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Bank of Zambia


Bank of Zambia Logo

The Bank of Zambia is the central bank of Zambia. The Bank of Zambia Act of 1965, and its subsequent amendments charge the institution with the usual central bank responsibilities such as being banker to government, issuer of currency, manager of foreign exchange reserves, controller of commercial banks' liquidity and with responsibilities for the formulation and implementation of monetary policy. The bank's head offices are located in Lusaka.


The government's focus on price stability as a key contribution to future economic growth prospects has paused a new but welcome challenge for the Bank. Hence, for example, although it reluctantly got involved in things like providing credit to Parasitical organizations, it has begun to re-orient its activities towards meeting the core objective of maintaining price stability and ensuring a sound financial system.

Mission of the Bank of Zambia is to achieve price and financial stability to contribute towards national economic growth and development.

In pursuit of this, the Bank shall perform the functions as stated:

 • to ensure appropriate monetary policy formulation and implementation;
 • to act as the fiscal agent of the Government;
 • to license, regulate and supervise banks and financial service institutions registered under the Act to ensure a safe and sound financial system; and
 • to manage the banking, currency and payment systems operations of the Bank of Zambia to ensure the provision of efficient and effective service to commercial banks, Government and other users.

Employees of the Bank of Zambia shall at all times endeavor to direct their efforts towards the achievement of the Mission of the Bank consistently.

Bank of Zambia HQ Location Map

Bank of Zambia
HQ Address: Bank Square
Cairo Road
Lukasa 10101
Tel: +260 228 888
Fax: +260 221 722
Swift Code: BAZAZMLU
Currency: Zambia Kwacha
Banking Hours:
Monday - Friday : 8.15am - 2.30pm


Bank of Zambia must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. Bank of Zambia also responsible in determined the Base Rate in Zambia.

List of banks governed by the Bank of Zambia
» Access Bank Zambia Limited » Ecobank Zambia Limited » International Commercial Bank Zambia Limited
» African Banking Corporation Zambia Limited » Finance Bank Zambia Limited » Investrust Bank Plc
» Bank Of China (Zambia) Limited » First Alliance Bank Zambia Limited » Stanbic Bank Zambia Limited
» Barclays Bank Zambia Plc » First National Bank Zambia Limited » Standard Chartered Bank Plc
» Cavmont Capital Bank Limited » Indo-Zambia Bank Limited » United Bank For Africa Zambia Limited
» Citibank Zambia Limited » Intermarket Banking Corporation Limited » Zambia National Commercial Bank Plc

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