244.3 \n573.1 \n214.8 \n118.8 \n906.7 \n573.1 \n Dec \n370.3 \n197.3 \n567.6 \n219.6 \n133.9 \n921.0 \n567.6 \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n313.9 \n253.1 \n567.0 \n225.9 \n136.2 \n929.1 \n567.0 \nFeb \n318.7 \n264.4 \n583.1 \n228.6 \n132.2 \n943.9 \n583.1 \nMar \n374.6 \n234.6 \n609.2 \n231.4 \n129.5 \n970.1 \n609.2 \nApr \n358.4 \n262.7 \n621.1 \n234.0 \n126.8 \n981.9 \n621.1 \nMay \n436.2 \n233.2 \n669.4 \n238.0 \n119.1 \n1,026.7 \n669.4 \nJun \n440.1 \n212.2 \n652.3 \n243.1 \n130.9 \n1,026.3 \n652.3 \nJuly \n362.4 \n302.9 \n665.3 \n244.2 \n151.9 \n1,061.3 \n665.3 \nAug \n358.8 \n336.8 \n695.5 \n250.6 \n162..6 \n1,108.7 \n695.5 \n \n \n \n \n \n \n \n \n29 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \nApr \n189.66 \n71.98 \n4,894.68 \nMay \n212.72 \n73.99 \n5,471.22 \nJun \n211.19 \n73.29 \n5,436.57 \nJul \n232.87 \n66.77 \n5,9136.78 \nAug \n181.67 \n48.73 \n4,682.27 \nSep \n200.05 \n49.90 \n5,157.20 \nOct \n209.74 \n52.68 \n5,407.42 \nNov \n213.04 \n47.02 \n5,482.03 \nDec \n202.12 \n45.79 \n5,203.13 \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n189.25 \n35.40 \n4,882.11 \nFeb \n189.45 \n39.24 \n4,906.94 \nMar \n176.32 \n29.51 \n4,560.29 \nApr \n172.91 \n29.64 \n4,473.51 \nMay \n174.89 \n35.45 \n4,485.11 \nJun \n186.57 \n61.32 \n4,873.40 \nJuly \n188.07 \n95.00 \n4,959.21 \nAug \n196.43 \n104.8 \n5,186.63 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \n30 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \nMay \n1,393.0 \n121.5 \n66.2 \n527.4 \n2,108.0 \nJune \n1,218.4 \n108.6 \n70.6 \n531.6 \n1,929.2 \nJuly \n1,162.1 \n109.7 \n70.8 \n561.9 \n1,904.5 \nAugust \n1,132.7 \n105.8 \n70.4 \n568.4 \n1,877.2 \nSeptember \n1,193.8 \n101.6 \n69.8 \n583.0 \n1,948.2 \nOctober \n1,229.3 \n95.2 \n69.3 \n575.8 \n1,969.7 \nNovember \n1,232.8 \n79.7 \n73.4 \n573.1 \n1,959.0 \nDecember \n1,330.7 \n63.3 \n72.7 \n567.6 \n2,034.3 \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,206.2 \n63.3 \n70.1 \n567.0 \n1,906.7 \nFebruary \n1,373.4 \n48.3 \n71.5 \n583.1 \n2,076.3 \nMarch \n1,373.8 \n55.8 \n75.1 \n609.2 \n2,113.9 \nApril \n1,394.0 \n40.3 \n81.0 \n621.1 \n2,136.4 \nMay \n1,427.5 \n34.6 \n77.5 \n669.4 \n2,209.0 \nJune \n1,495.8 \n33.2 \n81.3 \n652.3 \n2,262.6 \nJuly \n1,499.5 \n33.8 \n84.2 \n665.3 \n2,282.80 \nAug \n1,502.9 \n40.4 \n84.0 \n695.5 \n2,322.9 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \n31 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n1,035.2 \n200.3 \n36.2 \n66.0 \n-29.8 \nFebruary \n1,244.9 \n1,025.4 \n219.5 \n26.9 \n67.3 \n-40.4 \nMarch \n1,277.6 \n1,016.2 \n261.4 \n8.9 \n65.8 \n-57.0 \nApril \n1,491.7 \n1,050.1 \n441.6 \n23.4 \n68.5 \n-45.1 \nMay \n1,480.8 \n1,037.7 \n443.1 \n27.3 \n70.1 \n-42.8 \nJune \n1,425.8 \n969.7 \n456.0 \n24.1 \n66.9 \n-42.8 \nJuly \n1,429.9 \n964.9 \n465.1 \n11.6 \n66.3 \n-54.7 \nAugust \n1,285.0 \n945.0 \n340.0 \n7.4 \n64.6 \n-57.2 \nSeptember \n1,519.7 \n982.7 \n536.9 \n5.7 \n63.8 \n-58.1 \nOctober \n1,489.0 \n1,006.6 \n482.5 \n4.8 \n62.3 \n-57.5 \nNovember \n1,379.5 \n955.9 \n423.7 \n3.9 \n60.7 \n-56.8 \nDecember \n1,469.9 \n993.3 \n476.6 \n4.6 \n59.3 \n-54.7 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,417.0 \n1,007.9 \n409.0 \n2.6 \n30.0 \n-27.4 \nFebruary \n1,466.6 \n1,045.6 \n421.0 \n2.5 \n28.7 \n-26.2 \nMarch \n1,512.9 \n1,059.2 \n453.7 \n2.0 \n29.1 \n-27.1 \nApril \n1,608.4 \n1,098.5 \n509.9 \n2.6 \n29.3 \n-26.7 \nMay \n1,700.6 \n1,116.7 \n583.9 \n0.9 \n23.2 \n-22.3 \nJune \n1,716.1 \n1,123.4 \n592.7 \n1.2 \n22.8 \n-21.6 \nJuly \n1,553.7 \n1,089.0 \n464.7 \n0.9 \n22.9 \n-22.0 \nAugust \n1,618.6 \n1,111.6 \n507.0 \n1.3 \n23.0 \n-21.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from May 2012, the prescribed liquid asset ratio was reviewed to 30% of liabilities to the public. \n32 \nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nValues of Transactions (US$ in millions) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n3,563.84 \n5.24 \n80.72 \n173.71 \n115.53 \n89.67 \nFeb \n2,968.02 \n5.52 \n103.88 \n156.66 \n118.70 \n80.56 \nMar \n3,339.98 \n15.21 \n134.33 \n178.08 \n118.47 \n102.05 \nApr \n3,535.58 \n16.58 \n140.28 \n187.85 \n160.61 \n123.03 \nMay \n3,915.31 \n15.42 \n129.20 \n203.37 \n211.75 \n152.24 \nJun \n3,544.35 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJul \n3,955.45 \n12.31 \n132.61 \n205.37 \n164.08 \n139.13 \nAug \n3,351.13 \n10.45 \n138.05 \n203.41 \n189.48 \n128.68 \nSep \n3,409.17 \n13.34 \n120.41 \n190.44 \n173.13 \n142.32 \nOct \n3,641.98 \n13.75 \n121.55 \n206.51 \n201.51 \n156.26 \nNov \n3,134.35 \n11.40 \n102.19 \n229.52 \n222.18 \n57.34 \nDec \n3,438.08 \n4.04 \n130.15 \n265.80 \n268.94 \n68.58 \n \n \n \n \n \n \n \nAnnual Total \n41,797.24 \n136.91 \n1,450.48 \n2,382.07 \n2,091.02 \n1,361.84 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n3,093.01 \n5.24 \n102.26 \n233.10 \n228.25 \n68.31 \nFeb \n2,954.93 \n10.73 \n96.27 \n193.90 \n217.14 \n64.42 \nMar \n3,332.79 \n10.40 \n103.58 \n232.94 \n255.32 \n87.94 \nApr \n3,439.33 \n9.66 \n126.26 \n253.16 \n264.38 \n96.29 \nMay \n3,915.31 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJune \n3,657.44 \n12.42 \n110.38 \n250.87 \n284.18 \n104.28 \nJuly \n3,955.45 \n11.72 \n125.81 \n267.00 \n312.35 \n101.75 \nAugust \n 3,467.34 \n9.36 \n 135.90 \n 273.39 \n 320.36 \n103.26 \n \n \n \n \n \n \n \n36 \nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nVolumes of Transactions (in thousands) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n181.68 \n21.18 \n761.09 \n691.18 \n6,950.84 \n47.53 \nFeb \n172.41 \n21.95 \n811.83 \n620.06 \n6,835.89 \n30.75 \nMar \n179.44 \n37.01 \n1,377.65 \n743.82 \n7,042.27 \n33.69 \nApr \n182.87 \n37.31 \n954.80 \n760.46 \n9,908.41 \n34.73 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n185.80 \n34.36 \n968.54 \n731.17 \n9,110.97 \n36.87 \nJul \n205.85 \n35.41 \n1,052.26 \n822.57 \n10,099.72 \n42.74 \nAug \n187.25 \n30.29 \n1,114.86 \n825.75 \n11,551.94 \n41.78 \nSep \n201.22 \n33.17 \n1,003.98 \n799.62 \n8,701.56 \n44.48 \nOct \n212.66 \n35.69 \n1,073.88 \n873.19 \n9,769.81 \n48.59 \nNov \n186.64 \n31.74 \n904.27 \n927.93 \n14,753.35 \n24.04 \nDec \n180.80 \n11.82 \n1,033.73 \n1,042.32 \n12,273.02 \n23.56 \n \n \n \n \n \n \n \nAnnual Total \n2,291.82 \n367.02 \n12,011.07 \n9,631.50 \n119,144.68 \n447.44 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n182.48 \n29.41 \n973.79 \n815.89 \n11,141.19 \n24.19 \nFeb \n175.09 \n32.95 \n991.91 \n799.12 \n10,631.60 \n25.10 \nMar \n192.02 \n32.35 \n1,163.76 \n947.64 \n12,859.50 \n30.82 \nApr \n183.63 \n28.12 \n1,184.85 \n974.37 \n13,298.04 \n29.23 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n193.58 \n32.98 \n1,164.73 \n966.45 \n14,163.56 \n34.25 \nJuly \n199.59 \n34.34 \n1,272.91 \n1038.44 \n15,370.63 \n37.68 \nAugust \n 170.86 \n 27.25 \n 1,300.35 \n 1,122.41 \n 16,268.07 \n 33.84", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/August2014.pdf"}

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+{"doc_id": "2c924232739f28b2157388fa26196e0f", "text": "i \n \n \n \n \n \n \n \n \nFEBRUARY 2023 \n \n2 \n \nTABLE OF CONTENTS \n \nSELECTED ECONOMIC INDICATORS ................................................................................. 3 \nOVERVIEW .................................................................................................................................. 4 \nINTERNATIONAL COMMODITY PRICE DEVELOPMENTS ........................................... 4 \nPrecious Metals .......................................................................................................................... 4 \nBase Metals ................................................................................................................................ 5 \nCopper ........................................................................................................................................ 5 \nBrent Crude Oil............................................................................................................................. 5 \nSTOCK MARKET DEVELOPMENTS ..................................................................................... 7 \nZimbabwe Stock Exchange .......................................................................................................... 7 \nVictoria Falls Stock Exchange ..................................................................................................... 8 \nVFEX Market Capitalization....................................................................................................... 8 \nINFLATION OUTTURN ............................................................................................................. 8 \nMonthly Inflation ...................................................................................................................... 9 \nNATIONAL PAYMENTS SYSTEM .......................................................................................... 9 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ............................................... 9 \nCash Transactions ................................................................................................................... 10 \nMobile and Internet Based Transactions .............................................................................. 10 \nCard Based Transactions ....................................................................................................... 10 \n \n \n \n \n \n \n \n \n \n \n3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2022 \n \nJanuary \n2023 \n \nFebruary \n \nMonth-on- Month \nChange (%) \n \nReserve Money2 (M0) (ZW$ millions) \n122,997.66 \n204,036.13 \n65.89 \nMoney Supply2 (M3) (ZW$ millions) \n2,697,360.47 \n2,928,243.29 \n8.56 \nAnnual Inflation1 (%) \n \n101.5 \n92.3 \n-9.2a \nMonthly Inflation1 (%) \n0.7 \n-1.6 \n-2.3a \n \nNational Payment System Transactions2 \n(ZW$ billions) \n \n4,002.19 \n3,857.23 \n-3.62 \nNominal Lending Rate2 \n(% per annum) \n100.00-240.00 \n65.00-230.00 \n \nSources: \n1. Zimbabwe National Statistics Agency (ZIMSTAT) \n2. Reserve Bank of Zimbabwe (RBZ) \na- Percentage point. \nSELECTED ECONOMIC INDICATORS \n \n \n \n4 \n \nOVERVIEW \nThe domestic economy was relatively stable \nduring the month of February 2023, as \nevidenced by the decline in month-on-month \ninflation, from 0.7% in January 2023 to -1.6% \nin February 2023. Annual headline inflation \nalso declined from 101.5% in January 2023 to \n92.3% in February 2023. \n \nMonth-on-month, broad money increased by \n8.56% in February 2023, compared to 15.36% \nrecorded in January 2023. Valuation effects on \nforeign currency deposits remained the biggest \ndriver of broad money growth. \n \nInternational commodity prices were subdued \nin the month under review, on account of a \nstronger US dollar, as investors remained \nconcerned by the likelihood of future interest \nrate hikes by the U.S Federal Reserve Bank. \nPrices of gold, platinum, palladium, copper, \nnickel, and crude oil softened, during the month \nunder review. \n \nDuring the month under analysis, the local \nbourse was characterised by bullish sentiment. \nAs a result, the All Share, Medium Cap and \nSmall Cap indices registered gains. The mining \nindex also increased by 14.55% to 29 207.92 \npoints. \n \nActivity on the National Payment Systems \n(NPS) was slightly subdued, with the value of \ntransactions processed through the system \nfalling by 3.5% to ZW$3.86 trillion during the \nreporting month, from ZW$4.00 trillion \nrecorded in the previous month. \n \n \nINTERNATIONAL COMMODITY PRICE \nDEVELOPMENTS \n \nIn the month under review, prices for gold, \nplatinum, copper, and crude oil were largely \nsubdued on account of a stronger US dollar as \ninvestors remained wary of future interest rate \nhikes by the U.S. Federal Reserve Bank, in its \nquest to tame inflation. \n \nPrecious Metals \n \n Gold \nGold prices retreated by 2.3% to US$1,856.03 \nper ounce in February 2023, from US$1,899.01 \nper ounce recorded in the previous month. \nPrices of the yellow metal retreated as the U.S. \ndollar firmed, following the release of robust \nemployment statistics. \n \nPlatinum \nPlatinum prices eased by 9.4%, from a monthly \naverage of US$1,054.88 per ounce in January \n2023 to US$955.40 per ounce, during the \nmonth under review. The decline was \nunderpinned by weak industrial demand, \ncoupled with gloomy investment prospects as \ninvestors rekindled their appetite for riskier \nassets. \n \nPalladium \nPalladium prices were on a negative trajectory \nduring the reporting month, amid sluggish \ndemand from the auto industries. Monthly \naverage prices declined by 11.0%, from \nUS$1,735.24 per ounce in January 2023 to \nUS$1,544.00 per ounce in the reporting month. \n \n \n \n5 \n \nFigure \n1 \nshows \nprecious \nmetal \nprice \ndevelopments for the period from February \n2022 to February 2023. \n \nFigure 1: Precious Metal Prices (US$/oz.) \nSource: Bloomberg, 2022 \n \nBase Metals \n \nCopper \n \nCopper prices declined by 1.0%, from \nUS$9,048.93 per tonne in the previous month \nto US$8,954.80 per tonne in February 2023. \nPrices were weighed down by growing \nuncertainty over economic recovery in China, \nthe largest user of industrial metals. \n \nNickel \nNickel prices fell by 5.8%, from a monthly \naverage of US$28,366.05 per tonne in the prior \nmonth to US$26,721.15 per tonne, during the \nmonth under review. This was, in large part, \ndue to a stronger US dollar, increasing \nstockpiles of the base metal, as well as \nslackening demand in China. Figure 2 shows \nthe developments in base metal prices for the \nperiod from February 2022 to February 2023. \nFigure 2: Base Metal Prices (US$/ton) \nSource: Bloomberg, 2022 \n \nBrent Crude Oil \n \nBrent Crude oil prices increased by a marginal \n0.8%, from a monthly average of US$84.15 per \nbarrel in the previous month to US$83.43 per \nbarrel in February 2023. This was largely \nattributable to a stronger U.S. dollar and fears \nof subdued demand in China, as investors \nbegan to doubt the economic impact of the \nrelaxation of Covid-19 restrictions in China, \nthe largest oil importer. \nFigure 3: Crude Oil Prices (US$/barrel) \n \nSource: Bloomberg, 2022 \n \n0\n200\n400\n600\n800\n1000\n1200\n1400\n600\n1100\n1600\n2100\n2600\n3100\nFeb-22\nMar-22\nApr-22\nMay-22\nJun-22\nJul-22\nAug-22\nSep-22\nOct-22\nNov-22\nDec-22\nJan-23\nFeb-23\nUS$/oz.\nGold\nPalladium\nPlatinum\n5,000\n10,000\n15,000\n20,000\n25,000\n30,000\n35,000\n4,000\n5,000\n6,000\n7,000\n8,000\n9,000\n10,000\n11,000\nFeb-22\nMar-22\nApr-22\nMay-22\nJun-22\nJul-22\nAug-22\nSep-22\nOct-22\nNov-22\nDec-22\nJan-23\nFeb-23\nNickel US$/ton\nCopper US$/ton\nCopper\nNickel (RHS)\n0\n20\n40\n60\n80\n100\n120\n140\nFeb-22\nMar-22\nApr-22\nMay-22\nJun-22\nJul-22\nAug-22\nSep-22\nOct-22\nNov-22\nDec-22\nJan-23\nFeb-23\nUS$/barrel\n \n \n \n6 \n \nMONETARY DEVELOPMENTS1 \n \nBroad money (M3) stock amounted to ZW$2 \n928.24 billion in February 2023, compared to \nZW$2 697.36 billion recorded in January 2023. \nThe money stock was composed of foreign \ncurrency deposits, 59.92%; local currency \ndeposits, 39.87%; and currency in circulation, \n0.21%. Figure 4 shows the composition of \nmoney supply. \nFigure 4: Composition of Money Supply \nSource: Reserve Bank of Zimbabwe, 2022 \n \nMonth-on-month, broad money growth slowed \nto 8.56% in February 2023, compared to \n15.36% recorded in January 2023. The growth \nlargely reflected increases of ZW$127.93 \nbillion and ZW$101.55 billion in foreign \ncurrency accounts (FCAs) and local currency \ndeposits, respectively. \nDuring the month under review, domestic \nclaims rose by 10.92%, compared to 15.51% \nrecorded in the previous month. The growth in \ndomestic claims was largely due to increases of \nZW$183.83 billion and ZW$13.90 billion in \n \n1All monetary numbers valued in ZW$ since the \nadoption of an interbank market determined exchange \nrate in February 2019. \ncredit to the private sector and net claims on \nGovernment, respectively. \nOn an annual basis, broad money registered an \nincrease of 478.56%, up from 473.37% in \nJanuary 2023, largely driven by exchange rate \nrevaluation. The foreign currency component \nof broad money increased by 677.10%, while \nthe local currency component increased by \n318.67%. \nThe growth in foreign currency deposits from \nZW$225.78 billion in February 2022 to ZW$1 \n754.51 billion in February 2023, was largely \nattributable to revaluation changes due to \nexchange rate movements. The exchange rate \ndepreciated by 616.93%, from ZW$124.02 per \nUS$1 to ZW$889.13 per US$1, over the period \nFebruary 2022 to February 2023. \nNet credit to Government and credit to the \nprivate sector increased by ZW$388.00 billion \n(529.72%) \nand \nZW$1 \n254.24 \nbillion \n(473.97%), respectively, over the year to \nFebruary 2023. \nCredit to the private sector was mainly \nchanneled to households and agriculture, which \nreceived 22.76% and 22.60% of the total credit, \nrespectively. \nThe \nmanufacturing \nand \ndistribution sectors received 13.44% and \n11.46% of the credit, respectively. Private \nsector credit shares for the rest of the economic \nsectors are shown in Figure 5. \n \n \n \nLocal \nCurrency \nTransferabl\ne deposits\n29.30%\nForeign \nCurrency \nDeposits\n59.92%\nTime \nDeposits\n10.03%\nCurrency in \nCirculation\n0.21%\nNCDs\n0.54%\n \n \n \n7 \n \nFigure 5: Distribution of Private Sector \nCredit \n \nSource: Reserve Bank of Zimbabwe, 2022 \n \nCredit to the private sector was largely utilized \nfor recurrent expenditures, 31.57%; inventory \nbuild-up, \n30.21%; \nand \nfixed \ncapital \ninvestments, 17.44%. \n \nSTOCK MARKET DEVELOPMENTS \n \nZimbabwe Stock Exchange \n \nThe Zimbabwe Stock Exchange (ZSE) was \ncharacterized by positive trading for the third \nconsecutive month, during the month of \nFebruary 2023. \n \nAs a result, the ZSE All Share, Top 10, Top 15, \nMedium Cap and Small Cap indices added \n25.14%, 22.85%, 26.70%, 30.64%, and 26.67% \nto close at 28 548.02 points, 16 983.33 points, \n29 207.92 points, 62 970.45 and 631 204.30 \npoints, respectively. \n \nSimilarly, the mining index added 14.55% to \nclose the month at 29 207.92 points, compared \nto 25 496.86 points recorded in January 2023. \nOn a year-on-year basis, the ZSE All Share, \nTop 10, Top 15, Medium Cap and Small Cap \nindices grew by 90.44%, 70.63%, 79.65%, \n156.32% and 55.26%, respectively. The mining \nindex also increased by 214.06%, from \n9 300.03 points recorded in the comparable \nmonth in 2022. \n \nFigure 6: ZSE All Share, Top 10 and Mining \nIndices \n \nSource: Zimbabwe Stock Exchange, 2022 \n \nThe cumulative volume and value of shares \ntraded on the ZSE increased by 59.55% and \n109.75% to 164.01 million shares and \nZW$24.41 billion, respectively. This compares \nto 102.79 million shares and ZW$11.64 billion \nrecorded in the prior month, respectively. \nThe proportion of foreign purchases to the \nvalue of shares traded, also improved to \n15.49%, from 7.13% in January 2023. \nConcomitantly, net foreign position improved \nfrom -ZW$2.80 billion in the preceding month, \nto -ZW$1.50 billion in reporting month. \nHouseholds\n22.76%\nAgriculture\n22.60%\nMining\n9.97%\nManufacturing\n13.44%\nDistribution\n11.46%\nConstruction\n1.79%\nTransport & \nCommunicat\nions\n2.14%\nServices\n10.18%\nFinancial Org. \n& Investments\n5.64%\nOther\n0.03%\n4,800\n7,800\n10,800\n13,800\n16,800\n19,800\n22,800\n25,800\n28,800\n31,800\n5100\n8100\n11100\n14100\n17100\n20100\n23100\n26100\n29100\n32100\n28-Feb-22\n31-Mar-22\n30-Apr-22\n31-May-22\n30-Jun-22\n31-Jul-22\n31-Aug-22\n30-Sep-22\n31-Oct-22\n30-Nov-22\n31-Dec-22\n31-Jan-23\n28-Feb-23\nAll Share Index\nTop 10 Index\nMining Index\n \n \n \n8 \n \nFigure 7: ZSE Monthly Volumes and Values \nTraded \n \nSource: Zimbabwe Stock Exchange, 2022 \n \nAs a result of bullish sentiments exhibited on \nthe ZSE during the month of February 2023, the \nmarket added ZW$116.29 billion, or 4.73% \nworth of capitalization to close at ZW$2 576.32 \nbillion. On a year-on-year basis, ZSE \ncapitalization grew by ZW$713.30 billion or \n38.29%, from ZW$1 863.09 billion recorded in \nFebruary 2022. \n \nVictoria Falls Stock Exchange \n \nThe Victoria Falls Stock Exchange (VFEX) \nexperienced losses in the month of February \n2023. As a result, the VFEX All Share index \nlost 3.48% to close at 107.24 points, from \n111.11 points recorded in the prior month. \n \nHowever, on an annual basis, the VFEX All \nShare Index added 2.86%, from 104.26 points \nrecorded in February 2022. \nFigure 8: Victoria Falls Stock Exchange All \nShare Index \n \nSource: Victoria Falls Stock Exchange (VFEX), \n2022 \n \nVFEX Market Capitalization \n \nDespite the losses incurred on the VFEX during \nthe month under review, market capitalization \nincreased by 70.63% to US$1.08 billion, \ncompared to US$0.63 billion recorded in \nJanuary 2023. This largely emanated from new \nlisting of Innscor Africa Limited shares, which \nresulted in an increase in the number of \noutstanding issued stock. \nINFLATION OUTTURN \nAnnual Inflation \n \nAnnual headline inflation continued to slow \ndown, declining from 101.5% in January 2023 \nto 92.34% in February 2023. This followed \ndeclines in both annual food and non-food \ninflation. \n \nAnnual food inflation fell from 153.3% in \nJanuary 2023 to 136.85% in February 2023. \nYear-on-year, \nnon-food \ninflation \nalso \n0\n2,400\n4,800\n7,200\n9,600\n12,000\n14,400\n16,800\n19,200\n21,600\n24,000\n26,400\n28,800\n0\n200\n400\n600\n800\n1,000\n1,200\n1,400\n1,600\n1,800\n2,000\nFeb-22\nMar-22\nApr-22\nMay-22\nJun-22\nJul-22\nAug-22\nSep-22\nOct-22\nNov-22\nDec-22\nJan-23\nFeb-23\nVALUE TRADED ($ MILLIONS)\nVOLUME TRADED (MILIONS)\nVolume\nValue\n 80.00\n 90.00\n 100.00\n 110.00\n 120.00\n 130.00\n 140.00\n 150.00\n01-Feb-22\n01-Mar-22\n01-Apr-22\n01-May-22\n01-Jun-22\n01-Jul-22\n01-Aug-22\n01-Sep-22\n01-Oct-22\n01-Nov-22\n01-Dec-22\n01-Jan-23\n01-Feb-23\n \n \n \n9 \n \ndecelerated from 74.21% in January 2023 to \n68.11% in February 2023. This was largely on \naccount of declines in housing, water, \nelectricity and gas and other fuels. \n \nMonthly Inflation \n \nMonthly inflation fell from 0.7% in January \n2023 to -1.6% in February 2023, on account of \ndeclines in both food and non-food inflation. \n \nMonth-on-month food inflation decelerated \nfrom 0.40% in January 2023 to -1.58% in \nFebruary 2023. Monthly non-food inflation fell \nfrom 1.0% in the preceding month to -1.63% in \nthe reporting month. \n \nFigure \n9 \nshows \nmonthly \ninflation \ndevelopments for the period from September \n2021 to February 2023. \n \nFigure 9: Month-on-Month Inflation (%) \n \nSource: ZIMSTAT, 2023 \n \nNATIONAL PAYMENTS SYSTEM \n \nThe aggregate value of transactions processed \nthrough the National Payment Systems (NPS) \nstood at ZW$3.86 trillion in February 2023, \ndown from ZW$4.00 trillion recorded in the \nprevious month. NPS transaction volumes \ndecreased by 10% to 57.0 million in the month \nunder analysis. \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of Real Time Gross Settlement \n(RTGS) transactions declined by 7.24% to \nZW$3.05 trillion in February 2023, from \nZW$3.1 trillion reported in the previous month. \nFigure 10: ZETSS Volumes and Values \n \nSource: Reserve Bank of Zimbabwe, 2022 \n-2.00\n3.00\n8.00\n13.00\n18.00\n23.00\n28.00\nSep-21\nOct-21\nNov-21\nDec-21\nJan-22\nFeb-22\nMar-22\nApr-22\nMay-22\nJun-22\nJul-22\nAug-22\nSep-22\nOct-22\nNov-22\nDec-22\nJan-23\nFeb-23\nFood and non alcoholic beverages\nNon food\nAll Items\n -\n 500.0\n 1,000.0\n 1,500.0\n 2,000.0\n 2,500.0\n 3,000.0\n 3,500.0\n 4,000.0\n0\n200\n400\n600\n800\n1000\n1200\n1400\nFeb-22\nMar-22\nApr-22\nMay-22\nJun-22\nJul-22\nAug-22\nSep-22\nOct-22\nNov-22\nDec-22\nJan-23\nFeb-23\nValue in ZW$ Billions\nVolume in Thousands\nVolume\nValue\n \n \n \n10 \n \nCash Transactions \n \nCash-based \ntransactions \nincreased \nfrom \nZW$173.09 billion in January 2023 to \nZW$174.72 billion in February 2023. \n \nMobile and Internet Based Transactions \n \nMobile \nand \ninternet-based \ntransactions \namounted to ZW$1.45 trillion, during the \nmonth under analysis, representing an increase \nof 7.58% from ZW$1.35 trillion recorded in \nJanuary 2023. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCard Based Transactions \n \nCard-based transactions decreased by 4.96% to \nZW$293.11 billion in February 2023, from \nZW$309.15 billion recorded in the previous \nmonth. \n \n \nAPRIL 2023 \n \nRESERVE BANK OF ZIMBABWE\n \n11 \n \nStatistical Tables \n \nMonetary Statistics \n 1. Depository Corporations Survey \n \n \n \n \n13 \n 2. Central Bank Survey \n \n \n \n \n \n \n14 \n \n3. Other Depository Corporations Survey \n \n \n \n \n15 \n Other Depository Corporations \n \n4.1 Assets \n \n \n \n \n \n \n \n16 \n 4.2 Liabilities \n \n \n \n \n \n \n \n \n17 \n Commercial Banks \n 5.1 Assets \n \n \n \n \n \n18 \n 5.2 Liabilities \n \n \n \n \n19 \n Building Societies \n 6.1 Assets \n \n \n \n \n \n \n \n20 \n 6.2 Liabilities \n \n \n \n \n \n \n21 \n Sectoral Analysis of Bank Loans and Advances and Deposits \n \n7.1 Sectoral Analysis of Commercial Banks Loans and Advances \n \n22 \n \n7.2 Sectoral Analysis of Commercial Banks Deposits \n \n \n \n23 \n Interest Rates \n \n8.1 Lending Rates \n \n \n \n \n \n \n \n24 \n \n8.2 Banks Deposit Rates \n \n \n \n \n \n \n25 \n \n Inflation \n \n9.1 Monthly Inflation \n \n \n \n \n \n \n \n26 \n \n9.2 Yearly Inflation \n \n \n \n \n \n \n \n27 \n \n External Statistics \n 10. Exchange Rates \n \n \n \n \n \n \n \n28 \n \n \n \n \n \n \n \n \n12 \n \nZimbabwe Stock Exchange \n 11. Zimbabwe Stock Market Statistics \n \n \n \n \n \n29 \n \n National Payments System Statistics \n \n \n \n12.1 Values of Transactions \n \n \n \n \n \n \n30 \n \n12.2 Volumes of Transactions \n \n \n \n \n \n31 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n13 \n \n \n TABLE 1: DEPOSITORY CORPORATIONS SURVEY ($'000)\nFeb-22\nMar-22\nApr-22\nMay-22\nJun-22\nJul-22\nAug-22\nSep-22\nOct-22\nNov-22\nDec-22\nJan-23\nFeb-23\nNet Foreign Assets\n-471,346,132.81\n-543,454,309.01\n-607,806,554.74\n-1,139,041,286.30\n-1,440,376,428.47\n-1,799,900,028.55 -1,795,279,800.26\n-1,954,300,330.22\n-2,033,984,124.20\n-2,085,714,926.41\n-2,349,872,967.37\n-2,877,479,313.00 -2,950,794,577.06\nCentral Bank(net)\n-608,788,967.34\n-717,594,313.10\n-794,405,282.55\n-1,478,375,394.21\n-1,802,992,102.87\n-2,132,218,475.50\n-2,281,673,543.14\n-2,540,535,213.92\n-2,594,453,844.31\n-2,593,755,912.16\n-2,828,947,111.97\n-3,452,276,894.90\n-3,703,145,007.04\nForeign Assets\n122,234,641.17\n141,438,330.50\n158,513,090.57\n295,543,148.83\n378,268,469.49\n460,906,552.27\n464,424,207.59\n423,342,143.07\n420,613,636.26\n461,596,127.82\n575,414,250.75\n457,046,789.46\n616,728,155.87\nForeign Liabilities\n731,023,608.52\n859,032,643.60\n952,918,373.12\n1,773,918,543.05\n2,181,260,572.36\n2,593,125,027.77\n2,746,097,750.73\n2,963,877,356.98\n3,015,067,480.57\n3,055,352,039.98\n3,404,361,362.72\n3,909,323,684.36\n4,319,873,162.91\nOther Depository Corporations(net)\n137,442,834.53\n174,140,004.09\n186,598,727.81\n339,334,107.92\n362,615,674.40\n332,318,446.95\n486,393,742.88\n586,234,883.70\n560,469,720.11\n508,040,985.75\n479,074,144.60\n574,797,581.91\n752,350,429.98\nForeign Assets\n168,007,189.86\n208,203,548.17\n225,189,855.37\n412,863,198.66\n445,895,292.17\n432,930,547.04\n606,589,993.46\n730,519,889.15\n714,553,928.34\n647,684,732.33\n656,889,016.74\n771,701,557.95\n978,124,840.54\nForeign Liabilities\n30,564,355.32\n34,063,544.08\n38,591,127.56\n73,529,090.74\n83,279,617.76\n100,612,100.09\n120,196,250.58\n144,285,005.45\n154,084,208.23\n139,643,746.58\n177,814,872.15\n196,903,976.04\n225,774,410.56\nNet Domestic Assets (NDA)\n977,472,347.72\n1,132,547,895.53 1,279,179,159.36\n2,110,584,970.23\n2,560,072,662.03\n3,007,213,667.92\n3,404,193,526.10\n3,871,453,855.67\n3,914,796,933.13\n4,157,026,534.98\n4,688,099,950.20\n5,574,839,779.69\n5,879,037,865.16\nDomestic Claims\n374,469,353.19\n425,899,133.67\n507,567,798.80\n671,650,524.63\n767,813,894.49\n911,956,758.63\n1,183,994,022.32\n1,371,017,098.26\n1,420,546,462.01\n1,634,150,767.46\n1,861,880,517.07\n2,150,668,598.95\n2,385,577,850.38\nClaims on Central Government(net)\n73,245,394.75\n79,099,806.11\n102,141,792.11\n115,763,515.83\n104,672,040.45\n130,502,205.15\n236,159,688.17\n270,091,555.64\n263,657,275.07\n350,064,095.72\n454,800,752.22\n447,342,287.14\n461,242,136.20\nClaims on Central Government\n108,304,664.41\n112,202,570.05\n128,369,548.84\n154,985,706.21\n180,922,921.25\n192,199,618.57\n350,494,976.12\n408,193,113.30\n426,472,842.49\n532,069,052.32\n613,516,289.65\n760,521,954.63\n940,233,805.22\nCentral Bank\n59,042,533.92\n61,616,251.17\n64,387,188.48\n84,007,587.20\n93,971,712.93\n100,589,783.20\n250,194,418.13\n264,613,071.80\n274,598,654.32\n333,135,150.34\n324,557,907.30\n440,486,151.70\n607,287,973.98\nODCs\n49,262,130.49\n50,586,318.88\n63,982,360.36\n70,978,119.01\n86,951,208.31\n91,609,835.37\n100,300,557.99\n143,580,041.50\n151,874,188.17\n198,933,901.98\n288,958,382.34\n320,035,802.93\n332,945,831.24\nLess Liabilities to Central Government\n35,059,269.66\n33,102,763.94\n26,227,756.73\n39,222,190.39\n76,250,880.80\n61,697,413.42\n114,335,287.95\n138,101,557.65\n162,815,567.42\n182,004,956.59\n158,715,537.42\n313,179,667.49\n478,991,669.02\nCentral Bank\n30,651,524.77\n27,772,263.84\n18,570,911.58\n31,804,638.17\n66,024,646.77\n52,333,907.68\n106,442,851.55\n129,394,309.01\n156,141,911.29\n175,273,582.39\n150,848,789.30\n271,358,342.10\n467,951,478.68\nODCs\n4,407,744.89\n5,330,500.10\n7,656,845.15\n7,417,552.22\n10,226,234.03\n9,363,505.74\n7,892,436.40\n8,707,248.64\n6,673,656.14\n6,731,374.21\n7,866,748.12\n41,821,325.38\n11,040,190.34\nClaims on Other Sectors\n301,223,958.44\n346,799,327.56\n405,426,006.70\n555,887,008.81\n663,141,854.04\n781,454,553.48\n947,834,334.15\n1,100,925,542.62\n1,156,889,186.94\n1,284,086,671.74\n1,407,079,764.84\n1,703,326,311.81\n1,924,335,714.18\nOther Financial Corporations\n7,232,833.43\n7,747,219.19\n8,597,004.25\n9,322,673.95\n10,177,451.55\n14,828,545.88\n17,449,153.84\n18,825,212.19\n143,782,090.97\n143,554,205.91\n157,280,627.89\n170,561,799.59\n184,287,067.94\nState and Local Government\n159,634.04\n254,314.27\n252,621.77\n289,002.10\n226,287.26\n349,675.75\n287,141.09\n306,328.41\n341,962.52\n303,552.08\n282,613.13\n251,239.62\n197,442.25\nPublic Non Financial Corporations\n29,207,585.84\n26,468,620.27\n29,392,849.46\n56,904,036.69\n65,013,584.08\n85,546,713.45\n123,920,817.60\n133,928,821.97\n145,038,366.23\n150,370,660.24\n161,107,427.42\n197,474,355.41\n220,982,772.48\nPrivate Sector\n264,623,905.12\n312,329,173.83\n367,183,531.22\n489,371,296.07\n587,724,531.15\n680,729,618.39\n806,177,221.63\n947,865,180.05\n867,726,767.22\n989,858,253.51\n1,088,409,096.41\n1,335,038,917.19\n1,518,868,431.51\nCentral Bank\n2,225,330.75\n2,894,116.58\n2,976,897.26\n3,866,159.54\n5,462,482.88\n7,151,212.10\n8,394,127.31\n10,349,380.21\n12,722,796.25\n13,419,306.74\n13,440,308.49\n14,320,237.34\n15,366,452.38\nODCs\n262,398,574.37\n309,435,057.25\n364,206,633.96\n485,505,136.53\n582,262,048.27\n673,578,406.29\n797,783,094.32\n937,515,799.83\n855,003,970.96\n976,438,946.77\n1,074,968,787.92\n1,320,718,679.85\n1,503,501,979.13\nOther Items(Net)\n-603,002,994.53 -706,648,761.86 -771,611,360.55 -1,438,934,445.60\n-1,792,258,767.54\n-2,095,256,909.29 -2,220,199,503.78\n-2,500,436,757.40\n-2,494,250,471.13\n-2,522,875,767.52\n-2,826,219,433.14\n-3,424,171,180.73 -3,493,460,014.79\nShares and Other Equity\n-560,858,506.65\n-647,259,441.19\n-736,032,264.92\n-1,471,834,260.31\n-1,750,654,766.50\n-2,109,505,152.97\n-2,196,010,760.22\n-2,353,032,948.01\n-2,415,295,348.56\n-2,460,253,452.61\n-2,498,410,570.61\n-2,986,715,368.94\n-3,242,302,470.17\nLiabilities to Other Financial Corporations\n226,799.73\n810,634.46\n486,772.48\n321,776.02\n345,211.38\n1,339,092.93\n555,226.55\n587,178.66\n762,462.53\n339,615.56\n752,479.25\n675,534.11\n3,108,981.29\nRestricted Deposits\n2,173,882.06\n2,994,403.00\n4,012,319.51\n15,942,230.19\n17,330,528.77\n31,949,181.65\n37,970,261.21\n33,027,186.30\n47,084,275.28\n59,785,332.00\n34,134,982.33\n42,852,548.97\n83,828,598.03\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-44,545,169.67\n-63,194,358.13\n-40,078,187.62\n16,635,808.50\n-59,279,741.20\n-19,040,030.90\n-62,714,231.31\n-181,018,174.35\n-126,801,860.37\n-122,747,262.48\n-362,696,324.10\n-480,983,894.87\n-338,095,123.94\nBroad Money-M3\n506,126,214.91\n589,093,586.52\n671,372,604.62\n971,543,683.94\n1,119,696,233.56\n1,207,313,639.37\n1,608,913,725.83\n1,917,153,525.45\n1,880,812,808.93\n2,071,311,608.56\n2,338,226,982.83\n2,697,360,466.69\n2,928,243,288.10\nSecurities Other than Shares Included in Broad \nMoney\n4,456,190.77\n4,510,894.76\n4,246,927.92\n6,165,343.44\n7,157,937.12\n8,137,874.02\n12,785,574.75\n14,047,495.34\n15,558,863.88\n13,438,521.87\n14,148,964.76\n15,056,472.03\n15,711,655.30\nBroad Money-M2\n501,670,024.14\n584,582,691.76\n667,125,676.69\n965,378,340.49\n1,112,538,296.45\n1,199,175,765.34\n1,596,128,151.09\n1,903,106,030.11\n1,865,253,945.05\n2,057,873,086.69\n2,324,078,018.07\n2,682,303,994.66\n2,912,531,632.80\nOther Deposits\n47,514,738.37\n54,149,202.92\n52,644,036.06\n69,998,821.83\n80,890,863.60\n94,202,100.47\n134,172,529.07\n157,067,992.76\n166,451,245.87\n189,198,137.65\n233,411,780.44\n275,038,711.32\n293,774,251.17\nNarrow Money-M1\n454,155,285.76\n530,433,488.84\n614,481,640.63\n895,379,518.67\n1,031,647,432.84\n1,104,973,664.87\n1,461,955,622.01\n1,746,038,037.35\n1,698,802,699.18\n1,868,674,949.05\n2,090,666,237.62\n2,407,265,283.35\n2,618,757,381.64\nTransferable Deposits\n451,539,424.76\n527,204,673.89\n610,992,302.31\n892,270,006.18\n1,028,183,547.50\n1,100,888,777.34\n1,457,941,576.91\n1,742,120,578.98\n1,694,712,870.55\n1,864,566,202.51\n2,086,456,095.48\n2,402,524,498.19\n2,612,610,043.68\n Of which Foreign Currency Accounts\n225,776,364.73\n275,166,409.09\n302,163,673.09\n559,139,763.68\n657,889,184.94\n688,836,308.19\n991,098,612.31\n1,196,206,879.78\n1,131,298,129.20\n1,211,793,829.42\n1,327,590,772.37\n1,626,587,667.25\n1,754,513,308.92\nCurrency Outside Depository Corporations\n2,615,861.00\n3,228,814.95\n3,489,338.32\n3,109,512.49\n3,463,885.34\n4,084,887.53\n4,014,045.11\n3,917,458.37\n4,089,828.63\n4,108,746.53\n4,210,142.14\n4,740,785.16\n6,147,337.96\nMemorandum Items\nReserve Money\n27,813,513.74\n27,885,251.69\n29,229,891.83\n29,220,297.03\n33,547,982.93\n35,521,743.90\n37,466,335.66\n87,098,435.56\n92,268,161.94\n98,860,662.38\n104,043,818.23\n122,997,662.08\n204,036,133.91\nFCAs as a Percentage of Deposits in M3\n44.8%\n47.0%\n45.2%\n57.7%\n58.9%\n57.2%\n61.8%\n62.5%\n60.3%\n58.6%\n56.9%\n60.4%\n60.0%\nEnd Period Exchange Rate\n124.02\n142.42\n159.35\n301.50\n370.96\n443.88\n546.83\n621.89\n632.77\n654.93\n684.33\n796.52\n889.13\nSource: Reserve Bank of Zimbabwe, 2023\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 ZWL$ since the introduction of the interbank foreign exchange market in February 2019\n \n \n \n14 \n \n \n \n \n \n15 \n \n \n \n \n \n16 \n \n \n \n \n \n17 \n \n \n \n \n \n18 \n \n \n \n \n \n19 \n \n \n \n \n \n20 \n \n \n \n \n \n21 \n \n \n \n \n \n22 \n \n \n \n \n \n23 \n \n \n \n \n \n24 \n \n \n \n \n \n25 \n \n \n \n \n \n26 \n \n \n \n \n \n27 \n \n \n \n \n \n28 \n \n \n \n \n \n29 \n \n \n \n \n \n30 \n \n \n \n \n \n31", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/Monthly_Economic_Reviews/Monthly_Economic_Review_February.pdf"}

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+{"doc_id": "3a4f74f96521701fb6ccc2caf9ba4dae", "text": "MONTHLY ECONOMIC REVIEW \nMAY 2013 \nSelected Economic Indicators \n2 \nStock Market Developments \n3 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \n \n \nMonetary Developments \n4 \nINSIDE THIS ISSUE: \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2013 \nApril \n2013 \nMay \nZ.S.E. Mining Index1 \n71.98 \n73.99 \nZ.S.E. Industrial Index1 \n189.66 \n212.72 \nMoney Supply (Total Bank Deposits) (US$)2 \n3.97 billion \n4.02 billion \nMoney Supply (M3) Annual Growth2 \n14.85% \n12.23% \nYearly Inflation3 \n2.49% \n2.20% \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 ZIMSTAT \n \n \n \nMonth on \nMonth \nchange \n2.79% \n12.16% \n1.26% \n1.30% \n-0.25% \n \nSTOCK MARKET DEVELOPMENTS \n \nThe Zimbabwe stock market put up a strong \nperformance in May 2013, on account of \nsustained demand for blue chip counters by \nforeign investors. Investor confidence re-\nturned, further spurring the rise in the ZSE, \nagainst a background of low domestic liquid-\nity and sluggish economic performance. \n \nReflecting thin trading on the local bourse, \nthe volumes traded declined by 7.8% to \n142.6 million shares in May 2013, from \n154.8 million shares in April. The value of \nshares traded, however, remained high as a \nresult of trading being concentrated on blue \nchip counters. The month of May recorded a \nturnover of US$35.2 million up from \nUS$25.7 million in April 2013. Compared to \nthe same period last year, the volume and \nvalues traded declined by 71.6% and 11.6%, \nrespectively. \n \nDespite low economic activity, share prices \non the local bourse maintained an upward \ntrend during the month under review, driven \nby demand from foreign investors. As such, \nthe industrial index gained 12% from 189.66 \npoints in April, to close the month of May \n2013 at 212.72 points. \n \nThe implementation of monetary stimulus \nmeasures in developed countries has resulted \nin increased liquidity and reduced returns on \ninvestment in the euro zone and USA. This \nhas resulted in portfolio investment inflows \n \n2 3 \n \n2 4 \ninto most African stock markets, including \nZimbabwe, explaining the increased partici-\npation by foreign investors. Liquidity short-\nages in the domestic market have, however, \ncontinued to hamper the participation of lo-\ncal investors. \n \nThe mining index also gained 2.01% to close \nthe month under review at 73.99 points. On a \nyear-to-date basis, the mining index in-\ncreased by 11.6%. The mining index has \nbeen lagging behind the industry index partly \ndue to high extraction costs, against lower \ndemand for the commodities on the interna-\ntional markets. \n \nFollowing the increase in both the industrial \nand mining indices, total market capitaliza-\ntion registered an 11.8% increase to a record \nhigh of US$5.4 billion. On a year-to-date ba-\nsis, market capitalization rose by 39%. \n \nNotwithstanding the strong performance reg-\nistered during the month under review, the \nZSE remains prone to external shocks as \ntrading is largely dominated by foreign in-\nvestors. \n \nA reduction in the stimulus measures in de-\nveloped economies, for example, may lead to \nan improvement in investment yields these \neconomies, leading to significant outflows \nfrom the local bourse. There is, therefore, \nneed for the implementation of policies that \nencourage foreign investors to continue par-\nticipating actively as well as holding long \npositions on the ZSE, to prevent liquidity \ndrainage from the economy. \n \n \nMONETARY DEVELOPMENTS \n \nAnnual growth in broad money decelerated \nto 12.23% in May 2013 after strengthening \nin April 2013. In levels, broad money sur-\npassed the US$4 billion mark for the first \ntime in the multicurrency era, to close the \nmonth under review at US$4.02 billion. \n \nThe growth was largely underpinned by in-\ncreases of US$0.16 billion and US$0.15 bil-\nlion in demand and long term deposits, re-\n \n3 5 \nspectively. On a month on month basis, \nbroad money grew by 1.3% in May, com-\npared to 4.4% recorded in April 2013. \n \nDeposits held by banks largely emanated \nfrom utilities and local authorities, 22.63%; \nhouseholds, 17.91%; and financial organiza-\ntions, 14.71%. The proportion of deposits \nfrom retail and distribution activities, which \nwas 12.96% in December 2012, progres-\nsively declined to 9.84% in May 2013. \n \nThe developments in domestic credit contin-\nued to mirror trends in deposits as annual \ngrowth in domestic credit declined from \n26.20% in April to 23.1% in May 2013. On \na month-on-month basis, growth in domes-\ntic credit registered a 2% increase, from 3.4% \nin the previous month. \n \nThe banking sector largely channeled its \ncredit to private sector enterprises, which ac-\ncounted for 92.87% of total domestic credit. \nNet credit to Government accounted for only \n5.48% of total domestic credit. This, in large \npart, reflected the Government’s usage of the \ncash budgeting system. \n \nOutstanding credit to the private sector \namounted to US$3 595.19 million, down from \nUS$3 569.40 million recorded in April 2013. \nCredit to the private sector was largely com-\nposed of loans and advances, 84.89%; mort-\ngages, 8.55%; bills discounted, 3.22%; other \n4 \n \n6 \ninvestments, 1.81%; and Bankers’ Accep-\ntances, 1.43%. The growth in credit was \nlargely underpinned by sustained demand for \nloans and advances. \n \nLoans and advances were mainly allocated to \nagriculture (17.92%) for pre and post tobacco \nfinancing; distribution (16.94%); and manu-\nfacturing (17.49%) activities. Loans to indi-\nviduals accounted for 18.54% of total loans \nand advances to the private sector. \n \nPrivate sector loans and advances were \nmainly utilized for working capital (77.10%). \nCredit utilized for fixed investment activity, \nhowever, remained low, with the procure-\nment of plant and equipment accounting for \n5.64% and pre and post shipment financing at \n2.09% of total loans and advances. The pur-\nchase of consumer durables accounted for \n15.17%. \n \nIn the context of a multiple currency regime, \nthe country’s external sector performance \nremains a key determinant of money supply \ngrowth in the economy. In this regard, \nsources of liquidity largely comprise of ex-\nport earnings, Diaspora inflows, offshore \ncredit lines, foreign direct and portfolio in-\nvestment inflows, as well as capital transfers \nincluding grants. \nAccordingly, negative developments on the \ncountry’s balance of payments constrain de-\nposit mobilization initiatives, further tighten-\ning liquidity conditions in the economy, with \nnegative knock on effects on economic \ngrowth. \n \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nAnnual inflation continued on a downward \ntrend since March 2013, decelerating to 2.2% \nin May 2013, from 2.49% in April 2013. \nThis was on the back of depressed domestic \neconomic activity and tight liquidity condi-\ntions. Also contributing to inflation slow-\ndown was the weakening of the South Afri-\ncan rand against the United States of \nAmerica dollar. \n \nAnnual food and non alcoholic beverages \ninflation declined from 3.58% in April 2013, \nto 3.54% in May 2013, while non-food infla-\n7 \ntion stood at 1.54% in May 2013, from \n1.94%, in April 2013. Year-on-year food in-\nflation slowed down to 3.54% in May 2013, \nfrom 3.58% in April 2013. \n \nThe decline in food inflation was partly at-\ntributable to the weakening of the rand which \nresulted in a reduction in the landed cost of \nfood imports from South Africa, the coun-\ntry’s largest trading partner. Furthermore, the \nonset of the harvesting season resulted in the \nimprovement of local food supply and thus \npulling food prices down . \n \nAnnual non-food inflation also declined to \n1.54% in May 2013, from 1.9% in April \n2013. Increases in rentals, transport and edu-\ncation costs largely contributed to annual non\n-food inflation. \nMonth-on-Month Inflation \n \nMonth-on-month inflation decelarated from \n-0.07 % in April 2013, to -0.21% in May \n2013, due to a decline in aggregate demand \nin the economy. \nMonthly non-food inflation fell from 0.11% \nin April 2013 to -0.17% in May 2013, on ac-\ncount of price declines in the furniture and \nequipment, transport, recreation and culture, \nand miscellaneous goods and services cate-\ngories. \n \nMonth-on-month food inflation stood at \n-0.28% in May 2013, compared to –0.44% in \nApril 2013. \nInflation Outlook \nInflation is expected to remain low and stable, \nthough largely depending on the movement of \ninternational oil prices, the US$/rand ex-\nchange rate developments, as well as fluctua-\ntions in the level of aggregate demand in the \neconomy. \n \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \n \nThe national payment systems continued to \nexhibit stability and resilience, during the pe-\nriod under review. The Bank’s goal is to en-\nsure that payment systems are available with-\nout interruption, meet all users' needs, and \noperate at minimum risk and reasonable cost. \n \nAs such, the Central Bank will continue to \ndeepen its role through increased monitoring \nand collaboration with various stakeholders in \norder to maintain safety, soundness and stabil-\nity in of the payment systems. \nWith the exception of cheques, most payment \nstreams registered increases during the month \nof May 2013, in both volume and value terms. \n8 \nZimbabwe Electronic Transfer Settle-\nment System (ZETSS) \n \nThe value of transactions processed through \nthe RTGS system in May 2013 increased by \n10.7% to US$3.91 billion, from US$3.54 \nbillion in April 2013. On the other hand, the \nvolume of transactions registered an in-\ncrease of 18% from 182 865 to 215 199 dur-\ning the same period. \nCard Systems \n \n \nThe total value of card based transactions \nrose by 1.3%, from US$328.2 million in \nApril to US$332.6 million in May 2013. \n \nMobile and Internet Based Transactions \n \nThe value of mobile and internet based \ntransactions rose by 28.3%, from US$283.6 \nmillion in April to US$364 million in May \n2013. \nCheques \n \nIn value terms, cheque transactions de-\ncreased by 7.2%, from US$16.6 million in \nApril 2013 to US$15.4 million in May \n2013. \n \n \n \n \n \n \n \n \n \n \nReserve Bank of Zimbabwe \nJune 2013 \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n35 \n \n10 \n11 \nTABLE 1.1 : MONETARY AGGREGATES \n US$ Thousands \n \n2012 \n2013 \n \nMay \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \nApril \n \n \n \n \n \n \n \n \n \n \n \n \n \nRBZ Demand Deposits \n78.6 \n79.7 \n80.1 \n80.9 \n82.1 \n80.7 \n79.6 \n80.8 \n78.6 \n78.3 \n77.3 \n 78.6 \nComm. Banks Dem. Deposits \n1,804,232.7 \n1,815,912.3 \n1,875,149.3 \n1,826,752.4 \n1,869,138.7 \n1,894,495.7 \n1,804,260.4 \n1,981,218.7 \n1,924,517.4 \n1,875,465.4 \n1,860,664.0 \n1,979,220.0 \nMerchant Banks Dem. Deposits \n84,715.0 \n136,052.5 \n110,779.0 \n106,955.1 \n102,471.0 \n112,805.6 \n105,260.2 \n108,094.7 \n106,935.2 \n102,797.7 \n104,281.4 \n107,324.1 \nM1 \n1,889,026.3 \n1,952,044.5 \n1,986,008.4 \n1,933,788.4 \n1,971,691.8 \n2,017,382.0 \n1,909,600.2 \n2,089,394.2 \n2,031,531.2 \n1,978,341.4 \n1,965,022.7 \n2,086,622.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks Savings Deposits \n161,039.2 \n160,170.3 \n162,953.0 \n171,279.3 \n189,287.9 \n182,029.0 \n288,914.0 \n253,471.9 \n193,007.6 \n192,683.5 \n201,459.2 \n194,873.4 \nBuilding Soc. Savings Deposits \n156,772.0 \n171,972.6 \n168,562.6 \n171,825.0 \n176,983.1 \n164,699.0 \n163,276.1 \n180,152.6 \n159,093.7 \n168,605.4 \n168,484.1 \n170,975.7 \nP O S B Savings Deposits \n49,423.7 \n50,001.8 \n51,631.2 \n51,322.2 \n51,747.0 \n50,457.0 \n55,822.7 \n54,893.7 \n55,832.5 \n56,274.2 \n57,860.7 \n55,236.9 \nComm. Banks U-30 Day Deposits \n622,619.0 \n706,497.8 \n668,743.8 \n716,241.3 \n648,981.9 \n781,995.1 \n593,873.6 \n613,008.0 \n632,215.7 \n708,500.6 \n734,849.5 \n786,076.0 \nMerchant Banks U-30 Day Deposits \n100,355.4 \n91,241.5 \n36,431.8 \n39,907.3 \n60,358.5 \n35,887.6 \n69,265.1 \n67,930.5 \n91,671.2 \n65,975.9 \n62,324.3 \n64,604.1 \nBuilding Soc. U- 30 Day Deposits \n77,364.4 \n70,088.7 \n53,684.5 \n59,216.0 \n70,300.4 \n98,536.7 \n73,514.3 \n65,572.4 \n60,885.9 \n77,091.9 \n82,098.1 \n81,944.39 \nM2 \n3,056,599.9 \n3,202,017.2 \n3,128,015.2 \n3,143,579.4 \n3,169,350.6 \n3,320,987.1 \n3,154,266.0 \n3,324,423.3 \n3,224,237.8 \n3,247,472.9 \n3,272,098.6 \n3,440,333.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks O-30 Day Deposits \n347,816.0 \n228,931.5 \n327,819.8 \n192,982.4 \n311,167.7 \n235,566.9 \n424,351.9 \n314,380.7 \n351,356.6 \n297,613.9 \n249,558.5 \n223,799.1 \nMerchant Banks O-30 Day Deposits \n66,248.4 \n31,257.6 \n65,758.0 \n64,463.7 \n56,445.3 \n60,561...8 \n46,439.3 \n44,191.4 \n21,339.0 \n55,714.0 \n52,841.7 \n56,349.4 \nBuilding Soc. O- 30 Day Deposits \n93,384.4 \n109,663.7 \n156,055.2 \n170,113.2 \n172,761.3 \n165,382.5 \n179,493.1 \n184,561.2 \n192,823.3 \n194,226.7 \n203,912.9 \n226,550.8 \nBuilding Soc. Class C Deposits \n0.0 \n0.0 \n0.0 \n0.0 \n \n \n \n \n \n \n0.0 \n0.0 \nBuilding Soc. Other Share Deposits \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n11,266.6 \n11,266.6 \nP O S B Time Deposits \n5,995.0 \n8,259.1 \n9,770.5 \n8,018.0 \n8,316.8 \n11,324.0 \n9,964.9 \n8,973.9 \n8,497.2 \n8,447.9 \n8,845.8 \n8,443.5 \nM3 \n3,580,185.4 \n3,590,270.7 \n3,697,560.4 \n3,589,298.3 \n3,728,183.4 \n3,813,963.8 \n3,824,656.8 \n3,886,672.1 \n3,808,395.5 \n3,813,616.9 \n3,798,524.1 \n3,966,742.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \nMay \n \n74.5 \n 1,932,968.10 \n \n112,173.40 \n2,045,215.9 \n \n \n221,622.3 \n \n192,634.8 \n \n56,544.5 \n \n637,041.1 \n \n67,104.2 \n \n122,672.1 \n3,342,834.9 \n \n \n387,930.6 \n \n54,361.5 \n \n212,044.5 \n0.0 \n \n11,266.5 \n \n9,703.5 \n \n4,018,141.5 \n \n12 \nTABLE 1.2 : BROAD MONEY SURVEY \n US$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \nAPRIL \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-372,096.90 \n-375,252.50 \n-366,349.80 \n-459,138.70 \n-447,672.70 \n-417,840.40 \n-340,899.70 \n-435,528.80 \n-485,643.40 \n-478,669.10 \n-627,094.50 \n-477,210.6 \n \n Assets \n1,014,946.00 \n1,008,028.90 \n1,010,995.60 \n918,272.00 \n952,305.80 \n964,367.00 \n1,063,411.00 \n1,089,808.50 \n994,812.70 \n988,575.61 \n867,399.60 \n983,189.5 \n \n Reserve Bank (RBZ) \n456,394.50 \n439,248.40 \n443,530.60 \n392,913.30 \n431,019.90 \n402,814.90 \n385,911.70 \n447,988.80 \n454,346.10 \n421,879.25 \n367,092.80 \n412,155.0 \n \n Deposit Money Banks (DMBs) \n531,555.60 \n547,519.30 \n543,103.30 \n497,720.10 \n490,916.00 \n527,291.20 \n635,377.30 \n599,274.60 \n507,151.40 \n529,296.47 \n469,834.90 \n537,446.4 \n \n Other Banking Institutions \n(OBIs) \\1 \n26,996.00 \n21,261.20 \n24,361.70 \n27,638.60 \n30,369.90 \n34,260.90 \n42,122.10 \n42,545.10 \n33,315.20 \n37,399.89 \n30,471.90 \n33,588.1 \n \n Liabilities \\2 \n-1,387,042.90 \n-1,383,281.50 \n-1,377,345.40 \n-1,377,410.80 \n-1,399,978.50 \n-1,382,207.30 \n-1,404,310.70 \n-1,525,337.30 \n-1,480,456.00 \n-1,467,244.71 \n-1,494,494.10 \n-1,460,400.2 \n \n RBZ \n1,144,411.30 \n1,145,150.60 \n1,142,322.10 \n1,144,176.70 \n1,149,650.90 \n1,147,233.00 \n1,147,319.70 \n1,149,161.20 \n1,149,023.60 \n1,141,623.47 \n1,135,073.40 \n1,140,521.7 \n \n DMBs \n220,947.20 \n216,314.50 \n217,204.30 \n216,220.20 \n233,273.50 \n211,042.10 \n233,317.40 \n352,118.40 \n311,214.10 \n303,476.08 \n337,091.10 \n293,394.4 \n \n OBIs \n21,684.40 \n21,816.30 \n17,818.90 \n17,013.80 \n17,054.10 \n23,932.20 \n23,673.70 \n24,057.80 \n20,218.40 \n22,145.17 \n22,329.60 \n26,484.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \n3,952,282.30 \n3,965,523.20 \n4,063,910.10 \n4,048,437.10 \n4,175,856.10 \n4,231,804.20 \n4,165,556.50 \n4,322,201.00 \n4,294,038.70 \n4,292,286.03 \n4,425,618.60 \n4,443,953.2 \n \nDOMESTIC CREDIT \n3,139,957.20 \n3,227,332.40 \n3,362,641.70 \n3,396,416.20 \n3,469,968.40 \n3,502,649.80 \n3,620,952.20 \n3,788,468.50 \n3,777,967.90 \n3,781,756.54 \n3,845,110.10 \n3,808,385.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n78,536.20 \n82,193.20 \n79,337.50 \n73,155.70 \n73,214.80 \n80,219.70 \n80,710.40 \n176,058.40 \n166,842.30 \n153,163.97 \n170,638.10 \n180,007.9 \n \n RBZ \n-1,733.00 \n-2,106.20 \n-1,522.60 \n-1,502.40 \n-1,514.60 \n-11,344.70 \n-11,034.80 \n-11,097.80 \n-1,225.80 \n-1,192.38 \n-1,179.60 \n-1,180.8 \n \n DMBs \n80,045.40 \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,122.73 \n151,543.00 \n160,538.4 \n \n OBIs \n223.8 \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.63 \n20,274.70 \n20,650.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Public Enterprises \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n54,091.40 \n58,973.6 \n \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n \n DMBs \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n54,091.40 \n58,973.6 \n \n Agri-PEs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n \n \n Other \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n3,620,380.60 \n58,973.6 \n \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Private Sector \n3,029,628.50 \n3,095,827.90 \n3,233,688.50 \n3,273,970.70 \n3,350,693.00 \n3,372,788.70 \n3,488,777.20 \n3,560,693.20 \n3,558,864.50 \n3,574,884.08 \n3,620,380.60 \n3,569,403.8 \n \n RBZ \n47,176.70 \n43,759.20 \n38,792.30 \n41,323.60 \n42,548.20 \n42,122.00 \n41,521.50 \n40,636.30 \n41,014.10 \n41,015.10 \n41,041.10 \n41,014.1 \n \n DMBs \n2,622,165.20 \n2,663,738.30 \n2,797,404.90 \n2,823,945.60 \n2,897,885.30 \n2,890,646.50 \n2,996,259.40 \n3,065,153.80 \n3,057,321.20 \n3,065,133.69 \n3,111,948.80 \n3,058,690.9 \n \n OBIs \n360,286.50 \n388,330.30 \n397,491.40 \n408,701.50 \n410,259.50 \n440,020.20 \n450,996.30 \n454,903.20 \n460,529.20 \n468,735.29 \n467,417.70 \n469,698.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n812,325.10 \n738,190.80 \n701,268.40 \n652,020.90 \n705,887.60 \n729,154.40 \n544,604.30 \n533,732.40 \n516,070.80 \n510,529.50 \n580,508.50 \n635,567.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n3,580,185.40 \n3,590,270.70 \n3,697,560.40 \n3,589,298.30 \n3,728,183.40 \n3,813,963.80 \n3,824,656.80 \n3,886,672.10 \n3,808,395.40 \n3,813,616.93 \n3,798,524.10 \n3,966,742.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \n \n-488,616.3 \n1,065,690.2 \n471,664.8 \n547,557.0 \n46,468.4 \n-1,554,306.5 \n1,134,105.5 \n393,575.8 \n26,625.2 \n \n4,506,758.0 \n3,871,013.0 \n \n212,221.9 \n-1,179.7 \n192,880.2 \n20,521.4 \n \n63,604.9 \n0.0 \n63,604.9 \n0.0 \n63,604.9 \n0.0 \n \n3,595,186.2 \n40,128.8 \n3,063,681.6 \n491,375.8 \n \n635,745.0 \n \n4,018,141.5 \n \n \n13 \nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3) \n US$ Thousands \n1. Finance houses, building societies and P. O. S. B. \n2. Sign reversal. \n3. Net Domestic Assets consist of domestic credit and other items net. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \nAPRIL \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-41,121.60 \n-3,155.70 \n8,902.80 \n-92,789.00 \n11,466.10 \n29,832.30 \n76,940.70 \n-94,629.10 \n-50,114.50 \n6,974.25 \n-148,425.4 \n149,883.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n Assets \n-34,425.80 \n-6,917.10 \n2,966.70 \n-92,723.60 \n34,033.80 \n12,061.10 \n99,044.00 \n26,397.50 \n-94,995.80 \n-6,237.07 \n-121,176.0 \n115,789.9 \n Reserve Bank (RBZ) \n-53,717.30 \n-17,146.10 \n4,282.20 \n-50,617.30 \n38,106.70 \n-28,205.00 \n-16,903.20 \n62,077.10 \n6,357.30 \n-32,466.80 \n-54,786.5 \n45,062.2 \n Deposit Money Banks (DMBs) \n17,269.50 \n15,963.80 \n-4,416.00 \n-45,383.20 \n-6,804.10 \n36,375.10 \n108,086.10 \n-36,102.60 \n-92,123.20 \n22,145.09 \n-59,461.6 \n67,611.5 \n Other Banking Institutions (OBIs) \\1 \n2,022.00 \n-5,734.70 \n3,100.50 \n3,276.90 \n2,731.30 \n3,891.00 \n7,861.20 \n423 \n-9,229.80 \n4,084.65 \n-6,928.0 \n3,116.2 \n Liabilities \\2 \n-6,695.80 \n3,761.40 \n5,936.10 \n-65.4 \n-22,567.70 \n17,771.10 \n-22,103.40 \n-121,026.60 \n44,881.30 \n13,211.32 \n-27,249.4 \n34,093.9 \n RBZ \n-13,456.80 \n739.3 \n-2,828.50 \n1,854.60 \n5,474.20 \n-2,417.90 \n86.7 \n1,841.50 \n-137.6 \n-7,400.09 \n-6,550.1 \n5,448.4 \n DMBs \n20,266.20 \n-4,632.70 \n889.8 \n-984.1 \n17,053.30 \n-22,231.40 \n22,275.20 \n118,801.00 \n-40,904.20 \n-7,738.03 \n33,615.1 \n-43,696.7 \n OBIs \n-113.7 \n131.9 \n-3,997.50 \n-805.1 \n40.3 \n6,878.20 \n-258.6 \n384.1 \n-3,839.40 \n1,926.80 \n184.4 \n4,154.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \\3 \n167,551.70 \n13,240.90 \n98,386.90 \n-15,473.10 \n127,419.00 \n55,948.10 \n-66,247.70 \n156,644.50 \n-28,162.20 \n-1,752.72 \n133,332.6 \n18,334.6 \nDOMESTIC CREDIT \n117,774.80 \n87,375.20 \n135,309.30 \n33,774.50 \n73,552.20 \n32,681.40 \n118,302.40 \n167,516.40 \n-10,500.60 \n3,788.59 \n63,353.6 \n-36,724.9 \n Claims on Government (net) \n-10,047.60 \n3,657.00 \n-2,855.70 \n-6,181.90 \n59.1 \n7,004.90 \n490.8 \n95,348.00 \n-9,216.10 \n-13,678.34 \n17,474.1 \n9,369.8 \n RBZ \n-14.3 \n-373.2 \n583.5 \n20.3 \n-12.2 \n-9,830.10 \n309.9 \n-63 \n9,872.00 \n33.43 \n12.8 \n-1.2 \n DMBs \n-10,053.60 \n4,050.40 \n-3,235.60 \n-6,202.10 \n71.3 \n15,601.40 \n180.9 \n95,410.90 \n-18,088.00 \n-13,711.77 \n-2,579.8 \n8,995.5 \n OBIs \n20.2 \n-20.2 \n-203.6 \n0 \n0 \n1,233.60 \n0 \n0 \n-1,000.00 \n0.0 \n20,041.1 \n375.5 \n Claims on Public Enterpris \n347.5 \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n1,823.10 \n252.4 \n544.3 \n1,447.33 \n382.9 \n4,882.2 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n0.0 \n DMBs \n347.5 \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n18231 \n252.4 \n544.3 \n1,447.33 \n382.9 \n4,882.2 \n Agri-PEs \n0 \n0 \n0 \n-4,771.80 \n-4,772.80 \n-4,773.80 \n-4,774.80 \n0 \n0 \n0 \n0 \n0.0 \n Other \n347.5 \n17,518.80 \n304.3 \n4,446.00 \n1,543.70 \n8,354.50 \n6,597.90 \n252.4 \n544.3 \n1,447.33 \n382.9 \n4,882.2 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n0.0 \n Claims on Private Sector \n127,474.90 \n66,199.40 \n137,860.60 \n40,282.20 \n76,722.30 \n22,095.70 \n115,988.50 \n71,916.00 \n-1,828.70 \n16,019.59 \n45,496.5 \n-50,976.8 \n RBZ \n3,073.70 \n-3,417.50 \n-4,967.00 \n2,531.30 \n1,224.60 \n-426.2 \n-600.5 \n-885.3 \n377.8 \n1.0 \n-1.0 \n0.0 \n DMBs \n109,006.50 \n41,573.10 \n133,666.60 \n26,540.70 \n73,939.70 \n-7,238.70 \n105,612.90 \n68,894.30 \n-7,832.60 \n7,812.52 \n46,815.1 \n-53,257.8 \n OBIs \n15,394.60 \n28,043.80 \n9,161.00 \n11,210.10 \n1,558.00 \n29,760.70 \n10,976.10 \n3,906.90 \n5,626.00 \n8,206.07 \n-1,317.5 \n2,281.0 \nOTHER ITEMS (NET) \n49,777.00 \n-74,134.30 \n-36,922.40 \n-49,247.60 \n53,866.80 \n23,266.70 \n-184,550.10 \n-10,871.90 \n-17,661.60 \n-5,541.30 \n69,979.0 \n55,059.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n126,430.10 \n10,085.30 \n107,289.70 \n-108,262.00 \n138,885.10 \n85,780.40 \n10,692.90 \n62,015.40 \n-78,276.70 \n5,221.54 \n-15,092.8 \n168,218.4 \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n3.70% \n0.30% \n3.00% \n-2.90% \n3.90% \n2.30% \n0.30% \n1.60% \n-2.00% \n0.14% \n-0.4% \n4.4% \n Domestic Credit \n3.90% \n2.80% \n4.20% \n1.00% \n2.20% \n0.90% \n3.40% \n4.60% \n-0.30% \n0.10% \n1.7% \n-1.0% \n Claims on Private Sector \n4.40% \n2.20% \n4.50% \n1.20% \n2.30% \n0.70% \n3.40% \n2.10% \n-0.10% \n0.45% \n1.3% \n-1.4% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \n \n \n-11,405.7 \n \n82,500.7 \n59,509.8 \n10,110.6 \n12,880.3 \n-93,906.3 \n-6,416.2 \n100,181.4 \n141.2 \n \n62,804.8 \n62,627.7 \n32,214.0 \n1.1 \n32,341.8 \n-128.8 \n4,631.3 \n0.0 \n4,631.3 \n0.0 \n4,631.3 \n0.0 \n25,782.4 \n-885.3 \n4,990.7 \n21,677.1 \n177.1 \n \n51,399.0 \n \n1.3% \n1.6% \n0.7% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \nAPRIL \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-103,677.30 \n-202,674.90 \n-89,936.30 \n-190,761.00 \n-131,411.50 \n-100,210.80 \n-19,830.80 \n-139,041.90 \n-211,017.80 \n-408,762.52 \n-268,481.4 \n-146,235.3 \n Assets \n4,008.90 \n-129,754.20 \n-42,038.00 \n-142,367.40 \n-71,725.60 \n-81,928.20 \n36,818.40 \n33,821.10 \n-99,644.30 \n-321,764.74 \n-149,564.2 \n-66,182.3 \n Reserve Bank (RBZ) \n20,800.00 \n-95,804.20 \n-5,809.40 \n-77,953.30 \n-5,234.10 \n-34,371.40 \n-34,330.10 \n33,849.90 \n23,562.10 \n-129,087.95 \n-120,111.9 \n-97,956.8 \n Deposit Money Banks (DMBs) \n-41,001.10 \n-41,235.80 \n10,917.80 \n-76,767.00 \n-84,133.70 \n-68,113.20 \n53,083.10 \n-22,552.60 \n-134,496.90 \n-207,670.13 \n-38,404.5 \n23,160.4 \n Other Banking Institutions (OBIs) \n\\1 \n24,210.00 \n7,285.80 \n10,917.80 \n12,352.80 \n17,642.10 \n20,556.40 \n18,065.40 \n22,523.80 \n11,290.50 \n14,993.34 \n8,952.2 \n8,614.1 \n Liabilities \\2 \n-107,686.20 \n-72,920.70 \n-47,898.30 \n-48,393.50 \n-59,685.90 \n-18,282.60 \n-56,649.10 \n-172,863.00 \n-111,373.40 \n-86,997.79 \n-118,917.3 \n-80,053.1 \n RBZ \n-22,208.00 \n-23,594.10 \n-28,246.40 \n-27,498.90 \n-21,730.40 \n-33,783.90 \n-20,811.30 \n-2,908.60 \n-9,155.50 \n-20,012.20 \n-23,389.5 \n-17,346.3 \n DMBs \n108,209.80 \n74,698.50 \n78,373.30 \n79,089.80 \n89,568.80 \n53,504.60 \n79,315.30 \n177,406.00 \n121,978.00 \n105,662.89 \n140,952.3 \n92,713.4 \n OBIs \n21,684.40 \n21,816.30 \n-2,228.60 \n-3,197.30 \n-8,152.60 \n-1,438.00 \n-1,854.90 \n-1,634.40 \n-1,449.10 \n1,347.09 \n1,354.5 \n4,686.0 \nNET DOMESTIC ASSETS \\3 \n950,213.50 \n893,222.20 \n880,494.10 \n827,621.50 \n830,303.80 \n860,964.80 \n755,911.50 \n925,312.70 \n874,388.80 \n844,811.73 \n628,387.0 \n659,222.6 \nDOMESTIC CREDIT \n892,017.10 \n842,025.30 \n864,860.40 \n822,357.30 \n802,510.00 \n795,755.70 \n873,159.50 \n990,341.70 \n986,989.40 \n963,317.91 \n842,942.1 \n786,202.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n80,446.20 \n84,027.80 \n81,808.40 \n75,191.50 \n74,845.90 \n82,122.60 \n82,338.10 \n177,893.20 \n168,720.90 \n154,919.99 \n81,055.3 \n91,424.1 \n DMBs \n80,045.40 \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,123.73 \n60,198.4 \n70,439.5 \n OBIs \n223.8 \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.625 \n20,274.7 \n20,446.7 \n Claims on Public Enterprises \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n24,274.7 \n27,528.6 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n DMBs \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n24,122.0 \n27,528.6 \n Agri-PEs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n-1.0 \n0.0 \n Other \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,793.40 \n7,557.90 \n9,665.95 \n24,123.0 \n27,528.6 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n Claims on Private Sector \n809,247.00 \n748,477.10 \n777,751.70 \n739,886.00 \n730,843.70 \n713,583.30 \n781,394.30 \n805,656.00 \n810,710.60 \n798,732.97 \n737,764.8 \n667,250.2 \n RBZ \n10,864.80 \n3,313.70 \n665 \n1,765.10 \n-9,455.10 \n-9,387.20 \n-3,975.50 \n-3,903.10 \n-5,788.80 \n-7,388.11 \n-6,693.9 \n-3,088.9 \n DMBs \n654,211.80 \n584,559.50 \n616,003.90 \n597,497.20 \n617,287.40 \n574,157.10 \n654,515.10 \n687,696.60 \n691,818.10 \n687,296.33 \n627,797.4 \n545,532.3 \n OBIs \n144,170.40 \n160,603.90 \n161,082.90 \n140,623.70 \n123,011.40 \n148,813.50 \n130,854.70 \n121,862.50 \n124,681.30 \n118,824.75 \n116,661.3 \n124,806.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n58,196.40 \n51,196.90 \n15,633.70 \n5,264.20 \n27,793.80 \n65,209.10 \n-117,248.00 \n-65,029.00 \n-112,600.70 \n-118,506.18 \n-214,555.1 \n-126,980.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n846,536.20 \n690,547.40 \n790,557.90 \n636,860.50 \n698,892.30 \n760,753.90 \n736,080.70 \n786,270.80 \n663,371.00 \n436,049.20 \n359,905.6 \n512,987.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n31.00% \n23.80% \n27.20% \n21.60% \n23.10% \n24.90% \n23.80% \n25.40% \n21.10% \n12.91% \n10.5% \n14.9% \n Domestic Credit \n39.70% \n35.30% \n34.60% \n31.90% \n30.10% \n29.40% \n31.80% \n35.40% \n35.40% \n34.18% \n28.1% \n26.0% \n Claims on Private Sector \n36.40% \n31.90% \n31.70% \n29.20% \n27.90% \n26.80% \n28.90% \n29.20% \n29.50% \n28.77% \n25.6% \n23.0% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \n \n \n-116,519.4 \n50,744.2 \n15,270.3 \n16,001.4 \n19,472.4 \n-167,263.6 \n-10,305.8 \n172,628.6 \n4,940.8 \n554,475.7 \n731,055.8 \n \n133,685.7 \n112,834.8 \n20,297.6 \n31,812.4 \n0.0 \n31,812.4 \n0.0 \n31,812.4 \n0.0 \n565,557.7 \n-7,047.9 \n441,516.4 \n131,089.3 \n \n-176,580.1 \n \n437,956.1 \n \n \n12.2% \n23.3% \n18.7% \n \n \nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3) \n \n \n \n \n$ Thousands \n \n \n \n \n14 \n15 \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n363,990.9 \n39,589.6 \n27,332.8 \n322,510.1 \n8,749.9 \n74,636.2 \n336,196.7 \n77,655.7 \n198,437.3 \n52,515.7 \n171,956.3 \n1,013.2 \n1,674,584.5 \nFEBRUARY \n352,190.20 \n36,718.69 \n26,551.03 \n284,567.87 \n9,291.08 \n85,886.99 \n336,261.49 \n88,738.25 \n202,845.20 \n53,191.93 \n172,424.01 \n1,567.65 \n1,650,234.17 \nMARCH \n354,440.8 \n37,811.0 \n31,484.9 \n328,381.1 \n8,193.5 \n92,178.6 \n324,375.5 \n108,000.1 \n205,453.7 \n32,088.9 \n174,479.6 \n1,583.8 \n1,698,471.4 \nAPRIL \n341,893.5 \n30,462.0 \n33,633.8 \n358,038.0 \n5,558.5 \n78,498.4 \n334,699.5 \n110,765.7 \n220,956.5 \n26,181.8 \n179,845.8 \n1,355.3 \n1,721,888.8 \nMAY \n375,541.0 \n30,286.7 \n31,158.4 \n350,097.9 \n7,623.4 \n97,695.7 \n327,187.7 \n113,796.7 \n207,041.1 \n28,432.9 \n202,146.6 \n1,738.3 \n1,772,746.5 \nJUNE \n402,314.1 \n30,399.7 \n37,466.6 \n356,842.2 \n7,580.8 \n28,025.9 \n337,059.2 \n130,973.8 \n201,898.0 \n40,295.4 \n219,606.7 \n1,649.8 \n1,794,112.2 \nJULY \n416,536.2 \n26,795.9 \n36,424.2 \n369,410.8 \n8,174.0 \n26,119.1 \n348,484.2 \n136,934.2 \n203,314.6 \n36,869.5 \n249,542.8 \n3,382.6 \n1,861,988.0 \nAUGUST \n422,545.8 \n30,950.3 \n43,395.1 \n390,558.4 \n8,333.0 \n29,323.9 \n348,252.0 \n146,338.5 \n173,945.4 \n55,950.3 \n254,919.8 \n3,523.5 \n1,907,991.4 \nSEPTEMBER \n431,501.7 \n36,637.9 \n38,487.8 \n384,840.8 \n6,828.2 \n37,420.1 \n396,813.5 \n145,657.9 \n219,452.1 \n29,378.2 \n254,248.3 \n5,036.1 \n1,986,302.5 \nOCTOBER \n444,653.7 \n33,583.2 \n34,764.4 \n411,489.2 \n9,551.4 \n29,439.4 \n401,206.1 \n144,223.4 \n230,809.2 \n35,103.6 \n271,795.8 \n6,715.9 \n2,053,335.2 \nNOVEMBER \n444,527.3 \n33,548.0 \n37,207.3 \n428,008.3 \n10,704.6 \n32,236.2 \n417,838.2 \n142,715.0 \n228,088.4 \n36,568.0 \n267,282.0 \n8,055.2 \n2,087,778.7 \nDECEMBER \n444,341.0 \n32,622.8 \n37,353.2 \n428,782.2 \n8,513.2 \n31,513.9 \n414,044.9 \n148,927.9 \n233,864.4 \n33,116.1 \n288,628.5 \n9,370.9 \n2,111,078.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n455,178.9 \n43,628.2 \n23,433.4 \n428,381.7 \n14,997.8 \n35,589.1 \n444,798.7 \n135,046.2 \n288,857.6 \n45,643.6 \n377,037.0 \n7,693.7 \n2,300,585.8 \nMAY \n484,635.0 \n38,637.2 \n27,795.2 \n455,737.9 \n14,699.1 \n35,106.1 \n465,890.2 \n115,457.8 \n301,547.9 \n52,075.2 \n382,172.8 \n5,034.0 \n2,378,788.7 \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION DISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT INDIVIDUALS CONGLOM-\nERATES \nTOTAL \nEND OF \n \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n43,485.3 \n10,392.5 \n61,081.2 \n19,067.3 \n19,238.3 \n57,209.2 \n43,704.5 \n106,196.8 \n36,968.1 \n84,346.1 \n4,839.5 \n486,528.7 \nMAY \n78,656.9 \n13,181.3 \n27,476.1 \n12,928.2 \n22,947.0 \n62,231.5 \n79,196.3 \n74,699.3 \n47,191.6 \n115,625.4 \n8,319.3 \n542,453.4 \nJUNE \n99,949.6 \n12,989.0 \n55,552.6 \n15,544.8 \n22,884.4 \n64,832.4 \n58,599.9 \n91,171.3 \n33,744.2 \n125,204.9 \n7,515.8 \n587,988.8 \nJULY \n57,212.2 \n15,008.9 \n28,053.9 \n25,999.1 \n48,343.1 \n66,151.0 \n76,442.2 \n92,251.0 \n46,904.3 \n111,009.8 \n4,461.3 \n571,836.8 \nAUGUST \n49,200.5 \n14,198.6 \n38,216.6 \n26,733.6 \n27,.22.2 \n54,208.9 \n65,862.8 \n65,893.7 \n44,173.3 \n114,603.8 \n7,371.6 \n507,485.6 \nSEPTEMBER \n57,953.8 \n14,365.5 \n37,230.9 \n27,211.1 \n27,365.5 \n54,699.3 \n67,007.8 \n69,196.8 \n43,515.1 \n119,899.9 \n7,225.4 \n525,670.8 \nOCTOBER \n62,501.8 \n15,369.1 \n50,322.8 \n13,991.3 \n43,176.3 \n76,085.7 \n 84,137.4 \n74,481.1 \n36,442.3 \n 159,860.1 \n7,139.6 \n 623,507.5 \nNOVEMBER \n79,498.6 \n17,399.0 \n51,214.2 \n37,028.4 \n41,525.2 \n68,737.1 \n65,831.1 \n81,757.5 \n41,273.6 \n165,811.3 \n8,614.2 \n658,690.2 \nDECEMBER \n69,626.60 \n17,100.57 \n61,871.18 \n35,218.31 \n38,605.14 \n76,364.84 \n79,801.05 \n85,485.21 \n45,026.61 \n166,500.19 \n8,482.65 \n684,082.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n67,517.6 \n16,163.5 \n56,807.8 \n18,616.7 \n58,326.4 \n78,419.6 \n89,890.9 \n106,553.9 \n18,590.6 \n144,497.3 \n15,986.5 \n671,370.7 \nFEBRUARY \n58,292.9 \n21,826.4 \n56,104.4 \n18,101.2 \n62,883.5 \n78,714.5 \n89,292.0 \n117,785.5 \n17,680.2 \n128,827.9 \n9,967.9 \n668,578.1 \nMARCH \n69,856.5 \n16,673.4 \n60,104.1 \n16,684.4 \n58,510.5 \n72,517.4 \n97,158.1 \n88,814.4 \n14,831.7 \n173,486.3 \n17,657.4 \n686,294.1 \nAPRIL \n63,793.8 \n17,080.4 \n63,074.6 \n20,726.0 \n58,308.4 \n70,475.5 \n89,412.8 \n87,962.4 \n15,412.2 \n174,072.5 \n18,871.2 \n680,189.8 \nMAY \n67,425.0 \n17,232.4 \n66,358.3 \n21,534.7 \n59,449.7 \n72,998.8 \n89,738.5 \n84,961.5 \n15,028.8 \n189,089.0 \n18,888.7 \n702,705.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,494.8 \n1,897.5 \n0.0 \n479,6 \n31,053.3 \n31,756.6 \n20,082.4 \n0.0 \n1,516.1 \n3,623.5 \n105,903.9 \n FEBRUARY \n 16,359.6 \n483.9 \n0.0 \n734.6 \n32,663.4 \n15,907.7 \n5,112.6 \n0.0 \n301.8 \n0.0 \n71,563.6 \nMARCH \n15,328.4 \n4,816.6 \n0.0 \n734.6 \n33,053.5 \n22,330.2 \n3,206.4 \n0.0 \n301.8 \n0.0 \n75,436.7 \nAPRIL \n7,793.4 \n831.6 \n0.0 \n180.6 \n19,825.5 \n23,032.0 \n12,462.5 \n102.0 \n189.3 \n0.0 \n69,482.2 \nMAY \n0.0 \n0.0 \n0.0 \n2,055.8 \n14,431.9 \n15,786.1 \n17,666.6 \n589.7 \n2,850.8 \n836.1 \n54,217..1 \nJUNE \n1,031.1 \n1,011.3 \n0.0 \n1,875.2 \n13,904.0 \n21,823.7 \n16,562.2 \n0.0 \n189.3 \n836.1 \n57,233.0 \nJULY \n125.6 \n0.0 \n0.0 \n0.0 \n7,054.0 \n19,331.9 \n14,121.2 \n1,533.9 \n0.0 \n0.0 \n42,166.6 \nAUGUST \n0.0 \n913.3 \n0.0 \n0.0 \n13,898.0 \n13,694.7 \n18,347.2 \n0.0 \n0.0 \n0.0 \n46,853.3 \nSEPTEMBER \n0.0 \n11,242.5 \n0.0 \n0.0 \n12,193.0 \n15,228.3 \n3,969.9 \n0.0 \n0.0 \n0.0 \n42,633.7 \nOCTOBER \n0.0 \n1,135.0 \n0.0 \n0.0 \n2,134.9 \n28,261.6 \n204.0 \n0.0 \n0.0 \n0.0 \n31,735.5 \nNOVEMBER \n8,373.2 \n3,045.0 \n11,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n0.0 \n34,497.7 \nDECEMBER \n6,559.3 \n1,430.0 \n14,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n70.0 \n34,138.7 \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \nAPRIL \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,620.0 \n14,889.0 \n278.0 \n0.0 \n15,200.0 \n0.0 \n43,087.0 \nMAY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,500.0 \n6,330.8 \n2,109.4 \n0.0 \n1,000.0 \n0.0 \n22,040.2 \n18 \n TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n137,919.4 \n35,324.8 \n106,812.5 \n296,807.8 \n116,945.8 \n277,304.7 \n268,525.2 \n119,278.5 \n515,754.9 \n21,989.9 \n431,208.6 \n14,582.8 \n2,342,454.9 \n FEBRUARY \n132,404.53 \n36,283.33 \n110,794.26 \n341,462.75 \n99,165.46 \n288,834.34 \n264,450.53 \n104,923.38 \n577,378.61 \n22,873.9 \n467,084.94 \n14,234.06 \n2,459,890.1 \nMARCH \n121,233.1 \n38,555.4 \n124,038.5 \n348,687.2 \n93,320.0 \n263’552.7 \n276,941.5 \n76,084.4 \n629,624.3 \n24,984.1 \n468,608.5 \n14,756.2 \n2,480,386.1 \nAPRIL \n127,168.8 \n39,606.6 \n115,033.7 \n331,306.5 \n83,707.8 \n289,829.1 \n276,208.7 \n75,855.9 \n644,979.8 \n24,822.5 \n465,129 \n14,829.3 \n2,488,477.6 \nMAY \n124,277.7 \n43,333.7 \n142,130.1 \n370,561.1 \n93,500.0 \n249,454.2 \n299,116.6 \n86,314.7 \n648,511.1 \n28,279.3 \n516,523.0 \n16,891.5 \n2,618,892.9 \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n98,671.0 \n49,093.8 \n152,390.8 \n350,269.2 \n166,578.5 \n545,118.2 \n311,310.8 \n105,766.9 \n638,341.8 \n39,837.1 \n533,691.3 \n99,053.9 \n3,090,123.4 \nMAY \n114,053.3 \n55,427.4 \n142,023.3 \n389,384.7 \n255,352.1 \n484,429.7 \n318,129.4 \n92,777.2 \n700,668.7 \n46,593.8 \n578,509.2 \n32,297.7 \n3,209,646.5 \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n31,659.0 \n5,702.7 \n18,835.7 \n1,538.1 \n177,040.5 \n97,838.1 \n22,611.8 \n28,606.2 \n187,727.7 \n3,883.5 \n139,589.7 \n31,245.5 \n746,278.5 \nMAY \n17,827.5 \n5,756.6 \n18,786.2 \n1,258.9 \n187,857.9 \n99,688.5 \n19,315.6 \n44,794.2 \n197,568.8 \n3,436.3 \n132,325.5 \n31,463.1 \n760,079.2 \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES) \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4951 \n5175 \n6,101 \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4037 \n4095 \n4,315 \nBilateral Creditors \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2308 \n2325 \n2,481 \nMultilateral Creditors \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1729 \n1770 \n1,834 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nPublic Enterprises \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,139 \nBilateral Creditors \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n672 \nMultilateral Creditors \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n467 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nMonetary Authorities \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \nMultilateral Creditors - IMF \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n \n \n \n \n \n \n \n \n \n \n \n \nPrivate \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n647 \n \n \n \n \n \n \n \n \n \n \n \n \nShort-Term External Debt \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1198 \n1382 \n932 \nSupplier's Credits \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n34 \nReserve Bank \n \n \n \n \n \n \n \n \n642 \n642 \n642 \nPrivate \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n256 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal External Debt/1 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6289 \n6695 \n7,160 \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6133 \n7433 \n8,865 \nExternal Debt / GDP \n31.4% \n52.3% \n75.7% \n94.7% \n136.3% \n63.9% \n110.5% \n147.7% \n102.5% \n90.1% \n80.8% \n/1 Total external debt excludes penalties \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of Finance and \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \n \n \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \nMar \n8.00-30.00 \n16.04 \n12.53 \n14.00-35.00 \n18.17 \n13.26 \n \n \nApr \n8.00-30.00 \n15.00 \n13.06 \n13.00-25.00 \n18.37 \n16.36 \n \n \nMay \n6.00-30.00 \n14.98 \n11.86 \n15.00-30.00 \n15.78 \n14.47 \n \n \nJun \n6.00-35.00 \n13.81 \n11.58 \n15.00-30.00 \n17.86 \n14.05 \n \n \nJul \n6.00-35.00 \n14.32 \n10.88 \n15.00-30.00 \n17.92 \n13.93 \n \n \nAug \n6.00-35.00 \n15.65 \n10.74 \n15.00-30.00 \n17.94 \n13.95 \n \n \nSep \n6.00-35.00 \n13.25 \n11.14 \n15.00-30.00 \n17.98 \n13.92 \n \n \nOct \n6.00-35.00 \n13.35 \n11.03 \n13.00-30.00 \n17.98 \n13.95 \n \n \nNov \n6.00-35.00 \n15.25 \n10.88 \n13.00-25.00 \n17.91 \n14.42 \n \n \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n \n \n \n \n3. Lending rates exclude rates on staff loans. \nDec \n10.00-35.00 \n15.08 \n10.40 \n15.00-25.00 \n17.93 \n14.43 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \n \n \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \n \n \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \n \n \nMay \n9.00-35.00 \n14.25 \n9.89 \n13.00-23.00 \n17.66 \n17.02 \n \n \n \n \n \n \n \n \n \n \n \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n 2011 \n \n \n \nJANUARY \n0.05-2.00 \n0.50-18.00 \n10.00-17.00 \nFEBRUARY \n0.05-2.00 \n0.50-18.00 \n10.00-17.00 \nMARCH \n0.05-2.00 \n0.50-16.00 \n10.00-17.00 \nAPRIL \n0.35-6.00 \n0.15-17.00 \n10.00-17.00 \nMAY \n0.30-5.00 \n0.15-17.00 \n10.00-17.00 \nJUNE \n0.15-5.00 \n0.15-17.00 \n10.00-17.00 \nJULY \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nAUGUST \n0.15-5.00 \n0.10-17.00 \n11.00-17.00 \nSEPTEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nOCTOBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nNOVEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nDECEMBER \n0.15-5.00 \n0.10-18.00 \n10.00-17.00 \n \n \n \n \n20122 \n \n \n \nJANUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nFEBRUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nMARCH \n0.01-12.00 \n5.00-20.00 \n7.00-17.00 \nAPRIL \n0.00-12.00 \n5.00-20.00 \n8.00-17.00 \nMAY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJUNE \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJULY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nAUGUST \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nOCTOBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nNOVEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nDECEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates qouted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nMay \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n23 \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE \nHEALTH TRANSPORT \nCOMMUNI-\nCATION \nRECREATION & EDUCATION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n-0.54 \n0.00 \n0.00 \n0.00 \n0.01 \n0.00 \n0.00 \n0.01 \n0.00 \n0.01 \n-0.52 \n-0.06 \n0.32 \n0.07 \nFEBRUARY \n 2.75 \n0.37 \n0.41 \n0.20 \n1.51 \n1.65 \n-0.17 \n-0.08 \n0.08 \n0.77 \n1.11 \n0.72 \n1.40 \n0.95 \nMARCH \n0.47 \n0.04 \n0.03 \n0.36 \n0.06 \n0.49 \n-0.20 \n0.13 \n0.00 \n-1.11 \n0.08 \n0.15 \n0.32 \n0.21 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n0.19 \n-0.10 \n1.68 \n0.00 \n0.27 \n0.00 \n-13.15 \n0.00 \n4.01 \n0.20 \n-0.30 \n0.11 \n-0.49 \n-0.03 \nMAY \n-0.01 \n0.17 \n0.02 \n-0.28 \n-0.08 \n-0.73 \n-0.06 \n-0.49 \n0.00 \n0.05 \n-0.30 \n-0.17 \n-0.28 \n-0.21 \n24 \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n3.83 \n-0.74 \n10.70 \n0.65 \n1.94 \n6.42 \n-0.36 \n1.92 \n12.96 \n1.92 \n1.32 \n1.91 \n3.72 \n2.51 \nFEBRUARY \n5.77 \n-0.74 \n7.11 \n0.64 \n3.23 \n8.31 \n-0.01 \n-0.19 \n13.05 \n 3.01 \n 1.95 \n2.91 \n4.67 \n2.98 \nMARCH \n6.24 \n-0.80 \n5.48 \n0.70 \n3.28 \n8.73 \n-0.05 \n-0.19 \n8.37 \n1.71 \n1.64 \n2.04 \n4.18 \n2.76 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n3.57 \n5.86 \n-0.40 \n4.40 \n0.90 \n3.77 \n7.70 \n-13.33 \n-1.28 \n12.54 \n1.63 \n1.21 \n1.94 \n2.53 \nMAY \n5.88 \n-0.38 \n3.95 \n0.66 \n3.60 \n6.85 \n-13.13 \n-0.83 \n12.56 \n1.44 \n1.04 \n1.54 \n3.54 \n2.20 \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n7.82 \n7.32 \n76.20 \n1.32 \n1.60 \nFEBRUARY \n7.47 \n7.13 \n80.28 \n1.35 \n1.60 \nMARCH \n7.59 \n7.29 \n81.92 \n1.33 \n1.59 \nAPRIL \n7.82 \n7.41 \n80.78 \n1.32 \n1.61 \nMAY \n8.14 \n7.63 \n79.80 \n1.28 \n1.59 \nJUNE \n8.38 \n7.77 \n79.42 \n1.25 \n1.56 \nJULY \n8.18 \n7.74 \n78.23 \n1.23 \n1.57 \nAUGUST \n8.45 \n7.80 \n78.47 \n1.25 \n1.58 \nSEPTEMBER \n8.23 \n7.65 \n77.50 \n1.29 \n1.63 \nOCTOBER \n8.64 \n7.88 \n79.78 \n1.30 \n1.61 \nNOVEMBER \n8.78 \n7.95 \n80.94 \n1.30 \n1.60 \nDECEMBER \n8.48 \n7.88 \n86.06 \n1.32 \n1.62 \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \nMAY \n10.08 \n8.65 \n100.85 \n1.30 \n1.52 \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n255.1 \n258.7 \n91.1 \n382.3 \n109.8 \n0.0 \n0.0 \n1,097.0 \n120.3 \n1,988.3 \n262.6 \n135.2 \n316.4 \n3,919.8 \nFeb \n242.8 \n335.2 \n90.0 \n489.4 \n121.3 \n0.0 \n0.0 \n1,278.7 \n102.7 \n1,978.3 \n265.7 \n138.9 \n329.6 \n4,093.8 \n Mar \n285.0 \n444.6 \n103.2 \n217.6 \n140.4 \n0.0 \n0.0 \n1,191.3 \n34.7 \n2,040.5 \n337.0 \n152.8 \n339.6 \n4,095.9 \n Apr \n306.5 \n459.1 \n128.5 \n197.4 \n217.0 \n0.0 \n0.0 \n1,308.5 \n32.8 \n2,068.4 \n348.9 \n180.2 \n342.0 \n4,280.7 \n May \n316.3 \n441.8 \n113.2 \n210.5 \n225.8 \n0.0 \n0.0 \n1,307.6 \n32.2 \n2,156.2 \n388.5 \n182.5 \n384.1 \n4,451.3 \nJun \n297.2 \n413.2 \n98.2 \n245.8 \n232.6 \n0.0 \n0.0 \n1,287.1 \n32.4 \n2,140.6 \n369.7 \n228.5 \n386.3 \n4,444.7 \n Jul \n329.9 \n403.3 \n108.9 \n211.0 \n205.1 \n0.0 \n0.0 \n1,258.2 \n25.0 \n2,359.7 \n370.0 \n242.7 \n393.3 \n4,648.8 \n Aug 331.2 \n363.1 \n97.7 \n165.3 \n211.6 \n0.0 \n0.0 \n1,168.8 \n24.9 \n2,404.0 \n385.9 \n221.3 \n390.1 \n4,594.9 \n Sep \n299.3 \n381.7 \n109.8 \n185.2 \n175.2 \n0.0 \n0.0 \n1,151.3 \n25.1 \n2,498.0 \n390.6 \n240.1 \n390.4 \n4,695.4 \nOct \n331.5 \n368.4 \n127.1 \n191.5 \n174.2 \n7.4 \n0.0 \n1,200.1 \n25.0 \n2,530.01 \n372.3 \n246.6 \n389.6 \n4,763.6 \nNov \n306.6 \n358.3 \n119.3 \n325.9 \n188.1 \n7.5 \n0.0 \n1306.0 \n25.5 \n2,591.9 \n348.3 \n234.4 \n394.1 \n4,900.0 \nDec \n375.9 \n374.7 \n131.1 \n219.7 \n190.8 \n8.2 \n0.0 \n1,300.4 \n27.7 \n2,631.6 \n375.3 \n255.7 \n389.0 \n4,980.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n323.4 \n378.5 \n103.4 \n182.3 \n247.8 \n0.0 \n0.0 \n1,235.5 \n52.2 \n2,694.9 \n386.1 \n205.7 \n386.7 \n4,961.1 \nFeb \n292.2 \n357.7 \n120.5 \n234.6 \n239.9 \n0.0 \n0.0 \n1,244.9 \n27.7 \n2,289.3 \n328.8 \n208.0 \n388.3 \n4,887.0 \nMar \n271.6 \n345.7 \n196.1 \n198.9 \n265.3 \n0.0 \n0.0 \n1277.6 \n26.1 \n2715.8 \n367.2 \n228.8 \n388.0 \n5,003.5 \nApr \n263.8 \n383.6 \n201.1 \n272.9 \n289.9 \n75.3 \n5.2 \n1491.7 \n26.3 \n2595.8 \n341.3 \n207.0 \n382.1 \n5,044.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May \n250.9 \n400.9 \n198.2 \n296.7 \n253.5 \n75.4 \n5.3 \n1480.8 \n25.8 \n2673.2 \n389.8 \n208.0 \n382.9 \n5,160.5 \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1,830.5 \n740.1 \n170.2 \n2,740.8 \n143.6 \n0.0 \n47.3 \n426.6 \n262.6 \n298.9 \n3,919.8 \n2,740.8 \nFeb \n1,980.9 \n745.4 \n197.8 \n2,924.1 \n163.3 \n0.0 \n23.5 \n437.8 \n265.7 \n281.4 \n4,095.8 \n2,924.1 \n Mar \n1,944.7 \n699.6 \n322.7 \n2,967.0 \n149.2 \n0.0 \n25.4 \n437.5 \n337.0 \n262.4 \n4,178.6 \n2,967.0 \n Apr \n1,932,8 \n722.1 \n350.4 \n3,005.3 \n155.1 \n0.0 \n23.8 \n440.3 \n348.9 \n307.3 \n4,280.7 \n3,005.3 \n May \n1,886.1 \n802.5 \n462.2 \n3,150.9 \n175.3 \n0.0 \n23.2 \n483.6 \n388.5 \n229.7 \n4,451.3 \n3,150.9 \nJun \n1,889.3 \n899.4 \n391.7 \n3,180.4 \n170.9 \n0.0 \n21.5 \n503.9 \n369.7 \n198.2 \n4,444.7 \n3,180.4 \nJul \n1,957.8 \n873.6 \n500.6 \n3,331.9 \n172.8 \n0.0 \n22.7 \n539.0 \n370.0 \n212.4 \n4,648.8 \n3,331.9 \nAug \n1,919.2 \n930.2 \n374.3 \n3,223.6 \n172.2 \n0.0 \n22.1 \n562.5 \n385.9 \n228.5 \n4,594.9 \n3,223.6 \n Sep \n1,962.6 \n883.0 \n490.0 \n3,335.6 \n183.9 \n0.0 \n20.5 \n552.6 \n390.6 \n205.8 \n4,689.0 \n3,335.6 \n Oct \n1,997.7 \n1,011.7 \n413.6 \n3,422.9 \n168.1 \n0.0 \n20.5 \n562.9 \n372.3 \n216.7 \n4,763.6 \n3,422.9 \n Nov \n1,895.8 \n966.6 \n679.6 \n3,542.0 \n192.9 \n0.0 \n38.2 \n562.2 \n348.3 \n216.4 \n4,900.0 \n3,542.0 \n Dec \n2,090.5 \n922.3 \n507.5 \n3,520.4 \n212.5 \n0.0 \n30.8 \n618.5 \n375.3 \n222.5 \n4,980.0 \n3,520.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,032.2 \n866.1 \n552.4 \n3,450.7 \n266.1 \n0.0 \n27.8 \n623.9 \n386.1 \n206.5 \n4,961.1 \n3,450.7 \nFeb \n1,987.8 \n933.3 \n491.5 \n3,412.5 \n258.1 \n0.0 \n32.4 \n631.9 \n328.8 \n223.3 \n4,887.0 \n3,417.9 \nMar \n1,960.1 \n976.3 \n451.1 \n3,387.3 \n290.9 \n0.0 \n32.8 \n687.7 \n367.2 \n237.6 \n5,003.5 \n3,387.3 \nApr \n 2,074.5 \n1,046.3 \n379.5 \n3,500.3 \n 247.6 \n0.0 \n37.9 \n667.2 \n341.3 \n249.8 \n5,044.2 \n3,500.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n May \n \n2,066.0 \n \n913.0 \n \n479.9 \n \n3,459.0 \n \n346.5 \n \n0.0 \n \n81.8 \n \n674.4 \n \n389.8 \n \n209.0 \n \n5,160.4 \n \n3,459.0 \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n May \n3.0 \n7.6 \n18.5 \n1.8 \n20.0 \n0.0 \n51.0 \n0.0 \n259.5 \n54.9 \n77.4 \n31.4 \n474.3 \nJune \n3.6 \n6.6 \n23.9 \n1.0 \n9.9 \n0.0 \n44.9 \n0.0 \n277.8 \n49.6 \n84.2 \n22.7 \n479.3 \nJul \n1.4 \n2.2 \n25.2 \n0.9 \n8.2 \n0.0 \n37.9 \n0.0 \n237.5 \n37.5 \n75.7 \n14.8 \n403.5 \nAug \n0.8 \n0.6 \n31.8 \n0.4 \n5.5 \n0.0 \n39.2 \n0.0 \n223.3 \n36.7 \n59.5 \n22.7 \n381.4 \nSep \n0.9 \n3.7 \n27.8 \n5.5 \n3.1 \n0.0 \n40.9 \n0.0 \n228.0 \n36.8 \n56.1 \n22.1 \n383.9 \nOct \n2.8 \n0.4 \n28.4 \n1.6 \n3.3 \n0.4 \n36.9 \n0.0 \n208.9 \n37.1 \n53.5 \n22.4 \n358.7 \nNov \n1.7 \n0.5 \n30.2 \n1.2 \n3.3 \n0.4 \n37.3 \n0.0 \n235.9 \n37.1 \n53.6 \n22.4 \n386.3 \nDec \n2.2 \n1.0 \n26.1 \n1.4 \n3.3 \n0.4 \n34.4 \n0.0 \n239.2 \n37.2 \n69.1 \n22.3 \n402.3 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1.5 \n2.7 \n28.6 \n0.0 \n3.4 \n0.0 \n36.2 \n0.0 \n236.7 \n34.8 \n60.2 \n29.1 \n397.0 \nFeb \n4.7 \n1.5 \n18.4 \n0.0 \n4.5 \n0.0 \n26.9 \n0.0 \n245.7 \n34.8 \n63.9 \n28.9 \n398.2 \nMar \n2.5 \n1.1 \n7.3 \n-3.1 \n1.2 \n0.0 \n8.9 \n0.0 \n260.3 \n34.2 \n50.4 \n28.8 \n382.6 \nApr \n2.7 \n1.3 \n20.1 \n-1.9 \n1.2 \n0.0 \n23.4 \n0.0 \n254.9 \n34.2 \n51.7 \n27.7 \n392.0 \n May \n2.4 \n4.1 \n18.6 \n-2.4 \n4.5 \n0.0 \n27.3 \n0.0 \n253.4 \n34.6 \n63.0 \n12.7 \n391.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n Apr \n89.9 \n117.5 \n42.8 \n250.3 \n44.8 \n0.0 \n0.0 \n55.6 \n56.3 \n69.4 \n476.2 \n250.3 \n May \n85.5 \n100.9 \n68.1 \n254.6 \n44.8 \n0.0 \n0.0 \n-48.7 \n54.9 \n168.7 \n474.3 \n254.6 \n Jun \n136.9 \n91.2 \n33.7 \n261.8 \n44.6 \n0.0 \n1.7 \n-22.4 \n49.6 \n144.0 \n479.3 \n261.8 \n Jul \n110.8 \n36.4 \n69.2 \n216.4 \n43.6 \n0.0 \n1.0 \n-33.1 \n37.5 \n138.1 \n403.5 \n216.4 \n Aug \n107.0 \n42.6 \n64.5 \n214.1 \n43.1 \n0.0 \n1.0 \n-96.8 \n36.7 \n183.3 \n381.4 \n214.1 \n Sep \n102.5 \n60.4 \n56.4 \n219.3 \n42.8 \n0.0 \n2.7 \n-47.9 \n36.8 \n130.2 \n383.9 \n219.3 \n Oct \n122.8 \n35.9 \n60.6 \n219.3 \n39.8 \n0.0 \n2.7 \n-51..1 \n37.1 \n110.9 \n358.7 \n219.3 \n Nov \n105.3 \n69.3 \n46.4 \n221.0 \n39.9 \n0.0 \n2.7 \n-69.7 \n37.1 \n155.2 \n386.3 \n221.0 \n Dec \n108.1 \n67.9 \n44.2 \n220.2 \n44.5 \n0.0 \n2.7 \n-60.9 \n37.2 \n158.5 \n402.3 \n220.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n106.9 \n91.7 \n21.3 \n220.0 \n44.8 \n0.0 \n2.7 \n-72.4 \n34.8 \n167.2 \n397.0 \n220.0 \n Feb \n102.8 \n66.0 \n55.7 \n224.5 \n45.3 \n0.0 \n2.7 \n-77.8 \n34.8 \n168.7 \n398.2 \n224.5 \n Mar \n104.3 \n62.3 \n52.8 \n219.5 \n45.8 \n0.0 \n1.2 \n-97.3 \n34.2 \n179.3 \n382.6 \n219.5 \n Apr \n107.3 64.6 \n56.3 \n228.3 \n 45.4 \n0.0 \n1.2 -98.1 \n34.2 \n 181.1 \n392.0 \n228.3 \n May \n112.2 \n67.1 \n54.4 \n233.6 \n46.7 \n0.0 \n1.2 \n-99.4 \n34.6 \n174.3 \n391.0 \n233.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.1 \n80.8 \n0.0 \n0.0 \n100.9 \n207.2 \n80.6 \n17.6 \n112.2 \n518.5 \n Feb \n13.3 \n99.2 \n0.0 \n0.0 \n112.6 \n226.5 \n81.0 \n19.3 \n112.5 \n551.8 \n Mar \n15.8 \n109.0 \n0.0 \n0.0 \n124.7 \n221.5 \n83.1 \n19.7 \n112.7 \n561.6 \n Apr \n18.2 \n99.7 \n0.2 \n0.0 \n118.0 \n215.5 \n85.5 \n23.7 \n111.3 \n554.0 \n May \n19.6 \n93.7 \n0.2 \n0.0 \n113.4 \n219.7 \n93.3 \n24.5 \n113.0 \n564.0 \n Jun \n15.7 \n102.2 \n0.2 \n0.0 \n118.1 \n239.5 \n96.5 \n25.6 \n114.6 \n594.3 \n Jul \n19.6 \n108.6 \n0.0 \n0.0 \n128.2 \n242.3 \n101.3 \n26.2 \n116.2 \n614.3 \n Aug \n18.7 \n113.1 \n0.0 \n0.0 \n131.8 \n248.8 \n104.7 \n27.5 \n118.2 \n630.9 \n Sep \n18.6 \n131.9 \n0.0 \n0.0 \n150.5 \n248.8 \n105.6 \n29.2 \n118.9 \n653.0 \n Oct \n20.1 \n123.0 \n0.0 \n1.0 \n144.0 \n266.6 \n116.7 \n28.9 \n118.9 \n675.1 \n Nov \n22.5 \n125.0 \n0.0 \n1.0 \n148.6 \n277.2 \n117.8 \n33.4 \n117.4 \n694.3 \n Dec \n29.2 \n133.2 \n0.0 \n1.0 \n163.4 \n278.1 \n118.3 \n30.2 \n126.9 \n716.9 \n Feb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \n Mar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \n \n \n \n \n \n \n \n \n \n \n \n Apr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \n May \n30.2 \n179.6 \n0.2 \n20.3 \n230.0 \n307.3 \n120.3 \n40.4 \n121.9 \n820.0 \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n2011 \n \n \n \n \n \n \n \n Jan \n72.6 \n70.1 \n142.8 \n105.8 \n34.6 \n283.1 \n142.8 \n Feb \n78.8 \n76.2 \n155.0 \n107.6 \n36.1 \n298.7 \n155.0 \n Mar \n87.0 \n83.0 \n170.1 \n108.6 \n11.8 \n318.7 \n170.1 \n Apr \n90.1 \n85.0 \n175.1 \n110.6 \n16.4 \n332.1 \n175.1 \n May \n95.5 \n102.5 \n197.9 \n112.7 \n21.6 \n364.9 \n197.9 \n Jun \n124.6 \n77.4 \n202.0 \n116.7 \n50.6 \n369.4 \n202.0 \n Jul \n146.7 \n68.1 \n214.8 \n119.0 \n70.0 \n403.9 \n214.8 \n Aug \n149.9 \n80.6 \n230.6 \n122.0 \n67.7 \n420.3 \n230.6 \n Sep \n149.4 \n93.2 \n242.6 \n123.1 \n77.5 \n443.3 \n242.6 \n Oct \n154.3 \n93.0 \n247.3 \n125.8 \n13.7 \n453.8 \n247.3 \n Nov \n158.3 \n123.9 \n282.4 \n129.0 \n89.2 \n500.6 \n282.4 \n Dec \n186.4 \n100.7 \n287.0 \n121.3 \n96.7 \n505.1 \n287.0 \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n \n \n \n \n \n \n \n \n May \n315.3 \n212.0 \n527.4 \n193.3 \n23.4 \n820.0 \n527.4 \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nJan \n138.52 \n79.09 \n3,422.20 \nFeb \n146.03 \n95.39 \n3,696.60 \nMar \n136.76 \n85.01 \n3,458.10 \nApr \n129.55 \n97.15 \n3,303.40 \nMay \n132.03 \n83.73 \n3,351.20 \nJun \n131.96 \n75.70 \n3,341.46 \nJul \n132.92 \n112.12 \n3,445.93 \nAug \n132.27 \n89.04 \n3,434.00 \nSep \n146.00 \n96.00 \n3,822.80 \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \nApr \n189.66 \n71.98 \n4,894.68 \nMay \n212.72 \n73.99 \n5,471.22 \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n910.3 \n110.9 \n52.3 \n295.5 \n1,369.0 \nFebruary \n943.2 \n123.2 \n57.0 \n325.2 \n1,448.6 \nMarch \n1,022.3 \n178.3 \n56.0 \n334.3 \n1,590.9 \nApril \n1,072.5 \n160.3 \n54.2 \n331.5 \n1,618.5 \nMay \n1,264.8 \n169.0 \n55.4 \n335.5 \n1,824.7 \nJune \n1,291.1 \n124.9 \n58.3 \n369.7 \n1,844.0 \nJuly \n1,374.2 \n105.6 \n61.4 \n389.3 \n1,930.5 \nAugust \n1,304.5 \n107.1 \n59.3 \n401.2 \n1,872.1 \nSeptember \n1,373.0 \n116.8 \n60.1 \n420.0 \n1,969.9 \nOctober \n1,425.3 \n96.4 \n61.8 \n428.6 \n2,012.1 \nNovember \n1,646.2 \n115.7 \n67.2 \n426.3 \n2,255.4 \nDecember \n1,429.8 \n112.1 \n63.9 \n440.3 \n2,046.1 \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \nMay \n1,393.0 \n121.5 \n66.2 \n527.4 \n2,108.0 \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,097.0 \n685.2 \n411.8 \n75.1 \n62.2 \n12.9 \nFebruary \n1,278.7 \n731.5 \n548.2 \n44.8 \n64.4 \n-19.6 \nMarch \n1,273.6 \n741.8 \n531.8 \n95.1 \n62.3 \n32.8 \nApril \n1,308.5 \n751.3 \n557.2 \n72.3 \n62.6 \n9.8 \nMay \n1,307.6 \n787.7 \n519.9 \n51.0 \n63.6 \n-12.6 \nJune \n1,287.5 \n795.1 \n492.4 \n44.9 \n65.4 \n-20.5 \nJuly \n1,258.2 \n833.0 \n425.2 \n37.9 \n54.1 \n-16.2 \nAug \n1,168.8 \n805.9 \n362.9 \n39.2 \n53.5 \n-14.4 \nSeptember \n1,151.3 \n833.9 \n317.4 \n40.9 \n54.8 \n-13.9 \nOctober \n1,200.1 \n855.7 \n344.4 \n36.9 \n54.8 \n-17.9 \nNovember \n1,306.0 \n885.5 \n420.5 \n37.3 \n55.2 \n-18.0 \nDecember \n1,300.4 \n880.1 \n420.3 \n34.4 \n55.1 \n-20.6 \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n862.7 \n372.8 \n36.2 \n55.0 \n-18.8 \nFebruary \n1,244.9 \n854.5 \n390.4 \n26.9 \n56.1 \n-29.2 \nMarch \n1,277.6 \n846.8 \n430.8 \n8.9 \n54.9 \n-46.0 \nApril \n1,491.7 \n875.1 \n616.6 \n23.4 \n57.1 \n-33.6 \nMay \n1,480.8 \n864.7 \n616.1 \n27.3 \n58.4 \n-31.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from 1 August 2010, the prescribed liquid asset ratio was reviewed from 10% to 20% of liabilities to the public. \n35 \nTABLE 13 : ZETSS, CHEQUES AND CARDS ACTIVITY. \nUS$ Millions \nMONTH \nZETSS VALUES \nCHEQUE VALUES \nCARD VALUES \nMOBILE & INTERNET \n \n \n \n \n \n2012 \n \n \n \n \nJan \n2,439.7 \n5.3 \n137.2 \n60.8 \nFeb \n2,920.1 \n6.1 \n137.1 \n77.2 \nMar \n3,242.8 \n6.8 \n156.4 \n104.1 \nApr \n2,948.5 \n5.5 \n160.5 \n68.6 \nMay \n3,237.4 \n5.0 \n189.6 \n82.0 \nJun \n3,407.3 \n6.5 \n177.7 \n93.5 \nJul \n3,321.0 \n6.7 \n169.1 \n135.6 \nAug \n3,417.3 \n6.1 \n218.4 \n98.3 \nSep \n3,043.2 \n5.6 \n235.5 \n149.2 \nOct \n3,630.7 \n6.6 \n232.9 \n196.9 \nNov \n3,526.0 \n5.9 \n240.8 \n197.3 \nDec \n3,584.7 \n5.0 \n308.9 \n220.3 \nAnnual Total \n38,718.7 \n71.1 \n2,364.1 \n1,483.8 \nFeb \n2,968.0 \n5.5 \n260.5 \n199.3 \n \n \n \n \n \n2013 \n \n \n \n \nJan \n3,563.8 \n5.2 \n254.4 \n205.2 \nMar \n3,340.0 \n15.2 \n312.4 \n220.6 \n \n \n \n \n \nApr \n3,535.6 \n16.6 \n328.2 \n283.6 \nMay \n3,915.3 \n15.4 \n332.6 \n364.0", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/May2013.pdf"}

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+{"doc_id": "3d556dfd9c52a76c5b7c13579de4a976", "text": "MONTHLY ECONOMIC REVIEW \nJUNE 2014 \nSelected Economic Indicators \n2 \nStock Market Developments \n3 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \n \n \nMonetary Developments \n5 \nINSIDE THIS ISSUE \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2014 \nMay \n2014 \nJune \nMonth on \nMonth \nChange \nZ.S.E. Mining Index1 \n35.45 \n61.32 \n72.98% \nZ.S.E. Industrial Index1 \n174.89 \n186.57 \n6.68% \nMoney Supply (Total Bank Deposits) (US$)2 \n4.33 billion \n4.32 billion \n-0.05% \nMoney Supply (M3) Annual Growth2 \n7.66% \n12.65% \n-0.05% \nYearly Inflation3 \n-0.19% \n-0.08% \n-0.03% \nNominal Commercial Lending Rate (%) \n6.00-35.00 \n6.00-35.00 \n \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 ZIMSTAT \n \n \n \n \nSTOCK MARKET DEVELOPMENTS \n \nIn June 2014, the Zimbabwe Stock Exchange \n(ZSE) continued on an upward trend, despite \nthe continuing liquidity challenges. \nIn international markets, geopolitical risk \nwas on a rise in the month under review, as \nviolence broke out in the Iraq, Israel and \nPalatine, as well as in Ukraine. This resulted \nin an increase in the price of Brent crude oil \nto over US$115/barrel. Global stock markets, \nhowever, continued to rise partly due to \npositive macroeconomic data coming out of \nthe United States. \nMost African stock markets registered gains, \nwith Zimbabwe rising by 6.68%, South \nAfrica, 2.60% and Nigeria 2.40%. \nThe ZSE’s industrial index increased by \n6.68%, to close at 186.57 points during the \nperiod under review. The industrial index \ncontinued to reversing its year to date losses \nby gaining 7.63% in June 2014. \nThe mining index gained 72.98%, to close at \n61.32 points in June 2014, from 35.45 points \nin May. The gains emanated largely from a \n118.18% growth in the share price of \nBindura Nickel Mine, from US2.20 cents in \nMay to US4.80 cents in June 2014. This was \nunderpinned by an operating profit of \nUS$17.3 million for the financial year end-\ning March 2014, against an operating loss of \n \n2 3 \n \n2 4 \nUS$13.1 million in 2013. The mining index \ngained 33.92%, on a year to date basis. \nThe volume of shares traded further declined \nby 24.31%, from 235.80 million shares in \nMay 2014 to 178.47 million shares in June \n2014. Total turnover concomitantly declined \nby 20.74%, weighed down by thin trading \nvolumes, to close the month under review at \nUS$28.55 million. \nReflective of increases in the prices of \nheavily \ncapitalized \nshares, \nmarket \ncapitalization \nincreased \nby \n8.66% \nto \nUS$4.87 billion, at the end of June 2014, \nfrom US$4.49 billion at the close of May \n2014. On a year to date basis, however, the \nZSE’s market capitalization fell by 6.28%. \n \nMONETARY DEVELOPMENTS \n \nAnnual growth in broad money increased \nfurther to 12.65% in June 2014. Broad \nmoney was recorded at US$4 323.6 million \nin June 2014, from US$3 838.2 million in \nJune 2013. On a monthly basis, broad \nmoney, however, declined by 0.05%. \n \nThe monthly decline in broad money was \nunderpinned \nby \noutflows \nof \nUS$53.16 million in demand deposits, and \nUS$6.3 million in deposits with a maturity \nof less than 30 days. Offsetting these \ndeclines \nwere \ninflows \namounting \nto \nUS$30.6 million in deposits with a maturity \nof over 30 days and US$26.7 million in sav-\nings deposits. \n \nAgainst the background of a surge in \ndeposits, annual growth in domestic credit \nrose to 6.05%, largely reflecting a 141.82% \nincrease in net credit to Government. Re-\nflecting this, Treasury bills holdings by com-\nmercial and merchant banks, increased by \n246.64% between June 2013 and June 2014. \n \nCredit to the private sector continued to be \ndriven by loans and advances, which were \npartly sustained by offshore lines of credit, as \nlocal sources of liquidity remain under strain. \nLending to the private sector by banks de-\n \n3 5 \nclined marginally to US$2 955.85 million in \nJune 2014, from US$2 956.04 million in May \n2014. \n \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nDeflationary pressures in the economy contin-\nue to slowly dissipate, with annual headline \ninflation increasing for the third consecutive \nmonth in June 2014. Annual inflation stood at \n-0.08% in June 2014, gaining 0.11% on the \nMay 2014 rate of -0.19%, mainly driven by \nboth food and non-food inflation. \nYear on year food inflation increased from -\n3.75% in May 2014, to -3.54 percent in June \n \nThe distribution industry and household bor-\nrowers received 18.14% and 18.10% share \nof the cumulative loans and advances, re-\nspectively. The loans and advances were \nmainly utilized to meet short term working \ncapital requirements, restocking and raw \nmaterial procurement, as well as to finance \nconsumer durables and other consumption \nrelated expenses. \n \n4 \n \n6 \n2014. Food inflation is, however, expected to \nremain depressed in the outlook period owing \nto good agriculture harvest. \nThe main contributors to annual food infla-\ntion included vegetables; meat, sugar, jam, \nhoney, chocolate and confectionery; bread \nand cereals and the fish and sea food sub-\ncategories. \nAnnual non-food inflation also rose from \n1.62% in May 2014, to 1.67% in June 2014, \nlargely driven by education; housing, water, \nelectricity, gas and other fuels; alcoholic bev-\nerages and tobacco; and transport services \nsub-categories. \nMonth-on-Month Inflation \nMonth-on-month inflation rate for June 2014 \nstood at -0.03% gaining 0.11 percentage \npoints, from -0.13% in May 2014, driven by \nincreases in both food and non-food infla-\ntion. \nMonth on month food inflation gained 0.18 \npercentage points from -0.30% in May 2014 \nto -0.12% in June 2014, mainly driven by \nincreases in the prices of bread and cereals; \nmeat; fish and sea food; milk, cheese and \neggs; and oils and fats. \nMonthly non-food inflation for June 2014 \nstood at -0.02%, gaining 0.07% from the \nMay 2014 rate of -0.05%. The monthly non-\nfood inflation was driven by clothing and \nfootwear; furniture, household equipment \nand maintenance; health; and miscellaneous \ngoods and services. \nInflation Outlook \nIn the medium to long term, developments in \nthe South African rand/US$ exchange rate, \ninternational oil prices, the pricing of utilities \nand the level of aggregate demand in the do-\nmestic economy will continue to influence \ninflation developments. \n7 \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through \nthe RTGS system in June 2014 increased by \n9% to US$3.7 billion from US$3.4 billion in \nMay 2014 while the volume of transactions \nregistered a decline of 3% from 200 146 to \n193 582 in the same period. \nCard Systems \nThe total value of card based transactions \nincreased by 21.04% to US$361.25 million \nin June 2014, from US$298.46 million in \nMay 2014. \nMobile and Internet Based Transactions \nThe value of mobile and internet based \ntransactions also increased by 44.61%, from \nUS$268.62 \nmillion \nin \nMay \n2014 \nto \nUS$388.46 million in June 2014. \nCheques \nThe value of cheque transactions increased \nto US$13.65 million in June 2014, from \nUS$12.42 million in May 2014. \n \n \n \n \n \n \n \n \n \nReserve Bank of Zimbabwe \nJuly 2014 \n \n8 \nNOTES \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n35 \n \n13.2 Volumes of Transactions \n \n \n \n \n36 \n10 \n11 \nTABLE 1.1 : MONETARY AGGREGATES \n US$ Thousands \n \n2013 \n \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \nApril \nMay \nJune \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nRBZ Demand Deposits \n73.0 \n73.5 \n71.9 \n72.8 \n73.3 \n72.6 \n71.9 \n69.7 \n71.1 \n71.5 \n71.5 \n71.9 \n96.6 \nComm. Banks Dem. Deposits \n 1,874,568.0 \n \n1,926,968.5 1,901,793.3 \n1,952,024.0 \n1,971,838.8 \n1,821,288.9 \n1,825,413.5 \n2,039,955.9 \n1,974,493.8 \n2,033,715.1 \n2,130,063.2 2,173,283.2 \n2,120,102.4 \nMerchant Banks Dem. Deposits \n 114,560.5 111,261.06 \n109,449.6 \n111,153.9 \n112,536.2 \n122,639.2 \n134,494.8 \n36,792.2 \n47,555.9 \n41,037.1 \n57,346.1 \n42,779.8 \n42,779.8 \nM1 \n 1,989,201.5 2,038,302.96 2,011,314.8 \n2,063,250.8 \n2,084,448.3 \n1,944,000.7 \n1,959,980.2 \n2,076,817.8 \n2,022,120.8 \n2,074,823.7 \n2,187,480.8 2,216,134.9 \n2,162,978.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks Savings Deposits \n 229,386.7 201,667.79 \n187,394.4 \n227,599.9 \n209,966.7 \n201,724.6 \n281,785.8 \n215,665.0 \n230,541.1 \n237,243.6 \n233,539.2 \n223,445.3 \n253,857.5 \nBuilding Soc. Savings Deposits \n 189,753.8 \n195,606.6 \n189,953.1 \n191,553.5 \n187,410.7 \n200,415.2 \n204,200.7 \n196,806.6 \n195,707.7 \n202,936.6 \n228,310.8 \n241,398.4 \n234,278.6 \nP O S B Savings Deposits \n 60,117.8 \n60,162.5 \n51,322.2 \n58,974.0 \n50,457.7 \n60,845.4 \n62,044.0 \n58,314.5 \n58,920.4 \n60,801.9 \n66,479.0 \n64,831.6 \n68,218.1 \nComm. Banks U-30 Day Deposits \n 629,544.6 \n663,617.3 \n643,559.0 \n606,360.8 \n614,427.6 \n605,429.9 \n489,493.1 \n552,134.9 \n596,106.0 \n626,443.7 \n661,815.1 \n685,132.2 \n669,439.9 \nMerchant Banks U-30 Day Deposits 56,223.1 \n82,650.4 \n80,569.1 \n82,581.6 \n80,368.8 \n59,721.1 \n56,379.8 \n47,277.8 \n48,250.7 \n48,387.9 \n40,336.6 \n34,572.1 \n33,202.1 \nBuilding Soc. U- 30 Day Deposits \n 119,217.4 \n121,325.5 \n99,842.7 \n138,431.2 \n113,495.4 \n118,360.9 \n155,932.2 \n107,130.3 \n112,927.5 \n156,466.8 \n115,037.7 \n164,622.3 \n175,432.1 \nM2 \n 3,273,444.8 3,363,333.0 3,263,955.2 \n3,368,751.9 \n3,340,575.2 \n3,190,497.8 \n3,209,815.8 \n3,254,146.9 \n3,264,574.2 \n3,407,104.1 \n3,532,999.2 3,630,137.0 \n3,597,407.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks O-30 Day Deposits \n 268,082.1 219,826.9 \n223,258.1 \n257,854.4 \n308,773.8 \n328,511.0 \n496,391.7 \n352,689.2 \n468,960.6 \n426,625.1 \n408,961.7 \n438,431.5 \n489,568.8 \nMerchant Banks O-30 Day Deposits 52,329.5 \n27,019.2 \n25,199.0 \n19,024.4 \n14,876.1 \n19,965.3 \n6,900.3 \n5,665.1 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \nBuilding Soc. O- 30 Day Deposits \n 222,591.8 \n222,795.8 \n264,539.8 \n242,907.0 \n264,867.2 \n244,283.7 \n197,343.9 \n253,060.8 \n264,395.8 \n234,625.6 \n262,711.8 \n233,243.8 \n212,224.9 \nBuilding Soc. Other Share Deposits \n 11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \n11,266.6 \nP O S B Time Deposits \n 10,492.4 \n10,680.2 \n8,018.0 \n10,855.2 \n11,324.0 \n12,586.1 \n10,606.9 \n11,816.7 \n12,582.4 \n14,317.8 \n14,519.3 \n12,651.5 \n13,098.6 \nM3 \n 3,838,207.3 3,854,921.7 3,796,236.7 \n3,910,659.4 \n3,951,682.9 \n3,807,110.4 \n3,932,325.1 \n3,888,645.3 \n4,021,779.6 \n4,093,939.2 \n4,230,458.6 4,325,730.4 \n4,323,565.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n12 \nTABLE 1.2 : BROAD MONEY SURVEY \n US$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \nApril \nMay \nJune \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-770,401.9 \n-822,415.5 \n-884,443.1 \n-814,488.4 \n-850,336.4 \n-1,001,798.9 \n-810,172.3 \n-846,622.1 \n-799,433.7 \n-816,838.4 \n-695,843.6 \n-585,616.7 \n-595,417.7 \n \n Assets \n994,502.1 \n967,794.1 \n931,989.0 \n1,075,508.0 \n994,326.1 \n856,654.9 \n1,042,166.0 \n1,009,920.7 \n1,032,518.9 \n1,021,388.4 \n1,063,604.4 \n1,190,209.8 \n1,126,637.1 \n \n Reserve Bank (RBZ) \n461,797.0 \n362,306.8 \n287,616.2 \n344,785.1 \n322,450.3 \n264,826.8 \n338,487.8 \n354,820.2 \n365,075.8 \n357,157.3 \n359,859.4 \n410,904.2 \n374,556.5 \n \n Deposit Money Banks (DMBs) \n488,238.1 \n536,681.8 \n567,196.5 \n663,455.7 \n600,622.7 \n531,059.0 \n643,560.1 \n610,318.8 \n619,567.7 \n585,124.3 \n628,565.0 \n700,802.8 \n685,339.5 \n \n Other Banking Institutions \n(OBIs) \\1 \n44,467.0 \n68,805.5 \n77,176.2 \n67,267.3 \n71,253.1 \n60,769.1 \n60,118.1 \n44,781.8 \n47,875.4 \n79,106.9 \n75,180.0 \n78,502.7 \n66,741.0 \n \n Liabilities \\2 \n-1,764,904.0 \n-1,790,209.6 \n-1,816,432.1 \n-1,889,996.4 \n-1,844,662.6 \n-1,858,453.8 \n-1,852,338.3 \n-1,856,542.9 \n-1,831,952.5 \n-1,838,226.8 \n-1,759,448.0 \n-1,775,826.5 \n-1,722,054.8 \n \n RBZ \n1,138,062.0 \n1,143,126.7 \n1,139,865.9 \n1,146,634.4 \n1,150,527.4 \n1,147,979.0 \n1,150,150.8 \n1,148,693.8 \n1,151,300.5 \n1,152,604.9 \n1,155,463.3 \n1,152,736.3 \n1,141,906.4 \n \n DMBs \n600,126.4 \n625,430.1 \n655,728.1 \n722,521.0 \n673,156.2 \n689,480.9 \n671,435.2 \n681,744.6 \n655,537.7 \n660,898.1 \n579,093.6 \n598,403.2 \n545,347.3 \n \n OBIs \n26,715.6 \n21,652.8 \n20,838.1 \n20,841.0 \n20,979.0 \n20,993.9 \n30,752.3 \n26,104.5 \n25,114.4 \n24,723.8 \n24,891.2 \n24,687.0 \n34,801.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \n4,608,609.2 \n4,677,337.2 \n4,680,679.8 \n4,725,147.8 \n4,802,019.3 \n4,808,909.2 \n4,742,497.4 \n4,735,267.5 \n4,821,213.2 \n4,910,777.6 \n4,926,302.1 \n4,911,347.2 \n4,918,983.6 \n \nDOMESTIC CREDIT \n3,936,046.1 \n3,966,266.5 \n3,988,814.6 \n4,006,290.9 \n4,079,215.4 \n4,091,310.4 \n4,068,697.5 \n3,954,914.2 \n4,102,727.4 \n4,180,109.0 \n4,150,137.4 \n4,138,311.2 \n4,174,067.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n206,189.6 \n232,272.7 \n234,118.0 \n228,614.8 \n299,686.0 \n331,797.8 \n357,997.4 \n327,805.9 \n415,048.8 \n490,233.2 \n476,917.3 \n468,461.4 \n498,617.0 \n \n RBZ \n-1,828.4 \n-3,487.6 \n-1,242.0 \n-1,196.6 \n-1,468.9 \n-1,188.2 \n-1,182.3 \n-1,181.7 \n-1,181.8 \n-1,179.6 \n-1,178.8 \n-1,178.9 \n-1,179.1 \n \n DMBs \n187,784.4 \n215,526.7 \n215,126.4 \n209,577.8 \n280,921.3 \n292,752.3 \n319,016.2 \n288,824.0 \n376,067.1 \n451,249.2 \n437,932.6 \n429,476.7 \n459,632.5 \n \n OBIs \n20,233.6 \n20,233.6 \n20,233.6 \n20,233.6 \n20,233.6 \n40,233.6 \n40,163.5 \n40,163.5 \n40,163.5 \n40,163.5 \n40,163.5 \n40,163.5 \n40,163.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Public Enterprises \n63,628.7 \n62,174.3 \n60,363.0 \n59,809.8 \n59,424.2 \n60,844.8 \n60,645.0 \n60,553.0 \n60,689.3 \n79,528.0 \n78,292.8 \n78,383.6 \n73,173.2 \n \n RBZ \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n \n DMBs \n63,628.7 \n62,174.3 \n60,363.0 \n59,809.8 \n59,424.2 \n60,844.8 \n60,645.0 \n60,553.0 \n60,689.3 \n79,528.0 \n78,292.8 \n78,383.6 \n73,173.2 \n \n Agri-PEs \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n \n \n Other \n63,628.7 \n62,174.3 \n60,363.0 \n59,809.8 \n59,424.2 \n60,844.8 \n60,645.0 \n60,553.0 \n60,689.3 \n79,528.0 \n78,292.8 \n78,383.6 \n73,173.2 \n \n OBIs \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Private Sector \n3,666,227.8 \n3,671,819.5 \n3,694,333.6 \n3,717,866.2 \n3,720,105.1 \n3,698,667.8 \n3,650,055.2 \n3,566,555.3 \n3,626,989.2 \n3,610,347.9 \n3,594,927.4 \n3,591,466.2 \n3,602,277.7 \n \n RBZ \n40,128.8 \n36,146.1 \n36,147.1 \n36,112.7 \n35,120.1 \n35,116.1 \n35,116.1 \n35,116.1 \n35,116.1 \n34,745.1 \n34,745.1 \n34,745.1 \n34,725.3 \n \n DMBs \n3,125,352.0 \n3,133,523.7 \n3,159,392.5 \n3,142,391.3 \n3,141,641.5 \n3,106,195.8 \n3,053,645.3 \n2,955,033.9 \n3,016,585.0 \n2,993,988.2 \n2,968,560.6 \n2,956,036.4 \n2,955,853.5 \n \n OBIs \n500,747.0 \n502,149.7 \n498,794.1 \n539,362.2 \n543,343.5 \n557,355.9 \n561,293.9 \n576,405.3 \n575,288.2 \n581,614.6 \n591,621.7 \n600,684.7 \n611,698.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n672,563.1 \n711,070.7 \n691,865.2 \n718,856.9 \n722,804.0 \n717,598.9 \n673,799.9 \n780,353.3 \n718,485.9 \n730,668.6 \n776,164.7 \n773,035.9 \n744,915.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n3,838,207.3 \n3,854,921.7 \n3,796,236.7 \n3,910,659.4 \n3,951,682.9 \n3,807,110.4 \n3,932,325.1 \n3,888,645.3 \n4,021,779.6 \n4,093,939.2 \n4,230,458.5 \n4,325,730.5 \n4,323,565.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n13 \n1. Finance houses, building societies and P. O. S. B. \n2. Sign reversal. \n3. Net Domestic Assets consist of domestic credit and other items net. \nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3) \n US$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \nApril \nMay \nJune \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-281,785.6 \n-52,013.6 \n-62,027.6 \n69,954.8 \n-35,848.0 \n-151,462.4 \n191,626.5 \n-36,449.8 \n47,188.5 \n-17,404.7 \n120,994.8 \n110,226.8 \n-9,801.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Assets \n-71,188.1 \n-26,708.0 \n-35,805.2 \n143,519.1 \n-81,181.9 \n-137,671.2 \n185,511.0 \n-32,245.2 \n22,598.1 \n-11,130.5 \n42,216.0 \n126,605.3 \n-63,572.7 \n Reserve Bank (RBZ) \n-9,867.8 \n-99,490.2 \n-74,690.6 \n57,168.9 \n-22,334.8 \n-57,623.5 \n73,661.0 \n16,332.4 \n10,255.6 \n-7,918.6 \n2,702.2 \n51,044.8 \n-36,347.7 \n Deposit Money Banks (DMBs) \n-59,318.9 \n48,443.7 \n30,514.8 \n96,259.1 \n-62,833.0 \n-69,563.6 \n112,501.1 \n-33,241.3 \n9,248.9 \n-34,443.4 \n43,440.8 \n72,237.8 \n-15,463.3 \n Other Banking Institutions (OBIs) \\1 \n-2,001.4 \n24,338.5 \n8,370.6 \n-9,908.9 \n3,985.9 \n-10,484.1 \n-651.0 \n-15,336.3 \n3,093.6 \n31,231.5 \n-3,926.9 \n3,322.7 \n-11,761.7 \n Liabilities \\2 \n-210,597.5 \n-25,305.6 \n-26,222.5 \n-73,564.3 \n45,333.9 \n-13,791.2 \n6,115.5 \n-4,204.6 \n24,590.3 \n-6,274.3 \n78,778.8 \n-16,378.5 \n53,771.7 \n RBZ \n3,956.5 \n5,064.8 \n-3,260.9 \n6,768.6 \n3,892.9 \n-2,548.3 \n2,171.8 \n-1,457.0 \n2,606.7 \n1,304.4 \n2,858.4 \n-2,727.0 \n-10,829.9 \n DMBs \n206,550.6 \n25,303.6 \n30,298.0 \n66,792.9 \n-49,364.8 \n16,324.7 \n-18,045.7 \n10,309.4 \n-26,206.9 \n5,360.4 \n-81,804.5 \n19,309.6 \n-53,055.9 \n OBIs \n90.4 \n-5,062.8 \n-814.7 \n2.9 \n138.0 \n14.9 \n9,758.4 \n-4,647.8 \n-990.1 \n-390.5 \n167.4 \n-204.2 \n10,114.1 \nNET DOMESTIC ASSETS \\3 \n101,851.2 \n68,728.0 \n3,342.6 \n44,468.0 \n76,871.5 \n6,889.9 \n-66,441.8 \n-7,230.0 \n85,945.8 \n89,564.4 \n15,524.5 \n-14,954.9 \n7,636.5 \nDOMESTIC CREDIT \n65,033.1 \n30,220.4 \n22,548.1 \n17,476.3 \n72,924.5 \n12,095.0 \n-22,612.8 \n-113,783.4 \n147,813.2 \n77,381.6 \n-29,971.6 \n-11,826.2 \n35,756.7 \n Claims on Government (net) \n-6,032.3 \n26,083.2 \n1,845.2 \n-5,503.1 \n71,071.2 \n32,111.8 \n26,199.6 \n-30,191.5 \n87,242.9 \n75,184.3 \n-13,315.9 \n-8,455.9 \n30,155.7 \n RBZ \n-648.7 \n-1,659.1 \n2,245.5 \n45.4 \n-272.3 \n280.7 \n5.8 \n0.7 \n-0.1 \n2.2 \n0.8 \n0.0 \n-0.2 \n DMBs \n-5,095.8 \n27,742.3 \n-400.3 \n-5,548.6 \n71,343.5 \n11,831.0 \n26,263.8 \n-30,192.1 \n87,243.1 \n75,182.1 \n-13,316.6 \n-8,455.9 \n30,155.8 \n OBIs \n-287.8 \n0.0 \n0.0 \n0.0 \n0.0 \n20,000.0 \n-70.1 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n Claims on Public Enterpris \n23.8 \n-1,454.4 \n-1,811.3 \n-553.2 \n-385.6 \n1,420.6 \n-199.9 \n-91.9 \n136.3 \n18,838.6 \n-1,235.2 \n90.9 \n-5,210.4 \n RBZ \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n DMBs \n23.8 \n-1,454.4 \n-1,811.3 \n-553.2 \n-385.6 \n1,420.6 \n-199.9 \n-91.9 \n136.3 \n18,838.6 \n-1,235.2 \n90.9 \n-5,210.4 \n Agri-PEs \n-5,259.3 \n-5,260.3 \n-5,261.3 \n-5,262.3 \n-5,263.3 \n-5,003.2 \n-5,004.2 \n-5,005.2 \n-5,006.2 \n-5,007.2 \n-5,008.2 \n-6,898.8 \n-6,908.9 \n Other \n5,283.1 \n3,805.9 \n3,450.0 \n4,709.1 \n4,877.7 \n6,423.8 \n4,804.3 \n4,913.3 \n5,142.5 \n23,845.8 \n3,773.0 \n6,989.7 \n1,698.5 \n OBIs \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n Claims on Private Sector \n71,041.6 \n5,591.7 \n22,514.2 \n23,532.6 \n2,238.9 \n-21,437.3 \n-48,612.5 \n-83,500.0 \n60,434.0 \n-16,641.3 \n-15,420.5 \n-3,461.1 \n10,811.4 \n RBZ \n0.0 \n-3,982.7 \n1.0 \n-34.4 \n-992.6 \n-4.0 \n0.0 \n0.0 \n0.0 \n-371.0 \n0.0 \n0.0 \n-19.8 \n DMBs \n61,670.4 \n8,171.7 \n25,868.8 \n-17,001.2 \n-749.8 \n-35,445.7 \n-52,550.5 \n-98,611.4 \n61,551.1 \n-22,596.8 \n-25,427.6 \n-12,524.1 \n-182.9 \n OBIs \n9,371.2 \n1,402.7 \n-3,355.6 \n40,568.2 \n3,981.3 \n14,012.4 \n3,938.0 \n15,111.4 \n-1,117.1 \n6,326.4 \n10,007.1 \n9,063.0 \n11,014.2 \nOTHER ITEMS (NET) \n36,818.1 \n38,507.5 \n-19,205.5 \n26,991.7 \n3,947.0 \n-5,205.1 \n-43,799.0 \n106,553.4 \n-61,867.4 \n12,182.7 \n45,496.1 \n-3,128.7 \n-28,120.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n-179,934.2 \n16,714.4 \n-58,685.0 \n114,422.8 \n41,023.5 \n-144,572.5 \n125,214.7 \n-43,679.7 \n133,134.2 \n72,159.7 \n136,519.3 \n95,271.9 \n-2,164.5 \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n-4.5% \n0.4% \n-1.5% \n3.0% \n1.0% \n-3.7% \n3.3% \n-1.1% \n3.4% \n1.8% \n3.3% \n2.3% \n-0.1% \n Domestic Credit \n1.7% \n0.8% \n0.6% \n0.4% \n1.8% \n0.3% \n-0.6% \n-2.8% \n3.7% \n1.9% \n-0.7% \n-0.3% \n0.9% \n Claims on Private Sector \n2.0% \n0.2% \n0.6% \n0.6% \n0.1% \n-0.6% \n-1.3% \n-2.3% \n1.7% \n-0.5% \n-0.4% \n-0.1% \n0.3% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n14 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \nApril \nMay \nJune \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-395,149.4 \n-456,065.7 \n-425,304.4 \n-366,815.7 \n-432,496.1 \n-660,899.2 \n-374,643.5 \n-360,978.8 \n-320,764.6 \n-189,743.9 \n-218,632.9 \n-97,000.4 \n174,984.2 \n Assets \n-13,526.8 \n-43,201.5 \n13,716.9 \n123,202.2 \n29,959.1 \n-206,756.1 \n-47,642.5 \n15,108.1 \n43,943.2 \n153,988.8 \n80,414.9 \n124,519.6 \n132,134.9 \n Reserve Bank (RBZ) \n22,548.6 \n-81,223.8 \n-105,297.0 \n-86,234.8 \n-80,364.6 \n-121,084.8 \n-109,501.0 \n-99,525.9 \n-56,803.4 \n-9,935.5 \n-52,295.6 \n-60,760.6 \n-87,240.5 \n Deposit Money Banks (DMBs) \n-59,281.2 \n-6,421.5 \n69,476.4 \n172,539.7 \n73,331.5 \n-104,318.2 \n44,285.5 \n103,167.4 \n90,271.2 \n115,289.4 \n91,118.6 \n153,245.8 \n197,101.5 \n Other Banking Institutions (OBIs) \\1 \n23,205.8 \n44,443.8 \n49,537.5 \n36,897.4 \n36,992.2 \n18,646.9 \n17,573.0 \n11,466.5 \n10,475.5 \n48,635.0 \n41,591.9 \n32,034.3 \n22,274.0 \n Liabilities \\2 \n-381,622.6 \n-412,864.3 \n-439,021.3 \n-490,017.9 \n-462,455.2 \n-454,143.1 \n-327,001.0 \n-376,086.8 \n-364,707.8 \n-343,732.7 \n-299,047.9 \n-221,520.0 \n42,849.2 \n RBZ \n-7,088.6 \n804.6 \n-4,310.9 \n-3,016.5 \n3,294.4 \n659.3 \n989.6 \n-329.7 \n9,677.0 \n17,531.5 \n14,941.5 \n18,630.8 \n3,844.4 \n DMBs \n383,811.9 \n408,225.7 \n439,507.9 \n489,247.4 \n462,114.0 \n456,163.5 \n319,316.8 \n370,530.4 \n352,061.6 \n323,807.0 \n285,699.2 \n204,827.4 \n-54,779.1 \n OBIs \n4,899.3 \n3,834.0 \n3,824.3 \n3,786.9 \n-2,953.2 \n-2,679.8 \n6,694.5 \n5,886.1 \n2,969.2 \n2,394.3 \n-1,592.9 \n-1,938.2 \n8,085.5 \nNET DOMESTIC ASSETS \\3 \n643,086.0 \n613,427.0 \n632,242.7 \n549,291.7 \n570,215.1 \n643,352.8 \n420,296.5 \n441,228.7 \n528,927.2 \n485,159.0 \n482,349.0 \n404,589.2 \n310,374.5 \nDOMESTIC CREDIT \n708,713.7 \n603,624.8 \n592,398.4 \n536,322.4 \n576,565.6 \n470,358.2 \n280,229.0 \n176,946.2 \n320,970.8 \n334,998.9 \n341,752.2 \n267,298.2 \n238,021.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n123,996.4 \n152,935.2 \n160,962.3 \n155,400.1 \n219,466.4 \n251,087.3 \n181,938.9 \n160,963.6 \n261,884.9 \n319,595.1 \n296,909.4 \n256,239.5 \n292,427.5 \n DMBs \n103,688.6 \n134,666.5 \n140,468.3 \n134,848.5 \n190,590.5 \n202,240.7 \n9,915.4 \n120,989.5 \n221,944.4 \n299,706.3 \n277,394.1 \n236,596.5 \n271,848.2 \n OBIs \n20,030.1 \n20,233.6 \n20,233.6 \n20,233.6 \n19,000.0 \n39,000.0 \n38,929.9 \n39,929.9 \n39,929.9 \n19,888.8 \n19,513.3 \n19,642.1 \n19,929.9 \n Claims on Public Enterprises \n14,317.4 \n12,558.6 \n11,073.2 \n13,749.2 \n9,782.8 \n9,380.3 \n8,928.1 \n8,291.9 \n6,980.8 \n25,436.5 \n19,319.1 \n14,778.7 \n9,544.5 \n RBZ \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n DMBs \n14,317.4 \n12,558.6 \n11,073.2 \n13,749.2 \n9,782.8 \n9,380.3 \n8,928.1 \n8,291.9 \n6,980.8 \n25,436.5 \n19,319.1 \n14,778.7 \n9,544.5 \n Agri-PEs \n-1.0 \n-4,771.8 \n-4,772.8 \n-4,773.8 \n-4,774.8 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n-5,259.3 \n-5,260.3 \n Other \n14,318.4 \n17,330.4 \n15,846.0 \n18,523.0 \n14,557.6 \n9,380.3 \n8,928.1 \n8,291.9 \n6,980.8 \n25,436.5 \n19,319.1 \n20,038.0 \n14,804.8 \n OBIs \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n Claims on Private Sector \n570,399.9 \n438,131.0 \n420,363.0 \n367,173.2 \n347,316.4 \n209,890.6 \n89,362.0 \n7,690.8 \n52,105.1 \n-10,032.7 \n25,523.6 \n-3,720.0 \n-63,950.1 \n RBZ \n-3,630.4 \n-2,646.2 \n-5,176.5 \n-6,435.5 \n-7,002.0 \n-6,405.5 \n-5,520.2 \n-5,898.0 \n-5,899.0 \n-6,269.0 \n-6,269.0 \n-5,383.7 \n-5,403.6 \n DMBs \n461,613.7 \n336,118.8 \n335,446.9 \n244,506.0 \n250,995.0 \n109,936.4 \n-11,508.5 \n-102,287.3 \n-48,548.7 \n-117,960.6 \n-90,130.3 \n-107,645.2 \n-169,498.5 \n OBIs \n112,416.6 \n104,658.3 \n90,092.6 \n129,102.7 \n103,323.4 \n106,359.7 \n106,390.7 \n115,876.1 \n106,552.9 \n114,196.9 \n121,923.0 \n109,308.9 \n110,951.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n-65,627.7 \n9,802.2 \n39,844.3 \n12,969.3 \n-6,350.4 \n172,994.5 \n140,067.4 \n264,282.5 \n207,956.4 \n150,160.1 \n140,596.8 \n137,290.9 \n72,352.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n247,936.6 \n157,361.3 \n206,938.3 \n182,476.0 \n137,719.1 \n-17,546.4 \n45,653.0 \n80,250.0 \n208,162.6 \n295,415.1 \n263,716.0 \n307,589.0 \n485,358.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n6.9% \n4.3% \n5.8% \n4.9% \n3.6% \n-0.5% \n1.2% \n2.1% \n5.5% \n7.8% \n6.6% \n7.7% \n12.6% \n Domestic Credit \n22.0% \n18.0% \n17.4% \n15.5% \n16.5% \n13.0% \n7.4% \n4.7% \n8.5% \n8.7% \n9.0% \n6.9% \n6.0% \n Claims on Private Sector \n18.4% \n13.5% \n12.8% \n11.0% \n10.3% \n6.0% \n2.5% \n0.2% \n1.5% \n-0.3% \n0.7% \n-0.1% \n-1.7% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3) \n \n \n \n \nUS$ Thousands \n \n \n \n15 \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \nAPRIL \n455,178.9 \n43,628.2 \n23,433.4 \n428,381.7 \n14,997.8 \n35,589.1 \n444,798.7 \n135,046.2 \n288,857.6 \n45,643.6 \n377,037.0 \n7,693.7 \n2,300,585.8 \nMAY \n484,635.0 \n38,637.2 \n27,795.2 \n455,737.9 \n14,699.1 \n35,106.1 \n465,890.2 \n115,457.8 \n301,547.9 \n52,075.2 \n382,172.8 \n5,034.0 \n2,378,788.7 \nJUNE \n489,730.1 \n37,474.3 \n38,198.7 \n425,521.3 \n7,310.7 \n53,815.0 \n454,368.5 \n110,349.9 \n295,432.3 \n51,453.6 \n385,769.7 \n11,033.4 \n2,360,457.5 \nJULY \n483,103.7 \n40,342.5 \n33,494.3 \n464,921.7 \n6,869.2 \n38,522.6 \n541,025.9 \n116,557.1 \n307,117.5 \n48,218.0 \n426,582.7 \n4,455.3 \n2,511,210.5 \nAUGUST \n521,743.0 \n38,889.1 \n43,894.5 \n425,531.4 \n7,260.6 \n39.087.2 \n451,871.2 \n110,041.8 \n346,006.0 \n40,216.0 \n374,587.1 \n9,914.6 \n2,409,042.5 \nSEPTEMBER \n496,289.3 \n39,446.9 \n38,856.6 \n447,247.2 \n13,953.5 \n43,006.7 \n437,211.9 \n118,873.7 \n330,709.6 \n40,046.6 \n373,596.8 \n9,790.6 \n2,389,029.4 \nOCTOBER \n491,610.6 \n38,871.5 \n39,766.0 \n471,966.2 \n8,023.3 \n40,835.3 \n420,445.3 \n110,778.3 \n417,411.6 \n36,334.1 \n376,463.1 \n9,861.9 \n2,462,367.3 \nNOVEMBER \n487,289.4 \n40,321.7 \n42,332.0 \n488,637.3 \n3,116.5 \n36,852.0 \n417,162.5 \n117,050.8 \n389,727.1 \n39,126.4 \n369,190.3 \n17,960.5 \n2,448,766.4 \nDECEMBER \n533,165.2 \n42,285.1 \n17,617.9 \n435,613.1 \n5,047.0 \n62,165.8 \n389,181.2 \n115,404.6 \n379,809.3 \n37,409.1 \n369,838.8 \n18,252.9 \n2,405,790.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n489,585.3 \n43,743.8 \n18,574.7 \n464,097.6 \n5,467.4 \n48,086.1 \n362,554.0 \n116,635.5 \n412,901.1 \n37,722.2 \n367,126.2 \n16,773.1 \n2,383,267.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \n519,154.6 \n38,918.1 \n24,765.4 \n460,528.2 \n10,397.3 \n47,488.6 \n385,038.1 \n116,670.5 \n401,619.6 \n32,978.1 \n396,800.8 \n8,542.7 \n2,442,902.1 \nMARCH \n503,868.1 \n42,707.9 \n35,785.1 \n494,663.8 \n5,257.4 \n52,722.0 \n374,809.1 \n116,653.0 \n396,000.6 \n38,089.3 \n406,503.1 \n15,833.1 \n2,482,892.7 \nAPRIL \n540,156.2 \n40,707.1 \n18,138.9 \n502,514.1 \n9,898.6 \n18,817.9 \n407,595.0 \n175,048.3 \n447,549.2 \n49,619.1 \n511,048.2 \n15,136.7 \n2,736,229.2 \nMAY \n546,733.9 \n41,594.2 \n21,547.9 \n488,389.7 \n10,073.8 \n23,049.1 \n396,846.0 \n184,730.9 \n452.373.8 \n51,891.8 \n512,864.5 \n17,718.8 \n2,747,814.6 \nJUNE \n536,188.9 \n46,085.8 \n28,201.0 \n500,266.1 \n10,656.3 \n25,616.2 \n417,002.7 \n197,441.1 \n432,692.4 \n46,751.6 \n499,191.5 \n17,173.9 \n2,757,267.4 \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION DISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT INDIVIDUALS CONGLOM-\nERATES \nTOTAL \nEND OF \n \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n69,856.5 \n16,673.4 \n60,104.1 \n16,684.4 \n58,510.5 \n72,517.4 \n97,158.1 \n88,814.4 \n14,831.7 \n173,486.3 \n17,657.4 \n686,294.1 \nAPRIL \n63,793.8 \n17,080.4 \n63,074.6 \n20,726.0 \n58,308.4 \n70,475.5 \n89,412.8 \n87,962.4 \n15,412.2 \n174,072.5 \n18,871.2 \n680,189.8 \nMAY \n67,425.0 \n17,232.4 \n66,358.3 \n21,534.7 \n59,449.7 \n72,998.8 \n89,738.5 \n84,961.5 \n15,028.8 \n189,089.0 \n18,888.7 \n702,705.4 \nJUNE \n68,762.1 \n16,928.9 \n64,967.8 \n11,199.2 \n57,389.1 \n72,983.6 \n94,193.4 \n98,762.3 \n13,866.1 \n176,186.3 \n18,800.0 \n694,038.7 \nJULY \n66,851.1 \n15,061.8 \n64,398.0 \n11,134.2 \n34,750.7 \n77,551.0 \n100,908.8 \n109,118.2 \n14,701.2 \n162,459.7 \n15,995.4 \n672,930.0 \nAUGUST \n67,246.9 \n15,177.5 \n68,887.7 \n11,071.0 \n34,241.2 \n77,411.5 \n122,491.8 \n120,661.7 \n13,212.7 \n137,335.6 \n15,655.4 \n683,393.0 \nSEPTEMBER \n69,700.0 \n15,202.1 \n67,723.0 \n10,981.1 \n34,026.9 \n77,338.7 \n103,272.3 \n106,398.8 \n16,871.0 \n173,866.8 \n15,558.8 \n690,939.6 \nOCTOBER \n72,224.8 \n17,189.6 \n64,266.5 \n11,000.2 \n34,072.5 \n67,425.8 \n95,019.2 \n125,049.4 \n15,931.7 \n172,834.8 \n17,401.5 \n692,416.0 \nNOVEMBER \n68,628.1 \n15,194.8 \n61,488.3 \n11,456.3 \n33,491.0 \n71,854.0 \n101,230.0 \n129,298.4 \n41,690.2 \n133,954.5 \n11,348.1 \n683,329.3 \nDECEMBER \n67,626.4 \n9,691.4 \n50,354.1 \n11,629.3 \n29,200.1 \n70,093.2 \n101,301.5 \n100,507.4 \n15,301.2 \n174,918.3 \n14,748.0 \n645,370.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n24,456.9 \n6,122.0 \n33,734.0 \n9,856.2 \n23,491.2 \n42,349.6 \n55,948.1 \n35,302.4 \n15,083.5 \n153,861.9 \n1.893.8 \n402,099.6 \nFEBRUARY \n28,842.8 \n5,882.2 \n32,873.4 \n9,361.7 \n22,320.3 \n44,904.2 \n55,857.3 \n33,373.4 \n11,068.1 \n182,690.8 \n0.0 \n427,174.2 \nMARCH \n29,771.6 \n4,151.1 \n29,125.9 \n6,053.4 \n14,432.5 \n44,390.0 \n65,187.3 \n67,751.5 \n15,035.0 \n124,621.1 \n2,755.1 \n403,274.5 \nAPRIL \n2,263.5 \n4,439.5 \n16,779.5 \n9,040.6 \n21,554.7 \n4,641.1 \n11,484.2 \n2,329.6 \n136.4 \n1,944.8 \n0.0 \n76,229.1 \nMAY \n2,299.4 \n4,640.4 \n17,050.1 \n9,182.5 \n21,892.8 \n4,570.4 \n11,663.7 \n2,338.4 \n7.4 \n1,979.9 \n0.0 \n77,222.0 \nJUNE \n2,161.8 \n4,353.6 \n11,794.5 \n8,937.6 \n21,309.1 \n2,709.7 \n11,296.9 \n2,272.5 \n7.3 \n1,897.9 \n0.0 \n67,117.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \nAPRIL \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,620.0 \n14,889.0 \n278.0 \n0.0 \n15,200.0 \n0.0 \n43,087.0 \nMAY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,500.0 \n6,330.8 \n2,109.4 \n0.0 \n1,000.0 \n0.0 \n22,040.2 \nJUNE \n5,100.0 \n0.0 \n0.0 \n0.0 \n5,760.0 \n0.0 \n212.0 \n0.0 \n15,210.0 \n0.0 \n26,282.0 \nJULY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,000.0 \n0.0 \n212.0 \n0.0 \n15,110.0 \n0.0 \n27,422.0 \nAUGUST \n5,100.0 \n0.0 \n0.0 \n0.0 \n6,000.0 \n0.0 \n1,065.0 \n0.0 \n0.0 \n0.0 \n12,165.0 \nSEPTEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n5,800.0 \n0.0 \n165.0 \n0.0 \n900.0 \n0.0 \n11,865.0 \nOCTOBER \n0.0 \n0.0 \n0.0 \n0.0 \n5,150.0 \n0.0 \n5,135.0 \n0.0 \n0.0 \n0.0 \n10,285.0 \nNOVEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n0.0 \n2,035.0 \n0.0 \n0.0 \n0.0 \n27,595.6 \nDECEMBER \n4,745.3 \n0.0 \n0.0 \n0.0 \n6,750.6 \n12,304.4 \n1,992.3 \n0.0 \n0.0 \n0.0 \n25,792.6 \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n19,047.7 \n826.0 \n0.0 \n0.0 \n3,000.0 \n12,673.6 \n359,6 \n0.0 \n1,809.9 \n0.0 \n37,357.2 \nFEBRUARY \n5,000.0 \n0.0 \n0.0 \n0.0 \n1,107.5 \n12,573.7 \n373.2 \n0.0 \n3,445.9 \n0.0 \n22,500.3 \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n5,000.0 \n8.7 \n0.0 \n0.0 \n2,352.5 \n0.0 \n153.3 \n0.0 \n4,472.0 \n0.0 \n11,986.5 \n18 \n TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \nAPRIL \n98,671.0 \n49,093.8 \n152,390.8 \n350,269.2 \n166,578.5 \n545,118.2 \n311,310.8 \n105,766.9 \n638,341.8 \n39,837.1 \n533,691.3 \n99,053.9 \n3,090,123.4 \nMAY \n114,053.3 \n55,427.4 \n142,023.3 \n389,384.7 \n255,352.1 \n484,429.7 \n318,129.4 \n92,777.2 \n700,668.7 \n46,593.8 \n578,509.2 \n32,297.7 \n3,209,646.5 \nJUNE \n116,635.2 \n58,578.8 \n147,313.8 \n447,394.5 \n183,146.3 \n352,600.3 \n366,824.2 \n96,685.8 \n701,195.7 \n46,578.5 \n597,373.1 \n104,843.6 \n3,219,169.8 \nJULY \n108,086.6 \n46,449.5 \n120,982.3 \n380,448.8 \n178,341.4 \n677,700.7 \n301,575.9 \n97,583.8 \n710,856.1 \n39,395.9 \n487,954.4 \n102,531.4 \n3,251,906.9 \nAUGUST \n137,107.1 \n48,726.1 \n135,788.5 \n319,106.0 \n174,593.9 \n637,190.7 \n333,255.3 \n99,194.1 \n639,401.6 \n41,996.5 \n417,762.6 \n93,772.1 \n3,077,894.4 \nSEPTEMBER \n100,028.3 \n57,039.8 \n145,652.5 \n380,781.4 \n207,379.2 \n612,131.5 \n408,359.1 \n103,872.8 \n795,047.6 \n46,982.9 \n435,912.4 \n90,265.8 \n3,383,453.4 \nOCTOBER \n94,346.3 \n52,722.4 \n141,401.4 \n338,625.9 \n223,223.8 \n754,145.4 \n339,305.6 \n99,583.3 \n754,116.1 \n41,527.2 \n440,197.9 \n97,771.1 \n3,376,966.4 \nNOVEMBER \n114,178.7 \n47,740.9 \n128,399.3 \n312,639.2 \n241,628.8 \n741,885.4 \n283,426.0 \n80,507.6 \n727,492.5 \n42,901.0 \n458,479.9 \n89,292.5 \n3,268,571.8 \nDECEMBER \n113,914.2 \n51,981.7 \n142,938.1 \n342,785.1 \n213,125.2 \n755,299.4 \n327,658.1 \n83,103.1 \n762,884.4 \n41,827.9 \n432,436.3 \n61,038.7 \n3,328,992.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n130,154.6 \n53,292.9 \n146,876.1 \n353,793.8 \n259,569.6 \n731,703.3 \n304,033.2 \n93,776.7 \n770,435.4 \n40,085.9 \n485,573.1 \n60,897.7 \n3,430,192.5 \nFEBRUARY \n138,812.3 \n55,092.2 \n134,813.9 \n420,181.0 \n262,183.8 \n786,295.6 \n270,062.5 \n131,134.8 \n779,640.3 \n39,169.2 \n508,813.7 \n61,822.3 \n3,588,021.6 \nMARCH \n118,239.1 \n55,167.5 \n135,807.9 \n382,675.5 \n216,025.3 \n791,776.0 \n275,549.1 \n103,298.7 \n806,185.9 \n42,432.8 \n521,381.5 \n72,990.9 \n3,521,530.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n164,347.5 \n59,289.3 \n102,323.7 \n408,823.5 \n325,559.7 \n780,207.0 \n325,659.8 \n135,187.4 \n888,876.2 \n43,746.5 \n582,848.8 \n82,009.8 \n3,898,879.1 \nMAY \n149,474.1 \n60,669.4 \n108,977.6 \n355,802.3 \n332,850.8 \n800,256.8 \n303,599.4 \n132,132.8 \n1,027,552.7 \n38,921.0 \n581,930.2 \n93,334.9 \n3,985,501.8 \nJUNE \n194,685.1 \n64,188.9 \n95,595.6 \n470,267.7 \n291,594.6 \n812,999.7 \n348,303.5 \n130,453.4 \n895,698.0 \n44,735.5 \n575,149.1 \n91,392.4 \n4,015,063.5 \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \nAPRIL \n31,659.0 \n5,702.7 \n18,835.7 \n1,538.1 \n177,040.5 \n97,838.1 \n22,611.8 \n28,606.2 \n187,727.7 \n3,883.5 \n139,589.7 \n31,245.5 \n746,278.5 \nMAY \n17,827.5 \n5,756.6 \n18,786.2 \n1,258.9 \n187,857.9 \n99,688.5 \n19,315.6 \n44,794.2 \n197,568.8 \n3,436.3 \n132,325.5 \n31,463.1 \n760,079.2 \nJUNE \n4,255.3 \n6,236.6 \n10,753.7 \n1,131.2 \n156,052.6 \n105,613.0 \n18,935.8 \n59,790.7 \n184,390.9 \n3,652.3 \n107,354.6 \n30,017.1 \n688,183.8 \nJULY \n6,597.9 \n9,544.9 \n22,034.9 \n17,579.6 \n155,178.3 \n101,057.7 \n5,786.5 \n25,167.1 \n139,688.0 \n2,369.4 \n102,677.4 \n25,029.7 \n612,711.4 \nAUGUST \n1,770.3 \n9,723.1 \n17,643.5 \n1,553.8 \n150,874.9 \n71,592.0 \n19,054.2 \n10,779.0 \n169,881.2 \n2,644.4 \n113,074.5 \n29,546.0 \n598,137.0 \nSEPTEMBER \n40,766.9 \n9,757.2 \n17,595.4 \n10,209.6 \n157,646.1 \n87,504.2 \n20,864.5 \n12,486.3 \n173,696.6 \n1,527.2 \n125,919.4 \n29,482.7 \n687,456.0 \nOCTOBER \n43,179.4 \n7,366.8 \n2,258.4 \n11,060.8 \n118,559.1 \n159,315.4 \n45,674.2 \n11,973.6 \n164,560.7 \n744.6 \n98,580.9 \n29,513.7 \n692,787.6 \nNOVEMBER \n24,169.8 \n8,708.3 \n2,551.4 \n12,523.2 \n165,553.2 \n155,945.5 \n43,847.5 \n13,222.0 \n132,189.4 \n552.7 \n138,372.4 \n29,491.4 \n727,126.8 \nDECEMBER \n8,574.8 \n9,071.2 \n2,371.6 \n8,068.6 \n169,324.2 \n150,460.6 \n39,469.1 \n90,808.8 \n155,859.5 \n944.4 \n104,850.7 \n29,324.4 \n769,127.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,879.0 \n8,509.2 \n1,960.3 \n9,793.9 \n125,257.8 \n76,835.2 \n39,381.2 \n27,399.4 \n62,806.6 \n1,704.9 \n63,106.3 \n3,976.3 \n436,610.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nFEBRUARY \n14,501.9 \n7,870.0 \n1,650.8 \n11,407.6 \n119,069.4 \n60,798.1 \n39,576.4 \n31,886.5 \n57,670.9 \n894..0 \n93,028.3 \n3,768.6 \n441,228.5 \n MARCH \n2,196.7 \n147.0 \n4.5 \n4,096.0 \n50,608.6 \n36,216.9 \n19,461.2 \n646.7 \n128,089.0 \n3,104.7 \n284,086.9 \n5,062.7 \n533,720.9 \nAPRIL \n4.1 \n0.0 \n0.0 \n0.0 \n40,152.1 \n6.2 \n12,546.2 \n2.8 \n38,392.5 \n0.0 \n14,594.4 \n5,101.6 \n110,799.9 \nMAY \n4.1 \n0.0 \n0.0 \n0.0 \n39,314.7 \n6.2 \n12,000.6 \n2.8 \n37,019.9 \n0.0 \n14,000.5 \n4,933.9 \n107,282.7 \nJUNE \n0.0 \n0.0 \n0.0 \n0.0 \n18,089.9 \n0.0 \n11,788.0 \n0.0 \n29,651.4 \n0.0 \n12,829.4 \n3,623.3 \n75,981.9 \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL \nARREARS) (WITH RBZ) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n1999 \n2000 \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n2012 \n2013 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,530 \n3,227 \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4,951 \n5,175 \n6,096 \n6,607 \n7,370 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,461 \n2,249 \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4,037 \n4,095 \n4,638 \n4,929 \n5,012 \nBilateral Creditors \n935 \n1,050 \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2,308 \n2,325 \n2,597 \n2,694 \n2,928 \nMultilateral Creditors \n1,235 \n1,199 \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1,729 \n1,770 \n2,041 \n2,235 \n2,084 \nPrivate Creditors \n291 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n0 \n0 \nPublic Enterprises \n543 \n534 \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,092 \n1,198 \n1,356 \nBilateral Creditors \n316 \n301 \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n711 \n703 \n858 \nMultilateral Creditors \n224 \n233 \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n382 \n495 \n498 \nPrivate Creditors \n3 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \nMonetary Authorities \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nMultilateral Creditors - IMF \n364 \n292 \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n125 \n125 \nPrivate \n162 \n152 \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n366 \n480 \n1,002 \nShort-Term External Debt \n532 \n298 \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1,198 \n1,382 \n1,289 \n890 \n1,564 \nSupplier's Credits \n150 \n42 \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n134 \n30 \n0 \nReserve Bank \n \n \n \n \n \n \n \n \n \n \n642 \n642 \n618 \n614 \n614 \nPrivate \n382 \n256 \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n537 \n246 \n950 \nTotal External Debt \n4,062 \n3,525 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6,289 \n6,695 \n7,385 \n7,497 \n8,934 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n5,990 \n6,107 \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6,133 \n7,433 \n8,865 \n8,865 \n12,973 \nExternal Debt / GDP \n68% \n57.7% 31.4% 52.3% 75.7% 94.7% 136.3% \n63.9% \n110.5% 147.7% 102.5% \n90.1% \n83.3% \n84.6% 68.9% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of \nFinance and Reserve Bank \nof Zimbabwe \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \nMay \n9.00-35.00 \n14.25 \n9.89 \n13.00-23.00 \n17.66 \n17.02 \nJun \n9.00-35.00 \n14.29 \n9.46 \n15.00-22.50 \n17.78 \n16.89 \nJul \n6.00-35.00 \n14.39 \n9.65 \n15.00-28.00 \n17.70 \n16.97 \nAug \n6.00-35.00 \n13.82 \n9.32 \n15.00-23.00 \n18.32 \n16.92 \nSep \n6.00-35.00 \n14.03 \n9.37 \n15.00-22.50 \n18.31 \n16.94 \nOct \n6.00-35.00 \n13.95 \n9.25 \n15.00-23.00 \n18.67 \n17.66 \nNov \n6.00-35.00 \n14.18 \n9.40 \n15.00-23.00 \n18.84 \n17.72 \nDec \n6.00-35.00 \n14.13 \n9.35 \n15.00-23.00 \n18.84 \n17.76 \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n6.00-35.00 \n14.09 \n9.30 \n15.00-23.00 \n18.88 \n17.74 \nFeb \n6.00-35.00 \n14.08 \n9.32 \n15.00-23.00 \n18.88 \n17.73 \nMar \n6.00-35.00 \n14.24 \n9.27 \n15.00-23.00 \n18.88 \n17.73 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n3. Lending rates exclude rates on staff loans. \n \n \nApr \n6.00-35.00 \n14.22 \n9.12 \n15.00-23.00 \n18.88 \n17.73 \nMay \n6.00-35.00 \n14.39 \n9.25 \n15.00-23.00 \n18.87 \n17.74 \nJune \n6.00-35.00 \n14.44 \n9.33 \n15.00-23.00 \n19.00 \n18.00 \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nMAY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJUNE \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJULY \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nAUGUST \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nOCTOBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nNOVEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nDECEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n2014 \n \n \n \nJANUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nFEBRUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nMARCH \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nAPRIL \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates qouted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \nMAY \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nJUNE \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \n23 \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE \nHEALTH TRANSPORT \nCOMMUNI-\nCATION \nRECREATION & EDUCATION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n2013 \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \nOCTOBER \n1.21 \n0.00 \n-0.01 \n-0.36 \n0.06 \n-0.32 \n-0.07 \n-0.15 \n0.02 \n-0.08 \n-0.20 \n-0.04 \n0.04 \n-0.01 \nNOVEMBER \n0.38 \n-0.19 \n-0.01 \n-0.37 \n0.10 \n-0.13 \n-0.01 \n-0.13 \n5.57 \n1.08 \n-0.27 \n0.43 \n-0.60 \n0.09 \nDECEMBER \n0.14 \n-0.01 \n0.37 \n-0.29 \n0.12 \n0.27 \n0.05 \n-0.22 \n0.00 \n0.00 \n-0.46 \n0.08 \n-0.41 \n-0.08 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n0.20 \n-0.07 \n0.00 \n0.01 \n-0.23 \n0.01 \n0.00 \n-0.07 \n0.02 \n0.16 \n-0.09 \n0.00 \n0.44 \n0.14 \nFEBRUARY \n-0.01 \n-0.09 \n-0.11 \n-0.08 \n0.09 \n0.08 \n0.00 \n-0.04 \n0.23 \n-0.08 \n0.07 \n-0.01 \n0.18 \n0.05 \nMARCH \n-0.05 \n-0.06 \n-0.82 \n-0.12 \n0.02 \n0.00 \n0.01 \n0.00 \n0.00 \n0.01 \n-0.30 \n-0.26 \n-0.14 \n-0.22 \nAPRIL \n0.30 \n-0.10 \n-0.13 \n-0.75 \n0.16 \n0.33 \n-0.02 \n0.34 \n12.64 \n-1.02 \n-0.03 \n1.09 \n-0.46 \n0.58 \nMAY \n0.11 \n-0.11 \n-0.06 \n-0.29 \n0.00 \n0.23 \n-0.03 \n-0.20 \n0.07 \n-0.13 \n-0.43 \n-0.05 \n-0.30 \n-0.13 \nJUNE \n-0.05 \n0.12 \n0.00 \n0.06 \n0.30 \n-0.03 \n0.00 \n-0.09 \n0.00 \n-0.11 \n0.15 \n0.02 \n-0.12 \n-0.03 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n24 \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCOHOL-\nIC BEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TOBAC-\nCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVERAG-\nES \n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n2013 \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \n  \nSEPTEMBER \n4.36 \n0.61 \n3.70 \n-0.37 \n2.10 \n5.06 \n-13.66 \n-1.01 \n5.74 \n1.23 \n0.93 \n1.45 \n-0.32 \n0.86 \nOCTOBER \n5.23 \n0.25 \n2.96 \n-0.70 \n2.21 \n1.40 \n-13.76 \n-0.73 \n9.05 \n0.83 \n-0.20 \n1.25 \n-0.74 \n0.59 \nNOVEMBER \n5.94 \n-0.07 \n3.51 \n-1.03 \n2.42 \n-7.04 \n-13.83 \n-0.92 \n11.19 \n2.06 \n-0.35 \n1.58 \n-1.51 \n0.54 \nDECEMBER \n4.26 \n0.09 \n3.63 \n-1.08 \n2.11 \n1.61 \n-13.99 \n-1.03 \n11.29 \n2.03 \n-0.87 \n1.61 \n-2.20 \n0.33 \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n5.03 \n0.03 \n3.63 \n-1.07 \n1.87 \n1.62 \n-14.00 \n-1.12 \n11.30 \n2.18 \n-0.43 \n1.67 \n-2.08 \n0.41 \nFEBRUARY \n2.21 \n-0.43 \n3.09 \n-1.35 \n0.44 \n0.05 \n-13.86 \n-1.08 \n11.47 \n1.32 \n-1.45 \n0.93 \n-3.26 \n-0.49 \nMARCH \n1.67 \n-0.53 \n2.21 \n-1.82 \n0.40 \n-0.44 \n-13.68 \n-1.21 \n11.47 \n2.47 \n-1.82 \n0.51 \n-3.71 \n-0.91 \nAPRIL \n1.78 \n-0.55 \n0.46 \n-2.60 \n0.22 \n-0.11 \n-0.62 \n-0.93 \n20.71 \n1.13 \n-1.56 \n1.50 \n-3.73 \n-0.26 \nMAY \n1.91 \n-0.83 \n0.39 \n-2.62 \n0.29 \n0.86 \n-0.60 \n-0.64 \n20.79 \n0.95 \n-1.69 \n1.62 \n-3.75 \n-0.19 \nJUNE \n1.68 \n-0.81 \n0.40 \n-2.54 \n0.64 \n0.97 \n-0.27 \n-0.84 \n20.79 \n0.99 \n-1.67 \n1.67 \n-3.54 \n-0.08 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \nMAY \n10.08 \n8.65 \n100.85 \n1.30 \n1.52 \nJUNE \n9.94 \n8.60 \n98.74 \n1.31 \n1.53 \nJULY \n9.83 \n8.49 \n98.31 \n1.33 \n1.53 \nAUGUST \n10.33 \n8.75 \n98.18 \n1.32 \n1.55 \nSEPTEMBER \n10.10 \n8.58 \n97.92 \n1.35 \n1.62 \nOCTOBER \n9.95 \n8.50 \n98.28 \n1.37 \n1.60 \nNOVEMBER \n10.19 \n8.64 \n102.33 \n1.36 \n1.64 \nDECEMBER \n10.43 \n8.72 \n105.02 \n1.38 \n1.65 \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11.21 \n9.09 \n102.47 \n1.35 \n1.65 \nFEBRUARY \n10.71 \n8.85 \n101.74 \n1.37 \n1.67 \nMARCH \n10.56 \n8.85 \n102.38 \n1.38 \n1.68 \nAPRIL \n10.57 \n8.85 \n102.38 \n1.38 \n1.68 \nMAY \n10.44 \n8.73 \n101.61 \n1.36 \n1.67 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \nJUNE \n10.50 \n8.85 \n101.80 \n1.34 \n1.70 \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Bal-\nances \nAdvances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n323.4 \n378.5 \n103.4 \n182.3 \n247.8 \n0.0 \n0.0 \n1,235.5 \n52.2 \n2,694.9 \n386.1 \n205.7 \n386.7 \n4,961.1 \nFeb \n292.2 \n357.7 \n120.5 \n234.6 \n239.9 \n0.0 \n0.0 \n1,244.9 \n27.7 \n2,289.3 \n328.8 \n208.0 \n388.3 \n4,887.0 \nMar \n271.6 \n345.7 \n196.1 \n198.9 \n265.3 \n0.0 \n0.0 \n1,277.6 \n26.1 \n2,715.8 \n367.2 \n228.8 \n388.0 \n5,003.5 \nApr \n263.8 \n383.6 \n201.1 \n272.9 \n289.9 \n75.3 \n5.2 \n1,491.7 \n26.3 \n2,595.8 \n341.3 \n207.0 \n382.1 \n5,044.2 \n May \n250.9 \n400.9 \n198.2 \n296.7 \n253.5 \n75.4 \n5.3 \n1,480.8 \n25.8 \n2,673.2 \n389.8 \n208.0 \n382.9 \n5,160.5 \nJun \n227.2 \n416.4 \n171.9 \n257.5 \n271.8 \n75.5 \n5.3 \n1,425.8 \n26.0 \n2,698.3 \n364.1 \n217.8 \n384.6 \n5,116.5 \nJul \n266.5 \n352.8 \n164.2 \n266.1 \n263.8 \n110.2 \n6.4 \n1,429.9 \n26.5 \n2,701.3 \n337.1 \n229.8 \n387.0 \n5,111.7 \n Aug. \n322.8 \n277.9 \n136.4 \n242.5 \n237.8 \n61.1 \n6.4 \n1,285.0 \n26.2 \n2,813.0 \n367.0 \n218.3 \n385.2 \n5,094.7 \n Sep \n334.1 \n336.0 \n178.0 \n327.8 \n226.3 \n111.5 \n6.0 \n1,519.7 \n26.9 \n2773.3 \n298.8 \n234.7 \n386.4 \n5,239.8 \nOct \n379.4 \n387.5 \n137.1 \n219.7 \n260.9 \n99.4 \n5.0 \n1,489.0 \n17.3 \n2,809.1 \n316.7 \n257.3 \n371.5 \n5,260.9 \nNov \n333.3 \n312.7 \n160.2 \n197.1 \n261.1 \n108.6 \n6.5 \n1,379.5 \n26.6 \n2,789.7 \n291.3 \n235.4 \n369.8 \n5,092.3 \nDec \n 354.8 \n367.8 \n135.5 \n 287.3 \n199.9 \n118.0 \n6.6 \n1,469.9 \n28.4 \n2,799.5 \n490.8 \n259.5 \n347.6 \n5,395.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n356.9 \n395.3 \n134.1 \n253.1 \n153.0 \n119.2 \n5.4 \n1,417.0 \n27.9 \n2,866.4 \n516.1 \n362.2 \n353.9 \n5,543.5 \nFeb \n334.3 \n387.0 \n130.5 \n285.0 \n195.0 \n193.2 \n5.4 \n1,530.0 \n32.8 \n2,718.1 \n534.5 \n502.9 \n351.1 \n5,669.5 \nMar \n304.6 \n354.1 \n147.4 \n280.3 \n165.9 \n255.2 \n5.4 \n1,512.9 \n28.7 \n2,737.9 \n522.7 \n538.8 \n349.7 \n5,690.7 \n Apr \n353.3 \n367.8 \n154.4 \n274.9 \n205.7 \n247.0 \n5.4 \n1,608.4 \n32.5 \n2,844.6 \n534.1 \n345.3 \n348.6 \n5,713.6 \n May \n327.8 \n421.1 \n120.5 \n372.8 \n211.5 \n241.7 \n5.4 \n1,700.6 \n27.5 \n2,836.8 \n591.4 \n366.2 \n347.1 \n5,869.6 \nJun \n347.1 \n404.7 \n166.4 \n338.1 \n198.0 \n261.9 \n0.0 \n1,716.1 \n16.2 \n2,863.2 \n607.8 \n362.9 \n346.1 \n5,912.6 \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,032.2 \n866.1 \n552.4 \n3,450.7 \n266.1 \n0.0 \n27.8 \n623.9 \n386.1 \n206.5 \n4,961.1 \n3,450.7 \nFeb \n1,987.8 \n933.3 \n491.5 \n3,412.5 \n258.1 \n0.0 \n32.4 \n631.9 \n328.8 \n223.3 \n4,887.0 \n3,417.9 \nMar \n1,960.1 \n976.3 \n451.1 \n3,387.3 \n290.9 \n0.0 \n32.8 \n687.7 \n367.2 \n237.6 \n5,003.5 \n3,387.3 \nApr \n 2,074.5 \n1,046.3 \n379.5 \n3,500.3 \n 247.6 \n0.0 \n37.9 \n667.2 \n341.3 \n249.8 \n5,044.2 \n3,500.3 \nMay \n2,066.0 \n913.0 \n479.9 \n3,459.0 \n346.5 \n0.0 \n81.8 \n674.4 \n389.8 \n209.0 \n5,160.4 \n3,459.0 \nJun \n2,013.9 \n919.6 \n298.9 \n3,232.4 \n553.0 \n0.0 \n74.1 \n702.3 \n364.1 \n190.6 \n5,116.5 \n3,232.4 \nJul \n2,054.1 \n916.2 \n245.9 \n3,216.2 \n578.3 \n0.0 \n77.5 \n699.7 \n337.1 \n202.9 \n 5,111.7 \n3,216.2 \nAug \n2,017.4 \n879.5 \n253.2 \n3,150.1 \n608.2 \n0.0 \n63.8 \n694.9 \n367.0 \n210.8 \n5,094.7 \n3,150.1 \nSep \n2,082.1 \n899.3 \n294.5 \n3,275.8 \n674.6 \n0.0 \n 74.0 \n708.8 \n298.8 \n207.7 \n5,239.8 \n3,275.8 \nOct \n2,125.9 \n880.0 \n349.3 \n3,355.2 \n611.4 \n0.0 \n68.5 \n703.0 \n316.7 \n206.0 \n5,260.9 \n3,355.2 \nNov \n1,953.4 \n861.2 \n 371.6 \n3,186.2 \n627.8 \n0.0 \n75.8 \n689.7 \n291.3 \n221.6 \n5,092.3 \n3,186.2 \nDec \n 1,980.4 \n813.6 \n 517.1 \n3,311.1 \n614.0 \n0.0 \n65.0 \n730.9 \n490.8 \n 184.0 \n 5,395.7 \n3,311.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,153.6 \n802.7 \n403.5 \n3,359.8 \n661.3 \n0.0 \n55.9 \n592.9 \n516.1 \n357.5 \n5,543.5 \n3,359.8 \nFeb \n2,111.8 \n878.8 \n494.6 \n3,485.2 \n630.0 \n0.0 \n51.1 \n609.5 \n534.5 \n359.0 \n5,669.5 \n3,485.2 \nMar \n2,156.8 \n919.6 \n454.2 \n3,530.6 \n635.5 \n0.0 \n44.8 \n596.4 \n522.7 \n360.7 \n5,690.7 \n3,530.6 \n Apr \n2,267.5 \n958.3 \n435.7 \n3,661.5 \n553.5 \n0.0 \n17.0 \n595.0 \n534.1 \n352.4 \n5,713.6 \n3,661.5 \n May \n2,294.9 \n975.8 \n451.7 \n3,722.4 \n585.0 \n0.0 \n13.7 \n591.1 \n591.4 \n366.1 \n5,869.6 \n3,722.4 \nJun \n2,248.9 \n989.8 \n506.1 \n3,744.8 \n543.8 \n0.0 \n48.3 \n591.2 \n607.8 \n376.7 \n5,912.6 \n3,744.8 \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJul \n1.9 \n1.3 \n2.8 \n2.2 \n3.4 \n0.0 \n11.6 \n0.0 \n264.0 \n34.8 \n51.7 \n35.5 \n397.6 \nAug \n1.4 \n1.7 \n0.4 \n0.6 \n3.4 \n0.0 \n7.4 \n0.0 \n265.6 \n34.5 \n45.5 \n37.3 \n390.3 \nSep \n1.2 \n0.8 \n0.0 \n0.3 \n3.4 \n0.0 \n5.7 \n0.0 \n233.7 \n35.8 \n46.6 \n38.6 \n360.4 \nOct \n0.9 \n0.5 \n0.4 \n0.6 \n2.5 \n0.0 \n4.8 \n0.0 \n234.8 \n35.6 \n41.3 \n38.7 \n355.2 \nNov \n0.4 \n0.6 \n0.1 \n0.2 \n2.5 \n0.0 \n3.9 \n0.0 \n231.9 \n35.5 \n39.6 \n38.3 \n349.2 \nDec \n1.1 \n0.5 \n0.1 \n0.4 \n2.5 \n0.0 \n4.6 \n0.0 \n232.7 \n35.5 \n29.2 \n40.5 \n342.5 \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n0.1 \n0.5 \n0.0 \n0.2 \n1.8 \n0.0 \n2.6 \n0.0 \n81.3 \n10.0 \n23.5 \n34.7 \n152.1 \nFeb \n0.2 \n0.4 \n0.1 \n0.1 \n1.8 \n0.0 \n2.5 \n0.0 \n77.6 \n9.0 \n24.1 \n34.6 \n147.9 \nMar \n0.1 \n0.1 \n0.1 \n0.1 \n1.6 \n0.0 \n2.0 \n0.0 \n53.2 \n8.7 \n21.8 \n32.5 \n118.1 \nApr \n0.1 \n0.4 \n0.2 \n0.3 \n1.6 \n0.0 \n2.6 \n0.0 \n75.2 \n8.5 \n22.2 \n32.4 \n140.9 \nMay \n0.2 \n0.4 \n0.0 \n0.1 \n0.3 \n0.0 \n0.9 \n0.0 \n68.7 \n0.1 \n14.6 \n30.3 \n114.6 \nJun \n0.2 \n0.2 \n0.1 \n0.1 \n0.6 \n0.0 \n1.2 \n0.0 \n66.8 \n0.1 \n14.7 \n29.6 \n112.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nMay \n112.2 \n67.1 \n54.4 \n233.6 \n46.7 \n0.0 \n1.2 \n‐99.4 \n34.6 \n174.3 \n391.0 \n233.6 \nJun \n114.6 \n56.2 \n52.3 \n223.1 \n46.7 \n0.0 \n1.2 \n-91.2 \n34.6 \n191.2 \n405.6 \n223.1 \nJul \n111.3 \n82.7 \n27.0 \n220.9 \n47.1 \n0.0 \n1.2 \n-94.1 \n34.8 \n187.8 \n397.6 \n220.9 \nAug \n109.5 \n80.6 \n 25.2 \n215.2 \n47.5 \n0.0 \n1.2 \n-101.7 \n34.5 \n 193.6 \n390.3 \n 215.2 \nSep \n111.2 \n82.6 \n19.0 \n212.8 \n47.9 \n0.0 \n1.2 \n-114.9 \n35.8 \n177.8 \n360.4 \n212.8 \nOct \n112.5 \n80.4 \n14.9 \n207.8 \n48.3 \n0.0 \n1.2 \n-114.3 \n35.6 \n176.7 \n355.2 \n207.8 \nNov \n122.6 \n59.7 \n20.0 \n202.3 \n48.2 \n0.0 \n1.2 \n-118.2 \n35.5 \n180.2 \n349.2 \n202.3 \nDec \n134.5 \n56.4 \n6.9 \n 197.8 \n48.9 \n0.0 \n1.2 \n-127.6 \n35.5 \n186.7 \n342.5 \n 197.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n36.8 \n57.7 \n5.7 \n100.1 \n11.7 \n0.0 \n0.0 \n0.7 \n10.0 \n29.6 \n152.1 \n100.1 \nFeb \n47.6 \n48.3 \n0.0 \n95.8 \n11.7 \n0.0 \n0.0 \n-10.9 \n9.0 \n42.3 \n147.9 \n95.8 \nMar \n41.0 \n55.8 \n0.0 \n96.9 \n12.0 \n0.0 \n0.0 \n-17.7 \n8.7 \n18.4 \n118.1 \n96.9 \nApr \n57.4 \n40.3 \n0.0 \n97.7 \n12.2 \n0.0 \n0.0 \n-19.8 \n8.5 \n42.4 \n140.9 \n97.7 \nMay \n42.8 \n34.6 \n0.0 \n77.4 \n0.0 \n0.0 \n0.0 \n4.7 \n0.1 \n32.5 \n114.6 \n77.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJun \n42.8 \n33.2 \n0.0 \n76.0 \n0.0 \n0.0 \n0.0 \n2.3 \n0.1 \n33.7 \n112.3 \n76.0 \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \nJan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \nFeb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \nMar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \nApr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \nMay \n30.2 \n179.6 \n0.2 \n20.3 \n230.0 \n307.3 \n120.3 \n40.4 \n121.9 \n820.0 \nJun \n28.6 \n178.8 \n0.0 \n20.0 \n227.3 \n314.2 \n122.4 \n44.6 \n121.8 \n830.3 \nJul \n26.1 \n207.4 \n0.0 \n20.0 \n253.5 \n312.4 \n123.1 \n48.6 \n121.6 \n859.2 \nAug \n34.7 \n204.1 \n0.0 \n20.0 \n258.8 \n320.6 \n123.0 \n46.4 \n124.1 \n872.9 \nSep \n36.4 \n204.9 \n0.0 \n20.0 \n261.3 \n353.4 \n122.7 \n52.2 \n124.6 \n914.2 \nOct \n39.3 \n186.8 \n0.0 \n20.0 \n246.1 \n358.4 \n128.2 \n51.8 \n122.4 \n906.9 \nNov \n39.7 \n163.1 \n0.0 \n40.0 \n242.8 \n361.6 \n135.8 \n43.6 \n122.9 \n906.7 \nDec \n34.8 \n158.8 \n0.0 \n40.0 \n233.6 \n381.5 \n127.7 \n55.2 \n123.0 \n920.9 \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \nJan \n30.9 \n147.5 \n0.2 \n40.0 \n218.6 \n384.5 \n136.4 \n64.4 \n125.3 \n929.1 \nFeb \n30.2 \n165.0 \n0.2 \n40.0 \n235.3 \n385.8 \n132.0 \n65.4 \n125.4 \n943.9 \nMar \n47.5 \n166.2 \n0.2 \n40.0 \n253.8 \n390.4 \n132.1 \n68.8 \n125.0 \n970.1 \nApr \n45.2 \n161.0 \n0.2 \n40.0 \n246.5 \n401.8 \n132.4 \n76.6 \n124.7 \n981.9 \nMay \n47.7 \n190.7 \n0.2 \n40.0 \n278.6 \n394.0 \n147.0 \n82.7 \n124.3 \n1,026.7 \n \n \n \n \n \n \n \n \n \n \n \nJun \n39.5 \n187.9 \n0.0 \n40.0 \n267.4 \n400.0 \n150.4 \n84.0 \n124.4 \n1,026.1 \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n May \n315.3 \n212.0 \n527.4 \n193.3 \n23.4 \n820.0 \n527.4 \n Jun \n309.0 \n222.6 \n531.6 \n198.3 \n100.4 \n830.3 \n531.6 \n Jul \n339.1 \n222.8 \n561.9 \n202.0 \n95.3 \n859.2 \n561.9 \n Aug \n298.4 \n270.1 \n568.4 \n206.3 \n98.2 \n872.9 \n568.4 \n Sep \n336.1 \n246.9 \n583.0 \n209.2 \n122.0 \n914.2 \n583.0 \n Oct \n310.9 \n264.9 \n575.8 \n212.0 \n119.4 \n907.2 \n575.8 \n Nov \n328.9 \n244.3 \n573.1 \n214.8 \n118.8 \n906.7 \n573.1 \n Dec \n370.3 \n197.3 \n567.6 \n219.6 \n133.9 \n921.0 \n567.6 \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n313.9 \n253.1 \n567.0 \n225.9 \n136.2 \n929.1 \n567.0 \nFeb \n318.7 \n264.4 \n583.1 \n228.6 \n132.2 \n943.9 \n583.1 \nMar \n374.6 \n234.6 \n609.2 \n231.4 \n129.5 \n970.1 \n609.2 \nApr \n358.4 \n262.7 \n621.1 \n234.0 \n126.8 \n981.9 \n621.1 \nMay \n436.2 \n233.2 \n669.4 \n238.0 \n119.1 \n1,026.7 \n669.4 \n \n \n \n \n \n \n \n \nJun \n440.1 \n212.2 \n652.3 \n243.1 \n131.0 \n1,026.1 \n652.3 \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \nApr \n189.66 \n71.98 \n4,894.68 \nMay \n212.72 \n73.99 \n5,471.22 \nJun \n211.19 \n73.29 \n5,436.57 \nJul \n232.87 \n66.77 \n5,9136.78 \nAug \n181.67 \n48.73 \n4,682.27 \nSep \n200.05 \n49.90 \n5,157.20 \nOct \n209.74 \n52.68 \n5,407.42 \nNov \n213.04 \n47.02 \n5,482.03 \nDec \n202.12 \n45.79 \n5,203.13 \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n189.25 \n35.40 \n4,882.11 \nFeb \n189.45 \n39.24 \n4,906.94 \nMar \n176.32 \n29.51 \n4,560.29 \nApr \n172.91 \n29.64 \n4,473.51 \nMay \n174.89 \n35.45 \n4,485.11 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \nJun \n186.57 \n61.32 \n4,873.40 \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \nMay \n1,393.0 \n121.5 \n66.2 \n527.4 \n2,108.0 \nJune \n1,218.4 \n108.6 \n70.6 \n531.6 \n1,929.2 \nJuly \n1,162.1 \n109.7 \n70.8 \n561.9 \n1,904.5 \nAugust \n1,132.7 \n105.8 \n70.4 \n568.4 \n1,877.2 \nSeptember \n1,193.8 \n101.6 \n69.8 \n583.0 \n1,948.2 \nOctober \n1,229.3 \n95.2 \n69.3 \n575.8 \n1,969.7 \nNovember \n1,232.8 \n79.7 \n73.4 \n573.1 \n1,959.0 \nDecember \n1,330.7 \n63.3 \n72.7 \n567.6 \n2,034.3 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,206.2 \n63.3 \n70.1 \n567.0 \n1,906.7 \nFebruary \n1,373.4 \n48.3 \n71.5 \n583.1 \n2,076.3 \nMarch \n1,373.8 \n55.8 \n75.1 \n609.2 \n2,113.9 \nApril \n1,394.0 \n40.3 \n81.0 \n621.1 \n2,136.4 \nMay \n1,427.5 \n34.6 \n77.5 \n669.4 \n2,209.0 \nJune \n1,495.8 \n33.2 \n81.3 \n652.3 \n2,262.6 \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n1,035.2 \n200.3 \n36.2 \n66.0 \n-29.8 \nFebruary \n1,244.9 \n1,025.4 \n219.5 \n26.9 \n67.3 \n-40.4 \nMarch \n1,277.6 \n1,016.2 \n261.4 \n8.9 \n65.8 \n-57.0 \nApril \n1,491.7 \n1,050.1 \n441.6 \n23.4 \n68.5 \n-45.1 \nMay \n1,480.8 \n1,037.7 \n443.1 \n27.3 \n70.1 \n-42.8 \nJune \n1,425.8 \n969.7 \n456.0 \n24.1 \n66.9 \n-42.8 \nJuly \n1,429.9 \n964.9 \n465.1 \n11.6 \n66.3 \n-54.7 \nAugust \n1,285.0 \n945.0 \n340.0 \n7.4 \n64.6 \n-57.2 \nSeptember \n1,519.7 \n982.7 \n536.9 \n5.7 \n63.8 \n-58.1 \nOctober \n1,489.0 \n1,006.6 \n482.5 \n4.8 \n62.3 \n-57.5 \nNovember \n1,379.5 \n955.9 \n423.7 \n3.9 \n60.7 \n-56.8 \nDecember \n1,469.9 \n993.3 \n476.6 \n4.6 \n59.3 \n-54.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from May 2012, the prescribed liquid asset ratio was reviewed to 30% of liabilities to the public. \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,417.0 \n1,007.9 \n409.0 \n2.6 \n30.0 \n-27.4 \nFebruary \n1,466.6 \n1,045.6 \n421.0 \n2.5 \n28.7 \n-26.2 \nMarch \n1,512.9 \n1,059.2 \n453.7 \n2.0 \n29.1 \n-27.1 \nApril \n1,608.4 \n1,098.5 \n509.9 \n2.6 \n29.3 \n-26.7 \nMay \n1,700.6 \n1,116.7 \n583.9 \n0.9 \n23.2 \n-22.3 \nJune \n1,716.1 \n1,123.4 \n592.7 \n1.2 \n22.8 \n-21.6 \n35 \nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nValues of Transactions (US$ in millions) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n3,563.84 \n5.24 \n80.72 \n173.71 \n115.53 \n89.67 \nFeb \n2,968.02 \n5.52 \n103.88 \n156.66 \n118.70 \n80.56 \nMar \n3,339.98 \n15.21 \n134.33 \n178.08 \n118.47 \n102.05 \nApr \n3,535.58 \n16.58 \n140.28 \n187.85 \n160.61 \n123.03 \nMay \n3,915.31 \n15.42 \n129.20 \n203.37 \n211.75 \n152.24 \nJun \n3,544.35 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJul \n3,955.45 \n12.31 \n132.61 \n205.37 \n164.08 \n139.13 \nAug \n3,351.13 \n10.45 \n138.05 \n203.41 \n189.48 \n128.68 \nSep \n3,409.17 \n13.34 \n120.41 \n190.44 \n173.13 \n142.32 \nOct \n3,641.98 \n13.75 \n121.55 \n206.51 \n201.51 \n156.26 \nNov \n3,134.35 \n11.40 \n102.19 \n229.52 \n222.18 \n57.34 \nDec \n3,438.08 \n4.04 \n130.15 \n265.80 \n268.94 \n68.58 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAnnual Total \n41,797.24 \n136.91 \n1,450.48 \n2,382.07 \n2,091.02 \n1,361.84 \n \n \n \n \n \n \n \nJan \n3,093.01 \n5.24 \n102.26 \n233.10 \n228.25 \n68.31 \n2014 \n \n \n \n \n \n \nFeb \n2,954.93 \n10.73 \n96.27 \n193.90 \n217.14 \n64.42 \nMar \n3,332.79 \n10.40 \n103.58 \n232.94 \n255.32 \n87.94 \nApr \n3,439.33 \n9.66 \n126.26 \n253.16 \n264.38 \n96.29 \nMay \n3,915.31 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJune \n3,657.44 \n12.42 \n110.38 \n250.87 \n284.18 \n104.28 \n36 \nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nVolumes of Transactions (in thousands) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n181.68 \n21.18 \n761.09 \n691.18 \n6,950.84 \n47.53 \nFeb \n172.41 \n21.95 \n811.83 \n620.06 \n6,835.89 \n30.75 \nMar \n179.44 \n37.01 \n1,377.65 \n743.82 \n7,042.27 \n33.69 \nApr \n182.87 \n37.31 \n954.80 \n760.46 \n9,908.41 \n34.73 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n185.80 \n34.36 \n968.54 \n731.17 \n9,110.97 \n36.87 \nJul \n205.85 \n35.41 \n1,052.26 \n822.57 \n10,099.72 \n42.74 \nAug \n187.25 \n30.29 \n1,114.86 \n825.75 \n11,551.94 \n41.78 \nSep \n201.22 \n33.17 \n1,003.98 \n799.62 \n8,701.56 \n44.48 \nOct \n212.66 \n35.69 \n1,073.88 \n873.19 \n9,769.81 \n48.59 \nNov \n186.64 \n31.74 \n904.27 \n927.93 \n14,753.35 \n24.04 \nDec \n180.80 \n11.82 \n1,033.73 \n1,042.32 \n12,273.02 \n23.56 \n \n \n \n \n \n \n \nAnnual Total \n2,291.82 \n367.02 \n12,011.07 \n9,631.50 \n119,144.68 \n447.44 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n182.48 \n29.41 \n973.79 \n815.89 \n11,141.19 \n24.19 \nFeb \n175.09 \n32.95 \n991.91 \n799.12 \n10,631.60 \n25.10 \nMar \n192.02 \n32.35 \n1,163.76 \n947.64 \n12,859.50 \n30.82 \nApr \n183.63 \n28.12 \n1,184.85 \n974.37 \n13,298.04 \n29.23 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n193.58 \n32.98 \n1,164.73 \n966.45 \n14,163.56 \n34.25", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/June2014.pdf"}

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+{"doc_id": "4075993f462fec321a0a4539ab5e6521", "text": "PUBLIC \nPUBLIC \n \n \nBANK OF GHANA \nMONETARY POLICY COMMITTEE \nPRESS RELEASE \nMay 23, 2025 \n \nGood afternoon, ladies and gentlemen of the press. Thank you for attending this press \nbriefing of the Monetary Policy Committee, following the 124th regular meetings which evaluated \nrecent economic developments and assessed the risks to the inflation and growth outlook. This \nbriefing is meant to share with the press a summary of the key discussions and the Committee's \ndecision on the monetary policy stance as part of our commitment to transparency and \naccountability. \nGlobal economic developments in the first four months of the year were characterised by low \ngrowth prospects, unsynchronised disinflation outcomes, and restrictive global financial \nconditions, driven largely by significant headwinds associated with the trade policy shifts in the \nUnited States. The potential spillover effects of the imposition of the trade tariffs by the United \nStates and counter-tariff measures have heightened policy uncertainty, weakened investor \nsentiments, and lowered global growth prospects. In the event, monetary policy decisions by \ncentral banks have been mixed, reflecting divergence in inflation outcomes. While some \ncountries have adopted tighter-for-longer stance, others have cut policy rates, citing gradual \nease in inflation towards central bank targets. \n \nOn the domestic front, the Bank’s high frequency real sector indicators point to a sustained \npickup in economic activity. The updated Composite Index of Economic Activity increased by \n2.3 percent year-on-year in March 2025, compared with 1.0 percent over the same period last \nyear, mainly driven by exports, credit to the private sector, and construction activities. In addition, \nthe Ghana Purchasing Managers’ Index rose above the 50-benchmark as output and new orders \nincreased, signaling improved growth prospects. Based on easing inflationary pressures and \noptimism about macroeconomic conditions, the latest confidence surveys showed significant \nimprovement in consumer and business indices, the highest in the last seven years. \n \nHeadline inflation has declined consecutively in the first four months of the year by 2.6 \npercentage points to 21.2 percent in April 2025, driven by both food and non-food inflation. A \nconfluence of factors, including tight monetary policy stance, stepped-up liquidity sterilization \nefforts, downward revisions in ex-pump petroleum prices, and exchange rate stability have \nsupported the gradual decline in inflation. The Bank’s core inflation measure, which excludes \nenergy and utility prices, as well as inflation expectations of consumers, businesses, and the \nbanking sector point to easing inflationary pressures. \n \nFiscal policy implementation so far has been broadly aligned with the 2025 Budget. In the first \nquarter of 2025, provisional data on budget execution indicated that although revenues fell below \ntarget, some expenditure rationalisation took place to accommodate the revenue shortfall. The \nprimary fiscal balance (on commitment basis) has also improved in the first quarter. At the end \nof March 2025, the stock of public debt stood at GH¢769.4 billion (55.0% of GDP), compared \n1 \nPUBLIC \nPUBLIC \nwith GH¢726.7 billion (61.8% of GDP) at end-December 2024. Continued maintenance of a strict \nfiscal consolidation for the 2025 Fiscal Year will further strengthen the ongoing recovery process \nand firm up macroeconomic stability. \nThe external sector has continued to improve, with a record provisional current account surplus \nof US$2.1 billion in the first quarter of 2025, driven mainly by higher prices and increased \nproduction volumes of gold and cocoa, and strong remittance inflows. The current account \nsurplus, together with net outflows in the capital and financial account, resulted in an overall \nBalance of Payments surplus of US$1.1 billion. The strong external performance resulted in \nsignificant reserve accumulation. Gross International Reserves (GIR) amounted to US$10.7 \nbillion in April 2025, equivalent to 4.7 months of import of goods and services. Broadly, the \nexternal sector outlook remains favourable, largely anchored on expectations of increased gold \nand cocoa export receipts, as well as inflows from remittances. \nThe cedi has rebounded strongly against the major trading currencies driven by a combination \nof factors, including tight monetary policy stance, ongoing fiscal consolidation, record reserve \naccumulation, strict enforcement of foreign exchange market rules, and improved market \nsentiment. In the year to May 21, 2025, the cedi had appreciated against all the major currencies \n– 24.1 percent against the US dollar, 16.2 percent against the British pound, and 14.1 percent\nagainst the euro.\nThe latest forecast points to continued easing of inflationary pressures on the back of tight \nmonetary policy stance, exchange rate stability, and fiscal consolidation. Inflation is expected to \nease faster towards the medium-term target in the first quarter of 2026 as opposed to the second \nquarter as earlier envisaged, barring unanticipated shocks. \nDespite these positive developments, the Committee observed that the current level of inflation \nremains high relative to the medium-term target and will require maintaining the tight stance to \nreinforce the disinflation process. Under the circumstances, the Committee, by a unanimous \ndecision, maintained the policy rate at 28.0 percent. \nAdditional Policy Measure \nThe Committee decided to amend the Dynamic Cash Reserve Ratio (CRR) as follows: \n•\nThe CRR for all banks will now be maintained in their respective currencies. This means\nthat foreign currency reserves for foreign currency deposits and domestic currency\nreserves for domestic currency deposits.\nThis policy measure will become effective on June 5, 2025. \nInformational Note: The next Monetary Policy Committee (MPC) meeting is scheduled to start \non Monday, July 21, 2025, and conclude on Wednesday, July 23, 2025, with the \nannouncement of the policy decision. \n2", "source": "BOG", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/MPC-Press-Release-May-2025-1.pdf"}

