Regulatory Alerts1998-07-29
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Bank of Zambia Circular 5/1998: Submission of Prudential Returns
The Bank of Zambia issued Circular 5/1998 requiring all commercial banks and financial institutions to submit a new Schedule 2(a) detailing foreign exchange loans and advances. This schedule supplements the existing Schedule 2 for Kwacha-denominated exposures and must be included in prudential returns effective July 1998. The reported data is strictly for statistical purposes and categorizes lending across various economic sectors, government entities, and financial institutions.
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