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Global Trade Alert

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Zambia: Quoting or transacting of domestic transactions in foreign currency prohibited

Description

On 18 May 2012, Zambia through Statutory Instrument No. 33 of 2012 prohibited quoting, paying, demanding to be paid or receiving foreign currency for any domestic transactions as a legal tender. Th...

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Intervention Details

Intervention Type

Control on personal transactions

MAST Chapter

Capital control measures

Implementation date

18 May 2012

Revocation date

18 Mar 2014

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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