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+{"doc_id": "4351409432dea2c67c02d81e1009d521", "text": "i \n \n \n \n \n \n \n \nJANUARY 2019 \n \n1 \n \nTABLE OF CONTENTS \n \nSELECTED ECONOMIC INDICATORS ........................................................................................ 2 \nINTERNATIONAL COMMODITY PRICE DEVELOPMENTS ......................................................... 3 \nMERCHANDISE TRADE DEVELOPMENTS ..................................................................................... 4 \nMONETARY DEVELOPMENTS ............................................................................................................ 6 \nSTOCK MARKET DEVELOPMENTS ................................................................................................... 7 \nINFLATION OUTTURN ........................................................................................................................... 8 \nAnnual Inflation ...................................................................................................................................... 8 \nMonthly Inflation .................................................................................................................................... 9 \nNATIONAL PAYMENTS SYSTEM ........................................................................................................ 9 \n \n \n \n \n \n \n \n \n2 \n \n \n \n \n2018 \n \nDecember \n2019 \n \nJanuary \nMonth-on- \nMonth \nChange (%) \nYearly Inflation3 (%) \n42.09 \n56.90 \n \nMonthly Inflation3 (%) \n9.03 \n10.75 \n \nNational Payment System Transactions2 \n(US$ millions) \n16 090.61 \n13 575.37 \n-15.63 \nMoney Supply2 (US$ millions) \n10 009.91 \n9 857.03 \n-1.53 \nMoney Supply (M3) Annual Growth2 (%) \n28.05 \n30.64 \n \nNominal Lending Rate2 (% per annum) \n4.00-18.00 \n4.00-18.00 \n \nMerchandise Exports3 (US$ millions) \n364.8 \n292.6 \n-19.8 \nMerchandise Imports3 (US$ millions) \n494.7 \n336.8 \n-31.9 \nTrade Balance3 (US$ millions) \n129.9 \n44.2 \n-65.97 \nZ.S.E All share Index \n146.24 \n157.54 \n7.73 \nZ.S.E. Mining Index1 \n227.71 \n213.13 \n-6.40 \nZ.S.E. Industrial Index1 \n487.13 \n525.90 \n7.96 \nSources: \n1. Zimbabwe Stock Exchange (ZSE) \n2. Reserve Bank of Zimbabwe (RBZ) \n3. Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \n \n3 \n \nINTERNATIONAL COMMODITY PRICE \nDEVELOPMENTS \n \nDuring \nthe \nmonth \nof \nJanuary \n2019, \ninternational commodity prices for copper, \nprecious metals and oil firmed. Copper prices, \nhowever, recorded a decline. \n \n Precious Metals \nGold and platinum prices increased by 3.3% and \n1.2%, to close at monthly averages of \nUS$1,291.67/oz and US$805.83/oz in January \n2019, respectively. Prices were supported by an \nincrease in safe haven demand for precious \nmetals, on account of a weaker US dollar and \nhigher volatility in equity markets. \n \nFigure. 1: Precious metal prices (US$/oz.) \nSource: Bloomberg, 2019 \n \nBase Metals \nAverage prices for copper declined by 2.6% to \nUS$5,963.91/tonne in January 2019. The \nescalation of the US-China trade disputes \ncoupled \nwith \nslackening \nglobal \ndemand \nweighed down the price of copper. Nickel \nprices, \nhowever, \nrose \nby \n9.3% \nto \nUS$11,493.64/tonne in the same month. Supply \nconstraints in Indonesia, one of the world’s top \nnickel producers, boosted nickel prices.. Trends \nin base metal prices are shown in Figure 2. \n \nFigure 2: Base metal prices (US$/ton) \nSource: Bloomberg, 2019 \n \n \nBrent Crude Oil \nBrent crude prices rose by 3.2%, from a monthly \naverage of US$58.32/barrel in December 2018, \nto US$60.21/barrel in January 2019. This \nfollowed supply cuts by the Organization of \nPetroleum Exporting Countries. Geo-political \ntensions in Venezuela and Iran, and a drop in US \nfuel stockpiles, contributed to the increase in oil \nprices. \n \n \n \n \n \n \n \n600\n700\n800\n900\n1000\n1100\n1200\n1300\n1400\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nUS$/oz.\nGold\nPlatinum\n5,000\n7,000\n9,000\n11,000\n13,000\n15,000\n17,000\n4,000\n4,500\n5,000\n5,500\n6,000\n6,500\n7,000\n7,500\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nNickel US$/ton\nCopper US$/ton\nCopper\nNickel (RHS)\n \n \n \n4 \n \nFigure 3: International crude oil prices \n(US$/barrel) \nSource: Bloomberg, 2019 \nMERCHANDISE TRADE \nDEVELOPMENTS \n \nTotal merchandise trade for January 2019 \namounted to US$629.4 million, down from \nUS$859.6 million recorded in December 2018. \nThe decline was on account of a slowdown in \nboth merchandise exports and imports. \nMerchandise Export Developments \nMerchandise exports declined by 19.8% to \nUS$292.6 million in January 2019, compared to \nUS$364.8 million recorded in the previous \nmonth. This followed declines in exports of \nflue-cured tobacco, ferro-chrome, chromium \nores & concentrates, diamonds, cotton and \nplatinum. Exports of gold and nickel mattes, \nhowever, registered increases, during the period \nunder analysis. \n \n \n \n1 Unwrought platinum excludes other platinum group of \nmetals (PGMs) \nFigure 4: Merchandise Exports (US$ m) \n \nSource: ZIMSTAT, 2019 \n \n \nTable 1 shows the major export commodities for \nDecember 2018 and January 2019. \n \n \nTable 1: Exports Classified by Harmonised \nCommodity Description and Code System \nCommodity \nDec-18 \nUS$m \nJan-19 \nUS$m \nShare of \nTotal \nExports \n(%) \n Flue-cured tobacco \n115.8 \n63.1 \n21.6 \n Semi-manufactured gold \n64.4 \n64.5 \n22 \n Nickel mattes \n49.4 \n56 \n19.2 \n Nickel ores and concentrates \n35.9 \n35.6 \n12.2 \n Industrial diamonds \n18.9 \n3.7 \n1.3 \n Ferro-chromium \n18.9 \n14.9 \n5.1 \n Chromium ores and \nconcentrates \n7.2 \n4.7 \n1.6 \n Cane sugar \n6.8 \n4.3 \n1.5 \n Unwrought Platinum1 \n4.5 \n4.1 \n1.4 \n Ginned cotton \n3.1 \n2.2 \n0.8 \n Other \n40 \n39.5 \n13.5 \n Total \n364.8 \n292.6 \n100 \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \n0\n10\n20\n30\n40\n50\n60\n70\n80\n90\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nUS$/barrel\n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\n \n \n \n5 \n \nThe \ncountry’s \ntop \nmerchandise \nexport \ndestinations in January 2019 were as follows: \nSouth Africa (53.1%); the United Arab Emirates \n(14.4%), Mozambique (7.4%), Kenya (1.3%) \nand Zambia (1.2%), as shown in Figure 5. \nFigure 5: Top Five Merchandise Export \nDestinations (% Share) \n \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nMerchandise Import Developments \nDuring the month under review, merchandise \nimports declined by 31.9% to US$336.8 million. \nEnergy imports (diesel, petrol and electricity) \naccounted for the highest proportion of total \nmerchandise imports, at 29.7%. \nTable 2 shows the country’s major import \ncommodities for the month of December 2018 \nand January 2019. \n \n \n \n \n \n Table 2: Imports Classified by Harmonised \nCommodity Description and Code \nSystem. \nCommodity \nDec-18 \nUS$ \nJan-19 \nUS$ \nShare \nof \nTotal \nImports \n(%) \n Diesel \n78.1 \n60.6 \n18 \n Unleaded petrol \n37.9 \n36.4 \n10.8 \n Aviation Spirit (Jet A1) \n5 \n9.6 \n2.9 \n Wheat \n10.8 \n7.6 \n2.3 \n Insecticides \n3.4 \n4.9 \n1.5 \n Crude soya bean oil \n15 \n4.6 \n1.4 \n Herbicides \n8.7 \n3.8 \n1.1 \n Medicines \n1.7 \n3.8 \n1.1 \n Electricity \n3 \n2.9 \n0.9 \n Road tractors for semi-\ntrailers \n4.3 \n2.3 \n0.7 \n Other \n326.9 \n200.1 \n59.4 \n Total \n494.7 \n336.8 \n100 \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nThe country sourced imports mainly from \nSingapore, 30.6%; South Africa, 28.1%; China, \n11.3%; United Kingdom, 4.4%; and Mauritius, \n2.9%, as shown in Figure 6. \n \n \n \n \n \n \n \n \n53.1%\n14.4%\n7.4%\n1.3%\n1.2%\n South Africa\n United Arab Emirates\nMozambique\nKenya\n Zambia\n \n \n \n6 \n \nFigure 6: Top Five Merchandise Import \nSources (% Share). \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nMerchandise Trade Balance \nThe country’s merchandise trade deficit \nnarrowed by 65.97%, from US$129.9 million in \nDecember 2018, to US$44.2 million in January \n2019. \n \n \n \n \n \n \n \n \n \n2 Provisional figures. \n3 From November 2017, broad money adjusted by reclassification of \nlines of credit that were incorrectly classified as deposits included in \nFigure 7: Merchandise Trade Balance \n(US$m) \nSource: ZIMSTAT, 2019 & RBZ Computations, 2019 \nMONETARY DEVELOPMENTS2 \n \nAnnual broad money supply3 growth increased \nby 5.56 percentage points to 30.64% in January \n2019, from 28.05% in January 2018. The growth \nreflected an increase in broad money stock, from \n$7 544.94 million in January 2018 to $9 857.03 \nmillion in January 2019. \n \nThe annual growth in money supply was, in \nlarge part, attributable to expansions in demand \ndeposits, 37.97%; currency in circulation, \n43.10%; and time deposits, 0.88%. This was \npartially offset by the decline of 8.84% in \nnegotiable certificates of deposits (NCDs). \n \nOn a month-on-month basis, broad money \nsupply declined by 1.53%, from $10 009.91 \nmillion in December 2018 to $9 857.03 million \nin January 2019. \nbroad money. This reduced the stock of money and at the same time \nreducing the net foreign assets of other depository corporations. \n \n28.1%\n30.6%\n11.3%\n4.4%\n2.9%\n South Africa\n Singapore\nChina\nUnited\nKingdom\nMauritius\n-400.0\n-200.0\n0.0\n200.0\n400.0\n600.0\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nExports\nImports\nTrade Balance\n \n \n \n7 \n \nFigure 8: Broad Money in Levels and \nGrowth Rates \nSource: Reserve Bank of Zimbabwe, 2019 \n \nIn terms of proportions, demand deposits \naccounted for 79.71% of broad money; time \ndeposits, 14.88%; currency in circulation, \n4.82%; and negotiable certificates of deposits, \n0.60%. \nFigure 9: Composition of Money Supply \n \n \nSource: Reserve Bank of Zimbabwe, 2019 \nCredit to the private sector recorded an annual \ngrowth of 9.41% in January 2019. On a month-\non-month basis, however, credit to the private \nsector declined by 3.61% to $3 912.30 million, \nduring the month under review. \nPrivate sector credit was distributed as follows: \nhouseholds, 25.52%; agriculture, 20.10%; \nservices, \n13.72%; \ndistribution, \n13.39%; \nmanufacturing, 9.78%; financial organisations \nand investments, 6.65%; mining, 4.74%; \nconstruction, \n3.08%; \nand \ntransport \nand \ncommunications, 2.39%. \nFigure 10: Distribution of Private Sector \nCredit \nSource: Reserve Bank of Zimbabwe, 2019 \n \nSTOCK MARKET DEVELOPMENTS \n \nThe Zimbabwe Stock Exchange (ZSE) was \ncharacterized by bullish performance, during the \nmonth of January 2019. Resultantly, the All \nShare price Index firmed by 7.73% to close at \n157.54 points. Similarly, the Top 10 Index also \nrose by 9.14% points to close at 158.28 points. \n0\n5\n10\n15\n20\n25\n30\n35\n40\n45\n50\n -\n 2\n 4\n 6\n 8\n 10\n 12\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\n%\n$ Billions\nM3\nM3 Annual Growth rate\nDemand \ndeposits\n79.71%\nTime \nDeposits\n14.88%\nCurrency in \nCirculation\n4.81%\nNegotiable \nCertificates of \nDeposits\n0.60%\nConstruction\n3%\nTransport and \nCommunication\n2%\nMining\n5%\nFin \nOrgan & \nInvest\n7%\nDistrubution\n13%\nServices\n14%\nManufacturing\n10%\nAgriculture\n20%\nHouseholds\n25%\nOther\n1%\n \n \n \n8 \n \n Figure 11: Zimbabwe Stock Exchange All \nShare and Top 10 Indices \nSource: Zimbabwe Stock Exchange, 2019 \n \nThe industrial index gained 7.96%, to close the \nmonth under review at 525.90 points. The \nmining index, however, shed 6.4% to close at \n213.13 points, during the same month. \n \nFigure 12: Zimbabwe Stock Exchange \nIndicies \nSource: Zimbabwe Stock Exchange, 2019 \n \nThe volume of shares traded on the local bourse \ndeclined by 14.36% to 122.78 million shares in \nJanuary 2019, from 143.37 million shares \ntraded in December 2018. The value of shares \ntraded, however, increased by 18.62% to \n$110.28 million, from $92.97 million in \nDecember 2018. \n \nFigure 13: ZSE Monthly Volumes and \nValues Traded \n \nSource: Zimbabwe Stock Exchange, 2019 \nForeign investor participation, as measured by \nforeigners’ contribution to the value of shares \ntraded, stood at 36.81% in January 2019, up \nfrom 30.36% in December 2018. \nZSE market capitalisation registered a US$1.46 \nbillion gain, to close at US$20.89 billion in \nJanuary 2019. On a year-year-on year basis, \nZSE \nmarket \ncapitalization \nincreased \nby \n141.41%. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nThe annual headline inflation increased by \n14.81 percentage points to 56.90% in January \n2019, from 42.09% in December 2018. This was \n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n40.00\n90.00\n140.00\n190.00\n240.00\n31-Jan-18\n28-Feb-18\n31-Mar-18\n30-Apr-18\n31-May-18\n30-Jun-18\n31-Jul-18\n31-Aug-18\n30-Sep-18\n31-Oct-18\n30-Nov-18\n31-Dec-18\n31-Jan-19\nTop 10 Index\nAll Share Index\nAll Share Index\nTop 10 Index\n0\n50\n100\n150\n200\n250\n300\n0\n100\n200\n300\n400\n500\n600\n700\n800\nMining Index Points\nIndustrial Inedx Points\nIndustrial\nMining\n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\n0\n100\n200\n300\n400\n500\n600\n700\n800\n900\n1,000\n1,100\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nValues Traded ($ millions)\nVolumes Traded (milions)\nVolume\nTurnover\n \n \n \n9 \n \ndriven by increases in food and non-food \ninflation of 63.70% and 53.60%, respectively. \nThe rise in both food and non-food inflation was \nlargely attributed to escalating parallel market \nforeign currency premiums. \n \nThe largest contributors to annual inflation were \ntransport, furniture and household equipment; \ntransport; and clothing and footwear categories, \namong others. \n \nFigure 14: Annual Inflation (%) \nSource: ZIMSTAT, 2019 \n \nMonthly Inflation \n \nMonth-on-month inflation stood at 10.75% in \nJanuary 2019, an increase of 1.72 percentage \npoints from 9.03% recorded in December 2018. \nThe increase was largely driven by an \nacceleration in non-food inflation which stood \nat 12.83% in January 2019, up from 9.01% in \nDecember 2018. Food inflation, however, \ndeclined from 9.07% in December 2018, to \n6.94% in January 2019. \n \nFigure 15: Month-on-Month Inflation (%)\nSource: ZIMSTAT, 2019 \n \nNATIONAL PAYMENTS SYSTEM \n \n \n \n \nThe value of transactions processed through the \nNational Payment System (NPS) declined by \n15.6% to US$13.57 billion in January 2019, \nfrom US$16.09 billion in December 2018. \nTransaction volumes also recorded a decrease of \n7.2% to close at 178.28 million in January 2019, \nfrom 192.03 million in December 2018. \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through the \nReal Time Gross Settlement (RTGS) system fell \nby 17.4%, from US$8.36 billion in December \n2018 to US$6.9 billion in January 2019. In \ntandem, the volume of RTGS transactions also \nregistered a 16.1% decline, to close at 401,520 \ntransactions in the same period. \n \n \n \n \n \n \n0\n5\n10\n15\n20\n25\n30\n35\n40\n45\n50\n55\n60\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nHeadline Inflation\nFood\nNon Food\n-2.0\n0.0\n2.0\n4.0\n6.0\n8.0\n10.0\n12.0\n14.0\n16.0\n18.0\nJan-18\nMar-18\nMay-18\nJul-18\nSep-18\nNov-18\nJan-19\n \n \n \n10 \n \nFigure 16: ZETSS Volumes and Values \n \nSource: Reserve Bank of Zimbabwe, 2019 \n \nCash transactions \n \nThe value of cash based transactions stood at \nUS$254.13 million in January 2019, a 22.3% \ndecline from US$327.47 million recorded in \nDecember 2018. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMobile and Internet Based Transactions \nMobile and internet value based transactions \ndeclined by 21.4% to $4.67 billion as at end of \nJanuary 2019, from $5.94 billion in December \n2018. The volume of mobile and internet based \ntransactions \nconstituted \n76.22% \nof \nNPS \ntransactions, during the period under analysis. \n \nCard Based Transactions \nThe total value of card based transactions \namounted to US$1.29 billion in January 2019, \nup from US$917 million in December 2018. \n \n \n \nJANUARY 2019 \nRESERVE BANK OF ZIMBABWE \n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\n 7.0\n 8.0\n 9.0\n0\n100\n200\n300\n400\n500\n600\n700\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nValue in $ Billions\nVolume in Thousands\nVolume\nValue\n \n11 \n \nStatistical Tables \n \nMonetary Statistics \n 1. Depository Corporations Survey \n \n \n \n13 \n 2. Central Bank Survey \n \n \n \n \n \n \n14 \n \n3. Other Depository Corporations Survey \n \n \n \n \n15 \n Other Depository Corporations \n \n4.1 Assets \n \n \n \n \n \n \n \n16 \n 4.2 Liabilities \n \n \n \n \n \n \n \n17 \n Commercial Banks \n 5.1 Assets \n \n \n \n \n18 \n 5.2 Liabilities \n \n \n \n19 \n Building Societies \n 6.1 Assets \n \n \n \n \n \n \n20 \n 6.2 Liabilities \n \n \n \n \n \n21 \n Sectoral Analysis of Bank Loans and Advances and Deposits \n \n7.1 Sectoral Analysis of Commercial Banks Loans and Advances \n22 \n \n7.2 Sectoral Analysis of Commercial Banks Deposits \n \n \n23 \n Interest Rates \n \n8.1 Lending Rates \n \n \n \n \n \n \n \n24 \n \n8.2 Banks Deposit Rates \n \n \n \n \n \n \n25 \n \n Inflation \n \n9.1 Monthly Inflation \n \n \n \n \n \n \n26 \n \n9.2 Yearly Inflation \n \n \n \n \n \n \n \n27 \n External Statistics \n \n10. Total External Debt Outstanding by Debtor \n \n \n \n28 \n 11. Exchange Rates \n \n \n \n \n \n \n \n29 \n \n \n \n \n \n12 \n \n12. Zimbabwe Stock Market Statistics \n \n \n \n \n 30 \n \n 13. National Payments System Statistics \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n 31 \n \n13.2 Volumes of Transactions \n \n \n \n \n 32 \n \n14. Merchandise Trade Statistics \n \n \n \n \n \n 33 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n13 \n \n \nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nNet Foreign Assets\n-1,370,261.96\n-1,418,260.19\n-1,632,912.01\n-1,645,842.76\n-1,725,931.55\n-1,508,217.61\n-1,499,686.15\n-1,804,600.44\n-1,815,294.15\n-1,728,377.38\n-1,725,207.58\n-1,877,294.72\n-1,874,425.56\nCentral Bank(net)\n-1,184,176.73\n-1,238,013.30\n-1,469,367.91\n-1,454,496.55\n-1,468,598.27\n-1,217,451.12\n-1,275,444.50\n-1,513,864.28\n-1,555,285.99\n-1,455,053.24\n-1,541,066.06\n-1,758,219.23\n-1,766,538.71\nForeign Assets\n296,246.77\n293,630.88\n253,622.18\n257,569.81\n314,006.88\n510,355.35\n528,307.45\n290,596.25\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n303,248.18\nForeign Liabilities\n1,480,423.50\n1,531,644.18\n1,722,990.09\n1,712,066.36\n1,782,605.15\n1,727,806.48\n1,803,751.95\n1,804,460.53\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\nOther Depository Corporations(net)\n-186,085.23\n-180,246.89\n-163,544.10\n-191,346.21\n-257,333.28\n-290,766.49\n-224,241.66\n-290,736.16\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\nForeign Assets\n261,618.30\n258,085.28\n297,434.24\n261,946.07\n296,836.55\n263,405.79\n320,981.77\n244,837.54\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\nForeign Liabilities\n447,703.53\n438,332.17\n460,978.35\n453,292.29\n554,169.83\n554,172.27\n545,223.42\n535,573.70\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\nNet Domestic Assets (NDA)\n8,915,206.07\n8,949,874.35\n9,326,215.99\n9,468,421.41\n9,984,853.80\n10,351,577.44\n10,883,377.40\n11,301,536.89\n11,637,230.97\n11,491,870.79\n11,515,658.20\n11,887,199.99\n11,731,452.83\nDomestic Claims\n10,466,916.30\n10,514,627.41\n11,000,141.88\n11,386,721.27\n11,846,066.17\n12,410,120.00\n13,195,525.47\n13,840,196.20\n14,162,804.05\n14,361,247.61\n14,642,956.80\n14,982,344.65\n15,268,955.01\nClaims on Central Government(net)\n6,186,622.75\n6,217,153.41\n6,614,169.62\n6,945,662.37\n7,361,243.19\n7,703,126.14\n8,707,427.93\n9,245,237.20\n9,367,999.90\n9,453,371.60\n9,709,749.15\n9,992,336.76\n10,397,721.31\nClaims on Central Government\n6,365,120.36\n6,411,440.40\n6,770,958.92\n7,083,205.15\n7,510,470.60\n7,834,035.83\n8,782,266.41\n9,319,418.72\n9,454,322.45\n9,547,216.70\n9,799,794.74\n10,074,924.82\n10,481,274.02\nCentral Bank\n4,002,809.96\n4,073,776.80\n4,316,965.46\n4,510,854.75\n4,687,116.02\n4,961,290.78\n5,486,379.33\n5,949,540.54\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,438,578.19\nODCs\n2,362,310.40\n2,337,663.61\n2,453,993.46\n2,572,350.40\n2,823,354.57\n2,872,745.05\n3,295,887.08\n3,369,878.18\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\nLess Liabilities to Central Government\n178,497.61\n194,286.99\n156,789.30\n137,542.78\n149,227.40\n130,909.69\n74,838.48\n74,181.52\n86,322.55\n93,845.11\n90,045.59\n82,588.06\n83,552.71\nCentral Bank\n71,168.00\n93,049.24\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\nODCs\n107,329.61\n101,237.76\n114,693.11\n95,572.36\n107,369.43\n89,210.62\n33,130.77\n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\nClaims on Other Sectors\n4,280,293.55\n4,297,474.00\n4,385,972.26\n4,441,058.90\n4,484,822.98\n4,706,993.86\n4,488,097.54\n4,594,959.00\n4,794,804.16\n4,907,876.01\n4,933,207.65\n4,990,007.89\n4,871,233.70\nOther Financial Corporations\n59,033.61\n62,633.68\n69,429.67\n74,313.48\n60,319.74\n67,789.70\n133,851.47\n141,976.37\n145,256.31\n149,474.39\n146,924.77\n156,610.64\n163,570.22\nState and Local Government\n55,046.17\n54,613.41\n48,750.40\n52,851.54\n51,746.27\n49,509.94\n54,356.85\n52,796.97\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\nPublic Non Financial Corporations\n590,546.93\n592,869.46\n571,018.58\n584,553.05\n571,881.14\n678,604.79\n653,645.57\n675,218.20\n707,808.19\n714,396.35\n759,288.09\n737,586.90\n760,026.12\nPrivate Sector\n3,575,666.84\n3,587,357.45\n3,696,773.61\n3,729,340.82\n3,800,875.83\n3,911,089.43\n3,646,243.64\n3,724,967.47\n3,890,142.17\n4,004,414.16\n3,989,955.06\n4,058,650.69\n3,912,302.09\nCentral Bank\n14,203.44\n14,223.70\n15,959.49\n14,425.53\n19,406.23\n19,822.36\n20,351.40\n22,784.69\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\nODCs\n3,561,463.40\n3,573,133.75\n3,680,814.12\n3,714,915.30\n3,781,469.60\n3,891,267.06\n3,625,892.25\n3,702,182.78\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\nOther Items(Net)\n1,551,710.23\n1,564,753.06\n1,673,925.89\n1,918,299.85\n1,861,212.37\n2,058,542.55\n2,312,148.07\n2,538,659.31\n2,525,573.08\n2,869,376.82\n3,127,298.60\n3,095,144.66\n3,537,502.18\nShares and Other Equity\n1,838,240.04\n1,868,540.56\n1,895,980.71\n1,893,321.46\n1,925,814.17\n1,993,144.37\n2,192,599.84\n2,239,731.19\n2,135,709.67\n2,187,396.87\n2,221,755.34\n2,281,378.82\n2,281,748.45\nLiabilities to Other Financial Corporations\n2,600.12\n2,920.26\n6,906.82\n16,085.12\n19,885.58\n21,559.36\n32,602.91\n33,341.07\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\nRestricted Deposits\n83,202.55\n63,087.75\n58,609.87\n58,351.76\n51,411.94\n65,963.28\n41,991.83\n46,269.35\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\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-372,332.47\n-369,795.52\n-287,571.51\n-49,458.49\n-135,899.32\n-22,124.46\n44,953.48\n219,317.70\n297,075.34\n571,900.47\n846,089.55\n753,702.76\n1,199,451.00\nBroad Money-M3\n7,544,944.11\n7,531,614.16\n7,693,303.98\n7,822,578.65\n8,258,922.25\n8,843,359.83\n9,383,691.25\n9,496,936.45\n9,821,936.82\n9,763,493.41\n9,790,450.62\n10,009,905.27\n9,857,027.27\nSecurities Other than Shares Included in Broad Money\n65,056.19\n75,354.27\n77,311.81\n83,964.91\n88,015.27\n66,844.08\n89,499.33\n66,484.46\n52,419.97\n61,703.77\n50,864.73\n58,584.04\n59,302.10\nBroad Money-M2\n7,479,887.91\n7,456,259.89\n7,615,992.16\n7,738,613.74\n8,170,906.98\n8,776,515.75\n9,294,191.92\n9,430,452.00\n9,769,516.85\n9,701,789.65\n9,739,585.90\n9,951,321.23\n9,797,725.16\nOther Deposits\n1,453,958.89\n1,458,797.16\n1,490,952.43\n1,374,640.48\n1,442,460.95\n1,459,140.37\n1,501,520.77\n1,524,244.03\n1,488,981.24\n1,427,834.38\n1,430,427.17\n1,508,902.47\n1,466,797.51\nNarrow Money-M1\n6,025,929.03\n5,997,462.73\n6,125,039.73\n6,363,973.26\n6,728,446.03\n7,317,375.38\n7,792,671.15\n7,906,207.97\n8,280,535.61\n8,273,955.26\n8,309,158.73\n8,442,418.76\n8,330,927.65\nTransferable Deposits\n5,694,853.78\n5,665,622.98\n5,784,508.89\n6,016,373.81\n6,374,245.17\n6,938,172.87\n7,365,729.27\n7,444,516.45\n7,789,665.52\n7,792,430.08\n7,817,001.46\n7,940,376.20\n7,857,164.47\nCurrency Outside Depository Corporations\n331,075.25\n331,839.74\n340,530.85\n347,599.45\n354,200.86\n379,202.52\n426,941.88\n461,691.52\n490,870.09\n481,525.19\n492,157.27\n502,042.57\n473,763.18\nSource: Reserve Bank of Zimbabwe,2019\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\nTABLE 1: DEPOSITORY CORPORATIONS SURVEY (US$ '000)\n \n \n \n14 \n \n \nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nMOM \nNet Foreign Assets\n-1,184,176.73\n-1,238,013.30\n-1,469,367.91\n-1,454,496.55\n-1,468,598.27\n-1,217,451.12\n-1,275,444.50 -1,513,864.28 -1,555,285.99 -1,455,053.24 -1,541,066.06 -1,758,219.23 -1,766,538.71\n-8,319.48\nClaims on Non Residents\n296,246.77\n293,630.88\n253,622.18\n257,569.81\n314,006.88\n510,355.35\n528,307.45\n290,596.25\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n303,248.18\n7,282.52\nOfficial Reserves Assets\n158,151.02\n155,811.96\n151,870.93\n148,866.28\n203,306.89\n163,434.94\n180,936.77\n189,263.65\n136,268.14\n153,107.92\n137,602.74\n86,950.64\n80,847.73\n-6,102.91\nOther Foreign Assets\n138,095.75\n137,818.91\n101,751.25\n108,703.53\n110,699.99\n346,920.41\n347,370.68\n101,332.60\n101,582.56\n102,375.02\n110,077.40\n209,015.01\n222,400.44\n13,385.43\nLess Liabilities to Non Residents\n1,480,423.50\n1,531,644.18\n1,722,990.09\n1,712,066.36\n1,782,605.15\n1,727,806.48\n1,803,751.95\n1,804,460.53\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\n15,602.00\nShort Term Liabilities\n983,052.84\n1,033,413.81\n1,224,423.97\n1,213,571.58\n1,284,003.16\n1,229,630.31\n1,303,458.23 1,303,461.16 1,291,247.23 1,207,367.88 1,300,370.95 1,563,599.81 1,574,674.14\n11,074.33\nOther Foreign Liabilities\n497,370.66\n498,230.37\n498,566.12\n498,494.78\n498,601.99\n498,176.16\n500,293.72\n500,999.37\n501,889.46\n503,168.29\n488,375.25\n490,585.08\n495,112.75\n4,527.67\nNet Domestic Assets (NDA)\n3,659,970.31\n3,543,535.61\n3,791,063.48\n3,672,870.69\n3,825,066.36\n3,730,783.67\n4,065,390.03 4,481,716.72 4,447,028.54 4,315,628.88 4,676,984.28 5,016,440.09 4,795,543.60 -220,896.49\nDomestic Claims\n4,407,396.99\n4,440,150.98\n4,733,231.32\n4,949,000.69\n5,100,533.66\n5,420,856.73\n6,026,539.60 6,509,710.94 6,826,230.06 6,991,768.06 7,189,089.87 7,598,696.62 7,999,682.43\n400,985.81\nNet Claims on Central Government\n3,961,641.96\n3,980,727.56\n4,274,869.27\n4,468,884.32\n4,645,258.05\n4,919,591.70\n5,444,671.63 5,907,750.89 6,261,510.96 6,394,998.92 6,578,607.86 6,983,331.70 7,397,211.76\n413,880.06\nClaims on Central Government\n4,002,809.96\n4,073,776.80\n4,316,965.46\n4,510,854.75\n4,687,116.02\n4,961,290.78\n5,486,379.33\n5,949,540.54\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,438,578.19\n413,925.43\nOf which: Securities Other than Shares\n1,481,110.28\n1,479,552.84\n1,546,995.94\n1,560,622.17\n1,597,939.74\n1,655,951.61\n1,767,970.98 2,124,232.15 2,107,570.78 2,109,129.00 2,073,611.90 2,062,178.19 2,377,373.84\n315,195.66\nLoans\n2,521,699.68\n2,594,223.95\n2,769,969.52\n2,950,232.58\n3,089,176.28\n3,305,339.17\n3,718,408.35\n3,825,308.38\n4,195,635.11\n4,327,555.56\n4,546,326.96\n4,962,474.58\n5,061,204.35\n98,729.77\n Loans and Advances\n2,246,782.40\n2,319,307.01\n2,495,052.07\n2,677,530.89\n2,816,474.69\n3,032,637.59\n3,445,708.69 3,552,608.66 3,925,152.95 3,092,815.50 3,259,847.32 3,618,214.10 3,632,085.91\n13,871.81\n Legacy Debt\n274,917.28\n274,916.94\n274,917.46\n272,701.69\n272,701.59\n272,701.58\n272,699.66\n272,699.72\n270,482.16\n270,483.94\n270,476.30\n271,144.05\n291,998.61\n20,854.56\n Export Incentives\n356,286.07\n379,271.46\n416,035.49\n477,611.93\n530,141.11\n657,961.30\n685,670.05\n760,667.33\n878,452.43\n964,256.12\n1,016,003.35\n1,073,116.43\n1,137,119.83\n64,003.40\nLess Liabilities to Central Government\n41,168.00\n93,049.24\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n45.37\nOf which: Deposits\n41,168.00\n93,049.24\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n45.37\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\n0.00\nClaims on Other Sectors\n445,755.03\n459,423.42\n458,362.05\n480,116.36\n455,275.61\n501,265.03\n581,867.98\n601,960.04\n564,719.10\n596,769.14\n610,482.01\n615,364.93\n602,470.67\n-12,894.25\nOther Financial Corporations\n19,721.47\n21,217.48\n22,351.28\n27,040.76\n23,338.60\n25,383.43\n89,858.36\n90,693.36\n93,173.28\n95,076.36\n92,865.03\n104,283.41\n109,152.02\n4,868.61\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\n0.00\nPublic Non Financial Corporations\n411,830.12\n423,982.23\n420,051.27\n438,650.07\n412,530.77\n456,059.23\n471,658.22\n488,482.00\n450,432.88\n480,359.88\n496,226.90\n489,746.16\n476,287.89\n-13,458.27\nPrivate Sector\n14,203.44\n14,223.70\n15,959.49\n14,425.53\n19,406.23\n19,822.36\n20,351.40\n22,784.69\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\n-4,304.59\nClaims on Other Depository Corporations\n204,516.36\n207,966.83\n215,726.13\n160,379.82\n270,870.78\n289,295.02\n301,846.44\n306,132.79\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n24,596.78\nOf which: Loans\n204,516.36\n207,966.83\n215,726.13\n160,379.82\n270,870.78\n289,295.02\n301,846.44\n306,132.79\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n24,596.78\nOther Liabilities to ODCs\n725,157.20\n894,833.23\n957,558.02\n1,227,106.07\n1,351,211.59\n1,762,290.93\n1,996,438.50 2,054,141.40 2,395,312.12 2,682,243.65 2,626,664.31 2,739,770.63 3,367,888.49\n628,117.86\nOf which: Aftrades Balances\n434,271.39\n392,081.59\n392,086.59\n393,049.36\n393,054.36\n445,143.93\n463,755.70\n489,416.24\n483,497.99\n388,000.00\n388,000.00\n388,000.00\n388,000.00\n0.00\n Securities\n239,009.68\n433,102.50\n492,624.92\n726,718.83\n844,572.29\n1,181,913.83\n1,425,661.22\n1,486,721.94\n1,823,973.56\n2,083,075.39\n1,964,016.64\n2,135,541.16\n2,726,599.60\n591,058.44\nOther Items(Net)\n226,785.84\n209,748.97\n200,335.95\n209,403.74\n195,126.49\n217,077.15\n266,557.51\n279,985.61\n290,045.02\n310,072.68\n264,615.13\n236,221.85\n254,583.08\n18,361.22\nShares and Other Equity\n331,769.05\n339,808.29\n340,070.83\n350,685.43\n351,770.33\n360,766.36\n433,728.61\n444,671.00\n454,134.87\n466,363.60\n467,391.73\n475,653.19\n464,456.24\n-11,196.95\nOther Items(Net)\n-188,185.76\n-193,147.08\n-198,344.74\n-199,633.45\n-208,055.78\n-209,652.49\n-209,162.93\n-210,954.74\n-210,281.05\n-224,343.90\n-219,916.07\n-260,446.06\n-226,959.59\n33,486.47\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\n0.00\nDeposits and Securities Excluded from Base Money\n83,202.55\n63,087.75\n58,609.87\n58,351.76\n51,411.94\n65,963.28\n41,991.83\n46,269.35\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\n-3,928.29\nMonetary Base Incl. foreign currency clearing balances\nMonetary Base \n2,475,793.57\n2,305,522.30\n2,321,695.57\n2,218,374.14\n2,356,468.08\n2,513,332.55\n2,789,945.53 2,967,852.44 2,891,742.55 2,860,575.65 3,135,918.22 3,258,220.86 3,029,004.88 -229,215.98\nBond Coins\n63,474.09\n62,494.37\n68,055.24\n73,367.25\n79,420.27\n80,593.64\n80,812.71\n84,872.46\n86,177.94\n86,521.28\n86,507.82\n86,558.34\n86,671.08\n112.74\nBond Notes\n291,016.99\n289,314.98\n289,183.09\n289,120.92\n288,935.32\n307,595.14\n366,738.89\n399,951.59\n422,933.66\n434,935.71\n436,225.70\n435,985.12\n436,131.63\n146.50\nLiabilities to ODCs\n2,071,823.24\n1,908,121.60\n1,920,236.39\n1,813,681.70\n1,924,872.37\n2,112,051.33\n2,294,108.09 2,406,600.92 2,296,266.80 2,282,181.13 2,545,140.17 2,718,472.21 2,431,429.69 -287,042.52\nReserve Deposits\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n399,643.22\n393,439.26\n395,649.57\n2,210.31\nOther\n2,071,823.24\n1,908,121.60\n1,920,236.39\n1,813,681.70\n1,924,872.37\n2,112,051.33\n2,294,108.09 2,406,600.92 2,296,266.80 2,282,181.13 2,145,496.95 2,325,032.95 2,035,780.12 -289,252.83\nPrivate Deposits\n49,479.26\n45,591.35\n44,220.86\n42,204.27\n63,240.13\n13,092.44\n48,285.84\n76,427.47\n86,364.15\n56,937.52\n68,044.53\n17,205.18\n74,772.49\n57,567.30\nSource: Reserve Bank of Zimbabwe,2019\nTABLE 2: CENTRAL BANK SURVEY (US$'000)\n \n \n \n15 \n \n \nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nNet Foreign Assets\n-186,085.23\n-180,246.89\n-163,544.10\n-191,346.21\n-257,333.28\n-290,766.49\n-224,241.66\n-290,736.16\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\nClaims on Non Residents\n261,618.30\n258,085.28\n297,434.24\n261,946.07\n296,836.55\n263,405.79\n320,981.77\n244,837.54\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\nOf Which: Foreign Currency\n66,893.60\n46,795.21\n57,869.75\n61,873.54\n71,684.03\n58,497.99\n61,888.30\n72,330.74\n61,523.80\n70,410.81\n84,619.66\n94,485.74\n113,427.55\nDeposits\n193,840.58\n210,411.05\n238,758.58\n199,270.91\n224,360.39\n204,103.25\n206,979.87\n171,610.30\n237,075.06\n236,895.75\n273,677.73\n310,319.40\n307,770.08\nOther\n884.13\n879.01\n805.91\n801.63\n792.13\n804.54\n52,113.60\n896.50\n910.05\n900.29\n901.68\n1,043.27\n1,605.91\nLess Liabilities to Non Residents\n447,703.53\n438,332.17\n460,978.35\n453,292.29\n554,169.83\n554,172.27\n545,223.42\n535,573.70\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\nOf Which: Deposits\n61,969.26\n55,256.42\n85,081.69\n75,827.46\n77,458.35\n76,977.43\n71,906.41\n61,764.73\n91,213.72\n115,149.81\n86,609.01\n81,573.41\n81,808.20\nLoans\n385,734.27\n383,075.75\n375,896.65\n377,464.82\n476,711.48\n477,194.84\n473,317.01\n473,808.97\n468,303.36\n466,381.17\n456,731.58\n443,350.50\n448,882.19\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)\n7,350,474.82\n \n7,334,429.96\n \n7,472,096.38\n \n7,624,121.15\n \n8,098,814.54\n \n8,741,831.36\n \n9,132,705.19\n \n9,249,553.63\n9,504,710.75\n9,498,354.86\n9,414,390.34\n9,609,733.01\n9,416,378.45\nDomestic Claims\n6,089,519.31\n \n6,074,476.43\n \n6,266,910.56\n \n6,437,720.58\n \n6,745,532.52\n \n6,989,263.27\n \n7,168,985.87\n \n7,330,485.27\n7,336,573.99\n7,369,479.55\n7,453,866.93\n7,383,648.03\n7,269,272.57\nNet Claims on Central Government\n2,254,980.79\n \n2,236,425.85\n \n2,339,300.34\n \n2,476,778.04\n \n2,715,985.15\n \n2,783,534.43\n \n3,262,756.31\n \n3,337,486.31\n3,106,488.93\n3,058,372.68\n3,131,141.29\n3,009,005.06\n3,000,509.55\nClaims on Central Government\n2,362,310.40\n \n2,337,663.61\n \n2,453,993.46\n \n2,572,350.40\n \n2,823,354.57\n \n2,872,745.05\n \n3,295,887.08\n \n3,369,878.18\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\nSecurities\n2,335,991.08\n \n2,313,377.59\n \n2,434,830.12\n \n2,558,912.76\n \n2,814,916.90\n \n2,865,309.79\n \n3,291,375.03\n \n3,362,827.03\n3,145,693.06\n3,105,944.58\n3,172,866.99\n3,044,069.03\n3,038,282.27\nLoans\n26,319.33\n \n24,286.02\n \n19,163.34\n \n13,437.64\n \n8,437.68\n \n7,435.26\n \n4,512.05\n \n7,051.15\n5,423.50\n4,587.57\n6,988.90\n6,203.03\n4,413.55\nOther \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \nLess Liabilities to Central Government\n107,329.61\n \n101,237.76\n \n114,693.11\n \n95,572.36\n \n107,369.43\n \n89,210.62\n \n33,130.77\n \n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\nOf which: Deposits\n107,329.61\n \n101,237.76\n \n114,693.11\n \n95,572.36\n \n107,369.43\n \n89,210.62\n \n33,130.77\n \n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\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\n3,834,538.52\n \n3,838,050.58\n \n3,927,610.21\n \n3,960,942.53\n \n4,029,547.37\n \n4,205,728.83\n \n3,906,229.56\n \n3,992,998.96\n4,230,085.05\n4,311,106.88\n4,322,725.64\n4,374,642.97\n4,268,763.02\nOther Financial Corporations\n39,312.14\n \n41,416.20\n \n47,078.39\n \n47,272.71\n \n36,981.14\n \n42,406.27\n \n43,993.11\n \n51,283.01\n52,083.02\n54,398.03\n54,059.74\n52,327.23\n54,418.20\nState and Local Government\n55,046.17\n \n54,613.41\n \n48,750.40\n \n52,851.54\n \n51,746.27\n \n49,509.94\n \n54,356.85\n \n52,796.97\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\nPublic Non Financial Corporations\n178,716.82\n \n168,887.22\n \n150,967.31\n \n145,902.98\n \n159,350.37\n \n222,545.56\n \n181,987.35\n \n186,736.20\n257,375.31\n234,036.46\n263,061.19\n247,840.74\n283,738.23\nPrivate Sector\n3,561,463.40\n \n3,573,133.75\n \n3,680,814.12\n \n3,714,915.30\n \n3,781,469.60\n \n3,891,267.06\n \n3,625,892.25\n \n3,702,182.78\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\nClaims on the Central Bank\n2,551,893.63\n \n2,536,743.85\n \n2,474,448.22\n \n2,438,430.82\n \n2,557,149.58\n \n3,089,939.84\n \n3,471,170.30\n \n3,498,784.50\n3,799,833.82\n3,811,216.96\n3,726,890.73\n3,969,951.54\n3,950,061.19\nCurrency\n23,415.822\n \n19,969.614\n \n16,707.478\n \n14,888.726\n \n14,154.729\n \n8,986.260\n \n20,609.732\n \n23,132.54\n18,241.51\n39,931.81\n30,576.25\n20,500.90\n49,039.52\nOther Claims including Reserves\n2,528,477.81\n \n2,516,774.24\n \n2,457,740.74\n \n2,423,542.10\n \n2,542,994.86\n \n3,080,953.58\n \n3,450,560.57\n \n3,475,651.96\n3,781,592.32\n3,771,285.15\n3,696,314.48\n3,949,450.64\n3,901,021.67\nLiabilities to the Central Bank\n115,100.80\n \n111,232.81\n \n140,468.21\n \n82,369.89\n \n101,470.93\n \n119,810.71\n \n118,944.97\n \n136,950.59\n142,244.29\n147,588.60\n213,749.43\n229,588.29\n239,529.91\nOther Items(Net)\n1,175,837.32\n \n1,165,557.51\n \n1,128,794.20\n \n1,169,660.36\n \n1,102,396.63\n \n1,217,561.04\n \n1,388,506.01\n \n1,442,765.55\n1,489,452.77\n1,534,753.06\n1,552,617.90\n1,514,278.27\n1,563,425.41\nShares and Other Equity\n1,506,470.99\n \n1,528,732.27\n \n1,555,909.88\n \n1,542,636.03\n \n1,574,043.84\n \n1,632,378.01\n \n1,758,871.23\n \n1,795,060.19\n1,681,574.79\n1,721,033.27\n1,754,363.61\n1,805,725.63\n1,817,292.21\nLiabilities to other ressident sectors\n2,600.12\n \n2,920.26\n \n6,906.82\n \n16,085.12\n \n19,885.58\n \n21,559.36\n \n32,602.91\n \n33,341.07\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\nOther Items(Net)\n(333,233.80)\n \n(366,095.02)\n \n(434,022.51)\n \n(389,060.79)\n \n(491,532.80)\n \n(436,376.33)\n \n(402,968.13)\n \n-385,635.72\n-238,718.90\n-228,306.72\n-244,059.95\n-330,495.73\n-293,083.09\nDeposits and Securities Included in Broad Mone\n7,164,389.60\n \n7,154,183.07\n \n7,308,552.27\n \n7,432,774.94\n \n7,841,481.27\n \n8,451,064.87\n \n8,908,463.53\n \n8,958,817.46\n9,244,702.58\n9,225,030.71\n9,230,248.82\n9,490,657.52\n9,308,491.60\nDeposits Included in Broad Money\n7,099,333.40\n \n7,078,828.80\n \n7,231,240.46\n \n7,348,810.03\n \n7,753,466.00\n \n8,384,220.79\n \n8,818,964.20\n \n8,892,333.01\n \n9,192,282.61\n \n9,163,326.94\n \n9,179,384.09\n \n9,432,073.48\n \n9,249,189.49\n \nTransferable Deposits\n5,645,374.52\n5,620,031.64\n5,740,288.03\n5,974,169.54\n6,311,005.04\n6,925,080.42\n7,317,443.43\n7,368,088.98\n7,703,301.37\n7,735,492.56\n7,748,956.93\n7,923,171.01\n \n7,782,391.98\n \nMoney Market Instruments\n65,056.19\n \n75,354.27\n \n77,311.81\n \n83,964.91\n \n88,015.27\n \n66,844.08\n \n89,499.33\n \n66,484.46\n \n52,419.97\n \n61,703.77\n \n50,864.73\n \n58,584.04\n \n59,302.10\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( US '000)\n \n \n \n16 \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\nGovernment\n1 Governemt\nOther\n2\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\n2017\nJan\n20.2\n \n111.0\n \n1,455.0\n \n239.8\n \n132.7\n \n27.0\n1,654.5\n20.8\n15.4\n3.6\n15.9\n15.1\n69.2\n3,394.7\n57.5\n395.7\n383.4\n630.4\n8,642.1\nFeb\n19.3\n \n96.8\n \n1,488.5\n \n251.8\n \n145.1\n \n48.6\n1,714.0\n20.1\n15.5\n3.2\n15.0\n14.9\n68.9\n3,177.9\n236.8\n398.5\n400.0\n631.1\n8,746.0\nMar\n12.6\n \n66.4\n \n1,485.9\n \n260.5\n \n154.9\n \n53.5\n1,794.1\n18.7\n15.7\n3.8\n15.7\n15.7\n70.7\n3,460.5\n67.2\n422.4\n442.5\n635.1\n8,995.8\nApr\n10.7\n \n67.8\n \n1,495.2\n \n249.4\n \n219.3\n \n51.4\n1,954.0\n17.8\n15.8\n3.6\n15.8\n16.9\n74.5\n3,449.5\n24.6\n489.1\n398.8\n644.6\n9,199.0\nMay\n13.4\n \n56.9\n \n1,492.4\n \n272.5\n \n170.2\n \n75.3\n1,968.9\n20.3\n15.7\n33.6\n16.7\n16.3\n72.9\n3,447.8\n82.4\n486.1\n421.7\n644.4\n9,307.6\nJun\n7.4\n \n57.1\n \n1,674.9\n \n350.3\n \n92.1\n \n110.6\n2,014.2\n19.0\n16.0\n35.0\n47.9\n16.5\n82.9\n3,494.3\n92.8\n533.5\n408.9\n649.6\n9,702.8\nJul\n7.1\n \n45.2\n \n1,807.4\n \n302.3\n \n63.1\n \n103.6\n1,982.8\n17.2\n26.1\n34.4\n45.2\n16.9\n116.8\n3,417.1\n86.8\n513.6\n432.9\n635.8\n9,654.3\nAug\n12.3\n \n40.6\n \n2,061.9\n \n276.6\n \n165.3\n \n7.9\n2,100.9\n16.3\n26.3\n64.6\n41.3\n18.0\n145.5\n3,494.5\n78.6\n531.8\n403.7\n639.5\n10,125.5\nSep\n12.0\n \n38.1\n \n2,110.4\n \n226.8\n \n179.7\n \n31.3\n2,248.9\n16.1\n23.5\n65.0\n41.5\n15.6\n118.8\n3,554.4\n78.0\n472.8\n415.6\n655.1\n10,303.5\nOct\n8.7\n \n41.8\n \n2,139.3\n \n254.1\n \n190.8\n \n61.0\n2,372.1\n15.4\n24.4\n65.1\n34.8\n17.8\n99.6\n3,599.1\n82.0\n432.4\n459.3\n667.3\n10,564.9\nNov\n9.8\n \n46.1\n \n2,315.5\n \n289.8\n \n184.2\n \n74.3\n2,487.7\n18.8\n23.5\n65.4\n32.3\n19.6\n107.3\n3,608.7\n76.8\n417.7\n505.6\n672.5\n10,955.5\nDec\n12.6\n \n58.1\n \n2,592.0\n \n276.0\n \n213.4\n \n66.6\n2,397.2\n26.8\n23.5\n66.3\n29.4\n19.4\n145.5\n3,581.3\n92.2\n508.3\n509.3\n699.9\n11,317.7\n2018\nJan\n23.4\n \n66.9\n \n2,528.5\n \n291.2\n \n111.9\n \n81.9\n2,336.0\n34.5\n23.5\n65.9\n26.3\n20.6\n155.3\n3,461.2\n74.6\n501.0\n457.8\n700.8\n10,961.1\nFeb\n20.0\n \n46.8\n \n2,516.8\n \n347.6\n \n114.2\n \n96.2\n2,313.4\n33.5\n23.5\n66.1\n24.3\n21.1\n145.4\n3,527.1\n22.2\n507.8\n434.5\n697.8\n10,958.3\nMar\n16.7\n \n57.9\n \n2,457.7\n \n312.8\n \n139.2\n \n99.5\n2,434.8\n32.8\n23.5\n66.7\n19.2\n15.9\n127.5\n3,637.8\n24.2\n504.1\n487.4\n710.3\n11,168.1\nApr\n14.9\n \n61.9\n \n2,423.5\n \n337.0\n \n120.8\n \n78.5\n2,558.9\n32.0\n24.7\n67.0\n13.4\n20.9\n121.2\n3,674.0\n22.1\n532.0\n459.2\n715.7\n11,277.5\nMay\n14.2\n \n71.7\n \n2,543.0\n \n477.8\n \n138.6\n \n85.7\n2,814.9\n30.9\n25.0\n66.9\n8.4\n20.9\n134.4\n3,740.3\n12.0\n458.9\n457.2\n718.2\n11,819.1\nJun\n9.0\n \n58.5\n \n3,081.0\n \n509.8\n \n120.0\n \n84.1\n2,865.3\n30.1\n26.2\n66.5\n7.4\n19.4\n196.4\n3,829.3\n38.6\n551.4\n448.1\n730.7\n12,671.8\nJul\n20.6\n \n61.9\n \n3,450.6\n \n466.4\n \n111.6\n \n95.4\n3,291.4\n33.3\n0.0\n67.5\n4.5\n21.0\n182.0\n3,500.6\n153.9\n611.4\n472.5\n732.0\n13,276.5\nAug\n23.1\n \n72.3\n \n3,475.7\n \n377.8\n \n105.3\n \n66.3\n3,362.8\n32.2\n0.0\n67.3\n7.1\n20.6\n186.7\n3,585.1\n102.0\n647.7\n489.9\n736.1\n13,358.0\nSep\n18.2\n \n61.5\n \n3,781.6\n \n398.1\n \n159.1\n \n78.0\n3,145.7\n31.2\n45.2\n68.1\n5.4\n20.4\n212.2\n3,734.2\n119.7\n637.4\n527.8\n742.6\n13,786.4\nOct\n39.9\n \n70.4\n \n3,771.3\n \n368.3\n \n185.5\n \n51.4\n3,105.9\n30.2\n45.2\n68.4\n4.6\n9.4\n188.8\n3,838.0\n132.0\n647.5\n537.8\n743.0\n13,837.7\nNov\n30.6\n \n84.6\n \n3,696.3\n \n300.6\n \n209.8\n \n63.9\n3,172.9\n28.9\n45.2\n68.7\n7.0\n8.1\n217.7\n3,813.2\n141.9\n633.2\n581.9\n742.4\n13,846.8\nDec\n20.5\n \n94.5\n \n3,949.5\n \n439.6\n \n235.5\n \n74.8\n3,044.1\n28.0\n43.4\n69.2\n6.2\n9.2\n204.3\n3,870.5\n151.2\n573.8\n612.5\n812.4\n14,239.0\n2019\nJan\n49.0\n \n113.4\n \n3,901.0\n \n401.9\n \n261.6\n \n46.1\n3,038.3\n27.3\n94.6\n68.7\n4.4\n8.1\n189.2\n3,773.5\n109.1\n517.2\n592.3\n827.7\n14,023.5\nSource:Reserve Bank of Zimbabwe,2019\nNotes\n1.Government securities includes treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\n3.Includes households, other financial corporations.\nPublic \nEnterprises\nTABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n17 \n \n \nDebt Securities Foreign Liabilities\nCapital\nContigent\nOther\nTOTAL\nand\nLiablities\nLiablities\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Jan\n3,263.8\n720.5\n1,544.9\n5,529.3\n429.8\n53.1\n6,012.2\n50.6\n271.2\n0.0\n104.5\n41.1\n1,360.2\n395.7\n406.6\n8,642.1\n Feb\n3,325.9\n722.0\n1,552.6\n5,600.5\n426.0\n55.3\n6,081.7\n59.3\n270.8\n0.0\n126.1\n43.4\n1,365.8\n398.5\n400.4\n8,746.0\n Mar\n3,429.2\n715.7\n1,529.9\n5,674.7\n461.0\n86.9\n6,222.6\n60.2\n249.6\n1.8\n134.9\n41.9\n1,426.8\n422.4\n435.7\n8,995.8\n Apr\n3,555.8\n813.7\n1,530.7\n5,900.2\n450.9\n76.2\n6,427.3\n63.3\n251.1\n0.0\n117.4\n41.9\n1,382.2\n489.1\n426.7\n9,199.0\n May\n3,593.7\n798.7\n1,558.4\n5,950.8\n454.6\n75.1\n6,480.5\n61.4\n243.5\n0.0\n95.2\n42.2\n1,448.6\n486.1\n450.1\n9,307.6\n Jun\n3,851.4\n825.6\n1,538.9\n6,215.9\n497.6\n73.7\n6,787.2\n65.7\n259.5\n0.0\n108.9\n46.6\n1,455.9\n533.5\n445.6\n9,702.8\n Jul\n3,845.0\n837.2\n1,600.1\n6,282.3\n503.0\n78.1\n6,863.3\n66.3\n162.2\n0.0\n99.5\n35.6\n1,463.2\n513.6\n450.7\n9,654.3\n Aug\n4,257.2\n927.5\n1,604.9\n6,789.6\n451.2\n88.3\n7,329.1\n71.1\n158.2\n0.0\n79.1\n22.8\n1,478.4\n531.8\n454.9\n10,125.5\n Sep\n4,622.2\n932.4\n1,571.4\n7,126.0\n383.4\n55.2\n7,564.6\n55.8\n151.1\n0.0\n67.4\n32.1\n1,494.5\n472.8\n465.2\n10,303.5\n Oct\n4,825.8\n1,010.8\n1,460.8\n7,297.4\n410.7\n43.1\n7,751.2\n63.0\n153.9\n0.0\n73.1\n42.0\n1,537.5\n432.4\n511.7\n10,564.9\n Nov\n5,090.7\n1,047.9\n1,450.2\n7,588.7\n454.9\n34.7\n8,078.3\n66.5\n151.3\n0.0\n84.5\n60.2\n1,562.7\n417.7\n534.3\n10,955.5\n Dec\n5,144.5\n1,127.4\n1,401.7\n7,673.6\n407.8\n94.6\n8,176.0\n68.6\n173.1\n113.7\n100.7\n6.2\n1,663.1\n508.3\n508.1\n11,317.7\n2018\nJan\n4,640.2\n1,008.1\n1,454.0\n7,102.2\n406.5\n107.3\n7,616.1\n65.1\n444.8\n115.1\n49.1\n2.6\n1,645.3\n501.0\n522.1\n10,961.1\nFeb\n4,633.7\n989.2\n1,458.8\n7,081.7\n418.7\n101.2\n7,601.7\n75.4\n435.4\n111.2\n92.8\n2.9\n1,620.1\n507.8\n511.0\n10,958.3\nMar\n4,732.9\n1,007.5\n1,491.0\n7,231.4\n365.0\n114.7\n7,711.0\n77.3\n460.8\n140.5\n89.2\n6.9\n1,654.7\n504.1\n523.4\n11,168.1\nApr\n4,907.7\n1,066.6\n1,374.6\n7,349.0\n387.8\n95.6\n7,832.3\n84.0\n453.1\n82.4\n68.8\n16.1\n1,641.9\n532.0\n567.0\n11,277.5\nMay\n5,172.9\n1,138.2\n1,442.5\n7,753.6\n442.8\n107.4\n8,303.8\n88.0\n554.0\n101.5\n94.9\n19.9\n1,671.5\n458.9\n526.5\n11,819.1\nJune\n5,650.6\n1,274.7\n1,459.1\n8,384.4\n438.0\n89.2\n8,911.6\n66.8\n554.0\n119.8\n173.4\n21.6\n1,707.5\n551.4\n565.7\n12,671.8\nJuly\n5,902.3\n1,415.3\n1,501.5\n8,819.1\n424.4\n33.1\n9,276.7\n89.5\n545.1\n118.9\n132.9\n32.6\n1,846.0\n611.4\n623.4\n13,276.5\nAug\n6,005.7\n1,362.6\n1,524.2\n8,892.5\n399.6\n32.4\n9,324.5\n66.5\n535.4\n137.0\n119.5\n33.3\n1,882.9\n647.7\n611.2\n13,358.0\nSep\n6,281.7\n1,421.8\n1,489.0\n9,192.4\n439.0\n44.6\n9,676.1\n52.4\n559.4\n142.2\n129.1\n46.6\n1,913.4\n637.4\n629.7\n13,786.4\nOct\n6,345.7\n1,390.0\n1,427.8\n9,163.5\n435.2\n52.2\n9,650.8\n61.7\n581.4\n147.6\n93.4\n42.0\n1,957.6\n647.5\n655.7\n13,837.7\nNov\n6,419.8\n1,329.4\n1,430.4\n9,179.6\n366.8\n48.7\n9,595.1\n50.9\n543.1\n213.7\n74.8\n42.3\n1,991.6\n633.2\n702.1\n13,846.8\nDec\n6,601.1\n1,322.2\n1,508.9\n9,432.2\n394.5\n41.3\n9,868.0\n58.6\n524.7\n229.6\n187.8\n39.0\n2,057.7\n573.8\n699.7\n14,239.0\n2019\nJan\n6,626.6\n1,155.9\n1,466.8\n9,249.4\n381.0\n42.2\n9,672.5\n59.3\n530.5\n239.5\n188.3\n39.2\n2,047.0\n517.2\n729.8\n14,023.5\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES \nDeposits\nAmounts Owing to\nUS$ millions\n \n \n \n18 \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\nGovernment\n1\nLocal Governemt\nPublic Enterprises\nOther\n2\nGovernment\nGovernment\nEnterprises\n Institutional Units\n3\nOther claims\nAssets\nOther Assets\nAssets\nCoins\nCoin\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJan\n17.7\n \n103.8\n \n1,322.4\n \n81.9\n \n128.2\n \n27.0\n \n1,485.0\n \n-\n \n15.4\n \n3.6\n \n15.9\n \n15.1\n \n68.6\n \n2,467.7\n \n53.9\n \n395.7\n \n251.9\n \n479.3\n \n6,933.1\n \nFeb\n16.3\n \n89.4\n \n1,396.1\n \n96.1\n \n137.3\n \n48.6\n \n1,502.5\n \n-\n \n15.5\n \n3.2\n \n15.0\n \n14.9\n \n68.2\n \n2,238.9\n \n239.7\n \n398.5\n \n266.0\n \n480.1\n \n7,026.4\n \nMar\n10.7\n \n63.3\n \n1,421.4\n \n83.2\n \n150.7\n \n53.5\n \n1,578.7\n \n-\n \n15.7\n \n3.8\n \n15.7\n \n15.7\n \n69.9\n \n2,554.3\n \n23.7\n \n422.4\n \n314.5\n \n484.0\n \n7,281.0\n \nApr\n9.8\n \n64.1\n \n1,383.4\n \n75.9\n \n209.0\n \n51.4\n \n1,744.4\n \n-\n \n15.8\n \n3.6\n \n15.8\n \n16.9\n \n74.0\n \n2,493.3\n \n26.4\n \n489.1\n \n263.7\n \n492.6\n \n7,429.3\n \nMay\n12.4\n \n52.6\n \n1,376.3\n \n119.9\n \n159.1\n \n75.3\n \n1,739.8\n \n-\n \n15.7\n \n33.6\n \n16.7\n \n16.3\n \n72.4\n \n2,528.3\n \n28.4\n \n486.1\n \n290.7\n \n492.0\n \n7,515.6\n \nJun\n7.0\n \n53.3\n \n1,578.5\n \n141.4\n \n82.2\n \n110.6\n \n1,786.8\n \n-\n \n16.0\n \n35.0\n \n47.9\n \n16.5\n \n82.2\n \n2,583.5\n \n23.9\n \n533.5\n \n273.6\n \n497.3\n \n7,869.2\n \nJul\n6.7\n \n40.9\n \n1,684.5\n \n137.6\n \n53.7\n \n103.6\n \n1,752.4\n \n-\n \n26.1\n \n34.4\n \n45.2\n \n16.9\n \n116.3\n \n2,495.4\n \n24.2\n \n513.6\n \n295.5\n \n482.1\n \n7,829.0\n \nAug\n11.8\n \n37.1\n \n1,882.4\n \n124.3\n \n161.2\n \n7.9\n \n1,856.2\n \n-\n \n26.3\n \n64.6\n \n41.3\n \n18.0\n \n145.0\n \n2,538.1\n \n23.8\n \n531.8\n \n272.6\n \n485.7\n \n8,228.1\n \nSep\n11.4\n \n35.8\n \n1,961.8\n \n109.6\n \n172.7\n \n31.3\n \n1,998.0\n \n-\n \n23.5\n \n65.0\n \n41.5\n \n15.6\n \n118.2\n \n2,585.7\n \n28.3\n \n472.8\n \n281.3\n \n487.7\n \n8,440.0\n \nOct\n8.1\n \n40.5\n \n1,961.8\n \n143.7\n \n175.7\n \n61.0\n \n2,106.6\n \n-\n \n24.4\n \n65.1\n \n34.8\n \n17.8\n \n99.1\n \n2,607.0\n \n29.4\n \n432.4\n \n287.8\n \n508.9\n \n8,604.1\n \nNov\n9.0\n \n45.1\n \n2,126.7\n \n161.1\n \n174.7\n \n74.3\n \n2,230.4\n \n-\n \n23.5\n \n65.4\n \n32.3\n \n19.6\n \n106.9\n \n2,618.1\n \n26.4\n \n417.7\n \n324.2\n \n511.4\n \n8,966.9\n \nDec\n11.4\n \n55.3\n \n2,373.9\n \n141.5\n \n203.5\n \n66.6\n \n2,128.7\n \n-\n \n23.5\n \n66.3\n \n29.4\n \n19.4\n \n145.0\n \n2,579.8\n \n40.0\n \n508.3\n \n324.5\n \n536.4\n \n9,253.6\n \n2018\nJan\n22.4\n \n64.1\n \n2,294.5\n \n192.1\n \n103.4\n \n81.9\n \n2,143.2\n \n-\n \n23.5\n \n65.9\n \n26.3\n \n20.6\n \n154.8\n \n2,451.1\n \n28.7\n \n501.0\n \n294.2\n \n538.9\n \n9,006.6\n \nFeb\n18.3\n \n44.0\n \n2,296.8\n \n223.7\n \n108.3\n \n96.2\n \n2,109.3\n \n-\n \n23.5\n \n66.1\n \n24.3\n \n21.1\n \n145.0\n \n2,461.5\n \n28.7\n \n507.8\n \n290.6\n \n536.3\n \n9,001.5\n \nMar\n14.8\n \n53.6\n \n2,238.8\n \n240.7\n \n124.5\n \n99.5\n \n2,164.0\n \n-\n \n23.5\n \n66.7\n \n19.2\n \n15.9\n \n127.1\n \n2,535.8\n \n30.4\n \n504.1\n \n325.8\n \n552.3\n \n9,136.6\n \nApr\n13.5\n \n56.7\n \n2,207.9\n \n275.0\n \n116.7\n \n78.5\n \n2,314.9\n \n-\n \n24.7\n \n67.0\n \n13.4\n \n20.9\n \n120.8\n \n2,519.8\n \n28.3\n \n532.0\n \n299.0\n \n554.9\n \n9,244.0\n \nMay\n12.9\n \n62.8\n \n2,309.0\n \n339.5\n \n130.1\n \n85.7\n \n2,562.4\n \n-\n \n25.0\n \n66.9\n \n8.4\n \n20.9\n \n134.0\n \n2,556.2\n \n23.9\n \n458.9\n \n307.9\n \n555.3\n \n9,659.8\n \nJune\n7.5\n \n52.6\n \n2,848.5\n \n331.8\n \n117.3\n \n84.1\n \n2,538.3\n \n-\n \n26.2\n \n66.5\n \n7.4\n \n19.4\n \n196.0\n \n2,662.2\n \n25.5\n \n551.4\n \n302.9\n \n563.4\n \n10,401.0\n \nJuly\n17.9\n \n54.3\n \n3,189.6\n \n281.1\n \n109.3\n \n95.4\n \n2,949.2\n \n-\n \n-\n \n67.5\n \n4.5\n \n21.0\n \n182.0\n \n2,414.6\n \n26.0\n \n611.4\n \n322.5\n \n565.1\n \n10,911.4\n \nAug\n21.0\n \n67.8\n \n3,196.7\n \n232.3\n \n102.5\n \n66.3\n \n3,014.9\n \n-\n \n-\n \n67.3\n \n7.1\n \n20.6\n \n186.7\n \n2,491.0\n \n29.8\n \n647.7\n \n329.4\n \n566.3\n \n11,047.4\n \nSep\n16.3\n \n58.2\n \n3,487.9\n \n305.3\n \n137.8\n \n78.0\n \n2,789.8\n \n-\n \n45.2\n \n68.1\n \n5.4\n \n20.4\n \n212.2\n \n2,577.1\n \n36.7\n \n637.4\n \n357.4\n \n571.8\n \n11,405.0\n \nOct\n33.1\n \n68.0\n \n3,505.8\n \n272.1\n \n173.1\n \n51.4\n \n2,728.8\n \n-\n \n45.2\n \n68.4\n \n4.6\n \n9.4\n \n188.8\n \n2,697.4\n \n38.7\n \n647.5\n \n353.2\n \n569.2\n \n11,454.9\n \nNov\n25.8\n \n81.4\n \n3,384.4\n \n264.6\n \n198.2\n \n63.9\n \n2,793.9\n \n-\n \n45.2\n \n68.7\n \n7.0\n \n8.1\n \n217.7\n \n2,672.3\n \n46.1\n \n633.2\n \n406.6\n \n569.8\n \n11,486.9\n \nDec\n18.2\n \n89.9\n \n3,737.0\n \n317.3\n \n224.4\n \n74.8\n \n2,633.7\n \n-\n \n43.4\n \n69.2\n \n6.2\n \n9.2\n \n204.3\n \n2,707.6\n \n53.7\n \n573.8\n \n406.2\n \n633.9\n \n11,802.7\n \n2019\nJan\n42.05\n \n106.91\n \n3,766.70\n \n338.09\n \n249.77\n \n46.14\n \n2,621.20\n \n-\n \n61.02\n \n68.66\n \n4.41\n \n8.06\n \n189.15\n \n2,594.53\n \n33.84\n \n517.24\n \n428.82\n \n649.94\n \n11,726.5\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 5.1: COMMERCIAL BANKS -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n19 \n \n \nUS$ millions\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \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\n2017\n Jan\n3,205.0\n317.1\n981.8\n4,503.9\n348.3\n30.4\n4,882.6\n36.9\n242.1\n0.0\n38.0\n40.4\n1,005.1\n395.7\n292.2\n6,933.1\n Feb\n3,267.0\n318.3\n977.1\n4,562.4\n349.8\n32.6\n4,944.9\n47.5\n243.9\n0.0\n63.7\n42.9\n1,007.7\n398.5\n277.4\n7,026.4\n Mar\n3,370.3\n313.3\n965.3\n4,648.9\n390.8\n64.2\n5,103.9\n50.6\n225.6\n1.8\n66.3\n41.5\n1,061.6\n422.4\n307.3\n7,281.0\n Apr\n3,496.9\n328.5\n960.8\n4,786.1\n380.3\n54.3\n5,220.7\n52.8\n228.3\n0.0\n63.3\n41.7\n1,034.4\n489.1\n299.0\n7,429.3\n May\n3,534.8\n331.2\n979.7\n4,845.7\n384.0\n53.4\n5,283.1\n50.8\n220.4\n0.0\n29.0\n41.9\n1,092.7\n486.1\n311.6\n7,515.6\n Jun\n3,792.5\n332.7\n949.8\n5,075.1\n423.9\n51.7\n5,550.7\n54.9\n237.5\n0.0\n43.7\n45.8\n1,095.2\n533.5\n308.0\n7,869.2\n Jul\n3,786.1\n326.0\n1,021.7\n5,133.8\n432.5\n56.2\n5,622.6\n55.3\n140.0\n0.0\n42.2\n35.3\n1,096.8\n513.6\n323.2\n7,829.0\n Aug\n4,198.3\n342.7\n1,010.3\n5,551.4\n380.7\n66.3\n5,998.3\n58.3\n136.9\n0.0\n41.8\n22.5\n1,116.1\n531.8\n322.4\n8,228.1\n Sep\n4,561.7\n355.5\n1,003.7\n5,921.0\n303.1\n32.7\n6,256.8\n42.3\n133.7\n0.0\n50.4\n31.9\n1,129.8\n472.8\n322.3\n8,440.0\n Oct\n4,771.6\n340.7\n927.8\n6,040.2\n329.8\n21.1\n6,391.1\n50.8\n127.5\n0.0\n52.5\n41.7\n1,167.6\n432.4\n340.5\n8,604.1\n Nov\n5,036.5\n380.1\n918.9\n6,335.5\n349.5\n12.7\n6,697.6\n54.0\n124.7\n0.0\n61.8\n59.9\n1,189.6\n417.7\n361.6\n8,966.9\n Dec\n5,143.9\n409.2\n850.3\n6,403.4\n302.6\n72.1\n6,778.1\n56.5\n147.2\n113.7\n78.0\n5.7\n1,205.7\n508.3\n360.4\n9,253.6\n2018\nJan\n4,640.2\n369.3\n903.3\n5,912.7\n301.3\n85.0\n6,299.0\n53.6\n418.7\n115.1\n26.2\n2.4\n1,205.0\n501.0\n385.6\n9,006.6\nFeb\n4,633.7\n375.8\n920.2\n5,929.7\n298.5\n78.6\n6,306.8\n58.1\n409.1\n111.2\n59.1\n2.4\n1,174.8\n507.8\n372.1\n9,001.5\nMar\n4,732.9\n368.8\n930.7\n6,032.4\n244.7\n92.4\n6,369.5\n61.1\n419.5\n140.5\n54.8\n6.4\n1,196.4\n504.1\n384.3\n9,136.6\nApr\n4,907.7\n394.4\n874.8\n6,176.9\n243.4\n72.8\n6,493.1\n67.4\n413.5\n82.4\n35.2\n15.7\n1,201.5\n532.0\n403.4\n9,244.0\nMay\n5,172.9\n416.2\n917.2\n6,506.3\n246.2\n85.2\n6,837.7\n66.8\n514.1\n101.5\n63.7\n19.4\n1,224.6\n458.9\n373.2\n9,659.8\nJun\n5,650.6\n504.3\n897.4\n7,052.2\n254.8\n66.9\n7,373.9\n45.0\n514.7\n119.8\n116.5\n21.1\n1,259.1\n551.4\n399.5\n10,401.0\nJul\n5,902.3\n527.0\n901.0\n7,330.3\n296.0\n12.2\n7,638.4\n72.0\n507.6\n118.9\n102.5\n16.8\n1,380.1\n611.4\n463.6\n10,911.4\nAug\n6,005.7\n540.8\n930.8\n7,477.3\n266.6\n11.5\n7,755.3\n46.4\n501.5\n137.0\n101.3\n15.4\n1,408.6\n647.7\n434.3\n11,047.4\nSep\n6,281.7\n556.4\n927.2\n7,765.3\n273.0\n23.5\n8,061.8\n40.9\n503.5\n142.2\n108.4\n21.1\n1,434.8\n637.4\n454.9\n11,405.0\nOct\n6,340.3\n509.5\n898.1\n7,747.9\n284.2\n31.1\n8,063.2\n49.3\n525.1\n147.6\n72.2\n16.5\n1,461.0\n647.5\n472.6\n11,454.9\nNov\n6,411.0\n503.9\n861.0\n7,775.9\n232.8\n27.6\n8,036.4\n41.2\n487.5\n213.7\n58.6\n17.8\n1,490.0\n633.2\n508.4\n11,486.9\nDec\n6,582.3\n495.0\n910.9\n7,988.3\n255.0\n19.7\n8,262.9\n43.3\n469.5\n229.6\n147.5\n15.6\n1,551.3\n573.8\n509.2\n11,802.7\n2019\nJan\n6,603.6\n440.8\n919.5\n7,964.0\n240.5\n20.5\n8,225.0\n42.6\n475.0\n239.5\n130.2\n14.4\n1,545.2\n517.2\n537.2\n11,726.5\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 5.2 : COMMERCIAL BANKS - LIABILITIES\nDeposits\nAmounts Owing to\n \n \n \n20 \n \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\nLocal Governemt Public Enterprises\nOther2\nMortgages\nGovernment\nOther\nCoins\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJan\n2.4\n \n7.0\n \n109.6\n \n157.7\n \n4.3\n \n-\n \n123.7\n \n20.8\n \n-\n \n-\n \n389.1\n \n-\n \n406.1\n \n106.3\n \n124.4\n \n1,451.4\n \nFeb\n1.2\n \n7.3\n \n69.3\n \n155.6\n \n7.4\n \n-\n \n162.0\n \n20.1\n \n-\n \n-\n \n394.4\n \n-\n \n410.1\n \n109.0\n \n124.2\n \n1,460.4\n \nMar\n1.6\n \n3.1\n \n35.5\n \n177.2\n \n4.0\n \n-\n \n164.2\n \n18.7\n \n-\n \n-\n \n404.4\n \n-\n \n413.0\n \n102.8\n \n124.2\n \n1,448.6\n \nApr\n0.7\n \n3.6\n \n73.4\n \n173.3\n \n9.8\n \n-\n \n158.6\n \n17.8\n \n-\n \n-\n \n392.5\n \n-\n \n432.3\n \n109.7\n \n125.1\n \n1,496.8\n \nMay\n0.9\n \n3.9\n \n81.5\n \n152.3\n \n10.8\n \n-\n \n168.2\n \n20.3\n \n-\n \n-\n \n394.4\n \n-\n \n451.1\n \n105.9\n \n126.1\n \n1,515.4\n \nJun\n0.3\n \n3.7\n \n65.9\n \n208.8\n \n9.8\n \n-\n \n165.3\n \n19.0\n \n-\n \n-\n \n387.6\n \n-\n \n452.9\n \n109.6\n \n126.0\n \n1,548.8\n \nJul\n0.4\n \n3.9\n \n105.8\n \n164.6\n \n9.2\n \n-\n \n168.4\n \n17.2\n \n-\n \n-\n \n391.9\n \n-\n \n451.9\n \n110.9\n \n127.3\n \n1,551.5\n \nAug\n0.4\n \n3.1\n \n142.8\n \n152.0\n \n3.9\n \n-\n \n186.7\n \n16.3\n \n-\n \n-\n \n409.3\n \n-\n \n465.5\n \n104.7\n \n127.2\n \n1,611.9\n \nSep\n0.6\n \n1.8\n \n108.4\n \n117.0\n \n6.7\n \n-\n \n193.0\n \n16.1\n \n-\n \n-\n \n412.7\n \n-\n \n475.2\n \n113.4\n \n130.1\n \n1,574.8\n \nOct\n0.6\n \n1.1\n \n145.7\n \n110.0\n \n14.8\n \n-\n \n193.9\n \n15.4\n \n-\n \n-\n \n420.7\n \n-\n \n493.6\n \n149.9\n \n130.4\n \n1,676.0\n \nNov\n0.7\n \n0.9\n \n138.8\n \n128.4\n \n8.7\n \n-\n \n193.6\n \n18.8\n \n-\n \n-\n \n420.9\n \n-\n \n489.0\n \n160.4\n \n133.0\n \n1,693.3\n \nDec\n1.0\n \n2.6\n \n170.6\n \n134.3\n \n9.1\n \n-\n \n195.1\n \n26.8\n \n-\n \n-\n \n402.3\n \n-\n \n516.8\n \n163.2\n \n135.5\n \n1,757.3\n \n2018\nJan\n0.9\n \n2.3\n \n197.4\n \n98.7\n \n7.8\n \n-\n \n129.8\n \n34.5\n \n-\n \n-\n \n413.2\n \n-\n \n508.7\n \n144.9\n \n136.1\n \n1,674.3\n \nFeb\n1.5\n \n1.8\n \n172.4\n \n123.5\n \n5.5\n \n-\n \n141.3\n \n33.5\n \n-\n \n-\n \n414.8\n \n-\n \n507.9\n \n125.7\n \n135.7\n \n1,663.6\n \nMar\n1.4\n \n3.4\n \n175.9\n \n72.1\n \n14.1\n \n-\n \n212.6\n \n32.8\n \n-\n \n-\n \n411.4\n \n-\n \n539.4\n \n142.8\n \n132.3\n \n1,738.2\n \nApr\n1.1\n \n4.3\n \n185.5\n \n61.9\n \n3.6\n \n-\n \n184.4\n \n32.0\n \n-\n \n-\n \n413.3\n \n-\n \n582.7\n \n141.6\n \n135.2\n \n1,745.7\n \nMay\n1.0\n \n7.6\n \n196.3\n \n138.2\n \n8.1\n \n-\n \n191.0\n \n30.9\n \n-\n \n-\n \n415.0\n \n-\n \n608.4\n \n128.1\n \n137.4\n \n1,862.0\n \nJune\n1.2\n \n4.9\n \n188.6\n \n177.8\n \n1.9\n \n-\n \n266.2\n \n30.1\n \n-\n \n-\n \n413.9\n \n-\n \n614.3\n \n124.0\n \n141.5\n \n1,964.5\n \nJuly\n1.8\n \n6.6\n \n207.1\n \n185.1\n \n1.7\n \n-\n \n283.2\n \n33.3\n \n-\n \n-\n \n423.5\n \n-\n \n636.1\n \n128.2\n \n141.1\n \n2,047.7\n \nAug\n1.6\n \n3.7\n \n224.7\n \n145.3\n \n2.4\n \n-\n \n288.9\n \n32.2\n \n-\n \n-\n \n428.2\n \n-\n \n579.4\n \n139.1\n \n143.7\n \n1,989.2\n \nSep\n1.9\n \n2.9\n \n245.6\n \n92.6\n \n20.8\n \n-\n \n291.1\n \n31.2\n \n-\n \n-\n \n430.3\n \n-\n \n650.2\n \n148.1\n \n144.4\n \n2,059.1\n \nOct\n4.9\n \n2.1\n \n220.0\n \n95.8\n \n11.9\n \n-\n \n318.9\n \n30.2\n \n-\n \n-\n \n427.7\n \n-\n \n639.8\n \n154.2\n \n147.0\n \n2,052.5\n \nNov\n3.6\n \n2.9\n \n243.3\n \n35.7\n \n10.4\n \n-\n \n320.7\n \n28.9\n \n-\n \n-\n \n433.5\n \n-\n \n635.7\n \n148.0\n \n145.8\n \n2,008.5\n \nDec\n2.3\n \n4.3\n \n157.4\n \n121.3\n \n10.4\n \n-\n \n339.4\n \n28.0\n \n-\n \n-\n \n444.8\n \n-\n \n645.9\n \n179.7\n \n151.9\n \n2,085.6\n \n2019\nJan\n6.3\n \n4.6\n108.2\n \n63.5\n10.9\n \n0.0\n343.8\n \n27.3\n33.6\n \n0.0\n438.0\n \n0.0\n649.3\n \n136.7\n151.2\n \n1973.3\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 6.1: BUILDING SOCIETIES -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n21 \n \n \nDebt Securities\nForeign Liabilities\nCapital\nOther\nTOTAL\nand\nLiablities\nEnd of\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Jan\n326.2\n522.1\n848.2\n81.5\n16.6\n946.4\n25.0\n29.1\n0.0\n66.5\n0.7\n332.1\n51.7\n1,451.4\n Feb\n326.1\n534.4\n860.5\n76.2\n16.6\n953.3\n23.1\n27.0\n0.0\n62.4\n0.5\n334.5\n59.7\n1,460.4\n Mar\n319.7\n523.2\n842.9\n70.2\n16.7\n929.9\n20.9\n24.0\n0.0\n68.5\n0.3\n340.7\n64.3\n1,448.6\n Apr\n399.6\n527.1\n926.6\n70.6\n16.0\n1,013.2\n21.8\n22.8\n0.0\n54.0\n0.2\n322.5\n62.3\n1,496.8\n May\n378.0\n536.0\n914.0\n70.7\n16.1\n1,000.8\n21.8\n23.0\n0.0\n66.2\n0.4\n325.8\n77.4\n1,515.4\n Jun\n401.8\n544.4\n946.2\n70.7\n16.5\n1,033.4\n22.0\n22.0\n0.0\n65.2\n0.8\n330.0\n75.4\n1,548.8\n Jul\n430.3\n531.5\n961.8\n70.4\n16.1\n1,048.3\n22.2\n22.2\n0.0\n57.3\n0.3\n334.5\n66.8\n1,551.5\n Aug\n495.3\n546.5\n1,041.8\n70.6\n16.3\n1,128.6\n24.0\n21.3\n0.0\n37.4\n0.4\n328.9\n71.4\n1,611.9\n Sep\n488.5\n517.9\n1,006.5\n80.3\n16.7\n1,103.4\n24.8\n17.4\n0.0\n17.0\n0.2\n334.0\n78.0\n1,574.8\n Oct\n583.1\n475.2\n1,058.3\n80.9\n16.2\n1,155.4\n23.4\n26.4\n0.0\n20.6\n0.3\n338.0\n111.8\n1,676.0\n Nov\n570.3\n473.5\n1,043.8\n105.4\n16.3\n1,165.4\n23.7\n26.6\n0.0\n22.7\n0.3\n341.5\n113.0\n1,693.3\n Dec\n608.2\n496.6\n1,104.9\n105.2\n16.5\n1,226.6\n23.4\n25.9\n0.0\n22.7\n0.5\n371.7\n86.7\n1,757.3\n2018\nJan\n544.7\n497.1\n1,041.7\n105.2\n16.4\n1,163.3\n22.8\n26.1\n0.0\n22.9\n0.2\n362.1\n77.0\n1,674.3\nFeb\n512.0\n480.5\n992.5\n120.3\n16.8\n1,129.5\n28.5\n26.3\n0.0\n33.6\n0.5\n366.0\n79.2\n1,663.6\nMar\n535.1\n507.8\n1,042.9\n120.3\n16.5\n1,179.7\n27.5\n41.3\n0.0\n34.5\n0.5\n378.2\n76.5\n1,738.2\nApr\n568.0\n452.6\n1,020.5\n144.4\n17.0\n1,181.9\n27.9\n39.7\n0.0\n33.6\n0.4\n358.5\n103.7\n1,745.7\nMay\n613.8\n475.1\n1,089.0\n196.6\n16.4\n1,302.0\n32.4\n40.0\n0.0\n31.2\n0.5\n363.1\n92.8\n1,862.0\nJune\n658.5\n507.9\n1,166.5\n183.2\n16.4\n1,366.0\n33.1\n39.3\n0.0\n56.9\n0.4\n363.5\n105.2\n1,964.5\nJuly\n770.2\n542.9\n1,313.1\n128.5\n15.0\n1,456.6\n28.7\n37.5\n0.0\n30.4\n15.8\n378.9\n99.8\n2,047.7\nAug\n703.4\n534.7\n1,238.0\n133.0\n15.0\n1,386.0\n31.3\n33.9\n0.0\n18.3\n17.9\n385.8\n116.0\n1,989.2\nSep\n749.8\n502.3\n1,252.2\n166.0\n15.1\n1,433.2\n22.8\n55.9\n0.0\n20.7\n25.5\n388.6\n112.3\n2,059.1\nOct\n772.5\n471.9\n1,244.4\n151.0\n15.1\n1,410.5\n23.7\n56.3\n0.0\n21.2\n25.5\n389.9\n125.4\n2,052.5\nNov\n699.9\n511.9\n1,211.9\n134.0\n15.1\n1,360.9\n21.0\n55.6\n0.0\n16.2\n24.5\n396.1\n134.2\n2,008.5\nDec\n713.2\n540.0\n1,253.1\n139.6\n15.1\n1,407.8\n26.5\n55.3\n0.0\n40.2\n23.4\n400.1\n132.3\n2,085.6\n2019\nJan\n633.8\n490.2\n1,124.0\n140.5\n15.0\n1,279.6\n27.9\n55.5\n0.0\n58.1\n24.8\n392.8\n134.7\n1,973.3\nSource:Reserve Bank of Zimbabwe,2019\nAmounts Owing to\nTABLE 6.2: BUILDING SOCIETIES -LIABILITIES\nUS$ millions\n \n \n \n22 \n \n \n \nAGRICULTURE\nCONSTRUCTION COMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2017\nJan\n448,344.7\n41,732.8\n22,069.3\n264,734.2\n12,019.3\n270,117.2\n350,757.1\n144,447.3\n394,945.0\n40,975.0\n591,245.7\n11,489.3\n2,592,877.1\nFeb\n436,206.2\n40,112.3\n24,467.5\n269,358.3\n12,146.8\n272,314.8\n361,416.8\n143,990.4\n373,445.1\n40,250.7\n568,686.3\n11,227.9\n2,553,623.0\nMar\n425,496.8\n54,688.4\n25,533.4\n275,500.1\n12,241.8\n290,985.3\n349,722.5\n159,101.0\n359,672.5\n37,864.1\n572,233.3\n13,047.7\n2,576,086.9\nApr\n426,696.6\n43,836.6\n18,145.2\n340,025.3\n12,219.1\n271,824.0\n360,945.8\n134,101.0\n350,475.1\n42,208.4\n571,000.5\n12,492.9\n2,583,970.5\nMay\n428,874.0\n43,427.0\n16,689.0\n322,695.4\n12,252.6\n269,976.3\n360,929.9\n117,479.9\n354,102.7\n41,337.5\n569,798.9\n11,923.7\n2,549,487.0\nJun\n431,677.5\n45,018.0\n16,989.2\n311,641.4\n14,435.6\n266,917.5\n343,590.2\n126,542.8\n417,469.8\n37,849.5\n595,749.5\n12,001.6\n2,619,882.5\nJul\n459,128.0\n52,500.1\n11,717.0\n255,319.0\n14,541.0\n255,591.2\n311,364.4\n131,420.5\n422,799.8\n39,630.7\n609,112.5\n14,464.3\n2,577,588.5\nAug\n457,861.9\n52,622.6\n11,736.0\n262,602.7\n17,438.9\n256,802.3\n313,868.5\n138,714.9\n420,653.6\n41,089.3\n617,686.4\n15,194.2\n2,606,271.3\nSep\n457,157.2\n48,477.1\n12,117.9\n340,506.4\n21,660.1\n265,082.3\n331,929.6\n124,822.8\n393,491.3\n41,117.0\n619,867.0\n16,061.2\n2,672,289.8\nOct\n460,475.1\n46,588.0\n12,273.6\n329,020.8\n21,810.6\n262,118.2\n317,587.0\n126,041.6\n383,374.3\n41,351.4\n634,561.2\n16,061.2\n2,651,263.1\nNov\n477,486.1\n46,318.3\n12,005.2\n323,990.0\n21,811.0\n261,421.1\n316,225.5\n123,307.2\n379,542.7\n32,215.3\n649,034.3\n16,061.2\n2,659,418.0\nDec\n489,695.6\n54,162.9\n10,119.0\n334,030.3\n21,844.6\n269,399.3\n307,802.0\n126,719.0\n375,161.7\n31,701.6\n621,421.9\n13,938.1\n2,655,996.0\n2018\nJan\n479,109.6\n59,336.8\n9,442.4\n289,531.3\n20,569.7\n258,035.0\n271,453.8\n106,425.1\n390,052.9\n32,328.6\n617,303.0\n14,394.7\n2,547,982.8\nFeb\n488,203.1\n59.,977.6\n9,271.6\n315,569.6\n20,133.1\n258,263.6\n285,045.1\n108,649.0\n393,604.9\n31,636.6\n618,377.4\n15,010.6\n2,543,764.6\nMar\n484,764.7\n64,826.5\n11,050.5\n344,731.3\n15,203.3\n274,150.2\n303,649.2\n114,431.9\n363,449.4\n32,793.4\n640,496.9\n19,893.1\n2,669,440.4\nApr\n485,790.0\n63,948.2\n10,904.2\n344,532.1\n15,015.2\n271,071.8\n294,270.8\n112,692.1\n333,633.8\n31,103.5\n631,920.5\n22,066.0\n2,616,948.2\nMay\n501,783.7\n63,555.3\n10,933.5\n362,939.6\n15,079.8\n358,553.4\n317,666.7\n117,123.0\n338,846.3\n31,523.1\n651,444.0\n24,226.4\n2,793,674.8\nJun\n475,105.7\n66,796.8\n13,907.7\n385,583.3\n15,079.8\n344,917.3\n323,212.1\n117,146.6\n335,216.9\n34,457.6\n655,427.0\n34,163.4\n2,801,014.3\nJul\n463,286.3\n70,905.2\n18,924.1\n383,314.7\n14,976.4\n140,624.6\n274,507.8\n113,776.3\n309,209.5\n37,474.0\n652,652.7\n34,402.1\n2,514,053.7\nAug\n470,756.1\n79,237.1\n15,167.3\n331,672.8\n15,021.9\n144,100.7\n271,000.5\n111,960.2\n306,022.7\n37,341.2\n666,649.4\n34,402.1\n2,483,332.1\nSep\n451,745.3\n79,055.7\n15,021.6\n341,851.7\n15,021.9\n144,799.6\n263,994.2\n112,656.6\n320,788.5\n36,914.6\n666,971.5\n64,407.1\n2,513,228.2\nOct\n453,068.3\n74,931.8\n16,036.5\n389,851.7\n15,156.8\n165,252.7\n268,933.2\n111,956.6\n313,376.8\n36,118.6\n680,445.7\n12,855.7\n2,537,984.3\nNov\n444,130.8\n133,137.6\n14,884.1\n313,733.0\n15,156.8\n165,419.8\n269,459.9\n149,908.1\n316,738.8\n45,693.2\n679,403.7\n12,265.4\n2,559,931.1\nDec\n492,669.9\n78,176.7\n15,958.0\n340,422.7\n14,425.5\n165,648.7\n253,354.3\n113,596.5\n347,242.2\n40,695.4\n669,879.6\n12,254.3\n2,544,323.9\n2019\nJan\n525,176.7\n80,480.9\n20,199.4\n349,755.6\n15,294.0\n158,458.9\n255,380.4\n123,772.8\n358,554.2\n42,355.5\n666,797.1\n16,335.7\n2,612,561.3\nSource:Reserve Bank of Zimbabwe,2019\n/1 Including the only merchant bank still in operation.\nTABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nUS$ ('000)\n \n \n \n23 \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION COMMUNICATIONS DISTRIBUTION FINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2017\nJan\n236,437.3\n108,552.5\n230,965.4\n618,213.5\n339,580.3\n1,002,775.4\n382,746.3\n86,115.0\n1,393,941.2\n82,670.8\n589,549.9\n85,602.3\n5,157,150.0\nFeb\n254,463.9\n112,294.4\n226,877.9\n613,080.1\n312,948.5\n997,181.2\n393,542.8\n121,798.7\n1,402,647.6\n91,521.7\n604,325.0\n84,653.3\n5,215,335.3\nMar\n299,519.0\n118,530.1\n232,990.6\n626,986.6\n308,297.9\n1,049,255.7\n402,864.2\n170,835.1\n1,400,323.5\n102,287.7\n610,024.4\n91,046.0\n5,412,960.9\nApr\n281,219.8\n117,174.3\n235,093.5\n687,962.2\n307,711.4\n1,013,362.6\n400,018.9\n190,005.8\n1,432,953.1\n110,258.7\n650,595.9\n102,681.0\n5,529,037.2\nMay\n301,531.2\n113,685.5\n220,541.8\n679,781.4\n320,878.2\n1,019,941.1\n417,418.5\n175,383.4\n1,454,718.3\n108,366.5\n667,019.7\n71,770.2\n5,551,035.8\nJun\n295,920.4\n109,938.0\n248,436.3\n712,648.0\n334,368.7\n1,121,023.5\n408,604.0\n185,262.3\n1,521,876.3\n107,327.1\n697,997.7\n74,195.4\n5,817,597.8\nJul\n309,864.7\n126,628.5\n262,827.7\n587,617.1\n341,371.5\n1,143,423.8\n423,846.6\n191,273.6\n1,599,344.4\n99,509.8\n680,622.6\n76,164.4\n5,842,494.6\nAug\n302,611.3\n149,014.9\n296,550.6\n914,686.8\n346,236.8\n1,131,207.5\n453,584.0\n169,521.2\n1,562,637.2\n111,394.6\n746,644.5\n90,999.4\n6,275,088.8\nSep\n348,786.3\n146,383.0\n286,092.4\n796,517.1\n340,224.7\n1,072,979.9\n571,373.7\n211,077.0\n1,705,640.6\n122,645.6\n747,874.4\n72,255.0\n6,421,849.6\nOct\n345,521.0\n138,274.9\n238,975.9\n778,597.1\n355,135.9\n1,138,203.7\n565,046.4\n259,285.2\n1,694,691.4\n123,908.8\n741,652.0\n72,255.0\n6,451,547.3\nNov\n336,339.3\n144,708.5\n239,524.3\n927,820.8\n362,515.4\n986,824.6\n629,010.4\n250,132.7\n1,694,043.5\n131,768.3\n761,400.5\n72,255.0\n6,536,343.3\nDec\n317,794.8\n160,261.7\n284,829.7\n890,549.4\n375,616.4\n1,073,707.0\n686,933.4\n257,197.2\n1,712,823.9\n143,466.1\n711,031.6\n62,444.8\n6,676,655.9\n2018\nJan\n380,283.8\n151,436.0\n257,298.2\n918,787.6\n365,354.6\n1,050,097.7\n652,999.0\n248,933.0\n1,757,391.8\n141,913.2\n669,049.8\n67,904.7\n6,661,449.4\nFeb\n455,217.0\n224,070.1\n263,961.9\n897,453.2\n399,016.2\n949,795.6\n674,828.4\n354,052.8\n1,701,611.4\n107,779.5\n680,060.2\n67,686.4\n6,775,532.7\nMar\n451,992.5\n142,332.9\n296,310.0\n825,805.5\n376,593.0\n1,001,674.3\n597,436.8\n253,127.4\n1,827,464.3\n163,971.7\n597,436.8\n63,604.3\n6,597,749.5\nApr\n476,448.1\n144,564.6\n310,795.6\n806,144.7\n364,824.6\n988,527.2\n649,893.0\n255,761.8\n1,892,415.2\n179,252.3\n712,565.9\n65,398.2\n6,846,591.4\nMay\n494,612.8\n152,567.4\n350,409.2\n874,140.5\n374,089.9\n1,097,970.7\n700,891.9\n271,892.0\n1,913,394.9\n186,192.5\n745,592.7\n64,970.7\n7,226,725.2\nJun\n465,984.0\n164,242.3\n391,142.3\n948,703.0\n368,260.1\n1,140,652.9\n754,981.1\n324,355.8\n2,160,400.4\n200,774.3\n779,012.8\n64,786.3\n7,763,295.2\nJul\n445,780.0\n226,433.0\n413,409.1\n955,925.6\n420,416.6\n1,120,834.7\n760,588.2\n321,078.4\n2,192,743.2\n200,523.6\n822,857.6\n64,786.3\n7,945,376.2\nAug\n429,439.9\n189,498.0\n386,595.6\n980,354.1\n429,659.7\n1,091,202.9\n782,008.7\n297,412.3\n1,968,724.0\n196,068.8\n836,719.1\n64,786.3\n7,652,469.3\nSep\n447,556.4\n206,194.1\n382,491.5\n1,186,453.7\n444,599.1\n1,070,365.1\n811,296.2\n302,579.3\n2,059,093.1\n247,105.7\n906,767.6\n84,514.5\n8,149,016.3\nOct\n445,484.4\n199,531.1\n391,968.4\n984,701.5\n469,891.9\n1,153,855.9\n846,453.3\n315,808.5\n2,110,864.2\n260,816.9\n817,328.3\n67,915.2\n8,064,619.7\nNov\n489,192.9\n194,869.4\n391,442.4\n925,081.3\n441,534.3\n1,248,555.8\n827,349.4\n316,945.5\n2,059,370.1\n261,756.5\n825,642.2\n66,458.7\n8,048,198.5\nDec\n494,011.3\n201,871.0\n531,888.3\n1,034,592.5\n428,738.7\n1,196,503.2\n823,081.9\n331,251.3\n2,063,550.8\n278,659.0\n802,507.6\n63,361.3\n8,250,016.9\n2019\nJan\n505,422.9\n391,022.0\n497,976.2\n1,034,948.2\n411,945.9\n1,187,606.7\n882,289.7\n322,030.3\n2,154,902.3\n135,871.6\n763,189.5\n63,064.3\n8,350,269.7\nSource: Reserve Bank of Zimbabwe,2019\n TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ ('000)\n \n24 \n \n \nEnd of\nNominal Lending \nRates 1\nIndividuals \nCorporate\n2017 \nJan\n4.00-18.00\n10.61\n6.68\nFeb\n4.00-18.00\n10.06\n6.52\nMar\n4.00-18.00\n9.12\n7.02\nApr\n4.00-18.00\n9.25\n7.02\nMay\n4.00-18.00\n9.17\n7.03\nJun\n4.00-18.00\n9.01\n7.05\nJul\n4.00-18.00\n8.94\n7.05\nAug\n4.00-18.00\n8.88\n6.95\nSep\n4.45-18.00\n8.86\n7.01\nOct\n4.45-18.00\n9.66\n7.06\nNov\n4.45-18.00\n9.66\n7.03\nDec\n4.45-18.00\n9.39\n7.00\n2018\nJan\n4.45-18.00\n9.33\n6.99\nFeb\n4.45-18.00\n9.57\n6.93\nMar\n4.45-18.00\n9.64\n6.98\nApr\n4.00-18.00\n9.32\n7.08\nMay\n4.00-18.00\n9.28\n7.09\nJun\n4.00-18.00\n9.32\n7.14\nJul\n4.00-18.00\n9.75\n6.97\nAug\n4.00-18.00\n9.87\n7.10\nSep\n4.00-18.00\n9.56\n7.11\nOct\n4.00-18.00\n9.47\n7.38\nNov\n4.00-18.00\n9.49\n7.38\nDec\n4.00-18.00\n9.48\n7.39\n2019\nJan\n4.00-18.00\n9.47\n7.40\n Source:Reserve Bank of Zimbabwe, 2019\nNotes\nTABLE 8.1: LENDING RATES (percent per annum)\n1. Nominal lending rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Lending Rates\n \n \n \n25 \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2017 \nJan\n0.50-6.00\n1.00-17.00\nFeb\n0.50-6.00\n1.00-17.00\nMar\n0.50-6.00\n1.00-17.00\nApr\n0.50-6.00\n1.00-17.00\nMay\n0.50-6.00\n1.00-9.50**\nJun\n0.50-6.00\n1.00-12.00\nJul\n0.50-6.00\n1.00-12.00\nAug\n0.50-6.00\n1.00-12.00\nSep\n0.50-12.00\n0.75-8.00\nOct\n0.50-12.00\n0.75-8.00\nNov\n0.50-12.00\n0.75-8.00\nDec\n0.50-12.00\n0.75-8.00\n2018\nJan\n0.22-12.00\n0.75-8.00\nFeb\n0.22-12.00\n0.75-8.00\nMar\n0.22-12.00\n0.75-8.00\nApr\n0.22-12.00\n0.75-8.00\nMay\n0.22-12.00\n0.75-8.00\nJun\n0.22-12.00\n0.75-8.00\nJul\n0.22-12.00\n0.75-8.00\nAug\n0.22-12.00\n0.75-8.00\nSep\n0.22-12.00\n0.75-8.00\nOct\n0.22-12.00\n0.75-8.00\nNov\n0.22-12.00\n1.00-8.00\nDec\n0.22-12.00\n1.00-6.75\n2019\nJan\n0.22-12.00\n1.00-8.00\n Source:Reserve Bank of Zimbabwe, 2019\n* Deposit rates depict the range of rates qouted by banks. \n **Banks have adjusted their costs of holding deposits following the call by the RBZ to reduce lending rates. \nTABLE 8.2 : BANK DEPOSIT RATES (percent per annum)\nCOMMERCIAL BANKS\n \n \n26 \n \n \nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT COMMUNICATION RECREATION \n&\nEDUCATION RESTAURANTS \n&\nMISC.\nTOTAL NON\n& TOBACCO\nFOOTWEAR ELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2017 \nJan\n0.00\n-0.15\n0.10\n0.34\n-0.15\n-0.75\n0.44\n0.27\n0.00\n0.29\n0.08\n-0.03\n0.80\n0.23\nFeb\n-0.09\n-0.14\n0.13\n0.70\n-0.03\n0.11\n0.00\n-0.04\n0.00\n0.18\n0.52\n0.17\n1.56\n0.61\nMar\n0.15\n0.03\n-0.07\n0.64\n0.11\n0.21\n-0.02\n0.18\n0.00\n0.01\n0.36\n0.15\n-0.21\n0.03\nApr\n-0.11\n0.02\n0.04\n0.06\n-0.04\n0.00\n0.05\n0.02\n2.02\n0.34\n-0.07\n0.25\n-0.36\n0.05\nMay\n0.13\n0.09\n-0.01\n0.02\n0.13\n0.04\n0.00\n-0.21\n0.00\n-0.39\n-0.09\n0.01\n0.07\n0.03\nJun\n0.21\n0.03\n-0.82\n0.38\n-0.03\n-0.18\n0.00\n0.18\n0.00\n0.29\n0.33\n-0.14\n-0.45\n-0.24\nJul\n0.19\n0.01\n0.01\n-0.06\n0.01\n-0.23\n-0.08\n0.05\n-2.81\n1.10\n0.11\n-0.33\n-0.42\n-0.36\nAug\n-0.18\n0.10\n0.06\n0.05\n0.03\n0.00\n0.03\n0.13\n0.00\n0.00\n0.06\n0.03\n-0.47\n-0.13\nSep\n0.02\n0.45\n0.24\n1.10\n0.07\n-0.31\n0.14\n0.64\n0.00\n0.05\n0.12\n0.25\n0.66\n0.38\nOct\n0.63\n1.44\n0.24\n3.49\n1.07\n1.08\n0.37\n3.08\n0.00\n0.45\n2.66\n1.20\n2.27\n1.54\nNov\n0.28\n0.62\n0.06\n1.32\n0.38\n0.29\n-0.04\n1.14\n-1.43\n-0.72\n1.10\n0.26\n1.74\n0.74\nDec\n0.28\n0.72\n-0.43\n0.45\n0.01\n0.29\n-0.01\n0.78\n0.00\n0.49\n0.74\n0.16\n1.29\n0.53\n2018\nJan\n0.17\n0.67\n0.02\n0.55\n0.10\n0.00\n-0.04\n1.78\n0.00\n-0.16\n0.64\n0.25\n0.39\n0.30\nFeb\n0.26\n0.91\n0.01\n0.43\n0.00\n-0.02\n0.15\n0.90\n0.00\n0.01\n0.21\n0.21\n-0.18\n0.08\nMar\n0.13\n-0.34\n-0.74\n0.46\n0.18\n-1.29\n-1.60\n1.58\n0.01\n-0.14\n-0.55\n-0.36\n-0.03\n-0.25\nApr\n0.20\n0.34\n-0.01\n0.00\n0.10\n-0.32\n-0.21\n-0.10\n0.63\n1.85\n0.26\n0.11\n0.02\n0.08\nMay\n-0.03\n0.10\n0.00\n-0.12\n0.03\n0.14\n-0.01\n0.08\n0.00\n0.05\n0.33\n0.03\n0.02\n0.03\nJun\n0.60\n0.14\n-0.16\n-0.48\n0.38\n0.19\n0.10\n-0.25\n0.00\n0.26\n1.00\n0.04\n-0.23\n-0.05\nJul\n0.43\n0.38\n0.00\n0.40\n0.31\n0.17\n0.08\n0.65\n7.16\n3.20\n0.75\n1.09\n0.74\n0.98\nAug\n0.13\n0.45\n0.00\n0.91\n0.24\n0.47\n0.00\n-0.23\n0.00\n0.11\n0.34\n0.28\n0.62\n0.39\nSep\n0.22\n1.35\n0.53\n2.79\n1.90\n0.51\n0.32\n0.22\n0.00\n0.28\n0.07\n1.05\n0.85\n0.92\nOct\n7.89\n45.88\n2.94\n26.86\n12.94\n19.13\n1.39\n27.66\n0.00\n9.86\n13.64\n14.66\n20.12\n16.44\nNov\n7.21\n10.63\n4.80\n9.12\n3.36\n2.31\n0.18\n16.33\n0.35\n9.29\n15.42\n6.50\n14.53\n9.20\nDec\n10.22\n8.07\n2.77\n8.07\n8.49\n28.61\n1.26\n3.19\n0.00\n13.84\n10.07\n9.01\n9.07\n9.03\n2019\nJan\n13.35\n1.04\n4.35\n9.46\n11.64\n47.25\n1.12\n11.01\n0.10\n11.73\n6.72\n12.83\n6.94\n10.75\nSource:Zimstat, 2019\nFOOD & NON \nALCOHOLIC \nBEVERAGES\nALL \nITEMS\nTABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n( December 2012 = 100)\n \n \n \n27 \n \n \nF OOD \nIN F LA TION\nA LC OHOLIC \nC LOTHIN G\nHOUS IN G, \nWA TER ,\nF UR N ITUR E\nM IS C .\nF OOD & \nB EVER A GES \n& \nELEC TR IC T\nY, GA S\nA N D\nR EC R EA TION \n&\nR ES TA UR A N TS \n&\nGOOD S &\nTOTA L N ON\nN ON \nA LC OHOLIC \nA LL\n& TOB A C C O\nF OOTWEA R\n& OTHER\nEQUIP M EN T\nC ULTUR E\nHOTELS\nS ER VIC ES\nF OOD\nB EVER A GES\nITEM S\nF UELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2017\nJan\n-0.47\n-1.52\n-2.16\n-0.62\n-0.68\n-1.76\n-1.44\n0.20\n3.49\n-0.02\n-0.62\n-0.82\n-0.30\n-0.65\nFeb\n-0.42\n-1.66\n-1.91\n0.26\n-0.53\n-1.29\n-1.31\n0.18\n3.49\n0.24\n-0.05\n-0.51\n1.29\n0.06\nMar\n-0.13\n-1.45\n-0.95\n1.64\n-0.30\n-0.79\n-1.74\n0.40\n0.12\n0.87\n0.92\n-0.25\n1.21\n0.21\nApr\n-0.26\n-1.29\n-0.89\n2.03\n-0.33\n-0.86\n-1.61\n0.44\n2.16\n1.30\n1.21\n0.08\n1.35\n0.48\nMay\n0.15\n-0.98\n-1.01\n2.16\n-0.01\n-0.71\n0.00\n0.17\n2.16\n0.88\n1.46\n0.21\n1.92\n0.75\nJun\n0.29\n-0.74\n-2.39\n2.52\n-0.19\n-0.81\n0.00\n0.59\n-0.48\n0.86\n1.70\n-0.37\n1.82\n0.31\nJul\n0.47\n-0.58\n-2.43\n2.41\n-0.03\n-1.01\n0.29\n0.55\n-3.28\n1.93\n2.12\n-0.67\n1.92\n0.14\nAug\n0.35\n-0.26\n-2.37\n2.50\n0.02\n-0.88\n0.33\n0.78\n-3.28\n1.92\n2.05\n-0.60\n1.76\n0.14\nSep\n0.27\n0.22\n-1.05\n3.91\n0.12\n-1.11\n0.57\n1.69\n-3.28\n1.97\n2.07\n-0.01\n2.49\n0.78\nOct\n0.95\n1.91\n-0.68\n7.47\n1.22\n0.02\n0.94\n4.84\n-3.28\n2.49\n4.61\n1.25\n4.40\n2.24\nNov\n1.17\n2.62\n-0.62\n8.78\n1.67\n-0.02\n0.89\n5.83\n-2.25\n1.76\n5.62\n1.74\n5.65\n2.97\nDec\n1.51\n3.27\n-0.45\n8.77\n1.57\n0.55\n0.89\n6.35\n-2.26\n2.09\n6.04\n2.00\n6.60\n3.46\n2018\nJan\n1.68\n4.12\n-0.52\n9.00\n1.82\n1.30\n0.41\n7.95\n-2.25\n1.63\n6.64\n2.29\n6.17\n3.52\nFeb\n2.00\n5.21\n-0.65\n8.71\n1.84\n1.17\n0.56\n8.96\n-2.25\n1.45\n6.31\n2.33\n4.35\n2.98\nMar\n2.00\n4.81\n-1.32\n8.52\n1.91\n-0.35\n-1.03\n10.48\n-2.24\n1.30\n5.35\n1.81\n4.54\n2.68\nApr\n2.34\n5.14\n-1.36\n8.54\n2.06\n-0.67\n-1.28\n10.36\n-3.58\n2.84\n5.70\n1.67\n4.94\n2.71\nMay\n2.18\n5.15\n-1.36\n8.30\n1.96\n-0.58\n-1.30\n10.67\n-3.58\n3.29\n6.14\n1.69\n4.89\n2.71\nJun\n2.58\n5.27\n-0.70\n7.36\n2.38\n-0.20\n-1.20\n10.20\n-3.58\n3.26\n6.85\n1.88\n5.12\n2.91\nJul\n2.83\n5.66\n-0.71\n7.86\n2.68\n0.20\n-1.04\n10.86\n6.31\n5.42\n7.53\n3.33\n6.35\n4.29\nAug\n3.15\n6.03\n-0.77\n8.78\n2.89\n0.67\n-1.07\n10.47\n6.31\n5.53\n7.84\n3.58\n7.52\n4.83\nSep\n3.35\n6.98\n-0.47\n10.60\n4.77\n1.49\n-0.89\n10.00\n6.31\n5.77\n7.79\n4.20\n7.94\n5.39\nOct\n10.81\n53.83\n2.20\n35.57\n17.08\n19.61\n0.11\n36.24\n6.31\n15.68\n19.31\n18.06\n26.78\n20.85\nNov\n18.47\n69.14\n7.04\n46.01\n20.56\n22.02\n0.34\n56.70\n8.23\n27.34\n36.21\n25.40\n42.71\n31.01\nDec\n30.21\n81.48\n10.48\n57.08\n30.80\n56.47\n1.61\n60.45\n8.22\n44.26\n48.82\n36.48\n53.68\n42.09\n2019\nJan\n47.34\n82.13\n15.27\n71.00\n45.88\n130.41\n2.79\n75.00\n8.32\n61.45\n57.81\n53.60\n63.71\n56.90\nSource:Zimstat, 2019\nTABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n(December 2012 = 100)\nC OM M UN IC A TION\nTR A N S P OR T\nHEA LTH\nED UC A TION\nN ON -F OOD IN F LA TION\n \n \n \n28 \n \n \nEnd Period\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n2016\n2017\n2018\nLong-Term External Debt\n5,164\n5,834\n7,316\n7,930\n8,851\n10,225\n9,757\n8,656\n8,949\n9,827\nGovernment\n4,282\n4,868\n5,857\n6,252\n6,493\n6,303\n6,623\n5,365\n5,595\n6,306\nBilateral Creditors\n2,213\n2,353\n3,307\n3,397\n3,786\n3,599\n4,071\n3,479\n3,589\n4,261\nMultilateral Creditors\n2,059\n2,505\n2,550\n2,855\n2,707\n2,704\n2,553\n1,886\n2,006\n2,045\nPrivate Creditors\n10\n10\n0\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n825\n825\n1,092\n1,198\n1,356\n1,661\n1,220\n1,370\n1,405\n1,426\nBilateral Creditors\n497\n497\n711\n703\n858\n1,155\n760\n779\n843\n898\nMultilateral Creditors\n327\n327\n382\n495\n498\n506\n460\n591\n562\n528\nPrivate Creditors\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nMultilateral Creditors - IMF\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nPrivate\n57\n142\n366\n480\n1,002\n2,261\n1,913\n1,920\n1,949\n2,095\nShort-Term External Debt\n1,348\n2,040\n1,286\n891\n1,564\n2,394\n2,258\n2,304\n2,292\n2,374\nSupplier's Credits\n193\n286\n134\n30\n0\n0\n0\n0\n0\n0\nReserve Bank\n998\n1,300\n615\n615\n614\n587\n587\n573\n490\n1,374\nPrivate\n156\n454\n537\n246\n950\n1,807\n1,671\n1,731\n1,802\n1,933\nTotal External Debt\n5,687\n7,050\n7,509\n7,623\n9,059\n10,958\n10,794\n10,960\n11,299\n13,134\nSource: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2019\nTABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n29 \n \n \nSOUTH ARFICAN\nBOTSWANA\nJAPANESE\nEURO/2\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nSTERLING/2\n2017\nJan\n13.5146\n10.5652\n113.4750\n1.0701\n1.2516\nFeb\n12.9957\n10.3573\n112.5100\n1.0591\n1.2439\nMar\n13.5450\n10.5541\n111.8750\n1.0678\n1.2487\nApr\n13.3461\n10.4384\n111.1600\n1.0862\n1.2908\nMay\n13.1162\n10.2987\n110.9650\n1.1168\n1.2801\nJun\n13.0150\n10.2249\n111.9450\n1.1439\n1.3013\nJul\n12.9986\n10.2093\n110.5150\n1.1734\n1.3127\nAug\n13.0153\n10.1368\n110.5500\n1.1873\n1.2920\nSep\n13.5463\n10.3252\n112.6750\n1.1777\n1.3416\nOct\n14.0603\n10.5319\n113.1150\n1.1630\n1.3209\nNov\n13.6625\n10.3199\n112.1250\n1.1867\n1.3470\nDec\n12.4000\n9.9602\n112.7500\n1.1945\n1.3500\n2018\nJan\n12.2727\n9.7871\n111.2348\n1.2105\n1.3734\nFeb\n11.8296\n9.5527\n107.8824\n1.2364\n1.3985\nMar\n11.8379\n9.5578\n106.0110\n1.2340\n1.3966\nApr\n12.0772\n9.6657\n107.6105\n1.2280\n1.4074\nMay\n12.5399\n9.9234\n109.7331\n1.1825\n1.3476\nJun\n13.2814\n10.2146\n109.9890\n1.1677\n1.3287\nJul\n13.4216\n10.3179\n111.4419\n1.1687\n1.3174\nAug\n14.0374\n10.5615\n111.1295\n1.1561\n1.2892\nSep\n14.7996\n10.7997\n111.9253\n1.1659\n1.3049\nOct\n14.5388\n10.7466\n112.6963\n1.1217\n1.2698\nNov\n14.1100\n10.6500\n113.3400\n1.1368\n1.2987\nDec\n14.1900\n10.6800\n112.5400\n1.1364\n1.2658\n2019\nJan\n13.8618\n10.5360\n109.1589\n1.1381\n1.2853\nSource: Reserve Bank of Zimbabwe, 2019\n TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES\n \n \n \n30 \n \n \nMarket Capitalisation\nEND OF\nAll Share*\nUS$ millions\n2017\nJan\n-\n140.2\n56.3\n8.6\n31,616,982\n3,903.7\nFeb\n-\n135.3\n56.5\n11.5\n85,314,995\n3,770.0\nMar\n-\n139.0\n58.6\n26.9\n145,238,255\n3,871.3\nApr\n-\n143.0\n66.3\n11.2\n75,857,712\n4,182.8\nMay\n-\n162.3\n69.6\n16.8\n170,830,515\n4,740.1\nJun\n-\n196.0\n69.8\n39.7\n311,145,262\n5,695.2\nJul\n-\n203.3\n69.4\n24.7\n149,425,245\n5,759.0\nAug\n-\n235.0\n73.5\n13.6\n107,920,143\n6,659.4\nSep\n-\n418.4\n122.6\n89.5\n245,278,194\n11,860.2\nOct\n-\n521.9\n132.5\n168.8\n1,006,687,304\n14,830.3\nNov\n-\n376.7\n126.9\n207.5\n196,489,710\n10,777.7\nDec\n-\n333.0\n142.4\n75.3\n844,189,447\n9,580.6\n2018\nJan\n91.3\n305.4\n130.4\n31.4\n55,032,220\n8,652.9\nFeb\n88.0\n294.6\n124.9\n63.7\n138,142,187\n8,386.0\nMar\n87.0\n291.0\n125.1\n40.3\n108,997,097\n8,290.4\nApr\n98.7\n330.7\n124.4\n44.4\n206,342,675\n9,405.3\nMay\n108.3\n361.5\n151.5\n59.3\n129,155,586\n10,393.2\nJun\n102.9\n342.8\n161.3\n73.0\n234,834,368\n9,792.2\nJul\n114.3\n384.3\n164.0\n114.9\n624,256,160\n10,969.7\nAug\n117.3\n394.6\n161.3\n50.5\n142,150,599\n12,475.4\nSep\n115.1\n387.0\n163.8\n61.1\n197,401,341\n12,265.5\nOct\n163.8\n549.8\n217.3\n449.6\n316,060,000\n17,960.0\nNov\n160.4\n538.7\n208.6\n118.0\n153,874,660\n17,316.6\nDec\n146.2\n487.1\n227.7\n93.0\n144,479,601\n19,424.4\n2019\nJan\n158.2\n528.2\n212.1\n81.8\n69,618,512\n21,021.1\nSource:Zimbabwe Stock Exchange ,2019\n*All Share index was introduced in January 2018\nTABLE 12: ZIMBABWE STOCK MARKET STATISTICS\nIndustrial\n Market Turnover \nUS$ million \nVolume of Shares\nMining\nIndices\n \n \n \n31 \n \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n \nINTERNET\n2017\nJan\n 4,052.7 \n7.5\n368.7\n70.4\n 495.55 \n318.9\nFeb\n 4,246.6 \n7.0\n327.3\n58.4\n 472.30 \n324.1\nMar\n 4,629.8 \n7.4\n392.2\n58.8\n 671.60 \n399.7\nApr\n 4,178.8 \n4.8\n466.9\n39.3\n 792.50 \n337.6\nMay\n 4,974.0 \n6.5\n557.8\n44.7\n 939.90 \n618.7\nJun\n 5,346.4 \n6.3\n558.8\n34.6\n 1,095.55 \n500.3\nJul\n 4,805.1 \n5.7\n588.4\n29.4\n 1,601.38 \n586.4\nAug\n 5,325.1 \n5.2\n590.1\n24.7\n 1,776.44 \n583.3\nSep\n 6,031.4 \n5.2\n651.1\n16.1\n 2,159.26 \n731.9\nOct\n 5,991.3 \n5.4\n681.9\n19.4\n 2,401.62 \n779.2\nNov\n 6,259.7 \n4.9\n666.5\n15.9\n 2,561.84 \n798.3\nDec\n 5,877.2 \n3.6\n778.4\n16.3\n 3,052.72 \n1043.3\n2018\nJan\n 5,548.1 \n4.9\n663.5\n21.3\n 2,318.80 \n1006.1\nFeb\n 4,706.6 \n4.5\n594.0\n13.9\n 2,015.11 \n831.0\nMar\n 6,300.4 \n4.5\n654.2\n12.5\n 2,657.10 \n864.8\nApr\n 5,786.8 \n3.3\n640.9\n11.5\n 3,002.63 \n822.6\nMay\n 7,298.4 \n4.2\n819.7\n10.5\n 3,550.07 \n968.6\nJun\n 7,997.3 \n4.7\n779.4\n8.3\n 3,724.31 \n1135.5\nJul\n 8,290.0 \n4.0\n790.0\n9.4\n 4,446.68 \n1262.5\nAug\n 7,762.9 \n2.9\n811.2\n14.0\n 4,558.54 \n1255.0\nSep\n 7,155.0 \n4.0\n842.5\n17.0\n 4,462.40 \n1393.1\nOct\n 8,230.5 \n4.2\n821.3\n17.9\n 4,607.38 \n1428.2\nNov\n 7,922.5 \n3.7\n657.5\n19.9\n 3,964.78 \n1026.7\nDec\n 8,355.2 \n2.8\n917.2\n14.6\n 4,833.80 \n1102.9\n2019\nJan\n 6,903.0 \n2.9\n1294.0\n16.9\n 3,608.83 \n1056.2\nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS \n Values of Transactions (US$ millions)\n \n \n \n32 \n \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2017\nJan\n 350.0 \n26.7\n 12,756.3 1,173.6 27,550.1 191.0 \nFeb\n 326.3 \n27.8\n 8,952.0 953.5 26,820.1 207.0 \nMar\n 414.2 \n31.0\n 11,124.0 922.2 35,604.1 244.1 \nApr\n 363.7 \n21.6\n 13,595.5 652.9 40,089.0 231.0 \nMay\n 531.8 \n27.8\n 16,623.4 820.6 47,019.1 323.3 \nJun\n 525.0 \n29.3\n 17,466.2 696.9 53,738.1 342.1 \nJul\n 521.8 \n30.0\n 20,013.7 636.1 61,162.4 382.6 \nAug\n 541.5 \n26.6\n 20,303.0 595.6 70,771.6 419.1 \nSep\n 620.0 \n27.2\n 20,731.0 478.0 83,303.0 432.0 \nOct\n 609.6 \n27.2\n 23,764.6 475.1 92,540.6 478.9 \nNov\n 575.3 \n25.6\n 22,748.6 347.3 97,945.2 473.0 \nDec\n 524.2 \n19.2\n 26,779.1 347.2 118,198.9 524.8 \nAnnual Total\n 5,903.4 \n320.1\n 214,857.4 8,099.0 754,742.1 4,248.84 \n2018\nJan\n 548.1 \n22.7\n 20,981.2 449.6 100,593.9 501.8 \nFeb\n 457.2 \n22.5\n 18,869.0 292.2 89,584.3 463.8 \nMar\n 545.2 \n23.7\n 21,996.8 268.4 116,120.0 510.5 \nApr\n 505.5 \n17.4\n 21,170.0 253.6 117,616.8 457.0 \nMay\n 611.1 \n21.2\n 23,278.2 213.2 137,423.0 496.6 \nJun\n 553.6 \n22.5\n 23,790.0 175.2 156,609.8 502.2 \nJul\n 560.2 \n20.1\n 25,075.5 223.1 169,416.8 559.6 \nAug\n 553.0 \n15.1\n 25,249.9 317.4 164,918.0 518.7 \nSep\n 543.0 \n19.4\n 24,918.0 300.8 161,289.5 511.3 \nOct\n 571.6 \n20.4\n 21,025.4 345.5 161,427.4 496.0 \nNov\n 477.4 \n16.7\n 17,845.4 334.9 133,862.1 430.6 \nDec\n 478.6 \n13.0\n 27,419.1 236.2 161,540.7 409.1 \n2019\nJan\n 401.5 \n12.2\n 40,613.8 232.6 135,481.1 413.4 \nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS \n Volumes of Transactions (000's)\n \n \n \n33 \n \n \n \nEND OF\nEXPORTS\nIMPORTS\nTOTAL TRADE TRADE BALANCE\n2017\nJan\n292.0\n385.0\n677.0\n-93.0\nFeb\n290.3\n424.4\n714.7\n-134.1\nMar\n265.7\n461.8\n727.5\n-196.1\nApr\n225.6\n405.5\n631.1\n-179.9\nMay\n268.6\n465.6\n734.2\n-197.0\nJun\n264.5\n495.1\n759.6\n-230.6\nJul\n261.9\n481.9\n743.8\n-220.0\nAug\n356.4\n448.2\n804.6\n-91.8\nSep\n324.8\n440.0\n764.8\n-115.2\nOct\n352.8\n460.8\n813.6\n-108.0\nNov\n577.7\n493.7\n1071.4\n84.0\nDec\n299.8\n556.3\n856.1\n-256.5\nTotal\n3780.2\n5518.3\n9298.5\n-1738.1\n2018\nJan\n251.2\n489.7\n740.9\n-238.5\nFeb\n346.3\n574.9\n921.2\n-228.6\nMar\n288.6\n605.8\n894.3\n-317.2\nApr\n329.6\n544.1\n873.7\n-214.5\nMay\n267.2\n532.4\n799.6\n-265.2\nJun\n384.6\n614.6\n999.3\n-230.0\nJul\n340.3\n560.0\n900.3\n-219.7\nAug\n449.3\n576.5\n1025.9\n-127.2\nSep\n353.4\n577.1\n930.5\n-223.7\nOct\n448.6\n592.3\n1040.9\n-143.7\nNov\n471.7\n628.7\n1100.4\n-157.0\nDec\n364.8\n494.7\n859.5\n-129.9\n2019\nJan\n292.6\n336.8\n629.4\n-44.2\nSource: Zimstat, 2019\nTABLE 14 : MERCHANDISE TRADE STATISTICS\n (US$ millions)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/Monthly_Economic_Reviews/Monthly-Economic-Review-Jan-2019.pdf"}

