Regulatory Alerts2010-01-01
Procedures for the Repatriation of Banknotes Between Mozambique and Zambia
The Bank of Zambia issued Circular 06/2010 to establish legal and operational procedures for the repatriation of banknotes between Zambia and Mozambique. The document mandates that commercial banks strictly adhere to specific protocols for exchanging, transporting, and accounting for Kwacha and Metical currencies across common border areas. It further requires financial operators to maintain vault limits, utilize standardized delivery forms, and submit statistical data on foreign currency holdings and counterfeits.
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