CB Circular No. 11 of 2026 - Foreign Currency Export and Import Measures

Bank Square, Cairo Road, P. O. Box 30080, Lusaka, Zambia, Tel: +260-211-399303, E-mail: dgo@boz.zm, Web:
https://www.boz.zm
OFFICE OF THE DEPUTY GOVERNOR – OPERATIONS
BOZ/EXEC/DG/stat/bp
August 5, 2026
CB Circular No. : 11/2026
To : All Heads of Commercial Banks
FOREIGN CURRENCY EXPORT AND IMPORT MEASURES
Please be advised that, effective immediately, the Bank of Zambia has implemented the following measures concerning the export and import of foreign cash:

1. All exports and imports of foreign cash must be communicated in writing to the Bank of
   Zambia prior to the export and import taking place. This communication should outline, among other things, the amount, Taxpayer Identification Number (TPIN), denominations, transportation and logistical arrangements, the purpose of the export and import, the intended destination for exports or source country for imports, and all relevant supporting contractual documentation.
2. Please address the letter to the following addressee with the Director – Prudential
   Supervision, kept in copy:
   The Director
   Statistics Department
   Bank of Zambia
   Bank Square, Cairo Road
   PO Box 30080
   Lusaka
   Attention: Assistant Director – Balance of Payments and Debt
3. Mandatory submission of information on all foreign cash exported and imported, along
   with their respective destinations and source countries, to be provided on the electronic balance of payments (e-BoP) monitoring system.
4. Each export and import declaration should consist of cash information from a single
   commercial bank.
   ...2/-

Bank Square, Cairo Road, P. O. Box 30080, Lusaka, Zambia, Tel: +260-211-399303, E-mail: dgo@boz.zm, Web:
https://www.boz.zm
CB Circular No. 11/2026 -2- August 5, 2026
__________________________________________________________________________ Maintenance of a comprehensive record of all foreign cash exports and imports is mandatory, as these records may be subject to inspection by the Bank of Zambia, Zambia Revenue Authority (ZRA) or other law enforcement agencies Please note that the Bank of Zambia will notify ZRA in writing of the intended cash exports and imports by the relevant commercial bank. Please find attached the Cash Repatriation Form and the template letter for submitting export and import information. Kindly be advised accordingly. Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS cc Governor Deputy Governor – Administration Chief Operations Officer Director – Financial Markets Director – Statistics Director – Prudential Supervision Director – Banking and Currency Director – Payment Systems Director – Financial Conduct Supervision