Regulatory Alerts2012-01-01
Issuance of Technical Guidelines for the Currency Rebasing Exercise
The Bank of Zambia issued technical guidelines to prepare financial service providers for the currency rebasing exercise effective January 1, 2013. These guidelines mandate that stakeholders ensure their infrastructure, accounting systems, and software are ready to handle the new legal tender. The document outlines key roles and responsibilities to promote common understanding and facilitate a smooth implementation of the rebased currency.
Share