Regulatory Alerts2014-01-01
Cessation of Cash Exchange at Commercial Banks
The Bank of Zambia announced that the exchange of old currency for rebased notes at commercial banks officially ceased on 30 June 2014. Commercial banks must direct remaining public exchange requests to the Bank's Head Office in Lusaka and Regional Office in Ndola. The central bank will subsequently publish deposit dates for commercial banks and waive the standard bundling requirement of 500 notes when collections are insufficient.
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