Monday, 9 November 2026Lusaka, Zambia
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Reserves & FX Market

Government Debt Service from Reserves

Foreign debt payments the government made out of the reserves in the month, US dollar millions.

$1,496.7mJun 2026+2449.4%on the month+601.9%on the year
12-month average155.3
Record high1,496.7Jun 2026
Record low0.0Aug 2022
Observations162since Jan 2013

Government Debt Service from Reserves, Jan 2013 to Jun 2026

05001,0001,5002,00020132015201720192021202320251,496.7

Show the numbers
MonthGovernment Debt Service from Reserves (USD m)
Jun 20261,496.7
May 202658.7
Apr 202610.4
Mar 202640.1
Feb 20269.3
Jan 202614.9
Dec 202590.0
Nov 202564.8
Oct 202521.2
Sep 202516.8
Aug 20258.3
Jul 202532.0
Jun 2025213.2
May 202574.7
Apr 20257.6
Mar 202513.7
Feb 202518.5
Jan 202511.1
Dec 2024135.3
Nov 202448.8
Oct 20245.3
Sep 202413.7
Aug 202418.3
Jul 202418.0
Jun 2024348.2
May 202440.2
Apr 20242.8
Mar 202412.8
Feb 202411.0
Jan 20248.2
Dec 202312.2
Nov 202337.3
Oct 202324.1
Sep 202311.8
Aug 202323.4
Jul 20237.6
Jun 202323.7
May 202339.3
Apr 20237.2
Mar 202311.0
Feb 20235.0
Jan 20232.5
Dec 20226.7
Nov 202226.6
Oct 202216.5
Sep 20227.8
Aug 20220.0
Jul 20227.3
Jun 20225.3
May 202221.6
Apr 202220.6
Mar 202219.7
Feb 202211.8
Jan 20223.5
Dec 20213.9
Nov 202124.4
Oct 202112.3
Sep 202123.0
Aug 20217.2
Jul 202145.0
Jun 202144.6
May 202110.1
Apr 20219.4
Mar 202129.1
Feb 202114.0
Jan 20211.0
Dec 202013.8
Nov 202015.2
Oct 202022.3
Sep 202037.9
Aug 202035.4
Jul 2020121.9
Jun 202052.8
May 202027.6
Apr 2020101.8
Mar 202028.9
Feb 202029.6
Jan 2020204.5
Dec 201923.9
Nov 201933.9
Oct 2019113.4
Sep 201963.5
Aug 201990.4
Jul 2019187.0
Jun 201995.3
May 201959.1
Apr 2019144.0
Mar 2019171.4
Feb 201949.5
Jan 2019164.8
Dec 201876.7
Nov 201827.6
Oct 201890.2
Sep 2018114.6
Aug 201885.7
Jul 2018151.1
Jun 201841.3
May 201836.3
Apr 2018153.3
Mar 2018117.6
Feb 201818.8
Jan 2018160.7
Dec 201746.1
Nov 201746.2
Oct 201796.1
Sep 201766.5
Aug 201720.4
Jul 2017125.6
Jun 201725.1
May 201736.3
Apr 201765.9
Mar 201765.1
Feb 201733.8
Jan 201779.8
Dec 201628.3
Nov 201628.9
Oct 201681.0
Sep 201633.0
Aug 201675.7
Jul 201641.3
Jun 201636.2
May 201693.8
Apr 201667.5
Mar 201653.6
Feb 2016102.1
Jan 20168.7
Dec 201525.8
Nov 201528.2
Oct 201557.5
Sep 201566.1
Aug 20157.7
Jul 201537.2
Jun 20159.2
May 20156.5
Apr 2015116.1
Mar 201547.6
Feb 201582.0
Jan 201526.5
Dec 20144.6
Nov 201421.1
Oct 201471.4
Sep 201443.3
Aug 20142.1
Jul 201474.6
Jun 20144.5
May 20146.7
Apr 201417.8
Mar 201435.5
Feb 201412.0
Jan 20145.8
Dec 201325.3
Nov 20133.4
Oct 201317.8
Sep 201366.4
Aug 201310.6
Jul 20139.7
Jun 20134.2
May 20136.4
Apr 201323.8
Mar 201332.5
Feb 20131.7
Jan 20136.4

Source: Bank of Zambia. Monthly. Gaps in the line are months with no published figure.

Change on a year earlier

Each bar is this month against the same month twelve months before — the comparison that strips out the seasonal pattern.

-100k0100k200k300k400k2014201620182020202220242026

IncreaseDecrease

Related analysis

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Nothing published on this indicator yet. KSJ analysis appears here as it is written.

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Gross International Reserves$5,802m−10.6%m/m+23.4%y/yJun 2026BoZ Forex Inflows from Mines$0.0m—m/m—y/yJun 2026BoZ Forex Inflows from Mining Taxes$241.1m+144.1%m/m+113.1%y/yJun 2026BoZ Net Forex Sales$34.5m+$19.5mm/m+$23.5my/yJun 2026Bureau De Change Rate (USD)K21.60+14.9%m/m−8.1%y/ySep 2026Interbank Rate (USD)K19.42+2.8%m/m−18.4%y/ySep 2026Real Effective Exchange Rate76.5+1.6%m/m−22.9%y/yJul 2026Exports$1,606.4m−8.1%m/m+33.9%y/ySep 2026Imports$1,792.8m+5.4%m/m+51.6%y/ySep 2026Trade Balance−$186.4m−$234.4mm/m−$203.1my/ySep 2026

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