Regulatory Alerts2017-01-01
Circular 02/2017 - Extension of the Implementation of the Item Value Limits
The Bank of Zambia has extended the effective date for revised item value limits on cheques and electronic funds transfers from 12 April 2017 to 5 July 2017. This extension grants commercial banks and their customers additional preparation time to adapt to the new regulatory thresholds. Banks are directed to utilize the interim period to educate clients on the changes and design affordable electronic payment products that align with the revised limits.
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