Regulatory Alerts1998-01-01
Bank of Zambia Circular 10/1998: Introduction to the Euro
The Bank of Zambia requires all commercial banks to prepare for and familiarize themselves with the Euro as an additional major operating currency ahead of its legal introduction on 1 January 1999. During the three-year transition period ending 31 December 2001, participating European national currencies will coexist with the Euro before physical banknotes and coins replace them in January 2002. Banks requiring technical guidance on Euro operations should contact the Financial Markets Department for further information.
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