BANK OF ZAMBIA TAKES BOLD STEPS TO COMBAT DOLLARISATION

Clarence Chongo, LUSAKA, WEDNESDAY, 3 JULY 2024 — In a move that signals a significant shift in Zambia's monetary policy, the Bank of Zambia has unveiled draft Currency Regulations for 2024. Presented on June 28, 2024, at the Zambia International Trade Fair, these regulations aim to reinforce the Kwacha as the sole legal tender for domestic transactions, addressing growing concerns about the creeping dollarisation of the Zambian economy.