Banking and Currency
The Bank of Zambia aims to provide excellent banking services to its clients. It fulfils the following functions through the Banking Division;
(i) Banker to the Government
(ii) Banker to Commercial Banks
(iii) Settlement agent
Bank of Zambia has the sole right to issue bank notes and coins in the country. Its key role is to gain and maintain public confidence in the currency. Subsequently, Currency division is responsible for the designing and ordering of banknotes and coins to meet the country' s demand.
The Bank has an objective to ensure that there is only clean money in circulation. Further, it is the responsibility of the Currency Division to ensure that there is always an adequate stock of banknotes and coins available in all denominations and that there is a good distribution system to reach the various sectors of the economy. This is achieved by making sure that all regions are supplied with clean banknotes and coins. The Bank has several cash centres around the country for timely and efficient currency distribution and collection of unfit banknotes.