Regulatory Alerts2017-01-01
Extension of Implementation of Revised Item Value Limits
The Bank of Zambia extends the effective date for its revised item value limits on cheques and electronic funds transfers from April 12, 2017, to July 5, 2017. This extension provides commercial banks and their customers adequate time to prepare for the new limits. Banks must utilize this period to sensitize customers and develop appropriate, affordable electronic payment products.
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