Consultation · BOZ · 3 Nov 2023
The Bank of Zambia has issued Circular No. 29/2023 to establish subsidiary legislation governing the Export Proceeds Tracking Framework Directives. These directives require commercial banks to systematically monitor and report export proceeds in compliance with the Bank of Zambia Act of 2022. Heads of commercial banks must submit their comments on the draft framework via email by November 10, 2023.
[Logo: Bank of Zambia]
BANK OF ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/ecd/bp
November 3, 2023
CB Circular No. : 29/2023
To : All Heads of Commercial Banks
BOZ DIRECTIVES – EXPORT PROCEEDS TRACKING FRAMEWORK
Reference is made to the above subject.
Further to CB Circular No. 28/2023 dated October 17, 2023, the Bank has drafted the attached subsidiary legislation to govern the Export Proceeds Tracking Framework in the form of Directives. This is in line with the Bank of Zambia Act, 2022.
We will, therefore, appreciate it if you could provide comments via e-mail to Mrs. Angela N Chileshe, Assistant Director – Balance of Payments Monitoring, at anachivu@boz.zm and Ms. Mwika Mwenechanya, Senior Economist at mmwenechanya@boz.zm, by Friday, November 10, 2023.
[Signature]
Francis Chipimo (PhD)
DEPUTY GOVERNOR – OPERATIONS
cc Governor
*
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm, Web: http://www.boz.zm
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The documents this one cites, and the documents that cite it.
“This is in line with the Bank of Zambia Act, 2022.”
“Further to CB Circular No. 28/2023 dated October 17, 2023, the Bank has drafted the attached subsidiary legislation to govern the Export Proceeds Tracking Framework in the form of Directives.”
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