I may ask how did this Bank come into existence when we have a Reserve
Bank in Zambia?
Who has ever used Chinese currency in Zambia? Why did the former
government allow China to open up Chinese Bank in Kitwe and Lusaka?
How many Zambians have accounts with the said Bank and what is the
intension of leaving our own Commercial Banks and go for the Chinese
The list of suspicion questions on this Bank seems to be long.
By allowing this Bank to operate is to destabilise our in – balance of
kwacha, Chinese bank in Zambia hold Dollar and not Chinese currency.
Dollar is the legal tender for the world and not Yuan. In my opinion
is that the missing dollars which are for economic development for our
Nation are held up by Chinese Banks.
We are struggling to balance up dollar because when China says has
given Zambia dollars, they still hold on to control it leaving the
Kwacha vulnerable. Another thought is that our government should look
into this issue intensively with a lot of wisdom. We need Chinese help
but Dollar must be kept in Zambian Reserves.
Ask if you find a Zambian with dollar account with Bank of China, what
is the source and how much does he early from which company pays them
By a concerned citizen – IKT