Bank of Zambia (BoZ) has published a new regulation through statutory Instrument (SI) 32 aimed at monitoring the balance of payment. This comes barely two months after ZNFU and other private sector associations appeared before the Parliamentary Committee on Finance to discuss the amendments to the Bank of Zambia Act. This new SI gives the details of the procedures and regulations that need to be followed on among other things external private debt, record keeping on loan agreement, limitations of certain foreign currency transactions, monitoring of all the transactions, maintenance of foreign accounts for importers and exporters, the need for investors to deposit their pledges into the created foreign account, etc. The regulations have created cumbersome procedures which may add to the cost of doing business in terms of time it may take to clearly finish the whole process. The copies of the SI32 are available for members upon request.