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+{"doc_id": "4de513d934b0cffc941cb35b51d06b22", "text": "[Date] \n \n \n \n \nJUNE 2016 \n \n \ni \n \nMONTHLY ECONOMIC REVIEW \nTABLE OF CONTENTS \nSELECTED ECONOMIC INDICATORS ________________________________________ 1 \nSTOCK MARKET DEVELOPMENTS __________________________________________ 2 \nMONETARY DEVELOPMENTS ______________________________________________ 3 \nINFLATION OUTTURN ______________________________________________________ 4 \nAnnual Inflation __________________________________________________________________ 5 \nMonthly Inflation _________________________________________________________________ 5 \nNATIONAL PAYMENTS SYSTEM ____________________________________________ 5 \nZimbabwe Electronic Transfer Settlement System (ZETSS) ______________________________ 5 \nCash Transactions _________________________________________________________________ 6 \nMobile and Internet Based Transactions ______________________________________________ 5 \nCard Based Transactions ___________________________________________________________ 6 \nCheque Transactions ______________________________________________________________ 6 \n \n \n \n \n \n \n1 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n2016 \nMay \n2016 \nJune \nMonth-on- \nMonth \nChange \nZ.S.E. Mining Index1 \n25.5 \n24.7 \n3.14% \nZ.S.E. Industrial Index1 \n104.7 \n101.0 \n3.53% \nNational Payment System Transactions \n(US$ millions) \n6 486.2 \n6 948.8 \n7.0% \nMoney Supply (US$ millions)2 \n5 050.9 \n5 140.7 \n1.8% \nMoney Supply (M3) Annual Growth2 (%) \n12.50 \n13.13 \n \nYearly Inflation3 (%) \n-1.69 \n-1.37 \n \nMonthly Inflation3 (%) \n-0.24 \n0.19 \n \nNominal Lending Rate2 (% per annum) \n4.0-18.0 \n4.0-18.0 \n \nSources: \n1 Zimbabwe Stock Exchange (ZSE) \n2 Reserve Bank of Zimbabwe (RBZ) \n3 Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \nMONTHLY ECONOMIC REVIEW \n2 \n \nSTOCK MARKET DEVELOPMENTS \nDuring the month of June 2016, major stock \nmarkets in USA, Europe and Asia recorded \nmixed trading. The DJIA, S&P 500, FTSE100, \nHangseng and Shanghai indices recorded gains \nwhile the Nasdaq, DAX, CAC40 and Nikkei225 \nregistered losses. \nThe performance of leading African stock \nmarkets was largely bearish during the same \nmonth. Loses were registered in Egypt, -7.2%, \nTunisia, -3.6%, South Africa, -3.2%; Morocco, \n-2.6%; and Kenya, -2.1%. Gains were, however, \nrecorded in Nigeria, 7.0%. \nBearish \ninvestor \nsentiments \ncontinued \nto \ndominate the Zimbabwe Stock Exchange (ZSE), \nas companies struggled under a difficult \noperating environment. Most companies which \nreleased their financial results cited weak \nconsumer demand as the main cause of the \nsignificant decline in their revenues which \nadversely \naffected \ntheir \nprofitability. \nConsequently, the low investor activity which \nemanated from the pessimistic outlook of the \neconomy had an adverse effect on the \nperformance of the listed companies. \nThe ZSE industrial and mining indices softened \nby 3.50% and 3.29%, to close at 101.04 points \nand 24.70 points, respectively. On a year to date \nbasis, the industrial index declined by 11.64% \nwhile the mining index registered a marginal \nincrease of 1.77%. \n \n \n \nThe low trading activity, concentrated in high \nvalue wealth preserving counters, resulted in \nturnover volumes being 10.63% lower at 88.53 \nmillion shares in June 2016, compared to 99.06 \nmillion shares in May 2016. The value of shares \ntraded stood at US$18.06 million in June 2016, \nup from US$13.9 million in May 2016. \nAgainst a background of widespread decline in \nprofitability amongst listed companies, the \npessimistic views of foreign investors resulted in \nsignificant capital outflows largely motivated by \nthe investors’ desire to limit their losses. Foreign \ninvestor participation declined, as reflected by an \nincrease in net outflows of US$4.54 million \nduring the month under review. The ZSE was \nthus on a steady downward trend during the first \nhalf of 2016. \n0\n20\n40\n60\n80\n100\n120\n140\n160\n30-Jun-15\n31-Jul-15\n31-Aug-15\n30-Sep-15\n31-Oct-15\n30-Nov-15\n31-Dec-15\n31-Jan-16\n29-Feb-16\n31-Mar-16\n30-Apr-16\n31-May-16\n30-Jun-16\nFigure 1: ZSE Indices\nIndustrial\nMining\nSource: Zimbabwe Stock Exchange, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n3 \n \n \nSource: Zimbabwe Stock Exchange, 2016 \nIn line with the negative developments on \ncounters, the ZSE lost US$100.4 million worth \nof market capitalization, reflecting a 3.48% \ndecline, from US$2.88 billion in May 2016 to \nUS$2.78 billion in June 2016. Cumulatively, \nover the year to June 2016, the ZSE lost US$1.1 \nbillion worth of capitalization. \nMONETARY DEVELOPMENTS \nThe annual broad money growth rate increased \nfrom 12.5% in May 2016, to 13.1% in June 2016. \nOn a month-on-month basis, broad money \nsupply stood at US$5 140.7 million in June 2016, \nrepresenting \na \n1.8% \nincrease \nfrom \nUS$5 050.9 million recorded in May 2016. \n \nSource: Reserve Bank of Zimbabwe, 2016 \nThe annual growth in money supply was driven \nby increases in demand deposits, 28.7%; over 30-\ndays deposits, 13.9%; and savings deposits, \n10.3%. Partially offsetting the increases was a \ndecline of 24.1% in short term deposits. \nIn terms of proportions, demand deposits \nconstituted 54.6% of total deposits; followed by \nover 30-days deposits, 19.1%; under 30-days \ndeposits, 13.2%; and savings deposits, 12.9%. \nBond coins accounted for 0.2%. \n \n \n0.00\n5.00\n10.00\n15.00\n20.00\n25.00\n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n300.00\nJun-15\nJul-15\nAug-15\nSep-15\nOct-15\nNov-15\nDec-15\nJan-16\nFeb-16\nMar-16\nApr-16\nMay-16\nJun-16\nVALUES TRADED (US$ MILLIONS)\nVOLUMES TRADED (MILLIONS)\nFigure 2: ZSE: Monthly Volumes \nFigure 2: ZSE: Monthly Volumes and Values Traded\nand Values Traded\nVolume\nTurnover\n-2\n0\n2\n4\n6\n8\n10\n12\n14\n16\n18\n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\nSep-13\nDec-13\nMar-14\nJun-14\nSep-14\nDec-14\nMar-15\nJun-15\nSep-15\nDec-15\nMar-16\nJun-16\n%\nUS$ BILLIONS\nFigure 3: Money Supply\nFigure 3: Money Supply\nM3\nM3 Annual Growth rate\n \n \nMONTHLY ECONOMIC REVIEW \n4 \n \n \n \nTotal banking sector credit registered an annual \ngrowth of 13.3% in June 2016, down from 16.4% \nin May 2016. On a monthly basis, domestic credit \nincreased by 1.6%, from US$5 627.8 million \nin May 2016 to US$5 719.6 million in June 2016. \nDuring the period under review, year-on-year \ncredit to the private sector declined by 4.5% to \nUS$ 3 571.6 million in June 2016, from US$3 \n741.7 million in June 2015. Month-on-month, \ncredit to the private sector also decreased by \n0.7% in June 2016. \n \nIn terms of composition, credit to the private \nsector comprised of loans and advances, 86.7%; \nmortgages, 9.7%; other investments, 3.1%; \nbankers’ \nacceptances, \n0.3%; \nand \nbills \ndiscounted, 0.2%. \nOn a sectoral basis, credit was distributed as \nfollows: households (23%); agriculture (18.3%); \ndistribution \n(13%); \nservices \n(17.1%); \nmanufacturing \n(15.6%); \nmining \n(5.2%); \ntransport and communications (2.8%); and \nconstruction (1.4%). \n \nSource: Reserve Bank of Zimbabwe, 2016 \nDuring the period under review, private sector \ncredit was utilized as follows: working capital, \n35.8%; inventory build-up, 31.9%; consumer \ndurables, 15.1%; fixed capital investment, \n15.5%; and pre and post shipment financing, \n1.7%. \nUnder 30 \nDays\n13.3%\nOver 30 \nDays\n19.2%\nDemand\n54.7%\nsavings\n12.9%Figure 4: Banking Sector Deposits\nFigure 4: Banking Sector DepositsJune 2016\nJune 2016\nLoans & Advances\n86.7%\nBills \nDiscounted\n0.2%\nBankers \nacceptances\n0.3%\nOther \ninvestments\n3.1%\nMortgages\n9.7%Figure 5: Credit to Private\nFigure 5: Credit to Private Sector June 2016\nJune 2016\nSource: Reserve Bank of Zimbabwe, 2016 \n \n \nMONTHLY ECONOMIC REVIEW \n5 \n \nINFLATION OUTTURN \n \nAnnual Inflation \n \nAnnual \nheadline \ninflation \nincreased \nby \n0.3 percentage points from -1.69% in May 2016, \nto -1.37% in June 2016. This was largely driven \nby an increase in non-food inflation. \n \nSource: ZIMSTAT, 2016 \nYear-on-year food inflation marginally increased \nfrom -4.1% in May 2016, to -4.0% in June 2016. \nIncreases in the prices of sugar, jam, honey, \nchocolate and confectionery items accounted for \nthe rise. \nAnnual non-food inflation stood at -0.1% in June \n2016, up from -0.5% in May 2016. This was \nlargely attributable to increases in education. \nThe \ncost \nof \neducation \nhas \nincreased \ntremendously during the course of last year with \nUniversity fees rising by 50% and other tuition \nfees by over 100%. Even if the general price level \nis on a decline the hike in education fees affects \nhouseholds negatively. \n \nMonthly Inflation \n \n \nMonth-on-month inflation stood at 0.19% in June \n2016 representing a 0.4 percentage points \nincrease from -0.24% registered in May 2016. \nThe increase was largely attributable to gains in \nnon-food inflation. \nMonthly non-food inflation increased from \n-0.12% recorded in May 2016, to 0.44% in June \n2016. This was underpinned by price increases in \neducation; restaurants and hotels; health; and \nalcoholic beverages. \nMonthly food inflation, also gained by 0.14 \npercentage \npoints, \nto \nclose \nat \n-0.35% during the same period. This was on \naccount of increases in oils and fats, non-\nalcoholic beverages, and fish and sea food. \nNATIONAL PAYMENTS SYSTEM \n \nThe value of transactions processed through the \nNational Payment System increased by 7%, \nfrom US$6 486.22 million in May 2016 to \nUS$6 948.80 million in June 2016. \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nTransactions processed through the RTGS \nsystem increased by 1% to US$4 522.24 million, \nfrom US$3 869.19 million recorded in May \n2016. The volume of RTGS transactions \nregistered \na \n35% \nincrease \nfrom \n199 256 to 268 192 in the same period. \n-5\n-4\n-3\n-2\n-1\n0\n1\n2\nFigure 6: Annual Inflation \n(%)\nHeadline Inflation\nFood\nNon Food\n \n \nMONTHLY ECONOMIC REVIEW \n6 \n \n \nSource: Reserve Bank of Zimbabwe, 2016 \n \nCash transactions \n \nCash transactions registered a 25% decline to \nclose \nthe \nmonth \nunder \nreview \nat \nUS$543.94 million. \n \nMobile and Internet Based Transactions \n \nThe total value of mobile and internet based \ntransactions decreased from US$697.83 million \nin May 2016, to US$639.19 million in June 2016. \n \n \n \n \n \n \nCard Based Transactions \n \nCard \nbased \ntransactions \ndeclined \nfrom \nUS$418.0 million recorded in May 2016, to \nUS$335.4 million in June 2016. \n \n \nCheque Transactions \n \nThe value of cheque transactions stood at \nUS$10.26 million in June 2016, down from \nUS$10.83 million recorded in May 2016. \n \nAccess Points and Devices \n \nAs at the end of June 2016, the number of POS \ndevices in the market increased to 19,280 \nrepresenting an increase of 5% from 18,330 in \nMay 2016. At the same time mobile payment \nagents stood at 34,351 as compared to 33,777 in \nMay 2016. \n \nDebit, credit and prepaid cards increased to 2.77 \nmillion in June 2016, from 2.71million recorded \nin May 2016 while bank accounts increased to \n3.86 million. \n \nThe increases in the national payment systems \nplatforms were largely driven by the current \nmarket efforts to promote the use of electronic \nmeans of payment in the economy. \n \n \nRESERVE BANK OF ZIMBABWE \nAUGUST 2016\n -\n 0.5\n 1.0\n 1.5\n 2.0\n 2.5\n 3.0\n 3.5\n 4.0\n 4.5\n 5.0\nJun-13\nOct-13\nFeb-14\nJun-14\nOct-14\nFeb-15\nJun-15\nOct-15\nFeb-16\nJun-16\n -\n 50\n 100\n 150\n 200\n 250\n 300\nVALUE IN US$ BILLIONS\nVOLUME IN THOUSANDS\nFigure 7: ZETSS Volumes and \nFigure 7: ZETSS Volumes and Values\nValues\nVolume\nValue\n \n \n7 \n \nMONTHLY ECONOMIC REVIEW \nStatistical Tables \n \n1. Monetary Statistics \n \n1.1 Monetary Aggregates \n \n \n \n \n \n 9 \n \n1.2 Broad Money Survey \n \n \n \n \n \n10 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n11 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n12 \n \n 2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 13 \n \n2.2 Sectoral Analysis of Commercial Banks Deposits \n \n14 \n \n \n \n3. External Statistics \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n15 \n \n4. Interest Rates \n \n4.1 Lending Rates \n \n \n \n \n \n \n16 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n17 \n \n5. Inflation \n \n5.1 Monthly Inflation \n \n \n \n \n \n18 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n19 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n20 \n \n7. Commercial Banks \n \n7.1 Assets \n \n \n \n \n \n \n \n21 \n \n7.2 Liabilities \n \n \n \n \n \n \n22 \n \n \n \nMONTHLY ECONOMIC REVIEW \n8 \n \n8. Merchant Banks \n \n8.1 Assets \n \n \n \n \n \n \n \n23 \n \n8.2 Liabilities \n \n \n \n \n \n \n24 \n \n 9. Building Societies \n \n9.1 Assets \n \n \n \n \n \n \n \n25 \n \n9.2 Liabilities \n \n \n \n \n \n \n26 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n27 \n \n11. Savings with Financial Institutions \n \n \n \n \n28 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n29 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n30 \n \n13.2 Volumes of Transactions \n \n \n \n \n31 \n \n \n \n \n \n \n \n \n \n9 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nFebruary\nMarch\nApril\nMay\nJune\nBond Coins\n2,684.1\n2,719.3\n3,016.3\n3,425.5\n4,445.3\n5,789.3\n7,127.0\n7,355.5\n7,457.3\n7,612.1\n7,758.5\n8,005.8\n8,106.8\nRBZ Demand Deposits\n4,035.0\n3,889.6\n3,480.3\n3,478.9\n3,485.7\n2,470.9\n726.0\n1,832.8\n2,086.4\n1,423.3\n5,061.6\n3,602.5\n3,701.2\nComm. Banks Dem. Deposits\n2,112,470.2\n2,023,527.6\n2,168,409.0\n2,166,471.3\n2,149,026.8\n2,358,226.5\n2,362,538.7\n2,430,098.0\n2,409,398.2\n2,510,951.1\n2,575,573.8\n2,644,003.9\n2,743,164.8\nMerchant Banks Dem. Deposits\n62,949.9\n62,949.9\n62,949.9\n62,157.8\n61,925.6\n58,750.3\n58,524.4\n58,511.7\n58,304.5\n58,315.0\n58,346.2\n58,364.1\n58,364.1\nM1\n2,182,139.2\n2,093,086.3\n2,237,855.5\n2,235,533.5\n2,218,883.4\n2,425,237.0\n2,428,916.0\n2,497,798.0\n2,477,246.4\n2,578,301.4\n2,646,740.1\n2,713,976.2\n2,813,336.8\nComm. Banks Savings Deposits\n248,074.6\n239,113.1\n227,534.6\n230,176.6\n231,465.3\n259,856.4\n266,166.6\n280,598.5\n291,567.7\n290,006.1\n299,136.9\n282,597.7\n270,213.2\nBuilding Soc. Savings Deposits\n279,625.3\n275,914.5\n277,271.4\n230,176.6\n294,208.3\n308,439.9\n296,041.8\n297,854.8\n305,980.4\n311,092.0\n317,629.3\n332,211.2\n313,154.7\nP O S B Savings Deposits\n73,397.6\n68,785.7\n71,554.2\n77,161.5\n73,380.5\n76,307.7\n72,505.8\n73,735.7\n73,847.9\n74,405.9\n80,067.6\n79,203.4\n79,502.7\nComm. Banks U-30 Day Deposits\n707,686.1\n587,421.2\n505,981.9\n613,287.8\n565,136.6\n565,317.5\n650,234.3\n597,527.6\n588,796.4\n506,719.1\n574,185.2\n674,068.8\n546,356.7\nMerchant Banks U-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. U- 30 Day Deposits\n188,805.2\n171,250.8\n156,077.5\n190,548.2\n144,911.8\n127,578.2\n165,352.5\n131,683.2\n123,683.2\n108,106.2\n171,635.9\n118,100.1\n134,140.9\nM2\n3,679,728.0\n3,435,571.6\n3,476,275.0\n3,576,884.3\n3,527,985.9\n3,762,736.7\n3,879,217.1\n3,879,197.9\n3,861,122.0\n3,868,630.7\n4,089,395.1\n4,200,157.3\n4,156,705.0\nComm. Banks O-30 Day Deposits\n509,642.0\n651,895.8\n622,991.6\n611,608.0\n628,213.7\n503,244.7\n420,265.1\n424,676.9\n449,879.1\n573,809.8\n519,330.5\n438,306.5\n554,032.6\nMerchant Banks O-30 Day Deposits\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\nBuilding Soc. O- 30 Day Deposits\n326,111.5\n351,579.9\n340,974.7\n303,177.5\n409,350.0\n444,267.1\n432,822.3\n413,975.8\n421,729.2\n438,461.8\n361,565.5\n374,720.6\n390,530.0\nBuilding Soc. Other Share Deposits\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\n11,266.6\nP O S B Time Deposits\n17,261.6\n23,646.5\n21,540.3\n24,019.0\n24,010.2\n23,668.6\n21,851.3\n25,326.6\n24,881.2\n24,640.9\n23,321.3\n26,430.9\n28,174.9\nM3\n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,526,955.4\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\n5,140,709.1\nSource:Reserve Bank of Zimbabwe, 2016\n US$ Thousands\nTABLE 1.1 : MONETARY AGGREGATES\n2016\n2015\n \n \nMONTHLY ECONOMIC REVIEW \n10 \n \n \nJUNE\nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nNET FOREIGN ASSETS \n-775,512.6\n-723,772.8\n-727,785.7\n-715,689.4\n-822,417.2\n-771,548.0\n-667,684.9\n-688,591.4\n-780,139.7\n-728,823.7\n-803,152.0\n-897,595.5\n-682,718.0\n Assets\n926,353.7\n843,689.2\n867,447.1\n889,018.6\n784,372.6\n667,350.7\n792,677.3\n758,634.6\n679,001.9\n687,149.8\n637,447.5\n623,538.1\n667,173.2\n Reserve Bank (RBZ)\n453,986.1\n395,771.0\n360,705.6\n360,255.9\n335,321.7\n300,180.5\n433,452.9\n424,269.1\n390,810.3\n334,552.7\n354,608.4\n407,381.8\n389,004.0\n Deposit Money Banks (DMBs) \n390,608.3\n361,517.6\n428,702.8\n448,219.8\n387,305.0\n310,522.6\n300,320.1\n302,773.5\n259,017.9\n318,832.0\n269,044.4\n200,060.3\n256,915.8\n Other Banking Institutions (OBIs) \n81,759.3\n86,400.6\n78,038.7\n80,542.9\n61,745.9\n56,647.6\n58,904.3\n31,592.0\n29,173.7\n33,765.2\n13,794.7\n16,096.0\n21,253.4\n Liabilities \\2\n-1,701,866.3\n-1,567,462.0\n-1,595,232.7\n-1,604,707.9\n-1,606,789.8\n-1,438,898.6\n-1,460,362.2\n-1,447,226.0\n-1,459,141.6\n-1,415,973.5\n-1,440,599.5\n-1,521,133.6\n-1,349,891.2\n RBZ\n1,093,306.3\n1,039,959.7\n1,056,817.9\n1,057,080.8\n1,069,972.4\n1,048,664.8\n1,096,800.8\n1,090,485.7\n1,117,823.6\n1,075,644.5\n1,117,787.5\n1,184,783.0\n1,042,014.2\n DMBs\n560,305.8\n478,956.0\n490,791.1\n504,085.0\n494,458.0\n347,787.2\n320,578.9\n313,434.2\n299,029.1\n303,288.3\n285,945.2\n300,200.0\n272,477.2\n OBIs\n48,254.1\n48,546.3\n47,623.8\n43,542.1\n42,359.5\n42,446.6\n42,982.5\n43,306.1\n42,288.9\n37,040.8\n36,866.8\n36,150.7\n35,399.8\nNET DOMESTIC ASSETS \n5,319,522.4\n5,197,733.1\n5,200,833.8\n5,301,713.1\n5,423,243.6\n5,516,731.6\n5,433,107.3\n5,443,035.2\n5,549,017.8\n5,645,633.4\n5,808,031.0\n5,948,477.4\n5,823,427.1\nDOMESTIC CREDIT\n4,869,072.4\n4,981,511.5\n5,029,107.1\n5,079,842.4\n5,196,662.7\n5,345,272.0\n5,535,396.4\n5,476,442.4\n5,489,962.3\n5,542,678.3\n5,623,621.7\n5,627,841.4\n5,719,589.2\n Claims on Government (net) \n1,074,237.6\n1,160,044.8\n1,192,006.7\n1,182,354.0\n1,253,218.7\n1,359,827.4\n1,564,354.7\n1,530,792.2\n1,671,934.4\n1,691,128.7\n1,804,057.3\n1,834,775.4\n1,948,003.0\n RBZ\n91,807.5\n243,082.9\n244,517.6\n254,297.8\n271,997.2\n314,096.4\n331,552.1\n355,230.5\n418,006.5\n446,003.9\n456,287.0\n468,433.1\n508,837.0\n DMBs\n904,112.3\n845,865.3\n860,228.9\n838,982.9\n890,154.0\n954,556.6\n1,119,720.1\n1,068,095.4\n1,153,295.1\n1,166,120.4\n1,226,195.8\n1,241,961.8\n1,305,509.6\n OBIs\n78,317.8\n71,096.6\n87,260.2\n89,073.3\n91,067.5\n91,174.4\n113,082.5\n107,466.4\n100,632.7\n79,004.4\n121,574.4\n124,380.4\n133,656.4\n Claims on Public Enterprises \n53,148.2\n48,641.8\n56,508.0\n54,523.7\n84,877.1\n83,806.0\n140,910.1\n145,507.6\n120,445.0\n179,370.7\n185,698.9\n197,207.6\n199,989.6\n RBZ\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n78,226.4\n91,056.2\n99,304.3\n DMBs\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n99,643.7\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n51,254.0\n46,510.3\n53,130.2\n50,787.7\n53,348.0\n52,504.5\n60,202.8\n67,848.4\n65,328.0\n108,062.4\n106,568.6\n105,088.3\n99,643.7\n OBIs\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n951.8\n904.0\n1,063.1\n1,041.6\n Claims on Private Sector\n3,741,686.6\n3,772,824.9\n3,780,592.5\n3,842,964.7\n3,858,567.0\n3,901,638.6\n3,830,131.6\n3,800,142.6\n3,697,582.8\n3,672,178.9\n3,633,865.5\n3,595,858.4\n3,571,596.6\n RBZ\n51,689.8\n66,722.4\n92,768.9\n67,359.3\n75,959.6\n77,442.5\n90,549.5\n93,049.5\n74,614.5\n56,342.7\n58,614.2\n58,864.7\n49,967.1\n DMBs\n2,900,630.1\n2,910,157.5\n2,875,477.3\n2,956,930.6\n2,950,844.9\n2,981,759.1\n2,874,287.6\n2,860,825.0\n2,773,512.1\n2,774,147.9\n2,736,322.0\n2,691,318.7\n2,681,469.9\n OBIs\n789,366.8\n795,945.0\n812,346.3\n818,674.8\n831,762.5\n842,437.0\n865,294.5\n846,268.2\n849,456.3\n841,688.3\n838,929.3\n845,675.0\n840,159.6\nOTHER ITEMS (NET) \n450,450.0\n216,221.6\n171,726.7\n221,870.7\n226,580.9\n171,459.6\n-102,289.2\n-33,407.2\n59,055.5\n102,955.1\n184,409.4\n320,636.1\n103,837.9\nBROAD MONEY (M3) \n4,544,009.7\n4,473,960.3\n4,473,048.2\n4,586,023.7\n4,600,826.4\n4,745,183.7\n4,765,422.3\n4,754,443.8\n4,768,878.1\n4,916,809.8\n5,004,879.1\n5,050,881.9\n5,140,709.1\nSource:Reserve Bank of Zimbabwe, 2016\n1. Building societies and P. O. S. B.\n2. Sign reversal.\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n2015\n2016\n \n \nMONTHLY ECONOMIC REVIEW \n11 \n \n \nMAY\nJUNE\nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nNET FOREIGN ASSETS \n-45,038.4\n-94,446.1\n51,739.9\n-4,012.9\n12,096.3\n-106,727.8\n50,869.2\n103,863.0\n-20,906.5\n-91,548.3\n51,316.0\n-74,328.3\n-94,443.6\n214,877.6\n Assets\n55,707.0\n115,153.3\n-82,664.5\n23,757.8\n21,571.5\n-104,646.0\n-117,021.9\n125,326.6\n-34,042.7\n-79,632.7\n8,148.0\n-49,702.3\n-13,909.4\n43,635.1\n Reserve Bank (RBZ)\n20,317.9\n150,767.5\n-58,215.1\n-35,065.4\n-449.7\n-24,934.2\n-35,141.2\n133,272.4\n-9,183.8\n-33,458.8\n-56,257.6\n20,055.8\n52,773.4\n-18,377.7\n Deposit Money Banks (DMBs)\n-5,646.2\n-28,113.6\n-29,090.7\n67,185.1\n19,517.0\n-60,914.8\n-76,782.4\n-10,202.5\n2,453.4\n-43,755.6\n59,814.1\n-49,787.5\n-68,984.1\n56,855.5\n Other Banking Institutions (OBIs) \\1\n41,035.3\n-7,500.7\n4,641.3\n-8,361.9\n2,504.2\n-18,797.0\n-5,098.3\n2,256.7\n-27,312.3\n-2,418.3\n4,591.5\n-19,970.5\n2,301.3\n5,157.4\n Liabilities \\2\n-100,745.5\n-209,599.4\n134,404.3\n-27,770.7\n-9,475.2\n-2,081.9\n167,891.2\n-21,463.6\n13,136.2\n-11,915.5\n43,168.1\n-24,626.0\n-80,534.1\n171,242.4\n RBZ\n-25,276.1\n224,375.0\n-53,346.7\n16,858.2\n262.9\n12,891.6\n-21,307.6\n48,136.0\n-6,315.1\n27,337.9\n-42,179.1\n42,143.1\n66,995.5\n-142,768.8\n DMBs\n125,794.7\n-14,486.9\n-81,349.8\n11,835.0\n13,293.9\n-9,627.0\n-146,670.7\n-27,208.4\n-7,144.6\n-14,405.1\n4,259.2\n-17,343.1\n14,254.8\n-27,722.8\n OBIs\n226.9\n-288.7\n292.2\n-922.5\n-4,081.6\n-1,182.7\n87.1\n535.9\n323.5\n-1,017.2\n-5,248.1\n-174.0\n-716.1\n-750.9\nNET DOMESTIC ASSETS \\3\n94,161.3\n150,488.4\n-121,789.3\n3,100.7\n100,879.2\n121,530.5\n93,488.0\n-83,624.4\n9,928.0\n105,982.5\n96,615.7\n162,397.6\n140,446.4\n-125,050.3\nDOMESTIC CREDIT\n288,098.0\n51,197.2\n112,439.1\n47,595.6\n50,735.3\n116,820.4\n148,609.3\n190,124.4\n-58,954.0\n13,519.9\n52,716.0\n80,943.4\n4,219.7\n91,747.9\n Claims on Government (net) \n285,335.2\n123,643.6\n85,807.2\n31,961.9\n-9,652.6\n70,864.7\n106,608.7\n204,527.3\n-33,562.5\n141,142.2\n19,194.3\n112,928.5\n30,718.1\n113,227.7\n RBZ\n-529.8\n-6,040.3\n151,275.4\n1,434.7\n9,780.2\n17,699.4\n42,099.2\n17,455.7\n23,678.3\n62,776.1\n27,997.4\n10,283.1\n12,146.1\n40,403.9\n DMBs\n285,591.8\n119,683.9\n-58,247.0\n14,363.6\n-21,245.9\n51,171.1\n64,402.6\n165,163.5\n-51,624.8\n85,199.8\n12,825.3\n60,075.4\n15,766.0\n63,547.8\n OBIs\n273.1\n10,000.0\n-7,221.2\n16,163.6\n1,813.1\n1,994.2\n106.9\n21,908.1\n-5,616.0\n-6,833.7\n-21,628.3\n42,570.0\n2,806.0\n9,276.0\n Claims on Public Enterprises \n1,832.0\n-51,158.1\n-4,506.4\n7,866.2\n-1,984.3\n30,353.4\n-1,071.0\n57,104.1\n4,597.4\n-25,062.5\n58,925.6\n6,328.3\n11,508.7\n2,782.0\n RBZ\n349.8\n102.0\n742.4\n167.2\n325.0\n27,938.9\n12.5\n49,194.3\n-2,836.7\n-22,564.6\n16,188.3\n7,869.9\n12,829.8\n8,248.1\n DMBs\n1,693.1\n-51,182.0\n-4,743.6\n6,619.9\n-2,342.5\n2,560.3\n-843.4\n7,698.3\n7,645.6\n-2,520.4\n42,734.4\n-1,493.8\n-1,480.3\n-5,444.6\n Agri-PEs\n-1,521.5\n-1,522.5\n-1,523.5\n-1,524.5\n-1,525.5\n-1,526.5\n-1,527.5\n-1,528.5\n-9,457.5\n-7,505.4\n-6,965.8\n-6,966.8\n-6,967.8\n-6,968.8\n Other\n3,214.7\n-49,659.5\n-3,220.1\n8,144.4\n-816.9\n4,086.8\n684.1\n9,226.8\n17,103.1\n4,985.0\n49,700.2\n5,473.1\n5,487.6\n1,524.3\n OBIs\n-211.0\n-78.1\n-505.2\n1,079.1\n33.1\n-145.7\n-240.1\n211.5\n-211.5\n22.5\n3.0\n-47.9\n159.1\n-21.5\n Claims on Private Sector\n930.9\n-21,288.3\n31,138.3\n7,767.5\n62,372.2\n15,602.3\n43,071.6\n-71,507.0\n-29,989.0\n-102,559.8\n-25,403.9\n-38,313.4\n-38,007.1\n-24,261.7\n RBZ\n-402.4\n20,534.2\n15,032.7\n26,046.5\n-25,409.6\n8,600.4\n1,482.9\n13,107.0\n2,500.0\n-18,435.0\n-18,271.7\n2,271.5\n250.4\n-8,897.6\n DMBs\n11,924.1\n-60,287.7\n9,527.4\n-34,680.2\n81,453.3\n-6,085.7\n30,914.2\n-107,471.5\n-13,462.6\n-87,312.9\n635.8\n-37,825.9\n-45,003.2\n-9,848.8\n OBIs\n-10,590.8\n18,465.2\n6,578.2\n16,401.3\n6,328.5\n13,087.7\n10,674.5\n22,857.6\n-19,026.4\n3,188.1\n-7,768.0\n-2,759.0\n6,745.7\n-5,515.3\nOTHER ITEMS (NET) \n-193,936.7\n99,291.2\n-234,228.4\n-44,494.9\n50,144.0\n4,710.2\n-55,121.3\n-273,748.8\n68,882.0\n92,462.7\n43,899.6\n81,454.2\n136,226.7\n-216,798.2\nBROAD MONEY (M3) \n49,122.9\n56,042.3\n-70,049.4\n-912.2\n112,975.5\n14,802.7\n144,357.2\n20,238.7\n-10,978.5\n14,434.3\n147,931.7\n88,069.3\n46,002.9\n89,827.2\n Broad Money (M3) \n1.11%\n1.2%\n-1.54%\n-0.02%\n2.53%\n0.32%\n3.14%\n0.43%\n-0.23%\n0.30%\n3.10%\n1.79%\n0.92%\n1.78%\n Domestic Credit \n6.36%\n1.1%\n2.31%\n0.96%\n1.01%\n2.30%\n2.86%\n3.56%\n-1.07%\n0.25%\n0.96%\n1.46%\n0.08%\n1.63%\n Claims on Private Sector\n0.02%\n-0.6%\n0.83%\n0.21%\n1.65%\n0.41%\n1.12%\n-1.83%\n-0.78%\n-2.70%\n-0.69%\n-1.04%\n-1.05%\n-0.67%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n2015\n2016\n \n \nMONTHLY ECONOMIC REVIEW \n12 \n \nJUNE\nJULY\nAUGUST\nSEPT\nOCT\nNOV\nDEC\nJAN\nFEB\nMAR\nAPR\nMAY\nJUNE\nNET FOREIGN ASSETS \n-180,094.9\n-22,698.6\n-100,052.1\n-179,455.4\n-223,571.1\n-3,723.5\n51,716.5\n25,599.2\n-16,833.2\n-162,864.4\n-167,123.9\n-216,529.0\n92,794.6\n Assets\n-200,283.4\n-183,460.8\n-212,180.1\n-216,884.3\n-214,670.1\n-160,163.5\n-103,502.5\n-72,324.8\n-58,831.6\n-128,929.8\n-118,045.9\n-187,662.4\n-259,180.5\n Reserve Bank (RBZ)\n79,429.5\n68,475.7\n-50,976.1\n-260,229.1\n-172,834.3\n-34,353.8\n70,271.8\n67,607.2\n109,920.3\n52,382.6\n71,707.8\n104,163.2\n-64,982.0\n Deposit Money Banks (DMBs)\n-294,731.2\n-262,175.5\n-175,757.2\n33,238.4\n-45,036.0\n-106,467.2\n-162,792.6\n-103,107.2\n-141,455.7\n-150,731.3\n-155,323.7\n-218,661.6\n-133,692.5\n Other Banking Institutions (OBIs) \\1\n15,018.3\n10,239.0\n14,553.2\n10,106.4\n3,200.1\n-19,342.5\n-10,981.7\n-36,824.9\n-27,296.3\n-30,581.0\n-34,430.0\n-73,164.0\n-60,506.0\n Liabilities \\2\n20,188.5\n160,762.2\n112,128.0\n37,428.9\n-8,901.0\n156,440.0\n155,218.9\n97,924.0\n41,998.4\n-33,934.6\n-49,078.0\n-28,866.7\n351,975.1\n RBZ\n-48,600.0\n-96,131.8\n-60,845.6\n19,340.3\n34,361.2\n18,611.0\n75,864.3\n83,389.7\n108,661.8\n217,549.1\n223,580.0\n315,851.6\n-51,292.1\n DMBs\n14,958.5\n-83,111.7\n-63,177.9\n-46,073.7\n-13,602.2\n-162,923.9\n-219,844.2\n-170,029.2\n-139,327.3\n-169,893.9\n-163,052.9\n-274,592.8\n-287,828.7\n OBIs\n13,453.0\n18,481.3\n11,895.4\n-10,695.4\n-11,858.0\n-12,127.1\n-11,239.0\n-11,284.5\n-11,332.9\n-13,720.6\n-11,449.1\n-12,392.1\n-12,854.3\nNET DOMESTIC ASSETS \\3\n400,538.7\n272,589.1\n251,024.5\n376,976.5\n367,137.9\n333,441.6\n310,287.2\n388,719.3\n447,824.3\n709,354.1\n733,158.4\n779,443.5\n503,904.7\nDOMESTIC CREDIT\n695,004.5\n776,284.9\n794,638.6\n812,660.2\n865,327.7\n992,339.8\n1,156,742.8\n1,244,947.0\n1,240,909.9\n1,171,650.7\n1,093,844.4\n809,966.1\n850,516.8\n Claims on Government (net) \n575,620.5\n736,056.5\n754,533.2\n739,918.1\n782,714.1\n897,401.8\n1,048,718.3\n986,766.1\n1,122,755.2\n1,153,453.4\n1,138,798.4\n884,181.4\n873,765.5\n RBZ\n92,986.5\n289,241.2\n270,492.4\n290,213.2\n286,430.3\n328,127.9\n356,615.8\n367,824.5\n430,914.6\n468,278.0\n357,909.4\n370,585.4\n417,029.5\n DMBs\n444,479.8\n415,882.2\n448,362.7\n412,213.7\n457,069.2\n511,078.6\n631,757.3\n563,398.7\n643,214.9\n665,775.9\n727,359.2\n457,533.3\n401,397.3\n OBIs\n38,154.2\n30,933.0\n35,678.2\n37,491.3\n39,214.6\n58,195.3\n60,345.2\n55,543.0\n48,625.8\n19,399.5\n53,529.8\n56,062.7\n55,338.7\n Claims on Public Enterprises \n-20,025.0\n-28,752.0\n-13,816.8\n-17,867.0\n12,502.1\n17,145.1\n74,160.0\n80,539.8\n51,500.7\n107,827.5\n83,224.6\n92,901.3\n146,841.4\n RBZ\n1,189.1\n1,931.5\n2,098.7\n2,423.7\n30,362.6\n30,375.1\n79,569.5\n76,732.8\n54,168.2\n70,356.5\n77,489.1\n89,969.1\n98,115.2\n DMBs\n-21,919.3\n-30,883.4\n-17,194.6\n-21,602.9\n-19,027.0\n-14,156.5\n-6,547.4\n2,880.7\n-3,616.3\n38,245.6\n5,825.7\n2,652.3\n48,389.8\n Agri-PEs\n-1,516.3\n-1,511.0\n-1,514.5\n-1,515.5\n-1,515.5\n-1,516.5\n-1,517.5\n-1,518.5\n-1,519.5\n-1,520.5\n-1,521.5\n-1,522.5\n-1,523.5\n Other\n-20,403.0\n-29,372.5\n-15,680.0\n-20,087.4\n-17,511.5\n-12,639.9\n-5,029.8\n4,399.2\n-2,096.7\n39,766.1\n7,347.3\n4,174.9\n49,913.3\n OBIs\n705.1\n200.0\n1,279.1\n1,312.2\n1,166.5\n926.4\n1,137.9\n926.4\n948.9\n-774.5\n-90.2\n279.9\n336.4\n Claims on Private Sector\n139,409.0\n68,980.4\n53,922.1\n90,609.0\n70,111.5\n77,793.0\n33,864.5\n177,641.0\n66,654.0\n-89,630.2\n-128,178.6\n-167,116.6\n-170,090.0\n RBZ\n16,964.5\n31,997.2\n58,043.6\n32,634.0\n41,234.4\n42,717.2\n55,824.2\n58,324.2\n39,889.2\n24,933.7\n27,056.2\n27,709.1\n-1,722.7\n DMBs\n-55,223.4\n-103,031.0\n-141,232.5\n-64,459.1\n-65,906.0\n-55,036.1\n-135,814.0\n25,822.4\n-50,903.8\n-186,744.5\n-212,671.7\n-269,599.0\n-219,160.2\n OBIs\n177,667.9\n140,014.2\n137,110.9\n122,434.1\n94,783.1\n90,111.8\n113,854.3\n93,494.4\n77,668.6\n72,180.6\n57,436.9\n74,773.4\n50,792.9\nOTHER ITEMS (NET) \n-294,465.8\n-503,695.8\n-543,614.1\n-435,683.7\n-498,189.8\n-658,898.2\n-846,455.6\n-856,227.7\n-793,085.7\n-462,296.6\n-360,686.0\n-30,522.6\n-346,612.1\nBROAD MONEY (M3) \n220,443.8\n249,890.4\n150,972.4\n197,521.1\n143,566.8\n329,718.1\n362,003.6\n414,318.5\n430,991.1\n546,489.7\n566,034.5\n562,914.4\n596,699.4\nGROWTH RATES\n Broad Money (M3) \n5.1%\n5.9%\n3.5%\n4.5%\n3.2%\n7.5%\n8.2%\n9.5%\n9.9%\n12.5%\n12.8%\n12.5%\n13.1%\n Domestic Credit \n16.7%\n18.5%\n18.8%\n19.0%\n20.0%\n22.8%\n26.4%\n29.4%\n29.2%\n26.8%\n24.1%\n16.8%\n17.5%\n Claims on Private Sector\n3.9%\n1.9%\n1.4%\n2.4%\n1.9%\n2.0%\n0.9%\n4.9%\n1.8%\n-2.4%\n-3.4%\n-4.4%\n-4.5%\nSource:Reserve Bank of Zimbabwe, 2016\n1. Finance houses, building societies and P. O. S. B.\n2. Sign reversal.\n3. Net Domestic Assets consist of domestic credit and other items net.\n2016\n$ Thousands\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n2015\n \n \n13 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATE\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2015 \nJan\n541,656.5\n46,681.6\n39,906.8\n445,656.6\n21,454.5\n131,350.1\n466,896.6\n207,686.6\n452,817.5\n47,945.7\n557,066.9\n1,401.2\n2,960,820.4\nFeb\n538,722.0\n42,062.8\n47,395.1\n446,647.8\n21,790.0\n117,681.6\n461,237.6\n214,420.4\n463,884.6\n48,357.0\n544,838.5\n1,416.2\n2,948,453.6\nMar\n549,118.0\n42,010.1\n44,087.2\n448,278.7\n76,302.3\n110,180.3\n473,978.1\n203,327.9\n466,104.7\n48,938.0\n550,140.6\n1,339.6\n3,013,805.6\nApr\n556,457.4\n30,687.3\n44,546.9\n451,852.9\n65,696.1\n72,653.7\n457,797.1\n202,418.2\n518,353.6\n47,653.8\n551,662.8\n990.1\n3,000,770.0\nMay\n577,258.6\n31,400.7\n44,839.1\n456,652.1\n64,792.3\n75,682.2\n460,700.3\n192,377.2\n545,363.4\n50,061.9\n561,058.3\n1,034.4\n3,061,220.5\nJun\n576,485.1\n29,649.0\n56,936.5\n463,750.7\n20,117.9\n91,678.4\n407,949.0\n181,512.7\n512,108.4\n40,839.7\n590,917.1\n965.9\n2,972,910.2\nJul\n589,866.7\n27,447.9\n56,456.1\n474,568.7\n21,025.9\n92,335.6\n418,612.0\n186,238.8\n416,928.9\n41,201.6\n579,629.0\n941.4\n2,905,252.7\nAug\n580,775.3\n28,148.8\n58,618.6\n460,451.4\n22,509.2\n105,466.9\n411,831.6\n176,732.7\n440,470.4\n41,154.5\n571,926.0\n886.9\n2,898,972.1\nSep\n598,429.9\n28,307.9\n59,213.0\n443,604.1\n22,711.9\n102,015.0\n421,228.0\n174,144.2\n467,804.5\n43,051.0\n569,250.1\n929.5\n2,930,689.0\nOct\n609,537.2\n33,868.4\n53,813.7\n466,727.6\n21,566.0\n104,959.3\n447,136.6\n141,401.6\n484,254.8\n40,156.6\n573,330.4\n907.7\n2,977,660.0\nNov\n650,547.2\n28,696.7\n49,784.9\n440,864.2\n12,868.9\n104,288.1\n428,393.1\n152,136.9\n444,207.8\n40,760.5\n543,920.4\n696.2\n2,897,164.8\nDec\n590,610.6\n30,958.8\n44,706.5\n366,799.2\n13,354.6\n87,897.5\n450,208.5\n163,452.9\n475,424.5\n40,154.3\n518,998.3\n527.5\n2,783,093.0\n2016\nJan\n577,684.4\n35,033.6\n35,535.9\n379,618.2\n13,329.2\n68,325.8\n476,677.0\n158,150.5\n410,992.6\n40,295.6\n535,379.3\n380.2\n2,731,402.2\nFeb\n539,562.8\n35,885.1\n37,857.4\n374,835.1\n13,285.9\n63,301.8\n473,970.3\n155,889.4\n415,520.6\n40,862.5\n531,789.5\n365.3\n2,683,125.7\nMar\n586,349.7\n39,180.5\n41,037.5\n371,809.6\n13,397.9\n63,061.4\n444,769.1\n156,209.2\n402,900.5\n44,606.7\n588,882.7\n410.7\n2,752,615.5\nApr\n527,545.8\n46,612.5\n40,624.2\n379,572.0\n13,428.1\n69,469.7\n437,795.4\n142,682.1\n421,335.6\n43,921.4\n645,037.3\n9,410.0\n2,777,434.0\nMay\n522,239.8\n40,194.4\n38,496.8\n358,042.5\n13,280.8\n65,381.2\n439,295.5\n145,180.0\n401,304.1\n41,908.5\n651,719.3\n9,579.0\n2,726,621.9\nJune\n510,016.8\n39,316.9\n36,866.1\n361,138.1\n12,764.5\n68,850.3\n433,145.3\n143,595.6\n476,484.5\n42,179.6\n650,071.4\n9,739.2\n2,784,168.3\nSource:Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n14 \n \n \n \n \n \n \n \nEND OF\nAGRICULTURE CONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2015\nJan\n155,304.2\n63,950.4\n136,066.9\n349,099.7\n294,145.5\n809,684.0\n314,319.6\n113,452.0\n1,034,514.7\n48,876.5\n606,370.3\n78,746.0\n4,004,529.8\nFeb\n151,740.1\n63,112.6\n109,807.6\n370,581.8\n314,944.7\n784,737.6\n309,307.9\n120,255.1\n1,028,160.1\n43,112.0\n606,650.6\n78,891.2\n3,981,301.2\nMar\n199,484.8\n63,709.2\n116,397.4\n378,460.0\n351,448.0\n762,380.7\n373,911.9\n99,744.6\n912,654.4\n42,478.9\n644,951.3\n72,605.2\n4,018,226.6\nApr\n186,896.3\n65,974.0\n130,284.9\n380,884.8\n330,001.9\n799,952.4\n373,648.3\n109,735.0\n944,772.9\n44,964.9\n653,801.0\n75,850.9\n4,096,767.2\nMay\n185,803.2\n73,167.5\n111,512.1\n523,774.7\n299,659.2\n801,335.5\n419,453.7\n113,355.0\n1,041,392.8\n50,057.9\n619,767.9\n71,388.8\n4,310,668.3\nJun\n187,657.0\n76,777.8\n109,336.0\n498,031.3\n304,087.2\n877,042.8\n338,069.8\n67,556.6\n1,131,497.1\n43,949.0\n651,072.8\n72,166.9\n4,357,244.2\nJul\n180,261.3\n80,536.4\n106,645.3\n452,744.1\n295,611.1\n911,363.8\n360,746.5\n88,518.4\n971,759.9\n53,101.6\n647,215.1\n70,618.8\n4,219,122.4\nAug\n168,075.2\n86,038.9\n108,477.7\n472,875.1\n335,158.3\n784,616.6\n401,830.1\n76,647.0\n1,042,260.4\n55,455.9\n657,177.1\n51,922.5\n4,240,535.0\nSep\n197,641.5\n85,842.6\n112,415.3\n462,925.6\n349,564.2\n831,813.0\n379,121.4\n71,090.0\n1,033,106.7\n53,348.1\n676,308.0\n55,759.2\n4,308,935.5\nOct\n219,922.3\n85,382.0\n116,874.4\n447,200.7\n331,543.6\n821,640.8\n378,568.5\n68,298.7\n1,100,719.7\n55,846.7\n648,757.5\n67,353.2\n4,342,108.3\nNov\n212,806.1\n85,815.7\n98,468.4\n465,089.7\n334,835.6\n846,959.0\n363,754.4\n71,866.2\n1,074,141.8\n56,110.3\n665,421.1\n64,630.3\n4,339,898.7\nDec\n196,092.9\n88,273.0\n102,636.9\n518,411.4\n336,909.2\n864,491.7\n307,845.0\n63,337.5\n1,163,771.1\n57,410.5\n639,985.6\n66,435.7\n4,405,600.5\n2016\nJan\n231,827.3\n101,724.1\n93,544.2\n517,089.2\n325,203.1\n977,272.1\n345,812.2\n62,026.3\n1,083,702.7\n61,755.6\n618,080.1\n58,808.7\n4,476,845.6\nFeb\n226,568.3\n105,747.9\n97,684.4\n525,070.9\n339,839.0\n896,869.2\n326,026.0\n59,381.3\n1,047,904.6\n63,248.3\n634,478.3\n63,017.8\n4,385,835.9\nMar\n243,546.9\n102,238.4\n116,471.1\n582,943.5\n362,058.8\n879,340.8\n368,689.6\n60,514.0\n402,900.5\n62,839.4\n642,779.4\n61,037.6\n4,556,027.1\nApr\n243,151.6\n102,234.0\n112,219.5\n569,660.7\n360,299.5\n907,855.6\n335,068.6\n71,721.0\n1,156,122.6\n63,858.0\n628,901.1\n61,087.0\n4,612,179.4\nMay\n236,180.5\n97,008.6\n120,726.3\n593,284.9\n371,034.5\n923,580.9\n356,500.9\n99,176.4\n1,107,956.8\n61,396.5\n607,501.4\n64,066.3\n4,638,413.9\nJune\n218,386.8\n103,914.2\n134,181.8\n596,904.8\n362,400.2\n973,333.3\n316,490.8\n58,856.9\n1,128,688.7\n72,063.3\n601,813.8\n61,833.2\n4,628,867.8\nSource: Reserve Bank of Zimbabwe,2016\n/1 Including the only merchant bank still in operation.\n TABLE 2.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ Thousands\n \n \nMONTHLY ECONOMIC REVIEW \n15 \n \n \n \n \n \n \nEnd Period\n1999\n2000\n2001\n2002\n2003\n2004\n2005\n2006\n2007\n2008\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n(US$ millions)\nLong-Term External Debt\n3,530\n3,227\n3,255\n3,327\n3,644\n3,927\n3,805\n3,965\n4,032\n4,464\n4,951\n5,175\n6,096\n6,607\n7,370\n8,444\n8,426\nGovernment\n2,461\n2,249\n2,328\n2,376\n2,617\n2,844\n2,895\n3,024\n3,054\n3,464\n4,037\n4,095\n4,638\n4,929\n5,012\n4,522\n5,293\nBilateral Creditors\n935\n1,050\n1,115\n1,107\n1,255\n1,455\n1,438\n1,520\n1,520\n1,863\n2,308\n2,325\n2,597\n2,694\n2,928\n2,445\n3,310\nMultilateral Creditors\n1,235\n1,199\n1,213\n1,269\n1,362\n1,389\n1,457\n1,504\n1,524\n1,592\n1,729\n1,770\n2,041\n2,235\n2,084\n2,078\n1,982\nPrivate Creditors\n291\n0\n0\n0\n0\n0\n0\n0\n10\n10\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n543\n534\n568\n616\n698\n714\n709\n766\n790\n825\n857\n938\n1,092\n1,198\n1,356\n1,661\n1,220\nBilateral Creditors\n316\n301\n315\n351\n403\n442\n439\n464\n474\n497\n453\n238\n711\n703\n858\n1,155\n760\nMultilateral Creditors\n224\n233\n253\n265\n295\n272\n270\n302\n316\n327\n403\n700\n382\n495\n498\n506\n460\nPrivate Creditors\n3\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nMultilateral Creditors - IMF\n364\n292\n292\n279\n288\n291\n144\n130\n137\n140\n140\n138\n127\n125\n125\n120\n110\nPrivate\n162\n152\n67\n56\n41\n78\n57\n45\n51\n35\n57\n142\n366\n480\n1,002\n2,261\n1,913\nShort-Term External Debt\n532\n298\n167\n183\n169\n144\n173\n281\n387\n226\n1,198\n1,382\n1,289\n890\n1,564\n2,394\n2,258\nSupplier's Credits\n150\n42\n13\n26\n51\n69\n107\n122\n178\n41\n193\n286\n134\n30\n0\n0\n0\nReserve Bank\n642\n642\n618\n614\n614\n587\n587\nPrivate\n382\n256\n154\n157\n118\n75\n66\n159\n209\n185\n363\n454\n537\n246\n950\n1,807\n1,671\nTotal External Debt\n4,062\n3,525\n3,422\n3,510\n3,812\n4,071\n3,978\n4,246\n4,419\n4,690\n6,149\n6,557\n7,385\n7,497\n8,934\n10,838\n10,684\nSource: Ministry of Finance & Economic Development, 2016; & Reserve Bank of Zimbabwe, 2016\nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n \n16 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \nEnd Period\nNominal Lending Rates2\nIndividuals \nCorporate\n2015 \nJan\n6.00-35.00\n14.16 \n9.66 \nFeb\n4.30-33.50\n14.00 \n9.73 \nMar\n4.30-33.50\n13.24 \n8.75 \nApr\n4.30-31.00\n12.71 \n8.84 \nMay\n5.00-31.00\n12.74 \n8.79 \nJun\n5.00-31.00\n11.94 \n8.42 \nJul\n5.00-31.00\n11.86 \n8.56 \nAug\n4.30-26.00\n11.96 \n8.51 \nSep\n4.30-25.00\n11.81 \n8.47 \nOct\n4.00-18.00\n10.98 \n7.28 \nNov\n4.00-16.25\n12.20 \n7.67 \nDec\n6.00-16.00\n11.99 \n7.57 \n2016 \nJan\n6.00-22.00\n12.08 \n7.38 \nFeb\n4.00-22.00\n11.48 \n7.29 \nMar\n4.00-22.00\n11.44 \n7.16 \nApr\n4.00-22.00\n11.50 \n7.20 \nMay\n4.00-18.00\n11.43 \n7.35 \nJune\n4.00-18.00\n11.40 \n7.48 \nSource:Reserve Bank of Zimbabwe, 2016\nNotes\n3. Lending rates exclude rates on staff loans. \nTABLE 4.1 LENDING RATES (percent per annum)1\n2. Nominal Lending Rates depict the range of rates quoted by banks.\nCommercial Banks\nWeighted Average Lending Rates 3 \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n \nMONTHLY ECONOMIC REVIEW \n17 \n \n \n \n \n \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2015 \nJan\n0.15-8.00\n3.00-17.00\nFeb\n0.50-12.00\n1.00-17.00\nMar\n0.50-12.00\n1.00-17.00\nApr\n0.30-8.00\n1.00-17.00\nMay\n0.30-8.00\n1.00-17.00\nJun\n0.30-8.00\n1.00-17.00\nJul\n0.30-8.00\n1.00-15.00\nAug\n0.30-8.00\n1.00-15.00\nSep\n0.30-8.00\n1.00-16.00\nOct\n0.50-8.00\n1.00-17.00\nNov\n0.75-8.00\n1.00-17.00\nDec\n0.50-8.00\n0.75-17.00\n2016 \nJan\n0.50-8.00\n0.75-17.00\nFeb\n0.50-8.00\n0.75-17.00\nMar\n0.50-8.00\n0.75-17.00\nApr\n0.50-8.00\n0.75-17.00\nMay\n0.50-8.00\n0.75-17.00\nJune\n0.5-6.00\n0.75-17.00\n Source:Reserve Bank of Zimbabwe, 2016\n* The range of rates qouted by banks during the period.\nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)*\nCOMMERCIAL BANKS\n \n \n18 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \nFOOD \nINFLATION\nALL\nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT\nCOMMUNICATION\nRECREATION \n&\nEDUCATION\nRESTAURANTS \n&\nMISC.\nTOTAL NON\nFOOD & \nITEMS\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\nNON \nALCOHOLIC \nBEVERAGES\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015 \nJan\n-0.04\n-0.01\n0.08\n0.07\n0.06\n-0.97\n-13.41\n0.02\n-0.08\n-0.48\n0.30\n-0.69\n0.40\n-0.34\nFeb\n0.25\n-0.35\n-0.09\n-0.11\n-0.02\n-0.41\n-0.10\n-0.17\n0.00\n-0.28\n0.10\n-0.13\n0.05\n-0.07\nMar\n0.12\n-0.27\n-0.06\n-0.02\n-0.05\n0.02\n0.00\n0.03\n0.00\n0.12\n0.10\n-0.03\n-0.03\n-0.03\nApr\n-0.63\n-0.01\n-0.71\n-3.35\n-0.46\n-0.05\n-0.15\n-0.13\n-0.07\n0.59\n0.41\n-0.04\n-1.01\n-0.89\nMay\n-0.17\n-0.41\n0.18\n-0.25\n0.10\n-0.25\n-0.02\n-0.11\n0.00\n-0.08\n-0.44\n-0.10\n-0.37\n-0.19\nJun\n0.36\n-0.06\n-0.02\n-0.07\n-0.17\n0.06\n0.01\n-0.09\n0.00\n-0.07\n0.11\n0.01\n-0.45\n-0.14\nJul\n-0.08\n0.05\n-0.56\n-0.82\n0.15\n-0.09\n-0.02\n-0.14\n7.48\n-0.02\n0.03\n0.47\n-0.81\n0.06\nAug\n-0.27\n-0.01\n0.02\n-0.14\n-0.04\n-0.29\n-0.06\n-0.26\n0.00\n-0.14\n-0.09\n-0.10\n-0.75\n-0.36\nSep\n-0.05\n0.00\n-0.62\n-0.52\n0.04\n-0.42\n-0.38\n-0.01\n0.00\n1.28\n-0.30\n-0.31\n-0.47\n-0.36\nOct\n-0.43\n-0.31\n-0.08\n-0.32\n0.61\n-0.47\n0.02\n-0.14\n0.00\n-0.18\n0.12\n-0.17\n-0.53\n-0.29\nNov\n-0.15\n-0.19\n-0.01\n-0.24\n0.00\n-0.08\n-0.23\n-0.02\n2.83\n-0.03\n-0.02\n0.22\n0.04\n0.16\nDec\n-0.41\n-0.15\n0.18\n-0.07\n-0.06\n-0.25\n-0.03\n0.09\n0.00\n-0.07\n-0.30\n-0.06\n-0.21\n-0.11\n2016 \nJan\n0.05\n-0.02\n-0.04\n-0.30\n-0.15\n-0.37\n0.00\n-0.18\n0.00\n-0.16\n-0.29\n-0.13\n0.13\n-0.05\nFeb\n-0.14\n0.00\n-0.12\n-0.19\n-0.17\n-0.37\n-0.13\n-0.01\n0.00\n-0.17\n0.06\n-0.14\n-0.03\n-0.10\nMar\n-0.15\n-0.17\n-1.03\n-0.73\n-0.13\n-0.30\n0.42\n-0.04\n3.36\n-0.62\n-0.60\n-0.11\n-0.13\n-0.12\nApr\n0.03\n-0.14\n-0.02\n-0.32\n0.00\n0.07\n-0.08\n-0.02\n-0.01\n-0.09\n-0.35\n-0.08\n-0.51\n-0.21\nMay\n-0.29\n-0.22\n0.12\n-0.11\n-0.18\n-0.11\n-1.61\n0.06\n0.00\n0.02\n-0.33\n-0.12\n-0.49\n-0.24\nJune\n0.07\n-0.21\n0.58\n0.03\n0.15\n-0.08\n-0.01\n-0.23\n2.65\n0.31\n0.09\n0.44\n-0.35\n0.19\nSource:Zimstat, 2016\nNON-FOOD INFLATION\nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX\n( DECEMBER 2012 = 100)\n \n \nMONTHLY ECONOMIC REVIEW \n19 \n \nFOOD \nIN FLA TION\nA LL\nA LC OHOLIC \nB EV ER A GES \nC LOTHIN G\nHOU S IN G, \nWA TER ,\nFU R N ITU R E\nHEA LTH\nTR A N S POR T\nC OM M U N IC A TION\nR EC R EA TION \n&\nED U C A TION\nR ES TA U R A N TS \n&\nM IS C .\nTOTA L N ON\nFOOD & \nITEM S\n& TOB A C C O\n& FOOTWEA R\nELEC TR IC TY , \nGA S\nA N D\nC U LTU R E\nHOTELS\nGOOD S &\nFOOD\nN ON \nA LC OHOLIC \nB EV ER A GES\n& OTHER\nEQU IPM EN T\nS ER V IC ES\nFU ELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2015\nJan\n0.47\n0.00\n-0.16\n-1.86\n1.21\n0.19\n-13.69\n-0.44\n4.35\n-2.16\n-1.82\n-0.57\n-2.74\n-1.28\nFeb\n0.73\n-0.25\n-0.14\n-1.88\n1.10\n-0.30\n-13.78\n-0.57\n4.11\n-2.36\n-1.80\n-0.68\n-2.87\n-1.40\nMar\n0.90\n-0.46\n0.62\n-1.78\n1.03\n-0.28\n-13.78\n-0.54\n4.11\n-2.26\n-1.41\n-0.44\n-2.77\n-1.20\nApr\n-2.93\n0.59\n-1.07\n-2.62\n-1.50\n0.81\n-0.76\n-13.88\n-0.95\n-7.02\n-0.84\n-1.41\n-2.51\n-2.65\nMay\n0.31\n-1.37\n-2.39\n-1.45\n0.92\n-1.23\n-13.87\n-0.86\n-7.09\n-0.79\n-1.42\n-2.56\n-3.00\n-2.70\nJun\n0.72\n-1.54\n-2.41\n-1.58\n0.45\n-1.14\n0.00\n-0.87\n-7.09\n-0.75\n-1.38\n-2.57\n-3.32\n-2.81\nJul\n0.74\n-1.61\n-3.24\n-2.37\n0.50\n-1.12\n-13.77\n-0.93\n-1.90\n-1.61\n-0.99\n-2.35\n-3.65\n-2.77\nAug\n0.61\n-1.53\n-3.22\n-2.37\n0.42\n-1.67\n-13.77\n-1.11\n-1.88\n-1.78\n0.13\n-2.38\n-3.59\n-2.77\nSep\n0.47\n-1.67\n-4.25\n-2.62\n0.25\n-2.45\n-14.05\n-0.99\n-1.88\n-0.12\n-0.28\n-2.83\n-3.72\n-3.11\nOct\n-0.12\n-2.04\n-4.33\n-2.80\n0.86\n-2.64\n-13.98\n-1.09\n-1.89\n-0.32\n-0.20\n-2.95\n-4.00\n-3.29\nNov\n-0.45\n-2.35\n-4.32\n-2.94\n0.77\n-2.81\n-14.19\n-1.14\n11.08\n0.28\n-0.27\n-1.80\n-3.85\n-2.46\nDec\n-0.88\n-2.39\n-4.29\n-2.91\n0.57\n-3.24\n-14.22\n-0.89\n11.08\n0.43\n-0.42\n-1.89\n-3.71\n-2.47\n2016\nJan\n-0.79\n-2.41\n-4.40\n-3.27\n0.37\n-2.66\n-0.93\n-1.09\n11.17\n0.75\n-1.01\n-1.34\n-3.96\n-2.19\nFeb\n-1.16\n-2.06\n-4.43\n-3.35\n0.22\n-2.62\n-0.97\n0.21\n11.17\n0.96\n-1.17\n-1.35\n-4.04\n-2.22\nMar\n-1.43\n-1.97\n-5.36\n-4.04\n0.14\n-2.92\n-0.55\n-1.00\n14.91\n0.21\n-1.86\n-1.43\n-4.13\n-2.31\nApr\n-1.40\n-1.40\n-2.11\n-3.91\n0.19\n-2.71\n-0.50\n-0.95\n14.21\n-0.28\n-2.17\n-0.51\n-4.02\n-1.64\nMay\n-1.52\n-1.21\n-2.17\n-3.77\n-0.10\n-2.57\n-2.09\n-0.78\n14.21\n-0.18\n-2.07\n-0.53\n-4.13\n-1.69\nJune\n-1.80\n-1.36\n-1.58\n-3.67\n0.21\n-2.71\n-2.10\n-0.92\n17.24\n0.20\n-2.09\n-0.09\n-4.04\n-1.37\nSource: Zimstat, 2016\nN ON - FOOD IN FLA TION\nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1\n(DECEMBER 2012 = 100)\n \n \n20 \n \nMONTHLY ECONOMIC REVIEW \n \nSA\nBW\nJAPANESE\nEUROPEAN\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nCURRENCY/2\nSTERLING/2\n2015\nJAN\n11.5530\n9.6108\n117.8500\n1.1334\n1.5081\nFEB\n11.5530\n9.6108\n119.1700\n1.1200\n1.5400\nMAR\n12.1600\n9.9600\n120.1900\n1.0790\n1.4771\nAPR\n11.8200\n9.7400\n118.6000\n1.1100\n1.5400\nMAY\n12.1338\n9.7561\n123.8650\n1.0947\n1.5300\nJUNE\n12.2600\n9.9200\n122.3100\n1.1191\n1.5723\nJULY\n12.7100\n10.6700\n124.0300\n1.0941\n1.5601\nAUG\n13.3100\n10.2000\n121.1100\n1.1247\n1.5427\nSEPT\n13.9000\n10.5500\n119.9400\n1.1245\n1.5385\nOCT\n13.8500\n10.4700\n121.1500\n1.0981\n1.5400\nNOV\n14.3958\n10.6952\n122.7250\n1.0589\n1.5315\nDEC\n15.5600\n11.0990\n120.4200\n1.0929\n1.4925\n2016\nJAN\n16.0900\n11.4300\n120.5500\n1.0905\n1.4493\nFEB\n16.1100\n11.2700\n113.0300\n1.0990\n1.3880\nMAR\n15.4500\n11.1000\n112.9500\n1.1100\n1.4200\nAPR\n14.6200\n10.7575\n109.6825\n1.1340\n1.4306\nMAY\n15.3200\n10.9800\n108.9323\n1.1340\n1.4522\nJUNE\n14.8834\n10.9349\n102.6700\n1.1095\n1.3397\nSource: Reserve Bank of Zimbabwe, 2016\n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES\n1. Foreign currency per US Dollar.\n2. US Dollar per unit of foreign currency.\n \n \n21 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\n&\nBalances\nBalances \nBalances\nwith RBZ\nBond\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgric PEs\nCoins\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.6\n222.5\n527.9\n159.0\n182.6\n163.6\n325.7\n0.0\n1,581.9\n \n21.4\n2,796.76\n \n557.7\n360.2\n366.1\n5,684.2\n \n Feb\n0.4\n216.7\n501.2\n149.6\n183.2\n128.6\n344.6\n0.0\n1,524.2\n \n17.9\n2,792.50\n \n564.8\n325.3\n356.8\n5,581.5\n \n Mar\n0.6\n246.9\n461.4\n147.8\n222.2\n121.6\n338.0\n5.4\n1,543.8\n \n15.5\n2,925.46\n \n527.3\n352.5\n362.0\n5,726.6\n \n Apr\n0.7\n205.5\n492.8\n158.6\n218.5\n112.0\n335.1\n5.4\n1,528.6\n \n18.2\n2,967.13\n \n527.1\n364.2\n385.4\n5,790.7\n \n May\n0.7\n237.3\n495.6\n135.1\n181.0\n101.4\n622.7\n5.5\n1,779.2\n \n18.2\n2,922.70\n \n525.7\n434.2\n384.3\n6,064.3\n \n Jun\n0.8\n245.7\n570.9\n155.1\n144.7\n90.8\n750.1\n4.4\n1,962.4\n \n28.8\n2,872.55\n \n498.4\n351.0\n386.2\n6,099.4\n \n Jul\n0.9\n226.0\n544.9\n137.3\n135.3\n86.3\n770.0\n0.0\n1,900.7\n \n28.8\n2,815.04\n \n504.1\n361.1\n388.8\n5,998.5\n \n Aug\n1.0\n234.0\n523.7\n104.3\n194.7\n76.1\n786.5\n5.1\n1,925.3\n \n28.8\n2,810.06\n \n535.2\n339.9\n390.5\n6,029.6\n \n Sep\n1.0\n255.2\n551.8\n114.8\n192.9\n63.7\n764.9\n5.1\n1,949.4\n \n28.0\n2,844.13\n \n599.2\n404.6\n392.3\n6,217.7\n \n Oct\n0.9\n215.7\n536.1\n143.7\n171.5\n83.5\n808.3\n5.2\n1,964.9\n \n26.7\n2,884.16\n \n599.3\n350.6\n391.5\n6,217.0\n \n Nov\n1.2\n186.9\n526.1\n135.9\n123.5\n74.3\n871.8\n5.2\n1,924.9\n \n26.6\n2,931.49\n \n603.6\n355.3\n393.6\n6,235.5\n \n Dec\n0.7\n181.6\n542.9\n127.5\n118.6\n79.7\n1031.3\n5.2\n2,087.6\n \n20.8\n2,820.54\n \n582.0\n352.8\n396.7\n6,260.4\n \n2016\n Jan\n1.0\n172.0\n646.9\n119.2\n130.7\n76.6\n981.9\n5.2\n2,133.5\n \n20.6\n2,763.7\n \n582.8\n387.3\n396.6\n6,284.4\n \n Feb\n1.2\n140.7\n682.1\n96.3\n118.1\n21.5\n1125.6\n5.2\n2,190.7\n \n20.1\n2,680.9\n \n477.1\n390.1\n399.3\n6,158.2\n \n Mar\n1.3\n161.9\n714.2\n96.3\n156.8\n19.2\n1140.5\n5.1\n2,295.4\n \n20.3\n2,690.6\n \n430.6\n428.7\n405.1\n6,270.8\n \n Apr\n1.3\n135.5\n757.8\n135.5\n133.3\n18.7\n1198.1\n5.1\n2,385.4\n \n20.4\n2,653.4\n \n413.7\n441.1\n404.7\n6,318.6\n \n May\n1.4\n89.6\n871.6\n130.5\n110.4\n19.3\n1215.9\n5.0\n2,443.6\n \n19.8\n2,681.8\n \n397.0\n358.0\n412.6\n6,312.8\n \n June\n1.4\n108.5\n914.7\n84.6\n148.3\n19.2\n1274.4\n1.8\n2,553.0\n \n19.7\n2,669.3\n \n407.7\n358.0\n431.6\n6,439.3\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nTABLE 7.1: COMMERCIAL BANKS - ASSETS\nSecurities\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n22 \n \n \n \n \n \n \nDeposits\nCapital\nContigent\nOther\nTotal\nOf which\nand\nLiablities\nLiablities\nLiabilities to the \nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\nPublic\n2015\nJan\n2,056.2\n \n996.2\n561.7\n3,614.0\n \n470.1\n0.0\n79.5\n728.5\n557.7\n234.3\n5,684.2\n \n3,614.0\n \nFeb\n2,079.6\n \n876.1\n611.6\n3,567.3\n \n426.6\n0.0\n75.6\n720.3\n564.8\n227.0\n5,581.5\n \n3,567.3\n \nMar\n2,139.3\n \n940.4\n513.3\n3,593.0\n \n461.1\n0.0\n101.9\n749.7\n527.3\n293.6\n5,726.6\n \n3,593.0\n \nApr\n2,098.7\n \n943.5\n629.8\n3,672.0\n \n448.9\n0.0\n103.4\n747.4\n527.1\n291.8\n5,790.7\n \n3,672.0\n \nMay\n2,131.8\n \n1015.3\n615.3\n3,762.4\n \n574.7\n0.0\n82.4\n814.7\n525.7\n304.4\n6,064.3\n \n3,762.4\n \nJun\n2,213.2\n \n1021.9\n593.5\n3,828.7\n \n560.2\n0.8\n103.1\n814.9\n498.4\n293.2\n6,099.4\n \n3,828.7\n \nJul\n2,166.4\n \n889.7\n732.5\n3,788.6\n \n478.9\n0.8\n88.2\n813.0\n504.1\n325.0\n5,998.5\n \n3,788.6\n \nAug\n2,266.7\n \n790.9\n723.1\n3,780.7\n \n490.7\n0.0\n83.4\n825.7\n535.2\n313.9\n6,029.6\n \n3,780.7\n \nSep\n2,276.7\n \n967.6\n648.7\n3,892.9\n \n504.0\n0.0\n72.0\n828.1\n599.2\n321.5\n6,217.7\n \n3,892.9\n \nOct\n2,259.9\n \n909.3\n667.8\n3,837.0\n \n494.3\n0.0\n122.2\n841.2\n599.3\n322.9\n6,217.0\n \n3,837.0\n \nNov\n2,475.9\n \n919.4\n580.1\n3,975.4\n \n347.6\n0.0\n126.0\n845.3\n603.6\n337.5\n6,235.5\n \n3,975.4\n \nDec\n2,512.2\n \n999.0\n543.0\n4,054.2\n \n320.4\n0.0\n140.4\n866.9\n582.0\n296.5\n6,260.4\n \n4,054.2\n \n2016\nJan\n2,562.6\n \n952.2\n558.7\n4,073.5\n \n313.2\n0.0\n135.6\n871.3\n582.8\n308.0\n6,284.4\n \n4,073.5\n \nFeb\n2,545.7\n \n959.3\n572.0\n4,077.1\n \n298.9\n0.0\n126.0\n878.1\n477.1\n301.0\n6,158.2\n \n4,077.1\n \nMar\n2,653.7\n \n893.4\n680.0\n4,227.1\n \n303.1\n0.0\n135.2\n886.6\n430.6\n288.2\n6,270.8\n \n4,227.1\n \nApr\n2,675.3\n \n1008.1\n591.9\n4,275.3\n \n285.7\n0.0\n154.4\n893.9\n413.7\n295.5\n6,318.6\n \n4,275.3\n \nMay\n2,764.6\n \n1100.0\n449.7\n4,314.3\n \n300.0\n0.0\n101.3\n908.9\n397.0\n291.2\n6,312.8\n \n4,314.3\n \nJune\n2,865.3\n \n907.1\n673.1\n4,445.5\n \n272.3\n0.0\n118.6\n915.7\n407.7\n279.5\n6,439.3\n \n4,445.5\n \nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES\nUS$ Millions\nAmounts Owing to\n \n \nMONTHLY ECONOMIC REVIEW \n23 \n \n \n \n \n \n \n \nForeign\nLoans & \nContigent\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvnces\nAssets\nAssets\nAssets\nBond\n&\nBalances\nBalances \nBalances\nLiquid\nwith RBZ\nCoins\nCoin\nwith\nwith Other \nat\nTrade\nTreasury\nAgris Pes\nAssets\nat Banks\nRBZ\nBanks\nForeign Banks\nBills\nBills\n2015\n Jan\n0.0\n0.6\n0.3\n0.0\n0.1\n1.6\n0.0\n0.0\n2.0\n0.0\n70.2\n8.3\n19.0\n23.7\n123.8\n Feb\n0.0\n0.4\n0.2\n0.1\n0.1\n1.6\n0.0\n0.0\n2.5\n0.0\n72.0\n8.3\n19.3\n23.6\n125.7\n Mar\n0.0\n0.4\n0.1\n0.0\n0.1\n1.5\n0.0\n0.0\n2.1\n0.0\n73.3\n8.2\n18.5\n23.4\n125.5\n Apr\n0.0\n0.3\n0.1\n0.0\n0.1\n0.2\n0.0\n0.0\n0.6\n0.0\n66.7\n0.0\n10.3\n21.3\n98.9\n May\n0.0\n0.4\n0.0\n0.0\n0.0\n0.2\n0.0\n0.0\n0.6\n0.0\n67.9\n0.0\n9.6\n21.2\n99.3\n Jun\n0.0\n0.3\n0.0\n0.0\n0.0\n0.4\n0.0\n0.0\n0.7\n0.0\n68.1\n0.0\n9.7\n21.1\n99.6\n Jul\n0.0\n0.2\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n67.8\n0.0\n9.2\n21.0\n100.0\n Aug\n0.0\n0.1\n1.8\n0.0\n0.0\n0.2\n0.0\n0.0\n2.0\n0.0\n60.0\n0.0\n9.3\n28.1\n99.4\n Sep\n0.0\n0.1\n2.2\n0.0\n0.0\n0.2\n0.0\n0.0\n2.5\n0.0\n59.2\n0.0\n9.2\n28.0\n98.9\n Oct\n0.0\n0.1\n2.1\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n59.4\n0.0\n9.1\n27.8\n98.8\n Nov\n0.0\n0.1\n2.0\n0.0\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n58.5\n0.0\n9.5\n20.6\n91.0\n Dec\n0.0\n0.1\n1.6\n0.0\n0.0\n0.2\n0.0\n0.0\n1.9\n0.0\n59.8\n0.0\n9.4\n20.5\n91.6\n2016\n Jan\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n60.7\n0.0\n9.3\n20.3\n92.5\n Feb\n0.0\n0.1\n0.9\n1.1\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n61.6\n0.0\n9.2\n20.2\n93.2\n Mar\n0.0\n0.1\n1.9\n0.0\n0.0\n0.2\n0.0\n0.0\n2.3\n0.0\n62.0\n0.0\n9.3\n20.1\n93.6\n Apr\n0.0\n0.2\n0.7\n1.1\n0.0\n0.2\n0.0\n0.0\n2.2\n0.0\n62.3\n0.0\n9.4\n19.9\n93.8\n May\n0.0\n0.1\n0.9\n1.2\n0.0\n0.2\n0.0\n0.0\n2.4\n0.0\n62.7\n0.0\n9.3\n19.8\n94.2\n June\n0.0\n0.1\n0.9\n1.2\n0.0\n0.4\n0.0\n0.0\n2.6\n0.0\n62.7\n0.0\n9.3\n19.8\n94.4\nSource:Reserve Bank of Zimbabwe, 2016\nUS$ Millions\nTABLE 8.1 : ACCEPTING HOUSES - ASSETS\nLiquid Assets\nSecurities\n \n \nMONTHLY ECONOMIC REVIEW \n24 \n \n \n \nOf which\nDeposits\nCapital\nContigent\nOther\nTotal\nLiabilities to the \nand\nLiablities\nLiablities\nPublic\nEnd of\nDemand\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nRBZ\nOther Banks\nReserves\n2015\n Jan\n39.0\n40.9\n0.0\n80.0\n11.7\n0.0\n0.0\n-47.0\n8.3\n70.7\n123.8\n80.0\n Feb\n38.4\n40.4\n0.0\n78.7\n11.7\n0.0\n0.0\n-48.7\n8.3\n75.6\n125.7\n78.7\n Mar\n68.6\n12.1\n0.0\n80.7\n12.0\n0.0\n0.0\n-50.7\n8.2\n75.2\n125.5\n80.7\n Apr\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-27.5\n0.0\n62.4\n98.9\n63.9\n May\n63.9\n0.0\n0.0\n63.9\n0.0\n0.0\n0.0\n-28.8\n0.0\n64.2\n99.3\n63.9\n Jun\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-28.9\n0.0\n65.6\n99.6\n62.9\n Jul\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-27.8\n0.0\n64.8\n100.0\n62.9\n Aug\n62.9\n0.0\n0.0\n62.9\n0.0\n0.0\n0.0\n-14.9\n0.0\n51.3\n99.4\n62.9\n Sep\n62.2\n0.0\n0.0\n62.2\n0.0\n0.0\n0.0\n-15.3\n0.0\n52.0\n98.9\n62.2\n Oct\n61.9\n0.0\n0.0\n61.9\n0.0\n0.0\n0.0\n-16.4\n0.0\n53.2\n98.8\n61.9\n Nov\n58.8\n0.0\n0.0\n58.8\n0.0\n0.0\n0.0\n-20.2\n0.0\n52.5\n91.0\n58.8\n Dec\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-20.1\n0.0\n53.2\n91.6\n58.5\n2016\n Jan\n58.5\n0.0\n0.0\n58.5\n0.0\n0.0\n0.0\n-18.8\n0.0\n52.9\n92.5\n58.5\n Feb\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.4\n0.0\n54.3\n93.2\n58.3\n Mar\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-20.1\n0.0\n55.3\n93.6\n58.3\n Apr\n58.3\n0.0\n0.0\n58.3\n0.0\n0.0\n0.0\n-19.5\n0.0\n55.0\n93.8\n58.3\n May\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-20.2\n0.0\n56.0\n94.2\n58.4\n June\n58.4\n0.0\n0.0\n58.4\n0.0\n0.0\n0.0\n-20.2\n0.0\n56.0\n94.2\n58.4\nSource:Reserve Bank of Zimbabwe, 2016\nAmounts Owing to\nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n25 \n \n \n \n \n \nForeign\nMortgage\nOther\nOther\nNon Financial \nTOTAL\nEnd of\nNotes\nTotal\nOther Balances\nAdvances\nAdvances\nAssets\nAssets\n&\nBalances \nNostro \nwith RBZ/1\nBond\nCoin\nwith Other \nBalances\nTrade\nTreasury\nAgris Pes\nCoins\nat Banks\nBanks\nBills\n2015\nJan\n0.1\n37.3\n196.0\n0.0\n0.1\n51.8\n0.0\n307.1\n0.0\n511.6\n172.1\n105.8\n126.1\n1,222.6\n \nFeb\n0.1\n32.1\n244.4\n0.0\n0.1\n51.9\n0.0\n328.6\n0.0\n522.9\n176.2\n106.8\n125.8\n1,260.2\n \nMar\n0.1\n52.4\n214.4\n0.0\n0.1\n52.0\n0.0\n319.0\n0.0\n508.7\n180.0\n122.5\n125.5\n1,255.5\n \nApr\n0.1\n32.5\n243.2\n0.0\n0.1\n60.4\n0.0\n336.3\n0.0\n520.2\n182.5\n118.3\n124.8\n1,282.0\n \nMay\n0.1\n33.6\n257.7\n0.0\n0.1\n60.1\n0.0\n351.5\n0.0\n448.7\n235.1\n137.5\n125.2\n1,298.0\n \nJun\n0.2\n59.6\n204.9\n0.0\n0.1\n60.1\n0.0\n324.8\n0.0\n464.9\n231.9\n139.4\n122.0\n1,283.0\n \nJul\n0.2\n51.6\n205.5\n0.0\n0.1\n62.9\n0.0\n320.2\n0.0\n461.5\n230.6\n133.9\n121.9\n1,268.2\n \nAug\n0.1\n53.0\n158.9\n0.0\n0.1\n76.2\n0.0\n288.4\n0.0\n482.9\n228.4\n136.0\n122.2\n1,257.9\n \nSep\n0.1\n55.4\n161.7\n0.0\n0.1\n76.0\n0.0\n293.3\n0.0\n480.4\n263.4\n125.8\n122.1\n1,285.0\n \nOct\n0.1\n45.2\n229.1\n0.0\n0.1\n76.0\n0.0\n350.5\n0.0\n494.0\n265.1\n126.0\n122.8\n1,358.4\n \nNov\n0.1\n43.6\n256.8\n0.0\n0.1\n76.1\n0.0\n376.7\n0.0\n292.0\n479.3\n131.8\n121.1\n1,400.9\n \nDec\n0.1\n27.3\n284.0\n0.0\n0.0\n76.6\n0.0\n387.9\n0.0\n317.4\n470.4\n114.7\n118.4\n1,408.8\n \n2016\nJan\n0.1\n17.4\n227.8\n10.0\n0.0\n76.6\n0.0\n331.9\n0.0\n326.9\n415.3\n145.6\n119.7\n1,339.4\n \nFeb\n0.2\n13.9\n253.5\n0.0\n0.0\n65.6\n0.0\n333.2\n0.0\n324.4\n420.2\n148.4\n119.6\n1,345.8\n \nMar\n0.2\n20.8\n266.6\n0.0\n0.0\n48.3\n0.0\n335.9\n0.0\n339.6\n399.4\n142.9\n119.4\n1,337.2\n \nApr\n0.2\n9.5\n213.7\n0.0\n0.0\n90.9\n0.0\n314.2\n0.0\n332.5\n402.2\n143.6\n119.2\n1,311.8\n \nMay\n0.1\n7.1\n220.3\n0.0\n0.0\n93.3\n0.0\n320.8\n0.0\n404.6\n341.0\n149.9\n122.9\n1,339.2\n \nJune\n0.2\n8.0\n278.0\n0.0\n0.0\n104.0\n0.0\n390.0\n0.0\n348.0\n389.4\n146.0\n119.3\n1,392.3\n \nSource:Reserve Bank of Zimbabwe, 2016\nLiquid Assets\nSecurities\nTABLE 9.1 : BUILDING SOCIETIES - ASSETS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n26 \n \n \nOf which\nCapital\nOther\nTotal\nLiabilities to the \nand\nLiabilities\nPublic\nEnd of\nSavings and Short-term\nLong-term\nTotal\nForeign Liabilities\nOther Banks\nReserves\n2015\nJan\n373.0\n397.1\n770.2\n54.6\n99.1\n267.8\n31.0\n1,222.6\n \n770.2\nFeb\n405.8\n400.3\n806.2\n53.6\n98.3\n272.9\n29.2\n1,260.2\n \n806.2\nMar\n408.1\n386.3\n794.4\n50.8\n108.8\n275.8\n25.8\n1,255.5\n \n794.4\nApr\n464.1\n364.8\n828.9\n48.3\n99.4\n276.8\n28.7\n1,282.0\n \n828.9\nMay\n472.0\n391.6\n863.6\n48.5\n87.4\n270.7\n27.8\n1,298.0\n \n863.6\nJun\n492.9\n343.9\n836.8\n48.3\n94.0\n272.9\n31.1\n1,283.0\n \n836.8\nJul\n458.3\n370.6\n828.9\n48.5\n85.8\n277.4\n27.5\n1,268.2\n \n828.9\nAug\n438.4\n386.1\n824.5\n47.6\n73.2\n282.7\n29.9\n1,257.9\n \n824.5\nSep\n498.9\n334.3\n833.2\n43.5\n84.9\n288.4\n35.0\n1,285.0\n \n833.2\nOct\n465.3\n428.4\n893.7\n42.4\n99.0\n293.6\n29.7\n1,358.4\n \n893.7\nNov\n446.1\n474.4\n920.4\n42.4\n104.3\n297.7\n36.0\n1,400.9\n \n920.4\nDec\n480.5\n463.9\n944.4\n43.0\n99.4\n293.3\n28.8\n1,408.8\n \n944.4\n2016\nJan\n447.7\n443.1\n890.7\n43.3\n74.7\n298.3\n32.3\n1,339.4\n \n890.7\nFeb\n446.8\n441.8\n888.6\n42.3\n81.6\n301.9\n31.5\n1,345.8\n \n888.6\nMar\n433.3\n449.5\n882.8\n37.0\n81.7\n289.7\n46.0\n1,337.2\n \n882.8\nApr\n495.3\n380.6\n875.9\n36.9\n75.1\n290.1\n33.9\n1,311.8\n \n875.9\nMay\n455.3\n403.8\n859.2\n36.2\n77.7\n320.7\n45.5\n1,339.2\n \n859.2\nMay\n455.3\n403.8\n859.2\n36.2\n77.7\n320.7\n45.5\n1,339.2\n \n859.2\nJune\n463.4\n443.7\n907.0\n35.4\n84.6\n319.0\n46.3\n1,392.3\n \n907.0\nSource:Reserve Bank of Zimbabwe, 2016\nDeposits\nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES\nUS$ Millions \nAmounts Owing to\n \n \n27 \n \nMONTHLY ECONOMIC REVIEW \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMarket Capitalisation\nIndustrial\nMining\nMarket Turnover(US$)\nVolume of Shares\nUS$ Millions\n2015\nJan\n164.9\n58.1\n16,062,740.8\n57,390,451\n4,365.1\nFeb\n167.2\n55.4\n34,775,616.2\n119,324,114\n4,353.4\nMar\n158.2\n43.9\n18,903,881.0\n405,884,918\n4,117.1\nApr\n156.2\n42.9\n29,188,562.0\n563,833,853\n4,066.1\nMay\n153.0\n44.5\n23,280,422.2\n290,320,685\n3,978.1\nJun\n148.4\n44.3\n14,514,679.0\n80,441,278\n3,803.8\nJul\n145.4\n39.4\n20,419,108.0\n157,184,218\n3,812.7\nAug\n135.4\n35.3\n15,344,249.0\n76,187,436\n3,552.0\nSep\n131.9\n24.4\n18,202,232.0\n105,678,504\n3,444.5\nOct\n130.8\n23.6\n12,864,086.0\n63,758,585\n3,416.1\nNov\n117.6\n22.3\n8,947,586.0\n90,417,554\n3,141.7\nDec\n114.9\n23.7\n16,360,451.6\n183,792,940\n3,073.4\n2016\nJan\n103.0\n19.5\n10,399,904.0\n61,882,757\n2,790.4\nFeb\n99.4\n19.1\n15,556,983.0\n95,020,938\n2,692.3\nMar\n97.6\n19.4\n16,428,571.0\n97,601,725\n2,645.1\nApr\n105.8\n20.2\n14,026,917.0\n187,848,946\n2,862.6\nMay\n104.7\n25.5\n13,868,486.0\n99,055,230\n2,881.3\nJun\n101.0\n24.7\n18,064,624.0\n88,525,472.0\n2,780.9\nSource:Zimbabwe Stock Exchange (ZSE),2016\nIndices\nTable 10: ZIMBABWE STOCK MARKET STATISTICS\n \n \nMONTHLY ECONOMIC REVIEW \n28 \n \n \n \n \n \n \nCommercial\nBuilding \nEnd of\nBanks\nP.O.S.B.\nSocieties\nTOTAL\n2015\nJan\n1,557.9\n86.3\n770.2\n2,455.2\nFeb\n1,487.7\n90.4\n806.2\n2,384.2\nMar\n1,453.7\n93.6\n794.4\n2,353.9\nApr\n1,573.3\n90.4\n828.9\n2,492.6\nMay\n1,630.6\n89.2\n863.6\n2,583.4\nJun\n1,615.4\n95.1\n836.8\n2,547.3\nJul\n1,622.2\n92.4\n828.9\n2,543.5\nAug\n1,514.0\n93.1\n824.5\n2,431.5\nSep\n1,616.2\n101.3\n833.2\n2,550.7\nOct\n1,577.1\n97.5\n893.7\n2,568.3\nNov\n1,499.5\n100.0\n920.4\n2,520.0\nDec\n1,542.0\n94.4\n944.4\n2,580.8\n2016\nJan\n1,511.0\n99.6\n890.7\n2,501.3\nFeb\n1,531.3\n99.2\n888.6\n2,519.2\nMar\n1,573.4\n99.6\n882.8\n2,555.8\nApr\n1,599.9\n103.9\n875.9\n2,579.7\nMay\n1,549.8\n106.1\n859.2\n2,515.1\nJune\n1,580.2\n108.3\n859.2\n2,547.7\nSource:Reserve Bank of Zimbabwe, 2016\n1/ Comprises all deposits other than demand deposits.\nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS\nUS$ Millions\n \n \nMONTHLY ECONOMIC REVIEW \n29 \n \n \n \n \n \n \n \n \n \n \n \nLiquid\nPrescribed\nExcess\nLiquid\nPrescribed\nExcess\nassets\nliquid\nliquid\nassets\nliquid\nLiquid\nEnd of\nheld\nassets/1\nassets\nheld\nassets/1\nassets\n2015\nJan\n1,581.9\n1,084.2\n497.7\n2.0\n24.0\n-22.0\nFeb\n1,524.2\n1,070.2\n454.0\n2.5\n23.6\n-21.2\nMar\n1,543.8\n1,077.9\n465.9\n2.1\n24.2\n-22.1\nApr\n1,528.6\n1,101.6\n427.0\n0.6\n19.2\n-18.6\nMay\n1,779.2\n1,128.7\n650.4\n0.6\n19.2\n-18.5\nJun\n1,962.4\n1,148.6\n813.8\n0.7\n18.9\n-18.2\nJul\n1,900.7\n1,136.6\n764.1\n2.0\n18.9\n-16.9\nAug\n1,925.3\n1,134.2\n791.0\n2.0\n18.9\n-16.9\nSep\n1,949.4\n1,167.9\n781.6\n2.5\n18.6\n-16.1\nOct\n1,964.9\n1,151.1\n813.8\n2.4\n18.6\n-16.2\nNov\n1,924.9\n1,192.6\n732.2\n2.4\n17.6\n-15.3\nDec\n2,087.6\n1,216.3\n871.3\n1.9\n17.6\n-15.6\n2016\nJan\n2,133.5\n1,222.1\n911.4\n2.2\n17.6\n-15.4\nFeb\n2,190.7\n1,223.1\n967.6\n2.3\n17.5\n-15.2\nMar\n2,295.4\n1,268.1\n1,027.2\n2.3\n17.5\n-15.2\nApr\n2,385.4\n1,282.6\n1,102.8\n2.2\n17.5\n-15.3\nMay\n2,443.6\n1,294.3\n1,149.3\n2.4\n17.5\n-15.1\nJune\n2,553.0\n1,333.6\n1,219.4\n2.6\n17.5\n-14.9\nSource:Reserve Bank of Zimbabwe, 2016\n1/With effect from 1 August 2011, the prescribed liquid asset ratio was reviewed from 20% to 25% of liabilities to the public. \nUS$ Millions\nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \nCommercial Banks\n Accepting Houses\n \n \nMONTHLY ECONOMIC REVIEW \n30 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE INTERNET\n2015\nJan\n 3,659.0 \n11.8\n154.4\n311.9\n352.2\n113.5\nFeb\n 3,221.1 \n13.7\n141.8\n275.8\n334.6\n104.6\nMar\n 3,802.0 \n11.1\n132.0\n298.3\n364.7\n111.7\nApr\n 3,919.5 \n10.8\n134.0\n299.7\n341.2\n112.4\nMay\n 3,467.1 \n13.1\n128.8\n316.7\n390.0\n124.5\nJun\n 3,014.7 \n15.4\n123.5\n333.7\n438.7\n136.6\nJul\n 4,010.3 \n12.6\n154.6\n332.4\n391.0\n128.6\nAug\n 3,299.1 \n11.4\n193.4\n313.2\n391.2\n133.6\nSep\n3,762.7\n \n12.9\n131.9\n318.8\n396.3\n396.3\nOct\n 3,964.5 \n11.8\n149.4\n334.9\n434.7\n151.0\nNov\n 3,551.4 \n12.0\n130.2\n347.7\n417.0\n154.4\nDec\n 4,167.9 \n11.0\n146.6\n411.3\n477.5\n213.3\n2016\nJan\n 3,385.9 \n11.1\n137.4\n331.5\n388.9\n167.7\nFeb\n 3,448.2 \n11.9\n138.8\n312.1\n389.3\n167.9\nMar\n 3,460.2 \n11.3\n142.1\n288.8\n417.1\n255.9\nApr\n 3,564.3 \n9.7\n180.1\n247.6\n427.3\n168.3\nMay\n 3,869.2 \n10.8\n214.8\n203.3\n479.9\n217.9\nJune\n 3,870.2 \n10.3\n203.9\n131.4\n465.1\n174.1\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY\nValues of Transactions (US$ millions)\n \n \nMONTHLY ECONOMIC REVIEW \n31 \n \n \n \n \nMONTH \nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2015\nJan\n170.8\n29.55\n 1,174.1 1,124.5 16,903.3 \n37.6\nFeb\n172.3\n32.23\n 1,140.9 1,027.9 16,160.4 \n39.9\nMar\n191.6\n30.33\n 1,183.6 1,110.2 18,211.9 \n44.5\nApr\n180.3\n26.98\n 1,151.3 1,107.5 17,269.7 \n43.6\nMay\n179.8\n27.38\n 1,052.5 1,123.8 18,684.6 \n43.2\nJun\n196.4\n31.85\n 1,121.2 1,038.2 17,478.2 \n47.2\nJul\n199.1\n34.00\n 1,288.2 1,167.4 18,670.4 \n49.4\nAug\n153.1\n28.05\n 1,373.5 1,122.2 19,750.6 \n46.5\nSep\n164.3\n31.15\n 1,196.9 1,103.9 19,133.2 \n50.4\nOct\n156.4\n30.78\n 1,295.0 1,152.8 22,166.4 \n54.0\nNov\n143.4\n32.19\n 1,206.2 1,151.3 21,390.2 \n51.3\nDec\n155.0\n27.25\n 1,359.9 1,183.6 22,904.3 \n52.6\nAnnual Total 2,062.6 \n361.73\n 14,543.3 13,413.3 228,723.3 \n560.2\n2016\nJan\n132.3\n24.6\n1328.9\n1104.4\n 19,956.1 \n49.9\nFeb\n148.4\n30.3\n1289.5\n1067.1\n 19,793.7 \n54.6\nMar\n152.5\n29.6\n1455.7\n962.9\n 21,731.5 \n61.9\nApr\n161.7\n25.0\n1962.6\n841.3\n 21,086.6 \n59.9\nMay\n199.3\n29.1\n2779.9\n675.8\n 23,293.0 \n83.2\nJune\n268.2\n33.5\n3203.8\n741.9\n 23,321.2 \n88.0\nSource:Reserve Bank of Zimbabwe, 2016\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL \nVolumes of Transactions (in thousands)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/June2016.pdf"}

