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PMRC Policy Analysis for Statutory Instrument No.55 of 2013

PMRC Policy Analysis for Statutory Instrument No.55 of 2013

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Published by PMRCZAMBIA
This policy analysis describes forms of financial transactions by Zambia and other countries over a specified period of time
This policy analysis describes forms of financial transactions by Zambia and other countries over a specified period of time

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Categories:Types, Research
Published by: PMRCZAMBIA on Jul 17, 2013
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09/04/2013

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PMRC POLICY ANALYSIS:STATUTORY INSTRUMENTNo. 55 OF 2013
GOVERNMENT TO MONITOR BALANCE OF PAYMENTS
POLICY MONITORING AND RESEARCH CENTRE
Unlocking Zambia's Potential
www.pmrczambia.org | www.scribd.com/pmrczambia | www.facebook.com | www.youtube.com/pmrczambia | www.twitter.com/pmrczambia
 
PMRC’s vision is “Unlocking Zambia’s Potential”. We recognize that it is only discussion and debate on social and economic policy issuescritical to poverty reduction that ultimately leads to policy reform to support a robust and thriving economy. PMRC's mission is UnlockingZambia’s Potential by:
•
Producing high quality, relevant and timely policy analysis, policy monitoring, and reform proposals
•
Promoting and encouraging an informed public debate on critical social and economic policy issues.
PREPARED BY THE POLICY RESEARCH AND ANALYSIS DIVISION
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from PMRC
    P    M    R    C    P    O    L    I    C    Y    A    N    A    L    Y    S    I    S   :    S    T    A    T    U    T    O    R    Y    I    N    S    T    R    U    M    E    N    T    N   o .    5    5    O    F    2    0    1    3
 
On 25th June 2013, government issued Statutory Instrument No. 55 of 2013. The regulation is cited asThe Bank of Zambia (Monitoring of Balance of Payments) Regulations, 2013 and was enacted on 1st July2013. Balance of Payments (BOP) is; a record of all transactions made between one particular country
and all other countries during a specied period of time. It compares the dollar difference of the amount of 
exports and imports, including all remittances. Positive BOP indicates that more money is coming into the
economy than owing out and vice versa. The gure below is a break down of what it consists.
 Figure 1
SI55
 
Unilateraltransf ers,e.g international aidNetForeign Income-netprots and intereston f oreignassetsExport-Imports  Visibletrade (manufuctured good)Invisible service (management fees)
Medium/Long term capital ows
Net change inreservesheld bythecentral bank
Short term money ows
Current AccountForeign ExchangeReserveCapital Account
Balance of Payments

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