{"doc_id": "02efaa598da03dbfc7cb7bb6b9a06222", "text": "Vol. 27 No. 25 \n \n \nWeek Ending \n20th June 2025 \nWeekly Economic \nHighlights \nTABLE OF CONTENTS \n \n1. \nOVERVIEW ............................................................................ 1 \n2. \nINTEREST RATES ................................................................ 1 \n3. \nEQUITY MARKETS .............................................................. 3 \n4. \nCLEARING AND SETTLEMENT ACTIVITY .................. 5 \n5. \nENERGY PRICES .................................................................. 5 \n6. \nGOLD PM FIX, MOSI-OA-TUNYA GOLD COINS AND \nGOLD BACKED DIGITAL TOKENS (GBDT) .................. 6 \n7. \nEXTERNAL SECTOR ........................................................... 6 \n \n \n \n 1 \n1. OVERVIEW \n \nThis report offers an overview of key developments within the domestic monetary and financial sectors of the \neconomy for the week ending 20 June 2025. It includes updates on the money and capital markets, national \npayment systems, exchange rates and international commodity prices. \nDeposit rates for both foreign and local currency held steady at the same levels as the previous week, reflecting \nstable monetary conditions. During the period under review, the minimum and maximum local currency \nlending rates for both individuals and corporates surged compared to the prior week. However, the minimum \nand maximum foreign currency lending rates for corporate and individual clients declined, except for \nminimum individual rate which increased. \nDuring the week ending 20 June 2025, both the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock \nExchange (VFEX) traded negatively. As a result, the ZSE and VFEX All-Share indices lost 0.98% and 1.17 \n% to close at 193.05 points and 106.13 points, respectively. \nThe value of the aggregate transactions processed through the National Payment Systems platforms declined \nby 2.58% from the previous week to ZiG39.02 billion. The drop was mainly attributed to declines in terms of \nvalue with respect to the Real Time Gross Settlement (RTGS) system, POS, and mobile money. \nOn the interbank market, the Zimbabwe Gold (ZiG) depreciated by 0.07%, from an average of ZiG26.97 per \nUS$1 recorded in the previous week, to ZiG26.99 per US$1 during the week ending 20th June 2025. \nInternational average commodity prices for gold and platinum firmed, while prices for palladium, nickel and \nlithium decreased. Gold rose due to escalating tensions in the Middle East, particularly the Israel-Iran conflict, \nwhich heightened gold’s appeal as a safe haven asset. The increase in platinum was fuelled by constrained \nsupply, increased jewellery restocking, and