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+{"doc_id": "4f48a6281d85876a03ccb66df1bbec82", "text": "MONTHLY ECONOMIC REVIEW \nJANUARY 2014 \nSelected Economic Indicators \n2 \nStock Market Developments \n3 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \n \n \nMonetary Developments \n5 \nINSIDE THIS ISSUE \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2013 \nDecember \n2014 \nJanuary \nZ.S.E. Mining Index1 \n45.79 \n35.40 \nZ.S.E. Industrial Index1 \n202.12 \n189.25 \nMoney Supply (Total Bank Deposits) (US$)2 \n3.93 billion \n3.89 billion \nMoney Supply (M3) Annual Growth2 \n1.17% \n2.11% \nYearly Inflation3 \n0.33% \n0.41% \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 ZIMSTAT \n \n \n \nMonth on \nMonth \nChange \n-22.69% \n-6.37% \n-1.11% \n-1.11% \n0.14% \n \nSTOCK MARKET DEVELOPMENTS \n \nGlobal stock markets declined in January \n2014 as a result of weak economic data from \nthe United States and China. Reflecting some \nlevel of correlation with global markets, the \nZimbabwe Stock Exchange registered a sub-\ndued performance in the period under re-\nview. \n \nThe volumes of shares traded declined by \n40.09%, from 271.48 points in December \n2013 to 162.64 points in January 2014. De-\nspite the decline in trading volumes, total \nturnover rose by 17.43%, underpinned by a \nspecial bargain deal of Seedco shares worth \nUS$23.40 million. In value terms, total mar-\nket turnover also increased, from US$49.22 \nmillion in December 2013 to US$57.80 mil-\nlion in January 2014. \n \nThe industrial index, however, continued on \na declining trend, from 202.12 points in De-\ncember 2013 to 189.45 points in January \n2014. The decline was mainly due to losses \nin heavily capitalized counters such as Delta, \nEconet and Innscor. \n \nThe general decline in global commodity \nprices, including gold and platinum, coupled \nwith the persistent recapitalization chal-\nlenges facing the mining sector, pulled down \nthe mining index. Consequently, the mining \nindex lost 22.69%, from 45.79 points in De-\ncember 2013 to 35.40 points. On a year-on-\nyear basis, the mining index lost 57.89%. \n \n \n2 3 \n \n2 4 \nMarket capitalization also declined by 6.17% \nto US$4.88 billion, at the end of January \n2014, from US$5.20 billion at the close of \nDecember 2013, partly reflecting declines in \neconomic activity. \n \nMONETARY DEVELOPMENTS \n \nMoney supply grew by 2.1% in January \n2014, an increase of 0.7 percentage points \nfrom the average 1.4% recorded in the last \nquarter of 2013. The low growth in broad \nmoney, reflects the general economic slow-\ndown, which has worsened the liquidity \nshortages in the economy. \n \nOn a month on month basis, however, broad \nmoney \ndeclined \nby \nUS$43.7 \nmillion \n(-1.1%). The monthly decline was on the \nback of contractions of US$88 million in \nover 30-day deposits and US$77.2 million \nin savings deposits. Partially offsetting these \ndeclines were increases of US$116.8 million \nand US$4.7 million in demand and under \n30-day deposits, respectively. \nThe fragile growth in deposits continues to \nmirror the under-performance of the external \nsector. With the Reserve Bank incapacitated \nto influence liquidity levels in the economy, \nmoney supply levels have largely been re-\nflective of the difficult balance of payments \nposition. \nUnder 30-\nday 18.2%\nLongterm \n16.3%\nDemand \n53.4%\nSavings \n12.1%\nBanking Sector Deposits \nJanuary 2014\n3.1 \n3.2 \n3.3 \n3.4 \n3.5 \n3.6 \n3.7 \n3.8 \n3.9 \n4.0 \n4.1 \n-2\n3\n8\n13\n18\n23\n28\n33\n38\nUS$ Billions\n%\nMoney Supply\nM3\nM3 Annual Growth\n \n3 5 \nDuring the month under review, money sup-\nply was made up of demand deposits, \n53.4%; under 30-day deposits, 18.2%; over \n30-day, 16.3%; and savings deposits, \n12.1%. Of the total money supply, Govern-\nment deposits constituted 3.6% (US$141.8 \nmillion). \n \nAnnual growth in credit to the private sec-\ntor, which has been on a downward trend , \nnotwithstanding \nrecording \nan \naverage \ngrowth of 6.3% in the fourth quarter of \n2013, further declined to 0.2% in January \n2014. \n \nOn a month-on-month basis, credit to the \nprivate sector, declined by 2.3% from \nUS$3 650.1 million in December 2013 to \nUS$3 566.6 million in January 2014. The \nslowdown reflects shallow lending by banks \non the back of liquidity challenges, con-\nstrained deposit base and increasing non-\nperforming loans. \n \nClaims on the private sector were in the form \nof loans and advances, 83.85%; mortgages \nadvanced by building societies, 10.78%; bills \ndiscounted, 2.13%; bankers’ acceptances, \n1.09%; and other investments, 2.14%. \n \nThe outstanding loans and advances were \nmainly to households (18.70%), agriculture \n(18.46%), distribution (17.87%), and manu-\nfacturing (14.54%) activities. \nCredit to the private sector was mainly util-\nized for asset purchases (44.20%) as well as \ninventory build-up (33.67%). Loans and ad-\nvances utilized for fixed investment activity \nhave remained low, with the procurement of \nplant and equipment accounting for 3.52% \nand pre and post shipment financing at 1.09%, \nof total loans and advances. \n \n \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nAnnual headline inflation slightly increased \nfor the first time in 11 months, to 0.41% in \nJanuary 2014, from 0.33% in December 2013, \nlargely on account of an increase in non-food \ninflation. \nLoans and \nAdvances\n84%\nBills \nDiscounte\nd\n2%\nBankers \nAcceptanc\nes\n1%\nMortgages\n11%\nOther \nInvestmen\nts\n2%\nCredit to Private Sector\nTotal credit to the private sector as at the end of \nJanuary 2014 was US$3 566.55million.\n4 \n \n6 \nAnnual food inflation was -2.08% in January \n2014, up from -2.2% in December 2013. The \nmajor contributors to annual food inflation \nincluded bread and cereals, fish and sea food \nas well as oils and fats sub-categories. \nAnnual non-food inflation also increased to \n1.67% in January 2014, from 1.61% in De-\ncember 2013, in large part, due to increases \nin prices of alcoholic beverages and tobacco, \nhousing, electricity and water, health, trans-\nport and education. Communication, furniture \nand equipment and recreation and culture, \nhowever, slowed down during the period un-\nder review. \nThe notable decreases in the price of commu-\nnication reflected fierce competition in the \nsector, which led to massive sales promo-\ntions, benefiting consumers. \nMonth-on-Month Inflation \nMonth-on-month inflation stood at 0.1% in \nJanuary 2014, from -0.1% in December \n2013, following increases in the prices of \nfood items. \nMonthly food prices surged to 0.44% in \nJanuary 2014, from -0.39% in December \n2013. The increase in monthly food prices \nwas on account of increases in prices of all \nfood sub-categories, with the exception of \nmeat and sugar, jam, honey, chocolate and \nconfectionery. \nMonth-on-month \nnon-food \ninflation \nfor \nJanuary 2014, remained unchanged at the \nDecember 2013 rate of -0.08%. \nInflation Outlook \n \nIn the medium to long term, inflation devel-\nopments will continue to be influenced by \nmovements in international oil prices and the \nUS dollar/rand exchange rate. \nInternational oil prices are expected to stabi-\nlize at about US$110 per barrel in 2014, on \nthe back of subdued global economic out-\nlook. \n7 \nThe easing-off in international oil prices, \ncoupled with mandatory blending introduced \nby Government is expected to exert down-\nward inflationary pressures in the domestic \neconomy, in the short to medium term. \n \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nThe value of transactions processed through \nthe RTGS system in January 2014 decreased \nby 10% to US$3.1 billion, from US$3.4 bil-\nlion in December 2013 while the volume of \ntransactions registered an increase of 1% \nfrom 180 796 to 182 479 in the same period. \nCard Systems \nThe total value of card based transactions \ndecreased by 15.30% to US$335.36 million \nin January 2014, from US$395.95 million in \nDecember 2013. \nMobile and Internet Based Transactions \n \nThe value of mobile and internet based \ntransactions decreased by 12.14%, from \nUS$337.52 million in December 2013 to \nUS$296.56 million in January 2014. \nCheques \n \nThe value of cheque transactions, however, \nincreased to US$5.24 million in January 2014, \nfrom US$4.04 million in December 2013. \n \nReserve Bank of Zimbabwe \nFebruary 2014 \n \n \n \n \n \n-\n0.5 \n1.0 \n1.5 \n2.0 \n2.5 \n3.0 \n3.5 \n4.0 \n4.5 \n-\n50 \n100 \n150 \n200 \n250 \nSep-11\nDec-11\nMar-12\nJun-12\nSep-12\nDec-12\nMar-13\nJun-13\nSep-13\nDec-13\nValue in US$ Billions\nVolume in Thousands\nZETSS Volumes and Values\nValue\nVolume\n8 \nNotes \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n35 \n \n13.2 Volumes of Transactions \n \n \n \n \n36 \n10 \n11 \n2014\nJanuary\nFebruary\nMarch\nApril\nMay\nJune\nJuly\nAugust\nSeptember\nOctober\nNovember\nDecember\nJanuary\nRBZ Demand Deposits\n78.6\n \n78.3\n \n77.3\n \n78.6\n \n74.5\n \n73.0\n \n73.5\n \n71.9\n \n72.8\n \n73.3\n \n72.6\n \n71.9\n \n69.7\n \nComm. Banks Dem. Deposits\n1,924,517.4\n \n1,875,465.4\n \n1,860,664.0\n \n1,979,220.0\n \n1,932,968.1\n \n1,874,568.0\n \n1,926,968.4\n \n1,901,793.3\n \n1,952,024.0\n \n1,971,838.8\n \n1,821,288.9\n \n1,825,413.5\n \n2,039,955.9\n \nMerchant Banks Dem. Deposits\n106,935.2\n \n102,797.7\n \n104,281.4\n \n107,324.1\n \n112,173.4\n \n114,560.5\n \n111,261.1\n \n109,449.6\n \n111,153.9\n \n112,536.2\n \n122,639.2\n \n134,494.8\n \n36,792.2\n \nM1\n2,031,531.2\n \n1,978,341.4\n \n1,965,022.7\n \n2,086,622.6\n \n2,045,215.9\n \n1,989,201.5\n \n2,038,303.0\n \n2,011,314.8\n \n2,063,250.8\n \n2,084,448.30\n \n1,944,000.70\n \n1,959,980.2\n \n2,076,817.8\n \nComm. Banks Savings Deposits\n193,007.6\n \n192,683.5\n \n201,459.2\n \n194,873.4\n \n221,622.3\n \n229,386.7\n \n201,667.8\n \n187,394.4\n \n227,599.9\n \n209,966.7\n \n201,724.6\n \n281,785.8\n \n215,665.0\n \nBuilding Soc. Savings Deposits\n159,093.7\n \n168,605.4\n \n168,484.1\n \n170,975.7\n \n192,634.8\n \n189,753.8\n \n195,606.6\n \n189,953.1\n \n191,553.5\n \n187,410.7\n \n200,415.2\n \n204,200.7\n \n196,806.6\n \nP O S B Savings Deposits\n55,832.5\n \n56,274.2\n \n57,860.7\n \n55,236.9\n \n56,544.5\n \n60,117.8\n \n60,162.5\n \n51,322.2\n \n58,974.0\n \n50,457.7\n \n60,845.4\n \n62,044.0\n \n58,314.5\n \nComm. Banks U-30 Day Deposits\n632,215.7\n \n708,500.6\n \n734,849.5\n \n786,076.0\n \n637,041.1\n \n629,544.6\n \n663,617.3\n \n643,559.0\n \n606,360.8\n \n614,427.6\n \n605,429.9\n \n489,493.1\n \n552,134.9\n \nMerchant Banks U-30 Day Deposits\n91,671.2\n \n65,975.9\n \n62,324.3\n \n64,604.1\n \n67,104.2\n \n56,223.1\n \n82,650.4\n \n80,569.1\n \n82,581.6\n \n80,368.8\n \n59,721.1\n \n56,379.8\n \n47,277.8\n \nBuilding Soc. U- 30 Day Deposits\n60,885.9\n \n77,091.9\n \n82,098.1\n \n81,944.4\n \n122,672.1\n \n119,217.4\n \n121,325.5\n \n99,842.7\n \n138,431.2\n \n113,495.4\n \n118,360.9\n \n155,932.2\n \n107,130.3\n \nM2\n3,224,237.8\n \n3,247,472.9\n \n3,272,098.6\n \n3,440,333.1\n \n3,342,834.9\n \n3,273,444.8\n \n3,363,333.0\n \n3,263,955.2\n \n3,368,751.9\n \n3,340,575.20\n \n3,190,497.80\n \n3,209,815.8\n \n3,254,146.90\n \nComm. Banks O-30 Day Deposits\n351,356.6\n \n297,613.9\n \n249,558.5\n \n223,799.1\n \n387,930.6\n \n268,082.1\n \n219,826.9\n \n223,258.1\n \n257,854.4\n \n308,773.8\n \n328,511.0\n \n496,391.7\n \n352,689.2\n \nMerchant Banks O-30 Day Deposits\n21,339.0\n \n55,714.0\n \n52,841.7\n \n56,349.4\n \n54,361.5\n \n52,329.5\n \n27,019.2\n \n25,199.0\n \n19,024.4\n \n14,876.1\n \n19,965.3\n \n6,900.3\n \n5,665.1\n \nBuilding Soc. O- 30 Day Deposits\n192,823.3\n \n194,226.7\n \n203,912.9\n \n226,550.8\n \n212,044.5\n \n222,591.8\n \n222,795.8\n \n264,539.8\n \n242,907.0\n \n264,867.2\n \n244,283.7\n \n197,343.9\n \n253,060.8\n \nBuilding Soc. Other Share Deposits\n10,141.6\n \n10,141.6\n \n11,266.6\n \n11,266.6\n \n11,266.5\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \n11,266.6\n \nP O S B Time Deposits\n8,497.2\n \n8,447.9\n \n8,845.8\n \n8,443.5\n \n9,703.5\n \n10,492.4\n \n10,680.2\n \n8,018.0\n \n10,855.2\n \n11,324.0\n \n12,586.1\n \n10,606.9\n \n11,816.7\n \nM3\n3,808,395.5\n \n3,813,616.9\n \n3,798,524.1\n \n3,966,742.5\n \n4,018,141.5\n \n3,838,207.3\n \n3,854,921.7\n \n3,796,236.7\n \n3,910,659.4\n \n3,951,682.90\n \n3,807,110.40\n \n3,932,325.1\n \n3,888,645.3\n \n2013\nTABLE 1.1 : MONETARY AGGREGATES\n US$ Thousands\n12 \n2014\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nNET FOREIGN ASSETS \n-485,643.4\n-478,669.1\n-627,094.5\n-477,210.6\n-488,616.3\n-770,401.9\n-822,415.5\n-884,443.1\n-814,488.4\n-850,336.4\n-1,001,798.9\n-810,172.3\n-846,622.1\n Assets\n994,812.7\n988,575.6\n867,399.6\n983,189.5\n1,065,690.2\n994,502.1\n967,794.1\n931,989.0\n1,075,508.0\n994,326.1\n856,654.9\n1,042,166.0\n1,009,920.7\n Reserve Bank (RBZ)\n454,346.1\n421,879.3\n367,092.8\n412,155.0\n471,664.8\n461,797.0\n362,306.8\n287,616.2\n344,785.1\n322,450.3\n264,826.8\n338,487.8\n354,820.2\n Deposit Money Banks (DMBs) \n507,151.4\n529,296.5\n469,834.9\n537,446.4\n547,557.0\n488,238.1\n536,681.8\n567,196.5\n663,455.7\n600,622.7\n531,059.0\n643,560.1\n610,318.8\n Other Banking Institutions (OBIs) \\\n33,315.2\n37,399.9\n30,471.9\n33,588.1\n46,468.4\n44,467.0\n68,805.5\n77,176.2\n67,267.3\n71,253.1\n60,769.1\n60,118.1\n44,781.8\n Liabilities \\2\n-1,480,456.0\n-1,467,244.7\n-1,494,494.1\n-1,460,400.2\n-1,554,306.5\n-1,764,904.0\n-1,790,209.6\n-1,816,432.1\n-1,889,996.4\n-1,844,662.6\n-1,858,453.8\n-1,852,338.3\n-1,856,542.9\n RBZ\n1,149,023.6\n1,141,623.5\n1,135,073.4\n1,140,521.7\n1,134,105.5\n1,138,062.0\n1,143,126.7\n1,139,865.9\n1,146,634.4\n1,150,527.4\n1,147,979.0\n1,150,150.8\n1,148,693.8\n DMBs\n311,214.1\n303,476.1\n337,091.1\n293,394.4\n393,575.8\n600,126.4\n625,430.1\n655,728.1\n722,521.0\n673,156.2\n689,480.9\n671,435.2\n681,744.6\n OBIs\n20,218.4\n22,145.2\n22,329.6\n26,484.0\n26,625.2\n26,715.6\n21,652.8\n20,838.1\n20,841.0\n20,979.0\n20,993.9\n30,752.3\n26,104.5\nNET DOMESTIC ASSETS \n4,294,038.7\n4,292,286.0\n4,425,618.6\n4,443,953.2\n4,506,758.0\n4,608,609.2\n4,677,337.2\n4,680,679.8\n4,725,147.8\n4,802,019.3\n4,808,909.2\n4,742,497.4\n4,735,267.5\nDOMESTIC CREDIT\n3,777,967.9\n3,781,756.5\n3,845,110.1\n3,808,385.3\n3,871,013.0\n3,936,046.1\n3,966,266.5\n3,988,814.6\n4,006,290.9\n4,079,215.4\n4,091,310.4\n4,068,697.5\n3,954,914.2\n Claims on Government (net) \n166,842.3\n153,164.0\n170,638.1\n180,007.9\n212,221.9\n206,189.6\n232,272.7\n234,118.0\n228,614.8\n299,686.0\n331,797.8\n357,997.4\n327,805.9\n RBZ\n-1,225.8\n-1,192.4\n-1,179.6\n-1,180.8\n-1,179.7\n-1,828.4\n-3,487.6\n-1,242.0\n-1,196.6\n-1,468.9\n-1,188.2\n-1,182.3\n-1,181.7\n DMBs\n167,834.5\n154,122.7\n151,543.0\n160,538.4\n192,880.2\n187,784.4\n215,526.7\n215,126.4\n209,577.8\n280,921.3\n292,752.3\n319,016.2\n288,824.0\n OBIs\n233.6\n233.6\n20,274.7\n20,650.2\n20,521.4\n20,233.6\n20,233.6\n20,233.6\n20,233.6\n20,233.6\n40,233.6\n40,163.5\n40,163.5\n Claims on Public Enterprises \n52,261.1\n53,708.5\n54,091.4\n58,973.6\n63,604.9\n63,628.7\n62,174.3\n60,363.0\n59,809.8\n59,424.2\n60,844.8\n60,645.0\n60,553.0\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n52,261.1\n53,708.5\n54,091.4\n58,973.6\n63,604.9\n63,628.7\n62,174.3\n60,363.0\n59,809.8\n59,424.2\n60,844.8\n60,645.0\n60,553.0\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Other\n52,261.1\n53,708.5\n54,091.4\n58,973.6\n63,604.9\n63,628.7\n62,174.3\n60,363.0\n59,809.8\n59,424.2\n60,844.8\n60,645.0\n60,553.0\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n3,558,864.5\n3,574,884.1\n3,620,380.6\n3,569,403.8\n3,595,186.2\n3,666,227.8\n3,671,819.5\n3,694,333.6\n3,717,866.2\n3,720,105.1\n3,698,667.8\n3,650,055.2\n3,566,555.3\n RBZ\n41,014.1\n41,015.1\n41,014.1\n41,014.1\n40,128.8\n40,128.8\n36,146.1\n36,147.1\n36,112.7\n35,120.1\n35,116.1\n35,116.1\n35,116.1\n DMBs\n3,057,321.2\n3,065,133.7\n3,111,948.8\n3,058,690.9\n3,063,681.6\n3,125,352.0\n3,133,523.7\n3,159,392.5\n3,142,391.3\n3,141,641.5\n3,106,195.8\n3,053,645.3\n2,955,033.9\n OBIs\n460,529.2\n468,735.3\n467,417.7\n469,698.7\n491,375.8\n500,747.0\n502,149.7\n498,794.1\n539,362.2\n543,343.5\n557,355.9\n561,293.9\n576,405.3\nOTHER ITEMS (NET) \n516,070.8\n510,529.5\n580,508.5\n635,567.9\n635,745.0\n672,563.1\n711,070.7\n691,865.2\n718,856.9\n722,804.0\n717,598.9\n673,799.9\n780,353.3\nBROAD MONEY (M3) \n3,808,395.4\n3,813,616.9\n3,798,524.1\n3,966,742.5\n4,018,141.5\n3,838,207.3\n3,854,921.7\n3,796,236.7\n3,910,659.4\n3,951,682.9\n3,807,110.4\n3,932,325.1\n3,888,645.3\nTABLE 1.2 : BROAD MONEY SURVEY\nUS$ Thousands\n$\n2013\n13 \n2014\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nNET FOREIGN ASSETS \n-50,114.5\n6,974.3\n-148,425.4\n149,883.9\n-11,405.7\n-281,785.6\n-52,013.6\n-62,027.6\n69,954.8\n-35,848.0\n-151,462.4\n191,626.5\n-36,449.8\n Assets\n-94,995.8\n-6,237.1\n-121,176.0\n115,789.9\n82,500.7\n-71,188.1\n-26,708.0\n-35,805.2\n143,519.1\n-81,181.9\n-137,671.2\n185,511.0\n-32,245.2\n Reserve Bank (RBZ)\n6,357.3\n-32,466.8\n-54,786.5\n45,062.2\n59,509.8\n-9,867.8\n-99,490.2\n-74,690.6\n57,168.9\n-22,334.8\n-57,623.5\n73,661.0\n16,332.4\n Deposit Money Banks (DMBs)\n-92,123.2\n22,145.1\n-59,461.6\n67,611.5\n10,110.6\n-59,318.9\n48,443.7\n30,514.8\n96,259.1\n-62,833.0\n-69,563.6\n112,501.1\n-33,241.3\n Other Banking Institutions (OBIs) \\1\n-9,229.8\n4,084.6\n-6,928.0\n3,116.2\n12,880.3\n-2,001.4\n24,338.5\n8,370.6\n-9,908.9\n3,985.9\n-10,484.1\n-651.0\n-15,336.3\n Liabilities \\2\n44,881.3\n13,211.3\n-27,249.4\n34,093.9\n-93,906.3\n-210,597.5\n-25,305.6\n-26,222.5\n-73,564.3\n45,333.9\n-13,791.2\n6,115.5\n-4,204.6\n RBZ\n-137.6\n-7,400.1\n-6,550.1\n5,448.4\n-6,416.2\n3,956.5\n5,064.8\n-3,260.9\n6,768.6\n3,892.9\n-2,548.3\n2,171.8\n-1,457.0\n DMBs\n-40,904.2\n-7,738.0\n33,615.1\n-43,696.7\n100,181.4\n206,550.6\n25,303.6\n30,298.0\n66,792.9\n-49,364.8\n16,324.7\n-18,045.7\n10,309.4\n OBIs\n-3,839.4\n1,926.8\n184.4\n4,154.5\n141.2\n90.4\n-5,062.8\n-814.7\n2.9\n138.0\n14.9\n9,758.4\n-4,647.8\nNET DOMESTIC ASSETS \\3\n-28,162.2\n-1,752.7\n133,332.6\n18,334.6\n62,804.8\n101,851.2\n68,728.0\n3,342.6\n44,468.0\n76,871.5\n6,889.9\n-66,411.8\n-7,230.0\nDOMESTIC CREDIT\n-10,500.6\n3,788.6\n63,353.6\n-36,724.9\n62,627.7\n65,033.1\n30,220.4\n22,548.1\n17,476.3\n72,924.5\n12,095.0\n-22,612.8\n-113,783.4\n Claims on Government (net) \n-9,216.1\n-13,678.3\n17,474.1\n9,369.8\n32,214.0\n-6,032.3\n26,083.2\n1,845.2\n-5,503.1\n71,071.2\n32,111.8\n26,199.6\n-30,191.5\n RBZ\n9,872.0\n33.4\n12.8\n-1.2\n1.1\n-648.7\n-1,659.1\n2,245.5\n45.4\n-272.3\n280.7\n5.8\n0.7\n DMBs\n-18,088.0\n-13,711.8\n-2,579.8\n8,995.5\n32,341.8\n-5,095.8\n27,742.3\n-400.3\n-5,548.6\n71,343.5\n11,831.0\n26,263.8\n-30,192.1\n OBIs\n-1,000.0\n0.0\n20,041.1\n375.5\n-128.8\n-287.8\n0.0\n0.0\n0.0\n0.0\n20,000.0\n-70.1\n0.0\n Claims on Public Enterprises \n544.3\n1,447.3\n382.9\n4,882.2\n4,631.3\n23.8\n-1,454.4\n-1,811.3\n-553.2\n-385.6\n1,420.6\n-199.9\n-91.9\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n544.3\n1,447.3\n382.9\n4,882.2\n4,631.3\n23.8\n-1,454.4\n-1,811.3\n-553.2\n-385.6\n1,420.6\n-199.9\n-91.9\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n-5,259.3\n-5,260.3\n-5,261.3\n-5,262.3\n-5,263.3\n-5,003.2\n-5,004.2\n-5,005.2\n Other\n544.3\n1,447.3\n382.9\n4,882.2\n4,631.3\n5,283.1\n3,805.9\n3,450.0\n4,709.1\n4,877.7\n6,423.8\n4,804.3\n4,913.3\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n-1,828.7\n16,019.6\n45,496.5\n-50,976.8\n25,782.4\n71,041.6\n5,591.7\n22,514.2\n23,532.6\n2,238.9\n-21,437.3\n-48,612.5\n-83,500.0\n RBZ\n377.8\n1.0\n-1.0\n0.0\n-885.3\n0.0\n-3,982.7\n1.0\n-34.4\n-992.6\n-4.0\n0.0\n0.0\n DMBs\n-7,832.6\n7,812.5\n46,815.1\n-53,257.8\n4,990.7\n61,670.4\n8,171.7\n25,868.8\n-17,001.2\n-749.8\n-35,445.7\n-52,550.5\n-98,611.4\n OBIs\n5,626.0\n8,206.1\n-1,317.5\n2,281.0\n21,677.1\n9,371.2\n1,402.7\n-3,355.6\n40,568.2\n3,981.3\n14,012.4\n3,938.0\n15,111.4\nOTHER ITEMS (NET) \n-17,661.6\n-5,541.3\n69,979.0\n55,059.4\n177.1\n36,818.1\n38,507.5\n-19,205.5\n26,991.7\n3,947.0\n-5,205.1\n-43,799.0\n106,553.4\nBROAD MONEY (M3) \n-78,276.7\n5,221.5\n-15,092.8\n168,218.4\n51,399.0\n-179,934.2\n16,714.4\n-58,685.0\n114,422.8\n41,023.5\n-144,572.5\n125,214.7\n-43,679.7\n Broad Money (M3) \n-2.0%\n0.1%\n-0.4%\n4.4%\n1.3%\n-4.5%\n0.4%\n-1.5%\n3.0%\n1.0%\n-3.7%\n3.3%\n-1.1%\n Domestic Credit \n-0.3%\n0.1%\n1.7%\n-1.0%\n1.6%\n1.7%\n0.8%\n0.6%\n0.4%\n1.8%\n0.3%\n-0.6%\n-2.8%\n Claims on Private Sector\n-0.1%\n0.5%\n1.3%\n-1.4%\n0.7%\n2.0%\n0.2%\n0.6%\n0.6%\n0.1%\n-0.6%\n-1.3%\n-2.3%\nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3)\n US$ Thousands\n2013\n14 \n2014\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nFEBRUARY\nMARCH\nAPRIL\nMAY\nJUNE\nJULY\nAUGUST\nSEPTEMBER\nOCTOBER\nNOVEMBER\nDECEMBER\nJANUARY\nNET FOREIGN ASSETS \n-89,936.3\n-190,761.0\n-131,411.5\n-100,210.8\n-19,830.8\n-139,041.9\n-211,017.8\n-408,762.5\n-268,481.4\n-146,235.3\n-116,519.4\n-395,149.4\n-456,065.7\n-425,304.4\n-366,815.7\n-432,496.1\n-660,899.2\n-374,643.5\n-360,978.8\n Assets\n-42,038.0\n-142,367.4\n-71,725.6\n-81,928.2\n36,818.4\n33,821.1\n-99,644.3\n-321,764.7\n-149,564.2\n-66,182.3\n50,744.2\n-13,526.8\n-43,201.5\n13,716.9\n123,202.2\n29,959.1\n-206,756.1\n-47,642.5\n15,108.1\n Reserve Bank (RBZ)\n-47,146.3\n-77,953.3\n-5,234.1\n-34,371.4\n-34,330.1\n33,849.9\n23,562.1\n-129,087.9\n-120,111.9\n-97,956.8\n15,270.3\n22,548.6\n-81,223.8\n-105,297.0\n-86,234.8\n-80,364.6\n-121,084.8\n-109,501.0\n-99,525.9\n Deposit Money Banks (DMBs)\n-5,809.4\n-76,767.0\n-84,133.7\n-68,113.2\n53,083.1\n-22,552.6\n-134,496.9\n-207,670.1\n-38,404.5\n23,160.4\n16,001.4\n-59,281.2\n-6,421.5\n69,476.4\n172,539.7\n73,331.5\n-104,318.2\n44,285.5\n103,167.4\n Other Banking Institutions (OBIs) \\1\n10,917.8\n12,352.8\n17,642.1\n20,556.4\n18,065.4\n22,523.8\n11,290.5\n14,993.3\n8,952.2\n8,614.1\n19,472.4\n23,205.8\n44,443.8\n49,537.5\n36,897.4\n36,992.2\n18,646.9\n17,573.0\n11,466.5\n Liabilities \\2\n-47,898.3\n-48,393.5\n-59,685.9\n-18,282.6\n-56,649.1\n-172,863.0\n-111,373.4\n-86,997.8\n-118,917.3\n-80,053.1\n-167,263.6\n-381,622.6\n-412,864.3\n-439,021.3\n-490,017.9\n-462,455.2\n-454,143.1\n-327,001.0\n-376,086.8\n RBZ\n-28,246.4\n-27,498.9\n-21,730.4\n-33,783.9\n-20,811.3\n-2,908.6\n-9,155.5\n-20,012.2\n-23,389.5\n-17,346.3\n-10,305.8\n-7,088.6\n804.6\n-4,310.9\n-3,016.5\n3,294.4\n659.3\n989.6\n-329.7\n DMBs\n78,373.3\n79,089.8\n89,568.8\n53,504.6\n79,315.3\n177,406.0\n121,978.0\n105,662.9\n140,952.3\n92,713.4\n172,628.6\n383,811.9\n408,225.7\n439,507.9\n489,247.4\n462,114.0\n456,163.5\n319,316.8\n370,530.4\n OBIs\n-2,228.6\n-3,197.3\n-8,152.6\n-1,438.0\n-1,854.9\n-1,634.4\n-1,449.1\n1,347.1\n1,354.5\n4,686.0\n4,940.8\n4,899.3\n3,834.0\n3,824.3\n3,786.9\n-2,953.2\n-2,679.8\n6,694.5\n5,886.1\nNET DOMESTIC ASSETS \\3\n880,494.1\n827,621.5\n830,303.8\n860,964.8\n755,911.5\n925,312.7\n874,388.8\n844,811.7\n628,387.0\n659,222.6\n554,475.7\n643,086.0\n613,427.0\n632,242.7\n549,291.7\n570,215.1\n643,352.8\n420,296.5\n441,228.7\nDOMESTIC CREDIT\n864,860.4\n822,357.3\n802,510.0\n795,755.7\n873,159.5\n990,341.7\n986,989.4\n963,317.9\n842,942.1\n786,202.9\n731,055.8\n708,713.7\n603,624.8\n592,398.4\n536,322.4\n576,565.6\n470,358.2\n280,229.0\n176,946.2\n Claims on Government (net) \n81,808.4\n75,191.5\n74,845.9\n82,122.6\n82,338.1\n177,893.2\n168,720.9\n154,920.0\n81,055.3\n91,424.1\n133,685.7\n123,996.4\n152,935.2\n160,962.3\n155,400.1\n219,466.4\n251,087.3\n181,938.9\n160,963.6\n RBZ\n948.3\n533.5\n116.6\n-9,441.8\n-9,407.1\n-9,262.9\n652.8\n562.6\n582.2\n537.9\n553.3\n277.7\n-1,964.9\n260.4\n318.0\n9,875.8\n9,846.6\n9,915.4\n44.1\n DMBs\n80,860.2\n74,658.0\n74,729.3\n90,330.7\n90,511.6\n185,922.5\n167,834.5\n154,123.7\n60,198.4\n70,439.5\n112,834.8\n103,688.6\n134,666.5\n140,468.3\n134,848.5\n190,590.5\n202,240.7\n133,093.6\n120,989.5\n OBIs\n0.0\n0.0\n0.0\n1,233.6\n1,233.6\n1,233.6\n233.6\n233.6\n20,274.7\n20,446.7\n20,297.6\n20,030.1\n20,233.6\n20,233.6\n20,233.6\n19,000.0\n39,000.0\n38,929.9\n39,929.9\n Claims on Public Enterprises \n5,300.2\n7,279.8\n-3,179.6\n49.8\n9,427.1\n6,792.4\n7,557.9\n9,665.0\n24,122.0\n27,528.6\n31,812.4\n14,317.4\n12,558.6\n11,073.2\n13,749.2\n9,782.8\n9,380.3\n8,928.1\n8,291.9\n RBZ\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n DMBs\n5,300.2\n7,279.8\n-3,179.6\n49.8\n9,427.1\n6,792.4\n7,557.9\n9,665.0\n24,122.0\n27,528.6\n31,812.4\n14,317.4\n12,558.6\n11,073.2\n13,749.2\n9,782.8\n9,380.3\n8,928.1\n8,291.9\n Agri-PEs\n0.0\n0.0\n0.0\n0.0\n0.0\n-1.0\n0.0\n-1.0\n-1.0\n0.0\n0.0\n-1.0\n-4,771.8\n-4,772.8\n-4,773.8\n-4,774.8\n0.0\n0.0\n0.0\n Other\n5,300.2\n7,279.8\n-3,179.6\n49.8\n9,427.1\n6,793.4\n7,557.9\n9,666.0\n24,123.0\n27,528.6\n31,812.4\n14,318.4\n17,330.4\n15,846.0\n18,523.0\n14,557.6\n9,380.3\n8,928.1\n8,291.9\n OBIs\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n0.0\n Claims on Private Sector\n777,751.7\n739,886.0\n730,843.7\n713,583.3\n781,394.3\n805,656.0\n810,710.6\n798,733.0\n737,764.8\n667,250.2\n565,557.7\n570,399.9\n438,131.0\n420,363.0\n367,173.2\n347,316.4\n209,890.6\n89,362.0\n7,690.8\n RBZ\n665.0\n1,765.1\n-9,455.1\n-9,387.2\n-3,975.5\n-3,903.1\n-5,788.8\n-7,388.1\n-6,693.9\n-3,088.9\n-7,047.9\n-3,630.4\n-2,646.2\n-5,176.5\n-6,435.5\n-7,002.0\n-6,405.5\n-5,520.2\n-5,898.0\n DMBs\n616,003.9\n597,497.2\n617,287.4\n574,157.1\n654,515.1\n687,696.6\n691,818.1\n687,296.3\n627,797.4\n545,532.3\n441,516.4\n461,613.7\n336,118.8\n335,446.9\n244,506.0\n250,995.0\n109,936.4\n-11,508.5\n-102,287.3\n OBIs\n161,082.9\n140,623.7\n123,011.4\n148,813.5\n130,854.7\n121,862.5\n124,681.3\n118,824.8\n116,661.3\n124,806.8\n131,089.3\n112,416.6\n104,658.3\n90,092.6\n129,102.7\n103,323.4\n106,359.7\n106,390.7\n115,876.1\nOTHER ITEMS (NET) \n15,633.7\n5,264.2\n27,793.8\n65,209.1\n-117,248.0\n-65,029.0\n-112,600.7\n-118,506.2\n-214,555.1\n-126,980.3\n-176,580.1\n-65,627.7\n9,802.2\n39,844.3\n12,969.3\n-6,350.4\n172,994.5\n140,067.4\n264,282.5\nBROAD MONEY (M3) \n790,557.9\n636,860.5\n698,892.3\n760,753.9\n736,080.7\n786,270.8\n663,371.0\n436,049.2\n359,905.6\n512,987.3\n437,956.1\n247,936.6\n157,361.3\n206,938.3\n182,476.0\n137,719.1\n-17,546.4\n45,653.0\n80,250.0\nGROWTH RATES\n Broad Money (M3) \n27.2%\n21.6%\n23.1%\n24.9%\n23.8%\n25.4%\n21.1%\n12.9%\n10.5%\n14.9%\n12.2%\n6.9%\n4.3%\n5.8%\n4.9%\n3.6%\n-0.5%\n1.2%\n2.1%\n Domestic Credit \n34.6%\n31.9%\n30.1%\n29.4%\n31.8%\n35.4%\n35.4%\n34.2%\n28.1%\n26.0%\n23.3%\n22.0%\n18.0%\n17.4%\n15.5%\n16.5%\n13.0%\n7.4%\n4.7%\n Claims on Private Sector\n31.7%\n29.2%\n27.9%\n26.8%\n28.9%\n29.2%\n29.5%\n28.8%\n25.6%\n23.0%\n18.7%\n18.4%\n13.5%\n12.8%\n11.0%\n10.3%\n6.0%\n2.5%\n0.2%\n2013\n2012\n$ Thousands\nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3)\n15 \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \nAPRIL \n455,178.9 \n43,628.2 \n23,433.4 \n428,381.7 \n14,997.8 \n35,589.1 \n444,798.7 \n135,046.2 \n288,857.6 \n45,643.6 \n377,037.0 \n7,693.7 \n2,300,585.8 \nMAY \n484,635.0 \n38,637.2 \n27,795.2 \n455,737.9 \n14,699.1 \n35,106.1 \n465,890.2 \n115,457.8 \n301,547.9 \n52,075.2 \n382,172.8 \n5,034.0 \n2,378,788.7 \nJUNE \n489,730.1 \n37,474.3 \n38,198.7 \n425,521.3 \n7,310.7 \n53,815.0 \n454,368.5 \n110,349.9 \n295,432.3 \n51,453.6 \n385,769.7 \n11,033.4 \n2,360,457.5 \nJULY \n483,103.7 \n40,342.5 \n33,494.3 \n464,921.7 \n6,869.2 \n38,522.6 \n541,025.9 \n116,557.1 \n307,117.5 \n48,218.0 \n426,582.7 \n4,455.3 \n2,511,210.5 \nAUGUST \n521,743.0 \n38,889.1 \n43,894.5 \n425,531.4 \n7,260.6 \n39.087.2 \n451,871.2 \n110,041.8 \n346,006.0 \n40,216.0 \n374,587.1 \n9,914.6 \n2,409,042.5 \nSEPTEMBER \n496,289.3 \n39,446.9 \n38,856.6 \n447,247.2 \n13,953.5 \n43,006.7 \n437,211.9 \n118,873.7 \n330,709.6 \n40,046.6 \n373,596.8 \n9,790.6 \n2,389,029.4 \nOCTOBER \n491,610.6 \n38,871.5 \n39,766.0 \n471,966.2 \n8,023.3 \n40,835.3 \n420,445.3 \n110,778.3 \n417,411.6 \n36,334.1 \n376,463.1 \n9,861.9 \n2,462,367.3 \nNOVEMBER \n487,289.4 \n40,321.7 \n42,332.0 \n488,637.3 \n3,116.5 \n36,852.0 \n417,162.5 \n117,050.8 \n389,727.1 \n39,126.4 \n369,190.3 \n17,960.5 \n2,448,766.4 \nDECEMBER \n533,165.2 \n42,285.1 \n17,617.9 \n435,613.1 \n5,047.0 \n62,165.8 \n389,181.2 \n115,404.6 \n379,809.3 \n37,409.1 \n369,838.8 \n18,252.9 \n2,405,790.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n489,585.3 \n43,743.8 \n18,574.7 \n464,097.6 \n5,467.4 \n48,086.1 \n362,554.0 \n116,635.5 \n412,901.1 \n37,722.2 \n367,126.2 \n16,773.1 \n2,383,267.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION DISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT INDIVIDUALS CONGLOM-\nERATES \nTOTAL \nEND OF \n \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n67,517.6 \n16,163.5 \n56,807.8 \n18,616.7 \n58,326.4 \n78,419.6 \n89,890.9 \n106,553.9 \n18,590.6 \n144,497.3 \n15,986.5 \n671,370.7 \nFEBRUARY \n58,292.9 \n21,826.4 \n56,104.4 \n18,101.2 \n62,883.5 \n78,714.5 \n89,292.0 \n117,785.5 \n17,680.2 \n128,827.9 \n9,967.9 \n668,578.1 \nMARCH \n69,856.5 \n16,673.4 \n60,104.1 \n16,684.4 \n58,510.5 \n72,517.4 \n97,158.1 \n88,814.4 \n14,831.7 \n173,486.3 \n17,657.4 \n686,294.1 \nAPRIL \n63,793.8 \n17,080.4 \n63,074.6 \n20,726.0 \n58,308.4 \n70,475.5 \n89,412.8 \n87,962.4 \n15,412.2 \n174,072.5 \n18,871.2 \n680,189.8 \nMAY \n67,425.0 \n17,232.4 \n66,358.3 \n21,534.7 \n59,449.7 \n72,998.8 \n89,738.5 \n84,961.5 \n15,028.8 \n189,089.0 \n18,888.7 \n702,705.4 \nJUNE \n68,762.1 \n16,928.9 \n64,967.8 \n11,199.2 \n57,389.1 \n72,983.6 \n94,193.4 \n98,762.3 \n13,866.1 \n176,186.3 \n18,800.0 \n694,038.7 \nJULY \n66,851.1 \n15,061.8 \n64,398.0 \n11,134.2 \n34,750.7 \n77,551.0 \n100,908.8 \n109,118.2 \n14,701.2 \n162,459.7 \n15,995.4 \n672,930.0 \nAUGUST \n67,246.9 \n15,177.5 \n68,887.7 \n11,071.0 \n34,241.2 \n77,411.5 \n122,491.8 \n120,661.7 \n13,212.7 \n137,335.6 \n15,655.4 \n683,393.0 \nSEPTEMBER \n69,700.0 \n15,202.1 \n67,723.0 \n10,981.1 \n34,026.9 \n77,338.7 \n103,272.3 \n106,398.8 \n16,871.0 \n173,866.8 \n15,558.8 \n690,939.6 \nOCTOBER \n72,224.8 \n17,189.6 \n64,266.5 \n11,000.2 \n34,072.5 \n67,425.8 \n95,019.2 \n125,049.4 \n15,931.7 \n172,834.8 \n17,401.5 \n692,416.0 \nNOVEMBER \n68,628.1 \n15,194.8 \n61,488.3 \n11,456.3 \n33,491.0 \n71,854.0 \n101,230.0 \n129,298.4 \n41,690.2 \n133,954.5 \n11,348.1 \n683,329.3 \nDECEMBER \n67,626.4 \n9,691.4 \n50,354.1 \n11,629.3 \n29,200.1 \n70,093.2 \n101,301.5 \n100,507.4 \n15,301.2 \n174,918.3 \n14,748.0 \n645,370.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n24,456.9 \n6,122.0 \n33,734.0 \n9,856.2 \n23,491.2 \n42,349.6 \n55,948.1 \n35,302.4 \n15,083.5 \n153,861.9 \n1.893.8 \n402,099.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \nAPRIL \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,620.0 \n14,889.0 \n278.0 \n0.0 \n15,200.0 \n0.0 \n43,087.0 \nMAY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,500.0 \n6,330.8 \n2,109.4 \n0.0 \n1,000.0 \n0.0 \n22,040.2 \nJUNE \n5,100.0 \n0.0 \n0.0 \n0.0 \n5,760.0 \n0.0 \n212.0 \n0.0 \n15,210.0 \n0.0 \n26,282.0 \nJULY \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,000.0 \n0.0 \n212.0 \n0.0 \n15,110.0 \n0.0 \n27,422.0 \nAUGUST \n5,100.0 \n0.0 \n0.0 \n0.0 \n6,000.0 \n0.0 \n1,065.0 \n0.0 \n0.0 \n0.0 \n12,165.0 \nSEPTEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n5,800.0 \n0.0 \n165.0 \n0.0 \n900.0 \n0.0 \n11,865.0 \nOCTOBER \n0.0 \n0.0 \n0.0 \n0.0 \n5,150.0 \n0.0 \n5,135.0 \n0.0 \n0.0 \n0.0 \n10,285.0 \nNOVEMBER \n5,000.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n0.0 \n2,035.0 \n0.0 \n0.0 \n0.0 \n27,595.6 \nDECEMBER \n4,745.3 \n0.0 \n0.0 \n0.0 \n6,750.6 \n12,304.4 \n1,992.3 \n0.0 \n0.0 \n0.0 \n25,792.6 \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n19,047.7 \n826.0 \n0.0 \n0.0 \n3,000.0 \n12,673.6 \n359,6 \n0.0 \n1,809.9 \n0.0 \n37,357.2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n18 \n TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n137,919.4 \n35,324.8 \n106,812.5 \n296,807.8 \n116,945.8 \n277,304.7 \n268,525.2 \n119,278.5 \n515,754.9 \n21,989.9 \n431,208.6 \n14,582.8 \n2,342,454.9 \n FEBRUARY \n132,404.53 \n36,283.33 \n110,794.26 \n341,462.75 \n99,165.46 \n288,834.34 \n264,450.53 \n104,923.38 \n577,378.61 \n22,873.9 \n467,084.94 \n14,234.06 \n2,459,890.1 \nMARCH \n121,233.1 \n38,555.4 \n124,038.5 \n348,687.2 \n93,320.0 \n263’552.7 \n276,941.5 \n76,084.4 \n629,624.3 \n24,984.1 \n468,608.5 \n14,756.2 \n2,480,386.1 \nAPRIL \n127,168.8 \n39,606.6 \n115,033.7 \n331,306.5 \n83,707.8 \n289,829.1 \n276,208.7 \n75,855.9 \n644,979.8 \n24,822.5 \n465,129 \n14,829.3 \n2,488,477.6 \nMAY \n124,277.7 \n43,333.7 \n142,130.1 \n370,561.1 \n93,500.0 \n249,454.2 \n299,116.6 \n86,314.7 \n648,511.1 \n28,279.3 \n516,523.0 \n16,891.5 \n2,618,892.9 \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n98,671.0 \n49,093.8 \n152,390.8 \n350,269.2 \n166,578.5 \n545,118.2 \n311,310.8 \n105,766.9 \n638,341.8 \n39,837.1 \n533,691.3 \n99,053.9 \n3,090,123.4 \nMAY \n114,053.3 \n55,427.4 \n142,023.3 \n389,384.7 \n255,352.1 \n484,429.7 \n318,129.4 \n92,777.2 \n700,668.7 \n46,593.8 \n578,509.2 \n32,297.7 \n3,209,646.5 \nJUNE \n116,635.2 \n58,578.8 \n147,313.8 \n447,394.5 \n183,146.3 \n352,600.3 \n366,824.2 \n96,685.8 \n701,195.7 \n46,578.5 \n597,373.1 \n104,843.6 \n3,219,169.8 \nJULY \n108,086.6 \n46,449.5 \n120,982.3 \n380,448.8 \n178,341.4 \n677,700.7 \n301,575.9 \n97,583.8 \n710,856.1 \n39,395.9 \n487,954.4 \n102,531.4 \n3,251,906.9 \nAUGUST \n137,107.1 \n48,726.1 \n135,788.5 \n319,106.0 \n174,593.9 \n637,190.7 \n333,255.3 \n99,194.1 \n639,401.6 \n41,996.5 \n417,762.6 \n93,772.1 \n3,077,894.4 \nSEPTEMBER \n100,028.3 \n57,039.8 \n145,652.5 \n380,781.4 \n207,379.2 \n612,131.5 \n408,359.1 \n103,872.8 \n795,047.6 \n46,982.9 \n435,912.4 \n90,265.8 \n3,383,453.4 \nOCTOBER \n94,346.3 \n52,722.4 \n141,401.4 \n338,625.9 \n223,223.8 \n754,145.4 \n339,305.6 \n99,583.3 \n754,116.1 \n41,527.2 \n440,197.9 \n97,771.1 \n3,376,966.4 \nNOVEMBER \n114,178.7 \n47,740.9 \n128,399.3 \n312,639.2 \n241,628.8 \n741,885.4 \n283,426.0 \n80,507.6 \n727,492.5 \n42,901.0 \n458,479.9 \n89,292.5 \n3,268,571.8 \nDECEMBER \n113,914.2 \n51,981.7 \n142,938.1 \n342,785.1 \n213,125.2 \n755,299.4 \n327,658.1 \n83,103.1 \n762,884.4 \n41,827.9 \n432,436.3 \n61,038.7 \n3,328,992.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n130,154.6 \n53,292.9 \n146,876.1 \n353,793.8 \n259,569.6 \n731,703.3 \n304,033.2 \n93,776.7 \n770,435.4 \n40,085.9 \n485,573.1 \n60,897.7 \n3,430,192.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \nAPRIL \n31,659.0 \n5,702.7 \n18,835.7 \n1,538.1 \n177,040.5 \n97,838.1 \n22,611.8 \n28,606.2 \n187,727.7 \n3,883.5 \n139,589.7 \n31,245.5 \n746,278.5 \nMAY \n17,827.5 \n5,756.6 \n18,786.2 \n1,258.9 \n187,857.9 \n99,688.5 \n19,315.6 \n44,794.2 \n197,568.8 \n3,436.3 \n132,325.5 \n31,463.1 \n760,079.2 \nJUNE \n4,255.3 \n6,236.6 \n10,753.7 \n1,131.2 \n156,052.6 \n105,613.0 \n18,935.8 \n59,790.7 \n184,390.9 \n3,652.3 \n107,354.6 \n30,017.1 \n688,183.8 \nJULY \n6,597.9 \n9,544.9 \n22,034.9 \n17,579.6 \n155,178.3 \n101,057.7 \n5,786.5 \n25,167.1 \n139,688.0 \n2,369.4 \n102,677.4 \n25,029.7 \n612,711.4 \nAUGUST \n1,770.3 \n9,723.1 \n17,643.5 \n1,553.8 \n150,874.9 \n71,592.0 \n19,054.2 \n10,779.0 \n169,881.2 \n2,644.4 \n113,074.5 \n29,546.0 \n598,137.0 \nSEPTEMBER \n40,766.9 \n9,757.2 \n17,595.4 \n10,209.6 \n157,646.1 \n87,504.2 \n20,864.5 \n12,486.3 \n173,696.6 \n1,527.2 \n125,919.4 \n29,482.7 \n687,456.0 \nOCTOBER \n43,179.4 \n7,366.8 \n2,258.4 \n11,060.8 \n118,559.1 \n159,315.4 \n45,674.2 \n11,973.6 \n164,560.7 \n744.6 \n98,580.9 \n29,513.7 \n692,787.6 \nNOVEMBER \n24,169.8 \n8,708.3 \n2,551.4 \n12,523.2 \n165,553.2 \n155,945.5 \n43,847.5 \n13,222.0 \n132,189.4 \n552.7 \n138,372.4 \n29,491.4 \n727,126.8 \nDECEMBER \n8,574.8 \n9,071.2 \n2,371.6 \n8,068.6 \n169,324.2 \n150,460.6 \n39,469.1 \n90,808.8 \n155,859.5 \n944.4 \n104,850.7 \n29,324.4 \n769,127.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,879.0 \n8,509.2 \n1,960.3 \n9,793.9 \n125,257.8 \n76,835.2 \n39,381.2 \n27,399.4 \n62,806.6 \n1,704.9 \n63,106.3 \n3,976.3 \n436,610.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES) \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4951 \n5175 \n6,101 \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4037 \n4095 \n4,315 \nBilateral Creditors \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2308 \n2325 \n2,481 \nMultilateral Creditors \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1729 \n1770 \n1,834 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nPublic Enterprises \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,139 \nBilateral Creditors \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n672 \nMultilateral Creditors \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n467 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nMonetary Authorities \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \nMultilateral Creditors - IMF \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n \n \n \n \n \n \n \n \n \n \n \n \nPrivate \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n647 \n \n \n \n \n \n \n \n \n \n \n \n \nShort-Term External Debt \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1198 \n1382 \n932 \nSupplier's Credits \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n34 \nReserve Bank \n \n \n \n \n \n \n \n \n642 \n642 \n642 \nPrivate \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n256 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal External Debt/1 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6289 \n6695 \n7,160 \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6133 \n7433 \n8,865 \nExternal Debt / GDP \n31.4% \n52.3% \n75.7% \n94.7% \n136.3% \n63.9% \n110.5% \n147.7% \n102.5% \n90.1% \n80.8% \n/1 Total external debt excludes penalties \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of Finance and \nReserve Bank of Zimbabwe \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \n \n \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \nDec \n10.00-35.00 \n15.08 \n10.40 \n15.00-25.00 \n17.93 \n14.43 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \n \n \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \n \n \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \n \n \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \n \n \nMay \n9.00-35.00 \n14.25 \n9.89 \n13.00-23.00 \n17.66 \n17.02 \n \n \nJun \n9.00-35.00 \n14.29 \n9.46 \n15.00-22.50 \n17.78 \n16.89 \n \n \nJul \n6.00-35.00 \n14.39 \n9.65 \n15.00-28.00 \n17.70 \n16.97 \n \n \nAug \n6.00-35.00 \n13.82 \n9.32 \n15.00-23.00 \n18.32 \n16.92 \n \n \nSep \n6.00-35.00 \n14.03 \n9.37 \n15.00-22.50 \n18.31 \n16.94 \n \n \nOct \n6.00-35.00 \n13.95 \n9.25 \n15.00-23.00 \n18.67 \n17.66 \n \n \nNov \n6.00-35.00 \n14.18 \n9.40 \n15.00-23.00 \n18.84 \n17.72 \n \n \nDec \n6.00-35.00 \n14.13 \n9.35 \n15.00-23.00 \n18.84 \n17.76 \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \nJan \n6.00-35.00 \n14.09 \n9.30 \n15.00-23.00 \n18.88 \n17.74 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n3. Lending rates exclude rates on staff loans. \n \n \n \n \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n \n \n \n \n20122 \n \n \n \nJANUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nFEBRUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nMARCH \n0.01-12.00 \n5.00-20.00 \n7.00-17.00 \nAPRIL \n0.00-12.00 \n5.00-20.00 \n8.00-17.00 \nMAY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJUNE \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJULY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nAUGUST \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nOCTOBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nNOVEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nDECEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \nMAY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJUNE \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nJULY \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nAUGUST \n0.15-8.00 \n3.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.15-8.00 \n3.00-20.00 \n11.00-12.00 \nOCTOBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \nNOVEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates qouted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \nDECEMBER \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n \n \n \n \n2014 \n \n \n \nJANUARY \n0.15--8.00 \n3.00-20.00 \n11.00-12.00 \n23 \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE \nHEALTH TRANSPORT \nCOMMUNI-\nCATION \nRECREATION & EDUCATION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n0.17 \n-0.03 \n-0.01 \n-0.02 \n-0.05 \n-0.14 \n-0.33 \n0.12 \n0.00 \n-0.15 \n0.06 \n-0.03 \n-0.33 \n-0.13 \nJULY \n-0.16 \n0.11 \n-0.01 \n-0.20 \n-0.04 \n0.31 \n-0.04 \n-0.11 \n0.00 \n0.02 \n-0.04 \n0.00 \n-1.14 \n-0.38 \nAUGUST \n-0.42 \n-0.34 \n0.79 \n-0.27 \n0.29 \n0.07 \n-0.14 \n-0.10 \n1.23 \n0.97 \n-0.43 \n0.23 \n-0.90 \n-0.15 \nSEPTEMBER \n0.02 \n0.04 \n0.39 \n0.11 \n-0.22 \n0.15 \n-0.01 \n-0.07 \n0.01 \n0.19 \n0.42 \n0.17 \n-0.18 \n0.05 \nOCTOBER \n1.21 \n0.00 \n-0.01 \n-0.36 \n0.06 \n-0.32 \n-0.07 \n-0.15 \n0.02 \n-0.08 \n-0.20 \n-0.04 \n0.04 \n-0.01 \nNOVEMBER \n0.38 \n-0.19 \n-0.01 \n-0.37 \n0.10 \n-0.13 \n-0.01 \n-0.13 \n5.57 \n1.08 \n-0.27 \n0.43 \n-0.60 \n0.09 \nDECEMBER \n0.14 \n-0.01 \n0.37 \n-0.29 \n0.12 \n0.27 \n0.05 \n-0.22 \n0.00 \n0.00 \n-0.46 \n0.08 \n-0.41 \n-0.08 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n0.20 \n-0.07 \n0.00 \n0.01 \n-0.23 \n0.01 \n0.00 \n-0.07 \n0.02 \n0.16 \n-0.09 \n0.00 \n0.44 \n0.14 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n24 \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMAY \n5.88 \n-0.38 \n3.95 \n0.66 \n3.60 \n6.85 \n-13.13 \n-0.83 \n12.56 \n1.44 \n1.04 \n1.54 \n3.54 \n2.20 \nJUNE \n5.40 \n-0.50 \n2.65 \n0.16 \n3.03 \n6.85 \n-13.40 \n-0.33 \n7.75 \n1.35 \n1.22 \n1.35 \n2.90 \n1.87 \nJULY \n4.83 \n0.14 \n2.54 \n-0.05 \n2.84 \n4.96 \n-13.47 \n-0.61 \n12.70 \n0.71 \n1.00 \n1.00 \n1.74 \n1.25 \nAUGUST \n4.44 \n0.30 \n3.04 \n-0.39 \n2.79 \n5.04 \n-13.57 \n-0.70 \n8.83 \n1.60 \n0.81 \n1.44 \n0.94 \n1.28 \nSEPTEMBER \n4.36 \n0.61 \n3.70 \n-0.37 \n2.10 \n5.06 \n-13.66 \n-1.01 \n5.74 \n1.23 \n0.93 \n1.45 \n-0.32 \n0.86 \nOCTOBER \n5.23 \n0.25 \n2.96 \n-0.70 \n2.21 \n1.40 \n-13.76 \n-0.73 \n9.05 \n0.83 \n-0.20 \n1.25 \n-0.74 \n0.59 \nNOVEMBER \n5.94 \n-0.07 \n3.51 \n-1.03 \n2.42 \n-7.04 \n-13.83 \n-0.92 \n11.19 \n2.06 \n-0.35 \n1.58 \n-1.51 \n0.54 \nDECEMBER \n4.26 \n0.09 \n3.63 \n-1.08 \n2.11 \n1.61 \n-13.99 \n-1.03 \n11.29 \n2.03 \n-0.87 \n1.61 \n-2.20 \n0.33 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n5.03 \n0.03 \n3.63 \n-1.07 \n1.87 \n1.62 \n-14.00 \n-1.12 \n11.30 \n2.18 \n-0.43 \n1.67 \n-2.08 \n0.41 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJUNE \n8.38 \n7.77 \n79.42 \n1.25 \n1.56 \nJULY \n8.18 \n7.74 \n78.23 \n1.23 \n1.57 \nAUGUST \n8.45 \n7.80 \n78.47 \n1.25 \n1.58 \nSEPTEMBER \n8.23 \n7.65 \n77.50 \n1.29 \n1.63 \nOCTOBER \n8.64 \n7.88 \n79.78 \n1.30 \n1.61 \nNOVEMBER \n8.78 \n7.95 \n80.94 \n1.30 \n1.60 \nDECEMBER \n8.48 \n7.88 \n86.06 \n1.32 \n1.62 \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \nMAY \n10.08 \n8.65 \n100.85 \n1.30 \n1.52 \nJUNE \n9.94 \n8.60 \n98.74 \n1.31 \n1.53 \nJULY \n9.83 \n8.49 \n98.31 \n1.33 \n1.53 \nAUGUST \n10.33 \n8.75 \n98.18 \n1.32 \n1.55 \nSEPTEMBER \n10.10 \n8.58 \n97.92 \n1.35 \n1.62 \nOCTOBER \n9.95 \n8.50 \n98.28 \n1.37 \n1.60 \nNOVEMBER \n10.19 \n8.64 \n102.33 \n1.36 \n1.64 \nDECEMBER \n10.43 \n8.72 \n105.02 \n1.38 \n1.65 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11.21 \n9.09 \n102.47 \n1.35 \n1.65 \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n323.4 \n378.5 \n103.4 \n182.3 \n247.8 \n0.0 \n0.0 \n1,235.5 \n52.2 \n2,694.9 \n386.1 \n205.7 \n386.7 \n4,961.1 \nFeb \n292.2 \n357.7 \n120.5 \n234.6 \n239.9 \n0.0 \n0.0 \n1,244.9 \n27.7 \n2,289.3 \n328.8 \n208.0 \n388.3 \n4,887.0 \nMar \n271.6 \n345.7 \n196.1 \n198.9 \n265.3 \n0.0 \n0.0 \n1,277.6 \n26.1 \n2,715.8 \n367.2 \n228.8 \n388.0 \n5,003.5 \nApr \n263.8 \n383.6 \n201.1 \n272.9 \n289.9 \n75.3 \n5.2 \n1,491.7 \n26.3 \n2,595.8 \n341.3 \n207.0 \n382.1 \n5,044.2 \n May \n250.9 \n400.9 \n198.2 \n296.7 \n253.5 \n75.4 \n5.3 \n1,480.8 \n25.8 \n2,673.2 \n389.8 \n208.0 \n382.9 \n5,160.5 \nJun \n227.2 \n416.4 \n171.9 \n257.5 \n271.8 \n75.5 \n5.3 \n1,425.8 \n26.0 \n2,698.3 \n364.1 \n217.8 \n384.6 \n5,116.5 \nJul \n266.5 \n352.8 \n164.2 \n266.1 \n263.8 \n110.2 \n6.4 \n1,429.9 \n26.5 \n2,701.3 \n337.1 \n229.8 \n387.0 \n5,111.7 \n Aug. \n322.8 \n277.9 \n136.4 \n242.5 \n237.8 \n61.1 \n6.4 \n1,285.0 \n26.2 \n2,813.0 \n367.0 \n218.3 \n385.2 \n5,094.7 \n Sep \n334.1 \n336.0 \n178.0 \n327.8 \n226.3 \n111.5 \n6.0 \n1,519.7 \n26.9 \n2773.3 \n298.8 \n234.7 \n386.4 \n5,239.8 \nOct \n379.4 \n387.5 \n137.1 \n219.7 \n260.9 \n99.4 \n5.0 \n1,489.0 \n17.3 \n2,809.1 \n316.7 \n257.3 \n371.5 \n5,260.9 \nNov \n333.3 \n312.7 \n160.2 \n197.1 \n261.1 \n108.6 \n6.5 \n1,379.5 \n26.6 \n2,789.7 \n291.3 \n235.4 \n369.8 \n5,092.3 \nDec \n 354.8 \n367.8 \n135.5 \n 287.3 \n199.9 \n118.0 \n6.6 \n1,469.9 \n28.4 \n2,799.5 \n490.8 \n259.5 \n347.6 \n5,395.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n356.9 \n395.3 \n134.1 \n253.1 \n153.0 \n119.2 \n5.4 \n1,417.0 \n27.9 \n2,866.4 \n516.1 \n362.2 \n353.9 \n5,543.5 \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,032.2 \n866.1 \n552.4 \n3,450.7 \n266.1 \n0.0 \n27.8 \n623.9 \n386.1 \n206.5 \n4,961.1 \n3,450.7 \nFeb \n1,987.8 \n933.3 \n491.5 \n3,412.5 \n258.1 \n0.0 \n32.4 \n631.9 \n328.8 \n223.3 \n4,887.0 \n3,417.9 \nMar \n1,960.1 \n976.3 \n451.1 \n3,387.3 \n290.9 \n0.0 \n32.8 \n687.7 \n367.2 \n237.6 \n5,003.5 \n3,387.3 \nApr \n 2,074.5 \n1,046.3 \n379.5 \n3,500.3 \n 247.6 \n0.0 \n37.9 \n667.2 \n341.3 \n249.8 \n5,044.2 \n3,500.3 \n May \n2,066.0 \n913.0 \n479.9 \n3,459.0 \n346.5 \n0.0 \n81.8 \n674.4 \n389.8 \n209.0 \n5,160.4 \n3,459.0 \n Jun \n2,013.9 \n919.6 \n298.9 \n3,232.4 \n553.0 \n0.0 \n74.1 \n702.3 \n364.1 \n190.6 \n5,116.5 \n3,232.4 \n Jul \n2,054.1 \n916.2 \n245.9 \n3,216.2 \n578.3 \n0.0 \n77.5 \n699.7 \n337.1 \n202.9 \n 5,111.7 \n3,216.2 \nAug \n2,017.4 \n879.5 \n253.2 \n3,150.1 \n608.2 \n0.0 \n63.8 \n694.9 \n367.0 \n210.8 \n5,094.7 \n3,150.1 \nSep \n2,082.1 \n899.3 \n294.5 \n3,275.8 \n674.6 \n0.0 \n 74.0 \n708.8 \n298.8 \n207.7 \n5,239.8 \n3,275.8 \nOct \n2,125.9 \n880.0 \n349.3 \n3,355.2 \n611.4 \n0.0 \n68.5 \n703.0 \n316.7 \n206.0 \n5,260.9 \n3,355.2 \n Nov \n1,953.4 \n861.2 \n 371.6 \n3,186.2 \n627.8 \n0.0 \n75.8 \n689.7 \n291.3 \n221.6 \n5,092.3 \n3,186.2 \nDec \n 1,980.4 \n813.6 \n 517.1 \n3,311.1 \n614.0 \n0.0 \n65.0 \n730.9 \n490.8 \n 184.0 \n 5,395.7 \n3,311.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,153.6 \n802.7 \n403.5 \n3,359.8 \n661.3 \n0.0 \n55.9 \n592.9 \n516.1 \n357.5 \n5,543.5 \n3,359.8 \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1.5 \n2.7 \n28.6 \n0.0 \n3.4 \n0.0 \n36.2 \n0.0 \n236.7 \n34.8 \n60.2 \n29.1 \n397.0 \nFeb \n4.7 \n1.5 \n18.4 \n0.0 \n4.5 \n0.0 \n26.9 \n0.0 \n245.7 \n34.8 \n63.9 \n28.9 \n398.2 \nMar \n2.5 \n1.1 \n7.3 \n-3.1 \n1.2 \n0.0 \n8.9 \n0.0 \n260.3 \n34.2 \n50.4 \n28.8 \n382.6 \nApr \n2.7 \n1.3 \n20.1 \n-1.9 \n1.2 \n0.0 \n23.4 \n0.0 \n254.9 \n34.2 \n51.7 \n27.7 \n392.0 \nMay \n2.4 \n4.1 \n18.6 \n-2.4 \n4.5 \n0.0 \n27.3 \n0.0 \n253.4 \n34.6 \n63.0 \n12.7 \n391.0 \nJun \n2.4 \n3.6 \n7.9 \n1.1 \n9.1 \n0.0 \n24.1 \n0.0 \n260.3 \n34.6 \n51.4 \n35.2 \n405.6 \nJul \n1.9 \n1.3 \n2.8 \n2.2 \n3.4 \n0.0 \n11.6 \n0.0 \n264.0 \n34.8 \n51.7 \n35.5 \n397.6 \nAug \n1.4 \n1.7 \n0.4 \n0.6 \n3.4 \n0.0 \n7.4 \n0.0 \n265.6 \n34.5 \n45.5 \n37.3 \n390.3 \nSep \n1.2 \n0.8 \n0.0 \n0.3 \n3.4 \n0.0 \n5.7 \n0.0 \n233.7 \n35.8 \n46.6 \n38.6 \n360.4 \nOct \n0.9 \n0.5 \n0.4 \n0.6 \n2.5 \n0.0 \n4.8 \n0.0 \n234.8 \n35.6 \n41.3 \n38.7 \n355.2 \nNov \n0.4 \n0.6 \n0.1 \n0.2 \n2.5 \n0.0 \n3.9 \n0.0 \n231.9 \n35.5 \n39.6 \n38.3 \n349.2 \nDec \n1.1 \n0.5 \n0.1 \n0.4 \n2.5 \n0.0 \n4.6 \n0.0 \n232.7 \n35.5 \n29.2 \n40.5 \n342.5 \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n0.1 \n0.5 \n0.0 \n0.2 \n1.8 \n0.0 \n2.6 \n0.0 \n81.3 \n10.0 \n23.5 \n34.7 \n152.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n106.9 \n91.7 \n21.3 \n220.0 \n44.8 \n0.0 \n2.7 \n-72.4 \n34.8 \n167.2 \n397.0 \n220.0 \n Feb \n102.8 \n66.0 \n55.7 \n224.5 \n45.3 \n0.0 \n2.7 \n-77.8 \n34.8 \n168.7 \n398.2 \n224.5 \n Mar \n104.3 \n62.3 \n52.8 \n219.5 \n45.8 \n0.0 \n1.2 \n-97.3 \n34.2 \n179.3 \n382.6 \n219.5 \n Apr \n107.3 64.6 \n56.3 \n228.3 \n 45.4 \n0.0 \n1.2 -98.1 \n34.2 \n 181.1 \n392.0 \n228.3 \n May \n112.2 \n67.1 \n54.4 \n233.6 \n46.7 \n0.0 \n1.2 \n-99.4 \n34.6 \n174.3 \n391.0 \n233.6 \n Jun \n114.6 \n56.2 \n52.3 \n223.1 \n46.7 \n0.0 \n1.2 \n-91.2 \n34.6 \n191.2 \n405.6 \n223.1 \n Jul \n111.3 \n82.7 \n27.0 \n220.9 \n47.1 \n0.0 \n1.2 \n-94.1 \n34.8 \n187.8 \n397.6 \n220.9 \n Aug \n109.5 \n80.6 \n 25.2 \n215.2 \n47.5 \n0.0 \n1.2 \n-101.7 \n34.5 \n 193.6 \n390.3 \n 215.2 \nSep \n111.2 \n82.6 \n19.0 \n212.8 \n47.9 \n0.0 \n1.2 \n-114.9 \n35.8 \n177.8 \n360.4 \n212.8 \nOct \n112.5 \n80.4 \n14.9 \n207.8 \n48.3 \n0.0 \n1.2 \n-114.3 \n35.6 \n176.7 \n355.2 \n207.8 \nNov \n122.6 \n59.7 \n20.0 \n202.3 \n48.2 \n0.0 \n1.2 \n-118.2 \n35.5 \n180.2 \n349.2 \n202.3 \nDec \n134.5 \n56.4 \n6.9 \n 197.8 \n48.9 \n0.0 \n1.2 \n-127.6 \n35.5 \n186.7 \n342.5 \n 197.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n36.8 \n57.7 \n5.7 \n100.1 \n11.7 \n0.0 \n0.0 \n0.7 \n10.0 \n29.6 \n152.1 \n100.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \n Feb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \n Mar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \n Apr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \n May \n30.2 \n179.6 \n0.2 \n20.3 \n230.0 \n307.3 \n120.3 \n40.4 \n121.9 \n820.0 \n Jun \n28.6 \n178.8 \n0.0 \n20.0 \n227.3 \n314.2 \n122.4 \n44.6 \n121.8 \n830.3 \n Jul \n26.1 \n207.4 \n0.0 \n20.0 \n253.5 \n312.4 \n123.1 \n48.6 \n121.6 \n859.2 \n Aug \n34.7 \n204.1 \n0.0 \n20.0 \n258.8 \n320.6 \n123.0 \n46.4 \n124.1 \n872.9 \n Sep \n36.4 \n204.9 \n0.0 \n20.0 \n261.3 \n353.4 \n122.7 \n52.2 \n124.6 \n914.2 \n Oct \n39.3 \n186.8 \n0.0 \n20.0 \n246.1 \n358.4 \n128.2 \n51.8 \n122.4 \n906.9 \n Nov \n39.7 \n163.1 \n0.0 \n40.0 \n242.8 \n361.6 \n135.8 \n43.6 \n122.9 \n906.7 \n Dec \n34.8 \n158.8 \n0.0 \n40.0 \n233.6 \n381.5 \n127.7 \n55.2 \n123.0 \n920.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n Jan \n30.9 \n147.5 \n0.2 \n40.0 \n218.6 \n384.5 \n136.4 \n64.4 \n125.3 \n929.1 \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n May \n315.3 \n212.0 \n527.4 \n193.3 \n23.4 \n820.0 \n527.4 \n Jun \n309.0 \n222.6 \n531.6 \n198.3 \n100.4 \n830.3 \n531.6 \n Jul \n339.1 \n222.8 \n561.9 \n202.0 \n95.3 \n859.2 \n561.9 \n Aug \n298.4 \n270.1 \n568.4 \n206.3 \n98.2 \n872.9 \n568.4 \n \n \n \n \n \n \n \n \n Sep \n336.1 \n246.9 \n583.0 \n209.2 \n122.0 \n914.2 \n583.0 \n Oct \n310.9 \n264.9 \n575.8 \n212.0 \n119.4 \n907.2 \n575.8 \n Nov \n328.9 \n244.3 \n573.1 \n214.8 \n118.8 \n906.7 \n573.1 \n Dec \n370.3 \n197.3 \n567.6 \n219.6 \n133.9 \n921.0 \n567.6 \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n Jan \n313.9 \n253.1 \n567.0 \n225.9 \n136.2 \n929.1 \n567.0 \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nJun \n131.96 \n75.70 \n3,341.46 \nJul \n132.92 \n112.12 \n3,445.93 \nAug \n132.27 \n89.04 \n3,434.00 \nSep \n146.00 \n96.00 \n3,822.80 \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \nApr \n189.66 \n71.98 \n4,894.68 \nMay \n212.72 \n73.99 \n5,471.22 \nJun \n211.19 \n73.29 \n5,436.57 \nJul \n232.87 \n66.77 \n5,9136.78 \nAug \n181.67 \n48.73 \n4,682.27 \nSep \n200.05 \n49.90 \n5,157.20 \nOct \n209.74 \n52.68 \n5,407.42 \nNov \n213.04 \n47.02 \n5,482.03 \nDec \n202.12 \n45.79 \n5,203.13 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \nJan \n189.45 \n35.40 \n4,882.11 \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \nMay \n1,393.0 \n121.5 \n66.2 \n527.4 \n2,108.0 \nJune \n1,218.4 \n108.6 \n70.6 \n531.6 \n1,929.2 \nJuly \n1,162.1 \n109.7 \n70.8 \n561.9 \n1,904.5 \nAugust \n1,132.7 \n105.8 \n70.4 \n568.4 \n1,877.2 \nSeptember \n1,193.8 \n101.6 \n69.8 \n583.0 \n1,948.2 \nOctober \n1,229.3 \n95.2 \n69.3 \n575.8 \n1,969.7 \nNovember \n1,232.8 \n79.7 \n73.4 \n573.1 \n1,959.0 \nDecember \n1,330.7 \n63.3 \n72.7 \n567.6 \n2,034.3 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,206.2 \n63.3 \n70.1 \n567.0 \n1,906.7 \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n1,035.2 \n200.3 \n36.2 \n66.0 \n-29.8 \nFebruary \n1,244.9 \n1,025.4 \n219.5 \n26.9 \n67.3 \n-40.4 \nMarch \n1,277.6 \n1,016.2 \n261.4 \n8.9 \n65.8 \n-57.0 \nApril \n1,491.7 \n1,050.1 \n441.6 \n23.4 \n68.5 \n-45.1 \nMay \n1,480.8 \n1,037.7 \n443.1 \n27.3 \n70.1 \n-42.8 \nJune \n1,425.8 \n969.7 \n456.0 \n24.1 \n66.9 \n-42.8 \nJuly \n1,429.9 \n964.9 \n465.1 \n11.6 \n66.3 \n-54.7 \nAugust \n1,285.0 \n945.0 \n340.0 \n7.4 \n64.6 \n-57.2 \nSeptember \n1,519.7 \n982.7 \n536.9 \n5.7 \n63.8 \n-58.1 \nOctober \n1,489.0 \n1,006.6 \n482.5 \n4.8 \n62.3 \n-57.5 \nNovember \n1,379.5 \n955.9 \n423.7 \n3.9 \n60.7 \n-56.8 \nDecember \n1,469.9 \n993.3 \n476.6 \n4.6 \n59.3 \n-54.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from May 2012, the prescribed liquid asset ratio was reviewed to 30% of liabilities to the public. \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,417.0 \n1,007.9 \n409.0 \n2.6 \n30.0 \n-27.4 \n35 \nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nValues of Transactions (US$ in millions) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n3,563.84 \n5.24 \n80.72 \n173.71 \n115.53 \n89.67 \nFeb \n2,968.02 \n5.52 \n103.88 \n156.66 \n118.70 \n80.56 \nMar \n3,339.98 \n15.21 \n134.33 \n178.08 \n118.47 \n102.05 \nApr \n3,535.58 \n16.58 \n140.28 \n187.85 \n160.61 \n123.03 \nMay \n3,915.31 \n15.42 \n129.20 \n203.37 \n211.75 \n152.24 \nJun \n3,544.35 \n13.65 \n117.11 \n181.35 \n146.64 \n121.98 \nJul \n3,955.45 \n12.31 \n132.61 \n205.37 \n164.08 \n139.13 \nAug \n3,351.13 \n10.45 \n138.05 \n203.41 \n189.48 \n128.68 \nSep \n3,409.17 \n13.34 \n120.41 \n190.44 \n173.13 \n142.32 \nOct \n3,641.98 \n13.75 \n121.55 \n206.51 \n201.51 \n156.26 \nNov \n3,134.35 \n11.40 \n102.19 \n229.52 \n222.18 \n57.34 \nDec \n3,438.08 \n4.04 \n130.15 \n265.80 \n268.94 \n68.58 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAnnual Total \n41,797.24 \n136.91 \n1,450.48 \n2,382.07 \n2,091.02 \n1,361.84 \n \n \n \n \n \n \n \nJan \n3,093.01 \n5.24 \n102.26 \n233.10 \n228.25 \n68.31 \n2014 \n \n \n \n \n \n \n36 \nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS TRANSACTIONAL ACTIVITY \nVolumes of Transactions (in thousands) \nMONTH \nZETSS \nCHEQUE \nPOS \nATM \nMOBILE \n INTERNET \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \nJan \n181.68 \n21.18 \n761.09 \n691.18 \n6,950.84 \n47.53 \nFeb \n172.41 \n21.95 \n811.83 \n620.06 \n6,835.89 \n30.75 \nMar \n179.44 \n37.01 \n1,377.65 \n743.82 \n7,042.27 \n33.69 \nApr \n182.87 \n37.31 \n954.80 \n760.46 \n9,908.41 \n34.73 \nMay \n215.20 \n37.09 \n954.18 \n793.43 \n12,146.90 \n38.68 \nJun \n185.80 \n34.36 \n968.54 \n731.17 \n9,110.97 \n36.87 \nJul \n205.85 \n35.41 \n1,052.26 \n822.57 \n10,099.72 \n42.74 \nAug \n187.25 \n30.29 \n1,114.86 \n825.75 \n11,551.94 \n41.78 \nSep \n201.22 \n33.17 \n1,003.98 \n799.62 \n8,701.56 \n44.48 \nOct \n212.66 \n35.69 \n1,073.88 \n873.19 \n9,769.81 \n48.59 \nNov \n186.64 \n31.74 \n904.27 \n927.93 \n14,753.35 \n24.04 \nDec \n180.80 \n11.82 \n1,033.73 \n1,042.32 \n12,273.02 \n23.56 \n \n \n \n \n \n \n \nAnnual Total 2,291.82 367.02 12,011.07 \n 9,631.50 \n 119,144.68 447.44 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2014 \n \n \n \n \n \n \nJan \n182.48 \n29.41 \n973.79 \n815.89 \n11,141.19 \n24.19", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/January2014.pdf"}

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+{"doc_id": "5139d9d295ca5a6e9fbd9eacb1fac571", "text": "1 \n \nPUBLIC \nPUBLIC \n \nBANK OF GHANA \nMONETARY POLICY COMMITTEE \nPRESS RELEASE \n28 January 2026 \n \n \nThe Monetary Policy Committee (MPC) held its 128th regular meeting from January 26 \n– 28, 2026, to evaluate recent economic developments and assess risks to the outlook \nfor inflation and growth. This briefing summarises the key discussions and the \nCommittee's decision on the Monetary Policy Rate. \n \nThe global economy proved more resilient than expected in 2025. Growth was broadly \nsupported by fiscal stimulus in some countries, rising real wages amid declining price \npressures, and increasing Artificial Intelligence-related investments, especially in the \nUS and Asia. These factors are expected to continue to provide broader support to \ndemand in the near-term. Against this backdrop, the IMF projects global growth to \nremain steady at 3.3 percent in 2026. \n \nGlobal headline inflation has gradually shifted towards central bank targets. This \nreflected a sustained drop in oil prices, lower food prices, declining underlying inflation, \nand anchored inflation expectations. Based on these developments, global financing \nconditions have eased considerably in both advanced and emerging-market \neconomies, supported by expectations of policy easing by central banks, increased \nrisk appetite, and the depreciation of the US dollar. These global dynamics are \nexpected to be favourable for the domestic economy going forward. \n \nOn the domestic front, growth recovery gained momentum in the year. The latest data \nfrom the Ghana Statistical Service showed that overall Real GDP expanded at an \nannual rate of 6.1 percent during the first three quarters of 2025, relative to 5.8 percent \nduring the corresponding period in 2024. Similarly, non-oil GDP grew by 7.5 percent \nfrom 5.8 percent over the same comparative period. The growth outturn was mainly \ndriven by the services and agriculture sectors. \n \nThe Bank’s Composite Index of Economic Activity (CIEA) registered further \nimprovement in the last quarter of 2025. The Index recorded 8.8 percent growth in \nNovember 2025, compared to 1.5 percent growth in November 2024. International \ntrade activities, credit to the private sector, industrial production and consumption \ncontributed to the improvement in the CIEA during the period. Furthermore, the latest \nconsumer and business confidence surveys continued to point to improved sentiments \non macroeconomic conditions. Most survey respondents cited easing inflation \nconditions, stable currency, prospects for lower borrowing costs, short-term realisation \nof industry prospects, and attainment of company targets as reasons for the optimism. \n \n \n2 \n \nPUBLIC \nPUBLIC \nHeadline inflation declined sharply from 23.8 percent in December 2024 to 5.4 percent \nin December 2025. The disinflation process was broad-based and supported by tight \nmonetary policy, fiscal consolidation, and currency appreciation. Inflation expectations \nacross all sectors (consumers, businesses and the financial sector) remained well \nanchored. The Bank’s core inflation measure, which excludes energy and utility prices, \nalso eased, indicating muted underlying inflationary pressures. \n \nGrowth in monetary aggregates moderated, reflecting the relatively tight policy stance \nin the year. Reserve money grew by 12.5 percent, significantly lower than the 47.8 \npercent recorded in 2024, mainly due to increased sterilisation efforts. Broad money \nsupply growth also declined to 16.5 percent from 31.9 percent over the same \ncomparative period. \n \nMoney market rates declined sharply, with the 91-day Treasury bill rate falling to 11.08 \npercent in December 2025 from 27.73 percent a year earlier. The easing of the \nmonetary policy rate by 900 basis points during the year led to a reduction of average \nlending rates to 20.45 percent from 30.25 percent. This supported a rebound in real \nprivate-sector credit growth to 13.1 percent from 2.0 percent in 2024. \n \nFiscal operations for the period to November 2025 reflected continued consolidation. \nThe overall fiscal deficit on commitment basis stood at 0.5 percent of GDP, significantly \nbelow the target of 3.5 percent. The primary balance on commitment basis recorded \na surplus of 2.8 percent of GDP, compared with a target of 0.6 percent. Public debt \ndeclined to 45.5 percent of GDP at end-November 2025, down from 63.1 percent a \nyear earlier. \n \nThe banking sector recorded a strong performance in 2025. Total assets increased in \nthe year, driven by growth in domestic deposits, domestic borrowings and \nshareholders’ funds. The asset growth was primarily reflected in investments which \nincreased significantly. The latest financial soundness indicators show that the banking \nsector was solvent, profitable, and efficient. The Non-Performing Loan (NPL) ratio \nimproved to 18.9 percent in December 2025, from 21.8 percent in 2024, although it \nremained elevated. Ongoing policy measures aimed at resolving legacy loans, \nenforcing strict credit underwriting standards, and addressing wilful defaults are \nexpected to further improve asset quality. The easing of the policy rate is expected to \nsupport credit conditions and strengthen financial intermediation, going forward. \n \nThe external sector recorded a robust performance. The year ended with a provisional \ncurrent account surplus of US$9.1 billion, up from US$1.5 billion in 2024, driven by \nstrong gold export earnings, increased private transfers, and moderation in the \nservices and income payments. These developments, together with high capital \ninflows resulted in a provisional balance of payments surplus of US$3.98 billion. Gross \nInternational Reserves increased to US$13.8 billion, equivalent to 5.7 months of import \ncover, at end-December 2025, compared to US$9.1 billion, equivalent to 4.1 months \nof import cover at end-December 2024. \n \nImproved reserve accumulation provided buffers for the local currency. The cedi \nstrengthened against the major trading currencies in 2025 and has remained relatively \nstable in the first few weeks of 2026. The currency’s strong performance reflected \nfavourable global conditions, prudent monetary policy, effective liquidity management, \n \n3 \n \nPUBLIC \nPUBLIC \nand significant reserve buildup. In 2025, the cedi recorded an appreciation of 40.7 \npercent against the US dollar, compared with a depreciation of 19.2 percent in 2024. \n \nIn taking the policy decision, the Committee acknowledged that macroeconomic \nconditions have improved significantly. This was supported by the tight monetary \npolicy stance, fiscal consolidation, and significant build-up of reserves. Inflation has \ndeclined faster than anticipated, expectations remain well anchored, and growth has \nstrengthened. With stability largely achieved, the focus of policy is gradually shifting \ntoward consolidating these gains and supporting stronger real sector recovery, job \ncreation, and improved financial intermediation. \n \nThe latest forecast and six-months ahead survey-based inflation expectations indicate \nthat headline inflation is broadly expected to be within the medium-term target, barring \npotential spillover risks from upward adjustments in utility prices and commodity \nmarket volatility. GDP growth is expected to remain strong in 2026, with the output \ngap narrowing. While this may introduce moderate demand-side pressures, the \nCommittee judged that current monetary conditions remain tight relative to prevailing \ninflation dynamics. Sustaining Ghana’s macroeconomic gains will hinge on disciplined \nfiscal policy, strong policy coordination, and targeted agricultural interventions to \ncontain food inflation, while remaining vigilant to heightened geopolitical tensions. \n \nBased on the foregoing considerations, the Committee, by a majority decision, voted \nto lower the Monetary Policy Rate by 250 basis points to 15.50 percent. The \nCommittee will continue to monitor developments closely and take appropriate policy \nactions to ensure that the gains from macroeconomic stability are translated into \nsustainable growth. \n \nInformational Note \nThe next Monetary Policy Committee (MPC) meeting is scheduled for March 16-18, \n2026. The meeting will conclude on March 18, 2026, with the announcement of the \npolicy decision.", "source": "BOG", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/MPC-Press-Release-January-2026-.pdf"}

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+{"doc_id": "5540040eb1a0da6a37fce28cce83b10e", "text": "MONTHLY ECONOMIC REVIEW \nAPRIL 2013 \nSelected Economic Indicators \n2 \nStock Market Developments \n3 \nInflation \n6 \nNational Payments System \n7 \nStatistical Tables \n9 \n \n \nMonetary Developments \n4 \nINSIDE THIS ISSUE: \n \nPAGE \nSELECTED ECONOMIC INDICATORS \n2 \n \n2013 \nMarch \n2013 \nApril \nZ.S.E. Mining Index1 \n66.21 \n71.98 \nZ.S.E. Industrial Index1 \n183.88 \n189.66 \nMoney Supply (Total Bank Deposits) (US$)2 \n3.80 billion \n3.97 billion \nMoney Supply (M3) Annual Growth2 \n10.47% \n14.85% \nYearly Inflation3 \n2.76% \n2.49% \nSources: \n1 Zimbabwe Stock Exchange \n2 Reserve Bank of Zimbabwe \n3 ZIMSTAT \n \n \n \nSTOCK MARKET DEVELOPMENTS \n \nActivity on the stock market during the \nmonth of April 2013, remained subdued as a \nresult of persistent liquidity constraints in the \neconomy. \n \n \n \nIn particular, the liquidity challenges damp-\nened the participation of local investors on \nthe ZSE. Trading was, therefore, largely sus-\ntained by foreign investors who purchased \nUS$17.5 million worth of shares, against \nsales of US$7.6 million in April 2013. \n \nAs a result of subdued activity, trading vol-\numes declined, from 231.1 million shares in \nthe previous month to 154.8 million shares in \nApril 2013. Over the same period last year, \ntrading volumes were recorded at 439.2 mil-\nlion shares, representing a 64.8% decrease on \na year-on-year basis. \nMarket turnover also declined to US$25.7 \nmillion in April, from US$37.7 million in \nMarch 2013. On an annual basis, market \nturnover registered a 19% decrease, from \nUS$31.8 million in April 2012. \n \nThe limited trading that occurred on the ZSE \nwas largely concentrated on a few heavily \ncapitalized counters which included Delta, \nInnscor, Econet and OK. These trades under-\npinned the 3.1% increase in the industrial \nindex, which closed the month under review \nat 189.66 points. On a year-to-date basis, the \nindustrial index gained 25.4%. \n \nThe mining index, however, recovered from \nthe previous downward trend, on the back of \ngains from Falgold (27.3%) and Hwange \n(33.2%). The mining index closed the month \n \n2 3 \n \n2 4 \nunder review 8.7% higher, at 71.98 points. \nOn a year-to-date basis, the mining index \ngained 8.6% in April 2013. \n \nThe above developments resulted in market \ncapitalization rising by 3.6%, from US$4.73 \nbillion in March to US$4.89 billion in April \n2013. On a year-to-date basis, market capi-\ntalization also registered a gain of 24.3%. \n \n \nMONETARY DEVELOPMENTS \n \nAnnual growth in broad money increased to \n14.85% in April 2013, from 10.47% in \nMarch. In absolute terms, broad money went \nup from US$3.79 billion in March to \nUS$3.97 billion in April 2013. \n \nOn a month on month basis, broad money \ngrew by 4.4% in April, compared to a de-\ncline of 0.4% recorded in March 2013. The \nincrease reflected expansions of 6.2% and \n6.1% in demand and under 30-day deposits, \nrespectively. \nPartially offsetting the increase in demand \nand short term deposits was a decline of \nUS$6.7 million in savings deposits, from \nUS$427.8 million in March to US$421.1 \nmillion in April 2013. Long term deposits \nremained unchanged at US$526.4 million. \n \n3 5 \nOn an annual basis, credit to the private sec-\ntor grew by 23.0% in April 2013, compared \nto 38.4% recorded in April 2012. The credit \ngrowth rate, in real terms, also declined re-\nflecting the generally slowdown in lending \nby banks, owing to increased uncertainties \nin the economy. \nOutstanding credit to the private sector de-\ncreased by US$50.9 million to US$3 569.4 \nmillion in April 2013, from US$3 620.4 \nmillion recorded in March. The decline in \nwas partially attributed to a general slow-\ndown in lending by banks, loan maturities \nnot rolled over, as well as impairments ow-\ning to high credit risks. \n \nThe slowdown in credit growth also mir-\nrored the declining growth trend of deposits. \nLoans and advances were largely extended to \nhouseholds (18.4%), agriculture (17.5%), \nmanufacturing \n(17.2%) \nand \ndistribution \n(16.4%) activities. \n \nAs at the end of April 2013, loans and ad-\nvances accessed by economic agents were \nused for raw materials and stocks, 36.6%; \nconsumer durables, 12%; capital expendi-\ntures, 18.7%; trade finance, 2%; and other re-\ncurrent expenditures, 30.7%. On the backdrop \nof high liquidity risks in the economy, loans \nand advances utilized for fixed investment \nactivities, which require long term capital, \nconstituted only 11.7% of the total credit as at \nend of April 2013. \n \nCredit to Government registered an increase \nof 5.5%, from US$170.6 million in March to \nUS$180 million in April 2013 largely reflect-\ning private placements of Treasury bills. \n \n \nINFLATION DEVELOPMENTS \n \nAnnual Inflation \n \nDomestic inflation slowed 2.49% in April \n2013, down from 2.76% in March 2013, on \nthe back of positive developments in both do-\nmestic and external factors. \nDepressed international oil and food prices, \ncoupled with a depreciated South Africa rand, \n4 \n \n6 \ncontributed to a slowdown in domestic infla-\ntion. \nAnnual food inflation slowed down to 3.58% \nin April 2013, from 4.18% in March 2013, \nwhile non-food inflation also declined from \n2.04% to 1.94%, during the same period. \nAnnual food inflation was largely driven by \nincreases in prices of bread and cereals, meat, \nfish and vegetables, while increases in rent-\nals, transport, education and alcoholic bever-\nages and tobacco largely contributed to an-\nnual non-food inflation. \nMonth-on-Month Inflation \n \nMonth-on-month inflation stood at -0.07 % in \nApril 2013, down from 0.21% in March \n2013, largely reflecting the slowdown in \nfood prices. \nMonthly food inflation fell to -0.44% in \nApril 2013, from 0.32% in March 2013, \nlargely as a result of decreases in cereal \nprices. \nMonthly non-food inflation posted a lower \nincrease of 0.11% in April 2013, from 0.15% \nin March 2013, following declines in cloth-\ning and footwear, furniture and equipment, \nas well as communication. \nInflation Outlook \nInflation is expected to remain low and sta-\nble, on account of a favourable outlook of \nexogenous factors, which include interna-\ntional oil and food prices, as well as US$/\nrand exchange rate depreciation. \n \nNATIONAL \nPAYMENTS \nSYSTEM \nDEVELOPMENTS \n \nDuring the month of April 2013, there was \nan increase in all payment platforms. \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nThe value of transactions processed through \nthe RTGS system in April 2013 increased by \n6% to US$3.54 billion, from US$3.33 billion \nin March 2013, while the volume of transac-\ntions registered an increase of 2%, from 179 \n435 to 182 865 in the same period. \n7 \nCard Systems \n \n \nThe total value of card based transactions \nrose by 5.1%, from US$312.5 million in \nMarch to US$328.2 million in April 2013. \n \nMobile and Internet Based Transactions \n \nThe value of mobile and internet based trans-\nactions rose by 28.6%, from US$220.6 mil-\nlion recorded in March 2013 to US$283.6 \nmillion in April 2013. \nCheques \n \nIn value terms, cheque transactions increased \nby 9.2%, from US$15.2 million in March \n2013 to US$16.6 million in March 2013. \n \n \n \n \n \n \nReserve Bank of Zimbabwe \nMay 2013 \n8 \n9 \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n1. Monetary Statistics \n \n \n1.1 Monetary Aggregates \n \n \n \n \n \n11 \n \n1.2 Broad Money Survey \n \n \n \n \n \n12 \n \n1.3 Analysis of Monthly Changes in Money Supply \n \n13 \n \n1.4 Analysis of Yearly Changes in Money Supply \n \n \n14 \n \n \n2. Sectoral Analysis of Bank Loans and Advances and Deposits \n \n \n2.1 Sectoral Analysis of Commercial Banks Loans and Advances 15 \n \n2.2 Sectoral Analysis of Merchant Banks Loans and Advances \n16 \n \n2.3 Sectoral Analysis of Merchant Acceptances \n \n \n17 \n \n2.4 Sectoral Analysis of Commercial Banks Deposits \n \n18 \n \n2.5 Sectoral Analysis of Merchant Banks Deposits \n \n19 \n \n3. External Statistics \n \n \n3.1 Total External Debt Outstanding by Debtor \n \n \n20 \n \n4. Interest Rates \n \n \n4.1 Lending Rates \n \n \n \n \n \n \n21 \n \n4.2 Banks Deposit Rates \n \n \n \n \n \n22 \n \n5. Inflation \n \n \n5.1 Monthly Inflation \n \n \n \n \n \n23 \n \n5.2 Yearly Inflation \n \n \n \n \n \n \n24 \n \n6. Exchange Rates \n \n \n \n \n \n \n \n25 \n \n \n \n \n \nSTATISTICAL TABLES \nCONTENTS \n \nTable \n \n \n \n \n \n \n \n \nPage \n \n \n7. Commercial Banks \n \n \n7.1 Assets \n \n \n \n \n \n \n \n26 \n \n7.2 Liabilities \n \n \n \n \n \n \n27 \n \n8. Accepting Houses \n \n \n8.1 Assets \n \n \n \n \n \n \n \n28 \n \n8.2 Liabilities \n \n \n \n \n \n \n29 \n \n 9. Building Societies \n \n \n9.1 Assets \n \n \n \n \n \n \n \n30 \n \n9.2 Liabilities \n \n \n \n \n \n \n31 \n \n10. Zimbabwe Stock Exchange Statistics \n \n \n \n \n32 \n \n11. Savings with Financial Institutions \n \n \n \n \n33 \n \n12. Analysis of Liquid Assets of Monetary Banks \n \n \n \n34 \n \n13. ZETSS, Cheques and Cards Activity \n \n \n \n \n35 \n \n10 \n11 \nTABLE 1.1 : MONETARY AGGREGATES \n US$ Thousands \n \n2012 \n2013 \n \nApril \nMay \nJune \nJuly \nAugust \nSeptember \nOctober \nNovember \nDecember \nJanuary \nFebruary \nMarch \n \n \n \n \n \n \n \n \n \n \n \n \n \nRBZ Demand Deposits \n82.9 \n78.6 \n79.7 \n80.1 \n80.9 \n82.1 \n80.7 \n79.6 \n80.8 \n78.6 \n78.3 \n77.3 \nComm. Banks Dem. Deposits \n1,833,486.4 \n1,804,232.7 \n1,815,912.3 \n1,875,149.3 \n1,826,752.4 \n1,869,138.7 \n1,894,495.7 \n1,804,260.4 \n1,981,218.7 \n1,924,517.4 \n1,875,465.4 \n1,860,664.0 \nMerchant Banks Dem. Deposits \n89,097.4 \n84,715.0 \n136,052.5 \n110,779.0 \n106,955.1 \n102,471.0 \n112,805.6 \n105,260.2 \n108,094.7 \n106,935.2 \n102,797.7 \n104,281.4 \nM1 \n1,922,666.7 \n1,889,026.3 \n1,952,044.5 \n1,986,008.4 \n1,933,788.4 \n1,971,691.8 \n2,017,382.0 \n1,909,600.2 \n2,089,394.2 \n2,031,531.2 \n1,978,341.4 \n1,965,022.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks Savings Deposits \n167,459.3 \n161,039.2 \n160,170.3 \n162,953.0 \n171,279.3 \n189,287.9 \n182,029.0 \n288,914.0 \n253,471.9 \n193,007.6 \n192,683.5 \n201,459.2 \nBuilding Soc. Savings Deposits \n133,025.2 \n156,772.0 \n171,972.6 \n168,562.6 \n171,825.0 \n176,983.1 \n164,699.0 \n163,276.1 \n180,152.6 \n159,093.7 \n168,605.4 \n168,484.1 \nP O S B Savings Deposits \n46,057.1 \n49,423.7 \n50,001.8 \n51,631.2 \n51,322.2 \n51,747.0 \n50,457.0 \n55,822.7 \n54,893.7 \n55,832.5 \n56,274.2 \n57,860.7 \nComm. Banks U-30 Day Deposits \n522,894.7 \n622,619.0 \n706,497.8 \n668,743.8 \n716,241.3 \n648,981.9 \n781,995.1 \n593,873.6 \n613,008.0 \n632,215.7 \n708,500.6 \n734,849.5 \nMerchant Banks U-30 Day Deposits \n116,172.0 \n100,355.4 \n91,241.5 \n36,431.8 \n39,907.3 \n60,358.5 \n35,887.6 \n69,265.1 \n67,930.5 \n91,671.2 \n65,975.9 \n62,324.3 \nBuilding Soc. U- 30 Day Deposits \n72,310.0 \n77,364.4 \n70,088.7 \n53,684.5 \n59,216.0 \n70,300.4 \n98,536.7 \n73,514.3 \n65,572.4 \n60,885.9 \n77,091.9 \n82,098.1 \nM2 \n2,980,584.0 \n3,056,599.9 \n3,202,017.2 \n3,128,015.2 \n3,143,579.4 \n3,169,350.6 \n3,320,987.1 \n3,154,266.0 \n3,324,423.3 \n3,224,237.8 \n3,247,472.9 \n3,272,098.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \nComm. Banks O-30 Day Deposits \n289,006.7 \n347,816.0 \n228,931.5 \n327,819.8 \n192,982.4 \n311,167.7 \n235,566.9 \n424,351.9 \n314,380.7 \n351,356.6 \n297,613.9 \n249,558.5 \nMerchant Banks O-30 Day Deposits \n41,942.5 \n66,248.4 \n31,257.6 \n65,758.0 \n64,463.7 \n56,445.3 \n60,561...8 \n46,439.3 \n44,191.4 \n21,339.0 \n55,714.0 \n52,841.7 \nBuilding Soc. O- 30 Day Deposits \n125,863.2 \n93,384.4 \n109,663.7 \n156,055.2 \n170,113.2 \n172,761.3 \n165,382.5 \n179,493.1 \n184,561.2 \n192,823.3 \n194,226.7 \n203,912.9 \nBuilding Soc. Class C Deposits \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n \n \n \n \n \n \n0.0 \nBuilding Soc. Other Share Deposits \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n10,141.6 \n11,266.6 \nP O S B Time Deposits \n6,217.4 \n5,995.0 \n8,259.1 \n9,770.5 \n8,018.0 \n8,316.8 \n11,324.0 \n9,964.9 \n8,973.9 \n8,497.2 \n8,447.9 \n8,845.8 \nM3 \n3,453,755.3 \n3,580,185.4 \n3,590,270.7 \n3,697,560.4 \n3,589,298.3 \n3,728,183.4 \n3,813,963.8 \n3,824,656.8 \n3,886,672.1 \n3,808,395.5 \n3,813,616.9 \n3,798,524.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \nApril \n \n 78.56 \n1,979,220.0 \n107,324.1 \n2,086,622.6 \n \n194,873.4 \n170,975.7 \n55,236.9 \n786,076.0 \n64,604.1 \n81,944.39 \n3,440,333.1 \n \n223,799.1 \n56,349.4 \n226,550.8 \n0.0 \n11,266.6 \n8,443.5 \n3,966,742.5 \n \n12 \nTABLE 1.2 : BROAD MONEY SURVEY \n US$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-330,975.30 \n-372,096.90 \n-375,252.50 \n-366,349.80 \n-459,138.70 \n-447,672.70 \n-417,840.40 \n-340,899.70 \n-435,528.80 \n-485,643.40 \n-478,669.10 \n-627,094.50 \n \n Assets \n1,049,371.80 \n1,014,946.00 \n1,008,028.90 \n1,010,995.60 \n918,272.00 \n952,305.80 \n964,367.00 \n1,063,411.00 \n1,089,808.50 \n994,812.70 \n988,575.61 \n867,399.60 \n \n Reserve Bank (RBZ) \n510,111.80 \n456,394.50 \n439,248.40 \n443,530.60 \n392,913.30 \n431,019.90 \n402,814.90 \n385,911.70 \n447,988.80 \n454,346.10 \n421,879.25 \n367,092.80 \n \n Deposit Money Banks (DMBs) \n514,286.00 \n531,555.60 \n547,519.30 \n543,103.30 \n497,720.10 \n490,916.00 \n527,291.20 \n635,377.30 \n599,274.60 \n507,151.40 \n529,296.47 \n469,834.90 \n \n Other Banking Institutions \n(OBIs) \\1 \n24,974.00 \n26,996.00 \n21,261.20 \n24,361.70 \n27,638.60 \n30,369.90 \n34,260.90 \n42,122.10 \n42,545.10 \n33,315.20 \n37,399.89 \n30,471.90 \n \n Liabilities \\2 \n-1,380,347.10 \n-1,387,042.90 \n-1,383,281.50 \n-1,377,345.40 \n-1,377,410.80 \n-1,399,978.50 \n-1,382,207.30 \n-1,404,310.70 \n-1,525,337.30 \n-1,480,456.00 \n-1,467,244.71 \n-1,494,494.10 \n \n RBZ \n1,157,868.10 \n1,144,411.30 \n1,145,150.60 \n1,142,322.10 \n1,144,176.70 \n1,149,650.90 \n1,147,233.00 \n1,147,319.70 \n1,149,161.20 \n1,149,023.60 \n1,141,623.47 \n1,135,073.40 \n \n DMBs \n200,681.00 \n220,947.20 \n216,314.50 \n217,204.30 \n216,220.20 \n233,273.50 \n211,042.10 \n233,317.40 \n352,118.40 \n311,214.10 \n303,476.08 \n337,091.10 \n \n OBIs \n21,798.00 \n21,684.40 \n21,816.30 \n17,818.90 \n17,013.80 \n17,054.10 \n23,932.20 \n23,673.70 \n24,057.80 \n20,218.40 \n22,145.17 \n22,329.60 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \n3,784,730.50 \n3,952,282.30 \n3,965,523.20 \n4,063,910.10 \n4,048,437.10 \n4,175,856.10 \n4,231,804.20 \n4,165,556.50 \n4,322,201.00 \n4,294,038.70 \n4,292,286.03 \n4,425,618.60 \n \nDOMESTIC CREDIT \n3,022,182.40 \n3,139,957.20 \n3,227,332.40 \n3,362,641.70 \n3,396,416.20 \n3,469,968.40 \n3,502,649.80 \n3,620,952.20 \n3,788,468.50 \n3,777,967.90 \n3,781,756.54 \n3,845,110.10 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n88,583.80 \n78,536.20 \n82,193.20 \n79,337.50 \n73,155.70 \n73,214.80 \n80,219.70 \n80,710.40 \n176,058.40 \n166,842.30 \n153,163.97 \n170,638.10 \n \n RBZ \n-1,718.70 \n-1,733.00 \n-2,106.20 \n-1,522.60 \n-1,502.40 \n-1,514.60 \n-11,344.70 \n-11,034.80 \n-11,097.80 \n-1,225.80 \n-1,192.38 \n-1,179.60 \n \n DMBs \n90,099.00 \n80,045.40 \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,122.73 \n151,543.00 \n \n OBIs \n203.6 \n223.8 \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.63 \n20,274.70 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Public Enterprises \n31,445.00 \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n54,091.40 \n \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n DMBs \n31,445.00 \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n54,091.40 \n \n Agri-PEs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n Other \n31,445.00 \n31,792.50 \n49,311.30 \n49,615.70 \n49,289.80 \n46,060.70 \n49,641.40 \n51,464.50 \n51,716.90 \n52,261.10 \n53,708.48 \n3,620,380.60 \n \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Private Sector \n2,902,153.60 \n3,029,628.50 \n3,095,827.90 \n3,233,688.50 \n3,273,970.70 \n3,350,693.00 \n3,372,788.70 \n3,488,777.20 \n3,560,693.20 \n3,558,864.50 \n3,574,884.08 \n3,620,380.60 \n \n RBZ \n44,103.00 \n47,176.70 \n43,759.20 \n38,792.30 \n41,323.60 \n42,548.20 \n42,122.00 \n41,521.50 \n40,636.30 \n41,014.10 \n41,015.10 \n41,041.10 \n \n DMBs \n2,513,158.60 \n2,622,165.20 \n2,663,738.30 \n2,797,404.90 \n2,823,945.60 \n2,897,885.30 \n2,890,646.50 \n2,996,259.40 \n3,065,153.80 \n3,057,321.20 \n3,065,133.69 \n3,111,948.80 \n \n OBIs \n344,891.90 \n360,286.50 \n388,330.30 \n397,491.40 \n408,701.50 \n410,259.50 \n440,020.20 \n450,996.30 \n454,903.20 \n460,529.20 \n468,735.29 \n467,417.70 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n762,548.20 \n812,325.10 \n738,190.80 \n701,268.40 \n652,020.90 \n705,887.60 \n729,154.40 \n544,604.30 \n533,732.40 \n516,070.80 \n510,529.50 \n580,508.50 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n3,453,755.20 \n3,580,185.40 \n3,590,270.70 \n3,697,560.40 \n3,589,298.30 \n3,728,183.40 \n3,813,963.80 \n3,824,656.80 \n3,886,672.10 \n3,808,395.40 \n3,813,616.93 \n3,798,524.10 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n \n-477,210.6 \n983,189.5 \n412,155.0 \n537,446.4 \n33,588.1 \n-1,460,400.2 \n1,140,521.7 \n293,394.4 \n26,484.0 \n \n4,443,953.2 \n3,808,385.3 \n \n180,007.9 \n-1,180.8 \n160,538.4 \n20,650.2 \n \n58,973.6 \n0.0 \n58,973.6 \n0.0 \n58,973.6 \n0.0 \n \n3,569,403.8 \n41,014.1 \n3,058,690.9 \n469,698.7 \n \n635,567.9 \n \n3,966,742.5 \n \n \n13 \nTABLE 1.3 : ANALYSIS OF MONTHLY CHANGES IN MONEY SUPPLY (M3) \n US$ Thousands \n1. Finance houses, building societies and P. O. S. B. \n2. Sign reversal. \n3. Net Domestic Assets consist of domestic credit and other items net. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n27,637.80 \n-41,121.60 \n-3,155.70 \n8,902.80 \n-92,789.00 \n11,466.10 \n29,832.30 \n76,940.70 \n-94,629.10 \n-50,114.50 \n6,974.25 \n-148,425.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n Assets \n32,408.00 \n-34,425.80 \n-6,917.10 \n2,966.70 \n-92,723.60 \n34,033.80 \n12,061.10 \n99,044.00 \n26,397.50 \n-94,995.80 \n-6,237.07 \n-121,176.0 \n Reserve Bank (RBZ) \n22,907.10 \n-53,717.30 \n-17,146.10 \n4,282.20 \n-50,617.30 \n38,106.70 \n-28,205.00 \n-16,903.20 \n62,077.10 \n6,357.30 \n-32,466.80 \n-54,786.5 \n Deposit Money Banks (DMBs) \n6,046.70 \n17,269.50 \n15,963.80 \n-4,416.00 \n-45,383.20 \n-6,804.10 \n36,375.10 \n108,086.10 \n-36,102.60 \n-92,123.20 \n22,145.09 \n-59,461.6 \n Other Banking Institutions (OBIs) \n\\1 \n3,454.30 \n2,022.00 \n-5,734.70 \n3,100.50 \n3,276.90 \n2,731.30 \n3,891.00 \n7,861.20 \n423 \n-9,229.80 \n4,084.65 \n-6,928.0 \n Liabilities \\2 \n-4,770.30 \n-6,695.80 \n3,761.40 \n5,936.10 \n-65.4 \n-22,567.70 \n17,771.10 \n-22,103.40 \n-121,026.60 \n44,881.30 \n13,211.32 \n-27,249.4 \n RBZ \n-594.8 \n-13,456.80 \n739.3 \n-2,828.50 \n1,854.60 \n5,474.20 \n-2,417.90 \n86.7 \n1,841.50 \n-137.6 \n-7,400.09 \n-6,550.1 \n DMBs \n4,542.10 \n20,266.20 \n-4,632.70 \n889.8 \n-984.1 \n17,053.30 \n-22,231.40 \n22,275.20 \n118,801.00 \n-40,904.20 \n-7,738.03 \n33,615.1 \n OBIs \n823 \n-113.7 \n131.9 \n-3,997.50 \n-805.1 \n40.3 \n6,878.20 \n-258.6 \n384.1 \n-3,839.40 \n1,926.80 \n184.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET DOMESTIC ASSETS \\3 \n-12,501.00 \n167,551.70 \n13,240.90 \n98,386.90 \n-15,473.10 \n127,419.00 \n55,948.10 \n-66,247.70 \n156,644.50 \n-28,162.20 \n-1,752.72 \n133,332.6 \nDOMESTIC CREDIT \n20,014.40 \n117,774.80 \n87,375.20 \n135,309.30 \n33,774.50 \n73,552.20 \n32,681.40 \n118,302.40 \n167,516.40 \n-10,500.60 \n3,788.59 \n63,353.6 \n Claims on Government (net) \n-999 \n-10,047.60 \n3,657.00 \n-2,855.70 \n-6,181.90 \n59.1 \n7,004.90 \n490.8 \n95,348.00 \n-9,216.10 \n-13,678.34 \n17,474.1 \n RBZ \n43 \n-14.3 \n-373.2 \n583.5 \n20.3 \n-12.2 \n-9,830.10 \n309.9 \n-63 \n9,872.00 \n33.43 \n12.8 \n DMBs \n-1,245.50 \n-10,053.60 \n4,050.40 \n-3,235.60 \n-6,202.10 \n71.3 \n15,601.40 \n180.9 \n95,410.90 \n-18,088.00 \n-13,711.77 \n-2,579.8 \n OBIs \n203.6 \n20.2 \n-20.2 \n-203.6 \n0 \n0 \n1,233.60 \n0 \n0 \n-1,000.00 \n0.0 \n20,041.1 \n Claims on Public Enterpris \n1,475.60 \n347.5 \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n1,823.10 \n252.4 \n544.3 \n1,447.33 \n382.9 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n DMBs \n1,475.60 \n347.5 \n17,518.80 \n304.3 \n-325.8 \n-3,229.10 \n3,580.70 \n18231 \n252.4 \n544.3 \n1,447.33 \n382.9 \n Agri-PEs \n-1 \n0 \n0 \n0 \n-4,771.80 \n-4,772.80 \n-4,773.80 \n-4,774.80 \n0 \n0 \n0 \n0 \n Other \n1,476.60 \n347.5 \n17,518.80 \n304.3 \n4,446.00 \n1,543.70 \n8,354.50 \n6,597.90 \n252.4 \n544.3 \n1,447.33 \n382.9 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n0.0 \n Claims on Private Sector \n19,537.70 \n127,474.90 \n66,199.40 \n137,860.60 \n40,282.20 \n76,722.30 \n22,095.70 \n115,988.50 \n71,916.00 \n-1,828.70 \n16,019.59 \n45,496.5 \n RBZ \n-3,605.00 \n3,073.70 \n-3,417.50 \n-4,967.00 \n2,531.30 \n1,224.60 \n-426.2 \n-600.5 \n-885.3 \n377.8 \n1.0 \n-1.0 \n DMBs \n29,007.30 \n109,006.50 \n41,573.10 \n133,666.60 \n26,540.70 \n73,939.70 \n-7,238.70 \n105,612.90 \n68,894.30 \n-7,832.60 \n7,812.52 \n46,815.1 \n OBIs \n-5,864.50 \n15,394.60 \n28,043.80 \n9,161.00 \n11,210.10 \n1,558.00 \n29,760.70 \n10,976.10 \n3,906.90 \n5,626.00 \n8,206.07 \n-1,317.5 \nOTHER ITEMS (NET) \n-32,515.40 \n49,777.00 \n-74,134.30 \n-36,922.40 \n-49,247.60 \n53,866.80 \n23,266.70 \n-184,550.10 \n-10,871.90 \n-17,661.60 \n-5,541.30 \n69,979.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n15,136.70 \n126,430.10 \n10,085.30 \n107,289.70 \n-108,262.00 \n138,885.10 \n85,780.40 \n10,692.90 \n62,015.40 \n-78,276.70 \n5,221.54 \n-15,092.8 \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n0.40% \n3.70% \n0.30% \n3.00% \n-2.90% \n3.90% \n2.30% \n0.30% \n1.60% \n-2.00% \n0.14% \n-0.4% \n Domestic Credit \n0.70% \n3.90% \n2.80% \n4.20% \n1.00% \n2.20% \n0.90% \n3.40% \n4.60% \n-0.30% \n0.10% \n1.7% \n Claims on Private Sector \n0.70% \n4.40% \n2.20% \n4.50% \n1.20% \n2.30% \n0.70% \n3.40% \n2.10% \n-0.10% \n0.45% \n1.3% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n \n \n149,883.9 \n \n115,789.9 \n45,062.2 \n67,611.5 \n3,116.2 \n34,093.9 \n5,448.4 \n-43,696.7 \n4,154.5 \n \n18,334.6 \n-36,724.9 \n9,369.8 \n-1.2 \n8,995.5 \n375.5 \n4,882.2 \n0.0 \n4,882.2 \n0.0 \n4,882.2 \n0.0 \n-50,976.8 \n0.0 \n-53,257.8 \n2,281.0 \n55,059.4 \n \n168,218.4 \n \n4.4% \n-1.0% \n-1.4% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \nMAY \nJUNE \nJULY \nAUGUST \nSEPTEMBER \nOCTOBER \nNOVEMBER \nDECEMBER \nJANUARY \nFEBRUARY \nMARCH \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nNET FOREIGN ASSETS \n-27,421.40 \n-103,677.30 \n-202,674.90 \n-89,936.30 \n-190,761.00 \n-131,411.50 \n-100,210.80 \n-19,830.80 \n-139,041.90 \n-211,017.80 \n-408,762.52 \n-268,481.4 \n Assets \n63,059.10 \n4,008.90 \n-129,754.20 \n-42,038.00 \n-142,367.40 \n-71,725.60 \n-81,928.20 \n36,818.40 \n33,821.10 \n-99,644.30 \n-321,764.74 \n-149,564.2 \n Reserve Bank (RBZ) \n83,610.00 \n20,800.00 \n-95,804.20 \n-5,809.40 \n-77,953.30 \n-5,234.10 \n-34,371.40 \n-34,330.10 \n33,849.90 \n23,562.10 \n-129,087.95 \n-120,111.9 \n Deposit Money Banks (DMBs) \n-38,349.10 \n-41,001.10 \n-41,235.80 \n10,917.80 \n-76,767.00 \n-84,133.70 \n-68,113.20 \n53,083.10 \n-22,552.60 \n-134,496.90 \n-207,670.13 \n-38,404.5 \n Other Banking Institutions (OBIs) \n\\1 \n17,798.20 \n24,210.00 \n7,285.80 \n10,917.80 \n12,352.80 \n17,642.10 \n20,556.40 \n18,065.40 \n22,523.80 \n11,290.50 \n14,993.34 \n8,952.2 \n Liabilities \\2 \n-90,480.50 \n-107,686.20 \n-72,920.70 \n-47,898.30 \n-48,393.50 \n-59,685.90 \n-18,282.60 \n-56,649.10 \n-172,863.00 \n-111,373.40 \n-86,997.79 \n-118,917.3 \n RBZ \n-14,778.20 \n-22,208.00 \n-23,594.10 \n-28,246.40 \n-27,498.90 \n-21,730.40 \n-33,783.90 \n-20,811.30 \n-2,908.60 \n-9,155.50 \n-20,012.20 \n-23,389.5 \n DMBs \n83,460.60 \n108,209.80 \n74,698.50 \n78,373.30 \n79,089.80 \n89,568.80 \n53,504.60 \n79,315.30 \n177,406.00 \n121,978.00 \n105,662.89 \n140,952.3 \n OBIs \n21,798.00 \n21,684.40 \n21,816.30 \n-2,228.60 \n-3,197.30 \n-8,152.60 \n-1,438.00 \n-1,854.90 \n-1,634.40 \n-1,449.10 \n1,347.09 \n1,354.5 \nNET DOMESTIC ASSETS \\3 \n879,760.10 \n950,213.50 \n893,222.20 \n880,494.10 \n827,621.50 \n830,303.80 \n860,964.80 \n755,911.50 \n925,312.70 \n874,388.80 \n844,811.73 \n628,387.0 \nDOMESTIC CREDIT \n901,624.20 \n892,017.10 \n842,025.30 \n864,860.40 \n822,357.30 \n802,510.00 \n795,755.70 \n873,159.50 \n990,341.70 \n986,989.40 \n963,317.91 \n842,942.