Regulatory Alerts2026-08-05
Added
CB Circular No. 11 of 2026 - Foreign Currency Export and Import Measures
Effective immediately, all exports and imports of foreign cash by commercial banks must be communicated in writing to the Bank of Zambia prior to the transaction, detailing amounts, TPINs, denominations, logistics, purpose, and destination. Declarations must be addressed to the Director of the Statistics Department, with the Director of Prudential Supervision copied, and each declaration must cover cash from a single commercial bank. Mandatory electronic submission of this information via the e-BoP monitoring system is required, and comprehensive records must be maintained for potential inspection by the Bank of Zambia, Zambia Revenue Authority, or law enforcement agencies.
Topics
fx
Share