Regulatory Alerts2001-01-01
Bank of Zambia Circular 27/2001: Statutory Reserve Ratio
The Bank of Zambia has increased the minimum statutory reserve ratio on demand deposits, covering both kwacha and foreign currency, by 2.5 percentage points from 12.5% to 15%. This regulatory adjustment applies to all commercial banks operating within the country. The revised 15.0% reserve requirement officially takes effect on 3 December 2001.
Share