Central Banking

Zambia raises capital ratio for banks and rebases currency


The Bank of Zambia has released a statement from Alexander Chikwanda, minister of finance and national planning, in which two significant reforms are announced.

The Zambian cabinet has approved plans to raise the capital requirement of commercial banks and to rebase the Zambian currency, the kwacha. The minister said the moves were "consequent to the recommendations of the Bank of Zambia board".

Chikwanda noted that these were both important issues that had a "bearing on the development of our

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: