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1. Currency Rebasing - Background 1.1 The Bank of Zambia Act No. 43 of 1996 section 4 (2) ( c) empowers the Bank to issue notes and coins to be legal tender in the Republic and regulate all matters relating to the Republic currency. Accordingly, on 23rd January 2012, the Government of the Republic of Zambia approved the recommendation of the Bank of Zambia Board to rebase the national currency. Consequently, the BOZ has set 1st January 2013 as the changeover date when the rebased currency will become legal tender. 1.2 The currency rebasing exercise covers the replacement of all Zambian bank notes and their coins in circulation with the rebased currency. In order to ensure preparedness, the Bank and all stakeholders have identified areas th |
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VISION To be a pension scheme that adds highest value to a member's funds and to the economy. MISSION STATEMENT To prudently administer and be custodian of a viable social security scheme that guarantees social protection to our members and realise the highest aspirations of our social partners through a motivated workforce. CORPORATE VALUES
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| | RESPONSIBILITY | We are committed to be responsible custodians of the funds entrusted with us. | | PROFESSIONALISM | We shall be guided by the highest professional standards in the conduct of our business based on good corporate governance. | SOUND WORKING ENVIRONMENT | We are committed to fostering a good working environment in which all employees can develop their full potential. | | CUSTOMER SERVICE | We are committed to the provision of quality service based on integrity and courtesy. |
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Explains what Law NAPSA follows to do what it does according the Constitution of the Laws of Zambia. The NAPSA Act can be downloaded here. |
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