Balance of Payment Monitoring

Revised

The Bank of Zambia issued a revised set of regulations covering import, export, and foreign loans or remittances (dividends or investments) known as Statutory Instrument 55 replacing SI32, the earlier version of the regulations.

SI55 comes into effect on 1st July 2013.

Read the entire regulation here.

The regulations are retrospective for foreign loans serviced by anyone or any business resident in the republic. All loans have to evidenced based and recorded at a local bank for servicing to occur. Refer to your bank as soon as possible.

Here is the contents page: