ANNOUNCEMENT 18 May 2012

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



SI No. 33
http://www.zambialii.org/files/zm/legislation/statutory-instrument/2012/33/S.%20I.%20No.%2033%20for%202012.pdf

Notice of revokation
http://www.lexology.com/library/detail.aspx?g=05de036d-c8a4-468c-ab04-be270b9511be

Inception date: 18 May 2012 | Removal date: 18 Mar 2014

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 tender.
 
The above instrument was revoked on 21 March 2014.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A