Regulatory Alerts2006-01-01
Submission of Monthly Foreign Exchange Purchases and Sales Returns for Balance of Payments
The Bank of Zambia mandates all commercial banks to submit monthly foreign exchange purchase and sales returns (Forms FX-PUR 2a and FX-SALES 2b) to its Economics Department for Balance of Payments reporting. These standardized forms categorize transactions by goods, services, and capital flows, and must be filed by the third Monday of each subsequent month. The directive addresses recent non-compliance with prior instructions, ensuring consistent and accurate tracking of cross-border financial activities.
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