BANK of Zambia (BOZ) Governor Dr Denny Kalyalya has disclosed that the bank has reduced the statutory reserve ratio on Kwacha deposits from 26 percent to 21 percent. Dr Kalyalya also warned citizens not to fall into the trap of exchanging money ‘in the dark’. Speaking during a media tour at the Agriculture and Commercial Show, Friday, Dr Kalyalya said BoZ had maintained the statutory reserve ratio on foreign deposits at 26 percent. “So, effective Monday, we will be lowering the Statutory Reserve Ratio in two ways. One, the domestic currency, which is the domestic deposits, will be reduced by five percentage points. Currently at 26 per cent. Effective Monday, it will go down to 21 per cent. From 26...