88
No. 2 of 2016]
Constitution of Zambia (Amendment)
(b) the expenditure of the Republic during that financial year;
(c) gifts, donations and aid-in-kind received on behalf of the
Republic in that financial year, their value and how they
were disposed of;
(d) debt repayments;
(e) payments made in that financial year for purposes other
than expenditure;
(f) the financial position of the Republic at the end of that
financial year; and
(g) other information as prescribed.
AuditorGeneral’s
report
212. The Auditor-General shall, not later than nine months
after the end of a financial year, submit an audit report to the
President and the National Assembly, on the accounts of the
Republic audited in respect of the preceding financial year.
PART XVII
CENTRAL BANK
Bank of
Zambia
213. (1) There is established the Bank of Zambia which shall
be the central bank of the Republic.
(2) The functions of the Bank of Zambia are to—
(a) issue the currency of the Republic;
(b) determine monetary policy; and
(c) regulate banking and financial services, banks, financial
and non-banking institutions, as prescribed.
(3) There is constituted a Board of Directors for the Bank of
Zambia whose composition shall be prescribed.
(4) The functions of the Bank of Zambia vest in the Board of
Directors and shall be performed as prescribed.
(5) The Bank of Zambia shall not be subject to the direction or
control of a person or an authority in the performance of its
functions.
Governor of
Bank of
Zambia
214. (1) There shall be a Governor of the Bank of Zambia
who shall be appointed by the President, subject to ratification by
the National Assembly, and who shall be—
(a) a citizen;