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The Securities and Exchange Commission (SEC) is the official financial regulator in Zambian. It was established back in 2016 and is responsible for the supervision and the development of the Zambian capital markets, as well as for the licensing, registration and authorization of financial intermediaries, issuers of debt and equity instruments and collective investment schemes.
And although SEC regulates strictly all financial intermediaries conducting securities business such as dealing in securities, derivative products or providing investment advisory services, the Commission does not regulate retail forex brokers per se, which means that if you are in Zambia and want to open a trading account, your best option is to find a broker regulated by a well known financial institution such as the the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority in the UK or the the Cyprus Securities and Exchange Commission (CySEC), which can guarantee the safety of your funds.
Along credit and debit cards like VISA and MasterCard, in Zambia you can also use mobile payment providers like Airtel, mPesa, MTN, Pesa, Tigo and Voda.
The monetary policy and the price stability in the country is managed by the Bank of Zambia. The national currency is the Zambian Kwacha.