Sunday, July 3, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home in Southern Africa

Zambia’s central bank to raise cap on foreign exchange transactions

by SAT Reporter
May 28, 2021
in in Southern Africa, Just In, Zambia
0
Zambia’s central bank to raise cap on foreign exchange transactions
0
VIEWS

(The Southern African Times) – Zambia’s central bank will increase the daily limit for foreign currency exchange transactions, it announced on Thursday, as part of an effort to draw transactions into official channels and reduce complication for businesses.

Commercial bank customers will be allowed to exchange $10,000 per day, increased from $5,000. Customers at retail foreign exchange bureaus will be permitted to exchange up to $5,000, raised from $1,000, Central Bank Governor Christopher Mvunga said.

“This will allow for a regulated, systematic market where people can transact within the formal channels,” Mvunga said of the measures, which will take effect on June 1.

The limits were introduced 20 years ago, and the central bank had recognised that they were inconveniencing businesses and forcing people to buy hard currency on the black market.

Previous Post

Uganda’s tourism recovering after 1 bln USD loss in 2020

Next Post

Germany recognises colonial ‘genocide’ in Namibia, commits €1bn in reparations

SAT Reporter

Related Posts

15 African countries with the highest defense budgets in 2022
Just In

15 African countries with the highest defense budgets in 2022

by SAT Reporter
July 2, 2022
Key to Unlocking Major Investment in Africa – Better Data

Key to Unlocking Major Investment in Africa – Better Data

by SAT Reporter
July 2, 2022
Key takeaways from CBN’s new cybersecurity guidelines for Other Financial Institutions (OFIs) in Nigeria

Key takeaways from CBN’s new cybersecurity guidelines for Other Financial Institutions (OFIs) in Nigeria

by SAT Reporter
July 1, 2022
Kenya surpasses South Africa as continent’s top avocado exporter

Kenya surpasses South Africa as continent’s top avocado exporter

by SAT Reporter
July 1, 2022
Industrialise to be competitive – AfCFTA Sec. Gen. tells Africa
African Continental Free Trade Area

Industrialise to be competitive – AfCFTA Sec. Gen. tells Africa

by SAT Reporter
June 29, 2022
Next Post
Germany recognises colonial ‘genocide’ in Namibia, commits €1bn in reparations

Germany recognises colonial ‘genocide’ in Namibia, commits €1bn in reparations

Premium Content

‘Game over’: Westerners rush to leave Kabul, rescue Afghans

‘Game over’: Westerners rush to leave Kabul, rescue Afghans

August 16, 2021
EU Watchdog Clears Vodafone, Safaricom Venture for Ethiopia Entry

EU Watchdog Clears Vodafone, Safaricom Venture for Ethiopia Entry

September 8, 2021
Moody’s gives Botswana sparkling scorecard

Moody’s gives Botswana sparkling scorecard

March 18, 2020

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

African business news Africa New Africa News african footballer African investments african markets African news African start-up banking Business China Classic Content currency Egypt Explore Bali Finance football Life Style mali news Markets Market Stories Namibia news Nigeria Oilandgas Opinion Pandemic Politics Premium reserve bank of Zambia Russia South Africa Southern African News sports Stay Home Travel United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn Zimbabwe job creation

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?