Zambia considers banning the use of foreign currencies such as the US dollar, with up to 10 years in prison for violators

Odaily News Zambia is moving forward with regulations that would ban the use of foreign currencies, including the U.S. dollar, for local transactions. A draft document released to the public by the Bank of Zambia includes measures aimed at strengthening the use of the country's legal tender, the kwacha. The document proposes penalties of up to ten years in prison for using currencies other than the kwacha, and hefty fines for citizens who violate these regulations. The rules, which are expected to be formalized by the ministers of finance and national planning, could affect the way Zambians and tourists conduct trade in the country. (Bitcoin.com)