Regulatory Alerts2001-11-26
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.
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