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Claims on Government (net) \n91,058.50 \n80,446.20 \n84,027.80 \n81,808.40 \n75,191.50 \n74,845.90 \n82,122.60 \n82,338.10 \n177,893.20 \n168,720.90 \n154,919.99 \n81,055.3 \n DMBs \n90,099.00 \n80,045.40 \n84,095.80 \n80,860.20 \n74,658.00 \n74,729.30 \n90,330.70 \n90,511.60 \n185,922.50 \n167,834.50 \n154,123.73 \n60,198.4 \n OBIs \n203.6 \n223.8 \n203.6 \n0 \n0 \n0 \n1,233.60 \n1,233.60 \n1,233.60 \n233.6 \n233.625 \n20,274.7 \n Claims on Public Enterprises \n5,024.70 \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n24,274.7 \n RBZ \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n DMBs \n5,024.70 \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,792.40 \n7,557.90 \n9,664.95 \n24,122.0 \n Agri-PEs \n-252.3 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n-1.0 \n Other \n5,277.00 \n2,323.80 \n9,520.40 \n5,300.20 \n7,279.80 \n-3,179.60 \n49.8 \n9,427.10 \n6,793.40 \n7,557.90 \n9,665.95 \n24,123.0 \n OBIs \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0.0 \n Claims on Private Sector \n805,541.00 \n809,247.00 \n748,477.10 \n777,751.70 \n739,886.00 \n730,843.70 \n713,583.30 \n781,394.30 \n805,656.00 \n810,710.60 \n798,732.97 \n737,764.8 \n RBZ \n7,991.30 \n10,864.80 \n3,313.70 \n665 \n1,765.10 \n-9,455.10 \n-9,387.20 \n-3,975.50 \n-3,903.10 \n-5,788.80 \n-7,388.11 \n-6,693.9 \n DMBs \n648,551.40 \n654,211.80 \n584,559.50 \n616,003.90 \n597,497.20 \n617,287.40 \n574,157.10 \n654,515.10 \n687,696.60 \n691,818.10 \n687,296.33 \n627,797.4 \n OBIs \n148,998.40 \n144,170.40 \n160,603.90 \n161,082.90 \n140,623.70 \n123,011.40 \n148,813.50 \n130,854.70 \n121,862.50 \n124,681.30 \n118,824.75 \n116,661.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOTHER ITEMS (NET) \n-21,864.10 \n58,196.40 \n51,196.90 \n15,633.70 \n5,264.20 \n27,793.80 \n65,209.10 \n-117,248.00 \n-65,029.00 \n-112,600.70 \n-118,506.18 \n-214,555.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nBROAD MONEY (M3) \n852,338.70 \n846,536.20 \n690,547.40 \n790,557.90 \n636,860.50 \n698,892.30 \n760,753.90 \n736,080.70 \n786,270.80 \n663,371.00 \n436,049.20 \n359,905.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nGROWTH RATES \n \n \n \n \n \n \n \n \n \n \n \n \n Broad Money (M3) \n32.80% \n31.00% \n23.80% \n27.20% \n21.60% \n23.10% \n24.90% \n23.80% \n25.40% \n21.10% \n12.91% \n10.5% \n Domestic Credit \n42.50% \n39.70% \n35.30% \n34.60% \n31.90% \n30.10% \n29.40% \n31.80% \n35.40% \n35.40% \n34.18% \n28.1% \n Claims on Private Sector \n38.40% \n36.40% \n31.90% \n31.70% \n29.20% \n27.90% \n26.80% \n28.90% \n29.20% \n29.50% \n28.77% \n25.6% \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n \n \n-146,235.3 \n-66,182.3 \n-97,956.8 \n23,160.4 \n8,614.1 \n-80,053.1 \n-17,346.3 \n92,713.4 \n4,686.0 \n659,222.6 \n786,202.9 \n \n91,424.1 \n70,439.5 \n20,446.7 \n27,528.6 \n0.0 \n27,528.6 \n0.0 \n27,528.6 \n0.0 \n667,250.2 \n-3,088.9 \n545,532.3 \n124,806.8 \n \n-126,980.3 \n \n512,987.3 \n \n \n14.9% \n26.0% \n23.0% \n \n \nTABLE 1.4 : ANALYSIS OF YEARLY CHANGES IN MONEY SUPPLY (M3) \n \n \n \n \n$ Thousands \n \n \n \n \n14 \n15 \nTABLE 2.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION \nCOMMUNICA-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL \nMANUFAC-\nTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES/1 \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n363,990.9 \n39,589.6 \n27,332.8 \n322,510.1 \n8,749.9 \n74,636.2 \n336,196.7 \n77,655.7 \n198,437.3 \n52,515.7 \n171,956.3 \n1,013.2 \n1,674,584.5 \nFEBRUARY \n352,190.20 \n36,718.69 \n26,551.03 \n284,567.87 \n9,291.08 \n85,886.99 \n336,261.49 \n88,738.25 \n202,845.20 \n53,191.93 \n172,424.01 \n1,567.65 \n1,650,234.17 \nMARCH \n354,440.8 \n37,811.0 \n31,484.9 \n328,381.1 \n8,193.5 \n92,178.6 \n324,375.5 \n108,000.1 \n205,453.7 \n32,088.9 \n174,479.6 \n1,583.8 \n1,698,471.4 \nAPRIL \n341,893.5 \n30,462.0 \n33,633.8 \n358,038.0 \n5,558.5 \n78,498.4 \n334,699.5 \n110,765.7 \n220,956.5 \n26,181.8 \n179,845.8 \n1,355.3 \n1,721,888.8 \nMAY \n375,541.0 \n30,286.7 \n31,158.4 \n350,097.9 \n7,623.4 \n97,695.7 \n327,187.7 \n113,796.7 \n207,041.1 \n28,432.9 \n202,146.6 \n1,738.3 \n1,772,746.5 \nJUNE \n402,314.1 \n30,399.7 \n37,466.6 \n356,842.2 \n7,580.8 \n28,025.9 \n337,059.2 \n130,973.8 \n201,898.0 \n40,295.4 \n219,606.7 \n1,649.8 \n1,794,112.2 \nJULY \n416,536.2 \n26,795.9 \n36,424.2 \n369,410.8 \n8,174.0 \n26,119.1 \n348,484.2 \n136,934.2 \n203,314.6 \n36,869.5 \n249,542.8 \n3,382.6 \n1,861,988.0 \nAUGUST \n422,545.8 \n30,950.3 \n43,395.1 \n390,558.4 \n8,333.0 \n29,323.9 \n348,252.0 \n146,338.5 \n173,945.4 \n55,950.3 \n254,919.8 \n3,523.5 \n1,907,991.4 \nSEPTEMBER \n431,501.7 \n36,637.9 \n38,487.8 \n384,840.8 \n6,828.2 \n37,420.1 \n396,813.5 \n145,657.9 \n219,452.1 \n29,378.2 \n254,248.3 \n5,036.1 \n1,986,302.5 \nOCTOBER \n444,653.7 \n33,583.2 \n34,764.4 \n411,489.2 \n9,551.4 \n29,439.4 \n401,206.1 \n144,223.4 \n230,809.2 \n35,103.6 \n271,795.8 \n6,715.9 \n2,053,335.2 \nNOVEMBER \n444,527.3 \n33,548.0 \n37,207.3 \n428,008.3 \n10,704.6 \n32,236.2 \n417,838.2 \n142,715.0 \n228,088.4 \n36,568.0 \n267,282.0 \n8,055.2 \n2,087,778.7 \nDECEMBER \n444,341.0 \n32,622.8 \n37,353.2 \n428,782.2 \n8,513.2 \n31,513.9 \n414,044.9 \n148,927.9 \n233,864.4 \n33,116.1 \n288,628.5 \n9,370.9 \n2,111,078.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n450,170.0 \n31,073.4 \n38,762.3 \n426,050.9 \n11,967.9 \n31,547.4 \n417,961.3 \n144,645.1 \n237,323.7 \n33,906.5 \n300,841.1 \n9,373.1 \n2,133,622.7 \nFREBRUARY \n494,536.6 \n33,786.9 \n28,372.0 \n439,556.7 \n14,811.4 \n33,948.5 \n409,692.7 \n128,242.7 \n303,269.9 \n38,235.9 \n298,171.5 \n3,685.5 \n2,226,310.2 \nMARCH \n467,873.97 \n41,532.7 \n68,987.2 \n433,337.1 \n16,118.8 \n34,704.7 \n471,204.9 \n159,925.7 \n307,134.7 \n44,413.57 \n370,123.5 \n4,491.7 \n2,419,848.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n455,178.85 \n43,628.19 \n23,433.43 \n428,381.71 \n14997.84 \n35,589.10 \n444,798.68 \n135,046.20 \n288,857.56 \n45,643.59 \n377,036.95 \n7,693.65 \n2,300,585.76 \n1. These are large corporation with business operations covering across a number of sectors. \nTABLE 2.2 :SECTORAL ANALYSIS OF MERCHANT BANKS LOANS AND ADVANCES \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nCONSTRUCTION DISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT INDIVIDUALS CONGLOM-\nERATES \nTOTAL \nEND OF \n \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n35,376.1 \n10,738.7 \n47,937.8 \n17,312.5 \n50,388.0 \n66,466.5 \n39,965.4 \n84,903.2 \n26,657.0 \n71,065.7 \n2,342.2 \n453,153.1 \nFEBRUARY \n34,059.98 \n13,041.24 \n52,903.21 \n13,996.58 \n16,604.58 \n63,567.90 \n54,375.98 \n102,197.29 \n38,026,78 \n79,721.89 \n4,643.07 \n473,138.5 \nMARCH \n39,424.8 \n9 774.0 \n61,447.5 \n17,975.5 \n16,996.3 \n58,655.1 \n41,242.3 \n105,237.4 \n24,714.2 \n78,820.4 \n12,938.4 \n467,225.9 \nAPRIL \n43,485.3 \n10,392.5 \n61,081.2 \n19,067.3 \n19,238.3 \n57,209.2 \n43,704.5 \n106,196.8 \n36,968.1 \n84,346.1 \n4,839.5 \n486,528.7 \nMAY \n78,656.9 \n13,181.3 \n27,476.1 \n12,928.2 \n22,947.0 \n62,231.5 \n79,196.3 \n74,699.3 \n47,191.6 \n115,625.4 \n8,319.3 \n542,453.4 \nJUNE \n99,949.6 \n12,989.0 \n55,552.6 \n15,544.8 \n22,884.4 \n64,832.4 \n58,599.9 \n91,171.3 \n33,744.2 \n125,204.9 \n7,515.8 \n587,988.8 \nJULY \n57,212.2 \n15,008.9 \n28,053.9 \n25,999.1 \n48,343.1 \n66,151.0 \n76,442.2 \n92,251.0 \n46,904.3 \n111,009.8 \n4,461.3 \n571,836.8 \nAUGUST \n49,200.5 \n14,198.6 \n38,216.6 \n26,733.6 \n27,.22.2 \n54,208.9 \n65,862.8 \n65,893.7 \n44,173.3 \n114,603.8 \n7,371.6 \n507,485.6 \nSEPTEMBER \n57,953.8 \n14,365.5 \n37,230.9 \n27,211.1 \n27,365.5 \n54,699.3 \n67,007.8 \n69,196.8 \n43,515.1 \n119,899.9 \n7,225.4 \n525,670.8 \nOCTOBER \n62,501.8 \n15,369.1 \n50,322.8 \n13,991.3 \n43,176.3 \n76,085.7 \n 84,137.4 \n74,481.1 \n36,442.3 \n 159,860.1 \n7,139.6 \n 623,507.5 \nNOVEMBER \n79,498.6 \n17,399.0 \n51,214.2 \n37,028.4 \n41,525.2 \n68,737.1 \n65,831.1 \n81,757.5 \n41,273.6 \n165,811.3 \n8,614.2 \n658,690.2 \nDECEMBER \n69,626.60 \n17,100.57 \n61,871.18 \n35,218.31 \n38,605.14 \n76,364.84 \n79,801.05 \n85,485.21 \n45,026.61 \n166,500.19 \n8,482.65 \n684,082.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n67,517.6 \n16,163.5 \n56,807.8 \n18,616.7 \n58,326.4 \n78,419.6 \n89,890.9 \n106,553.9 \n18,590.6 \n144,497.3 \n15,986.5 \n671,370.7 \nFEBRUARY \n58,292.9 \n21,826.4 \n56,104.4 \n18,101.2 \n62,883.5 \n78,714.5 \n89,292.0 \n117,785.5 \n17,680.2 \n128,827.9 \n9,967.9 \n668,578.1 \nMARCH \n69,856.5 \n16,673.4 \n60,104.1 \n16,684.4 \n58,510.5 \n72,517.4 \n97,158.1 \n88,814.4 \n14,831.7 \n173,486.3 \n17,657.4 \n686,294.1 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \nAPRIL \n63,793.8 \n17,080.4 \n63,074.6 \n20,726.0 \n58,308.4 \n70,475.5 \n89,412.8 \n87,962.4 \n15,412.2 \n174,072.5 \n18,871.2 \n680,189.8 \n16 \n17 \nTABLE 2.3 :SECTORAL ANALYSIS OF MERCHANT BANKS ACCEPTANCES \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICULTURE \nDISTRIBUTION \nFINANCIAL \nFINANCIAL \nMANUFACTURING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \nEND OF \n \n \nINVESTMENT ORGANISATIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n15,494.8 \n1,897.5 \n0.0 \n479,6 \n31,053.3 \n31,756.6 \n20,082.4 \n0.0 \n1,516.1 \n3,623.5 \n105,903.9 \n FEBRUARY \n 16,359.6 \n483.9 \n0.0 \n734.6 \n32,663.4 \n15,907.7 \n5,112.6 \n0.0 \n301.8 \n0.0 \n71,563.6 \nMARCH \n15,328.4 \n4,816.6 \n0.0 \n734.6 \n33,053.5 \n22,330.2 \n3,206.4 \n0.0 \n301.8 \n0.0 \n75,436.7 \nAPRIL \n7,793.4 \n831.6 \n0.0 \n180.6 \n19,825.5 \n23,032.0 \n12,462.5 \n102.0 \n189.3 \n0.0 \n69,482.2 \nMAY \n0.0 \n0.0 \n0.0 \n2,055.8 \n14,431.9 \n15,786.1 \n17,666.6 \n589.7 \n2,850.8 \n836.1 \n54,217..1 \nJUNE \n1,031.1 \n1,011.3 \n0.0 \n1,875.2 \n13,904.0 \n21,823.7 \n16,562.2 \n0.0 \n189.3 \n836.1 \n57,233.0 \nJULY \n125.6 \n0.0 \n0.0 \n0.0 \n7,054.0 \n19,331.9 \n14,121.2 \n1,533.9 \n0.0 \n0.0 \n42,166.6 \nAUGUST \n0.0 \n913.3 \n0.0 \n0.0 \n13,898.0 \n13,694.7 \n18,347.2 \n0.0 \n0.0 \n0.0 \n46,853.3 \nSEPTEMBER \n0.0 \n11,242.5 \n0.0 \n0.0 \n12,193.0 \n15,228.3 \n3,969.9 \n0.0 \n0.0 \n0.0 \n42,633.7 \nOCTOBER \n0.0 \n1,135.0 \n0.0 \n0.0 \n2,134.9 \n28,261.6 \n204.0 \n0.0 \n0.0 \n0.0 \n31,735.5 \nNOVEMBER \n8,373.2 \n3,045.0 \n11,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n0.0 \n34,497.7 \nDECEMBER \n6,559.3 \n1,430.0 \n14,889.0 \n0.0 \n0.0 \n0.0 \n0.0 \n0.0 \n11,190.4 \n70.0 \n34,138.7 \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n70.0 \n0.0 \n0.0 \n0.0 \n3,641.0 \n18,088.3 \n1,189.0 \n11,190.4 \n0.0 \n0.0 \n34,178.7 \nFEBRUARY \n100.0 \n0.0 \n0.0 \n0.0 \n8,000.0 \n14,889.0 \n1,569.0 \n0.0 \n0.0 \n0.0 \n24,558.3 \n \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n70.0 \n0.0 \n0.0 \n0.0 \n7,860.0 \n0.0 \n154.0 \n0.0 \n15,400.0 \n0.0 \n23,484.0 \nAPRIL \n5,100.0 \n0.0 \n0.0 \n0.0 \n7,620.0 \n14,889.0 \n278.0 \n0.0 \n15,200.0 \n0.0 \n43,087.0 \n18 \n TABLE 2.4 : SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nEND OF \nAGRICUL-\nTURE \nCONSTRUC-\nTION \nCOMMUNI-\nCATIONS \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES TRANSPORT \nINDIVIDUALS \nCONGLOMERATES \nTOTAL \n \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n137,919.4 \n35,324.8 \n106,812.5 \n296,807.8 \n116,945.8 \n277,304.7 \n268,525.2 \n119,278.5 \n515,754.9 \n21,989.9 \n431,208.6 \n14,582.8 \n2,342,454.9 \n FEBRUARY \n132,404.53 \n36,283.33 \n110,794.26 \n341,462.75 \n99,165.46 \n288,834.34 \n264,450.53 \n104,923.38 \n577,378.61 \n22,873.9 \n467,084.94 \n14,234.06 \n2,459,890.1 \nMARCH \n121,233.1 \n38,555.4 \n124,038.5 \n348,687.2 \n93,320.0 \n263’552.7 \n276,941.5 \n76,084.4 \n629,624.3 \n24,984.1 \n468,608.5 \n14,756.2 \n2,480,386.1 \nAPRIL \n127,168.8 \n39,606.6 \n115,033.7 \n331,306.5 \n83,707.8 \n289,829.1 \n276,208.7 \n75,855.9 \n644,979.8 \n24,822.5 \n465,129 \n14,829.3 \n2,488,477.6 \nMAY \n124,277.7 \n43,333.7 \n142,130.1 \n370,561.1 \n93,500.0 \n249,454.2 \n299,116.6 \n86,314.7 \n648,511.1 \n28,279.3 \n516,523.0 \n16,891.5 \n2,618,892.9 \nJUNE \n84,589.8 \n51,354.0 \n132,428.7 \n351,179.8 \n98,785.6 \n375,613.6 \n214,696.7 \n76,370.1 \n727,955.7 \n36,208.4 \n456,454.4 \n18,727.6 \n2,624,364.4 \nJULY \n106,470.8 \n47,401.0 \n131,489.0 \n345,036.3 \n70,487,9 \n397,969.7 \n213,370.5 \n89,915.4 \n726,447.6 \n46,000.4 \n505,054.1 \n29,735.3 \n2,709,378.0 \nAUGUST \n99,151.6 \n49,226.4 \n116,820.6 \n363,080.1 \n382,619.4 \n71,775.9 \n216,433.0 \n73,978.5 \n737,065.6 \n48,183.8 \n488,183.8 \n28,785.3 \n2,663,379.8 \nSEPTEMBER \n113,907.6 \n43,671.0 \n125,801.3 \n276,363.0 \n177,790.6 \n429,596.7 \n228,342.2 \n82,777.7 \n651,389.2 \n48,764.9 \n517,788.8 \n29,019.9 \n2,725,213.0 \nOCTOBER \n101,122.4 \n48,716.9 \n155,798.3 \n313,982.4 \n257,300.6 \n409,730.0 \n245,131.8 \n83,995.5 \n661,217.2 \n48,396.8 \n534,643.6 \n26,158.0 \n2,886,193.5 \nNOVEMBER \n104,695.1 \n53,233.8 \n151,359.5 \n348,390.4 \n185,802.5 \n464,782.4 \n269,513.8 \n85,906.9 \n962,840.9 \n47,647.2 \n548,847.7 \n23,130.6 \n3,246,150.7 \nDECEMBER \n96,098.4 \n50,492.7 \n126,343.5 \n379,068.0 \n198,323.3 \n509,241.6 \n280,975.4 \n95,457.1 \n582,286.2 \n41,852.2 \n538,135.2 \n26,491.3 \n2,924,764.8 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n91,648.8 \n48,329.1 \n128,426.0 \n351,566.7 \n212,401.7 \n494,823.6 \n252,389.7 \n93,470.0 \n658,260.1 \n44,091.4 \n512,289.8 \n32,145.9 \n2,919,842.6 \nFEBRUARY \n96,796.5 \n48,491.5 \n147,571.5 \n360,757.9 \n 147,995.9 \n 578,306.4 \n284,603.8 \n64,530.5 \n679,554.8 \n41,983.6 \n516,431.2 \n25,275.3 \n2,991.999.1 \nMARCH \n96,752.8 \n44,883.3 \n139,327.8 \n354,627.8 \n155,915.2 \n610,758.4 \n290,072.8 \n87,143.0 \n594,397.7 \n38,345.5 \n523,913.8 \n141,404.6 \n3,077,542.7 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n98,671.0 \n49,093.8 \n152,390.8 \n350,269.2 \n166,578.5 \n545,118.2 \n311,310.8 \n105,766.9 \n638,341.8 \n39,837.1 \n533,691.3 \n99,053.9 \n3,090,123.4 \n19 \n TABLE 2.5 : SECTORAL ANALYSIS OF MERCHANT BANKS DEPOSITS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Thousands \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAGRICUL-\nTURE \nCOMMUNICA-\nTIONS \nCONSTRUC-\nTION \nDISTRIBU-\nTION \nFINANCIAL \n& \nFINANCIAL MANUFACTUR-\nING \nMINING \nSERVICES \nTRANSPORT \nINDIVIDUALS \nCONGLOMER-\nATES \nTOTAL \nEND OF \n \n \n \n \nINVEST-\nMENTS \nORGANISA-\nTIONS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,744.1 \n8,250.4 \n7.1 \n3,238.1 \n129,742.5 \n80,306.4 \n17,664.5 \n9,146.5 \n158,059.3 \n1,650.5 \n113,108.8 \n3,038.0 \n535,956.3 \nFEBRUARY \n14,684.8 \n5,815.5 \n6.8 \n23,523.2 \n131,181.2 \n95,143.4 \n21,911.4 \n22,184.5 \n131,968.5 \n1,350.6 \n149,680.8 \n3,038.0 \n600,488.7 \n MARCH \n 46,519.8 \n 5,039.7 \n1,662.6 \n4,119.3 \n127,903.5 \n 91,695.5 \n 17,886.8 \n 39,142.1 \n143,818.6 \n 4,669.7 \n 83,525.1 \n28,564.2 \n594,546.8 \nAPRIL \n24,233.2 \n8,046.5 \n1,868.8 \n27,036.4 \n121,160.1 \n109,064.2 \n36,456.3 \n30,240.9 \n151,505.2 \n4,892.5 \n75,547.7 \n29,200.4 \n619,252.1 \nMAY \n10,329.7 \n6,452.6 \n1,765.0 \n12,678.2 \n115,998.5 \n103,213.2 \n35,266.7 \n25,989.8 \n183,915.3 \n6,141.2 \n63,313.3 \n39,110.5 \n604,173.9 \nJUNE \n10,271.8 \n7,330.0 \n1,698.4 \n9,186.1 \n134,312.0 \n129,103.5 \n26,823.0 \n22,693.9 \n173,514.3 \n4,286.6 \n62,007.9 \n30,818.9 \n612,046.3 \nJULY \n4,473.9 \n5,298.2 \n270.1 \n27,217.9 \n132,809.8 \n98,744.9 \n30,365.9 \n21,415.7 \n217,331.4 \n2,077.4 \n57,143.0 \n33,601.7 \n630,749.9 \nAUGUST \n6,744.1 \n6,765.6 \n288.6 \n26,394.2 \n123,569.3 \n83,662.1 \n33,578.1 \n18,015.7 \n222,325.8 \n2,979.2 \n92,733.9 \n33,058.9 \n650,115.6 \nSEPTEMBER \n16,997.7 \n8,628.2 \n300.8 \n27,315.7 \n124,411.1 \n85,232.7 \n50,279.5 \n27,896.5 \n208,113.3 \n2,000.9 \n85,429.2 \n34,840.8 \n671,446.4 \nOCTOBER \n4,473.9 \n5,298.2 \n270.1 \n3,119.1 \n124,342.3 \n115,774.8 \n30,524.5 \n21,415.7 \n191,204.2 \n2,077.4 \n153,329.1 \n32,049.8 \n683,879.0 \nNOVEMBER \n12,872.8 \n10,868.0 \n13,414.5 \n1,649.6 \n174,107.7 \n60,405.7 \n18,484.7 \n35,828.3 \n188,441.9 \n4,251.7 \n203,879.7 \n27,745.0 \n751,949.6 \nDECEMBER \n12,164.3 \n5,900.3 \n14,197.9 \n3,080.8 \n173,009.4 \n60,501.2 \n17,631.4 \n137,537.4 \n198,977.5 \n2,664.8 \n79,504.3 \n32,534.7 \n737,703.9 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n11,723.2 \n6,581.0 \n10,921.0 \n751.4 \n180,889.6 \n64,042.8 \n16,845.3 \n28,513.2 \n215,563.4 \n2,547.7 \n113,832.1 \n34,578.4 \n686,789.2 \nFEBRUARY \n10,020.1 \n7,034.4 \n11,383.1 \n1,419.4 \n196,108.5 \n51,751.6 \n16,973.1 \n28,365.1 \n187,610.2 \n6,432.7 \n70,211.6 \n34,798.8 \n622,108.3 \n MARCH \n58,914.7 \n8,588.1 \n7,605.8 \n1,590.7 \n142,308.7 \n90,728.3 \n28,015.0 \n25,273.9 \n185,705.5 \n1,965.0 \n164,230.8 \n29,295.2 \n744,221.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n31,659.0 \n5,702.7 \n18,835.7 \n1,538.1 \n177,040.5 \n97,838.1 \n22,611.8 \n28,606.2 \n187,727.7 \n3,883.5 \n139,589.7 \n31,245.5 \n746,278.5 \n20 \nTABLE 3.1: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS BUT EXCLUDING PENALTIES) \n \n \n \n \n \n \n \n \n \n \n \n \nEnd Period \n2001 \n2002 \n2003 \n2004 \n2005 \n2006 \n2007 \n2008 \n2009 \n2010 \n2011 \n(US$ millions) \n \n \n \n \n \n \n \n \n \n \n \nLong-Term External Debt \n3,255 \n3,327 \n3,644 \n3,927 \n3,805 \n3,965 \n4,032 \n4,464 \n4951 \n5175 \n6,101 \n \n \n \n \n \n \n \n \n \n \n \n \nGovernment \n2,328 \n2,376 \n2,617 \n2,844 \n2,895 \n3,024 \n3,054 \n3,464 \n4037 \n4095 \n4,315 \nBilateral Creditors \n1,115 \n1,107 \n1,255 \n1,455 \n1,438 \n1,520 \n1,520 \n1,863 \n2308 \n2325 \n2,481 \nMultilateral Creditors \n1,213 \n1,269 \n1,362 \n1,389 \n1,457 \n1,504 \n1,524 \n1,592 \n1729 \n1770 \n1,834 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n10 \n10 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nPublic Enterprises \n568 \n616 \n698 \n714 \n709 \n766 \n790 \n825 \n857 \n938 \n1,139 \nBilateral Creditors \n315 \n351 \n403 \n442 \n439 \n464 \n474 \n497 \n453 \n238 \n672 \nMultilateral Creditors \n253 \n265 \n295 \n272 \n270 \n302 \n316 \n327 \n403 \n700 \n467 \nPrivate Creditors \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n0 \n \n \n \n \n \n \n \n \n \n \n \n \nMonetary Authorities \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \nMultilateral Creditors - IMF \n292 \n279 \n288 \n291 \n144 \n130 \n137 \n140 \n140 \n138 \n127 \n \n \n \n \n \n \n \n \n \n \n \n \nPrivate \n67 \n56 \n41 \n78 \n57 \n45 \n51 \n35 \n57 \n142 \n647 \n \n \n \n \n \n \n \n \n \n \n \n \nShort-Term External Debt \n167 \n183 \n169 \n144 \n173 \n281 \n387 \n226 \n1198 \n1382 \n932 \nSupplier's Credits \n13 \n26 \n51 \n69 \n107 \n122 \n178 \n41 \n193 \n286 \n34 \nReserve Bank \n \n \n \n \n \n \n \n \n642 \n642 \n642 \nPrivate \n154 \n157 \n118 \n75 \n66 \n159 \n209 \n185 \n363 \n454 \n256 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nTotal External Debt/1 \n3,422 \n3,510 \n3,812 \n4,071 \n3,978 \n4,246 \n4,607 \n4,690 \n6289 \n6695 \n7,160 \n \n \n \n \n \n \n \n \n \n \n \n \nGross Domestic Product \n10,887 \n6,715 \n5,037 \n4,299 \n2,918 \n6,645 \n4,000 \n3,175 \n6133 \n7433 \n8,865 \nExternal Debt / GDP \n31.4% \n52.3% \n75.7% \n94.7% \n136.3% \n63.9% \n110.5% \n147.7% \n102.5% \n90.1% \n80.8% \n/1 Total external debt excludes penalties \n \n \n \n \n \n \n \n \n \n \n \nSOURCE: Ministry of Finance and \n \n \n \n \n \n \n \n \n \n \n \n21 \nTABLE 4.1 LENDING RATES (percent per annum)1 \n \nCommercial Banks \nMerchant Banks \n \n \n \n \nWeighted Average Lending \nRates3 \n \nWeighted Average Lending \nRates3 \n \n \nEnd Period \nNominal \nLending \nRates2 \nIndividuals \nCorporate \nNominal \nLending \nRates2 \nIndividuals \nCorporate \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \nMar \n8.00-30.00 \n16.04 \n12.53 \n14.00-35.00 \n18.17 \n13.26 \n \n \nApr \n8.00-30.00 \n15.00 \n13.06 \n13.00-25.00 \n18.37 \n16.36 \n \n \nMay \n6.00-30.00 \n14.98 \n11.86 \n15.00-30.00 \n15.78 \n14.47 \n \n \nJun \n6.00-35.00 \n13.81 \n11.58 \n15.00-30.00 \n17.86 \n14.05 \n \n \nJul \n6.00-35.00 \n14.32 \n10.88 \n15.00-30.00 \n17.92 \n13.93 \n \n \nAug \n6.00-35.00 \n15.65 \n10.74 \n15.00-30.00 \n17.94 \n13.95 \n \n \nSep \n6.00-35.00 \n13.25 \n11.14 \n15.00-30.00 \n17.98 \n13.92 \n \n \nOct \n6.00-35.00 \n13.35 \n11.03 \n13.00-30.00 \n17.98 \n13.95 \n \n \nNov \n6.00-35.00 \n15.25 \n10.88 \n13.00-25.00 \n17.91 \n14.42 \n \n \nFeb \n10.00-35.00 \n14.83 \n10.53 \n13.00-25.00 \n17.93 \n14.36 \n \n \n \n \n \n \n \n \n \n \n \nNotes \n \n \n \n \n \n \n \n \n1. Table revised, to separate weighted lending rates for individuals and corporate bodies. \n \n2. Nominal Lending Rates depict the range of rates quoted by banks. \n \n \n \n \n3. Lending rates exclude rates on staff loans. \nDec \n10.00-35.00 \n15.08 \n10.40 \n15.00-25.00 \n17.93 \n14.43 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \nJan \n10.00-35.00 \n15.58 \n10.81 \n13.00-25.00 \n17.96 \n14.42 \n \n \nApr \n3.00-35.00 \n14.58 \n9.66 \n14.00-25.00 \n17.77 \n14.35 \n \n \nMar \n6.00-35.00 \n14.32 \n10.19 \n14.00-25.00 \n17.80 \n14.35 \n \n \n22 \nTABLE 4.2 : BANKS DEPOSIT RATES (percent per annum)1 \n \n \n \n \n \n \n \n \n \nCOMMERCIAL BANKS \nACCEPTING HOUSES \n \n \n \n \n \n \n \n \nEND OF \nSAVINGS \n3 MONTHS \n3 MONTHS \n \n \n \n \n \n \n \n \n 2011 \n \n \n \nJANUARY \n0.05-2.00 \n0.50-18.00 \n10.00-17.00 \nFEBRUARY \n0.05-2.00 \n0.50-18.00 \n10.00-17.00 \nMARCH \n0.05-2.00 \n0.50-16.00 \n10.00-17.00 \nAPRIL \n0.35-6.00 \n0.15-17.00 \n10.00-17.00 \nMAY \n0.30-5.00 \n0.15-17.00 \n10.00-17.00 \nJUNE \n0.15-5.00 \n0.15-17.00 \n10.00-17.00 \nJULY \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nAUGUST \n0.15-5.00 \n0.10-17.00 \n11.00-17.00 \nSEPTEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nOCTOBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nNOVEMBER \n0.15-5.00 \n0.10-17.00 \n10.00-17.00 \nDECEMBER \n0.15-5.00 \n0.10-18.00 \n10.00-17.00 \n \n \n \n \n20122 \n \n \n \nJANUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nFEBRUARY \n0.15-5.00 \n5.00-18.00 \n10.00-17.00 \nMARCH \n0.01-12.00 \n5.00-20.00 \n7.00-17.00 \nAPRIL \n0.00-12.00 \n5.00-20.00 \n8.00-17.00 \nMAY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJUNE \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nJULY \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nAUGUST \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nSEPTEMBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nOCTOBER \n0.00-12.00 \n5.00-20.00 \n6.00-17.00 \nNOVEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nDECEMBER \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \n \n \n \n \n2013 \n \n \n \nJANUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nFEBRUARY \n0.15-8.00 \n4.00-20.00 \n6.00-17.00 \nMARCH \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \n \n \n \n \n \n \n \n \n1. \nThe range of rates qouted by banks during the period. \n2. \nThree (3) months deposit rates revised to exclude rates on inactive or dormant \naccounts. \n \n \nAPRIL \n0.15-8.00 \n4.00-20.00 \n8.00-12.00 \n23 \nTABLE 5.1 : MONTHLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n( DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLA-\nTION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTH-\nING \nHSING, \nWATER, \nFURNITURE \nHEALTH TRANSPORT \nCOMMUNI-\nCATION \nRECREATION & EDUCATION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOT-\nWEAR \nELEC-\nTRICTY, \nGAS \nAND \n \n \n \nCULTURE \n \nHOTELS \nGOODS & \nFOOD \nNON \nALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIPMENT \n \n \n \n \n \nSERVICES \n \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n-0.54 \n0.00 \n0.00 \n0.00 \n0.01 \n0.00 \n0.00 \n0.01 \n0.00 \n0.01 \n-0.52 \n-0.06 \n0.32 \n0.07 \nFEBRUARY \n 2.75 \n0.37 \n0.41 \n0.20 \n1.51 \n1.65 \n-0.17 \n-0.08 \n0.08 \n0.77 \n1.11 \n0.72 \n1.40 \n0.95 \nMARCH \n0.47 \n0.04 \n0.03 \n0.36 \n0.06 \n0.49 \n-0.20 \n0.13 \n0.00 \n-1.11 \n0.08 \n0.15 \n0.32 \n0.21 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n0.19 \n-0.10 \n1.68 \n0.00 \n0.27 \n0.00 \n-13.15 \n0.00 \n4.01 \n0.20 \n-0.30 \n0.11 \n-0.49 \n-0.03 \n24 \nTABLE 5.2 : YEARLY INFLATION -- PERCENTAGE CHANGE IN CONSUMER PRICE INDEX \\1 \n(DECEMBER 2012 = 100) \n1. Source: ZIMSTATS. To reflect changing expenditure \npatterns, ZIMSTAT introduced a revised CPI basket and \nrebased CPI figures to December 2012=100. \n \nNON-FOOD INFLATION \nFOOD \nINFLATION \nALL \n \nALCO-\nHOLIC \nBEVER-\nAGES \nCLOTHING \nHSING, \nWATER, \nFURNI-\nTURE \nHEALTH \nTRANSPORT \nCOMMU-\nNICATION \nRECREA-\nTION & \nEDUCA-\nTION \nRESTAU-\nRANTS & \nMISC. \nTOTAL \nNON \nFOOD & \nITEMS \n \n& TO-\nBACCO \nFOOTWEAR \nELEC-\nTRICTY, GAS \nAND \n \n \n \nCULTURE \nHOTELS \nGOODS & \nFOOD \nNON ALCO-\nHOLIC \nBEVER-\nAGES \n \n \n \n \n& OTHER \nEQUIP-\nMENT \n \n \n \n \n \n \nSERVICES \n \n \n \n \n \nFUELS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nWEIGHTS \n4.38 \n6.05 \n17.74 \n9.91 \n2.16 \n9.76 \n3.41 \n2.1 \n5.67 \n1.38 \n3.91 \n66.47 \n33.53 \n100 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n3.83 \n-0.74 \n10.70 \n0.65 \n1.94 \n6.42 \n-0.36 \n1.92 \n12.96 \n1.92 \n1.32 \n1.91 \n3.72 \n2.51 \nFEBRUARY \n5.77 \n-0.74 \n7.11 \n0.64 \n3.23 \n8.31 \n-0.01 \n-0.19 \n13.05 \n 3.01 \n 1.95 \n2.91 \n4.67 \n2.98 \nMARCH \n6.24 \n-0.80 \n5.48 \n0.70 \n3.28 \n8.73 \n-0.05 \n-0.19 \n8.37 \n1.71 \n1.64 \n2.04 \n4.18 \n2.76 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nAPRIL \n3.57 \n5.86 \n-0.40 \n4.40 \n0.90 \n3.77 \n7.70 \n-13.33 \n-1.28 \n12.54 \n1.63 \n1.21 \n1.94 \n2.53 \n25 \n TABLE 6 : SELECTED INTERNATIONAL EXCHANGE RATES \n \n \n \n \n \n \n \n \n \n \n \n \n \nSA \nBW \nJAPANESE \nEUROPEAN \nPOUND \nEND OF \nRAND/1 \nPULA/1 \nYEN/1 \nCURRENCY/2 \nSTERLING/2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJANUARY \n7.82 \n7.32 \n76.20 \n1.32 \n1.60 \nFEBRUARY \n7.47 \n7.13 \n80.28 \n1.35 \n1.60 \nMARCH \n7.59 \n7.29 \n81.92 \n1.33 \n1.59 \nAPRIL \n7.82 \n7.41 \n80.78 \n1.32 \n1.61 \nMAY \n8.14 \n7.63 \n79.80 \n1.28 \n1.59 \nJUNE \n8.38 \n7.77 \n79.42 \n1.25 \n1.56 \nJULY \n8.18 \n7.74 \n78.23 \n1.23 \n1.57 \nAUGUST \n8.45 \n7.80 \n78.47 \n1.25 \n1.58 \nSEPTEMBER \n8.23 \n7.65 \n77.50 \n1.29 \n1.63 \nOCTOBER \n8.64 \n7.88 \n79.78 \n1.30 \n1.61 \nNOVEMBER \n8.78 \n7.95 \n80.94 \n1.30 \n1.60 \nDECEMBER \n8.48 \n7.88 \n86.06 \n1.32 \n1.62 \n \n \n \n \n \n \nJANUARY \n9.03 \n8.05 \n90.90 \n1.36 \n1.58 \nFEBRUARY \n8.84 \n8.04 \n92.36 \n1.31 \n1.52 \n \n \n \n \n \n \n \n \n \n \n \n \n1. Foreign currency per US Dollar. \n \n \n \n \n2. US Dollar per unit of foreign currency. \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nMARCH \n9.26 \n8.30 \n94.13 \n1.28 \n1.51 \nAPRIL \n8.98 \n8.10 \n97.76 \n1.31 \n1.55 \n26 \nTABLE 7.1: COMMERCIAL BANKS - ASSETS \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \nSecurities \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \n \nTotal \nOther Balances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances \nBalances \nBalances \n \n \n \n Liquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury Agric PEs \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n255.1 \n258.7 \n91.1 \n382.3 \n109.8 \n0.0 \n0.0 \n1,097.0 \n120.3 \n1,988.3 \n262.6 \n135.2 \n316.4 \n3,919.8 \nFeb \n242.8 \n335.2 \n90.0 \n489.4 \n121.3 \n0.0 \n0.0 \n1,278.7 \n102.7 \n1,978.3 \n265.7 \n138.9 \n329.6 \n4,093.8 \n Mar \n285.0 \n444.6 \n103.2 \n217.6 \n140.4 \n0.0 \n0.0 \n1,191.3 \n34.7 \n2,040.5 \n337.0 \n152.8 \n339.6 \n4,095.9 \n Apr \n306.5 \n459.1 \n128.5 \n197.4 \n217.0 \n0.0 \n0.0 \n1,308.5 \n32.8 \n2,068.4 \n348.9 \n180.2 \n342.0 \n4,280.7 \n May \n316.3 \n441.8 \n113.2 \n210.5 \n225.8 \n0.0 \n0.0 \n1,307.6 \n32.2 \n2,156.2 \n388.5 \n182.5 \n384.1 \n4,451.3 \nJun \n297.2 \n413.2 \n98.2 \n245.8 \n232.6 \n0.0 \n0.0 \n1,287.1 \n32.4 \n2,140.6 \n369.7 \n228.5 \n386.3 \n4,444.7 \n Jul \n329.9 \n403.3 \n108.9 \n211.0 \n205.1 \n0.0 \n0.0 \n1,258.2 \n25.0 \n2,359.7 \n370.0 \n242.7 \n393.3 \n4,648.8 \n Aug 331.2 \n363.1 \n97.7 \n165.3 \n211.6 \n0.0 \n0.0 \n1,168.8 \n24.9 \n2,404.0 \n385.9 \n221.3 \n390.1 \n4,594.9 \n Sep \n299.3 \n381.7 \n109.8 \n185.2 \n175.2 \n0.0 \n0.0 \n1,151.3 \n25.1 \n2,498.0 \n390.6 \n240.1 \n390.4 \n4,695.4 \nOct \n331.5 \n368.4 \n127.1 \n191.5 \n174.2 \n7.4 \n0.0 \n1,200.1 \n25.0 \n2,530.01 \n372.3 \n246.6 \n389.6 \n4,763.6 \nNov \n306.6 \n358.3 \n119.3 \n325.9 \n188.1 \n7.5 \n0.0 \n1306.0 \n25.5 \n2,591.9 \n348.3 \n234.4 \n394.1 \n4,900.0 \nDec \n375.9 \n374.7 \n131.1 \n219.7 \n190.8 \n8.2 \n0.0 \n1,300.4 \n27.7 \n2,631.6 \n375.3 \n255.7 \n389.0 \n4,980.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n323.4 \n378.5 \n103.4 \n182.3 \n247.8 \n0.0 \n0.0 \n1,235.5 \n52.2 \n2,694.9 \n386.1 \n205.7 \n386.7 \n4,961.1 \nFeb \n292.2 \n357.7 \n120.5 \n234.6 \n239.9 \n0.0 \n0.0 \n1,244.9 \n27.7 \n2,289.3 \n328.8 \n208.0 \n388.3 \n4,887.0 \nMar \n271.6 \n345.7 \n196.1 \n198.9 \n265.3 \n0.0 \n0.0 \n1277.6 \n26.1 \n2715.8 \n367.2 \n228.8 \n388.0 \n5,003.5 \nApr \n263.8 \n383.6 \n201.1 \n272.9 \n289.9 \n75.3 \n5.2 \n1491.7 \n26.3 \n2595.8 \n341.3 \n207.0 \n382.1 \n5,044.19 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n27 \nTABLE 7.2: COMMERCIAL BANKS - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nOf which \n \n \n \n \n \n \n \n \nand \nLiabilities Liabilities Liabilities Liabilities \nto the \nEnd of \nDemand \nSavings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther Banks Reserves \n \n \n \nPublic \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1,830.5 \n740.1 \n170.2 \n2,740.8 \n143.6 \n0.0 \n47.3 \n426.6 \n262.6 \n298.9 \n3,919.8 \n2,740.8 \nFeb \n1,980.9 \n745.4 \n197.8 \n2,924.1 \n163.3 \n0.0 \n23.5 \n437.8 \n265.7 \n281.4 \n4,095.8 \n2,924.1 \n Mar \n1,944.7 \n699.6 \n322.7 \n2,967.0 \n149.2 \n0.0 \n25.4 \n437.5 \n337.0 \n262.4 \n4,178.6 \n2,967.0 \n Apr \n1,932,8 \n722.1 \n350.4 \n3,005.3 \n155.1 \n0.0 \n23.8 \n440.3 \n348.9 \n307.3 \n4,280.7 \n3,005.3 \n May \n1,886.1 \n802.5 \n462.2 \n3,150.9 \n175.3 \n0.0 \n23.2 \n483.6 \n388.5 \n229.7 \n4,451.3 \n3,150.9 \nJun \n1,889.3 \n899.4 \n391.7 \n3,180.4 \n170.9 \n0.0 \n21.5 \n503.9 \n369.7 \n198.2 \n4,444.7 \n3,180.4 \nJul \n1,957.8 \n873.6 \n500.6 \n3,331.9 \n172.8 \n0.0 \n22.7 \n539.0 \n370.0 \n212.4 \n4,648.8 \n3,331.9 \nAug \n1,919.2 \n930.2 \n374.3 \n3,223.6 \n172.2 \n0.0 \n22.1 \n562.5 \n385.9 \n228.5 \n4,594.9 \n3,223.6 \n Sep \n1,962.6 \n883.0 \n490.0 \n3,335.6 \n183.9 \n0.0 \n20.5 \n552.6 \n390.6 \n205.8 \n4,689.0 \n3,335.6 \n Oct \n1,997.7 \n1,011.7 \n413.6 \n3,422.9 \n168.1 \n0.0 \n20.5 \n562.9 \n372.3 \n216.7 \n4,763.6 \n3,422.9 \n Nov \n1,895.8 \n966.6 \n679.6 \n3,542.0 \n192.9 \n0.0 \n38.2 \n562.2 \n348.3 \n216.4 \n4,900.0 \n3,542.0 \n Dec \n2,090.5 \n922.3 \n507.5 \n3,520.4 \n212.5 \n0.0 \n30.8 \n618.5 \n375.3 \n222.5 \n4,980.0 \n3,520.4 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n2,032.2 \n866.1 \n552.4 \n3,450.7 \n266.1 \n0.0 \n27.8 \n623.9 \n386.1 \n206.5 \n4,961.1 \n3,450.7 \nFeb \n1,987.8 \n933.3 \n491.5 \n3,412.5 \n258.1 \n0.0 \n32.4 \n631.9 \n328.8 \n223.3 \n4,887.0 \n3,417.9 \nMar \n1,960.1 \n976.3 \n451.1 \n3,387.3 \n290.9 \n0.0 \n32.8 \n687.7 \n367.2 \n237.6 \n5,003.5 \n3,387.3 \nApr \n 2,074.5 \n 1,046.3 \n 379.5 \n 3,500.3 \n 247.6 \n0.0 \n 37.9 \n 667.2 \n 341.3 \n249.8 \n5,044.2 \n 3,500.3 \n \n \n \n \n \n \n \n \n \n \n \n \n \n28 \nTABLE 8.1 : ACCEPTING HOUSES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLoans & Contingent \nOther \nNon Financial \nTotal \nEnd of \nNotes \n \n \n \n \n \nTotal \nOther \nBalances Advances \nAssets \nAssets \nAssets \nAssets \n \n& \nBalances Balances Balances \n \n \nLiquid \nwith RBZ \n \n \n \n \n \n \nCoin \nwith \nwith Other \nat \nTrade \nTreasury \n Assets \n \n \n \n \n \n \n \nat Banks \nRBZ \nBanks \nForeign \nBanks \nBills \nBills \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nApr \n6.5 \n9.0 \n15.2 \n3.9 \n37.7 \n0.0 \n72.3 \n0.0 \n241.6 \n56.3 \n74.3 \n31.8 \n476.2 \n May \n3.0 \n7.6 \n18.5 \n1.8 \n20.0 \n0.0 \n51.0 \n0.0 \n259.5 \n54.9 \n77.4 \n31.4 \n474.3 \nJune \n3.6 \n6.6 \n23.9 \n1.0 \n9.9 \n0.0 \n44.9 \n0.0 \n277.8 \n49.6 \n84.2 \n22.7 \n479.3 \nJul \n1.4 \n2.2 \n25.2 \n0.9 \n8.2 \n0.0 \n37.9 \n0.0 \n237.5 \n37.5 \n75.7 \n14.8 \n403.5 \nAug \n0.8 \n0.6 \n31.8 \n0.4 \n5.5 \n0.0 \n39.2 \n0.0 \n223.3 \n36.7 \n59.5 \n22.7 \n381.4 \nSep \n0.9 \n3.7 \n27.8 \n5.5 \n3.1 \n0.0 \n40.9 \n0.0 \n228.0 \n36.8 \n56.1 \n22.1 \n383.9 \nOct \n2.8 \n0.4 \n28.4 \n1.6 \n3.3 \n0.4 \n36.9 \n0.0 \n208.9 \n37.1 \n53.5 \n22.4 \n358.7 \nNov \n1.7 \n0.5 \n30.2 \n1.2 \n3.3 \n0.4 \n37.3 \n0.0 \n235.9 \n37.1 \n53.6 \n22.4 \n386.3 \nDec \n2.2 \n1.0 \n26.1 \n1.4 \n3.3 \n0.4 \n34.4 \n0.0 \n239.2 \n37.2 \n69.1 \n22.3 \n402.3 \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJan \n1.5 \n2.7 \n28.6 \n0.0 \n3.4 \n0.0 \n36.2 \n0.0 \n236.7 \n34.8 \n60.2 \n29.1 \n397.0 \nFeb \n4.7 \n1.5 \n18.4 \n0.0 \n4.5 \n0.0 \n26.9 \n0.0 \n245.7 \n34.8 \n63.9 \n28.9 \n398.2 \nMar \n2.5 \n1.1 \n7.3 \n-3.1 \n1.2 \n0.0 \n8.9 \n0.0 \n260.3 \n34.2 \n50.4 \n28.8 \n382.6 \nApr \n2.7 \n1.3 \n20.1 \n-1.9 \n1.2 \n0.0 \n23.4 \n0.0 \n254.9 \n34.2 \n51.7 \n27.7 \n392.0 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n29 \nTABLE 8.2 : ACCEPTING HOUSES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \n \nDeposits \n \n \n \nAmounts Owing to \nCapital \nContingent \nOther \nTotal \nLiabilities to the \n \n \n \n \n \n \n \n \nand \nLiabilities \nLiabilities \nLiabilities \nPublic \nEnd of Demand Savings and \nShort-term \nLong-term \nTotal \nForeign \nLiabilities \nRBZ \nOther \nBanks \nReserves \n \n \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n137.8 \n73.5 \n37.4 \n248.7 \n44.5 \n0.0 \n0.0 \n18.1 \n66.3 \n66.2 \n443.8 \n248.7 \n Feb \n134.2 \n78.8 \n44.4 \n257.4 \n34.4 \n0.0 \n0.0 \n50.8 \n73.4 \n58.9 \n474.9 \n257.4 \n Mar \n70.9 \n129.8 \n48.5 \n249.1 \n46.1 \n0.0 \n0.0 \n55.7 \n64.9 \n63.6 \n479.4 \n249.1 \n Apr \n89.9 \n117.5 \n42.8 \n250.3 \n44.8 \n0.0 \n0.0 \n55.6 \n56.3 \n69.4 \n476.2 \n250.3 \n May \n85.5 \n100.9 \n68.1 \n254.6 \n44.8 \n0.0 \n0.0 \n-48.7 \n54.9 \n168.7 \n474.3 \n254.6 \n Jun \n136.9 \n91.2 \n33.7 \n261.8 \n44.6 \n0.0 \n1.7 \n-22.4 \n49.6 \n144.0 \n479.3 \n261.8 \n Jul \n110.8 \n36.4 \n69.2 \n216.4 \n43.6 \n0.0 \n1.0 \n-33.1 \n37.5 \n138.1 \n403.5 \n216.4 \n Aug \n107.0 \n42.6 \n64.5 \n214.1 \n43.1 \n0.0 \n1.0 \n-96.8 \n36.7 \n183.3 \n381.4 \n214.1 \n Sep \n102.5 \n60.4 \n56.4 \n219.3 \n42.8 \n0.0 \n2.7 \n-47.9 \n36.8 \n130.2 \n383.9 \n219.3 \n Oct \n122.8 \n35.9 \n60.6 \n219.3 \n39.8 \n0.0 \n2.7 \n-51..1 \n37.1 \n110.9 \n358.7 \n219.3 \n Nov \n105.3 \n69.3 \n46.4 \n221.0 \n39.9 \n0.0 \n2.7 \n-69.7 \n37.1 \n155.2 \n386.3 \n221.0 \n Dec \n108.1 \n67.9 \n44.2 \n220.2 \n44.5 \n0.0 \n2.7 \n-60.9 \n37.2 \n158.5 \n402.3 \n220.2 \n Feb \n102.8 \n66.0 \n55.7 \n224.5 \n45.3 \n0.0 \n2.7 \n-77.8 \n34.8 \n168.7 \n398.2 \n224.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n Jan \n106.9 \n91.7 \n21.3 \n220.0 \n44.8 \n0.0 \n2.7 \n-72.4 \n34.8 \n167.2 \n397.0 \n220.0 \n Mar \n104.3 \n62.3 \n52.8 \n219.5 \n45.8 \n0.0 \n1.2 \n-97.3 \n34.2 \n179.3 \n382.6 \n219.5 \n \n \n \n \n \n \n \n \n \n \n \n \n \n Apr \n 107.3 64.6 \n56.3 \n 228.3 \n 45.4 \n0.0 \n 1.2 \n -98.1 34.23 \n 181.1 \n 392.0 228.3 \n30 \nTABLE 9.1 : BUILDING SOCIETIES - ASSETS \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nLiquid Assets \n \n \n \n \n \n \n \nNotes \nBalances \nTrade \nTreasury \nTotal \nMortgage \nOther \nOther \nNon Finan-\ncial \nTotal \nEnd of \n& \nwith Other \nBills \nBills \nLiquid \nAdvances \nAdvances \nAssets \nAssets \n Assets \n \nCoin \nBanks \n \n \n Assets \n \n \n \n \n \n \nat Banks \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.1 \n80.8 \n0.0 \n0.0 \n100.9 \n207.2 \n80.6 \n17.6 \n112.2 \n518.5 \n Feb \n13.3 \n99.2 \n0.0 \n0.0 \n112.6 \n226.5 \n81.0 \n19.3 \n112.5 \n551.8 \n Mar \n15.8 \n109.0 \n0.0 \n0.0 \n124.7 \n221.5 \n83.1 \n19.7 \n112.7 \n561.6 \n Apr \n18.2 \n99.7 \n0.2 \n0.0 \n118.0 \n215.5 \n85.5 \n23.7 \n111.3 \n554.0 \n May \n19.6 \n93.7 \n0.2 \n0.0 \n113.4 \n219.7 \n93.3 \n24.5 \n113.0 \n564.0 \n Jun \n15.7 \n102.2 \n0.2 \n0.0 \n118.1 \n239.5 \n96.5 \n25.6 \n114.6 \n594.3 \n Jul \n19.6 \n108.6 \n0.0 \n0.0 \n128.2 \n242.3 \n101.3 \n26.2 \n116.2 \n614.3 \n Aug \n18.7 \n113.1 \n0.0 \n0.0 \n131.8 \n248.8 \n104.7 \n27.5 \n118.2 \n630.9 \n Sep \n18.6 \n131.9 \n0.0 \n0.0 \n150.5 \n248.8 \n105.6 \n29.2 \n118.9 \n653.0 \n Oct \n20.1 \n123.0 \n0.0 \n1.0 \n144.0 \n266.6 \n116.7 \n28.9 \n118.9 \n675.1 \n Nov \n22.5 \n125.0 \n0.0 \n1.0 \n148.6 \n277.2 \n117.8 \n33.4 \n117.4 \n694.3 \n Dec \n29.2 \n133.2 \n0.0 \n1.0 \n163.4 \n278.1 \n118.3 \n30.2 \n126.9 \n716.9 \n Feb \n20.2 \n164.3 \n0.0 \n0.0 \n84.5 \n291.8 \n117.9 \n35.3 \n121.4 \n734.2 \n \n \n \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n Jan \n20.4 \n125.5 \n0.2 \n0.0 \n146.1 \n283.2 \n118.5 \n36.1 \n121.4 \n705.3 \n Mar \n18.8 \n129.1 \n0.2 \n20.0 \n168.1 \n291.4 \n116.9 \n39.5 \n121.4 \n737.3 \n \n \n \n \n \n \n \n \n \n \n \n Apr \n16.9 \n159.8 \n0.2 \n20.2 \n197.2 \n294.8 \n115.5 \n39.5 \n122.1 \n769.1 \n31 \nTABLE 9.2 : BUILDING SOCIETIES - LIABILITIES \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nOf which \n \nDeposits \nCapital \nOther \nTotal \nLiabilities to the \n \n \n \n \nand \nLiabilities \n Liabilities \nPublic \nEnd of \nSavings and \nShort-term \nLong-term \nTotal \nReserves \n \n \n \n \n \n \n Deposits \n \n \n \n \n \n \n \n \n \n \n \n \n2011 \n \n \n \n \n \n \n \n Jan \n72.6 \n70.1 \n142.8 \n105.8 \n34.6 \n283.1 \n142.8 \n Feb \n78.8 \n76.2 \n155.0 \n107.6 \n36.1 \n298.7 \n155.0 \n Mar \n87.0 \n83.0 \n170.1 \n108.6 \n11.8 \n318.7 \n170.1 \n Apr \n90.1 \n85.0 \n175.1 \n110.6 \n16.4 \n332.1 \n175.1 \n May \n95.5 \n102.5 \n197.9 \n112.7 \n21.6 \n364.9 \n197.9 \n Jun \n124.6 \n77.4 \n202.0 \n116.7 \n50.6 \n369.4 \n202.0 \n Jul \n146.7 \n68.1 \n214.8 \n119.0 \n70.0 \n403.9 \n214.8 \n Aug \n149.9 \n80.6 \n230.6 \n122.0 \n67.7 \n420.3 \n230.6 \n Sep \n149.4 \n93.2 \n242.6 \n123.1 \n77.5 \n443.3 \n242.6 \n Oct \n154.3 \n93.0 \n247.3 \n125.8 \n13.7 \n453.8 \n247.3 \n Nov \n158.3 \n123.9 \n282.4 \n129.0 \n89.2 \n500.6 \n282.4 \n Dec \n186.4 \n100.7 \n287.0 \n121.3 \n96.7 \n505.1 \n287.0 \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n Jan \n201.3 \n94.2 \n295.5 \n127.3 \n95.7 \n518.5 \n295.5 \n Feb \n209.9 \n115.3 \n325.2 \n129.9 \n96.7 \n551.8 \n325.2 \n Mar \n182.1 \n152.2 \n334.3 \n129.6 \n76.7 \n540.7 \n334.3 \n Apr \n205.3 \n126.2 \n331.5 \n131.9 \n90.5 \n554.0 \n331.5 \n May \n242.1 \n93.4 \n335.5 \n136.3 \n70.4 \n564.0 \n335.5 \n Jun \n260.1 \n109.7 \n369.7 \n141.8 \n82.7 \n594.3 \n369.7 \n Jul \n233.2 \n156.1 \n389.3 \n145.7 \n79.3 \n614.3 \n389.3 \n Aug \n231.0 \n170.1 \n401.2 \n150.0 \n79..8 \n630.9 \n401.2 \n Sep \n247.3 \n172.8 \n420.0 \n153.1 \n80.0 \n653.0 \n420.0 \n Oct \n263.2 \n165.4 \n428.6 \n159.8 \n27.5 \n675.1 \n428.6 \n Nov \n246.8 \n179.5 \n426.3 \n165.5 \n28.2 \n694.3 \n426.3 \n Dec \n255.8 \n184.6 \n440.3 \n177.8 \n28.1 \n716.9 \n440.3 \n \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n Jan \n230.0 \n192.8 \n422.8 \n180.3 \n102.3 \n705.3 \n422.8 \n Feb \n255.7 \n194.2 \n449.9 \n183.7 \n100.6 \n734.2 \n449.9 \n Mar \n250.6 \n203.9 \n454.5 \n187.2 \n95.7 \n737.3 \n454.5 \n Apr \n252.9 \n226.6 \n479.5 \n190.6 \n22.3 \n769.3 \n479.5 \n \n \n \n \n \n \n \n \n32 \nTable 10: ZIMBABWE STOCK MARKET STATISTICS \n \n \n \n \n \nIndices \nUS$ Millions \n \nIndustrial \nMining \nMarket Capitalisation \n \n \n \n \n2012 \n \n \n \n \n \n \n \nJan \n138.52 \n79.09 \n3,422.20 \nFeb \n146.03 \n95.39 \n3,696.60 \nMar \n136.76 \n85.01 \n3,458.10 \nApr \n129.55 \n97.15 \n3,303.40 \nMay \n132.03 \n83.73 \n3,351.20 \nJun \n131.96 \n75.70 \n3,341.46 \nJul \n132.92 \n112.12 \n3,445.93 \nAug \n132.27 \n89.04 \n3,434.00 \nSep \n146.00 \n96.00 \n3,822.80 \nOct \n154.47 \n93.66 \n4,033,76 \nNov \n150.16 \n68.74 \n3,890.9 \nDec \n152.40 \n65.12 \n3,963.50 \n \n \n \n \n2013 \n \n \n \n \n \n \n \nJan \n179.34 \n84.07 \n4,700.33 \nFeb \n182.3 \n72.01 \n4,748.24 \nMar \n183.88 \n66.21 \n4,726.34 \n \n \n \n \n \n \n \n \nSource: Zimbabwe Stock Exchange (ZSE) \n \nApr \n 189.66 \n 71.98 \n 4,894.68 \n33 \nTABLE 11 : SAVINGS /1 WITH FINANCIAL INSTITUTIONS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial \nMerchant \n \nBuilding \n \nEnd of \nBanks \nBanks \nOther/2 \nSocieties \nTOTAL \n \n \n \n \n \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n910.3 \n110.9 \n52.3 \n295.5 \n1,369.0 \nFebruary \n943.2 \n123.2 \n57.0 \n325.2 \n1,448.6 \nMarch \n1,022.3 \n178.3 \n56.0 \n334.3 \n1,590.9 \nApril \n1,072.5 \n160.3 \n54.2 \n331.5 \n1,618.5 \nMay \n1,264.8 \n169.0 \n55.4 \n335.5 \n1,824.7 \nJune \n1,291.1 \n124.9 \n58.3 \n369.7 \n1,844.0 \nJuly \n1,374.2 \n105.6 \n61.4 \n389.3 \n1,930.5 \nAugust \n1,304.5 \n107.1 \n59.3 \n401.2 \n1,872.1 \nSeptember \n1,373.0 \n116.8 \n60.1 \n420.0 \n1,969.9 \nOctober \n1,425.3 \n96.4 \n61.8 \n428.6 \n2,012.1 \nNovember \n1,646.2 \n115.7 \n67.2 \n426.3 \n2,255.4 \nDecember \n1,429.8 \n112.1 \n63.9 \n440.3 \n2,046.1 \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,418.5 \n113.0 \n64.3 \n422.8 \n2,018.6 \nFebruary \n1,424.8 \n121.7 \n64.7 \n449.9 \n2,061.1 \nMarch \n1,427.3 \n115.2 \n66.7 \n454.5 \n2,063.6 \n \n \n \n \n \n \n \n \n \n \n \n \n1/ Comprises all deposits other than demand deposits. \n2/ Includes People’s Own Savings Bank (POSB). \n \n \nApril \n1,425.8 \n121.0 \n63.9 \n479.5 \n2,090.1 \n34 \nTABLE 12 : ANALYSIS OF LIQUID ASSETS OF MONETARY BANKS \n \n \n \n \n \n \n \nUS$ Millions \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nCommercial Banks \nAccepting Houses \n \n \n \n \n \n \n \n \nLiquid \nPrescribed \nExcess \nLiquid \nPrescribed \nExcess \n \nassets \nliquid \nliquid \nassets \nliquid \nLiquid \nEnd of \nheld \nassets/1 \nassets \nheld \nassets/1 \nassets \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n2011 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n961.5 \n417.2 \n544.3 \n111.4 \n50.4 \n61.0 \nFebruary \n994.1 \n436.3 \n557.8 \n68.9 \n49.8 \n19.1 \nMarch \n1,053.0 \n455.5 \n597.5 \n70.1 \n53.1 \n16.9 \nApril \n954.9 \n453.4 \n501.5 \n61.9 \n52.7 \n9.2 \nMay \n999.8 \n477.6 \n522.2 \n44.4 \n51.0 \n-6.7 \nJune \n1,145.9 \n505.5 \n640.4 \n41.6 \n53.6 \n-11.9 \nJuly \n1,018.3 \n506.7 \n511.6 \n64.5 \n50.3 \n14.2 \nAugust \n1,046.9 \n647.0 \n399.9 \n55.1 \n62.8 \n-7.7 \nSeptember \n1,031.8 \n656.8 \n375.0 \n65.8 \n65.9 \n-0.1 \nOctober \n1,014.8 \n665.6 \n349.2 \n134.7 \n105.7 \n28.9 \nNovember \n1,041.1 \n663.8 \n377.3 \n135.3 \n107.2 \n28.1 \nDecember \n1,075.7 \n671.9 \n403.8 \n196.1 \n115.7 \n80.4 \n \n \n \n \n \n \n \n2012 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,097.0 \n685.2 \n411.8 \n75.1 \n62.2 \n12.9 \nFebruary \n1,278.7 \n731.5 \n548.2 \n44.8 \n64.4 \n-19.6 \nMarch \n1,273.6 \n741.8 \n531.8 \n95.1 \n62.3 \n32.8 \nApril \n1,308.5 \n751.3 \n557.2 \n72.3 \n62.6 \n9.8 \nMay \n1,307.6 \n787.7 \n519.9 \n51.0 \n63.6 \n-12.6 \nJune \n1,287.5 \n795.1 \n492.4 \n44.9 \n65.4 \n-20.5 \nJuly \n1,258.2 \n833.0 \n425.2 \n37.9 \n54.1 \n-16.2 \nAug \n1,168.8 \n805.9 \n362.9 \n39.2 \n53.5 \n-14.4 \nSeptember \n1,151.3 \n833.9 \n317.4 \n40.9 \n54.8 \n-13.9 \nOctober \n1,200.1 \n855.7 \n344.4 \n36.9 \n54.8 \n-17.9 \nNovember \n1,306.0 \n885.5 \n420.5 \n37.3 \n55.2 \n-18.0 \nDecember \n1,300.4 \n880.1 \n420.3 \n34.4 \n55.1 \n-20.6 \n \n \n \n \n \n \n \n2013 \n \n \n \n \n \n \n \n \n \n \n \n \n \nJanuary \n1,235.5 \n862.7 \n372.8 \n36.2 \n55.0 \n-18.8 \nFebruary \n1,244.9 \n854.5 \n390.4 \n26.9 \n56.1 \n-29.2 \nMarch \n1,277.6 \n846.8 \n430.8 \n8.9 \n54.9 \n-46.0 \nApril \n1,491.7 \n875.1 \n616.6 \n23.4 \n57.1 \n-33.6 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n1/ With effect from 1 August 2010, the prescribed liquid asset ratio was reviewed from 10% to 20% of liabilities to the public. \n35 \nTABLE 13 : ZETSS, CHEQUES AND CARDS ACTIVITY. \nUS$ Millions \nMONTH \nZETSS VALUES \nCHEQUE VALUES \nCARD VALUES \nMOBILE & INTERNET \n \n \n \n \n \n2012 \n \n \n \n \nJan \n2,439.7 \n5.3 \n137.2 \n60.8 \nFeb \n2,920.1 \n6.1 \n137.1 \n77.2 \nMar \n3,242.8 \n6.8 \n156.4 \n104.1 \nApr \n2,948.5 \n5.5 \n160.5 \n68.6 \nMay \n3,237.4 \n5.0 \n189.6 \n82.0 \nJun \n3,407.3 \n6.5 \n177.7 \n93.5 \nJul \n3,321.0 \n6.7 \n169.1 \n135.6 \nAug \n3,417.3 \n6.1 \n218.4 \n98.3 \nSep \n3,043.2 \n5.6 \n235.5 \n149.2 \nOct \n3,630.7 \n6.6 \n232.9 \n196.9 \nNov \n3,526.0 \n5.9 \n240.8 \n197.3 \nDec \n3,584.7 \n5.0 \n308.9 \n220.3 \nAnnual Total \n38,718.7 \n71.1 \n2,364.1 \n1,483.8 \nFeb \n2,968.0 \n5.5 \n260.5 \n199.3 \n \n \n \n \n \n2013 \n \n \n \n \nJan \n3,563.8 \n5.2 \n254.4 \n205.2 \nMar \n3,340.0 \n15.2 \n312.4 \n220.6 \n \n \n \n \n \nApr \n3,535.6 \n16.6 \n328.2 \n283.6", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/April2013.pdf"}

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+{"doc_id": "56ae32d5a71df08dd56f302798e26842", "text": "i \n \n \n \n \n \n \n \nMAY 2019 \n \n1 \n \nTABLE OF CONTENTS \n \nSELECTED ECONOMIC INDICATORS ............................................................................................... 2 \nINTERNATIONAL COMMODITY PRICE DEVELOPMENTS ......................................................... 3 \nMERCHANDISE TRADE DEVELOPMENTS ..................................................................................... 4 \nMONETARY DEVELOPMENTS ............................................................................................................ 7 \nSTOCK MARKET DEVELOPMENTS ................................................................................................... 8 \nINFLATION OUTTURN ........................................................................................................................... 9 \nAnnual Inflation ...................................................................................................................................... 9 \nMonthly Inflation .................................................................................................................................... 9 \nNATIONAL PAYMENTS SYSTEM ...................................................................................................... 10 \n \n \n \n \n \n \n \n \n2 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSources: \n1. Zimbabwe National Statistics Agency (ZIMSTAT) \n2. Reserve Bank of Zimbabwe (RBZ) \n3. Zimbabwe Stock Exchange (ZSE) \n \n \n2019 \n \nApril \n2019 \n \nMay \nMonth-on- \nMonth \nChange (%) \nYearly Inflation1 (%) \n75.86 \n97.85 \n- \nMonthly Inflation1 (%) \n5.5 \n12.54 \n- \nNational Payment System Transactions2 \n(US$ millions) \n19,249.88 \n25,801.60 \n33.9 \nMoney Supply2 (US$ millions) \n11,353.37 \n13,008.69 \n14.58 \nMoney Supply (M3) Annual Growth2 (%) \n45.14 \n57.51 \n- \nNominal Lending Rate2 (% per annum) \n4.00-18.00 \n4.00-22.00 \n- \nZ.S.E All share Index \n133.69 \n188.06 \n40.68 \nZ.S.E. Mining Index3 \n186.47 \n225.81 \n21.10 \nZ.S.E. Industrial Index3 \n446.52 \n628.41 \n40.74 \nSELECTED ECONOMIC INDICATORS \n \n \n \n3 \n \nINTERNATIONAL COMMODITY PRICE \nDEVELOPMENTS \n \nThe international commodity prices of gold, \nplatinum, copper, nickel and brent crude oil \nretreated, during the month of May 2019. \n \n Precious Metals \nPrecious metal prices declined largely due to \nstrengthening of the US dollar, amid robust U.S. \neconomic data. The strong performance in \nequities, coupled with high investor appetite for \nriskier assets also exerted downward pressure on \nprecious metal prices. Resultantly, gold prices \ndeclined by 0.2%, from a monthly average of \nUS$1,287.04/oz \nin \nApril \n2019 \nto \nUS$1,283.86/oz in May 2019. \nSimilary, platinum prices fell by 6%, from a \nmonthly average of US$886.85oz in the previous \nmonth, to US$833.64/oz during the month under \nreview. \nWeak \nindustrial \ndemand \nfrom \nautomotive industries, following a drop in car \nsales from the U.S to Europe and China, also \ncontributed to the decline in platinum prices. \nFigure 1 depicts the evolution of gold and \nplatinum prices for the period from May 2018 to \nMay 2019. \n \n \n \n \n \n \n \n \nFigure 1: Precious metal prices (US$/oz.) \nSource: Bloomberg, 2019 \n \nBase Metals \nBase metal prices were weighed down by \nmounting trade tensions between the US and \nChina. The trade war has raised market concerns \nabout global trade and investment prospects, \nnegatively affecting the demand outlook for a \nnumber of commodities, including base metals. \n \nConsequently, nickel prices retreated by 13.1%, \nfrom US$13,800.11/ton in the previous month to \nUS$11,992.76/ton in May 2019. Copper prices \nalso fell by 7.1%, to end the month under review \nat an average of US$5,987.27/ton. \n \n \n \n \n \n \n \n \n \n \n \n \n600\n700\n800\n900\n1000\n1100\n1200\n1300\n1400\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nUS$/oz.\nGold\nPlatinum\n \n \n \n4 \n \nFigure 2: Base metal prices (US$/ton) \nSource: Bloomberg, 2019 \n \n \nBrent Crude Oil \nBrent crude oil prices retreated during the month \nunder review, following the unexpected build- up \nin U.S. crude inventories. The decline was, \nhowever, moderated by relatively tight supply, \namid OPEC output cuts and political tensions in \nthe Middle East. Against this backdrop, the price \nof crude oil went down by 1.6%, from a monthly \naverage of US$71.45/barrel in April 2019 to \nUS$70.28/barrel in May 2019, as shown in \nFigure 3. \n \n \n \n \n \n \n \n \n \n \n \nFigure 3: Brent Crude Oil prices \n(US$/barrel) \n \n \nMERCHANDISE TRADE \nDEVELOPMENTS \n \nDuring the month of May 2019, total \nmerchandise trade increased by 12.4% to \nUS$780.0 million, from US$693.7 million \nrealised in the previous month. The increase was \nlargely underpinned by the significant increase in \nexports, as well as marginal increase in monthly \nimports. \n \nMerchandise Exports \nMerchandise exports increased by 23.9%, from \nUS$277.0 million in April 2019 to US$343.2 \nmillion in May 2019. Figure 3 shows \nmerchansise exports for the period from January \n2018 to May 2019. \n \n \n \n5,000\n7,000\n9,000\n11,000\n13,000\n15,000\n17,000\n4,000\n4,500\n5,000\n5,500\n6,000\n6,500\n7,000\n7,500\nMay-18\nJul-18\nSep-18\nNov-18\nJan-19\nMar-19\nMay-19\nNickel US$/ton\nCopper US$/ton\nCopper\nNickel (RHS)\n45\n50\n55\n60\n65\n70\n75\n80\n85\nJan-17\nMar-17\nMay-17\nJul-17\nSep-17\nNov-17\nJan-18\nMar-18\nMay-18\nJul-18\nSep-18\nNov-18\nJan-19\nMar-19\nMay-19\n \n \n \n5 \n \nFigure 3: Merchandise Exports (US$ m) \n \nSource: ZIMSTAT, 2019 \n \nThe increase in monthly merchandise exports \nwas largely on account of higher export revenues \nfrom nickel; gold; flue-cured tobacco; industrial \ndiamonds; and Jewellery. \nTable 1 shows the major export commodities for \nthe months of April 2019 and May 2019. \n \n \n \n \n \n \n \n \n \n \n \n \n1 Unwrought platinum is a component of platinum group \nof metals (PGMs). \nTable 1: Exports Classified by Harmonised \nCommodity Description and Code \nSystem \nCommodity \nApr-19 \nMay-19 \nMay \n2019 \nShare of \nTotal \nExports \nUS$m \nUS$m \n(%) \nGold \n81.2 \n90.6 \n26.4 \nNickel mattes \n55.2 \n79.0 \n23.0 \nNickel ores & concentrates \n35.7 \n51.3 \n14.9 \nFerro-chrome \n24.1 \n19.9 \n5.8 \nFlue-cured tobacco \n14.1 \n16.1 \n4.7 \nIndustrial diamonds \n5.5 \n15.5 \n4.5 \nJewellery \n10.5 \n13.5 \n3.9 \nChromium ores and \nconcentrates \n5.4 \n4.0 \n1.2 \nUnwrought Platinum1 \n4.7 \n3.8 \n1.1 \nCane Sugar \n0.6 \n3.4 \n1 \nOther \n40.0 \n46.1 \n13.4 \nTotal \n277.0 \n343.2 \n100 \nSource: ZIMSTAT, 2019 \n \nThe country’s top five merchandise export \ndestinations were South Africa (41.8%); the \nUnited Arab Emirates (18.9%); Mozambique \n(7.3%); Belgium (2.6%); and Zambia (1.7%), as \nshown in Figure 4. \nFigure 4: Top Five Merchandise Export \nDestinations (% Share) \nSource: ZIMSTAT, 2019 \n \n \n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\nJan-18\nMar-18\nMay-18\nJul-18\nSep-18\nNov-18\nJan-19\nMar-19\nMay-19\n41.8%\n18.9%\n7.3%\n2.6%\n1.7%\n South Africa\n United Arab Emirates\nMozambique\nBelgium\nZambia\n \n \n \n6 \n \nMerchandise Imports \nMerchandise imports stood at US$436.8 million \nfor the month of May 2019, a 4.8% increase from \nthe US$416.7 million recorded in April 2019. In \nterms of proportions, diesel accounted for 15.9%, \nunleaded petrol, 7.6%; and medicines, 1.2% of \ntotal imports. \nTable 2 shows the country’s major import \ncommodities for April 2019 and May 2019. \nTable 1: Imports Classified by Harmonised \nCommodity Description and Code \nSystem \nCommodity \nApril \nUS$m \nMay \nUS$m \nShare \nof \nTotal \nExports \n(%) \nDiesel \n75.3 \n69.6 \n15.9 \nUnleaded petrol \n35.8 \n33 \n7.6 \nMedicines \n1.1 \n5.3 \n1.2 \nCrude soya bean oil \n8.9 \n4.2 \n1.0 \nRoad tractors (for \nsemi-trailers) \n1.8 \n3.6 \n0.8 \nMotor vehicles (for \nthe transportation of \ngoods) \n5.3 \n3.5 \n0.8 \nWheat \n3.2 \n3.5 \n0.8 \nElectricity \n5.8 \n3.5 \n0.8 \nInsecticides \n1.4 \n2.6 \n0.6 \nOther \n269 \n200 \n45.7 \n Total \n416.7 \n436.8 \n100 \nSource: ZIMSTAT, 2019 \n \nSouth Africa continued to dominate the country’s \nmajor import sources at 38.2% of total imports, \nfollowed by Singapore (27.9%); China (7.4%); \nMauritius (3.0%); and India (2.3%), as shown in \nFigure 5. \nFigure 5: Top Five Merchandise Import \nSources (% Share). \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nMerchandise Trade Balance \nThe \ncountry’s \nmerchandise \ntrade \ndeficit \nnarrowed to US$93.6 million in May 2019, from \nUS$139.7 million in April 2019. \nFigure 6: Merchandise Trade Balance \n(US$m) \nSource: ZIMSTAT, 2019 \n38.2%\n27.9%\n7.4%\n3.0%\n2.3%\n South Africa\n Singapore\nChina\nMauritious\nIndia\n-400.0\n-200.0\n0.0\n200.0\n400.0\n600.0\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nExports\nImports\nTrade Balance\n \n \n \n7 \n \nMONETARY DEVELOPMENTS2 \n \nAnnual broad money3 supply growth increased \nby 12.37 percentage points, from 45.14% in \nApril 2019 to 57.51% in May 2019. The growth \nreflected an increase in broad money stock, from \n$8 258.92 million in May 2018 to $13,009.04 \nmillion in May 2019. Part of the increase in broad \nmoney supply was due to the valuation of the \nforeign currency deposits in local currency. \n \nThe annual growth in money supply was, in large \npart, attributable to expansions in demand \ndeposits, 69.31%; negotiable certificates of \ndeposits, 58.43%; currency in circulation, \n31.39%; and time deposits, 11.74%. \n \nMonth-on-month, broad money supply stood at \n$13,009.04 million in May 2019, a 14.58% \nincrease from $11,353.37 million registered in \nApril 2019. \n \nFigure 7: Broad Money in Levels and \nGrowth Rates \nSource: Reserve Bank of Zimbabwe, 2019 \n \n2 All monetary numbers valued in RTGS since adoption of \nan interbank market determined exchange rate in February \n2019. \nIn terms of proportions, demand deposits \naccounted for 59.66% of broad money; FCA \ndeposits, 23.30%; time deposits, 12.39%; \ncurrency in circulation, 3.58%; and negotiable \ncertificates of deposits, 1.07%. \nFigure 8: Composition of Money Supply \n \nSource: Reserve Bank of Zimbabwe, 2019 \nAnnual growth in private sector credit stood at \n16.20% in May 2019, compared to 7.58% in \nApril 2019. On a monthly basis, credit to the \nprivate sector increased by 10.08%, from \n$4 012.06 million in April 2019, to close at \n$4 416.48 million in May 2019. \n \nThe distribution of credit during the month under \nreview was dominated by households which \naccounted for 24.62% of total credit, followed by \nagriculture, \n19.47%; \ndistribution \n12.75%; \nservices, \n12.07%; \nmanufacturing, \n10.07%; \nfinancial organisations and investment, 9.14%; \n3 From November 2017, broad money adjusted by a \nreclassification of lines of credit that were incorrectly \nclassified as deposits included in broad money. This \nreduced the stock of money and at the same time reducing \nthe net foreign assets of other depository corporations. \n0\n10\n20\n30\n40\n50\n60\n70\n -\n 2\n 4\n 6\n 8\n 10\n 12\n 14\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\n%\n$ Billions\nM3\nM3 Annual Growth rate\nDemand \ndeposits\n59.66%\nFCA \ndeposits\n23.30%\nTime \nDeposits\n12.39%\nCurrency in \nCirculation\n3.58%\nNegotiable \nCertificates \nof Deposits\n1.07%\n \n \n \n8 \n \nmining, 6.85%; construction, 2.70%; and \ntransport and communication 1.95%. Individuals \nand households, however, include micro, small \nand medium enterprises (MSMEs). \n \nFigure 9: Distribution of Private Sector \nCredit \nSource: Reserve Bank of Zimbabwe, 2019 \nSTOCK MARKET DEVELOPMENTS \n \nThe Zimbabwe Stock Exchange (ZSE) was \nbullish, during the month of May 2019, as strong \ndemand continued to characterize trading on the \nlocal bourse. The rally on the stock market was \ndriven by investors looking to preserve value, \ndue to inflationary pressures and the depreciation \nof the local currency. As a result, the All share \nindex increased by 40.68% to 188.06 points, \nfrom 133.69 points recorded in April 2019. The \nTop 10 index gained 55.33 points to close at \n182.99 points during the same month. \n \n \n \n \nFigure 10: Zimbabwe Stock Exchange All \nShare and Top 10 Indices \nSource: Zimbabwe Stock Exchange, 2019 \nThe industrial index stood at 628.41 points in \nMay 2019, representing a 40.74% increase from \n446.52 points registered in the previous month. \nSimilarly, the mining index increased from \n186.47 points in May 2019, to close the month \nunder review at 225.81 points. \nFigure 11: Zimbabwe Stock Exchange \nIndices \nSource: Zimbabwe Stock Exchange, 2019 \nThe volume of shares traded on the local bourse \nincreased by 76.59%, to close the month of May \n2019 at 237.33 million shares. In tandem, the \nvalue of shares traded rose to $193.52 million, a \n66.08% increase from $295.84 million in April \n2019. \nConstruction, \n2.70%\nTransport and \nCommunication, \nMining, \n6.85%\nFin \nOrgan & \nInvest, \n9.14%\nDistrubution, \n12.75%\nServices, \n12.07%\nManufacturing, \n10.07%\nAgriculture, \n19.47%\nHouseholds, \n24.62%\nOther, \n0.38%\n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n40.00\n90.00\n140.00\n190.00\n240.00\n31-May-18\n30-Jun-18\n31-Jul-18\n31-Aug-18\n30-Sep-18\n31-Oct-18\n30-Nov-18\n31-Dec-18\n31-Jan-19\n28-Feb-19\n31-Mar-19\n30-Apr-19\n31-May-19\nTop 10 Index\nAll Share Index\nAll Share Index\nTop 10 Index\n0\n50\n100\n150\n200\n250\n300\n0\n100\n200\n300\n400\n500\n600\n700\n800\nMining Index Points\nIndustrial Inedx Points\nIndustrial\nMining\n \n \n \n9 \n \nFigure 12: ZSE Monthly Volumes and Values \nTraded \nSource: Zimbabwe Stock Exchange, 2019 \nThe bull run on the ZSE market was reflected in \na \n \nmonth-on-month \nincrease \nin \nmarket \ncapitalisation of $7.42 billion to $24.92 billion as \nat close of May 2019, compared to $17.50 billion \nrecorded in April 2019. \n \nINFLATION OUTTURN \n \nAnnual Inflation \n \nAnnual headline inflation increased to 97.85% in \nMay 2019, from 75.86% in April 2019. This was \nlargely attributable to increases in both food and \nnon-food inflation. \nAll food sub-categories registered annual price \nincreases in May 2019, largely driven by \nvegetables, bread and cereals, and meat. Prices of \nbread and cereals rose due to shortages of wheat, \nas well as the cost build-up along the value chain. \nSimilarly, all non-food categories recorded price \nincreases in May 2019, with the largest increases \nrecorded for transport; housing water, electricity, \ngas and other fuels; alcoholic beverages and \ntobacco; and clothing and footwear. \nFigure 13: Annual Headline, Food and non-\nFood Inflation (%) \n \nSource: ZIMSTAT, 2019 \n \nMonthly Inflation \n \nOn a month-on-month basis, inflation rose to \n12.54% in May 2019, from 5.52% recorded in the \nprevious month. The increase in annual inflation \nwas attributed to food inflation which increased \nto 126.43% in May 2019, from 92.5% in April \n2019. Non-food inflation also rose from 68.2% in \nApril 2019, to 85.94% in May 2019. \n \nFigure 14: Month-on-Month Inflation (%)\nSource: ZIMSTAT, 2019 \n \n \n \n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\n0\n100\n200\n300\n400\n500\n600\n700\n800\n900\n1,000\n1,100\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nValues Traded ($ millions)\nVolumes Traded (milions)\nVolume\nTurnover\n0.00%\n20.00%\n40.00%\n60.00%\n80.00%\n100.00%\n120.00%\n140.00%\nNon-Food\nOverall\nFood\n-2.0\n0.0\n2.0\n4.0\n6.0\n8.0\n10.0\n12.0\n14.0\n16.0\n18.0\nMay-18\nJul-18\nSep-18\nNov-18\nJan-19\nMar-19\nMay-19\n \n \n \n10 \n \nNATIONAL PAYMENTS SYSTEM \n \n \n \n \nThe total value of transactions processed through \nthe National Payment System (NPS) amounted to \n$25.8 billion in May 2019. This was a 33.9% \nincrease from the $19.27 billion worth of \ntransactions processed during the previous \nmonth. Total transaction volumes processed \nthrough the NPS increased by 82.3% to close at \n350.4 million in May 2019, from 190.2 million \nrecorded in the previous month. \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \n \nDuring the month of May 2019, the value of \ntransactions processed through the RTGS system \nstood at $14.7 billion, up from $10.3 billion in \nthe previous month. RTGS transaction volumes \nincreased by 20.1% to 642,585 transactions in \nMay 2019, from 535,018 transactions in April \n2019. \nFigure 15: ZETSS Volumes and Values \n \nSource: Reserve Bank of Zimbabwe, 2019 \n \n \n \n \n \nCash transactions \n \nCash based transactions stood at $615.5 million \nin May 2019, a 28.4% increase from $479.3 \nmillion recorded in the previous month. \nMobile and Internet Based Transactions \nThe total value of mobile and internet based \ntransactions increased by 34.64%, to close the \nmonth under review at $8.6 billion. This \ncompares with the $6.4 billion recorded in April \n2019. \nCard Based Transactions \nThe total value of card based transactions \namounted to $1.4 billion in May 2019, a decline \nof 12.1% from the $1.59 billion registered in the \nprevious month. \nCheque Transactions \nCheque transactions increased by 33.5%, from \n$3.14 million in April 2019 to $4.19 million in \nMay 2019. \n \nJULY 2019 \nRESERVE BANK OF ZIMBABWE \n -\n 2.0\n 4.0\n 6.0\n 8.0\n 10.0\n 12.0\n 14.0\n 16.0\n0\n100\n200\n300\n400\n500\n600\n700\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nValue in $ Billions\nVolume in Thousands\nVolume\nValue\n \n11 \n \nStatistical Tables \n \nMonetary Statistics \n 1. Depository Corporations Survey \n \n \n \n13 \n 2. Central Bank Survey \n \n \n \n \n \n \n14 \n \n3. Other Depository Corporations Survey \n \n \n \n \n15 \n Other Depository Corporations \n \n4.1 Assets \n \n \n \n \n \n \n \n16 \n 4.2 Liabilities \n \n \n \n \n \n \n \n17 \n Commercial Banks \n 5.1 Assets \n \n \n \n \n18 \n 5.2 Liabilities \n \n \n \n19 \n Building Societies \n 6.1 Assets \n \n \n \n \n \n \n20 \n 6.2 Liabilities \n \n \n \n \n \n21 \n Sectoral Analysis of Bank Loans and Advances and Deposits \n \n7.1 Sectoral Analysis of Commercial Banks Loans and Advances \n22 \n \n7.2 Sectoral Analysis of Commercial Banks Deposits \n \n \n23 \n Interest Rates \n \n8.1 Lending Rates \n \n \n \n \n \n \n \n24 \n \n8.2 Banks Deposit Rates \n \n \n \n \n \n \n25 \n \n Inflation \n \n9.1 Monthly Inflation \n \n \n \n \n \n \n26 \n \n9.2 Yearly Inflation \n \n \n \n \n \n \n \n27 \n External Statistics \n \n10. Total External Debt Outstanding by Debtor \n \n \n \n28 \n 11. Exchange Rates \n \n \n \n \n \n \n \n29 \n \n \n \n \n \n12 \n \n12. Zimbabwe Stock Market Statistics \n \n \n \n \n 30 \n \n 13. National Payments System Statistics \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n 31 \n \n13.2 Volumes of Transactions \n \n \n \n \n 32 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13 \n \n \nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nNet Foreign Assets\n-1,725,931.55\n-1,508,217.61\n-1,499,686.15\n-1,804,600.44\n-1,815,294.15\n-1,728,377.38\n-1,725,207.58\n-1,877,294.72\n-1,874,425.56\n-4,424,467.92\n-5,983,620.49\n-6,226,059.55\n-10,192,415.69\nCentral Bank(net)\n-1,468,598.27\n-1,217,451.12\n-1,275,444.50\n-1,513,864.28\n-1,555,285.99\n-1,455,053.24\n-1,541,066.06\n-1,758,219.23\n-1,766,538.71\n-4,676,973.98\n-6,110,320.34\n-6,756,572.48\n-11,352,535.79\nForeign Assets\n314,006.88\n510,355.35\n528,307.45\n290,596.25\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n303,248.18\n853,285.31\n996,604.88\n932,666.79\n2,417,729.41\nForeign Liabilities\n1,782,605.15\n1,727,806.48\n1,803,751.95\n1,804,460.53\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\n5,530,259.29\n7,106,925.22\n7,689,239.28\n13,770,265.20\nOther Depository Corporations(net)\n-257,333.28\n-290,766.49\n-224,241.66\n-290,736.16\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\n252,506.07\n126,699.85\n530,512.93\n1,160,120.10\nForeign Assets\n296,836.55\n263,405.79\n320,981.77\n244,837.54\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\n1,034,721.60\n1,060,697.66\n1,491,439.91\n2,534,779.04\nForeign Liabilities\n554,169.83\n554,172.27\n545,223.42\n535,573.70\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\n782,215.53\n933,997.80\n960,926.97\n1,374,658.95\nNet Domestic Assets (NDA)\n9,984,853.80\n10,351,577.44\n10,883,377.40\n11,301,536.89\n11,637,230.97\n11,491,870.79\n11,515,658.20\n11,887,199.99\n11,731,452.83\n14,813,771.42\n16,610,996.67\n17,579,425.62\n23,201,453.94\nDomestic Claims\n11,846,066.17\n12,410,120.00\n13,195,525.47\n13,840,196.20\n14,162,804.05\n14,361,247.61\n14,642,956.80\n14,982,344.65\n15,268,955.01\n14,831,314.29\n14,652,405.60\n14,594,432.73\n14,958,514.70\nClaims on Central Government(net)\n7,361,243.19\n7,703,126.14\n8,707,427.93\n9,245,237.20\n9,367,999.90\n9,453,371.60\n9,709,749.15\n9,992,336.76\n10,397,721.31\n9,848,404.77\n9,631,357.74\n9,398,952.61\n9,082,566.10\nClaims on Central Government\n7,510,470.60\n7,834,035.83\n8,782,266.41\n9,319,418.72\n9,454,322.45\n9,547,216.70\n9,799,794.74\n10,074,924.82\n10,481,274.02\n9,996,649.93\n9,810,201.11\n9,615,349.44\n9,377,820.25\nCentral Bank\n4,687,116.02\n4,961,290.78\n5,486,379.33\n5,949,540.54\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,438,578.19\n6,914,447.06\n6,777,148.85\n6,690,110.86\n6,461,220.18\nODCs\n2,823,354.57\n2,872,745.05\n3,295,887.08\n3,369,878.18\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\n3,082,202.87\n3,033,052.26\n2,925,238.58\n2,916,600.07\nLess Liabilities to Central Government\n149,227.40\n130,909.69\n74,838.48\n74,181.52\n86,322.55\n93,845.11\n90,045.59\n82,588.06\n83,552.71\n148,245.17\n178,843.37\n216,396.83\n295,254.14\nCentral Bank\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n103,759.15\n130,917.86\n160,540.01\n246,390.26\nODCs\n107,369.43\n89,210.62\n33,130.77\n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\n47,925.52\n55,856.82\n48,863.88\nClaims on Other Sectors\n4,484,822.98\n4,706,993.86\n4,488,097.54\n4,594,959.00\n4,794,804.16\n4,907,876.01\n4,933,207.65\n4,990,007.89\n4,871,233.70\n4,982,909.52\n5,021,047.86\n5,195,480.12\n5,875,948.60\nOther Financial Corporations\n60,319.74\n67,789.70\n133,851.47\n141,976.37\n145,256.31\n149,474.39\n146,924.77\n156,610.64\n163,570.22\n171,891.86\n159,230.21\n161,501.25\n169,299.57\nState and Local Government\n51,746.27\n49,509.94\n54,356.85\n52,796.97\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\n34,253.92\n35,077.27\n34,576.44\n33,304.49\nPublic Non Financial Corporations\n571,881.14\n678,604.79\n653,645.57\n675,218.20\n707,808.19\n714,396.35\n759,288.09\n737,586.90\n760,026.12\n717,834.55\n874,075.49\n987,347.41\n1,256,829.39\nPrivate Sector\n3,800,875.83\n3,911,089.43\n3,646,243.64\n3,724,967.47\n3,890,142.17\n4,004,414.16\n3,989,955.06\n4,058,650.69\n3,912,302.09\n4,058,929.20\n3,952,664.90\n4,012,055.03\n4,416,515.15\nCentral Bank\n19,406.23\n19,822.36\n20,351.40\n22,784.69\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\n17,036.09\n21,956.10\n24,683.88\n25,361.29\nODCs\n3,781,469.60\n3,891,267.06\n3,625,892.25\n3,702,182.78\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\n4,041,893.11\n3,930,708.81\n3,987,371.15\n4,391,153.86\nOther Items(Net)\n1,861,212.37\n2,058,542.55\n2,312,148.07\n2,538,659.31\n2,525,573.08\n2,869,376.82\n3,127,298.60\n3,095,144.66\n3,537,502.18\n17,542.87\n-1,958,591.07\n-2,984,992.88\n-8,242,939.24\nShares and Other Equity\n1,925,814.17\n1,993,144.37\n2,192,599.84\n2,239,731.19\n2,135,709.67\n2,187,396.87\n2,221,755.34\n2,281,378.82\n2,281,748.45\n-544,566.17\n-1,687,090.85\n-2,151,220.63\n-6,856,982.76\nLiabilities to Other Financial Corporations\n19,885.58\n21,559.36\n32,602.91\n33,341.07\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\n42,570.71\n42,675.76\n30,412.39\n49,216.06\nRestricted Deposits\n51,411.94\n65,963.28\n41,991.83\n46,269.35\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\n8,667.49\n16,636.01\n46,764.60\n12,192.36\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-135,899.32\n-22,124.46\n44,953.48\n219,317.70\n297,075.34\n571,900.47\n846,089.55\n753,702.76\n1,199,451.00\n510,870.83\n-330,811.98\n-910,949.25\n-1,447,364.90\nBroad Money-M3\n8,258,922.25\n8,843,359.83\n9,383,691.25\n9,496,936.45\n9,821,936.82\n9,763,493.41\n9,790,450.62\n10,009,905.27\n9,857,027.27\n10,389,303.50\n10,627,376.18\n11,353,366.06\n13,009,038.25\nSecurities Other than Shares Included in Broad Money\n88,015.27\n66,844.08\n89,499.33\n66,484.46\n52,419.97\n61,703.77\n50,864.73\n58,584.04\n59,302.10\n71,792.12\n74,503.10\n90,813.24\n139,439.93\nBroad Money-M2\n8,170,906.98\n8,776,515.75\n9,294,191.92\n9,430,452.00\n9,769,516.85\n9,701,789.65\n9,739,585.90\n9,951,321.23\n9,797,725.16\n10,317,511.39\n10,552,873.07\n11,262,552.82\n12,869,598.32\nOther Deposits\n1,442,460.95\n1,459,140.37\n1,501,520.77\n1,524,244.03\n1,488,981.24\n1,427,834.38\n1,430,427.17\n1,508,902.47\n1,466,797.51\n1,473,224.43\n1,437,053.15\n1,487,637.39\n1,611,815.34\nNarrow Money-M1\n6,728,446.03\n7,317,375.38\n7,792,671.15\n7,906,207.97\n8,280,535.61\n8,273,955.26\n8,309,158.73\n8,442,418.76\n8,330,927.65\n8,844,286.96\n9,115,819.92\n9,774,915.43\n11,257,782.98\nTransferable Deposits\n6,374,245.17\n6,938,172.87\n7,365,729.27\n7,444,516.45\n7,789,665.52\n7,792,430.08\n7,817,001.46\n7,940,376.20\n7,857,164.47\n8,380,317.93\n8,648,981.05\n9,283,238.74\n10,792,389.36\n Of which Foreign Currency Accounts\n0.00\n0.00\n0.00\n0.00\n0.00\n149,041.84\n139,613.34\n343,305.00\n418,087.02\n1,190,521.05\n1,417,836.22\n1,753,489.14\n3,031,536.97\nCurrency Outside Depository Corporations\n354,200.86\n379,202.52\n426,941.88\n461,691.52\n490,870.09\n481,525.19\n492,157.27\n502,042.57\n473,763.18\n463,969.03\n466,838.87\n491,676.69\n465,393.62\nMemorandum Items\nReserve Money\n2,356,468.08\n2,513,332.55\n2,789,945.53\n2,967,852.44\n2,891,742.55\n2,860,575.65\n3,135,918.22\n3,258,220.86\n3,029,004.88\n3,201,051.95\n3,172,354.75\n3,019,535.69\n2,522,708.23\nFCAs as a Percentage of Deposits in M3\n0.0%\n0.0%\n0.0%\n0.0%\n0.0%\n1.6%\n1.5%\n3.6%\n4.5%\n12.0%\n14.0%\n16.1%\n24.2%\nEnd Period Exchange Rate\n1.00\n1.00\n1.00\n1.00\n1.00\n1.00\n1.00\n1.00\n1.00\n2.50\n3.01\n3.26\n5.26\nSource: Reserve Bank of Zimbabwe,2019\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 ZWL$ since the introduction of the interbank foreign exchange market in February 2019\nTABLE 1: DEPOSITORY CORPORATIONS SURVEY (ZWL$ '000)\n \n \n \n14 \n \n \nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nNet Foreign Assets\n-1,469,367.91\n-1,454,496.55\n-1,468,598.27\n-1,217,451.12\n-1,275,444.50 -1,513,864.28 -1,555,285.99 -1,455,053.24 -1,541,066.06 -1,758,219.23 -1,766,538.71 -4,676,973.98 -6,110,320.34 -6,756,572.48 -11,352,535.79\nClaims on Non Residents\n253,622.18\n257,569.81\n314,006.88\n510,355.35\n528,307.45\n290,596.25\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n303,248.18\n853,285.31\n996,604.88\n932,666.79\n2,417,729.41\nOfficial Reserves Assets\n151,870.93\n148,866.28\n203,306.89\n163,434.94\n180,936.77\n189,263.65\n136,268.14\n153,107.92\n137,602.74\n86,950.64\n80,847.73\n311,203.67\n344,973.29\n230,535.90\n1,223,599.47\nOther Foreign Assets\n101,751.25\n108,703.53\n110,699.99\n346,920.41\n347,370.68\n101,332.60\n101,582.56\n102,375.02\n110,077.40\n209,015.01\n222,400.44\n542,081.63\n651,631.59\n702,130.89\n1,194,129.94\nLess Liabilities to Non Residents\n1,722,990.09\n1,712,066.36\n1,782,605.15\n1,727,806.48\n1,803,751.95\n1,804,460.53\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\n5,530,259.29\n7,106,925.22\n7,689,239.28\n13,770,265.20\nShort Term Liabilities\n1,224,423.97\n1,213,571.58\n1,284,003.16\n1,229,630.31\n1,303,458.23 1,303,461.16 1,291,247.23 1,207,367.88 1,300,370.95 1,563,599.81 1,574,674.14 4,300,887.88 5,631,784.52 6,092,241.62 11,229,210.34\nOther Foreign Liabilities\n498,566.12\n498,494.78\n498,601.99\n498,176.16\n500,293.72\n500,999.37\n501,889.46\n503,168.29\n488,375.25\n490,585.08\n495,112.75 1,229,371.41 1,475,140.70 1,596,997.65\n2,541,054.86\nNet Domestic Assets (NDA)\n3,791,063.48\n3,672,870.69\n3,825,066.36\n3,730,783.67\n4,065,390.03 4,481,716.72 4,447,028.54 4,315,628.88 4,676,984.28 5,016,440.09 4,795,543.60 7,878,025.93 9,282,675.10 9,776,108.17 13,875,244.02\nDomestic Claims\n4,733,231.32\n4,949,000.69\n5,100,533.66\n5,420,856.73\n6,026,539.60 6,509,710.94 6,826,230.06 6,991,768.06 7,189,089.87 7,598,696.62 7,999,682.43 7,398,364.83 7,254,587.97 7,189,577.74\n6,912,529.53\nNet Claims on Central Government\n4,274,869.27\n4,468,884.32\n4,645,258.05\n4,919,591.70\n5,444,671.63 5,907,750.89 6,261,510.96 6,394,998.92 6,578,607.86 6,983,331.70 7,397,211.76 6,810,687.92 6,646,231.00 6,529,570.85\n6,214,829.92\nClaims on Central Government\n4,316,965.46\n4,510,854.75\n4,687,116.02\n4,961,290.78\n5,486,379.33\n5,949,540.54\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,438,578.19\n6,914,447.06\n6,777,148.85\n6,690,110.86\n6,461,220.18\nOf which: Securities Other than Shares\n1,546,995.94\n1,560,622.17\n1,597,939.74\n1,655,951.61\n1,767,970.98 2,124,232.15 2,107,570.78 2,109,129.00 2,073,611.90 2,062,178.19 2,377,373.84 1,962,432.38 1,910,408.71 1,835,171.86\n1,793,430.00\nLoans\n2,769,969.52\n2,950,232.58\n3,089,176.28\n3,305,339.17\n3,718,408.35\n3,825,308.38\n4,195,635.11\n4,327,555.56\n4,546,326.96\n4,962,474.58\n5,061,204.35\n4,952,014.68\n4,866,740.14\n4,854,939.01\n4,667,790.18\n Loans and Advances\n2,495,052.07\n2,677,530.89\n2,816,474.69\n3,032,637.59\n3,445,708.69 3,552,608.66 3,925,152.95 3,092,815.50 3,259,847.32 3,618,214.10 3,632,085.91 3,480,989.65 3,358,008.67 3,319,653.21\n3,053,293.48\n Legacy Debt\n274,917.46\n272,701.69\n272,701.59\n272,701.58\n272,699.66\n272,699.72\n270,482.16\n270,483.94\n270,476.30\n271,144.05\n291,998.61\n308,519.87\n309,020.71\n309,052.17\n309,088.45\n Export Incentives\n416,035.49\n477,611.93\n530,141.11\n657,961.30\n685,670.05\n760,667.33\n878,452.43\n964,256.12\n1,016,003.35\n1,073,116.43\n1,137,119.83\n1,162,505.16\n1,199,710.77\n1,226,233.63\n1,305,408.24\nLess Liabilities to Central Government\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n103,759.15\n130,917.86\n160,540.01\n246,390.26\nOf which: Deposits\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n103,759.15\n130,917.86\n160,540.01\n246,390.26\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\n0.00\n0.00\nClaims on Other Sectors\n458,362.05\n480,116.36\n455,275.61\n501,265.03\n581,867.98\n601,960.04\n564,719.10\n596,769.14\n610,482.01\n615,364.93\n602,470.67\n587,676.91\n608,356.98\n660,006.89\n697,699.62\nOther Financial Corporations\n22,351.28\n27,040.76\n23,338.60\n25,383.43\n89,858.36\n90,693.36\n93,173.28\n95,076.36\n92,865.03\n104,283.41\n109,152.02\n121,634.35\n114,497.79\n117,613.99\n114,408.61\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\n0.00\n0.00\nPublic Non Financial Corporations\n420,051.27\n438,650.07\n412,530.77\n456,059.23\n471,658.22\n488,482.00\n450,432.88\n480,359.88\n496,226.90\n489,746.16\n476,287.89\n449,006.47\n471,903.09\n517,709.02\n557,929.72\nPrivate Sector\n15,959.49\n14,425.53\n19,406.23\n19,822.36\n20,351.40\n22,784.69\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\n17,036.09\n21,956.10\n24,683.88\n25,361.29\nClaims on Other Depository Corporations\n215,726.13\n160,379.82\n270,870.78\n289,295.02\n301,846.44\n306,132.79\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n330,900.10\n339,662.09\n332,906.49\n339,094.15\nOf which: Loans\n215,726.13\n160,379.82\n270,870.78\n289,295.02\n301,846.44\n306,132.79\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n330,900.10\n339,662.09\n332,906.49\n339,094.15\nOther Liabilities to ODCs\n957,558.02\n1,227,106.07\n1,351,211.59\n1,762,290.93\n1,996,438.50 2,054,141.40 2,395,312.12 2,682,243.65 2,626,664.31 2,739,770.63 3,367,888.49 2,509,676.59 2,400,005.83 2,538,511.34\n3,047,017.11\nOf which: Aftrades Balances\n392,086.59\n393,049.36\n393,054.36\n445,143.93\n463,755.70\n489,416.24\n483,497.99\n388,000.00\n388,000.00\n388,000.00\n388,000.00\n0.00\n0.00\n0.00\n0.00\n Securities\n492,624.92\n726,718.83\n844,572.29\n1,181,913.83\n1,425,661.22\n1,486,721.94\n1,823,973.56\n2,083,075.39\n1,964,016.64\n2,135,541.16\n2,726,599.60\n2,314,291.29\n2,248,370.43\n2,348,400.79\n2,738,904.07\nOther Items(Net)\n200,335.95\n209,403.74\n195,126.49\n217,077.15\n266,557.51\n279,985.61\n290,045.02\n310,072.68\n264,615.13\n236,221.85\n254,583.08\n-2,658,437.58\n-4,088,430.87\n-4,792,135.28\n-9,670,637.45\nShares and Other Equity\n340,070.83\n350,685.43\n351,770.33\n360,766.36\n433,728.61\n444,671.00\n454,134.87\n466,363.60\n467,391.73\n475,653.19\n464,456.24\n-2,402,232.48\n-3,873,725.31\n-4,589,274.75\n-9,310,271.34\nOther Items(Net)\n-198,344.74\n-199,633.45\n-208,055.78\n-209,652.49\n-209,162.93\n-210,954.74\n-210,281.05\n-224,343.90\n-219,916.07\n-260,446.06\n-226,959.59\n-264,872.60\n-231,341.56\n-251,223.69\n-375,255.92\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\n1,598.56\n2,697.45\nDeposits and Securities Excluded from Base Money\n58,609.87\n58,351.76\n51,411.94\n65,963.28\n41,991.83\n46,269.35\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\n8,667.49\n16,636.01\n46,764.60\n12,192.36\nMonetary Base Incl. foreign currency clearing balances\nMonetary Base \n2,321,695.57\n2,218,374.14\n2,356,468.08\n2,513,332.55\n2,789,945.53 2,967,852.44 2,891,742.55 2,860,575.65 3,135,918.22 3,258,220.86 3,029,004.88 3,201,051.95 3,172,354.75 3,019,535.69\n2,522,708.23\nBond Coins\n68,055.24\n73,367.25\n79,420.27\n80,593.64\n80,812.71\n84,872.46\n86,177.94\n86,521.28\n86,507.82\n86,558.34\n86,671.08\n86,794.17\n86,775.25\n87,096.23\n87,423.30\nBond Notes\n289,183.09\n289,120.92\n288,935.32\n307,595.14\n366,738.89\n399,951.59\n422,933.66\n434,935.71\n436,225.70\n435,985.12\n436,131.63\n436,825.58\n442,551.17\n449,762.88\n476,656.02\nLiabilities to ODCs\n1,920,236.39\n1,813,681.70\n1,924,872.37\n2,112,051.33\n2,294,108.09 2,406,600.92 2,296,266.80 2,282,181.13 2,545,140.17 2,718,472.21 2,431,429.69 2,620,801.43 2,556,061.06 2,410,617.85\n1,861,836.07\nReserve Deposits\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n399,643.22\n393,439.26\n395,649.57\n387,117.92\n379,777.18\n382,618.00\n406,733.21\nOther\n1,920,236.39\n1,813,681.70\n1,924,872.37\n2,112,051.33\n2,294,108.09 2,406,600.92 2,296,266.80 2,282,181.13 2,145,496.95 2,325,032.95 2,035,780.12 2,233,683.51 2,176,283.88 2,027,999.85\n1,455,102.86\nPrivate Deposits\n44,220.86\n42,204.27\n63,240.13\n13,092.44\n48,285.84\n76,427.47\n86,364.15\n56,937.52\n68,044.53\n17,205.18\n74,772.49\n56,630.77\n86,967.28\n72,058.73\n96,792.85\nSource: Reserve Bank of Zimbabwe,2019\nTABLE 2: CENTRAL BANK SURVEY (ZWL$'000)\n \n \n \n15 \n \n \nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nMar-19\nApr-19\nMay-19\nNet Foreign