Regulatory Alerts2021-01-01
Bank of Zambia Circular No. 17 of 2021 on Government Accounts and Account Balances
The Bank of Zambia mandates all commercial banks to submit government account and balance data by close of business on December 1, 2021. Submissions must detail the number of government accounts across ministries, provinces, and spending agencies with aggregate balances as of November 26, 2021. Furthermore, banks must report monthly average government balances from January 2013 to December 2018 and average end-of-week government deposit balances from January 2014 onward.
# BANK of ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/b sd/bp
November 29, 2021
To : All Heads of Commercial Banks
CB Circular No. : 17/2021
## GOVERNMENT ACCOUNTS AND ACCOUNT BALANCES
Kindly be advised that you are required to submit to the Bank of Zambia the following information:
1. Number of Government bank accounts split by account category (e.g., revenue collection accounts, mirror accounts, donor accounts) and by ministries, provinces and spending agencies, including the aggregate balances on these accounts as of November 26, 2021.
2. Monthly averages of Government balances at your respective commercial banks from January 2013 to December 2018.
3. Average end-of-week balances of Government deposits from January 2014 to date.
This information should be submitted by close of business on Wednesday, December 1, 2021 and should be emailed to the following email address: `cnkabalika@boz.zm` with copies to your Desk Officer on or before the deadline indicated above.
Should you require any further clarification, please do not hesitate to contact the office of the Director – Bank Supervision.
Francis Chipimo (PhD)
DEPUTY GOVERNOR – OPERATIONS
cc Director – Bank Supervision
Director – Banking and Currency
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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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