Regulatory Alerts2025-12-26
Bank of Zambia Currency Directives 2025
The Bank of Zambia has issued the Currency Directives, effective December 26, 2025, mandating that all domestic transactions be settled in Zambian Kwacha and Ngwee. The Directives clarify that the mandate applies exclusively to domestic transactions, provide targeted exemptions, and streamline compliance for businesses and individuals while explicitly excluding international payments. Enacted under the Bank of Zambia Act, 2022 following extensive stakeholder consultations, the finalized rules are publicly accessible on the Bank’s website and social media platforms.
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