Regulatory Alerts2013-01-01
Bank of Zambia Circular 09/2013: Calendar for Submission of Interest Rates and Other Returns
The Bank of Zambia issued Circular 09/2013 to establish submission deadlines for weekly and monthly interest rates, government accounts balances, and annual borrower and employment statistics for 2013. The circular mandates that all returns be filed through the Bank Supervision Application System and specifies that interest rates must now be reported in Kwacha Thousands following the currency re-denomination. Additionally, a penalty of K500.00 per day is imposed for any delayed submissions of the required regulatory data.
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