Description:

The Bank of Zambia (the Bank/ BoZ) is the Central Bank of the Republic of Zambia. It is established by the Constitution of Zambia (Amendment) Act No. 2 of 2016 as read with the Bank of Zambia Act, No. 5 of 2022. These statutes provide the Bank’s legal framework and functions. This Website is the main channel of communication used by the Bank. It supports the Bank’s commitment to meeting the information needs of its different stakeholders in a timely and consistent manner, as well as ensuring transparency in the communication of its policies, functions, and operations.

The mission of the Bank is drawn from Article 213 of the Constitution (Amendment) Act No. 2 of 2016 and Section 5 of the Bank of Zambia Act, 2022, and is anchored on the key responsibilities of price and financial system stability. The Bank will take into account sustainability considerations in its activities. Sustainable economic development is the process of development which does not come at the expense of both the current and future potential for meeting human needs. Inclusive economic development means undertaking measures that do not exclude or leave out any member of our society.

Our Vision

“To be a dynamic and credible central bank that contributes to the sustainable economic development of Zambia.”

The overall goal of the Bank is to formulate and implement monetary and supervisory policies in a dynamic and credible manner to contribute to the sustainable economic development of Zambia. Being dynamic means the Bank will be vibrant and responsive to changes in the operating environment. The Bank will also endeavour to be credible, meaning that it will engender confidence and trust amongst its stakeholders in discharging its mandate. In pursuit of sustainable economic development, the Bank will employ strategies aimed at meeting the needs of the present without compromising the needs of future generations.