CB Circular No. 11 of 2026 - Foreign Currency Export and Import Measures

Bank Square, Cairo Road, P. O. Box 30080, Lusaka, Zambia, Tel: +260-211-399303, E-mail: dgo@boz.zm, Web: https://www.boz.zm OFFICE OF THE DEPUTY GOVERNOR – OPERATIONS BOZ/EXEC/DG/stat/bp August 5, 2026 CB Circular No. : 11/2026 To : All Heads of Commercial Banks FOREIGN CURRENCY EXPORT AND IMPORT MEASURES Please be advised that, effective immediately, the Bank of Zambia has implemented the following measures concerning the export and import of foreign cash:

1. All exports and imports of foreign cash must be communicated in writing to the Bank of Zambia prior to the export and import taking place. This communication should outline, among other things, the amount, Taxpayer Identification Number (TPIN), denominations, transportation and logistical arrangements, the purpose of the export and import, the intended destination for exports or source country for imports, and all relevant supporting contractual documentation.
2. Please address the letter to the following addressee with the Director – Prudential Supervision, kept in copy: The Director Statistics Department Bank of Zambia Bank Square, Cairo Road PO Box 30080 Lusaka Attention: Assistant Director – Balance of Payments and Debt
3. Mandatory submission of information on all foreign cash exported and imported, along with their respective destinations and source countries, to be provided on the electronic balance of payments (e-BoP) monitoring system.
4. Each export and import declaration should consist of cash information from a single commercial bank. ...2/-

Bank Square, Cairo Road, P. O. Box 30080, Lusaka, Zambia, Tel: +260-211-399303, E-mail: dgo@boz.zm, Web: https://www.boz.zm CB Circular No. 11/2026 -2- August 5, 2026

Maintenance of a comprehensive record of all foreign cash exports and imports is mandatory, as these records may be subject to inspection by the Bank of Zambia, Zambia Revenue Authority (ZRA) or other law enforcement agencies Please note that the Bank of Zambia will notify ZRA in writing of the intended cash exports and imports by the relevant commercial bank. Please find attached the Cash Repatriation Form and the template letter for submitting export and import information. Kindly be advised accordingly. Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS cc Governor Deputy Governor – Administration Chief Operations Officer Director – Financial Markets Director – Statistics Director – Prudential Supervision Director – Banking and Currency Director – Payment Systems Director – Financial Conduct Supervision