Regulatory Alerts2001-06-14
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Bank of Zambia Circular 19/2001: Statutory Reserve Ratio
The Bank of Zambia has increased the minimum statutory reserve ratio for commercial banks by 2.5 percentage points to 12.5 percent, a requirement that also applies to foreign currency deposits. This revised ratio will take effect on June 25, 2001, following a standard ten-day transition period. Future modifications to reserve requirements will be determined by prevailing macroeconomic stability conditions.
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