Regulatory Alerts1994-03-15
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Bank of Zambia Circular 4/1994: Statistics on Foreign Exchange Transactions
The Bank of Zambia mandates all commercial banks and bureaux de change to collect and submit statistical data on foreign exchange transactions following the January 1994 suspension of the Exchange Control Act. Dealers must utilize the prescribed FXSALES and FXPURCHASES forms to record the purpose, amount, and kwacha equivalent of each transaction conducted by purchasers and sellers. Completed forms must be compiled into weekly batches and delivered to the Bank's Research Department every Monday by 12:00 hours to support ongoing economic monitoring.
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