Values & Functions
The core functions and regulatory responsibilities that define the Bank of Zambia's role in the economy.
Our Core Values
These values guide our conduct and decision-making as we work to fulfill our mandate.
Integrity
We uphold the highest standards of honesty and ethical conduct in all our operations.
Professionalism
We are committed to excellence and continuous improvement in service delivery.
Innovation
We embrace new ideas and technologies to enhance our effectiveness.
Accountability
We take responsibility for our actions and decisions, ensuring transparency.
Teamwork
We collaborate effectively across departments to achieve our shared objectives.
Excellence
We strive for the highest quality in all our work and continuously seek to improve.
Core Functions & Objectives
These primary functions form the foundation of the Bank's operations and guide our daily activities.
Price Stability
Maintaining low and stable inflation to preserve the purchasing power of the Kwacha and provide a stable environment for economic planning.
Financial Stability
Ensuring a sound, safe, and efficient financial system that can withstand economic shocks and continue serving the economy.
Currency Management
Managing the supply of currency, ensuring adequate availability of quality banknotes and coins, and combating counterfeiting.
Payment System Oversight
Promoting and overseeing safe, efficient, and accessible payment systems for both wholesale and retail transactions.
Economic Research & Statistics
Conducting research and compiling statistics to inform monetary policy decisions and provide economic intelligence.
International Reserves Management
Managing the country's foreign exchange reserves to support the exchange rate and meet international payment obligations.
Banker to Government
The Bank of Zambia serves as the fiscal agent and banker to the Government of Zambia. In this capacity, the Bank manages the government's accounts, facilitates government payments, and assists in the management of public debt.
Government Banking
Managing government accounts and transactions
Debt Management
Issuing and managing government securities
Policy Advisory
Advising government on economic matters