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The Bank of Zambia (BoZ) has recorded export proceeds amounting to US$11.2 billion through its Electronic Balance of Payment (e-BoP) monitoring system as of December 2024.
BoZ Governor, Denny Kalyalya, shared the update during a town hall meeting at the Mulungushi International Conference Centre in Lusaka.
The Export Proceeds Tracking Framework, launched on January 1, 2024, aims to enhance the collection and analysis of external sector statistics.
Of the total export earnings, Governor Kalyalya noted that US$7.7 billion was processed through local commercial banks.
He highlighted plans to expand the framework in 2025, adding modules for tracking imports and services to provide a more comprehensive view of external sector data.
“These additions will enable better-informed policymaking by delivering more detailed external sector statistics,” Kalyalya said.
Additionally, the Governor revealed that the bank was working to operationalize the deposit protection insurance scheme.
The scheme would protect deposits up to a specified amount in case of bank failures, further strengthening financial sector stability.
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