Assets\n-163,544.10\n-191,346.21\n-257,333.28\n-290,766.49\n-224,241.66\n-290,736.16\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\n252,506.07\n126,699.85\n530,512.93\n1,160,120.10\nClaims on Non Residents\n297,434.24\n261,946.07\n296,836.55\n263,405.79\n320,981.77\n244,837.54\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\n1,034,721.60\n1,060,697.66\n1,491,439.91\n2,534,779.04\nOf Which: Foreign Currency\n57,869.75\n61,873.54\n71,684.03\n58,497.99\n61,888.30\n72,330.74\n61,523.80\n70,410.81\n84,619.66\n94,485.74\n113,427.55\n256,754.30\n263,233.15\n363,481.95\n484,193.31\nDeposits\n238,758.58\n199,270.91\n224,360.39\n204,103.25\n206,979.87\n171,610.30\n237,075.06\n236,895.75\n273,677.73\n310,319.40\n307,770.08\n776,043.16\n794,324.48\n1,123,646.46\n2,044,144.29\nOther\n805.91\n801.63\n792.13\n804.54\n52,113.60\n896.50\n910.05\n900.29\n901.68\n1,043.27\n1,605.91\n1,924.14\n3,140.03\n4,311.50\n6,441.45\nLess Liabilities to Non Residents\n460,978.35\n453,292.29\n554,169.83\n554,172.27\n545,223.42\n535,573.70\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\n782,215.53\n933,997.80\n960,926.97\n1,374,658.95\nOf Which: Deposits\n85,081.69\n75,827.46\n77,458.35\n76,977.43\n71,906.41\n61,764.73\n91,213.72\n115,149.81\n86,609.01\n81,573.41\n81,808.20\n172,568.31\n242,800.88\n584,272.60\n719,211.04\nLoans\n375,896.65\n377,464.82\n476,711.48\n477,194.84\n473,317.01\n473,808.97\n468,303.36\n466,381.17\n456,731.58\n443,350.50\n448,882.19\n609,647.22\n691,196.93\n376,654.37\n655,447.91\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\n0.00\n0.00\nNet Domestic Assets (NDA)\n7,472,096.38\n \n7,624,121.15\n \n8,098,814.54\n \n8,741,831.36\n \n9,132,705.19\n \n9,249,553.63\n9,504,710.75\n9,498,354.86\n9,414,390.34\n9,609,733.01\n9,416,378.45\n9,616,197.64\n9,946,870.18\n10,259,117.71\n11,286,731.69\nDomestic Claims\n6,266,910.56\n \n6,437,720.58\n \n6,745,532.52\n \n6,989,263.27\n \n7,168,985.87\n \n7,330,485.27\n7,336,573.99\n7,369,479.55\n7,453,866.93\n7,383,648.03\n7,269,272.57\n7,432,949.46\n7,397,817.63\n7,404,854.99\n8,045,985.17\nNet Claims on Central Government\n2,339,300.34\n \n2,476,778.04\n \n2,715,985.15\n \n2,783,534.43\n \n3,262,756.31\n \n3,337,486.31\n3,106,488.93\n3,058,372.68\n3,131,141.29\n3,009,005.06\n3,000,509.55\n3,037,716.85\n2,985,126.74\n2,869,381.76\n2,867,736.19\nClaims on Central Government\n2,453,993.46\n \n2,572,350.40\n \n2,823,354.57\n \n2,872,745.05\n \n3,295,887.08\n \n3,369,878.18\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\n3,082,202.87\n3,033,052.26\n2,925,238.58\n2,916,600.07\nSecurities\n2,434,830.12\n \n2,558,912.76\n \n2,814,916.90\n \n2,865,309.79\n \n3,291,375.03\n \n3,362,827.03\n3,145,693.06\n3,105,944.58\n3,172,866.99\n3,044,069.03\n3,038,282.27\n3,076,367.83\n3,028,779.35\n2,921,262.97\n2,912,674.94\nLoans\n19,163.34\n \n13,437.64\n \n8,437.68\n \n7,435.26\n \n4,512.05\n \n7,051.15\n5,423.50\n4,587.57\n6,988.90\n6,203.03\n4,413.55\n5,835.04\n4,272.91\n3,975.61\n3,925.13\nOther \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \nLess Liabilities to Central Government\n114,693.11\n \n95,572.36\n \n107,369.43\n \n89,210.62\n \n33,130.77\n \n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\n47,925.52\n55,856.82\n48,863.88\nOf which: Deposits\n114,693.11\n \n95,572.36\n \n107,369.43\n \n89,210.62\n \n33,130.77\n \n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\n47,925.52\n55,856.82\n48,863.88\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\n0.00\n0.00\nClaims on Other Sectors\n3,927,610.21\n \n3,960,942.53\n \n4,029,547.37\n \n4,205,728.83\n \n3,906,229.56\n \n3,992,998.96\n4,230,085.05\n4,311,106.88\n4,322,725.64\n4,374,642.97\n4,268,763.02\n4,395,232.61\n4,412,690.88\n4,535,473.23\n5,178,248.99\nOther Financial Corporations\n47,078.39\n \n47,272.71\n \n36,981.14\n \n42,406.27\n \n43,993.11\n \n51,283.01\n52,083.02\n54,398.03\n54,059.74\n52,327.23\n54,418.20\n50,257.50\n44,732.42\n43,887.25\n54,890.96\nState and Local Government\n48,750.40\n \n52,851.54\n \n51,746.27\n \n49,509.94\n \n54,356.85\n \n52,796.97\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\n34,253.92\n35,077.27\n34,576.44\n33,304.49\nPublic Non Financial Corporations\n150,967.31\n \n145,902.98\n \n159,350.37\n \n222,545.56\n \n181,987.35\n \n186,736.20\n257,375.31\n234,036.46\n263,061.19\n247,840.74\n283,738.23\n268,828.08\n402,172.40\n469,638.39\n698,899.67\nPrivate Sector\n3,680,814.12\n \n3,714,915.30\n \n3,781,469.60\n \n3,891,267.06\n \n3,625,892.25\n \n3,702,182.78\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\n4,041,893.11\n3,930,708.81\n3,987,371.15\n4,391,153.86\nClaims on the Central Bank\n2,474,448.22\n \n2,438,430.82\n \n2,557,149.58\n \n3,089,939.84\n \n3,471,170.30\n \n3,498,784.50\n3,799,833.82\n3,811,216.96\n3,726,890.73\n3,969,951.54\n3,950,061.19\n3,824,458.20\n3,953,460.88\n4,199,075.04\n4,187,900.42\nCurrency\n16,707.478\n \n14,888.726\n \n14,154.729\n \n8,986.260\n \n20,609.732\n \n23,132.54\n18,241.51\n39,931.81\n30,576.25\n20,500.90\n49,039.52\n59,650.72\n62,487.55\n45,182.42\n98,685.70\nOther Claims including Reserves\n2,457,740.74\n \n2,423,542.10\n \n2,542,994.86\n \n3,080,953.58\n \n3,450,560.57\n \n3,475,651.96\n3,781,592.32\n3,771,285.15\n3,696,314.48\n3,949,450.64\n3,901,021.67\n3,764,807.48\n3,890,973.33\n4,153,892.62\n4,089,214.73\nLiabilities to the Central Bank\n140,468.21\n \n82,369.89\n \n101,470.93\n \n119,810.71\n \n118,944.97\n \n136,950.59\n142,244.29\n147,588.60\n213,749.43\n229,588.29\n239,529.91\n158,887.13\n165,849.57\n148,327.69\n148,760.15\nOther Items(Net)\n1,128,794.20\n \n1,169,660.36\n \n1,102,396.63\n \n1,217,561.04\n \n1,388,506.01\n \n1,442,765.55\n1,489,452.77\n1,534,753.06\n1,552,617.90\n1,514,278.27\n1,563,425.41\n1,482,322.89\n1,238,558.76\n1,196,484.63\n798,393.76\nShares and Other Equity\n1,555,909.88\n \n1,542,636.03\n \n1,574,043.84\n \n1,632,378.01\n \n1,758,871.23\n \n1,795,060.19\n1,681,574.79\n1,721,033.27\n1,754,363.61\n1,805,725.63\n1,817,292.21\n1,857,666.31\n2,186,634.46\n2,438,054.11\n2,453,288.57\nLiabilities to other ressident sectors\n6,906.82\n \n16,085.12\n \n19,885.58\n \n21,559.36\n \n32,602.91\n \n33,341.07\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\n42,570.71\n42,675.76\n28,813.83\n46,518.61\nOther Items(Net)\n(434,022.51)\n \n(389,060.79)\n \n(491,532.80)\n \n(436,376.33)\n \n(402,968.13)\n \n-385,635.72\n-238,718.90\n-228,306.72\n-244,059.95\n-330,495.73\n-293,083.09\n-417,914.13\n-990,751.46\n-1,270,383.32\n-1,701,413.42\nDeposits and Securities Included in Broad Mone 7,308,552.27\n \n7,432,774.94\n \n7,841,481.27\n \n8,451,064.87\n \n8,908,463.53\n \n8,958,817.46\n9,244,702.58\n9,225,030.71\n9,230,248.82\n9,490,657.52\n9,308,491.60\n9,868,703.71\n10,073,570.03\n10,789,630.64\n12,446,851.79\nDeposits Included in Broad Money\n7,231,240.46\n \n7,348,810.03\n \n7,753,466.00\n \n8,384,220.79\n \n8,818,964.20\n \n8,892,333.01\n \n9,192,282.61\n \n9,163,326.94\n \n9,179,384.09\n \n9,432,073.48\n \n9,249,189.49\n \n9,796,911.59\n \n9,999,066.93\n \n10,698,817.40\n \n12,307,411.86\n \nTransferable Deposits\n5,740,288.03\n5,974,169.54\n6,311,005.04\n6,925,080.42\n7,317,443.43\n7,368,088.98\n7,703,301.37\n7,735,492.56\n7,748,956.93\n7,923,171.01\n \n7,782,391.98\n \n8,323,687.16\n \n8,562,013.77\n \n9,211,180.01\n \n10,695,596.51\n \n of which FCAs\n149,041.84\n139,613.34\n343,305.00\n \n418,087.02\n \n1,190,521.05\n \n1,417,836.22\n \n1,753,489.14\n \n3,031,536.97\n \nOther Deposits\n1,490,952.43\n \n1,374,640.48\n \n1,442,460.95\n \n1,459,140.37\n \n1,501,520.77\n \n1,524,244.03\n \n1,488,981.24\n \n1,427,834.38\n \n1,430,427.17\n1,508,902.47\n \n1,466,797.51\n1,473,224.43\n1,437,053.15\n1,487,637.39\n1,611,815.34\nMoney Market Instruments\n77,311.81\n \n83,964.91\n \n88,015.27\n \n66,844.08\n \n89,499.33\n \n66,484.46\n \n52,419.97\n \n61,703.77\n \n50,864.73\n \n58,584.04\n \n59,302.10\n \n71,792.12\n \n74,503.10\n \n90,813.24\n \n139,439.93\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( ZWL$ '000)\n \n \n \n16 \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\nGovernment\n1\nGovernemt\nOther\n2\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\n2017\nMar\n12.6\n \n66.4\n \n1,485.9\n \n260.5\n \n154.9\n \n53.5\n1,794.1\n18.7\n15.7\n3.8\n15.7\n15.7\n70.7\n3,460.5\n67.2\n422.4\n442.5\n635.1\n8,995.8\nApr\n10.7\n \n67.8\n \n1,495.2\n \n249.4\n \n219.3\n \n51.4\n1,954.0\n17.8\n15.8\n3.6\n15.8\n16.9\n74.5\n3,449.5\n24.6\n489.1\n398.8\n644.6\n9,199.0\nMay\n13.4\n \n56.9\n \n1,492.4\n \n272.5\n \n170.2\n \n75.3\n1,968.9\n20.3\n15.7\n33.6\n16.7\n16.3\n72.9\n3,447.8\n82.4\n486.1\n421.7\n644.4\n9,307.6\nJun\n7.4\n \n57.1\n \n1,674.9\n \n350.3\n \n92.1\n \n110.6\n2,014.2\n19.0\n16.0\n35.0\n47.9\n16.5\n82.9\n3,494.3\n92.8\n533.5\n408.9\n649.6\n9,702.8\nJul\n7.1\n \n45.2\n \n1,807.4\n \n302.3\n \n63.1\n \n103.6\n1,982.8\n17.2\n26.1\n34.4\n45.2\n16.9\n116.8\n3,417.1\n86.8\n513.6\n432.9\n635.8\n9,654.3\nAug\n12.3\n \n40.6\n \n2,061.9\n \n276.6\n \n165.3\n \n7.9\n2,100.9\n16.3\n26.3\n64.6\n41.3\n18.0\n145.5\n3,494.5\n78.6\n531.8\n403.7\n639.5\n10,125.5\nSep\n12.0\n \n38.1\n \n2,110.4\n \n226.8\n \n179.7\n \n31.3\n2,248.9\n16.1\n23.5\n65.0\n41.5\n15.6\n118.8\n3,554.4\n78.0\n472.8\n415.6\n655.1\n10,303.5\nOct\n8.7\n \n41.8\n \n2,139.3\n \n254.1\n \n190.8\n \n61.0\n2,372.1\n15.4\n24.4\n65.1\n34.8\n17.8\n99.6\n3,599.1\n82.0\n432.4\n459.3\n667.3\n10,564.9\nNov\n9.8\n \n46.1\n \n2,315.5\n \n289.8\n \n184.2\n \n74.3\n2,487.7\n18.8\n23.5\n65.4\n32.3\n19.6\n107.3\n3,608.7\n76.8\n417.7\n505.6\n672.5\n10,955.5\nDec\n12.6\n \n58.1\n \n2,592.0\n \n276.0\n \n213.4\n \n66.6\n2,397.2\n26.8\n23.5\n66.3\n29.4\n19.4\n145.5\n3,581.3\n92.2\n508.3\n509.3\n699.9\n11,317.7\n2018\nJan\n23.4\n \n66.9\n \n2,528.5\n \n291.2\n \n111.9\n \n81.9\n2,336.0\n34.5\n23.5\n65.9\n26.3\n20.6\n155.3\n3,461.2\n74.6\n501.0\n457.8\n700.8\n10,961.1\nFeb\n20.0\n \n46.8\n \n2,516.8\n \n347.6\n \n114.2\n \n96.2\n2,313.4\n33.5\n23.5\n66.1\n24.3\n21.1\n145.4\n3,527.1\n22.2\n507.8\n434.5\n697.8\n10,958.3\nMar\n16.7\n \n57.9\n \n2,457.7\n \n312.8\n \n139.2\n \n99.5\n2,434.8\n32.8\n23.5\n66.7\n19.2\n15.9\n127.5\n3,637.8\n24.2\n504.1\n487.4\n710.3\n11,168.1\nApr\n14.9\n \n61.9\n \n2,423.5\n \n337.0\n \n120.8\n \n78.5\n2,558.9\n32.0\n24.7\n67.0\n13.4\n20.9\n121.2\n3,674.0\n22.1\n532.0\n459.2\n715.7\n11,277.5\nMay\n14.2\n \n71.7\n \n2,543.0\n \n477.8\n \n138.6\n \n85.7\n2,814.9\n30.9\n25.0\n66.9\n8.4\n20.9\n134.4\n3,740.3\n12.0\n458.9\n457.2\n718.2\n11,819.1\nJun\n9.0\n \n58.5\n \n3,081.0\n \n509.8\n \n120.0\n \n84.1\n2,865.3\n30.1\n26.2\n66.5\n7.4\n19.4\n196.4\n3,829.3\n38.6\n551.4\n448.1\n730.7\n12,671.8\nJul\n20.6\n \n61.9\n \n3,450.6\n \n466.4\n \n111.6\n \n95.4\n3,291.4\n33.3\n0.0\n67.5\n4.5\n21.0\n182.0\n3,500.6\n153.9\n611.4\n472.5\n732.0\n13,276.5\nAug\n23.1\n \n72.3\n \n3,475.7\n \n377.8\n \n105.3\n \n66.3\n3,362.8\n32.2\n0.0\n67.3\n7.1\n20.6\n186.7\n3,585.1\n102.0\n647.7\n489.9\n736.1\n13,358.0\nSep\n18.2\n \n61.5\n \n3,781.6\n \n398.1\n \n159.1\n \n78.0\n3,145.7\n31.2\n45.2\n68.1\n5.4\n20.4\n212.2\n3,734.2\n119.7\n637.4\n527.8\n742.6\n13,786.4\nOct\n39.9\n \n70.4\n \n3,771.3\n \n368.3\n \n185.5\n \n51.4\n3,105.9\n30.2\n45.2\n68.4\n4.6\n9.4\n188.8\n3,838.0\n132.0\n647.5\n537.8\n743.0\n13,837.7\nNov\n30.6\n \n84.6\n \n3,696.3\n \n300.6\n \n209.8\n \n63.9\n3,172.9\n28.9\n45.2\n68.7\n7.0\n8.1\n217.7\n3,813.2\n141.9\n633.2\n581.9\n742.4\n13,846.8\nDec\n20.5\n \n94.5\n \n3,949.5\n \n439.6\n \n235.5\n \n74.8\n3,044.1\n28.0\n43.4\n69.2\n6.2\n9.2\n204.3\n3,870.5\n151.2\n573.8\n612.5\n812.4\n14,239.0\n2019\nJan\n49.0\n \n113.4\n \n3,901.0\n \n401.9\n \n261.6\n \n46.1\n3,038.3\n27.3\n94.6\n68.7\n4.4\n8.1\n189.2\n3,773.5\n109.1\n517.2\n592.3\n827.7\n14,023.5\nFeb\n59.7\n \n256.8\n \n3,764.8\n \n357.1\n \n570.4\n \n205.7\n3,076.4\n26.5\n60.5\n2.0\n5.8\n7.7\n208.3\n3,991.5\n100.5\n490.7\n669.1\n880.0\n14,733.6\nMar\n62.5\n \n263.2\n \n3,891.0\n \n432.9\n \n739.3\n \n55.1\n3,028.8\n25.5\n61.5\n4.5\n4.3\n9.5\n340.7\n3,845.0\n129.0\n523.7\n954.5\n1,205.2\n15,576.2\nApr\n45.2\n \n363.5\n \n4,153.9\n \n578.9\n \n1,031.9\n \n91.7\n2,921.3\n25.0\n61.8\n4.0\n4.0\n9.6\n407.8\n3,899.7\n131.9\n620.5\n1,135.4\n1,304.8\n16,790.9\nMay\n98.7\n \n484.2\n \n4,089.2\n \n694.1\n \n1,890.1\n \n154.1\n2,912.7\n23.9\n62.1\n4.2\n3.9\n9.4\n636.8\n4,303.9\n144.3\n910.1\n2,031.0\n1,532.3\n19,985.1\nSource:Reserve Bank of Zimbabwe,2019\nNotes\n1.Government securities includes treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\n3.Includes households, other financial corporations.\nPublic \nEnterprises\nTABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS\nZWL$ millions\nDebt Securities\nLoans and Advances\n \n \n \n17 \n \n \nDebt Securities Foreign Liabilities\nCapital\nContigent\nOther\nTOTAL\nand\nLiablities\nLiablities\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Mar\n3,429.2\n715.7\n1,529.9\n5,674.7\n461.0\n86.9\n6,222.6\n60.2\n249.6\n1.8\n134.9\n41.9\n1,426.8\n422.4\n435.7\n8,995.8\n Apr\n3,555.8\n813.7\n1,530.7\n5,900.2\n450.9\n76.2\n6,427.3\n63.3\n251.1\n0.0\n117.4\n41.9\n1,382.2\n489.1\n426.7\n9,199.0\n May\n3,593.7\n798.7\n1,558.4\n5,950.8\n454.6\n75.1\n6,480.5\n61.4\n243.5\n0.0\n95.2\n42.2\n1,448.6\n486.1\n450.1\n9,307.6\n Jun\n3,851.4\n825.6\n1,538.9\n6,215.9\n497.6\n73.7\n6,787.2\n65.7\n259.5\n0.0\n108.9\n46.6\n1,455.9\n533.5\n445.6\n9,702.8\n Jul\n3,845.0\n837.2\n1,600.1\n6,282.3\n503.0\n78.1\n6,863.3\n66.3\n162.2\n0.0\n99.5\n35.6\n1,463.2\n513.6\n450.7\n9,654.3\n Aug\n4,257.2\n927.5\n1,604.9\n6,789.6\n451.2\n88.3\n7,329.1\n71.1\n158.2\n0.0\n79.1\n22.8\n1,478.4\n531.8\n454.9\n10,125.5\n Sep\n4,622.2\n932.4\n1,571.4\n7,126.0\n383.4\n55.2\n7,564.6\n55.8\n151.1\n0.0\n67.4\n32.1\n1,494.5\n472.8\n465.2\n10,303.5\n Oct\n4,825.8\n1,010.8\n1,460.8\n7,297.4\n410.7\n43.1\n7,751.2\n63.0\n153.9\n0.0\n73.1\n42.0\n1,537.5\n432.4\n511.7\n10,564.9\n Nov\n5,090.7\n1,047.9\n1,450.2\n7,588.7\n454.9\n34.7\n8,078.3\n66.5\n151.3\n0.0\n84.5\n60.2\n1,562.7\n417.7\n534.3\n10,955.5\n Dec\n5,144.5\n1,127.4\n1,401.7\n7,673.6\n407.8\n94.6\n8,176.0\n68.6\n173.1\n113.7\n100.7\n6.2\n1,663.1\n508.3\n508.1\n11,317.7\n2018\nJan\n4,640.2\n1,008.1\n1,454.0\n7,102.2\n406.5\n107.3\n7,616.1\n65.1\n444.8\n115.1\n49.1\n2.6\n1,645.3\n501.0\n522.1\n10,961.1\nFeb\n4,633.7\n989.2\n1,458.8\n7,081.7\n418.7\n101.2\n7,601.7\n75.4\n435.4\n111.2\n92.8\n2.9\n1,620.1\n507.8\n511.0\n10,958.3\nMar\n4,732.9\n1,007.5\n1,491.0\n7,231.4\n365.0\n114.7\n7,711.0\n77.3\n460.8\n140.5\n89.2\n6.9\n1,654.7\n504.1\n523.4\n11,168.1\nApr\n4,907.7\n1,066.6\n1,374.6\n7,349.0\n387.8\n95.6\n7,832.3\n84.0\n453.1\n82.4\n68.8\n16.1\n1,641.9\n532.0\n567.0\n11,277.5\nMay\n5,172.9\n1,138.2\n1,442.5\n7,753.6\n442.8\n107.4\n8,303.8\n88.0\n554.0\n101.5\n94.9\n19.9\n1,671.5\n458.9\n526.5\n11,819.1\nJune\n5,650.6\n1,274.7\n1,459.1\n8,384.4\n438.0\n89.2\n8,911.6\n66.8\n554.0\n119.8\n173.4\n21.6\n1,707.5\n551.4\n565.7\n12,671.8\nJuly\n5,902.3\n1,415.3\n1,501.5\n8,819.1\n424.4\n33.1\n9,276.7\n89.5\n545.1\n118.9\n132.9\n32.6\n1,846.0\n611.4\n623.4\n13,276.5\nAug\n6,005.7\n1,362.6\n1,524.2\n8,892.5\n399.6\n32.4\n9,324.5\n66.5\n535.4\n137.0\n119.5\n33.3\n1,882.9\n647.7\n611.2\n13,358.0\nSep\n6,281.7\n1,421.8\n1,489.0\n9,192.4\n439.0\n44.6\n9,676.1\n52.4\n559.4\n142.2\n129.1\n46.6\n1,913.4\n637.4\n629.7\n13,786.4\nOct\n6,345.7\n1,390.0\n1,427.8\n9,163.5\n435.2\n52.2\n9,650.8\n61.7\n581.4\n147.6\n93.4\n42.0\n1,957.6\n647.5\n655.7\n13,837.7\nNov\n6,419.8\n1,329.4\n1,430.4\n9,179.6\n366.8\n48.7\n9,595.1\n50.9\n543.1\n213.7\n74.8\n42.3\n1,991.6\n633.2\n702.1\n13,846.8\nDec\n6,601.1\n1,322.2\n1,508.9\n9,432.2\n394.5\n41.3\n9,868.0\n58.6\n524.7\n229.6\n187.8\n39.0\n2,057.7\n573.8\n699.7\n14,239.0\n2019\nJan\n6,626.6\n1,155.9\n1,466.8\n9,249.4\n381.0\n42.2\n9,672.5\n59.3\n530.5\n239.5\n188.3\n39.2\n2,047.0\n517.2\n729.8\n14,023.5\nFeb\n7,168.7\n1,155.1\n1,473.2\n9,797.1\n387.8\n44.5\n10,229.3\n71.8\n782.0\n158.9\n151.7\n42.6\n2,145.1\n490.7\n661.5\n14,733.6\nMar\n7,435.2\n1,127.0\n1,437.1\n9,999.2\n372.7\n47.9\n10,419.9\n74.5\n933.8\n165.8\n140.9\n42.7\n2,349.0\n523.7\n925.8\n15,576.2\nApr\n7,968.0\n1,243.3\n1,795.8\n11,007.1\n390.9\n55.9\n11,453.8\n90.8\n652.7\n148.3\n173.5\n28.8\n2,551.4\n620.5\n1,071.0\n16,790.9\nMay\n9,316.8\n1,379.0\n1,932.4\n12,628.2\n462.9\n48.9\n13,139.9\n139.4\n1,053.9\n148.8\n206.7\n46.5\n2,556.6\n910.1\n1,783.2\n19,985.1\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES \nDeposits\nAmounts Owing to\nZWL$ millions\n \n \n \n18 \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\nLocal Governemt\nPublic Enterprises\nOther2\nGovernment\nGovernment\nEnterprises\n Institutional Units3\nOther claims\nAssets\nOther Assets\nAssets\nCoins\nCoin\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJan\n17.7\n \n103.8\n \n1,322.4\n \n81.9\n \n128.2\n \n27.0\n \n1,485.0\n \n-\n \n15.4\n \n3.6\n \n15.9\n \n15.1\n \n68.6\n \n2,467.7\n \n53.9\n \n395.7\n \n251.9\n \n479.3\n \n6,933.1\n \nFeb\n16.3\n \n89.4\n \n1,396.1\n \n96.1\n \n137.3\n \n48.6\n \n1,502.5\n \n-\n \n15.5\n \n3.2\n \n15.0\n \n14.9\n \n68.2\n \n2,238.9\n \n239.7\n \n398.5\n \n266.0\n \n480.1\n \n7,026.4\n \nMar\n10.7\n \n63.3\n \n1,421.4\n \n83.2\n \n150.7\n \n53.5\n \n1,578.7\n \n-\n \n15.7\n \n3.8\n \n15.7\n \n15.7\n \n69.9\n \n2,554.3\n \n23.7\n \n422.4\n \n314.5\n \n484.0\n \n7,281.0\n \nApr\n9.8\n \n64.1\n \n1,383.4\n \n75.9\n \n209.0\n \n51.4\n \n1,744.4\n \n-\n \n15.8\n \n3.6\n \n15.8\n \n16.9\n \n74.0\n \n2,493.3\n \n26.4\n \n489.1\n \n263.7\n \n492.6\n \n7,429.3\n \nMay\n12.4\n \n52.6\n \n1,376.3\n \n119.9\n \n159.1\n \n75.3\n \n1,739.8\n \n-\n \n15.7\n \n33.6\n \n16.7\n \n16.3\n \n72.4\n \n2,528.3\n \n28.4\n \n486.1\n \n290.7\n \n492.0\n \n7,515.6\n \nJun\n7.0\n \n53.3\n \n1,578.5\n \n141.4\n \n82.2\n \n110.6\n \n1,786.8\n \n-\n \n16.0\n \n35.0\n \n47.9\n \n16.5\n \n82.2\n \n2,583.5\n \n23.9\n \n533.5\n \n273.6\n \n497.3\n \n7,869.2\n \nJul\n6.7\n \n40.9\n \n1,684.5\n \n137.6\n \n53.7\n \n103.6\n \n1,752.4\n \n-\n \n26.1\n \n34.4\n \n45.2\n \n16.9\n \n116.3\n \n2,495.4\n \n24.2\n \n513.6\n \n295.5\n \n482.1\n \n7,829.0\n \nAug\n11.8\n \n37.1\n \n1,882.4\n \n124.3\n \n161.2\n \n7.9\n \n1,856.2\n \n-\n \n26.3\n \n64.6\n \n41.3\n \n18.0\n \n145.0\n \n2,538.1\n \n23.8\n \n531.8\n \n272.6\n \n485.7\n \n8,228.1\n \nSep\n11.4\n \n35.8\n \n1,961.8\n \n109.6\n \n172.7\n \n31.3\n \n1,998.0\n \n-\n \n23.5\n \n65.0\n \n41.5\n \n15.6\n \n118.2\n \n2,585.7\n \n28.3\n \n472.8\n \n281.3\n \n487.7\n \n8,440.0\n \nOct\n8.1\n \n40.5\n \n1,961.8\n \n143.7\n \n175.7\n \n61.0\n \n2,106.6\n \n-\n \n24.4\n \n65.1\n \n34.8\n \n17.8\n \n99.1\n \n2,607.0\n \n29.4\n \n432.4\n \n287.8\n \n508.9\n \n8,604.1\n \nNov\n9.0\n \n45.1\n \n2,126.7\n \n161.1\n \n174.7\n \n74.3\n \n2,230.4\n \n-\n \n23.5\n \n65.4\n \n32.3\n \n19.6\n \n106.9\n \n2,618.1\n \n26.4\n \n417.7\n \n324.2\n \n511.4\n \n8,966.9\n \nDec\n11.4\n \n55.3\n \n2,373.9\n \n141.5\n \n203.5\n \n66.6\n \n2,128.7\n \n-\n \n23.5\n \n66.3\n \n29.4\n \n19.4\n \n145.0\n \n2,579.8\n \n40.0\n \n508.3\n \n324.5\n \n536.4\n \n9,253.6\n \n2018\nJan\n22.4\n \n64.1\n \n2,294.5\n \n192.1\n \n103.4\n \n81.9\n \n2,143.2\n \n-\n \n23.5\n \n65.9\n \n26.3\n \n20.6\n \n154.8\n \n2,451.1\n \n28.7\n \n501.0\n \n294.2\n \n538.9\n \n9,006.6\n \nFeb\n18.3\n \n44.0\n \n2,296.8\n \n223.7\n \n108.3\n \n96.2\n \n2,109.3\n \n-\n \n23.5\n \n66.1\n \n24.3\n \n21.1\n \n145.0\n \n2,461.5\n \n28.7\n \n507.8\n \n290.6\n \n536.3\n \n9,001.5\n \nMar\n14.8\n \n53.6\n \n2,238.8\n \n240.7\n \n124.5\n \n99.5\n \n2,164.0\n \n-\n \n23.5\n \n66.7\n \n19.2\n \n15.9\n \n127.1\n \n2,535.8\n \n30.4\n \n504.1\n \n325.8\n \n552.3\n \n9,136.6\n \nApr\n13.5\n \n56.7\n \n2,207.9\n \n275.0\n \n116.7\n \n78.5\n \n2,314.9\n \n-\n \n24.7\n \n67.0\n \n13.4\n \n20.9\n \n120.8\n \n2,519.8\n \n28.3\n \n532.0\n \n299.0\n \n554.9\n \n9,244.0\n \nMay\n12.9\n \n62.8\n \n2,309.0\n \n339.5\n \n130.1\n \n85.7\n \n2,562.4\n \n-\n \n25.0\n \n66.9\n \n8.4\n \n20.9\n \n134.0\n \n2,556.2\n \n23.9\n \n458.9\n \n307.9\n \n555.3\n \n9,659.8\n \nJune\n7.5\n \n52.6\n \n2,848.5\n \n331.8\n \n117.3\n \n84.1\n \n2,538.3\n \n-\n \n26.2\n \n66.5\n \n7.4\n \n19.4\n \n196.0\n \n2,662.2\n \n25.5\n \n551.4\n \n302.9\n \n563.4\n \n10,401.0\n \nJuly\n17.9\n \n54.3\n \n3,189.6\n \n281.1\n \n109.3\n \n95.4\n \n2,949.2\n \n-\n \n-\n \n67.5\n \n4.5\n \n21.0\n \n182.0\n \n2,414.6\n \n26.0\n \n611.4\n \n322.5\n \n565.1\n \n10,911.4\n \nAug\n21.0\n \n67.8\n \n3,196.7\n \n232.3\n \n102.5\n \n66.3\n \n3,014.9\n \n-\n \n-\n \n67.3\n \n7.1\n \n20.6\n \n186.7\n \n2,491.0\n \n29.8\n \n647.7\n \n329.4\n \n566.3\n \n11,047.4\n \nSep\n16.3\n \n58.2\n \n3,487.9\n \n305.3\n \n137.8\n \n78.0\n \n2,789.8\n \n-\n \n45.2\n \n68.1\n \n5.4\n \n20.4\n \n212.2\n \n2,577.1\n \n36.7\n \n637.4\n \n357.4\n \n571.8\n \n11,405.0\n \nOct\n33.1\n \n68.0\n \n3,505.8\n \n272.1\n \n173.1\n \n51.4\n \n2,728.8\n \n-\n \n45.2\n \n68.4\n \n4.6\n \n9.4\n \n188.8\n \n2,697.4\n \n38.7\n \n647.5\n \n353.2\n \n569.2\n \n11,454.9\n \nNov\n25.8\n \n81.4\n \n3,384.4\n \n264.6\n \n198.2\n \n63.9\n \n2,793.9\n \n-\n \n45.2\n \n68.7\n \n7.0\n \n8.1\n \n217.7\n \n2,672.3\n \n46.1\n \n633.2\n \n406.6\n \n569.8\n \n11,486.9\n \nDec\n18.2\n \n89.9\n \n3,737.0\n \n317.3\n \n224.4\n \n74.8\n \n2,633.7\n \n-\n \n43.4\n \n69.2\n \n6.2\n \n9.2\n \n204.3\n \n2,707.6\n \n53.7\n \n573.8\n \n406.2\n \n633.9\n \n11,802.7\n \n2019\nJan\n42.05\n \n106.91\n \n3,766.70\n \n338.09\n \n249.77\n \n46.14\n \n2,621.20\n \n-\n \n61.02\n \n68.66\n \n4.41\n \n8.06\n \n189.15\n \n2,594.53\n \n33.84\n \n517.24\n \n428.82\n \n649.94\n \n11,726.5\n \nFeb\n52.63\n \n238.67\n \n3,601.94\n \n293.36\n \n549.59\n \n205.65\n \n2,675.29\n \n-\n \n60.52\n \n2.00\n \n5.84\n \n7.71\n \n208.31\n \n2,784.17\n \n31.04\n \n490.74\n \n472.78\n \n696.82\n \n12,377.1\n \nMar\n59.17\n \n244.62\n \n3,729.81\n \n393.22\n \n712.08\n \n55.05\n \n2,635.68\n \n-\n \n61.52\n \n4.53\n \n4.27\n \n9.53\n \n340.66\n \n2,660.90\n \n25.33\n \n523.72\n \n755.57\n \n971.53\n \n13,187.2\n \nApr\n40.82\n \n331.97\n \n3,876.83\n \n492.10\n \n981.80\n \n91.75\n \n2,590.97\n \n-\n \n61.79\n \n3.95\n \n3.98\n \n9.62\n \n407.85\n \n2,721.57\n \n24.55\n \n620.52\n \n935.27\n \n1,002.47\n \n14,197.8\n \nMay\n94.59\n \n444.70\n \n3,886.07\n \n571.50\n \n1,747.69\n \n154.08\n \n2,508.43\n \n-\n \n62.12\n \n4.20\n \n3.93\n \n9.43\n \n636.78\n \n3,056.86\n \n34.46\n \n910.14\n \n1,832.95\n \n1,142.77\n \n17,100.7\n \nSource:Reserve Bank of Zimbabwe,2019\nNotes\n1.Government securities include treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\n3.Includes households, other financial corporations, \nTABLE 5.1: COMMERCIAL BANKS -ASSETS\nZWL$ millions\nDebt Securities\nLoans and Advances\n \n \n \n19 \n \n \nZWL$ millions\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \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\n2017\n Jan\n3,205.0\n317.1\n981.8\n4,503.9\n348.3\n30.4\n4,882.6\n36.9\n242.1\n0.0\n38.0\n40.4\n1,005.1\n395.7\n292.2\n6,933.1\n Feb\n3,267.0\n318.3\n977.1\n4,562.4\n349.8\n32.6\n4,944.9\n47.5\n243.9\n0.0\n63.7\n42.9\n1,007.7\n398.5\n277.4\n7,026.4\n Mar\n3,370.3\n313.3\n965.3\n4,648.9\n390.8\n64.2\n5,103.9\n50.6\n225.6\n1.8\n66.3\n41.5\n1,061.6\n422.4\n307.3\n7,281.0\n Apr\n3,496.9\n328.5\n960.8\n4,786.1\n380.3\n54.3\n5,220.7\n52.8\n228.3\n0.0\n63.3\n41.7\n1,034.4\n489.1\n299.0\n7,429.3\n May\n3,534.8\n331.2\n979.7\n4,845.7\n384.0\n53.4\n5,283.1\n50.8\n220.4\n0.0\n29.0\n41.9\n1,092.7\n486.1\n311.6\n7,515.6\n Jun\n3,792.5\n332.7\n949.8\n5,075.1\n423.9\n51.7\n5,550.7\n54.9\n237.5\n0.0\n43.7\n45.8\n1,095.2\n533.5\n308.0\n7,869.2\n Jul\n3,786.1\n326.0\n1,021.7\n5,133.8\n432.5\n56.2\n5,622.6\n55.3\n140.0\n0.0\n42.2\n35.3\n1,096.8\n513.6\n323.2\n7,829.0\n Aug\n4,198.3\n342.7\n1,010.3\n5,551.4\n380.7\n66.3\n5,998.3\n58.3\n136.9\n0.0\n41.8\n22.5\n1,116.1\n531.8\n322.4\n8,228.1\n Sep\n4,561.7\n355.5\n1,003.7\n5,921.0\n303.1\n32.7\n6,256.8\n42.3\n133.7\n0.0\n50.4\n31.9\n1,129.8\n472.8\n322.3\n8,440.0\n Oct\n4,771.6\n340.7\n927.8\n6,040.2\n329.8\n21.1\n6,391.1\n50.8\n127.5\n0.0\n52.5\n41.7\n1,167.6\n432.4\n340.5\n8,604.1\n Nov\n5,036.5\n380.1\n918.9\n6,335.5\n349.5\n12.7\n6,697.6\n54.0\n124.7\n0.0\n61.8\n59.9\n1,189.6\n417.7\n361.6\n8,966.9\n Dec\n5,143.9\n409.2\n850.3\n6,403.4\n302.6\n72.1\n6,778.1\n56.5\n147.2\n113.7\n78.0\n5.7\n1,205.7\n508.3\n360.4\n9,253.6\n2018\nJan\n4,640.2\n369.3\n903.3\n5,912.7\n301.3\n85.0\n6,299.0\n53.6\n418.7\n115.1\n26.2\n2.4\n1,205.0\n501.0\n385.6\n9,006.6\nFeb\n4,633.7\n375.8\n920.2\n5,929.7\n298.5\n78.6\n6,306.8\n58.1\n409.1\n111.2\n59.1\n2.4\n1,174.8\n507.8\n372.1\n9,001.5\nMar\n4,732.9\n368.8\n930.7\n6,032.4\n244.7\n92.4\n6,369.5\n61.1\n419.5\n140.5\n54.8\n6.4\n1,196.4\n504.1\n384.3\n9,136.6\nApr\n4,907.7\n394.4\n874.8\n6,176.9\n243.4\n72.8\n6,493.1\n67.4\n413.5\n82.4\n35.2\n15.7\n1,201.5\n532.0\n403.4\n9,244.0\nMay\n5,172.9\n416.2\n917.2\n6,506.3\n246.2\n85.2\n6,837.7\n66.8\n514.1\n101.5\n63.7\n19.4\n1,224.6\n458.9\n373.2\n9,659.8\nJun\n5,650.6\n504.3\n897.4\n7,052.2\n254.8\n66.9\n7,373.9\n45.0\n514.7\n119.8\n116.5\n21.1\n1,259.1\n551.4\n399.5\n10,401.0\nJul\n5,902.3\n527.0\n901.0\n7,330.3\n296.0\n12.2\n7,638.4\n72.0\n507.6\n118.9\n102.5\n16.8\n1,380.1\n611.4\n463.6\n10,911.4\nAug\n6,005.7\n540.8\n930.8\n7,477.3\n266.6\n11.5\n7,755.3\n46.4\n501.5\n137.0\n101.3\n15.4\n1,408.6\n647.7\n434.3\n11,047.4\nSep\n6,281.7\n556.4\n927.2\n7,765.3\n273.0\n23.5\n8,061.8\n40.9\n503.5\n142.2\n108.4\n21.1\n1,434.8\n637.4\n454.9\n11,405.0\nOct\n6,340.3\n509.5\n898.1\n7,747.9\n284.2\n31.1\n8,063.2\n49.3\n525.1\n147.6\n72.2\n16.5\n1,461.0\n647.5\n472.6\n11,454.9\nNov\n6,411.0\n503.9\n861.0\n7,775.9\n232.8\n27.6\n8,036.4\n41.2\n487.5\n213.7\n58.6\n17.8\n1,490.0\n633.2\n508.4\n11,486.9\nDec\n6,582.3\n495.0\n910.9\n7,988.3\n255.0\n19.7\n8,262.9\n43.3\n469.5\n229.6\n147.5\n15.6\n1,551.3\n573.8\n509.2\n11,802.7\n2019\nJan\n6,603.6\n440.8\n919.5\n7,964.0\n240.5\n20.5\n8,225.0\n42.6\n475.0\n239.5\n130.2\n14.4\n1,545.2\n517.2\n537.2\n11,726.5\nFeb\n7,129.0\n426.7\n923.8\n8,479.6\n248.9\n22.8\n8,751.4\n57.3\n647.5\n158.9\n119.1\n14.4\n1,626.6\n490.7\n511.1\n12,377.0\nMar\n7,350.5\n451.8\n915.0\n8,717.3\n225.9\n26.4\n8,969.6\n56.8\n778.3\n165.8\n108.4\n17.0\n1,804.3\n523.7\n763.2\n13,187.2\nApr\n7,861.8\n447.1\n1,280.5\n9,589.3\n260.3\n34.4\n9,884.1\n76.0\n487.7\n148.3\n145.3\n14.8\n1,935.7\n620.5\n885.4\n14,197.8\nMay\n9,143.2\n544.3\n1,412.7\n11,100.2\n309.4\n27.5\n11,437.1\n126.8\n789.2\n148.8\n164.7\n16.0\n1,916.9\n910.1\n1,591.0\n17,100.7\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 5.2 : COMMERCIAL BANKS - LIABILITIES\nDeposits\nAmounts Owing to\n \n \n \n20 \n \n \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\nLocal Governemt\nPublic Enterprises\nOther2\nMortgages\nGovernment\nOther\nCoins\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJan\n2.4\n \n7.0\n \n109.6\n \n157.7\n \n4.3\n \n-\n \n123.7\n \n20.8\n \n-\n \n-\n \n389.1\n \n-\n \n406.1\n \n106.3\n \n124.4\n \n1,451.4\n \nFeb\n1.2\n \n7.3\n \n69.3\n \n155.6\n \n7.4\n \n-\n \n162.0\n \n20.1\n \n-\n \n-\n \n394.4\n \n-\n \n410.1\n \n109.0\n \n124.2\n \n1,460.4\n \nMar\n1.6\n \n3.1\n \n35.5\n \n177.2\n \n4.0\n \n-\n \n164.2\n \n18.7\n \n-\n \n-\n \n404.4\n \n-\n \n413.0\n \n102.8\n \n124.2\n \n1,448.6\n \nApr\n0.7\n \n3.6\n \n73.4\n \n173.3\n \n9.8\n \n-\n \n158.6\n \n17.8\n \n-\n \n-\n \n392.5\n \n-\n \n432.3\n \n109.7\n \n125.1\n \n1,496.8\n \nMay\n0.9\n \n3.9\n \n81.5\n \n152.3\n \n10.8\n \n-\n \n168.2\n \n20.3\n \n-\n \n-\n \n394.4\n \n-\n \n451.1\n \n105.9\n \n126.1\n \n1,515.4\n \nJun\n0.3\n \n3.7\n \n65.9\n \n208.8\n \n9.8\n \n-\n \n165.3\n \n19.0\n \n-\n \n-\n \n387.6\n \n-\n \n452.9\n \n109.6\n \n126.0\n \n1,548.8\n \nJul\n0.4\n \n3.9\n \n105.8\n \n164.6\n \n9.2\n \n-\n \n168.4\n \n17.2\n \n-\n \n-\n \n391.9\n \n-\n \n451.9\n \n110.9\n \n127.3\n \n1,551.5\n \nAug\n0.4\n \n3.1\n \n142.8\n \n152.0\n \n3.9\n \n-\n \n186.7\n \n16.3\n \n-\n \n-\n \n409.3\n \n-\n \n465.5\n \n104.7\n \n127.2\n \n1,611.9\n \nSep\n0.6\n \n1.8\n \n108.4\n \n117.0\n \n6.7\n \n-\n \n193.0\n \n16.1\n \n-\n \n-\n \n412.7\n \n-\n \n475.2\n \n113.4\n \n130.1\n \n1,574.8\n \nOct\n0.6\n \n1.1\n \n145.7\n \n110.0\n \n14.8\n \n-\n \n193.9\n \n15.4\n \n-\n \n-\n \n420.7\n \n-\n \n493.6\n \n149.9\n \n130.4\n \n1,676.0\n \nNov\n0.7\n \n0.9\n \n138.8\n \n128.4\n \n8.7\n \n-\n \n193.6\n \n18.8\n \n-\n \n-\n \n420.9\n \n-\n \n489.0\n \n160.4\n \n133.0\n \n1,693.3\n \nDec\n1.0\n \n2.6\n \n170.6\n \n134.3\n \n9.1\n \n-\n \n195.1\n \n26.8\n \n-\n \n-\n \n402.3\n \n-\n \n516.8\n \n163.2\n \n135.5\n \n1,757.3\n \n2018\nJan\n0.9\n \n2.3\n \n197.4\n \n98.7\n \n7.8\n \n-\n \n129.8\n \n34.5\n \n-\n \n-\n \n413.2\n \n-\n \n508.7\n \n144.9\n \n136.1\n \n1,674.3\n \nFeb\n1.5\n \n1.8\n \n172.4\n \n123.5\n \n5.5\n \n-\n \n141.3\n \n33.5\n \n-\n \n-\n \n414.8\n \n-\n \n507.9\n \n125.7\n \n135.7\n \n1,663.6\n \nMar\n1.4\n \n3.4\n \n175.9\n \n72.1\n \n14.1\n \n-\n \n212.6\n \n32.8\n \n-\n \n-\n \n411.4\n \n-\n \n539.4\n \n142.8\n \n132.3\n \n1,738.2\n \nApr\n1.1\n \n4.3\n \n185.5\n \n61.9\n \n3.6\n \n-\n \n184.4\n \n32.0\n \n-\n \n-\n \n413.3\n \n-\n \n582.7\n \n141.6\n \n135.2\n \n1,745.7\n \nMay\n1.0\n \n7.6\n \n196.3\n \n138.2\n \n8.1\n \n-\n \n191.0\n \n30.9\n \n-\n \n-\n \n415.0\n \n-\n \n608.4\n \n128.1\n \n137.4\n \n1,862.0\n \nJune\n1.2\n \n4.9\n \n188.6\n \n177.8\n \n1.9\n \n-\n \n266.2\n \n30.1\n \n-\n \n-\n \n413.9\n \n-\n \n614.3\n \n124.0\n \n141.5\n \n1,964.5\n \nJuly\n1.8\n \n6.6\n \n207.1\n \n185.1\n \n1.7\n \n-\n \n283.2\n \n33.3\n \n-\n \n-\n \n423.5\n \n-\n \n636.1\n \n128.2\n \n141.1\n \n2,047.7\n \nAug\n1.6\n \n3.7\n \n224.7\n \n145.3\n \n2.4\n \n-\n \n288.9\n \n32.2\n \n-\n \n-\n \n428.2\n \n-\n \n579.4\n \n139.1\n \n143.7\n \n1,989.2\n \nSep\n1.9\n \n2.9\n \n245.6\n \n92.6\n \n20.8\n \n-\n \n291.1\n \n31.2\n \n-\n \n-\n \n430.3\n \n-\n \n650.2\n \n148.1\n \n144.4\n \n2,059.1\n \nOct\n4.9\n \n2.1\n \n220.0\n \n95.8\n \n11.9\n \n-\n \n318.9\n \n30.2\n \n-\n \n-\n \n427.7\n \n-\n \n639.8\n \n154.2\n \n147.0\n \n2,052.5\n \nNov\n3.6\n \n2.9\n \n243.3\n \n35.7\n \n10.4\n \n-\n \n320.7\n \n28.9\n \n-\n \n-\n \n433.5\n \n-\n \n635.7\n \n148.0\n \n145.8\n \n2,008.5\n \nDec\n2.3\n \n4.3\n \n157.4\n \n121.3\n \n10.4\n \n-\n \n339.4\n \n28.0\n \n-\n \n-\n \n444.8\n \n-\n \n645.9\n \n179.7\n \n151.9\n \n2,085.6\n \n2019\nJan\n6.3\n \n4.6\n108.2\n \n63.5\n10.9\n \n-\n \n343.8\n \n27.3\n33.6\n \n-\n \n438.0\n \n-\n \n649.3\n \n136.7\n151.2\n \n1,973.3\n \nFeb\n5.4\n \n17.6\n120.6\n \n62.8\n18.1\n \n-\n \n339.6\n \n26.5\n-\n \n-\n \n416.1\n \n-\n \n696.1\n \n171.1\n156.7\n \n2,030.8\n \nMar\n2.6\n \n18.0\n126.3\n \n38.6\n23.9\n \n-\n \n331.7\n \n25.5\n-\n \n-\n \n415.1\n \n-\n \n710.1\n \n172.1\n207.4\n \n2,071.2\n \nApr\n3.7\n \n30.6\n220.3\n \n85.0\n47.6\n \n-\n \n271.6\n \n25.0\n-\n \n-\n \n414.1\n \n-\n \n705.0\n \n169.0\n276.2\n \n2,247.8\n \nMay\n3.9\n \n38.4\n162.2\n \n115.4\n139.0\n \n-\n \n345.5\n \n23.9\n-\n \n-\n \n406.2\n \n-\n \n776.6\n \n165.7\n363.4\n \n2,540.1\n \nSource:Reserve Bank of Zimbabwe,2019\nNotes\n1.Government securities include treasuary bills and bonds\n2.Includes bankers acceptances, discounted bills and negotiable certificates of deposits.\n3.Includes households, other financial corporations, \nTABLE 6.1: BUILDING SOCIETIES -ASSETS\nZWL$ millions\nDebt Securities\nLoans and Advances\n \n \n \n21 \n \n \nDebt Securities\nForeign Liabilities\nCapital\nOther\nTOTAL\nand\nLiablities\nEnd of\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Jan\n326.2\n522.1\n848.2\n81.5\n16.6\n946.4\n25.0\n29.1\n0.0\n66.5\n0.7\n332.1\n51.7\n1,451.4\n Feb\n326.1\n534.4\n860.5\n76.2\n16.6\n953.3\n23.1\n27.0\n0.0\n62.4\n0.5\n334.5\n59.7\n1,460.4\n Mar\n319.7\n523.2\n842.9\n70.2\n16.7\n929.9\n20.9\n24.0\n0.0\n68.5\n0.3\n340.7\n64.3\n1,448.6\n Apr\n399.6\n527.1\n926.6\n70.6\n16.0\n1,013.2\n21.8\n22.8\n0.0\n54.0\n0.2\n322.5\n62.3\n1,496.8\n May\n378.0\n536.0\n914.0\n70.7\n16.1\n1,000.8\n21.8\n23.0\n0.0\n66.2\n0.4\n325.8\n77.4\n1,515.4\n Jun\n401.8\n544.4\n946.2\n70.7\n16.5\n1,033.4\n22.0\n22.0\n0.0\n65.2\n0.8\n330.0\n75.4\n1,548.8\n Jul\n430.3\n531.5\n961.8\n70.4\n16.1\n1,048.3\n22.2\n22.2\n0.0\n57.3\n0.3\n334.5\n66.8\n1,551.5\n Aug\n495.3\n546.5\n1,041.8\n70.6\n16.3\n1,128.6\n24.0\n21.3\n0.0\n37.4\n0.4\n328.9\n71.4\n1,611.9\n Sep\n488.5\n517.9\n1,006.5\n80.3\n16.7\n1,103.4\n24.8\n17.4\n0.0\n17.0\n0.2\n334.0\n78.0\n1,574.8\n Oct\n583.1\n475.2\n1,058.3\n80.9\n16.2\n1,155.4\n23.4\n26.4\n0.0\n20.6\n0.3\n338.0\n111.8\n1,676.0\n Nov\n570.3\n473.5\n1,043.8\n105.4\n16.3\n1,165.4\n23.7\n26.6\n0.0\n22.7\n0.3\n341.5\n113.0\n1,693.3\n Dec\n608.2\n496.6\n1,104.9\n105.2\n16.5\n1,226.6\n23.4\n25.9\n0.0\n22.7\n0.5\n371.7\n86.7\n1,757.3\n2018\nJan\n544.7\n497.1\n1,041.7\n105.2\n16.4\n1,163.3\n22.8\n26.1\n0.0\n22.9\n0.2\n362.1\n77.0\n1,674.3\nFeb\n512.0\n480.5\n992.5\n120.3\n16.8\n1,129.5\n28.5\n26.3\n0.0\n33.6\n0.5\n366.0\n79.2\n1,663.6\nMar\n535.1\n507.8\n1,042.9\n120.3\n16.5\n1,179.7\n27.5\n41.3\n0.0\n34.5\n0.5\n378.2\n76.5\n1,738.2\nApr\n568.0\n452.6\n1,020.5\n144.4\n17.0\n1,181.9\n27.9\n39.7\n0.0\n33.6\n0.4\n358.5\n103.7\n1,745.7\nMay\n613.8\n475.1\n1,089.0\n196.6\n16.4\n1,302.0\n32.4\n40.0\n0.0\n31.2\n0.5\n363.1\n92.8\n1,862.0\nJune\n658.5\n507.9\n1,166.5\n183.2\n16.4\n1,366.0\n33.1\n39.3\n0.0\n56.9\n0.4\n363.5\n105.2\n1,964.5\nJuly\n770.2\n542.9\n1,313.1\n128.5\n15.0\n1,456.6\n28.7\n37.5\n0.0\n30.4\n15.8\n378.9\n99.8\n2,047.7\nAug\n703.4\n534.7\n1,238.0\n133.0\n15.0\n1,386.0\n31.3\n33.9\n0.0\n18.3\n17.9\n385.8\n116.0\n1,989.2\nSep\n749.8\n502.3\n1,252.2\n166.0\n15.1\n1,433.2\n22.8\n55.9\n0.0\n20.7\n25.5\n388.6\n112.3\n2,059.1\nOct\n772.5\n471.9\n1,244.4\n151.0\n15.1\n1,410.5\n23.7\n56.3\n0.0\n21.2\n25.5\n389.9\n125.4\n2,052.5\nNov\n699.9\n511.9\n1,211.9\n134.0\n15.1\n1,360.9\n21.0\n55.6\n0.0\n16.2\n24.5\n396.1\n134.2\n2,008.5\nDec\n713.2\n540.0\n1,253.1\n139.6\n15.1\n1,407.8\n26.5\n55.3\n0.0\n40.2\n23.4\n400.1\n132.3\n2,085.6\n2019\nJan\n633.8\n490.2\n1,124.0\n140.5\n15.0\n1,279.6\n27.9\n55.5\n0.0\n58.1\n24.8\n392.8\n134.7\n1,973.3\nFeb\n661.3\n492.3\n1,153.6\n138.8\n15.0\n1,307.4\n25.8\n134.5\n0.0\n32.6\n28.2\n366.7\n135.6\n2,030.8\nMar\n655.2\n473.9\n1,129.1\n146.8\n15.0\n1,290.9\n29.0\n155.6\n0.0\n32.5\n25.7\n391.4\n146.2\n2,071.2\nApr\n782.3\n460.0\n1,242.3\n130.5\n14.9\n1,387.7\n26.0\n165.0\n0.0\n28.2\n14.1\n457.7\n169.2\n2,247.8\nMay\n895.0\n464.3\n1,359.4\n153.5\n15.0\n1,527.9\n23.9\n264.7\n0.0\n41.9\n30.6\n477.5\n173.6\n2,540.1\nSource:Reserve Bank of Zimbabwe,2019\nAmounts Owing to\nTABLE 6.2: BUILDING SOCIETIES -LIABILITIES\nZWL$ millions\n \n \n \n22 \n \n \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 \n2017\nJan\n448,344.7\n41,732.8\n22,069.3\n264,734.2\n12,019.3\n270,117.2\n350,757.1\n144,447.3\n394,945.0\n40,975.0\n591,245.7\n11,489.3\n2,592,877.1\nFeb\n436,206.2\n40,112.3\n24,467.5\n269,358.3\n12,146.8\n272,314.8\n361,416.8\n143,990.4\n373,445.1\n40,250.7\n568,686.3\n11,227.9\n2,553,623.0\nMar\n425,496.8\n54,688.4\n25,533.4\n275,500.1\n12,241.8\n290,985.3\n349,722.5\n159,101.0\n359,672.5\n37,864.1\n572,233.3\n13,047.7\n2,576,086.9\nApr\n426,696.6\n43,836.6\n18,145.2\n340,025.3\n12,219.1\n271,824.0\n360,945.8\n134,101.0\n350,475.1\n42,208.4\n571,000.5\n12,492.9\n2,583,970.5\nMay\n428,874.0\n43,427.0\n16,689.0\n322,695.4\n12,252.6\n269,976.3\n360,929.9\n117,479.9\n354,102.7\n41,337.5\n569,798.9\n11,923.7\n2,549,487.0\nJun\n431,677.5\n45,018.0\n16,989.2\n311,641.4\n14,435.6\n266,917.5\n343,590.2\n126,542.8\n417,469.8\n37,849.5\n595,749.5\n12,001.6\n2,619,882.5\nJul\n459,128.0\n52,500.1\n11,717.0\n255,319.0\n14,541.0\n255,591.2\n311,364.4\n131,420.5\n422,799.8\n39,630.7\n609,112.5\n14,464.3\n2,577,588.5\nAug\n457,861.9\n52,622.6\n11,736.0\n262,602.7\n17,438.9\n256,802.3\n313,868.5\n138,714.9\n420,653.6\n41,089.3\n617,686.4\n15,194.2\n2,606,271.3\nSep\n457,157.2\n48,477.1\n12,117.9\n340,506.4\n21,660.1\n265,082.3\n331,929.6\n124,822.8\n393,491.3\n41,117.0\n619,867.0\n16,061.2\n2,672,289.8\nOct\n460,475.1\n46,588.0\n12,273.6\n329,020.8\n21,810.6\n262,118.2\n317,587.0\n126,041.6\n383,374.3\n41,351.4\n634,561.2\n16,061.2\n2,651,263.1\nNov\n477,486.1\n46,318.3\n12,005.2\n323,990.0\n21,811.0\n261,421.1\n316,225.5\n123,307.2\n379,542.7\n32,215.3\n649,034.3\n16,061.2\n2,659,418.0\nDec\n489,695.6\n54,162.9\n10,119.0\n334,030.3\n21,844.6\n269,399.3\n307,802.0\n126,719.0\n375,161.7\n31,701.6\n621,421.9\n13,938.1\n2,655,996.0\n2018\nJan\n479,109.6\n59,336.8\n9,442.4\n289,531.3\n20,569.7\n258,035.0\n271,453.8\n106,425.1\n390,052.9\n32,328.6\n617,303.0\n14,394.7\n2,547,982.8\nFeb\n488,203.1\n59.,977.6\n9,271.6\n315,569.6\n20,133.1\n258,263.6\n285,045.1\n108,649.0\n393,604.9\n31,636.6\n618,377.4\n15,010.6\n2,543,764.6\nMar\n484,764.7\n64,826.5\n11,050.5\n344,731.3\n15,203.3\n274,150.2\n303,649.2\n114,431.9\n363,449.4\n32,793.4\n640,496.9\n19,893.1\n2,669,440.4\nApr\n485,790.0\n63,948.2\n10,904.2\n344,532.1\n15,015.2\n271,071.8\n294,270.8\n112,692.1\n333,633.8\n31,103.5\n631,920.5\n22,066.0\n2,616,948.2\nMay\n501,783.7\n63,555.3\n10,933.5\n362,939.6\n15,079.8\n358,553.4\n317,666.7\n117,123.0\n338,846.3\n31,523.1\n651,444.0\n24,226.4\n2,793,674.8\nJun\n475,105.7\n66,796.8\n13,907.7\n385,583.3\n15,079.8\n344,917.3\n323,212.1\n117,146.6\n335,216.9\n34,457.6\n655,427.0\n34,163.4\n2,801,014.3\nJul\n463,286.3\n70,905.2\n18,924.1\n383,314.7\n14,976.4\n140,624.6\n274,507.8\n113,776.3\n309,209.5\n37,474.0\n652,652.7\n34,402.1\n2,514,053.7\nAug\n470,756.1\n79,237.1\n15,167.3\n331,672.8\n15,021.9\n144,100.7\n271,000.5\n111,960.2\n306,022.7\n37,341.2\n666,649.4\n34,402.1\n2,483,332.1\nSep\n451,745.3\n79,055.7\n15,021.6\n341,851.7\n15,021.9\n144,799.6\n263,994.2\n112,656.6\n320,788.5\n36,914.6\n666,971.5\n64,407.1\n2,513,228.2\nOct\n453,068.3\n74,931.8\n16,036.5\n389,851.7\n15,156.8\n165,252.7\n268,933.2\n111,956.6\n313,376.8\n36,118.6\n680,445.7\n12,855.7\n2,537,984.3\nNov\n444,130.8\n133,137.6\n14,884.1\n313,733.0\n15,156.8\n165,419.8\n269,459.9\n149,908.1\n316,738.8\n45,693.2\n679,403.7\n12,265.4\n2,559,931.1\nDec\n492,669.9\n78,176.7\n15,958.0\n340,422.7\n14,425.5\n165,648.7\n253,354.3\n113,596.5\n347,242.2\n40,695.4\n669,879.6\n12,254.3\n2,544,323.9\n2019\nJan\n525,176.7\n80,480.9\n20,199.4\n349,755.6\n15,294.0\n158,458.9\n255,380.4\n123,772.8\n358,554.2\n42,355.5\n666,797.1\n16,335.7\n2,612,561.3\nFeb\n521,988.1\n79,066.7\n10,931.1\n352,797.8\n14,699.0\n80,894.7\n253,027.0\n124,474.7\n389,523.0\n40,923.5\n644,320.9\n11,446.6\n2,524,093.1\nMar\n538,072.7\n87,791.3\n18,211.5\n379,233.1\n14,556.7\n205,466.5\n270,360.1\n133,324.8\n407,638.0\n43,541.4\n731,600.3\n11,476.6\n2,841,272.8\nApr\n584,205.3\n96,516.9\n22,430.9\n421,676.7\n15,968.0\n236,000.3\n310,449.7\n193,315.8\n387,730.2\n44,465.7\n788,749.6\n14,486.6\n3,115,995.7\nMay\n712,661.5\n98,826.6\n27,802.4\n466,620.0\n17,425.9\n317,055.8\n368,550.6\n250,912.5\n441,731.0\n43,682.6\n901,283.4\n14,096.6\n3,660,649.0\nSource:Reserve Bank of Zimbabwe,2019\n/1 Including the only merchant bank still in operation.\nTABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nZWL$ ('000)\n \n \n \n23 \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2017\nJan\n236,437.3\n108,552.5\n230,965.4\n618,213.5\n339,580.3\n1,002,775.4\n382,746.3\n86,115.0\n1,393,941.2\n82,670.8\n589,549.9\n85,602.3\n5,157,150.0\nFeb\n254,463.9\n112,294.4\n226,877.9\n613,080.1\n312,948.5\n997,181.2\n393,542.8\n121,798.7\n1,402,647.6\n91,521.7\n604,325.0\n84,653.3\n5,215,335.3\nMar\n299,519.0\n118,530.1\n232,990.6\n626,986.6\n308,297.9\n1,049,255.7\n402,864.2\n170,835.1\n1,400,323.5\n102,287.7\n610,024.4\n91,046.0\n5,412,960.9\nApr\n281,219.8\n117,174.3\n235,093.5\n687,962.2\n307,711.4\n1,013,362.6\n400,018.9\n190,005.8\n1,432,953.1\n110,258.7\n650,595.9\n102,681.0\n5,529,037.2\nMay\n301,531.2\n113,685.5\n220,541.8\n679,781.4\n320,878.2\n1,019,941.1\n417,418.5\n175,383.4\n1,454,718.3\n108,366.5\n667,019.7\n71,770.2\n5,551,035.8\nJun\n295,920.4\n109,938.0\n248,436.3\n712,648.0\n334,368.7\n1,121,023.5\n408,604.0\n185,262.3\n1,521,876.3\n107,327.1\n697,997.7\n74,195.4\n5,817,597.8\nJul\n309,864.7\n126,628.5\n262,827.7\n587,617.1\n341,371.5\n1,143,423.8\n423,846.6\n191,273.6\n1,599,344.4\n99,509.8\n680,622.6\n76,164.4\n5,842,494.6\nAug\n302,611.3\n149,014.9\n296,550.6\n914,686.8\n346,236.8\n1,131,207.5\n453,584.0\n169,521.2\n1,562,637.2\n111,394.6\n746,644.5\n90,999.4\n6,275,088.8\nSep\n348,786.3\n146,383.0\n286,092.4\n796,517.1\n340,224.7\n1,072,979.9\n571,373.7\n211,077.0\n1,705,640.6\n122,645.6\n747,874.4\n72,255.0\n6,421,849.6\nOct\n345,521.0\n138,274.9\n238,975.9\n778,597.1\n355,135.9\n1,138,203.7\n565,046.4\n259,285.2\n1,694,691.4\n123,908.8\n741,652.0\n72,255.0\n6,451,547.3\nNov\n336,339.3\n144,708.5\n239,524.3\n927,820.8\n362,515.4\n986,824.6\n629,010.4\n250,132.7\n1,694,043.5\n131,768.3\n761,400.5\n72,255.0\n6,536,343.3\nDec\n317,794.8\n160,261.7\n284,829.7\n890,549.4\n375,616.4\n1,073,707.0\n686,933.4\n257,197.2\n1,712,823.9\n143,466.1\n711,031.6\n62,444.8\n6,676,655.9\n2018\nJan\n380,283.8\n151,436.0\n257,298.2\n918,787.6\n365,354.6\n1,050,097.7\n652,999.0\n248,933.0\n1,757,391.8\n141,913.2\n669,049.8\n67,904.7\n6,661,449.4\nFeb\n455,217.0\n224,070.1\n263,961.9\n897,453.2\n399,016.2\n949,795.6\n674,828.4\n354,052.8\n1,701,611.4\n107,779.5\n680,060.2\n67,686.4\n6,775,532.7\nMar\n451,992.5\n142,332.9\n296,310.0\n825,805.5\n376,593.0\n1,001,674.3\n597,436.8\n253,127.4\n1,827,464.3\n163,971.7\n597,436.8\n63,604.3\n6,597,749.5\nApr\n476,448.1\n144,564.6\n310,795.6\n806,144.7\n364,824.6\n988,527.2\n649,893.0\n255,761.8\n1,892,415.2\n179,252.3\n712,565.9\n65,398.2\n6,846,591.4\nMay\n494,612.8\n152,567.4\n350,409.2\n874,140.5\n374,089.9\n1,097,970.7\n700,891.9\n271,892.0\n1,913,394.9\n186,192.5\n745,592.7\n64,970.7\n7,226,725.2\nJun\n465,984.0\n164,242.3\n391,142.3\n948,703.0\n368,260.1\n1,140,652.9\n754,981.1\n324,355.8\n2,160,400.4\n200,774.3\n779,012.8\n64,786.3\n7,763,295.2\nJul\n445,780.0\n226,433.0\n413,409.1\n955,925.6\n420,416.6\n1,120,834.7\n760,588.2\n321,078.4\n2,192,743.2\n200,523.6\n822,857.6\n64,786.3\n7,945,376.2\nAug\n429,439.9\n189,498.0\n386,595.6\n980,354.1\n429,659.7\n1,091,202.9\n782,008.7\n297,412.3\n1,968,724.0\n196,068.8\n836,719.1\n64,786.3\n7,652,469.3\nSep\n447,556.4\n206,194.1\n382,491.5\n1,186,453.7\n444,599.1\n1,070,365.1\n811,296.2\n302,579.3\n2,059,093.1\n247,105.7\n906,767.6\n84,514.5\n8,149,016.3\nOct\n445,484.4\n199,531.1\n391,968.4\n984,701.5\n469,891.9\n1,153,855.9\n846,453.3\n315,808.5\n2,110,864.2\n260,816.9\n817,328.3\n67,915.2\n8,064,619.7\nNov\n489,192.9\n194,869.4\n391,442.4\n925,081.3\n441,534.3\n1,248,555.8\n827,349.4\n316,945.5\n2,059,370.1\n261,756.5\n825,642.2\n66,458.7\n8,048,198.5\nDec\n494,011.3\n201,871.0\n531,888.3\n1,034,592.5\n428,738.7\n1,196,503.2\n823,081.9\n331,251.3\n2,063,550.8\n278,659.0\n802,507.6\n63,361.3\n8,250,016.9\n2019\nJan\n505,422.9\n391,022.0\n497,976.2\n1,034,948.2\n411,945.9\n1,187,606.7\n882,289.7\n322,030.3\n2,154,902.3\n135,871.6\n763,189.5\n63,064.3\n8,350,269.7\nFeb\n512,602.3\n374,750.6\n394,709.1\n936,123.6\n449,800.9\n904,919.4\n855,348.4\n347,405.5\n2,355,866.1\n138,685.8\n776,949.7\n63,097.1\n8,110,258.7\nMar\n526,564.2\n343,684.3\n376,205.6\n937,743.4\n393,489.3\n1,317,757.7\n861,574.9\n380,295.4\n2,099,331.1\n141,677.2\n773,726.4\n63,094.9\n8,215,144.4\nApr\n632,972.5\n255,945.6\n1,010,978.7\n90,282.6\n462,133.1\n1,535,772.6\n890,606.5\n325,814.6\n2,413,535.6\n320,213.5\n876,646.5\n90,282.6\n9,963,832.2\nMay\n832,073.6\n305,410.9\n1,321,039.7\n1,177,925.1\n522,764.9\n1,646,358.6\n1,142,369.6\n372,594.9\n2,765,341.2\n371,372.0\n965,202.7\n93,188.9\n11,515,642.2\nSource: Reserve Bank of Zimbabwe,2019\n TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nZWL$ ('000)\n \n24 \n \n \nEnd of\nNominal Lending \nRates 1\nIndividuals \nCorporate\n2017 \nJan\n4.00-18.00\n10.61\n6.68\nFeb\n4.00-18.00\n10.06\n6.52\nMar\n4.00-18.00\n9.12\n7.02\nApr\n4.00-18.00\n9.25\n7.02\nMay\n4.00-18.00\n9.17\n7.03\nJun\n4.00-18.00\n9.01\n7.05\nJul\n4.00-18.00\n8.94\n7.05\nAug\n4.00-18.00\n8.88\n6.95\nSep\n4.45-18.00\n8.86\n7.01\nOct\n4.45-18.00\n9.66\n7.06\nNov\n4.45-18.00\n9.66\n7.03\nDec\n4.45-18.00\n9.39\n7.00\n2018\nJan\n4.45-18.00\n9.33\n6.99\nFeb\n4.45-18.00\n9.57\n6.93\nMar\n4.45-18.00\n9.64\n6.98\nApr\n4.00-18.00\n9.32\n7.08\nMay\n4.00-18.00\n9.28\n7.09\nJun\n4.00-18.00\n9.32\n7.14\nJul\n4.00-18.00\n9.75\n6.97\nAug\n4.00-18.00\n9.87\n7.10\nSep\n4.00-18.00\n9.56\n7.11\nOct\n4.00-18.00\n9.47\n7.38\nNov\n4.00-18.00\n9.49\n7.38\nDec\n4.00-18.00\n9.48\n7.39\n2019\nJan\n4.00-18.00\n9.47\n7.40\nFeb\n4.00-18.00\n9.23\n7.30\nMar\n4.00-18.00\n9.23\n7.31\nApr\n4.00-18.00\n9.30\n7.38\nMay\n4.00-22.00\n9.15\n7.67\n Source:Reserve Bank of Zimbabwe, 2019\nTABLE 8.1: LENDING RATES (percent per annum)\nCommercial Banks\nWeighted Lending Rates\n \n25 \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2017 \nJan\n0.50-6.00\n1.00-17.00\nFeb\n0.50-6.00\n1.00-17.00\nMar\n0.50-6.00\n1.00-17.00\nApr\n0.50-6.00\n1.00-17.00\nMay\n0.50-6.00\n1.00-9.50**\nJun\n0.50-6.00\n1.00-12.00\nJul\n0.50-6.00\n1.00-12.00\nAug\n0.50-6.00\n1.00-12.00\nSep\n0.50-12.00\n0.75-8.00\nOct\n0.50-12.00\n0.75-8.00\nNov\n0.50-12.00\n0.75-8.00\nDec\n0.50-12.00\n0.75-8.00\n2018\nJan\n0.22-12.00\n0.75-8.00\nFeb\n0.22-12.00\n0.75-8.00\nMar\n0.22-12.00\n0.75-8.00\nApr\n0.22-12.00\n0.75-8.00\nMay\n0.22-12.00\n0.75-8.00\nJun\n0.22-12.00\n0.75-8.00\nJul\n0.22-12.00\n0.75-8.00\nAug\n0.22-12.00\n0.75-8.00\nSep\n0.22-12.00\n0.75-8.00\nOct\n0.22-12.00\n0.75-8.00\nNov\n0.22-12.00\n1.00-8.00\nDec\n0.22-12.00\n1.00-6.75\n2019\nJan\n0.22-12.00\n1.00-8.00\nFeb\n0.22-12.00\n1.00-6.75\nMar\n0.22-12.00\n1.00-8.00\nApr\n0.22-12.00\n1.00-8.00\nMay\n0.22-12.00\n1.00-8.00\n Source:Reserve Bank of Zimbabwe, 2019\nTABLE 8.2 : BANK DEPOSIT RATES (percent per annum)\nCOMMERCIAL BANKS\n \n 26 \n \n \nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT COMMUNICATION RECREATION \n&\nEDUCATION RESTAURANTS \n&\nMISC.\nTOTAL NON\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\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\n2017 \nJan\n-0.14\n-0.15\n0.10\n0.34\n-0.15\n-0.75\n0.44\n0.27\n0.00\n0.29\n0.08\n0.01\n0.80\n0.23\nFeb\n0.05\n-0.14\n0.13\n0.70\n-0.03\n0.11\n0.00\n-0.04\n0.00\n0.18\n0.52\n0.23\n1.56\n0.61\nMar\n0.15\n0.03\n-0.07\n0.64\n0.11\n0.21\n-0.02\n0.18\n0.00\n0.01\n0.36\n0.13\n-0.21\n0.03\nApr\n-0.11\n0.02\n0.04\n0.06\n-0.04\n0.00\n0.05\n0.02\n2.02\n0.34\n-0.07\n0.22\n-0.36\n0.05\nMay\n0.13\n0.09\n-0.01\n0.02\n0.13\n0.04\n0.00\n-0.21\n0.00\n-0.39\n-0.09\n0.01\n0.07\n0.03\nJun\n0.21\n0.03\n-0.82\n0.38\n-0.03\n-0.18\n0.00\n0.18\n0.00\n0.29\n0.33\n-0.15\n-0.45\n-0.24\nJul\n0.19\n0.01\n0.01\n-0.06\n0.01\n-0.23\n-0.08\n0.05\n-2.81\n1.10\n0.11\n-0.33\n-0.42\n-0.36\nAug\n-0.18\n0.10\n0.06\n0.05\n0.03\n0.00\n0.03\n0.13\n0.00\n0.00\n0.06\n0.01\n-0.47\n-0.13\nSep\n0.02\n0.45\n0.24\n1.10\n0.07\n-0.31\n0.14\n0.64\n0.00\n0.05\n0.12\n0.27\n0.66\n0.38\nOct\n0.63\n1.44\n0.24\n3.49\n1.07\n1.08\n0.37\n3.08\n0.00\n0.45\n2.66\n1.25\n2.27\n1.54\nNov\n0.28\n0.62\n0.06\n1.32\n0.38\n0.29\n-0.04\n1.14\n-1.43\n-0.72\n1.10\n0.33\n1.74\n0.74\nDec\n0.28\n0.72\n-0.43\n0.45\n0.01\n0.29\n-0.01\n0.78\n0.00\n0.49\n0.74\n0.21\n1.29\n0.53\n2018\nJan\n0.17\n0.67\n0.02\n0.55\n0.10\n0.00\n-0.04\n1.78\n0.00\n-0.16\n0.64\n0.26\n0.39\n0.30\nFeb\n0.26\n0.91\n0.01\n0.43\n0.00\n-0.02\n0.15\n0.90\n0.00\n0.01\n0.21\n0.19\n-0.18\n0.08\nMar\n0.13\n-0.34\n-0.74\n0.46\n0.18\n-1.29\n-1.60\n1.58\n0.01\n-0.14\n-0.55\n0.09\n-0.03\n-0.25\nApr\n0.20\n0.34\n-0.01\n0.00\n0.10\n-0.32\n-0.21\n-0.10\n0.63\n1.85\n0.26\n0.11\n0.02\n0.08\nMay\n-0.03\n0.10\n0.00\n-0.12\n0.03\n0.14\n-0.01\n0.08\n0.00\n0.05\n0.33\n0.03\n0.02\n0.03\nJun\n0.60\n0.14\n-0.16\n-0.48\n0.38\n0.19\n0.10\n-0.25\n0.00\n0.26\n1.00\n0.04\n-0.23\n-0.05\nJul\n0.43\n0.38\n0.00\n0.40\n0.31\n0.17\n0.08\n0.65\n7.16\n3.20\n0.75\n1.09\n0.74\n0.98\nAug\n0.13\n0.45\n0.00\n0.91\n0.24\n0.47\n0.00\n-0.23\n0.00\n0.11\n0.34\n0.28\n0.62\n0.39\nSep\n0.22\n1.35\n0.53\n2.79\n1.90\n0.51\n0.32\n0.22\n0.00\n0.28\n0.07\n0.85\n1.05\n0.92\nOct\n7.89\n45.88\n2.94\n26.86\n12.94\n19.13\n1.39\n27.66\n0.00\n9.86\n13.64\n14.66\n20.12\n16.44\nNov\n7.21\n10.63\n4.80\n9.12\n3.36\n2.31\n0.18\n16.33\n0.35\n9.29\n15.42\n6.50\n14.53\n9.20\nDec\n10.22\n8.07\n2.77\n8.07\n8.49\n28.61\n1.26\n3.19\n0.00\n13.84\n10.07\n9.01\n9.07\n9.03\n2019\nJan\n13.35\n1.04\n4.35\n9.46\n11.64\n47.25\n1.12\n11.01\n0.10\n11.73\n6.72\n12.83\n6.94\n10.75\nFeb\n2.94\n5.94\n2.77\n2.73\n2.93\n-7.70\n0.14\n3.42\n0.02\n2.20\n4.34\n0.70\n3.56\n1.67\nMar\n14.29\n5.56\n2.34\n5.20\n2.30\n3.06\n0.14\n3.92\n3.66\n4.54\n5.16\n4.05\n5.10\n4.38\nApr\n12.05\n6.57\n0.65\n5.84\n19.90\n3.40\n3.50\n5.36\n6.93\n19.74\n5.35\n4.45\n7.85\n5.52\nMay\n21.57\n11.89\n2.54\n11.51\n16.85\n16.18\n31.21\n29.81\n3.05\n6.67\n8.96\n10.12\n17.63\n12.54\nSource:Zimstat, 2019\nFOOD & NON \nALCOHOLIC \nBEVERAGES\nALL \nITEMS\nTABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n(February 2019 = 100)\n \n \n \n27 \n \n \nF OOD \nIN F LA TION\nA LC OHOLIC \nC LOTHIN G\nHOUS IN G, \nWA TER ,\nF UR N ITUR E\nM IS C .\nF OOD & \nB EVER A GES \n& \nELEC TR IC TY, \nGA S\nA N D\nR EC R EA TION \n&\nR ES TA UR A N TS \n&\nGOOD S &\nTOTA L N ON\nN ON \nA LC OHOLIC \nA LL\n& TOB A C C O\nF OOTWEA R\n& OTHER\nEQUIP M EN T\nC ULTUR E\nHOTELS\nS ER VIC ES\nF OOD\nB EVER A GES\nITEM S\nF UELS\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\n2017\nJan\n-0.61\n-1.52\n-2.16\n-0.62\n-0.68\n-1.76\n-1.44\n0.20\n3.49\n-0.02\n-0.62\n-0.79\n-0.30\n-0.65\nFeb\n-0.42\n-1.66\n-1.91\n0.26\n-0.53\n-1.29\n-1.31\n0.18\n3.49\n0.24\n-0.05\n-0.43\n1.29\n0.06\nMar\n-0.13\n-1.45\n-0.95\n1.64\n-0.30\n-0.79\n-1.74\n0.40\n0.12\n0.87\n0.92\n-0.19\n1.21\n0.21\nApr\n-0.26\n-1.29\n-0.89\n2.03\n-0.33\n-0.86\n-1.61\n0.44\n2.16\n1.30\n1.21\n0.13\n1.35\n0.48\nMay\n0.15\n-0.98\n-1.01\n2.16\n-0.01\n-0.71\n0.00\n0.17\n2.16\n0.88\n1.46\n0.28\n1.92\n0.75\nJun\n0.29\n-0.74\n-2.39\n2.52\n-0.19\n-0.81\n0.00\n0.59\n-0.48\n0.86\n1.70\n-0.28\n1.82\n0.31\nJul\n0.47\n-0.58\n-2.43\n2.41\n-0.03\n-1.01\n0.29\n0.55\n-3.28\n1.93\n2.12\n-0.56\n1.92\n0.14\nAug\n0.35\n-0.26\n-2.37\n2.50\n0.02\n-0.88\n0.33\n0.78\n-3.28\n1.92\n2.05\n-0.50\n1.76\n0.14\nSep\n0.27\n0.22\n-1.05\n3.91\n0.12\n-1.11\n0.57\n1.69\n-3.28\n1.97\n2.07\n0.10\n2.49\n0.78\nOct\n0.95\n1.91\n-0.68\n7.47\n1.22\n0.02\n0.94\n4.84\n-3.28\n2.49\n4.61\n1.38\n4.40\n2.24\nNov\n1.17\n2.62\n-0.62\n8.78\n1.67\n-0.02\n0.89\n5.83\n-2.25\n1.76\n5.62\n1.91\n5.65\n2.97\nDec\n1.51\n3.27\n-0.45\n8.77\n1.57\n0.55\n0.89\n6.35\n-2.26\n2.09\n6.04\n2.20\n6.60\n3.46\n2018\nJan\n1.83\n4.12\n-0.52\n9.00\n1.82\n1.30\n0.41\n7.95\n-2.25\n1.63\n6.64\n2.45\n6.17\n3.52\nFeb\n2.04\n5.21\n-0.65\n8.71\n1.84\n1.17\n0.56\n8.96\n-2.25\n1.45\n6.31\n2.41\n4.35\n2.98\nMar\n2.02\n4.81\n-1.32\n8.52\n1.91\n-0.35\n-1.03\n10.48\n-2.24\n1.30\n5.35\n2.37\n4.54\n2.68\nApr\n2.34\n5.14\n-1.36\n8.45\n2.06\n-0.67\n-1.28\n10.36\n-3.58\n2.84\n5.70\n2.26\n4.94\n2.71\nMay\n2.18\n5.15\n-1.36\n8.30\n1.96\n-0.58\n-1.30\n10.67\n-3.58\n3.29\n6.14\n2.28\n4.89\n2.71\nJun\n2.58\n5.27\n-0.70\n7.36\n2.38\n-0.20\n-1.20\n10.20\n-3.58\n3.26\n6.85\n2.48\n5.12\n2.91\nJul\n2.83\n5.66\n-0.71\n7.86\n2.68\n0.20\n-1.04\n10.86\n6.31\n5.42\n7.53\n3.94\n6.35\n4.29\nAug\n3.15\n6.03\n-0.77\n8.78\n2.89\n0.67\n-1.07\n10.47\n6.31\n5.53\n7.84\n4.22\n7.52\n4.83\nSep\n3.35\n6.98\n-0.47\n10.60\n4.77\n1.49\n-0.89\n10.00\n6.31\n5.77\n7.79\n4.83\n7.94\n5.39\nOct\n10.81\n53.83\n2.20\n35.57\n17.08\n19.61\n0.11\n36.24\n6.31\n15.68\n19.31\n18.71\n26.78\n20.85\nNov\n18.47\n69.14\n7.04\n46.01\n20.56\n22.02\n0.34\n56.70\n8.23\n27.34\n36.21\n26.02\n42.71\n31.01\nDec\n30.21\n81.48\n10.48\n57.08\n30.80\n56.47\n1.61\n60.45\n8.22\n44.26\n48.82\n37.08\n53.68\n42.09\n2019\nJan\n47.34\n82.13\n15.27\n71.00\n45.88\n130.41\n2.79\n75.00\n8.32\n61.45\n57.81\n54.26\n63.71\n56.90\nFeb\n51.28\n91.22\n18.46\n74.92\n50.16\n112.71\n2.78\n79.38\n8.34\n64.99\n64.31\n55.04\n69.84\n59.39\nMar\n72.67\n102.55\n22.14\n83.18\n53.34\n122.10\n4.59\n83.51\n12.30\n72.72\n73.75\n61.19\n78.55\n66.80\nApr\n93.08\n115.13\n22.94\n93.88\n83.66\n130.40\n8.49\n93.54\n19.33\n103.06\n82.56\n68.17\n92.52\n75.86\nMay\n134.80\n140.46\n26.07\n116.47\n114.54\n167.32\n42.36\n151.04\n22.97\n116.49\n98.28\n85.94\n126.43\n97.85\nSource:Zimstat, 2019\nTABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n(February 2019 = 100)\nC OM M UN IC A TION\nTR A N S P OR T\nHEA LTH\nED UC A TION\nN ON -F OOD IN F LA TION\n \n \n \n28 \n \n \nEnd Period\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n2016\n2017\n2018\nLong-Term External Debt\n6,326\n6,556\n7,713\n8,125\n8,655\n10,234\n9,341\n9,305\n9,555\n9,827\nGovernment\n5,304\n5,039\n6,128\n6,321\n6,172\n6,192\n6,097\n6,015\n6,200\n6,306\nBilateral Creditors\n3,703\n3,402\n4,087\n4,087\n4,088\n4,115\n4,115\n4,129\n4,194\n4,261\nMultilateral Creditors\n1,591\n1,627\n2,041\n2,235\n2,084\n2,078\n1,982\n1,886\n2,006\n2,045\nPrivate Creditors\n10\n10\n0\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n825\n825\n1,092\n1,198\n1,356\n1,661\n1,220\n1,370\n1,406\n1,426\nBilateral Creditors\n497\n497\n711\n703\n858\n1,155\n760\n779\n843\n898\nMultilateral Creditors\n327\n327\n382\n495\n498\n506\n460\n591\n562\n528\nPrivate Creditors\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nMultilateral Creditors - IMF\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nPrivate\n57\n142\n366\n480\n1,002\n2,261\n1,913\n1,920\n1,949\n2,095\nShort-Term External Debt\n1,348\n2,040\n1,286\n891\n1,564\n2,394\n2,258\n2,304\n2,299\n2,374\nSupplier's Credits\n193\n286\n134\n30\n0\n0\n0\n0\n0\n0\nReserve Bank\n998\n1,300\n615\n615\n614\n587\n587\n573\n507\n441\nPrivate\n156\n454\n537\n246\n950\n1,807\n1,671\n1,731\n1,792\n1,933\nTotal External Debt\n7,481\n8,309\n8,866\n8,986\n10,219\n12,628\n11,599\n11,610\n11,854\n13,134\nSource: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2019\nTABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n29 \n \n \nUSA\nSOUTH \nARFICAN\nBOTSWANA\nJAPANESE\nEURO\nPOUND\nEND OF\nDollar\nRAND\nPULA\nYEN\nSTERLING\n2019\nMar\n3.0120\n0.2064\n0.2789\n0.0272\n3.3832\n3.9363\nApr\n3.2614\n0.2275\n0.3031\n0.0292\n3.6490\n4.2209\nMay\n5.2635\n0.3550\n0.4831\n0.0483\n5.8585\n6.6391\nSource: Reserve Bank of Zimbabwe, 2019\n1. ZWL$ dollars per one unit of foreign currency.\n TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES/1\n \n \n \n30 \n \n \nMarket Capitalisation\nEND OF\nAll Share*\nZWL$ millions\n2017\nJan\n-\n140.2\n56.3\n8.6\n31,616,982\n3,903.7\nFeb\n-\n135.3\n56.5\n11.5\n85,314,995\n3,770.0\nMar\n-\n139.0\n58.6\n26.9\n145,238,255\n3,871.3\nApr\n-\n143.0\n66.3\n11.2\n75,857,712\n4,182.8\nMay\n-\n162.3\n69.6\n16.8\n170,830,515\n4,740.1\nJun\n-\n196.0\n69.8\n39.7\n311,145,262\n5,695.2\nJul\n-\n203.3\n69.4\n24.7\n149,425,245\n5,759.0\nAug\n-\n235.0\n73.5\n13.6\n107,920,143\n6,659.4\nSep\n-\n418.4\n122.6\n89.5\n245,278,194\n11,860.2\nOct\n-\n521.9\n132.5\n168.8\n1,006,687,304\n14,830.3\nNov\n-\n376.7\n126.9\n207.5\n196,489,710\n10,777.7\nDec\n-\n333.0\n142.4\n75.3\n844,189,447\n9,580.6\n2018\nJan\n91.3\n305.4\n130.4\n31.4\n55,032,220\n8,652.9\nFeb\n88.0\n294.6\n124.9\n63.7\n138,142,187\n8,386.0\nMar\n87.0\n291.0\n125.1\n40.3\n108,997,097\n8,290.4\nApr\n98.7\n330.7\n124.4\n44.4\n206,342,675\n9,405.3\nMay\n108.3\n361.5\n151.5\n59.3\n129,155,586\n10,393.2\nJun\n102.9\n342.8\n161.3\n73.0\n234,834,368\n9,792.2\nJul\n114.3\n384.3\n164.0\n114.9\n624,256,160\n10,969.7\nAug\n117.3\n394.6\n161.3\n50.5\n142,150,599\n12,475.4\nSep\n115.1\n387.0\n163.8\n61.1\n197,401,341\n12,265.5\nOct\n163.8\n549.8\n217.3\n449.6\n316,060,000\n17,960.0\nNov\n160.4\n538.7\n208.6\n118.0\n153,874,660\n17,316.6\nDec\n146.2\n487.1\n227.7\n93.0\n144,479,601\n19,424.4\n2019\nJan\n157.5\n525.9\n213.1\n110.3\n122,778,938\n20,888.4\nFeb\n148.1\n494.3\n206.9\n295.8\n229,935,122\n19,773.4\nMar\n121.7\n405.6\n194.0\n70.8\n123,398,632\n16,084.9\nApr\n133.7\n446.5\n186.5\n116.5\n134,394,898\n17,502.7\nMay\n188.1\n628.4\n225.8\n193.5\n237,334,372\n24,920.0\nSource:Zimbabwe Stock Exchange ,2019\n*All Share index was introduced in January 2018\nIndices\nTABLE 12: ZIMBABWE STOCK MARKET STATISTICS\nIndustrial\n Market Turnover \nZWL$ million \nVolume of Shares\nMining\n \n \n \n31 \n \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n \nINTERNET\n2017\nJan\n 4,052.7 \n7.5\n368.7\n70.4\n 495.55 \n318.9\nFeb\n 4,246.6 \n7.0\n327.3\n58.4\n 472.30 \n324.1\nMar\n 4,629.8 \n7.4\n392.2\n58.8\n 671.60 \n399.7\nApr\n 4,178.8 \n4.8\n466.9\n39.3\n 792.50 \n337.6\nMay\n 4,974.0 \n6.5\n557.8\n44.7\n 939.90 \n618.7\nJun\n 5,346.4 \n6.3\n558.8\n34.6\n 1,095.55 \n500.3\nJul\n 4,805.1 \n5.7\n588.4\n29.4\n 1,601.38 \n586.4\nAug\n 5,325.1 \n5.2\n590.1\n24.7\n 1,776.44 \n583.3\nSep\n 6,031.4 \n5.2\n651.1\n16.1\n 2,159.26 \n731.9\nOct\n 5,991.3 \n5.4\n681.9\n19.4\n 2,401.62 \n779.2\nNov\n 6,259.7 \n4.9\n666.5\n15.9\n 2,561.84 \n798.3\nDec\n 5,877.2 \n3.6\n778.4\n16.3\n 3,052.72 \n1043.3\n2018\nJan\n 5,548.1 \n4.9\n663.5\n21.3\n 2,318.80 1,006.05 \nFeb\n 4,706.6 \n4.5\n594.0\n13.9\n 2,015.11 831.05 \nMar\n 6,300.4 \n4.5\n654.2\n12.5\n 2,657.10 864.83 \nApr\n 5,786.8 \n3.3\n640.9\n11.5\n 3,002.63 822.58 \nMay\n 7,298.4 \n4.2\n819.7\n10.5\n 3,550.07 968.58 \nJun\n 7,997.3 \n4.7\n779.4\n8.3\n 3,724.31 1,135.49 \nJul\n 8,290.0 \n4.0\n790.0\n9.4\n 4,446.68 1,262.53 \nAug\n 7,762.9 \n2.9\n811.2\n14.0\n 4,558.54 1,254.96 \nSep\n 7,155.0 \n4.0\n842.5\n17.0\n 4,462.40 1,393.08 \nOct\n 8,230.5 \n4.2\n821.3\n17.9\n 4,607.38 1,428.20 \nNov\n 7,922.5 \n3.7\n657.5\n19.9\n 3,964.78 1,026.70 \nDec\n 8,355.2 \n2.8\n917.2\n14.6\n 4,833.80 1,102.90 \n2019\nJan\n 6,903.0 \n2.9\n 1,294.05 \n16.9\n 3,608.83 1,056.16 \nFeb\n 8,337.0 \n4.0\n 1,330.58 \n17.2\n 3,594.51 1,093.64 \nMar\n 9,881.5 \n3.9\n 1,399.50 \n18.3\n 4,080.65 1,250.55 \nApr\n 10,321.4 \n3.1\n 1,590.10 \n14.0\n 4,949.34 1,408.53 \nMay\n 14,670.3 \n4.2\n 1,397.48 \n11.8\n 6,692.55 1,897.82 \nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS \n Values of Transactions (ZWL$ millions)\n \n \n \n32 \n \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2017\nJan\n 350.0 \n26.7\n 12,756.3 1,173.6 27,550.1 191.0 \nFeb\n 326.3 \n27.8\n 8,952.0 953.5 26,820.1 207.0 \nMar\n 414.2 \n31.0\n 11,124.0 922.2 35,604.1 244.1 \nApr\n 363.7 \n21.6\n 13,595.5 652.9 40,089.0 231.0 \nMay\n 531.8 \n27.8\n 16,623.4 820.6 47,019.1 323.3 \nJun\n 525.0 \n29.3\n 17,466.2 696.9 53,738.1 342.1 \nJul\n 521.8 \n30.0\n 20,013.7 636.1 61,162.4 382.6 \nAug\n 541.5 \n26.6\n 20,303.0 595.6 70,771.6 419.1 \nSep\n 620.0 \n27.2\n 20,731.0 478.0 83,303.0 432.0 \nOct\n 609.6 \n27.2\n 23,764.6 475.1 92,540.6 478.9 \nNov\n 575.3 \n25.6\n 22,748.6 347.3 97,945.2 473.0 \nDec\n 524.2 \n19.2\n 26,779.1 347.2 118,198.9 524.8 \nAnnual Total\n 5,903.4 \n320.1\n 214,857.4 8,099.0 754,742.1 4,248.84 \n2018\nJan\n 548.1 \n22.7\n 20,981.2 449.6 100,593.9 501.8 \nFeb\n 457.2 \n22.5\n 18,869.0 292.2 89,584.3 463.8 \nMar\n 545.2 \n23.7\n 21,996.8 268.4 116,120.0 510.5 \nApr\n 505.5 \n17.4\n 21,170.0 253.6 117,616.8 457.0 \nMay\n 611.1 \n21.2\n 23,278.2 213.2 137,423.0 496.6 \nJun\n 553.6 \n22.5\n 23,790.0 175.2 156,609.8 502.2 \nJul\n 560.2 \n20.1\n 25,075.5 223.1 169,416.8 559.6 \nAug\n 553.0 \n15.1\n 25,249.9 317.4 164,918.0 518.7 \nSep\n 543.0 \n19.4\n 24,918.0 300.8 161,289.5 511.3 \nOct\n 571.6 \n20.4\n 21,025.4 345.5 161,427.4 496.0 \nNov\n 477.4 \n16.7\n 17,845.4 334.9 133,862.1 430.6 \nDec\n 478.6 \n13.0\n 27,419.1 236.2 161,540.7 409.1 \nAnnual Total\n 6,404.4 \n234.6\n 271,618.6 3,410.1 1,670,402.1 5,857.13 \n2019\nJan\n 401.5 \n12.2\n 40,613.8 232.6 135,481.1 413.4 \nFeb\n 456.5 \n16.4\n 27,811.2 226.8 119,081.1 463.6 \nMar\n 525.9 \n15.4\n 30,417.6 248.9 142,597.8 441.0 \nApr\n 535.0 \n13.7\n 32,092.5 168.8 157,348.3 390.1 \nMay\n 642.6 \n14.7\n 15,542.6 121.4 331,764.3 494.3 \nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS \n Volumes of Transactions (ZWL$ 000's)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": 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+{"doc_id": "57f090d1e4d30c0eb5748c86a1d4e9e1", "text": "i \n \n \n \n \n \n \n \nFEBRUARY 2019 \n \n1 \n \nTABLE OF CONTENTS \n \nSELECTED ECONOMIC INDICATORS ........................................................................................ 2 \nINTERNATIONAL COMMODITY PRICE DEVELOPMENTS ......................................................... 3 \nMERCHANDISE TRADE DEVELOPMENTS ..................................................................................... 4 \nMONETARY DEVELOPMENTS ............................................................................................................ 6 \nSTOCK MARKET DEVELOPMENTS ................................................................................................... 7 \nINFLATION OUTTURN ........................................................................................................................... 8 \nAnnual Inflation ...................................................................................................................................... 8 \nMonthly Inflation .................................................................................................................................... 9 \nNATIONAL PAYMENTS SYSTEM ........................................................................................................ 9 \n \n \n \n \n \n \n \n \n2 \n \n \n \n \n2019 \n \nJanuary \n2019 \n \nFebruary \nMonth-on- \nMonth \nChange (%) \nYearly Inflation3 (%) \n56.90 \n59.40 \n- \nMonthly Inflation3 (%) \n10.75 \n1.67 \n- \nNational Payment System Transactions2 \n(US$ millions) \n13 575.37 \n15 286.08 \n12.6 \nMoney Supply2 (US$ millions) \n9 857.02 \n10 389.30 \n5.40 \nMoney Supply (M3) Annual Growth2 (%) \n30.64 \n37.15 \n- \nNominal Lending Rate2 (% per annum) \n4.00-18.00 \n4.00-18.00 \n- \nMerchandise Exports3 (US$ millions) \n292.6 \n348.4 \n19.1 \nMerchandise Imports3 (US$ millions) \n336.8 \n370.5 \n10 \nTrade Balance3 (US$ millions) \n-44.2 \n-22.1 \n50.0 \nZ.S.E All share Index \n157.54 \n148.11 \n-5.99 \nZ.S.E. Mining Index1 \n213.13 \n207.03 \n-2.86 \nZ.S.E. Industrial Index1 \n525.90 \n494.31 \n-6.01 \nSources: \n1. Zimbabwe Stock Exchange (ZSE) \n2. Reserve Bank of Zimbabwe (RBZ) \n3. Zimbabwe National Statistics Agency (ZIMSTAT) \nSELECTED ECONOMIC INDICATORS \n \n \n \n3 \n \nINTERNATIONAL COMMODITY PRICE \nDEVELOPMENTS \n \nThe international commodity prices of crude oil, \nprecious metals and base metals continued to \nfirm, during the month of February 2019. A \npositive investment demand outlook, coupled \nwith global supply constraints, contributed to \nthe surge in the prices. \n \n Precious Metals \nPrecious metal prices continued on an upward \ntrend, with gold firming by 1.9%, from \nUS$1,291.67/oz in the previous month, to \n$1,315.97/oz in February 2019. Similarly, \nplatinum prices increased from US$805.83/oz \nin January 2019 to $813.16/oz in Febuary 2019. \nThe increase in demand for the precious metals \nwas on account of a weakening US dollar. \n \nFigure. 1: Precious metal prices (US$/oz.) \nSource: Bloomberg, 2019 \n \nBase Metals \nThe anticipated positive outcome from the US \nand China trade talks boosted base metal prices. \nResultantly, copper prices increased by 5.5% to \n$6,290.56/tonne. \nSupply \nconstraints \nin \nIndonesia, one of the world top nickel \nproducers, further boosted nickel prices, which \nrose by 10.2% to US$12,669.83/tonne, during \nthe month under review. \n \nFigure 2: Base metal prices (US$/ton) \nSource: Bloomberg, 2019 \n \n \nBrent Crude Oil \nBrent crude oil prices closed the month under \nreview \nat \nUS$64.33/barrel, \nup \nfrom \nUS$60.21/barrel in January 2019. The increase \nwas due to low oil production in the US. \n \n \n \n \n \n \n \n \n \n600\n700\n800\n900\n1000\n1100\n1200\n1300\n1400\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nUS$/oz.\nGold\nPlatinum\n5,000\n7,000\n9,000\n11,000\n13,000\n15,000\n17,000\n4,000\n4,500\n5,000\n5,500\n6,000\n6,500\n7,000\n7,500\nFeb-18\nApr-18\nJun-18\nAug-18\nOct-18\nDec-18\nFeb-19\nNickel US$/ton\nCopper US$/ton\nCopper\nNickel (RHS)\n \n \n \n4 \n \nFigure 3: International crude oil prices \n(US$/barrel) \nSource: Bloomberg, 2019 \nMERCHANDISE TRADE \nDEVELOPMENTS \n \nTotal merchandise trade stood at US$718.9 \nmillion in February 2019, a 14.2% increase from \nUS$629.3 million recorded in January 2019. \nThe increase was on account of increases in both \nmerchandise exports and imports. \nMerchandise Exports \nMechandise exports increased by 19.07% to \nUS$348.8 million in February 2019, from \nUS$292.6 million in January 2019. This \nfollowed increases in exports of gold, tobacco, \ndiamonds and sugar. Nickel mattes, ores and \nconcentrates, chromium ores and concentrates \nand \nother \nunwrought \nplatinum \nexports, \nhowever, declined during the month under \nreview. \n \n \n \n \n \n1 Unwroght platinum excludes other platinum group of \nmetals (PGMs). \nFigure 4: Merchandise Exports (US$ m) \n \nSource: ZIMSTAT, 2019 \n \nFlue-cured tobacco, semi-processed gold, nickel \n(mattes, ores and concentrates) and industrial \ndiamonds dominated the country’s exports, \ncontributing about 77% of total exports. \n \nTable 1: Exports Classified by Harmonised \nCommodity Description and Code System \n \n \n \nShare of \nTotal \nExports \n(%) \nCommodity \nJan-19 \nFeb-19 \n \nUS$m \nUS$m \nFlue-cured tobacco (Virginia \ntype) \n63.1 \n83.8 \n24.1 \nSemi-manufactured gold \n64.5 \n82.8 \n23.8 \nNickel mattes \n56 \n52.2 \n15 \nNickel ores and concentrates \n35.6 \n34 \n9.8 \nFerro-chromium \n14.9 \n14.9 \n4.3 \nIndustrial diamonds \n3.7 \n11.5 \n3.3 \nCane sugar \n4.3 \n11.3 \n3.2 \nOther precious minerals \n4.1 \n8.2 \n2.3 \nGinned cotton \n2.2 \n5.3 \n1.5 \nChromium ores and \nconcentrates \n4.7 \n3.6 \n1 \nUnwrought Platinum1 \n4.1 \n3.5 \n1 \nOther \n35.4 \n37.2 \n10.7 \n Total \n292.6 \n348.4 \n100 \nSource: ZIMSTAT, 2018 & RBZ Calculations, 2019 \n0\n10\n20\n30\n40\n50\n60\n70\n80\n90\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nUS$/barrel\n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\n \n \n \n5 \n \nThe country’s mechandise exports were mainly \ndestined to South Africa (48.7%); the United \nArab Emirates (19.8%); Mozambique (8.2%); \nBelgium (2.8%); and Kenya (1.3%), as shown in \nFigure 5. \nFigure 5: Top Five Merchandise Export \nDestinations (%Share) \n \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nMerchandise Imports \nMerchandise imports increased by 10% to \nUS$370.5 in February 2019, from US$336 \nmillion in January 2019. Fuel and electricity \nimports \naccounted \nfor \n25.1% \nof \ntotal \nmerchandise imports. Food imports, which \nlargely comprised of crude soyabean oil, rice \nand wheat constituted, 1.6%; 1%; and 0.9% of \ntotal merchandise imports. \n \nTable 2 shows the country’s major import \ncommodities for January 2019 and February \n2019. \n \n \n Table 2: Imports Classified by Harmonised \nCommodity Description and Code \nSystem \nCommodity \nJan-19 \nUS$m \nFeb-19 \nUS$m \nShare \nof \ntotal \nImports \n(%) \nDiesel \n60.6 \n59.3 \n16 \nUnleaded petrol \n36.4 \n30.2 \n8.2 \nRoad tractors for semi-\ntrailers \n2.3 \n8.9 \n2.4 \nCrude soya bean oil \n4.6 \n5.8 \n1.6 \nMotor Vehicles (Goods) \n5.4 \n5.3 \n1.4 \nMedicines (Chronic illness) \n0 \n5.2 \n1.4 \nVehicles (Front Loaders) \n3.1 \n3.7 \n1.0 \nRice \n1.3 \n3.5 \n1.0 \nElectricity \n2.9 \n3.2 \n0.9 \nWheat \n7.6 \n3.2 \n0.9 \nOther \n212.4 \n242.2 \n65.4 \nTotal \n336.7 \n370.5 \n100 \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nThe country sourced imports mainly from South \nAfrica, 37.5%; Singapore, 24.4%; China, 8.8%; \nIndia, 3.3%; and Mauritius, 2.3%, as shown in \nFigure 6. \n \n \n \n \n \n \n \n48.7%\n19.8%\n8.2%\n2.8%\n1.3%\n South Africa\n United Arab Emirates\nMozambique\nBelgium\nKenya\n \n \n \n6 \n \nFigure 6: Top Five Merchandise Import \nSources (% Share). \nSource: ZIMSTAT, 2019 & RBZ Calculations, 2019 \nMerchandise Trade Balance \nThe merchandise trade developments during the \nmonth under review resulted in a trade deficit of \nUS$22.1 million. This was 49.9% lower than the \nUS$44.2 million trade deficit recorded in \nJanuary 2019. \nFigure 7: Merchandise Trade Balance \n(US$m) \nSource: ZIMSTAT, 2019 & RBZ Computations, 2019 \n \n2 Provisional figures \nMONETARY DEVELOPMENTS2 \n \nAnnual broad money supply grew by 37.94% to \n$10 398.30 in February 2019, from $7 531.61 in \nFebruary 2018. This reflected increases in \ncurrency in circulation of 39.82%; transferable \ndeposits, 47.92%; and time deposits, 0.99%. A \ndecline of 4.73% in negotiable certificates of \ndeposits (NCDs), partially offset the increases in \nthe other components of broad money. \n \nMonth-on-month, broad money supply grew by \n5.4%, from $9 857.02 million in January 2019. \n \nFigure 8: Broad Money Supply in Levels \nand Growth Rates \nSource: Reserve Bank of Zimbabwe, 2018 \nBroad money was made up of demand deposits \n80.66%; time deposits, 14.18%; currency in \ncirculation, 4.47%; and negotiable certificates \nof deposits, 0.69%. \n \n \n \n37.5%\n24.4%\n8.8%\n3.3%\n2.3%\n South Africa\n Singapore\nChina\nIndia\nMauritius\n-400.0\n-200.0\n0.0\n200.0\n400.0\n600.0\nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nExports\nImports\nTrade Balance\n0\n5\n10\n15\n20\n25\n30\n35\n40\n45\n50\n -\n 2\n 4\n 6\n 8\n 10\n 12\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\n%\n$ Billions\nM3\nM3 Annual Growth rate\n \n \n \n7 \n \nFigure 9: Composition of Money Supply \n \n \nSource: Reserve Bank of Zimbabwe, 2019 \nAnnual credit to the private sector grew by \n13.5% in February 2019, compared to an annual \ngrowth of 9.41% in January 2019. Monthly \ncredit to the private sector increased by 3.75%, \nfrom $3 912.30 million in January 2019 to $4 \n058.93 million in February 2019. \nOn a sectorial basis, the distribution of private \nsector credit was as follows: households, \n25.53%; agriculture, 20.68%; services, 15.53%; \ndistribution, 13.98%; manufacturing, 10.02%; \nfinancial organisations and investments, 3.78%; \nmining, 4.93%; construction, 3.13%; and \ntransport and communications, 2.05%. \n \n \n \n \n \n \nFigure 10: Distribution of Private Sector \nCredit \nSource: Reserve Bank of Zimbabwe, 2019 \nSTOCK MARKET DEVELOPMENTS \n \nBearish investor sentiment persisted on the \nZimbabwe Stock Exchange (ZSE), during the \nmonth of February 2019. Resultantly, the All \nShare price Index registered a 5.99% decline, \nfrom 149.33 points in January 2019 to 148.11 \npoints in February 2019. Similarly, the Top 10 \nIndex declined by 8.09%, to close at 145.47 \npoints in February 2019. \n \n \n \n \n \nDemand \ndeposits\n80.66%\nTime \nDeposits\n14.18%\nCurrency in \nCirculation\n4.47%\nNegotiable \nCertificates of \nDeposits\n0.69%\nConstruction\n3%\nTransport and \nCommunication\n2%\nMining\n5%\nFin \nOrgan & \nInvest\n4%\nDistrubution\n14%\nServices\n15%\nManufacturing\n10%\nAgriculture\n21%\nHouseholds\n26%\nOther\n0%\n \n \n \n8 \n \nFigure 11: Zimbabwe Stock Exchange All \nShare and Top 10 Indices \nSource: Zimbabwe Stock Exchange, 2019 \nThe industrial index decreased by 6.01%, from \n525.90 points in January 2019 to 494.31 points \nduring the month under review. Similarly, the \nmining index shed 2.86%, to close the month of \nFebruary 2019 at 207.03 points. \nFigure 12: Zimbabwe Stock Exchange \nIndices \nSource: Zimbabwe Stock Exchange, 2019 \nZSE share trading volumes stood at 229.94 \nmillion in February 2019, up from 122.78 \nmillion shares traded in January 2019. The value \nof shares traded increased by 1.68%, from \nUS$110.28 million in January 2019 to \nUS$295.84 million, during the month under \nreview. \nFigure 13: ZSE Monthly Volumes and \nValues Traded \n \nSource: Zimbabwe Stock Exchange, 2019 \nZSE market capitalisation declined by 5.34% to \n$19.77 billion in February 2019, from $20.89 \nbillion in the previous month. \nINFLATION OUTTURN \n \nAnnual Inflation \n \nAnnual headline inflation stood at 59.40% in \nFebruary 2019, up from 56.90% in January \n2019. This was attributed to increases in food \nand non-food inflation of 69.84% and 54.35%, \nrespectively. \n \n \n \n \n \n0.00\n50.00\n100.00\n150.00\n200.00\n250.00\n40.00\n90.00\n140.00\n190.00\n240.00\n28-Feb-18\n31-Mar-18\n30-Apr-18\n31-May-18\n30-Jun-18\n31-Jul-18\n31-Aug-18\n30-Sep-18\n31-Oct-18\n30-Nov-18\n31-Dec-18\n31-Jan-19\n28-Feb-19\nTop 10 Index\nAll Share Index\nAll Share Index\nTop 10 Index\n0\n50\n100\n150\n200\n250\n300\n0\n100\n200\n300\n400\n500\n600\n700\n800\nMining Index Points\nIndustrial Inedx Points\nIndustrial\nMining\n0\n50\n100\n150\n200\n250\n300\n350\n400\n450\n500\n0\n100\n200\n300\n400\n500\n600\n700\n800\n900\n1,000\n1,100\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nValues Traded ($ millions)\nVolumes Traded (milions)\nVolume\nTurnover\n \n \n \n9 \n \nFigure 14: Annual Inflation (%) \nSource: ZIMSTAT, 2019 \n \nMonthly Inflation \n \nMonthly inflation declined to 1.67% in February \n2019, from 10.75% in January 2019. This was \non account of decelarations in both food and \nnon-food inflation. \nMonth-on-month \nnon-food \ninflation \ndecelerated from 12.83% in January 2019 to \n0.70% in February. The non-food inflation \ncategories that contributed to the lower increase \nin month-on-month inflation were transport, \nalcoholic beverages, furniture and household \nequipment. \nMonthly food inflation also decelerated by 3.38 \npercentage points to 3.56% in February 2019, \nfrom to 6.94% recorded in January 2019. \n \nFigure 15: Month-on-Month Inflation (%)\nSource: ZIMSTAT, 2019 \n \nNATIONAL PAYMENTS SYSTEM \n \n \n \n \nThe National Payment System (NPS) processed \ntransactions amounting to $15.3 billion in \nFebruary 2019, a 12.6% increase from $13.6 \nbillion worth of transactions processed during \nthe previous month. Transaction volumes stood \nat 149.6 million in February 2019, a decline of \n16.1% from the 178.38 million recorded in the \nprevious month. \n \nZimbabwe Electronic Transfer Settlement \nSystem (ZETSS) \nDuring the month of February 2019, the value \nof transactions processed through the RTGS \nsystem stood at US8.3 billion, up from US$6.9 \nbillion. RTGS transaction volumes increased by \n13.7% to 456,537 transactions in February \n2019, from 401,514 transactions in the previous \nmonth. \n \n \n \n \n \n0\n5\n10\n15\n20\n25\n30\n35\n40\n45\n50\n55\n60\n65\n70\nFeb-18\nApr-18\nJun-18\nAug-18\nOct-18\nDec-18\nFeb-19\nHeadline Inflation\nFood\nNon Food\n-2.0\n0.0\n2.0\n4.0\n6.0\n8.0\n10.0\n12.0\n14.0\n16.0\n18.0\nFeb-18\nApr-18\nJun-18\nAug-18\nOct-18\nDec-18\nFeb-19\n \n \n \n10 \n \nFigure 16: ZETSS Volumes and Values \n \nSource: Reserve Bank of Zimbabwe, 2019 \n \nCash transactions \n \nCash based transactions increased to 328.45 \nmillion in February 2019, representing a 29.2% \nsurge from 254.13 million recorded in the \nprevious month. