Roundup: Zambia's central bank to take cautious approach on de-dollarization

LUSAKA, July 24 (Xinhua) -- Zambia's central bank said on Wednesday that it will take a cautious approach on banning the use of the U.S. dollar in local transactions to avoid distortion in the economy.

Denny Kalyalya, governor of Bank of Zambia (BoZ), said the central bank was currently getting submissions from various stakeholders before making a final decision.

He said the central bank was collecting vi