Mandate & Functions
Understanding the legal mandate, core functions, and strategic direction of the Bank of Zambia.
Our Legal Mandate
The Bank of Zambia derives its mandate from the Bank of Zambia Act No. 5 of 2022 and the Banking and Financial Services Act. These laws establish the Bank as the central bank of Zambia with responsibility for monetary policy, financial stability, and the regulation of the financial sector.
As an independent institution, the Bank operates with autonomy in pursuing its price and financial stability objectives while remaining accountable to the people of Zambia through the National Assembly.
The Bank's primary objectives are to achieve and maintain price stability and to promote financial system stability, thereby contributing to the sustainable economic development of Zambia.
The Bank operates with operational independence in pursuing its objectives while remaining accountable to the people of Zambia through the National Assembly.
The Banking and Financial Services Act grants the Bank supervisory and regulatory powers over banks, financial institutions, and payment systems.
The Bank is mandated to formulate and implement monetary policy, manage foreign exchange reserves, and ensure the stability of the financial system.
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Vision & Mission
Discover our aspirations to be a world-class central bank and our commitment to achieving price and financial stability for sustainable economic development in Zambia.
Values & Functions
Learn about the core values that guide our conduct and the key functions we perform to fulfill our mandate, from monetary policy to financial regulation.
Strategic Plan
Explore our strategic priorities for 2024-2027, outlining how we plan to enhance monetary policy, modernize regulation, and promote financial inclusion.