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Zambian Bank Holiday December 31

Source: The Bank Of Zambia (Lusaka)
Posted: Thursday, December 20, 2012
Updated: Friday, December 19, 2014


The Bank of Zambia (Zambia's Central Bank) has confirmed that Monday, December 31, 2012, had been declared a one-off bank holiday to allow for a smooth transition to the new Kwacha (Zambia's national currency).

The aforementioned declaration of Monday, December 31, 2012, as a bank holiday was made by the Statutory Instrument No. 74 of 2012, within the scope of the Banking and Financial Services Act.

Last month (2012-11-14), the Bank of Zambia had requested that the government of Zambia declare Monday, December 31, 2012, as a one-off bank holiday to allow for a smooth transition to the new Kwacha (Zambia's national currency). But, at that time, the Head of Public Relations for the Bank of Zambia (Zambia's Central Bank), Kanguya Mayondi, had specified that the declaration of Monday, December 31, 2012, as a one-off bank holiday was contingent on the Zambian Ministry of Finance creating the necessary statutory instrument.



Links and References


Below are links to the news stories referred to in the above "Zambian Bank Holiday December 31" news story, as well as links to subsequents news stories which refer to the present news story.