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Bank of Zambia: Difference between revisions
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{{Infobox central bank | |||
| bank_name = Bank of Zambia | |||
| bank_name_in_local = | |||
| image_1 =BANK OF ZAMBIA LOGO.jpg | |||
| image_title_1 = ''Logo of BoZ'' | |||
| headquarters = [[Lusaka]] | |||
| established = 1938 | |||
| president = Dr. Denny Kalyalya<ref>{{cite web| url=http://www.bloomberg.com/news/articles/2015-02-13/zambian-president-names-denny-kalyalya-as-central-bank-governor-i63nj3ws|date=13 February 2015|accessdate=8 July 2015|publisher=[[Bloomberg News|Bloomberg]]|title=Zambia Central Bank Chief Replaced as President Vows Lower Rates}}</ref> | |||
| leader_title = [[Governor#Other meanings of the word|Governor]] | |||
| bank_of = [[Zambia]] | |||
| currency = [[Zambian kwacha]] | |||
| currency_iso = | |||
| reserves = | |||
| website = http://www.boz.zm/ | |||
| preceded = | |||
| succeeded = | |||
| footnotes = | |||
}} | |||
The '''Bank of Zambia''' (BoZ), is the [[central bank]] of [[Zambia]]. | |||
==Overview== | |||
According to its website, the principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country. The Bank is active in promoting [[financial inclusion]] policy and is a leading member of the [http://www.afi-global.org Alliance for Financial Inclusion]. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the [[the Maya Declaration|Maya Declaration]], during the [[AFI Global Policy Forum|Global Policy Forum]], held in [[Riviera Maya]], [[Mexico]] in 2011.<ref>{{cite web|title=Maya Declaration Urges Financial Inclusion for World's Unbanked Populations|url=http://www.prnewswire.com/news-releases/maya-declaration-urges-financial-inclusion-for-worlds-unbanked-populations-130887928.html |date=30 September 2011|accessdate=20 April 2014|publisher=PR Newswire|first=for Financial Inclusion|last=Alliance}}</ref> | |||
==History== | |||
The Bank of Zambia has origins in the 1938 formation of the [[Southern Rhodesia Currency Board]], which was based in [[Harare]], in present-day [[Zimbabwe]]. The Board's jurisdiction included [[Northern Rhodesia]], now called [[Zambia]] and [[Nyasaland]], known as [[Malawi]] today. | |||
In 1954 the Southern Rhodesia Currency Board was renamed the [[Currency Board of Rhodesia and Nyasaland]], and as the winds of change were strong in [[Africa]] at the time, the currency board was transformed into the [[Bank of Rhodesia and Nyasaland]] in 1956. | |||
In 1964 the '''Bank of Zambia''' was created from the [[Bank of Northern Rhodesia]], which itself had only formed a year earlier in 1963 from the [[Lusaka]] branch of the Rhodesia and Nyasaland bank. | |||
After its creation, and after the passage of the [[Bank of Zambia Act]] in 1965, the bank grew and was successful down through the decades. According to its website, the bank acquired an equity stake in the [[Development Bank of Zambia]] and the [[Zambia National Commercial Bank]] and was even considering diversifying into the agricultural sector. | |||
In 1991, the [[Movement for Multiparty Democracy]] (MMD) came to power in Zambia, replacing the [[United National Independence Party]] (UNIP) which had ruled for 27 years. The new government's fiscal priorities included liberalization and privatization, which included the Zambian copper industry and Zambian [[ZCCM Investments Holdings|Consolidated Copper Mines]] (ZCCM), the big company that controlled copper production in Zambia. | |||
==See also== | |||
*[[List of central banks and currencies of Africa]] | |||
*[[Economy of Zambia]] | |||
*[[Zambian kwacha]] | |||
*[[Tukiya Kankasa-Mabula]] | |||
== References == | |||
<references /> | |||
==External links== | |||
*[http://www.boz.zm/ '''Official site:''' Bank of Zambia] | |||
{{Central banks}} | |||
{{Economy of Zambia}} | |||
[[Category:Central banks|Zambia]] | |||
[[Category:Banks of Zambia]] | |||
[[Category:Economy of Zambia]] | |||
[[Category:Banks established in 1964]] | |||
[[Category:1964 establishments in Zambia]] | |||