improved investor sentiment following London Platinum Week. \nHowever, Palladium prices fell as the shift to electric vehicles (EVs), especially in China, continues to erode \npalladium demand, weighing down on prices. Similarly, lithium prices dropped, due to oversupply, growing \ninventories, downward pressure on input costs and weak demand - especially in energy storage systems (ESS). \nNickel prices declined as production cuts from Indonesia failed to offset prevailing concerns about an \noversupplied market. \nA total of 309.12 million kilograms were sold as of 74th day of the 2025 tobacco marketing season, marking \na 45.65% increase from 212.23 million kilograms sold during the same period in 2024. Similarly, the value of \nsales rose to US$1.04 billion in the reporting period, an increase of 41.70% from US$0.73 billion reported in \nthe same period in 2024. The average price of the golden leaf during the reporting period was US$3.36 per \nkg, slightly lower than the US$3.45 per kg recorded during the same period in the previous year. \n \n \n \n 2 \n \n2. INTEREST RATES \n \nAverage commercial bank deposit rates (Local Currency (ZiG) (%) \nZiG Deposit rates \n30 May 2025 \n06 June 2025 \n13 June 2025 \n20 June 2025 \nSavings \n \n \n \n \nMinimum \n3.81 \n3.81 \n3.81 \n3.81 \nMaximum \n4.14 \n4.14 \n4.14 \n4.14 \n1-month deposit \n \n \n \n \nMinimum \n5.68 \n5.66 \n5.66 \n5.66 \nMaximum \n9.30 \n8.61 \n8.77 \n8.77 \n3-months deposit \n \n \n \n \nMinimum \n6.09 \n5.95 \n5.95 \n5.95 \nMaximum \n9.62 \n8.93 \n9.21 \n9.21 \n6-months deposit \n \n \n \n \nMinimum \n5.59 \n5.56 \n5.56 \n5.56 \nMaximum \n8.92 \n8.23 \n8.23 \n8.23 \n12-months deposit \n \n \n \n \nMinimum \n5.71 \n5.57 \n5.57 \n5.57 \nMaximum \n8.93 \n8.24 \n8.24 \n8.24 \nOver 1 year \n \n \n \n \nMinimum \n5.72 \n5.58 \n5.58 \n5.58 \nMaximum \n8.94 \n8.25 \n8.25 \n8.25 \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \nAverage commercial bank deposit rates (Foreign Currency (US$) (%) \nUS$ Deposit rates \n30 May 2025 \n06 June 2025 \n13 June 2025 \n20 June 2025 \nSavings \n \n \n \n \nMinimum \n1.67 \n1.67 \n1.67 \n1.67 \nMaximum \n1.86 \n1.86 \n1.86 \n1.86 \n1-month deposit \n \n \n \n \nMinimum \n3.94 \n3.72 \n3.72 \n3.72 \nMaximum \n5.94 \n5.67 \n5.72 \n5.72 \n3-month deposit \n \n \n \n \nMinimum \n4.33 \n4.38 \n4.38 \n4.38 \nMaximum \n6.32 \n6.53 \n6.70 \n6.70 \n6-month deposit \n \n \n \n \nMinimum \n4.47 \n4.18 \n4.18 \n4.18 \nMaximum \n7.11 \n6.71 \n6.71 \n6.71 \n12-Month deposit \n \n \n \n \nMinimum \n4.53 \n4.25 \n4.25 \n4.25 \nMaximum \n6.83 \n6.44 \n6.44 \n6.44 \nOver 1 year \n \n \n \n \nMinimum \n4.64 \n4.36 \n4.36 \n4.36 \nMaximum \n7.00 \n6.61 \n6.61 \n6.61 \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \n \n \n 3 \n \n \n \nCommercial bank weighted lending rates (Local Currency (ZiG) (%) \nZiG Lending rates \n30 May 2025 \n06 June 2025 \n13 June 2025 \n20 June 2025 \nIndividuals \n \n \n \n \nMinimum \n43.66 \n42.25 \n42.29 \n42.34 \nMaximum \n48.93 \n47.98 \n48.01 \n48.06 \nCorporates \n \n \n \n \nMinimum \n40.27 \n40.42 \n40.42 \n40.51 \nMaximum \n46.51 \n46.68 \n46.40 \n46.77 \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \nCommercial bank weighted lending rates (Foreign Currency (US$) (%) \nUS$ Lending rates \n30 May 2025 \n06 June 2025 \n13 June 2025 \n20 June 2025 \nIndividuals \n \n \n \n \nMinimum \n12.91 \n13.28 \n13.31 \n13.33 \nMaximum \n17.32 \n17.47 \n17.49 \n17.48 \nCorporates \n \n \n \n \nMinimum \n10.32 \n10.32 \n10.34 \n10.31 \nMaximum \n15.79 \n15.82 \n15.87 \n15.86 \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \nCommercial banks and building societies mortgage lending rates (%) \nMortgage Lending rates \n30 May 2025 \n06 June 2025 \n13 June 2025 \n20 June 2025 \nZiG Lending rates \n \n \n \n \nMinimum \n25.00 \n25.00 \n25.00 \n25.00 \nMaximum \n50.00 \n50.00 \n50.00 \n50.00 \nUS$ Lending rates \n \n \n \n \nMinimum \n10.00 \n10.00 \n10.00 \n10.00 \nMaximum \n22.00 \n18.00 \n18.00 \n18.00 \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \n3. EQUITY MARKETS \n \n \nZSE Indicators \n \n \nAll \nShare \nIndex \n(points) \nTop 10 \nIndex \n(points) \nTop 15 \nIndex \n(points) \nMedium Cap \n(points) \nSmall Cap \n(points) \nMining \nIndex \n(points) \nGrand \nMarket Cap \n(ZiG \nbillion) \nMarket \nTurnover \n(ZiG \nmillion) \nVolume of \nShares \n(million) \n30-May-25 \n196.85 \n189.81 \n194.22 \n246.15 \n100.11 \n145.40 \n60.00 \n286.33 \n112.80 \n06-Jun-25 \n197.56 \n193.50 \n196.91 \n235.68 \n100.11 \n145.40 \n60.91 \n163.57 \n231.38 \n13-June-25 \n194.97 \n192.75 \n195.58 \n225.84 \n100.11 \n145.40 \n60.43 \n105.66 \n18.94 \n20-June-25 \n193.05 \n189.67 \n192.91 \n228.09 \n100.00 \n145.40 \n59.66 \n91.49 \n43.14 \nWeekly \nChange (%) \n(0.98) \n(1.60) \n(1.37) \n1.00 \n(0.11) \n0.00 \n(1.27) \n(13.41) \n127.77 \nSource: Zimbabwe Stock Exchange, 2025 \n \n \nVFEX Indicators \nDate \n \nAll Share Index \nPoints \nGrand Market Capitalisation \n(US$ billion) \nMarket Turnover (US$ \nmillion) \nVolume of Shares (million) \n30-May-25 \n107.24 \n1.25 \n1.47 \n13.23 \n06-Jun-25 \n107.60 \n1.25 \n0.23 \n1.37 \n13-Jun-25 \n107.39 \n1.25 \n1.45 \n4.42 \n20-Jun-25 \n106.13 \n1.24 \n0.98 \n3.88 \n \n 4 \nWeekly \nChange (%) \n(1.17) \n(0.80) \n(32.41) \n(12.22) \nSource: Victoria Falls Stock Exchange, 2025 \n \n \nFigure 1: ZSE and VFEX Indicators \n \n \n \n \n \n0\n50 000\n100 000\n150 000\n200 000\n250 