THE Bank of Zambia has announced that cheques will no longer be accepted as a payment instrument from June 24, 2026. In a statement, Friday, the Central Bank’s communications department stated that the decision followed countrywide stakeholder consultations held between July and November 2024. The bank explained that the decision to phase out cheques was informed by several factors, such as the sustained decline in cheque usage, emergence of electronic payment methods, climate change, among others. “The Bank of Zambia wishes to inform members of the public and the business community that cheques will no longer be accepted as a payment instrument in Zambia from June 24, 2026. This decision follows countrywide stakeholder consultations held between July and November 2024,...