Regulatory Alerts2000-01-01
Directives on Foreign Currency Cash Transactions
The Bank of Zambia has revised the regulatory limits for over-the-counter foreign currency cash transactions. Authorized financial institutions must now cap these transactions at an equivalent of US$5,000 for account holders and US$1,000 for non-account holders. These updated thresholds supersede the previous guidelines set in Circular No. 11/98 and apply immediately to all licensed entities.
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