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nMobile and Internet Based Transactions \nThe value of mobile and internet based \ntransactions rose by 0.5% to $4.69 billion as at \nend February 2019, from $4.67 billion in \nJanuary 2019. Mobile and internet based \ntransaction volumes stood at 119.54 million \ntransactions, during the month under review. \nCard Based Transactions \nCard based transactions stood at $1.33 billion \nin February 2019, up from $1.29 billion \nrecorded in January 2019. \nCheque Transactions \nCheque transactions increased by 39.5% to 4.04 \nmillion in February 2019, from 2.89 million in \nJanuary 2019. \n \n \n \nFEBRUARY 2019 \nRESERVE BANK OF ZIMBABWE \n -\n 1.0\n 2.0\n 3.0\n 4.0\n 5.0\n 6.0\n 7.0\n 8.0\n 9.0\n0\n100\n200\n300\n400\n500\n600\n700\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nValue in $ Billions\nVolume in Thousands\nVolume\nValue\n \n11 \n \nStatistical Tables \n \nMonetary Statistics \n 1. Depository Corporations Survey \n \n \n \n13 \n 2. Central Bank Survey \n \n \n \n \n \n \n14 \n \n3. Other Depository Corporations Survey \n \n \n \n \n15 \n Other Depository Corporations \n \n4.1 Assets \n \n \n \n \n \n \n \n16 \n 4.2 Liabilities \n \n \n \n \n \n \n \n17 \n Commercial Banks \n 5.1 Assets \n \n \n \n \n18 \n 5.2 Liabilities \n \n \n \n19 \n Building Societies \n 6.1 Assets \n \n \n \n \n \n \n20 \n 6.2 Liabilities \n \n \n \n \n \n21 \n Sectoral Analysis of Bank Loans and Advances and Deposits \n \n7.1 Sectoral Analysis of Commercial Banks Loans and Advances \n22 \n \n7.2 Sectoral Analysis of Commercial Banks Deposits \n \n \n23 \n Interest Rates \n \n8.1 Lending Rates \n \n \n \n \n \n \n \n24 \n \n8.2 Banks Deposit Rates \n \n \n \n \n \n \n25 \n \n Inflation \n \n9.1 Monthly Inflation \n \n \n \n \n \n \n26 \n \n9.2 Yearly Inflation \n \n \n \n \n \n \n \n27 \n External Statistics \n \n10. Total External Debt Outstanding by Debtor \n \n \n \n28 \n 11. Exchange Rates \n \n \n \n \n \n \n \n29 \n \n \n \n \n \n12 \n \n12. Zimbabwe Stock Market Statistics \n \n \n \n \n 30 \n \n 13. National Payments System Statistics \n \n \n \n \n13.1 Values of Transactions \n \n \n \n \n 31 \n \n13.2 Volumes of Transactions \n \n \n \n \n 32 \n \n14. Merchandise Trade Statistics \n \n \n \n \n \n 33 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 13 \n \n \n \n \nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nNet Foreign Assets\n-1,370,261.96\n-1,418,260.19\n-1,632,912.01\n-1,645,842.76\n-1,725,931.55\n-1,508,217.61\n-1,499,686.15\n-1,804,600.44\n-1,815,294.15\n-1,728,377.38\n-1,725,207.58\n-1,877,294.72\n-1,874,425.56\n-4,424,467.92\nCentral Bank(net)\n-1,184,176.73\n-1,238,013.30\n-1,469,367.91\n-1,454,496.55\n-1,468,598.27\n-1,217,451.12\n-1,275,444.50\n-1,513,864.28\n-1,555,285.99\n-1,455,053.24\n-1,541,066.06\n-1,758,219.23\n-1,766,538.71\n-4,676,973.98\nForeign Assets\n296,246.77\n293,630.88\n253,622.18\n257,569.81\n314,006.88\n510,355.35\n528,307.45\n290,596.25\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n303,248.18\n853,285.31\nForeign Liabilities\n1,480,423.50\n1,531,644.18\n1,722,990.09\n1,712,066.36\n1,782,605.15\n1,727,806.48\n1,803,751.95\n1,804,460.53\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\n5,530,259.29\nOther Depository Corporations(net)\n-186,085.23\n-180,246.89\n-163,544.10\n-191,346.21\n-257,333.28\n-290,766.49\n-224,241.66\n-290,736.16\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\n252,506.07\nForeign Assets\n261,618.30\n258,085.28\n297,434.24\n261,946.07\n296,836.55\n263,405.79\n320,981.77\n244,837.54\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\n1,034,721.60\nForeign Liabilities\n447,703.53\n438,332.17\n460,978.35\n453,292.29\n554,169.83\n554,172.27\n545,223.42\n535,573.70\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\n782,215.53\nNet Domestic Assets (NDA)\n8,915,206.07\n8,949,874.35\n9,326,215.99\n9,468,421.41\n9,984,853.80\n10,351,577.44\n10,883,377.40\n11,301,536.89\n11,637,230.97\n11,491,870.79\n11,515,658.20\n11,887,199.99\n11,731,452.83\n14,813,771.42\nDomestic Claims\n10,466,916.30\n10,514,627.41\n11,000,141.88\n11,386,721.27\n11,846,066.17\n12,410,120.00\n13,195,525.47\n13,840,196.20\n14,162,804.05\n14,361,247.61\n14,642,956.80\n14,982,344.65\n15,268,955.01\n14,831,314.29\nClaims on Central Government(net)\n6,186,622.75\n6,217,153.41\n6,614,169.62\n6,945,662.37\n7,361,243.19\n7,703,126.14\n8,707,427.93\n9,245,237.20\n9,367,999.90\n9,453,371.60\n9,709,749.15\n9,992,336.76\n10,397,721.31\n9,848,404.77\nClaims on Central Government\n6,365,120.36\n6,411,440.40\n6,770,958.92\n7,083,205.15\n7,510,470.60\n7,834,035.83\n8,782,266.41\n9,319,418.72\n9,454,322.45\n9,547,216.70\n9,799,794.74\n10,074,924.82\n10,481,274.02\n9,996,649.93\nCentral Bank\n4,002,809.96\n4,073,776.80\n4,316,965.46\n4,510,854.75\n4,687,116.02\n4,961,290.78\n5,486,379.33\n5,949,540.54\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,438,578.19\n6,914,447.06\nODCs\n2,362,310.40\n2,337,663.61\n2,453,993.46\n2,572,350.40\n2,823,354.57\n2,872,745.05\n3,295,887.08\n3,369,878.18\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\n3,082,202.87\nLess Liabilities to Central Government\n178,497.61\n194,286.99\n156,789.30\n137,542.78\n149,227.40\n130,909.69\n74,838.48\n74,181.52\n86,322.55\n93,845.11\n90,045.59\n82,588.06\n83,552.71\n148,245.17\nCentral Bank\n71,168.00\n93,049.24\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n103,759.15\nODCs\n107,329.61\n101,237.76\n114,693.11\n95,572.36\n107,369.43\n89,210.62\n33,130.77\n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\nClaims on Other Sectors\n4,280,293.55\n4,297,474.00\n4,385,972.26\n4,441,058.90\n4,484,822.98\n4,706,993.86\n4,488,097.54\n4,594,959.00\n4,794,804.16\n4,907,876.01\n4,933,207.65\n4,990,007.89\n4,871,233.70\n4,982,909.52\nOther Financial Corporations\n59,033.61\n62,633.68\n69,429.67\n74,313.48\n60,319.74\n67,789.70\n133,851.47\n141,976.37\n145,256.31\n149,474.39\n146,924.77\n156,610.64\n163,570.22\n171,891.86\nState and Local Government\n55,046.17\n54,613.41\n48,750.40\n52,851.54\n51,746.27\n49,509.94\n54,356.85\n52,796.97\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\n34,253.92\nPublic Non Financial Corporations\n590,546.93\n592,869.46\n571,018.58\n584,553.05\n571,881.14\n678,604.79\n653,645.57\n675,218.20\n707,808.19\n714,396.35\n759,288.09\n737,586.90\n760,026.12\n717,834.55\nPrivate Sector\n3,575,666.84\n3,587,357.45\n3,696,773.61\n3,729,340.82\n3,800,875.83\n3,911,089.43\n3,646,243.64\n3,724,967.47\n3,890,142.17\n4,004,414.16\n3,989,955.06\n4,058,650.69\n3,912,302.09\n4,058,929.20\nCentral Bank\n14,203.44\n14,223.70\n15,959.49\n14,425.53\n19,406.23\n19,822.36\n20,351.40\n22,784.69\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\n17,036.09\nODCs\n3,561,463.40\n3,573,133.75\n3,680,814.12\n3,714,915.30\n3,781,469.60\n3,891,267.06\n3,625,892.25\n3,702,182.78\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\n4,041,893.11\nOther Items(Net)\n1,551,710.23\n1,564,753.06\n1,673,925.89\n1,918,299.85\n1,861,212.37\n2,058,542.55\n2,312,148.07\n2,538,659.31\n2,525,573.08\n2,869,376.82\n3,127,298.60\n3,095,144.66\n3,537,502.18\n17,542.87\nShares and Other Equity\n1,838,240.04\n1,868,540.56\n1,895,980.71\n1,893,321.46\n1,925,814.17\n1,993,144.37\n2,192,599.84\n2,239,731.19\n2,135,709.67\n2,187,396.87\n2,221,755.34\n2,281,378.82\n2,281,748.45\n-544,566.17\nLiabilities to Other Financial Corporations\n2,600.12\n2,920.26\n6,906.82\n16,085.12\n19,885.58\n21,559.36\n32,602.91\n33,341.07\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\n42,570.71\nRestricted Deposits\n83,202.55\n63,087.75\n58,609.87\n58,351.76\n51,411.94\n65,963.28\n41,991.83\n46,269.35\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\n8,667.49\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\n0.00\nOther Items(net)\n-372,332.47\n-369,795.52\n-287,571.51\n-49,458.49\n-135,899.32\n-22,124.46\n44,953.48\n219,317.70\n297,075.34\n571,900.47\n846,089.55\n753,702.76\n1,199,451.00\n510,870.83\nBroad Money-M3\n7,544,944.11\n7,531,614.16\n7,693,303.98\n7,822,578.65\n8,258,922.25\n8,843,359.83\n9,383,691.25\n9,496,936.45\n9,821,936.82\n9,763,493.41\n9,790,450.62\n10,009,905.27\n9,857,027.27\n10,389,303.50\nSecurities Other than Shares Included in Broad Money\n65,056.19\n75,354.27\n77,311.81\n83,964.91\n88,015.27\n66,844.08\n89,499.33\n66,484.46\n52,419.97\n61,703.77\n50,864.73\n58,584.04\n59,302.10\n71,792.12\nBroad Money-M2\n7,479,887.91\n7,456,259.89\n7,615,992.16\n7,738,613.74\n8,170,906.98\n8,776,515.75\n9,294,191.92\n9,430,452.00\n9,769,516.85\n9,701,789.65\n9,739,585.90\n9,951,321.23\n9,797,725.16\n10,317,511.39\nOther Deposits\n1,453,958.89\n1,458,797.16\n1,490,952.43\n1,374,640.48\n1,442,460.95\n1,459,140.37\n1,501,520.77\n1,524,244.03\n1,488,981.24\n1,427,834.38\n1,430,427.17\n1,508,902.47\n1,466,797.51\n1,473,224.43\nNarrow Money-M1\n6,025,929.03\n5,997,462.73\n6,125,039.73\n6,363,973.26\n6,728,446.03\n7,317,375.38\n7,792,671.15\n7,906,207.97\n8,280,535.61\n8,273,955.26\n8,309,158.73\n8,442,418.76\n8,330,927.65\n8,844,286.96\nTransferable Deposits\n5,694,853.78\n5,665,622.98\n5,784,508.89\n6,016,373.81\n6,374,245.17\n6,938,172.87\n7,365,729.27\n7,444,516.45\n7,789,665.52\n7,792,430.08\n7,817,001.46\n7,940,376.20\n7,857,164.47\n8,380,317.93\nCurrency Outside Depository Corporations\n331,075.25\n331,839.74\n340,530.85\n347,599.45\n354,200.86\n379,202.52\n426,941.88\n461,691.52\n490,870.09\n481,525.19\n492,157.27\n502,042.57\n473,763.18\n463,969.03\nSource: Reserve Bank of Zimbabwe,2019\nTABLE 1: DEPOSITORY CORPORATIONS SURVEY (US$ '000)\n \n \n \n14 \n \n \nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nNet Foreign Assets\n-1,184,176.73\n-1,238,013.30\n-1,469,367.91\n-1,454,496.55\n-1,468,598.27\n-1,217,451.12\n-1,275,444.50 -1,513,864.28 -1,555,285.99 -1,455,053.24 -1,541,066.06 -1,758,219.23 -1,766,538.71 -4,676,973.98\nClaims on Non Residents\n296,246.77\n293,630.88\n253,622.18\n257,569.81\n314,006.88\n510,355.35\n528,307.45\n290,596.25\n237,850.70\n255,482.93\n247,680.14\n295,965.66\n303,248.18\n853,285.31\nOfficial Reserves Assets\n158,151.02\n155,811.96\n151,870.93\n148,866.28\n203,306.89\n163,434.94\n180,936.77\n189,263.65\n136,268.14\n153,107.92\n137,602.74\n86,950.64\n80,847.73\n311,203.67\nOther Foreign Assets\n138,095.75\n137,818.91\n101,751.25\n108,703.53\n110,699.99\n346,920.41\n347,370.68\n101,332.60\n101,582.56\n102,375.02\n110,077.40\n209,015.01\n222,400.44\n542,081.63\nLess Liabilities to Non Residents\n1,480,423.50\n1,531,644.18\n1,722,990.09\n1,712,066.36\n1,782,605.15\n1,727,806.48\n1,803,751.95\n1,804,460.53\n1,793,136.69\n1,710,536.17\n1,788,746.20\n2,054,184.89\n2,069,786.89\n5,530,259.29\nShort Term Liabilities\n983,052.84\n1,033,413.81\n1,224,423.97\n1,213,571.58\n1,284,003.16\n1,229,630.31\n1,303,458.23 1,303,461.16 1,291,247.23 1,207,367.88 1,300,370.95 1,563,599.81 1,574,674.14 4,300,887.88\nOther Foreign Liabilities\n497,370.66\n498,230.37\n498,566.12\n498,494.78\n498,601.99\n498,176.16\n500,293.72\n500,999.37\n501,889.46\n503,168.29\n488,375.25\n490,585.08\n495,112.75 1,229,371.41\nNet Domestic Assets (NDA)\n3,659,970.31\n3,543,535.61\n3,791,063.48\n3,672,870.69\n3,825,066.36\n3,730,783.67\n4,065,390.03 4,481,716.72 4,447,028.54 4,315,628.88 4,676,984.28 5,016,440.09 4,795,543.60 7,878,025.93\nDomestic Claims\n4,407,396.99\n4,440,150.98\n4,733,231.32\n4,949,000.69\n5,100,533.66\n5,420,856.73\n6,026,539.60 6,509,710.94 6,826,230.06 6,991,768.06 7,189,089.87 7,598,696.62 7,999,682.43 7,398,364.83\nNet Claims on Central Government\n3,961,641.96\n3,980,727.56\n4,274,869.27\n4,468,884.32\n4,645,258.05\n4,919,591.70\n5,444,671.63 5,907,750.89 6,261,510.96 6,394,998.92 6,578,607.86 6,983,331.70 7,397,211.76 6,810,687.92\nClaims on Central Government\n4,002,809.96\n4,073,776.80\n4,316,965.46\n4,510,854.75\n4,687,116.02\n4,961,290.78\n5,486,379.33\n5,949,540.54\n6,303,205.89\n6,436,684.56\n6,619,938.86\n7,024,652.77\n7,438,578.19\n6,914,447.06\nOf which: Securities Other than Shares\n1,481,110.28\n1,479,552.84\n1,546,995.94\n1,560,622.17\n1,597,939.74\n1,655,951.61\n1,767,970.98 2,124,232.15 2,107,570.78 2,109,129.00 2,073,611.90 2,062,178.19 2,377,373.84 1,962,432.38\nLoans\n2,521,699.68\n2,594,223.95\n2,769,969.52\n2,950,232.58\n3,089,176.28\n3,305,339.17\n3,718,408.35\n3,825,308.38\n4,195,635.11\n4,327,555.56\n4,546,326.96\n4,962,474.58\n5,061,204.35\n4,952,014.68\n Loans and Advances\n2,246,782.40\n2,319,307.01\n2,495,052.07\n2,677,530.89\n2,816,474.69\n3,032,637.59\n3,445,708.69 3,552,608.66 3,925,152.95 3,092,815.50 3,259,847.32 3,618,214.10 3,632,085.91 3,480,989.65\n Legacy Debt\n274,917.28\n274,916.94\n274,917.46\n272,701.69\n272,701.59\n272,701.58\n272,699.66\n272,699.72\n270,482.16\n270,483.94\n270,476.30\n271,144.05\n291,998.61\n308,519.87\n Export Incentives\n356,286.07\n379,271.46\n416,035.49\n477,611.93\n530,141.11\n657,961.30\n685,670.05\n760,667.33\n878,452.43\n964,256.12\n1,016,003.35\n1,073,116.43\n1,137,119.83\n1,162,505.16\nLess Liabilities to Central Government\n41,168.00\n93,049.24\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n103,759.15\nOf which: Deposits\n41,168.00\n93,049.24\n42,096.19\n41,970.42\n41,857.98\n41,699.08\n41,707.71\n41,789.64\n41,694.93\n41,685.64\n41,331.00\n41,321.07\n41,366.44\n103,759.15\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\n0.00\nClaims on Other Sectors\n445,755.03\n459,423.42\n458,362.05\n480,116.36\n455,275.61\n501,265.03\n581,867.98\n601,960.04\n564,719.10\n596,769.14\n610,482.01\n615,364.93\n602,470.67\n587,676.91\nOther Financial Corporations\n19,721.47\n21,217.48\n22,351.28\n27,040.76\n23,338.60\n25,383.43\n89,858.36\n90,693.36\n93,173.28\n95,076.36\n92,865.03\n104,283.41\n109,152.02\n121,634.35\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\n0.00\nPublic Non Financial Corporations\n411,830.12\n423,982.23\n420,051.27\n438,650.07\n412,530.77\n456,059.23\n471,658.22\n488,482.00\n450,432.88\n480,359.88\n496,226.90\n489,746.16\n476,287.89\n449,006.47\nPrivate Sector\n14,203.44\n14,223.70\n15,959.49\n14,425.53\n19,406.23\n19,822.36\n20,351.40\n22,784.69\n21,112.94\n21,332.89\n21,390.08\n21,335.35\n17,030.76\n17,036.09\nClaims on Other Depository Corporations\n204,516.36\n207,966.83\n215,726.13\n160,379.82\n270,870.78\n289,295.02\n301,846.44\n306,132.79\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n330,900.10\nOf which: Loans\n204,516.36\n207,966.83\n215,726.13\n160,379.82\n270,870.78\n289,295.02\n301,846.44\n306,132.79\n306,155.60\n316,177.15\n379,173.85\n393,735.95\n418,332.74\n330,900.10\nOther Liabilities to ODCs\n725,157.20\n894,833.23\n957,558.02\n1,227,106.07\n1,351,211.59\n1,762,290.93\n1,996,438.50 2,054,141.40 2,395,312.12 2,682,243.65 2,626,664.31 2,739,770.63 3,367,888.49 2,509,676.59\nOf which: Aftrades Balances\n434,271.39\n392,081.59\n392,086.59\n393,049.36\n393,054.36\n445,143.93\n463,755.70\n489,416.24\n483,497.99\n388,000.00\n388,000.00\n388,000.00\n388,000.00\n0.00\n Securities\n239,009.68\n433,102.50\n492,624.92\n726,718.83\n844,572.29\n1,181,913.83\n1,425,661.22\n1,486,721.94\n1,823,973.56\n2,083,075.39\n1,964,016.64\n2,135,541.16\n2,726,599.60\n2,314,291.29\nOther Items(Net)\n226,785.84\n209,748.97\n200,335.95\n209,403.74\n195,126.49\n217,077.15\n266,557.51\n279,985.61\n290,045.02\n310,072.68\n264,615.13\n236,221.85\n254,583.08\n-2,658,437.58\nShares and Other Equity\n331,769.05\n339,808.29\n340,070.83\n350,685.43\n351,770.33\n360,766.36\n433,728.61\n444,671.00\n454,134.87\n466,363.60\n467,391.73\n475,653.19\n464,456.24\n-2,402,232.48\nOther Items(Net)\n-188,185.76\n-193,147.08\n-198,344.74\n-199,633.45\n-208,055.78\n-209,652.49\n-209,162.93\n-210,954.74\n-210,281.05\n-224,343.90\n-219,916.07\n-260,446.06\n-226,959.59\n-264,872.60\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\n0.00\nDeposits and Securities Excluded from Base Money\n83,202.55\n63,087.75\n58,609.87\n58,351.76\n51,411.94\n65,963.28\n41,991.83\n46,269.35\n46,191.19\n68,052.98\n17,139.46\n21,014.72\n17,086.44\n8,667.49\nMonetary Base Incl. foreign currency clearing balances\nMonetary Base \n2,475,793.57\n2,305,522.30\n2,321,695.57\n2,218,374.14\n2,356,468.08\n2,513,332.55\n2,789,945.53 2,967,852.44 2,891,742.55 2,860,575.65 3,135,918.22 3,258,220.86 3,029,004.88 3,201,051.95\nBond Coins\n63,474.09\n62,494.37\n68,055.24\n73,367.25\n79,420.27\n80,593.64\n80,812.71\n84,872.46\n86,177.94\n86,521.28\n86,507.82\n86,558.34\n86,671.08\n86,794.17\nBond Notes\n291,016.99\n289,314.98\n289,183.09\n289,120.92\n288,935.32\n307,595.14\n366,738.89\n399,951.59\n422,933.66\n434,935.71\n436,225.70\n435,985.12\n436,131.63\n436,825.58\nLiabilities to ODCs\n2,071,823.24\n1,908,121.60\n1,920,236.39\n1,813,681.70\n1,924,872.37\n2,112,051.33\n2,294,108.09 2,406,600.92 2,296,266.80 2,282,181.13 2,545,140.17 2,718,472.21 2,431,429.69 2,620,801.43\nReserve Deposits\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n0.00\n399,643.22\n393,439.26\n395,649.57\n387,117.92\nOther\n2,071,823.24\n1,908,121.60\n1,920,236.39\n1,813,681.70\n1,924,872.37\n2,112,051.33\n2,294,108.09 2,406,600.92 2,296,266.80 2,282,181.13 2,145,496.95 2,325,032.95 2,035,780.12 2,233,683.51\nPrivate Deposits\n49,479.26\n45,591.35\n44,220.86\n42,204.27\n63,240.13\n13,092.44\n48,285.84\n76,427.47\n86,364.15\n56,937.52\n68,044.53\n17,205.18\n74,772.49\n56,630.77\nSource: Reserve Bank of Zimbabwe,2019\nTABLE 2: CENTRAL BANK SURVEY (US$'000)\n \n \n \n15 \n \n \nJan-18\nFeb-18\nMar-18\nApr-18\nMay-18\nJun-18\nJul-18\nAug-18\nSep-18\nOct-18\nNov-18\nDec-18\nJan-19\nFeb-19\nNet Foreign Assets\n-186,085.23\n-180,246.89\n-163,544.10\n-191,346.21\n-257,333.28\n-290,766.49\n-224,241.66\n-290,736.16\n-260,008.17\n-273,324.14\n-184,141.52\n-119,075.49\n-107,886.85\n252,506.07\nClaims on Non Residents\n261,618.30\n258,085.28\n297,434.24\n261,946.07\n296,836.55\n263,405.79\n320,981.77\n244,837.54\n299,508.91\n308,206.84\n359,199.07\n405,848.41\n422,803.54\n1,034,721.60\nOf Which: Foreign Currency\n66,893.60\n46,795.21\n57,869.75\n61,873.54\n71,684.03\n58,497.99\n61,888.30\n72,330.74\n61,523.80\n70,410.81\n84,619.66\n94,485.74\n113,427.55\n256,754.30\nDeposits\n193,840.58\n210,411.05\n238,758.58\n199,270.91\n224,360.39\n204,103.25\n206,979.87\n171,610.30\n237,075.06\n236,895.75\n273,677.73\n310,319.40\n307,770.08\n776,043.16\nOther\n884.13\n879.01\n805.91\n801.63\n792.13\n804.54\n52,113.60\n896.50\n910.05\n900.29\n901.68\n1,043.27\n1,605.91\n1,924.14\nLess Liabilities to Non Residents\n447,703.53\n438,332.17\n460,978.35\n453,292.29\n554,169.83\n554,172.27\n545,223.42\n535,573.70\n559,517.07\n581,530.99\n543,340.59\n524,923.90\n530,690.39\n782,215.53\nOf Which: Deposits\n61,969.26\n55,256.42\n85,081.69\n75,827.46\n77,458.35\n76,977.43\n71,906.41\n61,764.73\n91,213.72\n115,149.81\n86,609.01\n81,573.41\n81,808.20\n172,568.31\nLoans\n385,734.27\n383,075.75\n375,896.65\n377,464.82\n476,711.48\n477,194.84\n473,317.01\n473,808.97\n468,303.36\n466,381.17\n456,731.58\n443,350.50\n448,882.19\n609,647.22\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\n0.00\nNet Domestic Assets (NDA)\n7,350,474.82\n \n7,334,429.96\n \n7,472,096.38\n \n7,624,121.15\n \n8,098,814.54\n \n8,741,831.36\n \n9,132,705.19\n \n9,249,553.63\n9,504,710.75\n9,498,354.86\n9,414,390.34\n9,609,733.01\n9,416,378.45\n9,616,197.64\nDomestic Claims\n6,089,519.31\n \n6,074,476.43\n \n6,266,910.56\n \n6,437,720.58\n \n6,745,532.52\n \n6,989,263.27\n \n7,168,985.87\n \n7,330,485.27\n7,336,573.99\n7,369,479.55\n7,453,866.93\n7,383,648.03\n7,269,272.57\n7,432,949.46\nNet Claims on Central Government\n2,254,980.79\n \n2,236,425.85\n \n2,339,300.34\n \n2,476,778.04\n \n2,715,985.15\n \n2,783,534.43\n \n3,262,756.31\n \n3,337,486.31\n3,106,488.93\n3,058,372.68\n3,131,141.29\n3,009,005.06\n3,000,509.55\n3,037,716.85\nClaims on Central Government\n2,362,310.40\n \n2,337,663.61\n \n2,453,993.46\n \n2,572,350.40\n \n2,823,354.57\n \n2,872,745.05\n \n3,295,887.08\n \n3,369,878.18\n3,151,116.56\n3,110,532.15\n3,179,855.88\n3,050,272.06\n3,042,695.82\n3,082,202.87\nSecurities\n2,335,991.08\n \n2,313,377.59\n \n2,434,830.12\n \n2,558,912.76\n \n2,814,916.90\n \n2,865,309.79\n \n3,291,375.03\n \n3,362,827.03\n3,145,693.06\n3,105,944.58\n3,172,866.99\n3,044,069.03\n3,038,282.27\n3,076,367.83\nLoans\n26,319.33\n \n24,286.02\n \n19,163.34\n \n13,437.64\n \n8,437.68\n \n7,435.26\n \n4,512.05\n \n7,051.15\n5,423.50\n4,587.57\n6,988.90\n6,203.03\n4,413.55\n5,835.04\nOther \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \n-\n \nLess Liabilities to Central Government\n107,329.61\n \n101,237.76\n \n114,693.11\n \n95,572.36\n \n107,369.43\n \n89,210.62\n \n33,130.77\n \n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\nOf which: Deposits\n107,329.61\n \n101,237.76\n \n114,693.11\n \n95,572.36\n \n107,369.43\n \n89,210.62\n \n33,130.77\n \n32,391.88\n44,627.63\n52,159.47\n48,714.59\n41,267.00\n42,186.27\n44,486.02\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\n0.00\nClaims on Other Sectors\n3,834,538.52\n \n3,838,050.58\n \n3,927,610.21\n \n3,960,942.53\n \n4,029,547.37\n \n4,205,728.83\n \n3,906,229.56\n \n3,992,998.96\n4,230,085.05\n4,311,106.88\n4,322,725.64\n4,374,642.97\n4,268,763.02\n4,395,232.61\nOther Financial Corporations\n39,312.14\n \n41,416.20\n \n47,078.39\n \n47,272.71\n \n36,981.14\n \n42,406.27\n \n43,993.11\n \n51,283.01\n52,083.02\n54,398.03\n54,059.74\n52,327.23\n54,418.20\n50,257.50\nState and Local Government\n55,046.17\n \n54,613.41\n \n48,750.40\n \n52,851.54\n \n51,746.27\n \n49,509.94\n \n54,356.85\n \n52,796.97\n51,597.49\n39,591.11\n37,039.73\n37,159.65\n35,335.26\n34,253.92\nPublic Non Financial Corporations\n178,716.82\n \n168,887.22\n \n150,967.31\n \n145,902.98\n \n159,350.37\n \n222,545.56\n \n181,987.35\n \n186,736.20\n257,375.31\n234,036.46\n263,061.19\n247,840.74\n283,738.23\n268,828.08\nPrivate Sector\n3,561,463.40\n \n3,573,133.75\n \n3,680,814.12\n \n3,714,915.30\n \n3,781,469.60\n \n3,891,267.06\n \n3,625,892.25\n \n3,702,182.78\n3,869,029.24\n3,983,081.27\n3,968,564.98\n4,037,315.34\n3,895,271.33\n4,041,893.11\nClaims on the Central Bank\n2,551,893.63\n \n2,536,743.85\n \n2,474,448.22\n \n2,438,430.82\n \n2,557,149.58\n \n3,089,939.84\n \n3,471,170.30\n \n3,498,784.50\n3,799,833.82\n3,811,216.96\n3,726,890.73\n3,969,951.54\n3,950,061.19\n3,824,458.20\nCurrency\n23,415.822\n \n19,969.614\n \n16,707.478\n \n14,888.726\n \n14,154.729\n \n8,986.260\n \n20,609.732\n \n23,132.54\n18,241.51\n39,931.81\n30,576.25\n20,500.90\n49,039.52\n59,650.72\nOther Claims including Reserves\n2,528,477.81\n \n2,516,774.24\n \n2,457,740.74\n \n2,423,542.10\n \n2,542,994.86\n \n3,080,953.58\n \n3,450,560.57\n \n3,475,651.96\n3,781,592.32\n3,771,285.15\n3,696,314.48\n3,949,450.64\n3,901,021.67\n3,764,807.48\nLiabilities to the Central Bank\n115,100.80\n \n111,232.81\n \n140,468.21\n \n82,369.89\n \n101,470.93\n \n119,810.71\n \n118,944.97\n \n136,950.59\n142,244.29\n147,588.60\n213,749.43\n229,588.29\n239,529.91\n158,887.13\nOther Items(Net)\n1,175,837.32\n \n1,165,557.51\n \n1,128,794.20\n \n1,169,660.36\n \n1,102,396.63\n \n1,217,561.04\n \n1,388,506.01\n \n1,442,765.55\n1,489,452.77\n1,534,753.06\n1,552,617.90\n1,514,278.27\n1,563,425.41\n1,482,322.89\nShares and Other Equity\n1,506,470.99\n \n1,528,732.27\n \n1,555,909.88\n \n1,542,636.03\n \n1,574,043.84\n \n1,632,378.01\n \n1,758,871.23\n \n1,795,060.19\n1,681,574.79\n1,721,033.27\n1,754,363.61\n1,805,725.63\n1,817,292.21\n1,857,666.31\nLiabilities to other ressident sectors\n2,600.12\n \n2,920.26\n \n6,906.82\n \n16,085.12\n \n19,885.58\n \n21,559.36\n \n32,602.91\n \n33,341.07\n46,596.88\n42,026.50\n42,314.24\n39,048.36\n39,216.29\n42,570.71\nOther Items(Net)\n(333,233.80)\n \n(366,095.02)\n \n(434,022.51)\n \n(389,060.79)\n \n(491,532.80)\n \n(436,376.33)\n \n(402,968.13)\n \n-385,635.72\n-238,718.90\n-228,306.72\n-244,059.95\n-330,495.73\n-293,083.09\n-417,914.13\nDeposits and Securities Included in Broad Mone\n7,164,389.60\n \n7,154,183.07\n \n7,308,552.27\n \n7,432,774.94\n \n7,841,481.27\n \n8,451,064.87\n \n8,908,463.53\n \n8,958,817.46\n9,244,702.58\n9,225,030.71\n9,230,248.82\n9,490,657.52\n9,308,491.60\n9,868,703.71\nDeposits Included in Broad Money\n7,099,333.40\n \n7,078,828.80\n \n7,231,240.46\n \n7,348,810.03\n \n7,753,466.00\n \n8,384,220.79\n \n8,818,964.20\n \n8,892,333.01\n \n9,192,282.61\n \n9,163,326.94\n \n9,179,384.09\n \n9,432,073.48\n \n9,249,189.49\n \n9,796,911.59\n \nTransferable Deposits\n5,645,374.52\n5,620,031.64\n5,740,288.03\n5,974,169.54\n6,311,005.04\n6,925,080.42\n7,317,443.43\n7,368,088.98\n7,703,301.37\n7,735,492.56\n7,748,956.93\n7,923,171.01\n \n7,782,391.98\n \n8,323,687.16\n \n of which FCAs\n149,041.84\n139,613.34\n343,305.00\n \n418,087.02\n \n1,190,521.05\n \nOther Deposits\n1,453,958.89\n \n1,458,797.16\n \n1,490,952.43\n \n1,374,640.48\n \n1,442,460.95\n \n1,459,140.37\n \n1,501,520.77\n \n1,524,244.03\n \n1,488,981.24\n \n1,427,834.38\n \n1,430,427.17\n1,508,902.47\n \n1,466,797.51\n1,473,224.43\nMoney Market Instruments\n65,056.19\n \n75,354.27\n \n77,311.81\n \n83,964.91\n \n88,015.27\n \n66,844.08\n \n89,499.33\n \n66,484.46\n \n52,419.97\n \n61,703.77\n \n50,864.73\n \n58,584.04\n \n59,302.10\n \n71,792.12\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 3 : OTHER DEPOSITORY CORPORATIONS SURVEY ( US '000)\n \n \n \n16 \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\nGovernment\n1 Governemt\nOther\n2\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\n2017\nJan\n20.2\n \n111.0\n \n1,455.0\n \n239.8\n \n132.7\n \n27.0\n1,654.5\n20.8\n15.4\n3.6\n15.9\n15.1\n69.2\n3,394.7\n57.5\n395.7\n383.4\n630.4\n8,642.1\nFeb\n19.3\n \n96.8\n \n1,488.5\n \n251.8\n \n145.1\n \n48.6\n1,714.0\n20.1\n15.5\n3.2\n15.0\n14.9\n68.9\n3,177.9\n236.8\n398.5\n400.0\n631.1\n8,746.0\nMar\n12.6\n \n66.4\n \n1,485.9\n \n260.5\n \n154.9\n \n53.5\n1,794.1\n18.7\n15.7\n3.8\n15.7\n15.7\n70.7\n3,460.5\n67.2\n422.4\n442.5\n635.1\n8,995.8\nApr\n10.7\n \n67.8\n \n1,495.2\n \n249.4\n \n219.3\n \n51.4\n1,954.0\n17.8\n15.8\n3.6\n15.8\n16.9\n74.5\n3,449.5\n24.6\n489.1\n398.8\n644.6\n9,199.0\nMay\n13.4\n \n56.9\n \n1,492.4\n \n272.5\n \n170.2\n \n75.3\n1,968.9\n20.3\n15.7\n33.6\n16.7\n16.3\n72.9\n3,447.8\n82.4\n486.1\n421.7\n644.4\n9,307.6\nJun\n7.4\n \n57.1\n \n1,674.9\n \n350.3\n \n92.1\n \n110.6\n2,014.2\n19.0\n16.0\n35.0\n47.9\n16.5\n82.9\n3,494.3\n92.8\n533.5\n408.9\n649.6\n9,702.8\nJul\n7.1\n \n45.2\n \n1,807.4\n \n302.3\n \n63.1\n \n103.6\n1,982.8\n17.2\n26.1\n34.4\n45.2\n16.9\n116.8\n3,417.1\n86.8\n513.6\n432.9\n635.8\n9,654.3\nAug\n12.3\n \n40.6\n \n2,061.9\n \n276.6\n \n165.3\n \n7.9\n2,100.9\n16.3\n26.3\n64.6\n41.3\n18.0\n145.5\n3,494.5\n78.6\n531.8\n403.7\n639.5\n10,125.5\nSep\n12.0\n \n38.1\n \n2,110.4\n \n226.8\n \n179.7\n \n31.3\n2,248.9\n16.1\n23.5\n65.0\n41.5\n15.6\n118.8\n3,554.4\n78.0\n472.8\n415.6\n655.1\n10,303.5\nOct\n8.7\n \n41.8\n \n2,139.3\n \n254.1\n \n190.8\n \n61.0\n2,372.1\n15.4\n24.4\n65.1\n34.8\n17.8\n99.6\n3,599.1\n82.0\n432.4\n459.3\n667.3\n10,564.9\nNov\n9.8\n \n46.1\n \n2,315.5\n \n289.8\n \n184.2\n \n74.3\n2,487.7\n18.8\n23.5\n65.4\n32.3\n19.6\n107.3\n3,608.7\n76.8\n417.7\n505.6\n672.5\n10,955.5\nDec\n12.6\n \n58.1\n \n2,592.0\n \n276.0\n \n213.4\n \n66.6\n2,397.2\n26.8\n23.5\n66.3\n29.4\n19.4\n145.5\n3,581.3\n92.2\n508.3\n509.3\n699.9\n11,317.7\n2018\nJan\n23.4\n \n66.9\n \n2,528.5\n \n291.2\n \n111.9\n \n81.9\n2,336.0\n34.5\n23.5\n65.9\n26.3\n20.6\n155.3\n3,461.2\n74.6\n501.0\n457.8\n700.8\n10,961.1\nFeb\n20.0\n \n46.8\n \n2,516.8\n \n347.6\n \n114.2\n \n96.2\n2,313.4\n33.5\n23.5\n66.1\n24.3\n21.1\n145.4\n3,527.1\n22.2\n507.8\n434.5\n697.8\n10,958.3\nMar\n16.7\n \n57.9\n \n2,457.7\n \n312.8\n \n139.2\n \n99.5\n2,434.8\n32.8\n23.5\n66.7\n19.2\n15.9\n127.5\n3,637.8\n24.2\n504.1\n487.4\n710.3\n11,168.1\nApr\n14.9\n \n61.9\n \n2,423.5\n \n337.0\n \n120.8\n \n78.5\n2,558.9\n32.0\n24.7\n67.0\n13.4\n20.9\n121.2\n3,674.0\n22.1\n532.0\n459.2\n715.7\n11,277.5\nMay\n14.2\n \n71.7\n \n2,543.0\n \n477.8\n \n138.6\n \n85.7\n2,814.9\n30.9\n25.0\n66.9\n8.4\n20.9\n134.4\n3,740.3\n12.0\n458.9\n457.2\n718.2\n11,819.1\nJun\n9.0\n \n58.5\n \n3,081.0\n \n509.8\n \n120.0\n \n84.1\n2,865.3\n30.1\n26.2\n66.5\n7.4\n19.4\n196.4\n3,829.3\n38.6\n551.4\n448.1\n730.7\n12,671.8\nJul\n20.6\n \n61.9\n \n3,450.6\n \n466.4\n \n111.6\n \n95.4\n3,291.4\n33.3\n0.0\n67.5\n4.5\n21.0\n182.0\n3,500.6\n153.9\n611.4\n472.5\n732.0\n13,276.5\nAug\n23.1\n \n72.3\n \n3,475.7\n \n377.8\n \n105.3\n \n66.3\n3,362.8\n32.2\n0.0\n67.3\n7.1\n20.6\n186.7\n3,585.1\n102.0\n647.7\n489.9\n736.1\n13,358.0\nSep\n18.2\n \n61.5\n \n3,781.6\n \n398.1\n \n159.1\n \n78.0\n3,145.7\n31.2\n45.2\n68.1\n5.4\n20.4\n212.2\n3,734.2\n119.7\n637.4\n527.8\n742.6\n13,786.4\nOct\n39.9\n \n70.4\n \n3,771.3\n \n368.3\n \n185.5\n \n51.4\n3,105.9\n30.2\n45.2\n68.4\n4.6\n9.4\n188.8\n3,838.0\n132.0\n647.5\n537.8\n743.0\n13,837.7\nNov\n30.6\n \n84.6\n \n3,696.3\n \n300.6\n \n209.8\n \n63.9\n3,172.9\n28.9\n45.2\n68.7\n7.0\n8.1\n217.7\n3,813.2\n141.9\n633.2\n581.9\n742.4\n13,846.8\nDec\n20.5\n \n94.5\n \n3,949.5\n \n439.6\n \n235.5\n \n74.8\n3,044.1\n28.0\n43.4\n69.2\n6.2\n9.2\n204.3\n3,870.5\n151.2\n573.8\n612.5\n812.4\n14,239.0\n2019\nJan\n49.0\n \n113.4\n \n3,901.0\n \n401.9\n \n261.6\n \n46.1\n3,038.3\n27.3\n94.6\n68.7\n4.4\n8.1\n189.2\n3,773.5\n109.1\n517.2\n592.3\n827.7\n14,023.5\nFeb\n59.7\n \n256.8\n \n3,764.8\n \n357.1\n \n570.4\n \n205.7\n3,076.4\n26.5\n60.5\n2.0\n5.8\n7.7\n208.3\n3,991.5\n100.5\n490.7\n669.1\n880.0\n14,733.6\nSource:Reserve Bank of Zimbabwe,2019\nPublic \nEnterprises\nTABLE 4.1: OTHER DEPOSITORY CORPORATIONS -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n17 \n \n \nDebt Securities Foreign Liabilities\nCapital\nContigent\nOther\nTOTAL\nand\nLiablities\nLiablities\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Jan\n3,263.8\n720.5\n1,544.9\n5,529.3\n429.8\n53.1\n6,012.2\n50.6\n271.2\n0.0\n104.5\n41.1\n1,360.2\n395.7\n406.6\n8,642.1\n Feb\n3,325.9\n722.0\n1,552.6\n5,600.5\n426.0\n55.3\n6,081.7\n59.3\n270.8\n0.0\n126.1\n43.4\n1,365.8\n398.5\n400.4\n8,746.0\n Mar\n3,429.2\n715.7\n1,529.9\n5,674.7\n461.0\n86.9\n6,222.6\n60.2\n249.6\n1.8\n134.9\n41.9\n1,426.8\n422.4\n435.7\n8,995.8\n Apr\n3,555.8\n813.7\n1,530.7\n5,900.2\n450.9\n76.2\n6,427.3\n63.3\n251.1\n0.0\n117.4\n41.9\n1,382.2\n489.1\n426.7\n9,199.0\n May\n3,593.7\n798.7\n1,558.4\n5,950.8\n454.6\n75.1\n6,480.5\n61.4\n243.5\n0.0\n95.2\n42.2\n1,448.6\n486.1\n450.1\n9,307.6\n Jun\n3,851.4\n825.6\n1,538.9\n6,215.9\n497.6\n73.7\n6,787.2\n65.7\n259.5\n0.0\n108.9\n46.6\n1,455.9\n533.5\n445.6\n9,702.8\n Jul\n3,845.0\n837.2\n1,600.1\n6,282.3\n503.0\n78.1\n6,863.3\n66.3\n162.2\n0.0\n99.5\n35.6\n1,463.2\n513.6\n450.7\n9,654.3\n Aug\n4,257.2\n927.5\n1,604.9\n6,789.6\n451.2\n88.3\n7,329.1\n71.1\n158.2\n0.0\n79.1\n22.8\n1,478.4\n531.8\n454.9\n10,125.5\n Sep\n4,622.2\n932.4\n1,571.4\n7,126.0\n383.4\n55.2\n7,564.6\n55.8\n151.1\n0.0\n67.4\n32.1\n1,494.5\n472.8\n465.2\n10,303.5\n Oct\n4,825.8\n1,010.8\n1,460.8\n7,297.4\n410.7\n43.1\n7,751.2\n63.0\n153.9\n0.0\n73.1\n42.0\n1,537.5\n432.4\n511.7\n10,564.9\n Nov\n5,090.7\n1,047.9\n1,450.2\n7,588.7\n454.9\n34.7\n8,078.3\n66.5\n151.3\n0.0\n84.5\n60.2\n1,562.7\n417.7\n534.3\n10,955.5\n Dec\n5,144.5\n1,127.4\n1,401.7\n7,673.6\n407.8\n94.6\n8,176.0\n68.6\n173.1\n113.7\n100.7\n6.2\n1,663.1\n508.3\n508.1\n11,317.7\n2018\nJan\n4,640.2\n1,008.1\n1,454.0\n7,102.2\n406.5\n107.3\n7,616.1\n65.1\n444.8\n115.1\n49.1\n2.6\n1,645.3\n501.0\n522.1\n10,961.1\nFeb\n4,633.7\n989.2\n1,458.8\n7,081.7\n418.7\n101.2\n7,601.7\n75.4\n435.4\n111.2\n92.8\n2.9\n1,620.1\n507.8\n511.0\n10,958.3\nMar\n4,732.9\n1,007.5\n1,491.0\n7,231.4\n365.0\n114.7\n7,711.0\n77.3\n460.8\n140.5\n89.2\n6.9\n1,654.7\n504.1\n523.4\n11,168.1\nApr\n4,907.7\n1,066.6\n1,374.6\n7,349.0\n387.8\n95.6\n7,832.3\n84.0\n453.1\n82.4\n68.8\n16.1\n1,641.9\n532.0\n567.0\n11,277.5\nMay\n5,172.9\n1,138.2\n1,442.5\n7,753.6\n442.8\n107.4\n8,303.8\n88.0\n554.0\n101.5\n94.9\n19.9\n1,671.5\n458.9\n526.5\n11,819.1\nJune\n5,650.6\n1,274.7\n1,459.1\n8,384.4\n438.0\n89.2\n8,911.6\n66.8\n554.0\n119.8\n173.4\n21.6\n1,707.5\n551.4\n565.7\n12,671.8\nJuly\n5,902.3\n1,415.3\n1,501.5\n8,819.1\n424.4\n33.1\n9,276.7\n89.5\n545.1\n118.9\n132.9\n32.6\n1,846.0\n611.4\n623.4\n13,276.5\nAug\n6,005.7\n1,362.6\n1,524.2\n8,892.5\n399.6\n32.4\n9,324.5\n66.5\n535.4\n137.0\n119.5\n33.3\n1,882.9\n647.7\n611.2\n13,358.0\nSep\n6,281.7\n1,421.8\n1,489.0\n9,192.4\n439.0\n44.6\n9,676.1\n52.4\n559.4\n142.2\n129.1\n46.6\n1,913.4\n637.4\n629.7\n13,786.4\nOct\n6,345.7\n1,390.0\n1,427.8\n9,163.5\n435.2\n52.2\n9,650.8\n61.7\n581.4\n147.6\n93.4\n42.0\n1,957.6\n647.5\n655.7\n13,837.7\nNov\n6,419.8\n1,329.4\n1,430.4\n9,179.6\n366.8\n48.7\n9,595.1\n50.9\n543.1\n213.7\n74.8\n42.3\n1,991.6\n633.2\n702.1\n13,846.8\nDec\n6,601.1\n1,322.2\n1,508.9\n9,432.2\n394.5\n41.3\n9,868.0\n58.6\n524.7\n229.6\n187.8\n39.0\n2,057.7\n573.8\n699.7\n14,239.0\n2019\nJan\n6,626.6\n1,155.9\n1,466.8\n9,249.4\n381.0\n42.2\n9,672.5\n59.3\n530.5\n239.5\n188.3\n39.2\n2,047.0\n517.2\n729.8\n14,023.5\nFeb\n7,168.7\n1,155.1\n1,473.2\n9,797.1\n387.8\n44.5\n10,229.3\n71.8\n782.0\n158.9\n151.7\n42.6\n2,145.1\n490.7\n661.5\n14,733.6\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 4.2 : OTHER DEPOSITORY CORPORATIONS - LIABILITIES \nDeposits\nAmounts Owing to\nUS$ millions\n \n \n \n18 \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\nGovernment\n1\nLocal Governemt\nPublic Enterprises\nOther\n2\nGovernment\nGovernment\nEnterprises\n Institutional Units\n3\nOther claims\nAssets\nOther Assets\nAssets\nCoins\nCoin\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJan\n17.7\n \n103.8\n \n1,322.4\n \n81.9\n \n128.2\n \n27.0\n \n1,485.0\n \n-\n \n15.4\n \n3.6\n \n15.9\n \n15.1\n \n68.6\n \n2,467.7\n \n53.9\n \n395.7\n \n251.9\n \n479.3\n \n6,933.1\n \nFeb\n16.3\n \n89.4\n \n1,396.1\n \n96.1\n \n137.3\n \n48.6\n \n1,502.5\n \n-\n \n15.5\n \n3.2\n \n15.0\n \n14.9\n \n68.2\n \n2,238.9\n \n239.7\n \n398.5\n \n266.0\n \n480.1\n \n7,026.4\n \nMar\n10.7\n \n63.3\n \n1,421.4\n \n83.2\n \n150.7\n \n53.5\n \n1,578.7\n \n-\n \n15.7\n \n3.8\n \n15.7\n \n15.7\n \n69.9\n \n2,554.3\n \n23.7\n \n422.4\n \n314.5\n \n484.0\n \n7,281.0\n \nApr\n9.8\n \n64.1\n \n1,383.4\n \n75.9\n \n209.0\n \n51.4\n \n1,744.4\n \n-\n \n15.8\n \n3.6\n \n15.8\n \n16.9\n \n74.0\n \n2,493.3\n \n26.4\n \n489.1\n \n263.7\n \n492.6\n \n7,429.3\n \nMay\n12.4\n \n52.6\n \n1,376.3\n \n119.9\n \n159.1\n \n75.3\n \n1,739.8\n \n-\n \n15.7\n \n33.6\n \n16.7\n \n16.3\n \n72.4\n \n2,528.3\n \n28.4\n \n486.1\n \n290.7\n \n492.0\n \n7,515.6\n \nJun\n7.0\n \n53.3\n \n1,578.5\n \n141.4\n \n82.2\n \n110.6\n \n1,786.8\n \n-\n \n16.0\n \n35.0\n \n47.9\n \n16.5\n \n82.2\n \n2,583.5\n \n23.9\n \n533.5\n \n273.6\n \n497.3\n \n7,869.2\n \nJul\n6.7\n \n40.9\n \n1,684.5\n \n137.6\n \n53.7\n \n103.6\n \n1,752.4\n \n-\n \n26.1\n \n34.4\n \n45.2\n \n16.9\n \n116.3\n \n2,495.4\n \n24.2\n \n513.6\n \n295.5\n \n482.1\n \n7,829.0\n \nAug\n11.8\n \n37.1\n \n1,882.4\n \n124.3\n \n161.2\n \n7.9\n \n1,856.2\n \n-\n \n26.3\n \n64.6\n \n41.3\n \n18.0\n \n145.0\n \n2,538.1\n \n23.8\n \n531.8\n \n272.6\n \n485.7\n \n8,228.1\n \nSep\n11.4\n \n35.8\n \n1,961.8\n \n109.6\n \n172.7\n \n31.3\n \n1,998.0\n \n-\n \n23.5\n \n65.0\n \n41.5\n \n15.6\n \n118.2\n \n2,585.7\n \n28.3\n \n472.8\n \n281.3\n \n487.7\n \n8,440.0\n \nOct\n8.1\n \n40.5\n \n1,961.8\n \n143.7\n \n175.7\n \n61.0\n \n2,106.6\n \n-\n \n24.4\n \n65.1\n \n34.8\n \n17.8\n \n99.1\n \n2,607.0\n \n29.4\n \n432.4\n \n287.8\n \n508.9\n \n8,604.1\n \nNov\n9.0\n \n45.1\n \n2,126.7\n \n161.1\n \n174.7\n \n74.3\n \n2,230.4\n \n-\n \n23.5\n \n65.4\n \n32.3\n \n19.6\n \n106.9\n \n2,618.1\n \n26.4\n \n417.7\n \n324.2\n \n511.4\n \n8,966.9\n \nDec\n11.4\n \n55.3\n \n2,373.9\n \n141.5\n \n203.5\n \n66.6\n \n2,128.7\n \n-\n \n23.5\n \n66.3\n \n29.4\n \n19.4\n \n145.0\n \n2,579.8\n \n40.0\n \n508.3\n \n324.5\n \n536.4\n \n9,253.6\n \n2018\nJan\n22.4\n \n64.1\n \n2,294.5\n \n192.1\n \n103.4\n \n81.9\n \n2,143.2\n \n-\n \n23.5\n \n65.9\n \n26.3\n \n20.6\n \n154.8\n \n2,451.1\n \n28.7\n \n501.0\n \n294.2\n \n538.9\n \n9,006.6\n \nFeb\n18.3\n \n44.0\n \n2,296.8\n \n223.7\n \n108.3\n \n96.2\n \n2,109.3\n \n-\n \n23.5\n \n66.1\n \n24.3\n \n21.1\n \n145.0\n \n2,461.5\n \n28.7\n \n507.8\n \n290.6\n \n536.3\n \n9,001.5\n \nMar\n14.8\n \n53.6\n \n2,238.8\n \n240.7\n \n124.5\n \n99.5\n \n2,164.0\n \n-\n \n23.5\n \n66.7\n \n19.2\n \n15.9\n \n127.1\n \n2,535.8\n \n30.4\n \n504.1\n \n325.8\n \n552.3\n \n9,136.6\n \nApr\n13.5\n \n56.7\n \n2,207.9\n \n275.0\n \n116.7\n \n78.5\n \n2,314.9\n \n-\n \n24.7\n \n67.0\n \n13.4\n \n20.9\n \n120.8\n \n2,519.8\n \n28.3\n \n532.0\n \n299.0\n \n554.9\n \n9,244.0\n \nMay\n12.9\n \n62.8\n \n2,309.0\n \n339.5\n \n130.1\n \n85.7\n \n2,562.4\n \n-\n \n25.0\n \n66.9\n \n8.4\n \n20.9\n \n134.0\n \n2,556.2\n \n23.9\n \n458.9\n \n307.9\n \n555.3\n \n9,659.8\n \nJune\n7.5\n \n52.6\n \n2,848.5\n \n331.8\n \n117.3\n \n84.1\n \n2,538.3\n \n-\n \n26.2\n \n66.5\n \n7.4\n \n19.4\n \n196.0\n \n2,662.2\n \n25.5\n \n551.4\n \n302.9\n \n563.4\n \n10,401.0\n \nJuly\n17.9\n \n54.3\n \n3,189.6\n \n281.1\n \n109.3\n \n95.4\n \n2,949.2\n \n-\n \n-\n \n67.5\n \n4.5\n \n21.0\n \n182.0\n \n2,414.6\n \n26.0\n \n611.4\n \n322.5\n \n565.1\n \n10,911.4\n \nAug\n21.0\n \n67.8\n \n3,196.7\n \n232.3\n \n102.5\n \n66.3\n \n3,014.9\n \n-\n \n-\n \n67.3\n \n7.1\n \n20.6\n \n186.7\n \n2,491.0\n \n29.8\n \n647.7\n \n329.4\n \n566.3\n \n11,047.4\n \nSep\n16.3\n \n58.2\n \n3,487.9\n \n305.3\n \n137.8\n \n78.0\n \n2,789.8\n \n-\n \n45.2\n \n68.1\n \n5.4\n \n20.4\n \n212.2\n \n2,577.1\n \n36.7\n \n637.4\n \n357.4\n \n571.8\n \n11,405.0\n \nOct\n33.1\n \n68.0\n \n3,505.8\n \n272.1\n \n173.1\n \n51.4\n \n2,728.8\n \n-\n \n45.2\n \n68.4\n \n4.6\n \n9.4\n \n188.8\n \n2,697.4\n \n38.7\n \n647.5\n \n353.2\n \n569.2\n \n11,454.9\n \nNov\n25.8\n \n81.4\n \n3,384.4\n \n264.6\n \n198.2\n \n63.9\n \n2,793.9\n \n-\n \n45.2\n \n68.7\n \n7.0\n \n8.1\n \n217.7\n \n2,672.3\n \n46.1\n \n633.2\n \n406.6\n \n569.8\n \n11,486.9\n \nDec\n18.2\n \n89.9\n \n3,737.0\n \n317.3\n \n224.4\n \n74.8\n \n2,633.7\n \n-\n \n43.4\n \n69.2\n \n6.2\n \n9.2\n \n204.3\n \n2,707.6\n \n53.7\n \n573.8\n \n406.2\n \n633.9\n \n11,802.7\n \n2019\nJan\n42.05\n \n106.91\n \n3,766.70\n \n338.09\n \n249.77\n \n46.14\n \n2,621.20\n \n-\n \n61.02\n \n68.66\n \n4.41\n \n8.06\n \n189.15\n \n2,594.53\n \n33.84\n \n517.24\n \n428.82\n \n649.94\n \n11,726.5\n \nFeb\n52.63\n \n238.67\n \n3,601.94\n \n293.36\n \n549.59\n \n205.65\n \n2,675.29\n \n-\n \n60.52\n \n2.00\n \n5.84\n \n7.71\n \n208.31\n \n2,784.17\n \n31.04\n \n490.74\n \n472.78\n \n696.82\n \n12,377.1\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 5.1: COMMERCIAL BANKS -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n19 \n \n \nUS$ millions\nEnd of\nDemand\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \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\n2017\n Jan\n3,205.0\n317.1\n981.8\n4,503.9\n348.3\n30.4\n4,882.6\n36.9\n242.1\n0.0\n38.0\n40.4\n1,005.1\n395.7\n292.2\n6,933.1\n Feb\n3,267.0\n318.3\n977.1\n4,562.4\n349.8\n32.6\n4,944.9\n47.5\n243.9\n0.0\n63.7\n42.9\n1,007.7\n398.5\n277.4\n7,026.4\n Mar\n3,370.3\n313.3\n965.3\n4,648.9\n390.8\n64.2\n5,103.9\n50.6\n225.6\n1.8\n66.3\n41.5\n1,061.6\n422.4\n307.3\n7,281.0\n Apr\n3,496.9\n328.5\n960.8\n4,786.1\n380.3\n54.3\n5,220.7\n52.8\n228.3\n0.0\n63.3\n41.7\n1,034.4\n489.1\n299.0\n7,429.3\n May\n3,534.8\n331.2\n979.7\n4,845.7\n384.0\n53.4\n5,283.1\n50.8\n220.4\n0.0\n29.0\n41.9\n1,092.7\n486.1\n311.6\n7,515.6\n Jun\n3,792.5\n332.7\n949.8\n5,075.1\n423.9\n51.7\n5,550.7\n54.9\n237.5\n0.0\n43.7\n45.8\n1,095.2\n533.5\n308.0\n7,869.2\n Jul\n3,786.1\n326.0\n1,021.7\n5,133.8\n432.5\n56.2\n5,622.6\n55.3\n140.0\n0.0\n42.2\n35.3\n1,096.8\n513.6\n323.2\n7,829.0\n Aug\n4,198.3\n342.7\n1,010.3\n5,551.4\n380.7\n66.3\n5,998.3\n58.3\n136.9\n0.0\n41.8\n22.5\n1,116.1\n531.8\n322.4\n8,228.1\n Sep\n4,561.7\n355.5\n1,003.7\n5,921.0\n303.1\n32.7\n6,256.8\n42.3\n133.7\n0.0\n50.4\n31.9\n1,129.8\n472.8\n322.3\n8,440.0\n Oct\n4,771.6\n340.7\n927.8\n6,040.2\n329.8\n21.1\n6,391.1\n50.8\n127.5\n0.0\n52.5\n41.7\n1,167.6\n432.4\n340.5\n8,604.1\n Nov\n5,036.5\n380.1\n918.9\n6,335.5\n349.5\n12.7\n6,697.6\n54.0\n124.7\n0.0\n61.8\n59.9\n1,189.6\n417.7\n361.6\n8,966.9\n Dec\n5,143.9\n409.2\n850.3\n6,403.4\n302.6\n72.1\n6,778.1\n56.5\n147.2\n113.7\n78.0\n5.7\n1,205.7\n508.3\n360.4\n9,253.6\n2018\nJan\n4,640.2\n369.3\n903.3\n5,912.7\n301.3\n85.0\n6,299.0\n53.6\n418.7\n115.1\n26.2\n2.4\n1,205.0\n501.0\n385.6\n9,006.6\nFeb\n4,633.7\n375.8\n920.2\n5,929.7\n298.5\n78.6\n6,306.8\n58.1\n409.1\n111.2\n59.1\n2.4\n1,174.8\n507.8\n372.1\n9,001.5\nMar\n4,732.9\n368.8\n930.7\n6,032.4\n244.7\n92.4\n6,369.5\n61.1\n419.5\n140.5\n54.8\n6.4\n1,196.4\n504.1\n384.3\n9,136.6\nApr\n4,907.7\n394.4\n874.8\n6,176.9\n243.4\n72.8\n6,493.1\n67.4\n413.5\n82.4\n35.2\n15.7\n1,201.5\n532.0\n403.4\n9,244.0\nMay\n5,172.9\n416.2\n917.2\n6,506.3\n246.2\n85.2\n6,837.7\n66.8\n514.1\n101.5\n63.7\n19.4\n1,224.6\n458.9\n373.2\n9,659.8\nJun\n5,650.6\n504.3\n897.4\n7,052.2\n254.8\n66.9\n7,373.9\n45.0\n514.7\n119.8\n116.5\n21.1\n1,259.1\n551.4\n399.5\n10,401.0\nJul\n5,902.3\n527.0\n901.0\n7,330.3\n296.0\n12.2\n7,638.4\n72.0\n507.6\n118.9\n102.5\n16.8\n1,380.1\n611.4\n463.6\n10,911.4\nAug\n6,005.7\n540.8\n930.8\n7,477.3\n266.6\n11.5\n7,755.3\n46.4\n501.5\n137.0\n101.3\n15.4\n1,408.6\n647.7\n434.3\n11,047.4\nSep\n6,281.7\n556.4\n927.2\n7,765.3\n273.0\n23.5\n8,061.8\n40.9\n503.5\n142.2\n108.4\n21.1\n1,434.8\n637.4\n454.9\n11,405.0\nOct\n6,340.3\n509.5\n898.1\n7,747.9\n284.2\n31.1\n8,063.2\n49.3\n525.1\n147.6\n72.2\n16.5\n1,461.0\n647.5\n472.6\n11,454.9\nNov\n6,411.0\n503.9\n861.0\n7,775.9\n232.8\n27.6\n8,036.4\n41.2\n487.5\n213.7\n58.6\n17.8\n1,490.0\n633.2\n508.4\n11,486.9\nDec\n6,582.3\n495.0\n910.9\n7,988.3\n255.0\n19.7\n8,262.9\n43.3\n469.5\n229.6\n147.5\n15.6\n1,551.3\n573.8\n509.2\n11,802.7\n2019\nJan\n6,603.6\n440.8\n919.5\n7,964.0\n240.5\n20.5\n8,225.0\n42.6\n475.0\n239.5\n130.2\n14.4\n1,545.2\n517.2\n537.2\n11,726.5\nFeb\n7,129.0\n426.7\n923.8\n8,479.6\n248.9\n22.8\n8,751.4\n57.3\n647.5\n158.9\n119.1\n14.4\n1,626.6\n490.7\n511.1\n12,377.0\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 5.2 : COMMERCIAL BANKS - LIABILITIES\nDeposits\nAmounts Owing to\n \n \n \n20 \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\nLocal Governemt\nPublic Enterprises\nOther2\nMortgages\nGovernment\nOther\nCoins\nRBZ\nCorporations\nForeign Banks\nNon-residents\nSecurities\nsecurities\n2017\nJan\n2.4\n \n7.0\n \n109.6\n \n157.7\n \n4.3\n \n-\n \n123.7\n \n20.8\n \n-\n \n-\n \n389.1\n \n-\n \n406.1\n \n106.3\n \n124.4\n \n1,451.4\n \nFeb\n1.2\n \n7.3\n \n69.3\n \n155.6\n \n7.4\n \n-\n \n162.0\n \n20.1\n \n-\n \n-\n \n394.4\n \n-\n \n410.1\n \n109.0\n \n124.2\n \n1,460.4\n \nMar\n1.6\n \n3.1\n \n35.5\n \n177.2\n \n4.0\n \n-\n \n164.2\n \n18.7\n \n-\n \n-\n \n404.4\n \n-\n \n413.0\n \n102.8\n \n124.2\n \n1,448.6\n \nApr\n0.7\n \n3.6\n \n73.4\n \n173.3\n \n9.8\n \n-\n \n158.6\n \n17.8\n \n-\n \n-\n \n392.5\n \n-\n \n432.3\n \n109.7\n \n125.1\n \n1,496.8\n \nMay\n0.9\n \n3.9\n \n81.5\n \n152.3\n \n10.8\n \n-\n \n168.2\n \n20.3\n \n-\n \n-\n \n394.4\n \n-\n \n451.1\n \n105.9\n \n126.1\n \n1,515.4\n \nJun\n0.3\n \n3.7\n \n65.9\n \n208.8\n \n9.8\n \n-\n \n165.3\n \n19.0\n \n-\n \n-\n \n387.6\n \n-\n \n452.9\n \n109.6\n \n126.0\n \n1,548.8\n \nJul\n0.4\n \n3.9\n \n105.8\n \n164.6\n \n9.2\n \n-\n \n168.4\n \n17.2\n \n-\n \n-\n \n391.9\n \n-\n \n451.9\n \n110.9\n \n127.3\n \n1,551.5\n \nAug\n0.4\n \n3.1\n \n142.8\n \n152.0\n \n3.9\n \n-\n \n186.7\n \n16.3\n \n-\n \n-\n \n409.3\n \n-\n \n465.5\n \n104.7\n \n127.2\n \n1,611.9\n \nSep\n0.6\n \n1.8\n \n108.4\n \n117.0\n \n6.7\n \n-\n \n193.0\n \n16.1\n \n-\n \n-\n \n412.7\n \n-\n \n475.2\n \n113.4\n \n130.1\n \n1,574.8\n \nOct\n0.6\n \n1.1\n \n145.7\n \n110.0\n \n14.8\n \n-\n \n193.9\n \n15.4\n \n-\n \n-\n \n420.7\n \n-\n \n493.6\n \n149.9\n \n130.4\n \n1,676.0\n \nNov\n0.7\n \n0.9\n \n138.8\n \n128.4\n \n8.7\n \n-\n \n193.6\n \n18.8\n \n-\n \n-\n \n420.9\n \n-\n \n489.0\n \n160.4\n \n133.0\n \n1,693.3\n \nDec\n1.0\n \n2.6\n \n170.6\n \n134.3\n \n9.1\n \n-\n \n195.1\n \n26.8\n \n-\n \n-\n \n402.3\n \n-\n \n516.8\n \n163.2\n \n135.5\n \n1,757.3\n \n2018\nJan\n0.9\n \n2.3\n \n197.4\n \n98.7\n \n7.8\n \n-\n \n129.8\n \n34.5\n \n-\n \n-\n \n413.2\n \n-\n \n508.7\n \n144.9\n \n136.1\n \n1,674.3\n \nFeb\n1.5\n \n1.8\n \n172.4\n \n123.5\n \n5.5\n \n-\n \n141.3\n \n33.5\n \n-\n \n-\n \n414.8\n \n-\n \n507.9\n \n125.7\n \n135.7\n \n1,663.6\n \nMar\n1.4\n \n3.4\n \n175.9\n \n72.1\n \n14.1\n \n-\n \n212.6\n \n32.8\n \n-\n \n-\n \n411.4\n \n-\n \n539.4\n \n142.8\n \n132.3\n \n1,738.2\n \nApr\n1.1\n \n4.3\n \n185.5\n \n61.9\n \n3.6\n \n-\n \n184.4\n \n32.0\n \n-\n \n-\n \n413.3\n \n-\n \n582.7\n \n141.6\n \n135.2\n \n1,745.7\n \nMay\n1.0\n \n7.6\n \n196.3\n \n138.2\n \n8.1\n \n-\n \n191.0\n \n30.9\n \n-\n \n-\n \n415.0\n \n-\n \n608.4\n \n128.1\n \n137.4\n \n1,862.0\n \nJune\n1.2\n \n4.9\n \n188.6\n \n177.8\n \n1.9\n \n-\n \n266.2\n \n30.1\n \n-\n \n-\n \n413.9\n \n-\n \n614.3\n \n124.0\n \n141.5\n \n1,964.5\n \nJuly\n1.8\n \n6.6\n \n207.1\n \n185.1\n \n1.7\n \n-\n \n283.2\n \n33.3\n \n-\n \n-\n \n423.5\n \n-\n \n636.1\n \n128.2\n \n141.1\n \n2,047.7\n \nAug\n1.6\n \n3.7\n \n224.7\n \n145.3\n \n2.4\n \n-\n \n288.9\n \n32.2\n \n-\n \n-\n \n428.2\n \n-\n \n579.4\n \n139.1\n \n143.7\n \n1,989.2\n \nSep\n1.9\n \n2.9\n \n245.6\n \n92.6\n \n20.8\n \n-\n \n291.1\n \n31.2\n \n-\n \n-\n \n430.3\n \n-\n \n650.2\n \n148.1\n \n144.4\n \n2,059.1\n \nOct\n4.9\n \n2.1\n \n220.0\n \n95.8\n \n11.9\n \n-\n \n318.9\n \n30.2\n \n-\n \n-\n \n427.7\n \n-\n \n639.8\n \n154.2\n \n147.0\n \n2,052.5\n \nNov\n3.6\n \n2.9\n \n243.3\n \n35.7\n \n10.4\n \n-\n \n320.7\n \n28.9\n \n-\n \n-\n \n433.5\n \n-\n \n635.7\n \n148.0\n \n145.8\n \n2,008.5\n \nDec\n2.3\n \n4.3\n \n157.4\n \n121.3\n \n10.4\n \n-\n \n339.4\n \n28.0\n \n-\n \n-\n \n444.8\n \n-\n \n645.9\n \n179.7\n \n151.9\n \n2,085.6\n \n2019\nJan\n6.3\n \n4.6\n108.2\n \n63.5\n10.9\n \n0.0\n343.8\n \n27.3\n33.6\n \n0.0\n438.0\n \n0.0\n649.3\n \n136.7\n151.2\n \n1,973.3\n \nFeb\n5.4\n \n17.6\n120.6\n \n62.8\n18.1\n \n0.0\n339.6\n \n26.5\n-\n \n0.0\n416.1\n \n0.0\n696.1\n \n171.1\n156.7\n \n2,030.8\n \nSource:Reserve Bank of Zimbabwe,2019\nTABLE 6.1: BUILDING SOCIETIES -ASSETS\nUS$ millions\nDebt Securities\nLoans and Advances\n \n \n \n21 \n \n \n \nDebt Securities\nForeign Liabilities\nCapital\nOther\nTOTAL\nand\nLiablities\nEnd of\nSavings\nTime Deposits\nTotal Deposits \nOther Depository\nGovernment \nTotal\nRBZ\nOther Depository Other Finacial \nReserves\nfrom the public\nCorporations\n Corporations\n Corporations\n2017\n Jan\n326.2\n522.1\n848.2\n81.5\n16.6\n946.4\n25.0\n29.1\n0.0\n66.5\n0.7\n332.1\n51.7\n1,451.4\n Feb\n326.1\n534.4\n860.5\n76.2\n16.6\n953.3\n23.1\n27.0\n0.0\n62.4\n0.5\n334.5\n59.7\n1,460.4\n Mar\n319.7\n523.2\n842.9\n70.2\n16.7\n929.9\n20.9\n24.0\n0.0\n68.5\n0.3\n340.7\n64.3\n1,448.6\n Apr\n399.6\n527.1\n926.6\n70.6\n16.0\n1,013.2\n21.8\n22.8\n0.0\n54.0\n0.2\n322.5\n62.3\n1,496.8\n May\n378.0\n536.0\n914.0\n70.7\n16.1\n1,000.8\n21.8\n23.0\n0.0\n66.2\n0.4\n325.8\n77.4\n1,515.4\n Jun\n401.8\n544.4\n946.2\n70.7\n16.5\n1,033.4\n22.0\n22.0\n0.0\n65.2\n0.8\n330.0\n75.4\n1,548.8\n Jul\n430.3\n531.5\n961.8\n70.4\n16.1\n1,048.3\n22.2\n22.2\n0.0\n57.3\n0.3\n334.5\n66.8\n1,551.5\n Aug\n495.3\n546.5\n1,041.8\n70.6\n16.3\n1,128.6\n24.0\n21.3\n0.0\n37.4\n0.4\n328.9\n71.4\n1,611.9\n Sep\n488.5\n517.9\n1,006.5\n80.3\n16.7\n1,103.4\n24.8\n17.4\n0.0\n17.0\n0.2\n334.0\n78.0\n1,574.8\n Oct\n583.1\n475.2\n1,058.3\n80.9\n16.2\n1,155.4\n23.4\n26.4\n0.0\n20.6\n0.3\n338.0\n111.8\n1,676.0\n Nov\n570.3\n473.5\n1,043.8\n105.4\n16.3\n1,165.4\n23.7\n26.6\n0.0\n22.7\n0.3\n341.5\n113.0\n1,693.3\n Dec\n608.2\n496.6\n1,104.9\n105.2\n16.5\n1,226.6\n23.4\n25.9\n0.0\n22.7\n0.5\n371.7\n86.7\n1,757.3\n2018\nJan\n544.7\n497.1\n1,041.7\n105.2\n16.4\n1,163.3\n22.8\n26.1\n0.0\n22.9\n0.2\n362.1\n77.0\n1,674.3\nFeb\n512.0\n480.5\n992.5\n120.3\n16.8\n1,129.5\n28.5\n26.3\n0.0\n33.6\n0.5\n366.0\n79.2\n1,663.6\nMar\n535.1\n507.8\n1,042.9\n120.3\n16.5\n1,179.7\n27.5\n41.3\n0.0\n34.5\n0.5\n378.2\n76.5\n1,738.2\nApr\n568.0\n452.6\n1,020.5\n144.4\n17.0\n1,181.9\n27.9\n39.7\n0.0\n33.6\n0.4\n358.5\n103.7\n1,745.7\nMay\n613.8\n475.1\n1,089.0\n196.6\n16.4\n1,302.0\n32.4\n40.0\n0.0\n31.2\n0.5\n363.1\n92.8\n1,862.0\nJune\n658.5\n507.9\n1,166.5\n183.2\n16.4\n1,366.0\n33.1\n39.3\n0.0\n56.9\n0.4\n363.5\n105.2\n1,964.5\nJuly\n770.2\n542.9\n1,313.1\n128.5\n15.0\n1,456.6\n28.7\n37.5\n0.0\n30.4\n15.8\n378.9\n99.8\n2,047.7\nAug\n703.4\n534.7\n1,238.0\n133.0\n15.0\n1,386.0\n31.3\n33.9\n0.0\n18.3\n17.9\n385.8\n116.0\n1,989.2\nSep\n749.8\n502.3\n1,252.2\n166.0\n15.1\n1,433.2\n22.8\n55.9\n0.0\n20.7\n25.5\n388.6\n112.3\n2,059.1\nOct\n772.5\n471.9\n1,244.4\n151.0\n15.1\n1,410.5\n23.7\n56.3\n0.0\n21.2\n25.5\n389.9\n125.4\n2,052.5\nNov\n699.9\n511.9\n1,211.9\n134.0\n15.1\n1,360.9\n21.0\n55.6\n0.0\n16.2\n24.5\n396.1\n134.2\n2,008.5\nDec\n713.2\n540.0\n1,253.1\n139.6\n15.1\n1,407.8\n26.5\n55.3\n0.0\n40.2\n23.4\n400.1\n132.3\n2,085.6\n2019\nJan\n633.8\n490.2\n1,124.0\n140.5\n15.0\n1,279.6\n27.9\n55.5\n0.0\n58.1\n24.8\n392.8\n134.7\n1,973.3\nFeb\n661.3\n492.3\n1,153.6\n138.8\n15.0\n1,307.4\n25.8\n134.5\n0.0\n32.6\n28.2\n366.7\n135.6\n2,030.8\nSource:Reserve Bank of Zimbabwe,2019\nAmounts Owing to\nTABLE 6.2: BUILDING SOCIETIES -LIABILITIES\nUS$ millions\n \n \n \n22 \n \n \n \nAGRICULTURE\nCONSTRUCTION COMMUNICATION\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nEND OF\n \n \n \nINVESTMENTS\nORGANISATIONS\n \n \n \n \n2017\nJan\n448,344.7\n41,732.8\n22,069.3\n264,734.2\n12,019.3\n270,117.2\n350,757.1\n144,447.3\n394,945.0\n40,975.0\n591,245.7\n11,489.3\n2,592,877.1\nFeb\n436,206.2\n40,112.3\n24,467.5\n269,358.3\n12,146.8\n272,314.8\n361,416.8\n143,990.4\n373,445.1\n40,250.7\n568,686.3\n11,227.9\n2,553,623.0\nMar\n425,496.8\n54,688.4\n25,533.4\n275,500.1\n12,241.8\n290,985.3\n349,722.5\n159,101.0\n359,672.5\n37,864.1\n572,233.3\n13,047.7\n2,576,086.9\nApr\n426,696.6\n43,836.6\n18,145.2\n340,025.3\n12,219.1\n271,824.0\n360,945.8\n134,101.0\n350,475.1\n42,208.4\n571,000.5\n12,492.9\n2,583,970.5\nMay\n428,874.0\n43,427.0\n16,689.0\n322,695.4\n12,252.6\n269,976.3\n360,929.9\n117,479.9\n354,102.7\n41,337.5\n569,798.9\n11,923.7\n2,549,487.0\nJun\n431,677.5\n45,018.0\n16,989.2\n311,641.4\n14,435.6\n266,917.5\n343,590.2\n126,542.8\n417,469.8\n37,849.5\n595,749.5\n12,001.6\n2,619,882.5\nJul\n459,128.0\n52,500.1\n11,717.0\n255,319.0\n14,541.0\n255,591.2\n311,364.4\n131,420.5\n422,799.8\n39,630.7\n609,112.5\n14,464.3\n2,577,588.5\nAug\n457,861.9\n52,622.6\n11,736.0\n262,602.7\n17,438.9\n256,802.3\n313,868.5\n138,714.9\n420,653.6\n41,089.3\n617,686.4\n15,194.2\n2,606,271.3\nSep\n457,157.2\n48,477.1\n12,117.9\n340,506.4\n21,660.1\n265,082.3\n331,929.6\n124,822.8\n393,491.3\n41,117.0\n619,867.0\n16,061.2\n2,672,289.8\nOct\n460,475.1\n46,588.0\n12,273.6\n329,020.8\n21,810.6\n262,118.2\n317,587.0\n126,041.6\n383,374.3\n41,351.4\n634,561.2\n16,061.2\n2,651,263.1\nNov\n477,486.1\n46,318.3\n12,005.2\n323,990.0\n21,811.0\n261,421.1\n316,225.5\n123,307.2\n379,542.7\n32,215.3\n649,034.3\n16,061.2\n2,659,418.0\nDec\n489,695.6\n54,162.9\n10,119.0\n334,030.3\n21,844.6\n269,399.3\n307,802.0\n126,719.0\n375,161.7\n31,701.6\n621,421.9\n13,938.1\n2,655,996.0\n2018\nJan\n479,109.6\n59,336.8\n9,442.4\n289,531.3\n20,569.7\n258,035.0\n271,453.8\n106,425.1\n390,052.9\n32,328.6\n617,303.0\n14,394.7\n2,547,982.8\nFeb\n488,203.1\n59.,977.6\n9,271.6\n315,569.6\n20,133.1\n258,263.6\n285,045.1\n108,649.0\n393,604.9\n31,636.6\n618,377.4\n15,010.6\n2,543,764.6\nMar\n484,764.7\n64,826.5\n11,050.5\n344,731.3\n15,203.3\n274,150.2\n303,649.2\n114,431.9\n363,449.4\n32,793.4\n640,496.9\n19,893.1\n2,669,440.4\nApr\n485,790.0\n63,948.2\n10,904.2\n344,532.1\n15,015.2\n271,071.8\n294,270.8\n112,692.1\n333,633.8\n31,103.5\n631,920.5\n22,066.0\n2,616,948.2\nMay\n501,783.7\n63,555.3\n10,933.5\n362,939.6\n15,079.8\n358,553.4\n317,666.7\n117,123.0\n338,846.3\n31,523.1\n651,444.0\n24,226.4\n2,793,674.8\nJun\n475,105.7\n66,796.8\n13,907.7\n385,583.3\n15,079.8\n344,917.3\n323,212.1\n117,146.6\n335,216.9\n34,457.6\n655,427.0\n34,163.4\n2,801,014.3\nJul\n463,286.3\n70,905.2\n18,924.1\n383,314.7\n14,976.4\n140,624.6\n274,507.8\n113,776.3\n309,209.5\n37,474.0\n652,652.7\n34,402.1\n2,514,053.7\nAug\n470,756.1\n79,237.1\n15,167.3\n331,672.8\n15,021.9\n144,100.7\n271,000.5\n111,960.2\n306,022.7\n37,341.2\n666,649.4\n34,402.1\n2,483,332.1\nSep\n451,745.3\n79,055.7\n15,021.6\n341,851.7\n15,021.9\n144,799.6\n263,994.2\n112,656.6\n320,788.5\n36,914.6\n666,971.5\n64,407.1\n2,513,228.2\nOct\n453,068.3\n74,931.8\n16,036.5\n389,851.7\n15,156.8\n165,252.7\n268,933.2\n111,956.6\n313,376.8\n36,118.6\n680,445.7\n12,855.7\n2,537,984.3\nNov\n444,130.8\n133,137.6\n14,884.1\n313,733.0\n15,156.8\n165,419.8\n269,459.9\n149,908.1\n316,738.8\n45,693.2\n679,403.7\n12,265.4\n2,559,931.1\nDec\n492,669.9\n78,176.7\n15,958.0\n340,422.7\n14,425.5\n165,648.7\n253,354.3\n113,596.5\n347,242.2\n40,695.4\n669,879.6\n12,254.3\n2,544,323.9\n2019\nJan\n525,176.7\n80,480.9\n20,199.4\n349,755.6\n15,294.0\n158,458.9\n255,380.4\n123,772.8\n358,554.2\n42,355.5\n666,797.1\n16,335.7\n2,612,561.3\nFeb\n521,988.1\n79,066.7\n10,931.1\n352,797.8\n14,699.0\n80,894.7\n253,027.0\n124,474.7\n389,523.0\n40,923.5\n644,320.9\n11,446.6\n2,524,093.1\nSource:Reserve Bank of Zimbabwe,2019\nTABLE 7.1 : SECTORAL ANALYSIS OF COMMERCIAL BANKS LOANS AND ADVANCES/1\nUS$ ('000)\n \n \n \n23 \n \n \n \nEND OF\nAGRICULTURE\nCONSTRUCTION\nCOMMUNICATIONS\nDISTRIBUTION\nFINANCIAL &\nFINANCIAL\nMANUFACTURING\nMINING\nSERVICES\nTRANSPORT\nINDIVIDUALS\nCONGLOMERATES\nTOTAL\nINVESTMENTS ORGANISATIONS\n2017\nJan\n236,437.3\n108,552.5\n230,965.4\n618,213.5\n339,580.3\n1,002,775.4\n382,746.3\n86,115.0\n1,393,941.2\n82,670.8\n589,549.9\n85,602.3\n5,157,150.0\nFeb\n254,463.9\n112,294.4\n226,877.9\n613,080.1\n312,948.5\n997,181.2\n393,542.8\n121,798.7\n1,402,647.6\n91,521.7\n604,325.0\n84,653.3\n5,215,335.3\nMar\n299,519.0\n118,530.1\n232,990.6\n626,986.6\n308,297.9\n1,049,255.7\n402,864.2\n170,835.1\n1,400,323.5\n102,287.7\n610,024.4\n91,046.0\n5,412,960.9\nApr\n281,219.8\n117,174.3\n235,093.5\n687,962.2\n307,711.4\n1,013,362.6\n400,018.9\n190,005.8\n1,432,953.1\n110,258.7\n650,595.9\n102,681.0\n5,529,037.2\nMay\n301,531.2\n113,685.5\n220,541.8\n679,781.4\n320,878.2\n1,019,941.1\n417,418.5\n175,383.4\n1,454,718.3\n108,366.5\n667,019.7\n71,770.2\n5,551,035.8\nJun\n295,920.4\n109,938.0\n248,436.3\n712,648.0\n334,368.7\n1,121,023.5\n408,604.0\n185,262.3\n1,521,876.3\n107,327.1\n697,997.7\n74,195.4\n5,817,597.8\nJul\n309,864.7\n126,628.5\n262,827.7\n587,617.1\n341,371.5\n1,143,423.8\n423,846.6\n191,273.6\n1,599,344.4\n99,509.8\n680,622.6\n76,164.4\n5,842,494.6\nAug\n302,611.3\n149,014.9\n296,550.6\n914,686.8\n346,236.8\n1,131,207.5\n453,584.0\n169,521.2\n1,562,637.2\n111,394.6\n746,644.5\n90,999.4\n6,275,088.8\nSep\n348,786.3\n146,383.0\n286,092.4\n796,517.1\n340,224.7\n1,072,979.9\n571,373.7\n211,077.0\n1,705,640.6\n122,645.6\n747,874.4\n72,255.0\n6,421,849.6\nOct\n345,521.0\n138,274.9\n238,975.9\n778,597.1\n355,135.9\n1,138,203.7\n565,046.4\n259,285.2\n1,694,691.4\n123,908.8\n741,652.0\n72,255.0\n6,451,547.3\nNov\n336,339.3\n144,708.5\n239,524.3\n927,820.8\n362,515.4\n986,824.6\n629,010.4\n250,132.7\n1,694,043.5\n131,768.3\n761,400.5\n72,255.0\n6,536,343.3\nDec\n317,794.8\n160,261.7\n284,829.7\n890,549.4\n375,616.4\n1,073,707.0\n686,933.4\n257,197.2\n1,712,823.9\n143,466.1\n711,031.6\n62,444.8\n6,676,655.9\n2018\nJan\n380,283.8\n151,436.0\n257,298.2\n918,787.6\n365,354.6\n1,050,097.7\n652,999.0\n248,933.0\n1,757,391.8\n141,913.2\n669,049.8\n67,904.7\n6,661,449.4\nFeb\n455,217.0\n224,070.1\n263,961.9\n897,453.2\n399,016.2\n949,795.6\n674,828.4\n354,052.8\n1,701,611.4\n107,779.5\n680,060.2\n67,686.4\n6,775,532.7\nMar\n451,992.5\n142,332.9\n296,310.0\n825,805.5\n376,593.0\n1,001,674.3\n597,436.8\n253,127.4\n1,827,464.3\n163,971.7\n597,436.8\n63,604.3\n6,597,749.5\nApr\n476,448.1\n144,564.6\n310,795.6\n806,144.7\n364,824.6\n988,527.2\n649,893.0\n255,761.8\n1,892,415.2\n179,252.3\n712,565.9\n65,398.2\n6,846,591.4\nMay\n494,612.8\n152,567.4\n350,409.2\n874,140.5\n374,089.9\n1,097,970.7\n700,891.9\n271,892.0\n1,913,394.9\n186,192.5\n745,592.7\n64,970.7\n7,226,725.2\nJun\n465,984.0\n164,242.3\n391,142.3\n948,703.0\n368,260.1\n1,140,652.9\n754,981.1\n324,355.8\n2,160,400.4\n200,774.3\n779,012.8\n64,786.3\n7,763,295.2\nJul\n445,780.0\n226,433.0\n413,409.1\n955,925.6\n420,416.6\n1,120,834.7\n760,588.2\n321,078.4\n2,192,743.2\n200,523.6\n822,857.6\n64,786.3\n7,945,376.2\nAug\n429,439.9\n189,498.0\n386,595.6\n980,354.1\n429,659.7\n1,091,202.9\n782,008.7\n297,412.3\n1,968,724.0\n196,068.8\n836,719.1\n64,786.3\n7,652,469.3\nSep\n447,556.4\n206,194.1\n382,491.5\n1,186,453.7\n444,599.1\n1,070,365.1\n811,296.2\n302,579.3\n2,059,093.1\n247,105.7\n906,767.6\n84,514.5\n8,149,016.3\nOct\n445,484.4\n199,531.1\n391,968.4\n984,701.5\n469,891.9\n1,153,855.9\n846,453.3\n315,808.5\n2,110,864.2\n260,816.9\n817,328.3\n67,915.2\n8,064,619.7\nNov\n489,192.9\n194,869.4\n391,442.4\n925,081.3\n441,534.3\n1,248,555.8\n827,349.4\n316,945.5\n2,059,370.1\n261,756.5\n825,642.2\n66,458.7\n8,048,198.5\nDec\n494,011.3\n201,871.0\n531,888.3\n1,034,592.5\n428,738.7\n1,196,503.2\n823,081.9\n331,251.3\n2,063,550.8\n278,659.0\n802,507.6\n63,361.3\n8,250,016.9\n2019\nJan\n505,422.9\n391,022.0\n497,976.2\n1,034,948.2\n411,945.9\n1,187,606.7\n882,289.7\n322,030.3\n2,154,902.3\n135,871.6\n763,189.5\n63,064.3\n8,350,269.7\nFeb\n512,602.3\n374,750.6\n394,709.1\n936,123.6\n449,800.9\n904,919.4\n855,348.4\n347,405.5\n2,355,866.1\n138,685.8\n776,949.7\n63,097.1\n8,110,258.7\nSource: Reserve Bank of Zimbabwe,2019\n TABLE 7.2: SECTORAL ANALYSIS OF COMMERCIAL BANKS DEPOSITS \nUS$ ('000)\n \n24 \n \n \nEnd of\nNominal Lending \nRates 1\nIndividuals \nCorporate\n2017 \nJan\n4.00-18.00\n10.61\n6.68\nFeb\n4.00-18.00\n10.06\n6.52\nMar\n4.00-18.00\n9.12\n7.02\nApr\n4.00-18.00\n9.25\n7.02\nMay\n4.00-18.00\n9.17\n7.03\nJun\n4.00-18.00\n9.01\n7.05\nJul\n4.00-18.00\n8.94\n7.05\nAug\n4.00-18.00\n8.88\n6.95\nSep\n4.45-18.00\n8.86\n7.01\nOct\n4.45-18.00\n9.66\n7.06\nNov\n4.45-18.00\n9.66\n7.03\nDec\n4.45-18.00\n9.39\n7.00\n2018\nJan\n4.45-18.00\n9.33\n6.99\nFeb\n4.45-18.00\n9.57\n6.93\nMar\n4.45-18.00\n9.64\n6.98\nApr\n4.00-18.00\n9.32\n7.08\nMay\n4.00-18.00\n9.28\n7.09\nJun\n4.00-18.00\n9.32\n7.14\nJul\n4.00-18.00\n9.75\n6.97\nAug\n4.00-18.00\n9.87\n7.10\nSep\n4.00-18.00\n9.56\n7.11\nOct\n4.00-18.00\n9.47\n7.38\nNov\n4.00-18.00\n9.49\n7.38\nDec\n4.00-18.00\n9.48\n7.39\n2019\nJan\n4.00-18.00\n9.47\n7.40\nFeb\n4.00-18.00\n9.23\n7.30\nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 8.1: LENDING RATES (percent per annum)\nCommercial Banks\nWeighted Lending Rates\n \n \n \n25 \n \n \nEND OF\nSAVINGS\n3 MONTHS\n2017 \nJan\n0.50-6.00\n1.00-17.00\nFeb\n0.50-6.00\n1.00-17.00\nMar\n0.50-6.00\n1.00-17.00\nApr\n0.50-6.00\n1.00-17.00\nMay\n0.50-6.00\n1.00-9.50**\nJun\n0.50-6.00\n1.00-12.00\nJul\n0.50-6.00\n1.00-12.00\nAug\n0.50-6.00\n1.00-12.00\nSep\n0.50-12.00\n0.75-8.00\nOct\n0.50-12.00\n0.75-8.00\nNov\n0.50-12.00\n0.75-8.00\nDec\n0.50-12.00\n0.75-8.00\n2018\nJan\n0.22-12.00\n0.75-8.00\nFeb\n0.22-12.00\n0.75-8.00\nMar\n0.22-12.00\n0.75-8.00\nApr\n0.22-12.00\n0.75-8.00\nMay\n0.22-12.00\n0.75-8.00\nJun\n0.22-12.00\n0.75-8.00\nJul\n0.22-12.00\n0.75-8.00\nAug\n0.22-12.00\n0.75-8.00\nSep\n0.22-12.00\n0.75-8.00\nOct\n0.22-12.00\n0.75-8.00\nNov\n0.22-12.00\n1.00-8.00\nDec\n0.22-12.00\n1.00-6.75\n2019\nJan\n0.22-12.00\n1.00-8.00\nFeb\n0.22-12.00\n1.00-6.75\n Source:Reserve Bank of Zimbabwe, 2019\nTABLE 8.2 : BANK DEPOSIT RATES (percent per annum)\nCOMMERCIAL BANKS\n \n 26 \n \n \nALCOHOLIC \nBEVERAGES \nCLOTHING\nHOUSING, \nWATER,\nFURNITURE\nHEALTH\nTRANSPORT COMMUNICATION RECREATION \n&\nEDUCATION RESTAURANTS \n&\nMISC.\nTOTAL NON\n& TOBACCO\nFOOTWEAR\nELECTRICTY, \nGAS\nAND\nCULTURE\nHOTELS\nGOODS &\nFOOD\n& OTHER\nEQUIPMENT\nSERVICES\nFUELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2017 \nJan\n0.00\n-0.15\n0.10\n0.34\n-0.15\n-0.75\n0.44\n0.27\n0.00\n0.29\n0.08\n-0.03\n0.80\n0.23\nFeb\n-0.09\n-0.14\n0.13\n0.70\n-0.03\n0.11\n0.00\n-0.04\n0.00\n0.18\n0.52\n0.17\n1.56\n0.61\nMar\n0.15\n0.03\n-0.07\n0.64\n0.11\n0.21\n-0.02\n0.18\n0.00\n0.01\n0.36\n0.15\n-0.21\n0.03\nApr\n-0.11\n0.02\n0.04\n0.06\n-0.04\n0.00\n0.05\n0.02\n2.02\n0.34\n-0.07\n0.25\n-0.36\n0.05\nMay\n0.13\n0.09\n-0.01\n0.02\n0.13\n0.04\n0.00\n-0.21\n0.00\n-0.39\n-0.09\n0.01\n0.07\n0.03\nJun\n0.21\n0.03\n-0.82\n0.38\n-0.03\n-0.18\n0.00\n0.18\n0.00\n0.29\n0.33\n-0.14\n-0.45\n-0.24\nJul\n0.19\n0.01\n0.01\n-0.06\n0.01\n-0.23\n-0.08\n0.05\n-2.81\n1.10\n0.11\n-0.33\n-0.42\n-0.36\nAug\n-0.18\n0.10\n0.06\n0.05\n0.03\n0.00\n0.03\n0.13\n0.00\n0.00\n0.06\n0.03\n-0.47\n-0.13\nSep\n0.02\n0.45\n0.24\n1.10\n0.07\n-0.31\n0.14\n0.64\n0.00\n0.05\n0.12\n0.25\n0.66\n0.38\nOct\n0.63\n1.44\n0.24\n3.49\n1.07\n1.08\n0.37\n3.08\n0.00\n0.45\n2.66\n1.20\n2.27\n1.54\nNov\n0.28\n0.62\n0.06\n1.32\n0.38\n0.29\n-0.04\n1.14\n-1.43\n-0.72\n1.10\n0.26\n1.74\n0.74\nDec\n0.28\n0.72\n-0.43\n0.45\n0.01\n0.29\n-0.01\n0.78\n0.00\n0.49\n0.74\n0.16\n1.29\n0.53\n2018\nJan\n0.17\n0.67\n0.02\n0.55\n0.10\n0.00\n-0.04\n1.78\n0.00\n-0.16\n0.64\n0.25\n0.39\n0.30\nFeb\n0.26\n0.91\n0.01\n0.43\n0.00\n-0.02\n0.15\n0.90\n0.00\n0.01\n0.21\n0.21\n-0.18\n0.08\nMar\n0.13\n-0.34\n-0.74\n0.46\n0.18\n-1.29\n-1.60\n1.58\n0.01\n-0.14\n-0.55\n-0.36\n-0.03\n-0.25\nApr\n0.20\n0.34\n-0.01\n0.00\n0.10\n-0.32\n-0.21\n-0.10\n0.63\n1.85\n0.26\n0.11\n0.02\n0.08\nMay\n-0.03\n0.10\n0.00\n-0.12\n0.03\n0.14\n-0.01\n0.08\n0.00\n0.05\n0.33\n0.03\n0.02\n0.03\nJun\n0.60\n0.14\n-0.16\n-0.48\n0.38\n0.19\n0.10\n-0.25\n0.00\n0.26\n1.00\n0.04\n-0.23\n-0.05\nJul\n0.43\n0.38\n0.00\n0.40\n0.31\n0.17\n0.08\n0.65\n7.16\n3.20\n0.75\n1.09\n0.74\n0.98\nAug\n0.13\n0.45\n0.00\n0.91\n0.24\n0.47\n0.00\n-0.23\n0.00\n0.11\n0.34\n0.28\n0.62\n0.39\nSep\n0.22\n1.35\n0.53\n2.79\n1.90\n0.51\n0.32\n0.22\n0.00\n0.28\n0.07\n1.05\n0.85\n0.92\nOct\n7.89\n45.88\n2.94\n26.86\n12.94\n19.13\n1.39\n27.66\n0.00\n9.86\n13.64\n14.66\n20.12\n16.44\nNov\n7.21\n10.63\n4.80\n9.12\n3.36\n2.31\n0.18\n16.33\n0.35\n9.29\n15.42\n6.50\n14.53\n9.20\nDec\n10.22\n8.07\n2.77\n8.07\n8.49\n28.61\n1.26\n3.19\n0.00\n13.84\n10.07\n9.01\n9.07\n9.03\n2019\nJan\n13.35\n1.04\n4.35\n9.46\n11.64\n47.25\n1.12\n11.01\n0.10\n11.73\n6.72\n12.83\n6.94\n10.75\nFeb\n2.94\n5.94\n2.77\n2.73\n2.93\n-7.70\n0.14\n3.42\n0.02\n2.20\n4.34\n0.70\n3.56\n1.67\nSource:Zimstat, 2019\nFOOD & NON \nALCOHOLIC \nBEVERAGES\nALL \nITEMS\nTABLE 9.1 : MONTHLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n( December 2012 = 100)\n \n \n \n27 \n \n \nF OOD \nIN F LA TION\nA LC OHOLIC \nC LOTHIN G\nHOUS IN G, \nWA TER ,\nF UR N ITUR E\nM IS C .\nF OOD & \nB EVER A GES \n& \nELEC TR IC T\nY, GA S\nA N D\nR EC R EA TION \n&\nR ES TA UR A N TS \n&\nGOOD S &\nTOTA L N ON\nN ON \nA LC OHOLIC \nA LL\n& TOB A C C O\nF OOTWEA R\n& OTHER\nEQUIP M EN T\nC ULTUR E\nHOTELS\nS ER VIC ES\nF OOD\nB EVER A GES\nITEM S\nF UELS\nWEIGHTS\n4.38\n6.05\n17.74\n9.91\n2.16\n9.76\n3.41\n2.1\n5.67\n1.38\n3.91\n66.47\n33.53\n100\n2017\nJan\n-0.47\n-1.52\n-2.16\n-0.62\n-0.68\n-1.76\n-1.44\n0.20\n3.49\n-0.02\n-0.62\n-0.82\n-0.30\n-0.65\nFeb\n-0.42\n-1.66\n-1.91\n0.26\n-0.53\n-1.29\n-1.31\n0.18\n3.49\n0.24\n-0.05\n-0.51\n1.29\n0.06\nMar\n-0.13\n-1.45\n-0.95\n1.64\n-0.30\n-0.79\n-1.74\n0.40\n0.12\n0.87\n0.92\n-0.25\n1.21\n0.21\nApr\n-0.26\n-1.29\n-0.89\n2.03\n-0.33\n-0.86\n-1.61\n0.44\n2.16\n1.30\n1.21\n0.08\n1.35\n0.48\nMay\n0.15\n-0.98\n-1.01\n2.16\n-0.01\n-0.71\n0.00\n0.17\n2.16\n0.88\n1.46\n0.21\n1.92\n0.75\nJun\n0.29\n-0.74\n-2.39\n2.52\n-0.19\n-0.81\n0.00\n0.59\n-0.48\n0.86\n1.70\n-0.37\n1.82\n0.31\nJul\n0.47\n-0.58\n-2.43\n2.41\n-0.03\n-1.01\n0.29\n0.55\n-3.28\n1.93\n2.12\n-0.67\n1.92\n0.14\nAug\n0.35\n-0.26\n-2.37\n2.50\n0.02\n-0.88\n0.33\n0.78\n-3.28\n1.92\n2.05\n-0.60\n1.76\n0.14\nSep\n0.27\n0.22\n-1.05\n3.91\n0.12\n-1.11\n0.57\n1.69\n-3.28\n1.97\n2.07\n-0.01\n2.49\n0.78\nOct\n0.95\n1.91\n-0.68\n7.47\n1.22\n0.02\n0.94\n4.84\n-3.28\n2.49\n4.61\n1.25\n4.40\n2.24\nNov\n1.17\n2.62\n-0.62\n8.78\n1.67\n-0.02\n0.89\n5.83\n-2.25\n1.76\n5.62\n1.74\n5.65\n2.97\nDec\n1.51\n3.27\n-0.45\n8.77\n1.57\n0.55\n0.89\n6.35\n-2.26\n2.09\n6.04\n2.00\n6.60\n3.46\n2018\nJan\n1.68\n4.12\n-0.52\n9.00\n1.82\n1.30\n0.41\n7.95\n-2.25\n1.63\n6.64\n2.29\n6.17\n3.52\nFeb\n2.00\n5.21\n-0.65\n8.71\n1.84\n1.17\n0.56\n8.96\n-2.25\n1.45\n6.31\n2.33\n4.35\n2.98\nMar\n2.00\n4.81\n-1.32\n8.52\n1.91\n-0.35\n-1.03\n10.48\n-2.24\n1.30\n5.35\n1.81\n4.54\n2.68\nApr\n2.34\n5.14\n-1.36\n8.54\n2.06\n-0.67\n-1.28\n10.36\n-3.58\n2.84\n5.70\n1.67\n4.94\n2.71\nMay\n2.18\n5.15\n-1.36\n8.30\n1.96\n-0.58\n-1.30\n10.67\n-3.58\n3.29\n6.14\n1.69\n4.89\n2.71\nJun\n2.58\n5.27\n-0.70\n7.36\n2.38\n-0.20\n-1.20\n10.20\n-3.58\n3.26\n6.85\n1.88\n5.12\n2.91\nJul\n2.83\n5.66\n-0.71\n7.86\n2.68\n0.20\n-1.04\n10.86\n6.31\n5.42\n7.53\n3.33\n6.35\n4.29\nAug\n3.15\n6.03\n-0.77\n8.78\n2.89\n0.67\n-1.07\n10.47\n6.31\n5.53\n7.84\n3.58\n7.52\n4.83\nSep\n3.35\n6.98\n-0.47\n10.60\n4.77\n1.49\n-0.89\n10.00\n6.31\n5.77\n7.79\n4.20\n7.94\n5.39\nOct\n10.81\n53.83\n2.20\n35.57\n17.08\n19.61\n0.11\n36.24\n6.31\n15.68\n19.31\n18.06\n26.78\n20.85\nNov\n18.47\n69.14\n7.04\n46.01\n20.56\n22.02\n0.34\n56.70\n8.23\n27.34\n36.21\n25.40\n42.71\n31.01\nDec\n30.21\n81.48\n10.48\n57.08\n30.80\n56.47\n1.61\n60.45\n8.22\n44.26\n48.82\n36.48\n53.68\n42.09\n2019\nJan\n47.34\n82.13\n15.27\n71.00\n45.88\n130.41\n2.79\n75.00\n8.32\n61.45\n57.81\n53.60\n63.71\n56.90\nFeb\n51.28\n91.22\n18.46\n74.92\n50.16\n112.71\n2.78\n6.63\n8.34\n64.99\n64.31\n54.35\n69.84\n59.39\nSource:Zimstat, 2019\nTABLE 9.2 : YEARLY INFLATION - % CHANGE IN CONSUMER PRICE INDEX \n(December 2012 = 100)\nC OM M UN IC A TION\nTR A N S P OR T\nHEA LTH\nED UC A TION\nN ON -F OOD IN F LA TION\n \n \n \n28 \n \n \nEnd Period\n2009\n2010\n2011\n2012\n2013\n2014\n2015\n2016\n2017\n2018\nLong-Term External Debt\n5,164\n5,834\n7,316\n7,930\n8,851\n10,225\n9,757\n8,656\n8,949\n9,827\nGovernment\n4,282\n4,868\n5,857\n6,252\n6,493\n6,303\n6,623\n5,365\n5,595\n6,306\nBilateral Creditors\n2,213\n2,353\n3,307\n3,397\n3,786\n3,599\n4,071\n3,479\n3,589\n4,261\nMultilateral Creditors\n2,059\n2,505\n2,550\n2,855\n2,707\n2,704\n2,553\n1,886\n2,006\n2,045\nPrivate Creditors\n10\n10\n0\n0\n0\n0\n0\n0\n0\n0\nPublic Enterprises\n825\n825\n1,092\n1,198\n1,356\n1,661\n1,220\n1,370\n1,405\n1,426\nBilateral Creditors\n497\n497\n711\n703\n858\n1,155\n760\n779\n843\n898\nMultilateral Creditors\n327\n327\n382\n495\n498\n506\n460\n591\n562\n528\nPrivate Creditors\n0\n0\n0\n0\n0\n0\n0\n0\n0\n0\nMonetary Authorities\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nMultilateral Creditors - IMF\n140\n550\n127\n125\n125\n120\n110\n0\n0\n0\nPrivate\n57\n142\n366\n480\n1,002\n2,261\n1,913\n1,920\n1,949\n2,095\nShort-Term External Debt\n1,348\n2,040\n1,286\n891\n1,564\n2,394\n2,258\n2,304\n2,292\n2,374\nSupplier's Credits\n193\n286\n134\n30\n0\n0\n0\n0\n0\n0\nReserve Bank\n998\n1,300\n615\n615\n614\n587\n587\n573\n490\n1,374\nPrivate\n156\n454\n537\n246\n950\n1,807\n1,671\n1,731\n1,802\n1,933\nTotal External Debt\n5,687\n7,050\n7,509\n7,623\n9,059\n10,958\n10,794\n10,960\n11,299\n13,134\nSource: Ministry of Finance & Economic Development, 2019; & Reserve Bank of Zimbabwe, 2019\nTABLE 10: ZIMBABWE: EXTERNAL DEBT OUTSTANDING BY DEBTOR (INCLUDING ALL ARREARS)\n \n29 \n \n \nSOUTH ARFICAN\nBOTSWANA\nJAPANESE\nEURO/2\nPOUND\nEND OF\nRAND/1\nPULA/1\nYEN/1\nSTERLING/2\n2017\nJan\n13.5146\n10.5652\n113.4750\n1.0701\n1.2516\nFeb\n12.9957\n10.3573\n112.5100\n1.0591\n1.2439\nMar\n13.5450\n10.5541\n111.8750\n1.0678\n1.2487\nApr\n13.3461\n10.4384\n111.1600\n1.0862\n1.2908\nMay\n13.1162\n10.2987\n110.9650\n1.1168\n1.2801\nJun\n13.0150\n10.2249\n111.9450\n1.1439\n1.3013\nJul\n12.9986\n10.2093\n110.5150\n1.1734\n1.3127\nAug\n13.0153\n10.1368\n110.5500\n1.1873\n1.2920\nSep\n13.5463\n10.3252\n112.6750\n1.1777\n1.3416\nOct\n14.0603\n10.5319\n113.1150\n1.1630\n1.3209\nNov\n13.6625\n10.3199\n112.1250\n1.1867\n1.3470\nDec\n12.4000\n9.9602\n112.7500\n1.1945\n1.3500\n2018\nJan\n12.2727\n9.7871\n111.2348\n1.2105\n1.3734\nFeb\n11.8296\n9.5527\n107.8824\n1.2364\n1.3985\nMar\n11.8379\n9.5578\n106.0110\n1.2340\n1.3966\nApr\n12.0772\n9.6657\n107.6105\n1.2280\n1.4074\nMay\n12.5399\n9.9234\n109.7331\n1.1825\n1.3476\nJun\n13.2814\n10.2146\n109.9890\n1.1677\n1.3287\nJul\n13.4216\n10.3179\n111.4419\n1.1687\n1.3174\nAug\n14.0374\n10.5615\n111.1295\n1.1561\n1.2892\nSep\n14.7996\n10.7997\n111.9253\n1.1659\n1.3049\nOct\n14.5388\n10.7466\n112.6963\n1.1217\n1.2698\nNov\n14.1100\n10.6500\n113.3400\n1.1368\n1.2987\nDec\n14.1900\n10.6800\n112.5400\n1.1364\n1.2658\n2019\nJan\n13.8618\n10.5360\n109.1589\n1.1381\n1.2853\nFeb\n13.7789\n10.4964\n110.3111\n1.1449\n1.3004\nSource: Reserve Bank of Zimbabwe, 2019\n TABLE 11 : SELECTED INTERNATIONAL EXCHANGE RATES\n \n \n \n30 \n \n \nMarket Capitalisation\nEND OF\nAll Share*\nUS$ millions\n2017\nJan\n-\n140.2\n56.3\n8.6\n31,616,982\n3,903.7\nFeb\n-\n135.3\n56.5\n11.5\n85,314,995\n3,770.0\nMar\n-\n139.0\n58.6\n26.9\n145,238,255\n3,871.3\nApr\n-\n143.0\n66.3\n11.2\n75,857,712\n4,182.8\nMay\n-\n162.3\n69.6\n16.8\n170,830,515\n4,740.1\nJun\n-\n196.0\n69.8\n39.7\n311,145,262\n5,695.2\nJul\n-\n203.3\n69.4\n24.7\n149,425,245\n5,759.0\nAug\n-\n235.0\n73.5\n13.6\n107,920,143\n6,659.4\nSep\n-\n418.4\n122.6\n89.5\n245,278,194\n11,860.2\nOct\n-\n521.9\n132.5\n168.8\n1,006,687,304\n14,830.3\nNov\n-\n376.7\n126.9\n207.5\n196,489,710\n10,777.7\nDec\n-\n333.0\n142.4\n75.3\n844,189,447\n9,580.6\n2018\nJan\n91.3\n305.4\n130.4\n31.4\n55,032,220\n8,652.9\nFeb\n88.0\n294.6\n124.9\n63.7\n138,142,187\n8,386.0\nMar\n87.0\n291.0\n125.1\n40.3\n108,997,097\n8,290.4\nApr\n98.7\n330.7\n124.4\n44.4\n206,342,675\n9,405.3\nMay\n108.3\n361.5\n151.5\n59.3\n129,155,586\n10,393.2\nJun\n102.9\n342.8\n161.3\n73.0\n234,834,368\n9,792.2\nJul\n114.3\n384.3\n164.0\n114.9\n624,256,160\n10,969.7\nAug\n117.3\n394.6\n161.3\n50.5\n142,150,599\n12,475.4\nSep\n115.1\n387.0\n163.8\n61.1\n197,401,341\n12,265.5\nOct\n163.8\n549.8\n217.3\n449.6\n316,060,000\n17,960.0\nNov\n160.4\n538.7\n208.6\n118.0\n153,874,660\n17,316.6\nDec\n146.2\n487.1\n227.7\n93.0\n144,479,601\n19,424.4\n2019\nJan\n157.5\n525.9\n213.1\n110.3\n122,778,938\n20,888.4\nFeb\n148.1\n207.0\n494.3\n295.8\n229,935,122\n19,773.4\nSource:Zimbabwe Stock Exchange ,2019\n*All Share index was introduced in January 2018\nTABLE 12: ZIMBABWE STOCK MARKET STATISTICS\nIndustrial\n Market Turnover \nUS$ million \nVolume of Shares\nMining\nIndices\n \n \n \n31 \n \n \n \n \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n \nINTERNET\n2017\nJan\n 4,052.7 \n7.5\n368.7\n70.4\n 495.55 \n318.9\nFeb\n 4,246.6 \n7.0\n327.3\n58.4\n 472.30 \n324.1\nMar\n 4,629.8 \n7.4\n392.2\n58.8\n 671.60 \n399.7\nApr\n 4,178.8 \n4.8\n466.9\n39.3\n 792.50 \n337.6\nMay\n 4,974.0 \n6.5\n557.8\n44.7\n 939.90 \n618.7\nJun\n 5,346.4 \n6.3\n558.8\n34.6\n 1,095.55 \n500.3\nJul\n 4,805.1 \n5.7\n588.4\n29.4\n 1,601.38 \n586.4\nAug\n 5,325.1 \n5.2\n590.1\n24.7\n 1,776.44 \n583.3\nSep\n 6,031.4 \n5.2\n651.1\n16.1\n 2,159.26 731.93 \nOct\n 5,991.3 \n5.4\n681.9\n19.4\n 2,401.62 779.16 \nNov\n 6,259.7 \n4.9\n666.5\n15.9\n 2,561.84 798.33 \nDec\n 5,877.2 \n3.6\n778.4\n16.3\n 3,052.72 1,043.25 \n2018\nJan\n 5,548.1 \n4.9\n663.5\n21.3\n 2,318.80 1,006.05 \nFeb\n 4,706.6 \n4.5\n594.0\n13.9\n 2,015.11 831.05 \nMar\n 6,300.4 \n4.5\n654.2\n12.5\n 2,657.10 864.83 \nApr\n 5,786.8 \n3.3\n640.9\n11.5\n 3,002.63 822.58 \nMay\n 7,298.4 \n4.2\n819.7\n10.5\n 3,550.07 968.58 \nJun\n 7,997.3 \n4.7\n779.4\n8.3\n 3,724.31 1,135.49 \nJul\n 8,290.0 \n4.0\n790.0\n9.4\n 4,446.68 1,262.53 \nAug\n 7,762.9 \n2.9\n811.2\n14.0\n 4,558.54 1,254.96 \nSep\n 7,155.0 \n4.0\n842.5\n17.0\n 4,462.40 1,393.08 \nOct\n 8,230.5 \n4.2\n821.3\n17.9\n 4,607.38 1,428.20 \nNov\n 7,922.5 \n3.7\n657.5\n19.9\n 3,964.78 1,026.70 \nDec\n 8,355.2 \n2.8\n917.2\n14.6\n 4,833.80 1,102.90 \n2019\nJan\n 6,903.0 \n2.9\n 1,294.05 \n16.9\n 3,608.83 1,056.16 \nFeb\n 8,336.0 \n4.0\n 1,330.58 \n17.2\n 3,594.51 1,093.64 \nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.1 : ZETSS AND RETAIL PAYMENTS \n Values of Transactions (US$ millions)\n \n \n \n32 \n \nEND OF\nZETSS \nCHEQUE \nPOS\nATM\nMOBILE\n INTERNET\n2017\nJan\n 350.0 \n26.7\n 12,756.3 1,173.6 27,550.1 191.0 \nFeb\n 326.3 \n27.8\n 8,952.0 953.5 26,820.1 207.0 \nMar\n 414.2 \n31.0\n 11,124.0 922.2 35,604.1 244.1 \nApr\n 363.7 \n21.6\n 13,595.5 652.9 40,089.0 231.0 \nMay\n 531.8 \n27.8\n 16,623.4 820.6 47,019.1 323.3 \nJun\n 525.0 \n29.3\n 17,466.2 696.9 53,738.1 342.1 \nJul\n 521.8 \n30.0\n 20,013.7 636.1 61,162.4 382.6 \nAug\n 541.5 \n26.6\n 20,303.0 595.6 70,771.6 419.1 \nSep\n 620.0 \n27.2\n 20,731.0 478.0 83,303.0 432.0 \nOct\n 609.6 \n27.2\n 23,764.6 475.1 92,540.6 478.9 \nNov\n 575.3 \n25.6\n 22,748.6 347.3 97,945.2 473.0 \nDec\n 524.2 \n19.2\n 26,779.1 347.2 118,198.9 524.8 \nAnnual Total\n 5,903.4 \n320.1\n 214,857.4 8,099.0 754,742.1 4,248.84 \n2018\nJan\n 548.1 \n22.7\n 20,981.2 449.6 100,593.9 501.8 \nFeb\n 457.2 \n22.5\n 18,869.0 292.2 89,584.3 463.8 \nMar\n 545.2 \n23.7\n 21,996.8 268.4 116,120.0 510.5 \nApr\n 505.5 \n17.4\n 21,170.0 253.6 117,616.8 457.0 \nMay\n 611.1 \n21.2\n 23,278.2 213.2 137,423.0 496.6 \nJun\n 553.6 \n22.5\n 23,790.0 175.2 156,609.8 502.2 \nJul\n 560.2 \n20.1\n 25,075.5 223.1 169,416.8 559.6 \nAug\n 553.0 \n15.1\n 25,249.9 317.4 164,918.0 518.7 \nSep\n 543.0 \n19.4\n 24,918.0 300.8 161,289.5 511.3 \nOct\n 571.6 \n20.4\n 21,025.4 345.5 161,427.4 496.0 \nNov\n 477.4 \n16.7\n 17,845.4 334.9 133,862.1 430.6 \nDec\n 478.6 \n13.0\n 27,419.1 236.2 161,540.7 409.1 \n2019\nJan\n 401.5 \n12.2\n 40,613.8 232.6 135,481.1 413.4 \nFeb\n 456.5 \n16.4\n 27,811.2 226.8 119,081.1 463.6 \nSource:Reserve Bank of Zimbabwe, 2019\nTABLE 13.2 : ZETSS AND RETAIL PAYMENTS \n Volumes of Transactions (000's)\n \n \n \n33 \n \n \nEND OF\nEXPORTS\nIMPORTS\nTOTAL TRADE TRADE BALANCE\n2017\nJan\n292.0\n385.0\n677.0\n-93.0\nFeb\n290.3\n424.4\n714.7\n-134.1\nMar\n265.7\n461.8\n727.5\n-196.1\nApr\n225.6\n405.5\n631.1\n-179.9\nMay\n268.6\n465.6\n734.2\n-197.0\nJun\n264.5\n495.1\n759.6\n-230.6\nJul\n261.9\n481.9\n743.8\n-220.0\nAug\n356.4\n448.2\n804.6\n-91.8\nSep\n324.8\n440.0\n764.8\n-115.2\nOct\n352.8\n460.8\n813.6\n-108.0\nNov\n577.7\n493.7\n1071.4\n84.0\nDec\n299.8\n556.3\n856.1\n-256.5\nTotal\n3780.2\n5518.3\n9298.5\n-1738.1\n2018\nJan\n251.2\n489.7\n740.9\n-238.5\nFeb\n346.3\n574.9\n921.2\n-228.6\nMar\n288.6\n605.8\n894.3\n-317.2\nApr\n329.6\n544.1\n873.7\n-214.5\nMay\n267.2\n532.4\n799.6\n-265.2\nJun\n384.6\n614.6\n999.3\n-230.0\nJul\n340.3\n560.0\n900.3\n-219.7\nAug\n449.3\n576.5\n1025.9\n-127.2\nSep\n353.4\n577.1\n930.5\n-223.7\nOct\n448.6\n592.3\n1040.9\n-143.7\nNov\n471.7\n628.7\n1100.4\n-157.0\nDec\n364.8\n494.7\n859.5\n-129.9\n2019\nJan\n292.6\n336.8\n629.4\n-44.2\nFeb\n348.4\n370.5\n718.9\n-22.1\nSource: Zimstat, 2019\nTABLE 14 : MERCHANDISE TRADE STATISTICS\n (US$ millions)", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/Monthly_Economic_Reviews/Monthly-Economic-Review-Feb-2019.pdf"}

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+{"doc_id": "5a21427e4ae150a29f02dd2f2286be07", "text": "MPC Statement 14 April 2020 \nPage 1 \n \n \n \nSouth African Reserve Bank \n \nPRESS STATEMENT \nEMBARGO DELIVERY \n14 April 2020 \n \n \nSTATEMENT OF THE MONETARY POLICY COMMITTEE \n \nIssued by Lesetja Kganyago, Governor of the South African Reserve Bank \nSince the March meeting of the Monetary Policy Committee (MPC), the Covid-19 \npandemic has spread globally and its impact is being felt through all economies. \nCurrent estimates from the IMF show global growth contracting this year by about \n2.9%.1 Economic contractions are expected to be deepest in the second quarter of \n2020, with some recovery expected in the third quarter of the year. The strength of \nthe recovery into the fourth quarter and 2021 will depend on how quickly countries are \nable to open up for economic activity safely, requiring sustainable social distancing \nrules, safety processes put in place by businesses and public institutions, and capacity \nof hospitals to accommodate those in need. Current indications from the World health \n \n1 Global growth in the QPM model is a trade-weighted average. For 2020 this is now at -2.6% and 4% for 2021. \nMPC Statement 14 April 2020 \nPage 2 \n \nOrganisation are that the pandemic is unlikely to end quickly, with shorter, less virulent \nwaves hitting over time. \nThe uncertainties of the crisis have led to extremely high volatility in financial asset \nprices, with sharp and deep market sell-offs followed by a partial recovery. At this \nstage, the sustainability of that recovery remains uncertain, and global markets remain \nin risk-off mode. This has implications for emerging markets and South Africa in \nparticular, as investor appetite for rand-denominated equities and bonds is expected \nto remain weak. \nPolicy responses to the crisis have generally been robust, with the magnitudes \ndependent on the degree of policy space available to countries. The US Federal \nReserve has taken further steps to expand its balance sheet. The European Central \nBank (ECB) has made similar commitments. Emerging and developing economies \ngenerally have less policy space available and credit is more expensive, and for this \nreason, the International Financial Institutions (the IMF, the World Bank) and others \nhave made available extraordinary levels of emergency financial support. \nThe Covid-19 outbreak will have a major health and social impact, and forecasting \ndomestic economic activity presents unprecedented uncertainty. With that in mind, \nthe Bank expects GDP in 2020 to contract by 6.1%, compared to the -0.2% expected \njust three weeks ago. GDP is expected to grow by 2.2% in 2021 and by 2.7% in 2022. \nSouth Africa’s lockdown has been extended by an additional 14 days, bringing the \ntotal lockdown period to 35 days. Both the supply and demand effects of this extension \nreduce growth and deepen it in the short-term, as businesses stay shut for longer and \nhouseholds with income spend less. This will likely also increase job losses, with \nMPC Statement 14 April 2020 \nPage 3 \n \nfurther consequences for aggregate demand. The impacts will be particularly severe \nfor small businesses, and individuals with earnings in the informal sector. \nSome factors will support growth, including where businesses are able to open under \nthe current rules, new jobs being created to service more needs under the lockdown, \nand sustained government spending, both through normal operations and crisis-\nrelated spending and programmes. The faster the global economy recovers from the \ncrisis, as China appears to be gradually doing now, the more positive growth spillovers \nwill strengthen for South Africa, including healthy price levels for commodity exports. \nNonetheless, prices for many commodities have fallen as a result of weaker demand \nglobally. The spot price for Brent crude oil is currently around $31 per barrel, despite \na new agreement reached by Opec and other producers to make large oil production \ncuts. For our forecast, the Brent crude oil price is expected to average $42 per barrel \nin 2020 and $45 per barrel in 2021, very close to the March forecast. \nAs noted earlier, while advanced economies conduct exceptionally accommodative \npolicies, global financing conditions are no longer supportive of emerging market \ncurrency and asset values. Credit risk has risen back to 2008 levels and about R100 \nbillion of local assets have been sold by non-resident investors. The rand has \ndepreciated by 22.6% against the USD since January and by 17.3% since the March \nmeeting of the MPC. The implied starting point for the rand forecast is R17.80 to the \nUS dollar, compared with R15.40 at the time of the previous meeting. \nSlightly lower oil prices and sharply lower domestic growth pulls down on the inflation \nforecast, while negative global sentiment and fiscal risks have led to equally \naggressive currency depreciation and upside pressure on inflation. The timing and \nsize of these contradictory impulses suggests that they are not perfectly offsetting, \nMPC Statement 14 April 2020 \nPage 4 \n \nwith weaker inflation in the near term likely giving way to higher inflation later in the \nforecast period. \nThe Bank’ s headline consumer price inflation forecast averages 3.6% for 2020, 4.5% \nfor 2021, and 4. 4% in 2022. The forecast for core inflation is lower at 3.8% in 2020, \n4.0% in 2021, and 4.2% in 2022. \nThe overall risks to the inflation outlook at this time appear to be to the downside. \nElectricity pricing remains a concern but has moderated somewhat. Risks to inflation \nfrom recent currency depreciation are expected to be muted as pass-through is slow. \nGlobal producer price inflation has decelerated. Lower oil prices will reduce petrol \nprices in the near term. International food prices have eased and local food price \ninflation is expected to remain low, in part due to higher domestic production levels. \nExpectations of future inflation broadly remain around the mid-point of the band, \nalthough market-based expectations have recently ticked up in response to the \ndepreciation of the currency.2 \nWeaker domestic growth and greater fiscal risks have resulted in a downgrade by \nMoody’s credit rating agency and confirmation of a negative outlook by Fitch, a weaker \ncurrency and higher borrowing costs for government, banks and firms. South Africa’s \nrisk profile has increased. \nDespite this rise in country risk, the Committee notes that the more prolonged \nlockdown and slower recovery creates downside risk to inflation and allows further \n \n2 The latest Bureau for Economic Research (BER) survey has expectations for 2020 down by 0.4ppts to 4.4% and to .4.6% (from 5.0%) for \n2021. Five-year-ahead inflation expectations also eased to 4.7% (from 4.9%). Market analysts (Reuters Econometer) expect inflation to be, \n4.2% (from 4.4%) for 2020, 4.6% (from 4.7%) in 2021 and 4.5% (from 4.6%) for 2022. Market-based rates are calculated from the break-even \ninflation rate, which is the yield differential between conventional and inflation-linked bonds. These sit at 4.7% for the 5-year and well over \n6% on the 10-year breakeven. \nMPC Statement 14 April 2020 \nPage 5 \n \nspace for monetary policy to respond to the virus-induced demand shock to the \neconomy. Barring severe and persistent currency and oil shocks, inflation is expected \nto be well contained, remaining below the midpoint of the target in 2020 and close to \nthe midpoint in 2021. \nAgainst this backdrop, the MPC decided to cut the repo rate by 100 basis points. This \ntakes the repo rate to 4.25% per annum, with effect from 15 April 2020. The decision \nwas unanimous. \nThe implied path of policy rates over the forecast period generated by the Quarterly \nProjection Model indicates five repo rate cuts of 25 basis points extending into the first \nquarter of 2021. \nMonetary policy can ease financial conditions and improve the resilience of \nhouseholds and firms to the economic implications of Covid-19. In addition to \ncontinued easing of interest rates, the Bank has taken steps to ensure adequate \nliquidity in money and government bond markets and to ease capital requirements to \nfree capital for onlending by financial institutions. Each of these steps make more \ncapital available to households and firms. \nMonetary policy however cannot on its own improve the potential growth rate of the \neconomy or reduce fiscal risks. These should be addressed by implementing prudent \nmacroeconomic policies and structural reforms that lower costs generally, and \nincrease investment opportunities, potential growth and job creation. Such steps will \nfurther reduce existing constraints on monetary policy and its transmission to lending. \nGlobal economic and financial conditions are expected to remain highly volatile for the \nforeseeable future. In this highly uncertain environment, future decisions will continue \nMPC Statement 14 April 2020 \nPage 6 \n \nto be highly data dependent, sensitive to the balance of risks to the outlook and will \nseeks to look through temporary price shocks. As usual, the repo rate projection from \nthe QPM remains a broad policy guide which can change from meeting to meeting in \nresponse to changing data and risks. \nLesetja Kganyago \nGOVERNOR \n \nThe next statement of the Monetary Policy Committee will be released on 21 May \n2020. \n \nContact person: \nThoraya Pandy \n012 313 3066/ 082 416 8416 \nmedia@resbank.co.za", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/MPC_Statements/April-2020-MPC-statement.pdf"}