WELCOME TO THE BANK OF ZAMBIA

 The Bank of Zambia (BoZ) is the Central Bank of the Republic of Zambia and derives its functions and powers from the Bank of Zambia Act, no,43 of 1996 and the Banking and Financial Services Act, Chapter 387 of the Laws of Zambia. The Mission Statement of the Bank is to achieve and maintain price and financial system stability to foster sustainable economic development. 

Vision

"To be a Dynamic and Credible Central Bank that contributes to the Economic Development of Zambia."

The Bank strives to be vibrant and responsive to the changes in the operating environment, as well as, engendering confidence and trust among its stakeholders in discharging its mandate. The Bank seeks to play a key role in the economic development of Zambia by pursuing appropriate monetary and financial stability policies that will enable the country to become a Prosperous Middle Income Country by 2030.

Mission

"To Achieve and Maintain Price and Financial System Stability to foster Sustainable Economic Development"

The Mission is drawn from the Bank's mandate which is established by article 213 of the Constitution (Amendment) Act No. 2 of 2016 and the Bank of Zambia Act, Chapter 360 of the Laws of Zambia, and is anchored on the responsibilities of price and financial system stability. 

Why Price Stability? 

Price stability contributes to achieving high levels of economic activity and employment through increased investor and consumer confidence in the economy. 

Why Financial System Stability?

Financial system stability facilitates the smooth transformation of savings into investments, efficient settlement of payments and ensures that risks are managed in a satisfactory and proactive manner.

VALUES 

The Bank's Value system is underpinned by the slogan "The BOZ Way means ACTIONE".

The word "ACTIONE" stands for:

Accountability -We will take responsibility for the decisions and actions that we take.

Commitment to Excellence -We will always identify, agree and meet the requirements of both internal and external stakeholders and honour the commitments we make efficiently and to the highest quality standards.

Timeliness - We will always be on time in attending to Bank business.

Integrity - We will be honest, transparent, professional and be sincere in all our dealings.

Objectives - We will set ourselves challenging, specific, measurable, achievable, realistic and timebound (SMART) objectives and will work diligently towards achieving them.

New Ideas - We will be innovative and open to new ideas and develop for ourselves and our colleagues the skills to meet current and future challenges.

Equity - We will be fair and impartial in all our dealings.

Values for Bank of Zambia as an institutions in relation to its stakeholders, namely:

Efficiency  - The Bank of Zambia will strive to accomplish its work with minimal resources and in a timeframe appropriate for the tasks at hand.

Transparency - The Bank of Zambia will frequently communicate with governmental authorities, the National Assembly and the public concerning its policies, operations, and financial condition that will enable its stakeholders to assess the Bank's performance in relation to its objectives.

Accountability - The Bank of Zambia will be accountable for its policies and operations in relation to its mission.

FUNCTIONS

1. To ensure appropriate monetary policy formulation and implementation;

2. To  provide banking services to Government , commercial banks and to act as Settlement Agent;

3. To license, regulate and supervise banks and financial service institutions;

4. To ensure a safe and sound financial system and;

5. To manage the banking, currency and payment systems operations of the Bank of Zambia.