Global Trade Alert
Global Trade Alert

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

Announcement

18 May 2012

In May 2012, the government of Zambia announced a change for private foreign currency usage.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

18 May 2012

Revocation date:

18 Mar 2014

Updated: 18 May 2012
Control on personal transactions

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 ten...

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