000\n28-Feb-25\n07-Mar-25\n14-Mar-25\n21-Mar-25\n28-Mar-25\n04-Apr-25\n11-Apr-25\n18-Apr-25\n25-Apr-25\n02-May-25\n09-May-25\n16-May-25\n23-May-25\n30-May-25\n06-Jun-25\n13-Jun-25\n20-Jun-25\nZiG Thousands\nZSE Market Turnover \nNotable trade deals: 97.69 million\nEconet Wireless Zimbabwe Limited\nshares,3.11 million OK Zimbabwe\nLimited shares, 3.06 million shares\nexchanged\nhands\nat\nZiG297.45\ncents/share,ZiG35.90cents/share\nand\nZiG12.53\ncents/share,\nrespectively\n90\n110\n130\n150\n170\n190\n210\n230\n250\n270\n28-Feb-25\n07-Mar-25\n14-Mar-25\n21-Mar-25\n28-Mar-25\n04-Apr-25\n11-Apr-25\n18-Apr-25\n25-Apr-25\n02-May-25\n09-May-25\n16-May-25\n23-May-25\n30-May-25\n06-Jun-25\n13-Jun-25\n20-Jun-25\nIndices\nZSE Indices \nAll Share Index (ZSE)\nTop 10 Index\nMining Index\n40\n45\n50\n55\n60\n65\n70\n75\n80\n28-Feb-25\n07-Mar-25\n14-Mar-25\n21-Mar-25\n28-Mar-25\n04-Apr-25\n11-Apr-25\n18-Apr-25\n25-Apr-25\n02-May-25\n09-May-25\n16-May-25\n23-May-25\n30-May-25\n06-Jun-25\n13-Jun-25\n20-Jun-25\nZiG Billion\nZSE Market Capitalisation \n95\n100\n105\n110\n115\n120\n28-Feb-25\n07-Mar-25\n14-Mar-25\n21-Mar-25\n28-Mar-25\n04-Apr-25\n11-Apr-25\n18-Apr-25\n25-Apr-25\n02-May-25\n09-May-25\n16-May-25\n23-May-25\n30-May-25\n06-Jun-25\n13-Jun-25\n20-Jun-25\nIndex\nVFEX All Share Index \n \n 5 \n \n \nSource: Zimbabwe Stock Exchange and Victoria Falls Stock Exchange, 2025 \n \n \n \n4. CLEARING AND SETTLEMENT ACTIVITY \n Source: Reserve Bank of Zimbabwe, 2025 \n \n5. ENERGY PRICES \n \nEnergy Prices \n \n30 May 2025 \n06 June 2025 \n13 June 2025 \n20 June 2025 \nDomestic Energy Prices \nUS$ \nUS$ \nUS$ \nUS$ \nDiesel 50/ litre \n1.50 \n1.50 \n1.50 \n1.50 \nPetrol Blend E20/ litre \n1.54 \n1.54 \n1.54 \n1.54 \nLP Gas / kg \n1.60 \n1.59 \n1.59 \n1.59 \n \n \n \n \n \nPAYMENT STREAM \nWEEK ENDING \n13 June 2025 \nWEEK ENDING \n20 June 2025 \nWEEKLY \nCHANGE (%) \n \nVALUES \n \nRTGS \n31,434,420,687.07 \n31,149,624,609.71 \n(0.91) \nOf which ZiG \n12,508,251,447.79 \n11,047,344,462.49 \n(11.68) \nOf which US$ transactions \n(ZiG Equivalent) \n18,926,169,239.28 \n \n20,102,280,147.22 \n \n6.21 \nPOS \n2,659,897,153.06 \n2,525,331,629.62 \n(5.06) \nATM \n1,618,931,434.10 \n1,671,264,767.21 \n3.23 \nMOBILE BANKING \n97,728,706.99 \n102,728,370.10 \n5.12 \nMOBILE MONEY \n4,002,056,196.74 \n3,304,491,400.11 \n(17.43) \nZIPIT MOBILE \n242,579,990.55 \n268,273,074.31 \n10.59 \nTOTAL \n40,055,614,168.51 \n39,021,713,851.05 \n(2.58) \n \nVOLUMES \n \nRTGS \n167,631 \n174,047 \n3.83 \nOf which ZiG \n68,534 \n69,066 \n0.78 \nOf which US$ \n99,097 \n104,981 \n5.94 \nPOS \n1,624,166 \n1,692,948 \n4.23 \nATM \n178,746 \n215,086 \n20.33 \nMOBILE BANKING \n168,651 \n192,191 \n13.96 \nMOBILE MONEY \n11,948,962 \n11,000,464 \n(7.94) \nZIPIT MOBILE \n229,574 \n251,556 \n9.58 \nTOTAL \n14,317,730 \n13,526,292 \n(5.53) \n0\n100\n200\n300\n400\n500\n600\n700\n800\n900\n28-Feb-25\n07-Mar-25\n14-Mar-25\n21-Mar-25\n28-Mar-25\n04-Apr-25\n11-Apr-25\n18-Apr-25\n25-Apr-25\n02-May-25\n09-May-25\n16-May-25\n23-May-25\n30-May-25\n06-Jun-25\n13-Jun-25\n20-Jun-25\nUS$ Thousand\nVFEX Market Turnover \n1,1\n1,15\n1,2\n1,25\n1,3\n1,35\n1,4\n28-Feb-25\n07-Mar-25\n14-Mar-25\n21-Mar-25\n28-Mar-25\n04-Apr-25\n11-Apr-25\n18-Apr-25\n25-Apr-25\n02-May-25\n09-May-25\n16-May-25\n23-May-25\n30-May-25\n06-Jun-25\n13-Jun-25\n20-Jun-25\nUS$ Billion\nVFEX Market Capitalisation \n \n 6 \nInternational Energy \nPrices (Weekly average) \nUS$/barrel \nUS$/barrel \nUS$/barrel \nUS$/barrel \nCrude Oil Prices \n64.38 \n \n65.00 \n70.11 \n75.79 \n Source: Zimbabwe Energy Regulatory Authority and BBC 2025 \n \n6. GOLD PM FIX, MOSI-OA-TUNYA GOLD COINS AND GOLD BACKED DIGITAL TOKENS \n(GBDT) \n \nGold PM Fix and Gold Backed Digital Token Prices \nDate \nGold PM Fix \nGBDT ZiG Price per Mg \nGBDT US$ Price per Mg \nUS$/oz \nBuy \nSell \nBuy \nSell \n16-Jun-25 \n3,435.35 \n2.83 \n3.13 \n0.1049 \n0.1160 \n17-Jun-25 \n3,397.60 \n2.80 \n3.09 \n0.1038 \n0.1147 \n18-Jun-25 \n3,388.45 \n2.79 \n3.09 \n0.1035 \n0.1144 \n19-Jun-25 \n3,391.50 \n2.80 \n3.09 \n0.1036 \n0.1145 \n20-Jun-25 \n3,368.90 \n2.78 \n3.07 \n0.1029 \n0.1137 \nSource: London Bullion Market Association and Reserve Bank of Zimbabwe, 2025 \n \n \n \n \nMosi-oa-Tunya Gold Coin Prices \nGold Coin \nPrice \n16-June-25 \n17-June-25 \n18-June-25 \n19-June-25 \n20-June-25 \n1.00Oz \n \n \n \n \n \nUS$ \n3,607.12 \n3,567.48 \n3,557.87 \n3,561.08 \n3,537.35 \nZiG \n97,318.59 \n96,255.96 \n96,014.53 \n96,115.91 \n95,479.31 \n0.50Oz \n \n \n \n \n \nUS$ \n1,803.56 \n1,783.74 \n1,778.94 \n1,780.54 \n1,768.67 \nZiG \n48,659.29 \n48,127.98 \n48,007.26 \n48,057.95 \n47,739.65 \n0.25Oz \n \n \n \n \n \nUS$ \n901.78 \n891.87 \n889.47 \n890.27 \n884.34 \nZiG \n24,329.65 \n24,063.99 \n24,003.63 \n24,028.98 \n23,869.83 \n0.10Oz \n \n \n \n \n \nUS$ \n360.71 \n356.75 \n355.79 \n356.11 \n353.73 \nZiG \n9,731.86 \n9,625.60 \n9,601.45 \n9,611.59 \n9,547.93 \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \n7. EXTERNAL SECTOR \n \n \nExchange Rate Developments (ZiG per Unit of foreign currency) \n \n \nUSD \nZAR \nGBP \nBWP \nEURO \nWeekly Average \n(09 - 13 June) \n26.9659 \n1.5161 \n36.5044 \n2.0168 \n32.0530 \n16-June \n26.9796 \n1.5035 \n36.6116 \n2.0075 \n31.1803 \n17-June \n26.9815 \n1.5131 \n36.6223 \n2.0077 \n31.1853 \n18-June \n26.9865 \n1.5008 \n36.2809 \n2.0175 \n31.0493 \n19-June \n26.9907 \n1.4963 \n36.1771 \n2.0030 \n30.9408 \n \n 7 \n20-June \n26.9918 \n1.4981 \n36.4228 \n2.0044 \n31.1000 \nWeekly