RegAlert2001-11-26
Added · Updated
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.
BOZ published 1 document in the last 30 days — get each new one by email the day it lands.
BANK OF ZAMBIA
Tel. 228888 / 228903 - 20 P.O. Box 30080 LUSAKA 10101
26 November 2001
CB Circular No. 27/2001
To: All Commercial Banks
Dear Sirs/Madam
STATUTORY RESERVE RATIO
Kindly refer to CB Circular No. 19/2001 dated 14th June 2001.
Commercial banks are hereby advised that the minimum statutory reserve ratio on demand deposits (both kwacha and foreign currency) has been revised upwards by 2.5 percentage points from 12.5% to 15%.
The new statutory reserve ratio of 15.0% takes effect on Monday, 3rd December 2001.
Yours faithfully
CHILUFYA MBALASHI (Ms.)
DEPUTY GOVERNOR - ADMINISTRATION
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Lineage: Amended
Timeline
Amended 1 time · last 2002-12-13
- 2002-12-13
BOZCB Circular 21/2002: Statutory Reserve Ratiosamends
This document amends: Bank of Zambia Circular 19/2001: Statutory Reserve Ratio
Similar documents from other regulators
BOTRevised Statutory Minimum Reserves CircularTanzania · 2015-05-04
CBLCircular No. 11/2025 Regarding Amendments to Capital Requirements for BanksLibya · 2025-04-08
BCCCircular No. 007/2015/BCC/DSBR on the Required Reserve Ratio for Financial Institutions Receiving Public FundsComoros · 2023-11-09
CBECircular dated October 3, 2017 regarding increasing the reserve ratio from 10% to 14%Egypt · 2017-10-04
Source: Bank of Zambia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from BOZ
BOZ published 1 document in the last 30 days. We email you each new one the day it's published.