GENERAL MANAGER'S OFFICE

BANK OF ZAMBIA
P.O. BOX 30080 LUSAKA
10101
TEL: 228888/228903-20
FAX 222808

27 June 1994

C B Circular No.10/94

To : All Commercial Bank and Bureaux de Change

Dear Sirs

STATISTICS ON FOREIGN EXCHANGE TRANSACTIONS

Reference is made to Bank of Zambia C B Circular No. 4/94 concerning statistical data on foreign exchange transactions. We wish to advise that the forms on which this data is submitted to us, namely FX Purchases and FX Sales, have been revised to delete the provision for customer's name and to include a provision for the exchange rate at which the transaction was made as well as commercial bank's or bureaux de change's name. We have also listed separately the purposes for which foreign exchange is purchased and the sources from which foreign exchange is obtained. The forms being withdrawn lumped all these items together.

Kindly find attached copies of the revised forms for your implementation with immediate effect.

Yours faithfully

G B MBULO
GENERAL MANAGER

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FX PURCHASES

BANK OF ZAMBIA

REPORT ON THE PURPOSE OF FOREIGN EXCHANGE PURCHASE.

This information is intended to provide the Central Bank with data for statistical purposes only and must be filled in by every person who buys foreign exchange in Zambia. The form may also be completed by Authorized Dealers on behalf of their customers. Its complements are a requirement under the Bank of Zambia Act.

Date of Purchase........../........../........
Amount Purchased...........................................
Exchange rate...................................................
Kwacha Equivalent...........................................

The foreign exchange has been purchased for the following purpose (Please tick the appropriate box):

1. Import of:
   I. Goods [ ]
   II. Services of which
   a) Education [ ] b) Medical [ ] c) Travel [ ] d) Gratuity [ ] e) Pension [ ] f) Inducement allowance [ ] g) Dividends [ ] h) Management fees [ ] i) Freight [ ] j) Port charges [ ] k) Insurance [ ] l) IATA bills [ ] m) Subscriptions [ ] n) Royalties [ ] o) Other services (specify) ___________________________

2. Capital
   a) Emigration [ ] b) Capital Transfers [ ] c) Investment abroad [ ] d) Debt servicing [ ]

3. Other purposes (specify) ___________________________

Foreign Exchange dealers must deliver weekly batches of the completed forms every monday by 12:00 hours to Research department, Bank of Zambia, Lusaka.

Name and Stamp of Commercial Bank/ Bureau De Change

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FX SALES

BANK OF ZAMBIA

REPORT ON THE SOURCE OF FOREIGN EXCHANGE SALE

This information is intended to provide the Central Bank with Data for statistical purposes only and must be filled in by every person who sales foreign exchange in Zambia. The form may also be completed by Authorized Dealers on behalf of their customers. Its complements are a requirement under the Bank of Zambia Act.

Date of sale........../........../........
Amount sold...........................................
Exchange rate...................................................
Kwacha Equivalent...........................................

The foreign exchange sold was acquired from (Please tick appropriate box):

1. Export of Goods
   I ZCCM [ ]
   II Other Exports of Goods [ ]

2. Exports of Services
   I International Organizations [ ] II Diplomatic Missions [ ] III Other Exports of Services [ ]

3. Capital
   I Borrowing from offshore markets [ ] II Remittance from abroad [ ] III Investment Income [ ]

4. Other Sources (Specify) ___________________________

Foreign Exchange dealers must deliver weekly batches of the completed forms every monday by 12:00 hours to Research Department, Bank of Zambia, Lusaka.

Name and Stamp of Commercial Bank/ Bureau De Change