Average \n(16 – 20 June) \n26.9860 \n1.5024 \n36.4229 \n2.0080 \n31.0911 \nAppr (-)/Depr (+) (%) of the \nZWG \n0.07 \n(0.90) \n(0.22) \n(0.44) \n(3.00) \nSource: Reserve Bank of Zimbabwe, 2025 \n \n \nInternational Commodity Prices \n \nGold \nPlatinum \nPalladium \nNickel \nLithium \n \nUS$/oz \nUS$/ounce \nUS$/ounce \nUS$/tonne \nUS$/tonne \nWeekly Average \n(09 – 13 June) \n3,357.77 \n1,240.10 \n1,065.50 \n15,237.20 \n8,256.00 \n09-June \n3391,13 \n1,244.09 \n1,032.71 \n15,069.00 \n8,250.00 \n10-June \n3384,50 \n1,260.50 \n1,036.50 \n14,924.00 \n8,250.00 \n11-June \n3354,48 \n1,293.50 \n1,056.00 \n15,053.00 \n8,250.00 \n12-June \n3343,66 \n1,285.00 \n1,038.00 \n15,056.00 \n8,250.00 \n13-June \n3351,19 \n1,278.00 \n1,045.50 \n14,770.00 \n8,250.00 \nWeekly Average \n(16 – 20 June) \n3,364.99 \n1,272.22 \n1,041.74 \n14,974.40 \n8,250.00 \nWeekly change (%) \n0.22 \n2.59 \n(2.23) \n(1.72) \n(0.07) \nSource: BBC, KITCO and Bloomberg, 2025 \n \nFigure 3: Weekly International Commodity Price Developments (4th April 2025– 20th June 2025) \n \n \n \n \n2 900\n3 150\n3 400\n3 650\n3 900\n04-Apr\n11-Apr\n18-Apr\n25-Apr\n02-May\n09-May\n16-May\n23-May\n30-May\n06-Jun\n13-Jun\n20-Jun\nUS$/oz\nGold\n50\n55\n60\n65\n70\n75\n80\n4-Apr\n11-Apr\n18-Apr\n25-Apr\n2-May\n9-May\n16-May\n23-May\n30-May\n6-Jun\n13-Jun\n20-Jun\nUS$/barrel\nCrude oil \n880\n930\n980\n1 030\n1 080\n1 130\n1 180\n1 230\n1 280\n1 330\n4-Apr\n11-Apr\n18-Apr\n25-Apr\n2-May\n9-May\n16-May\n23-May\n30-May\n6-Jun\n13-Jun\n20-Jun\nUS$/tonne\nPlatinum\n900\n920\n940\n960\n980\n1 000\n1 020\n1 040\n1 060\n1 080\n4-Apr\n11-Apr\n18-Apr\n25-Apr\n2-May\n9-May\n16-May\n23-May\n30-May\n6-Jun\n13-Jun\n20-Jun\nUS$/tonne\nPalladium\n \n 8 \n \n \nSource: BBC, KITCO and Bloomberg, 2025 \n \n \n \n \n8. TOBACCO SALES \n \nWeekly Cumulative Tobacco Sales: Day 74 (20th June 2025) \n \n2025 \n2024 \nVariance (%) \nCumulative Quantity Sold (Kgs) \n309,120,966 \n212,231,116 \n45.65 \nAverage Price (US$/kg) \n3.36 \n3.45 \n(2.61) \nCumulative value (US$) \n1,037,605,600 \n732,248,158 \n41.70 \nSource: Tobacco Industry and Marketing Board (TIMB), 2025 \n \n \n \nRESERVE BANK OF ZIMBABWE \nJUNE 2025 \n14 000\n14 200\n14 400\n14 600\n14 800\n15 000\n15 200\n15 400\n15 600\n15 800\n16 000\n4-Apr\n11-Apr\n18-Apr\n25-Apr\n2-May\n9-May\n16-May\n23-May\n30-May\n6-Jun\n13-Jun\n20-Jun\nUS$/tonne\nNickel\n8 000\n8 300\n8 600\n8 900\n9 200\n9 500\n9 800\n10 100\n4-Apr\n11-Apr\n18-Apr\n25-Apr\n2-May\n9-May\n16-May\n23-May\n30-May\n6-Jun\n13-Jun\n20-Jun\nUS$/tonne\nLithium", "source": "SARB", "stratum": "cb_requests", "fetch_date": "2026-05-11", "url": "file:///SARB/Weekly_Economic_Highlights/WEEKLY_ECONOMIC_HIGHLIGHTS_20June_2025_Volume_27_Number_25.pdf"}