Monday, 9 November 2026Lusaka, Zambia
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Government Debt

Treasury Bill Sales

Treasury bills sold at auction in the month, kwacha billions.

K5.5bnSep 2026−16.2%on the month−16.2%on the year
12-month average5.3
Record high8.8Jun 2023
Record low0.2Oct 2008
Observations225since Jan 2008

Treasury Bill Sales, Jan 2008 to Sep 2026

024681020082011201420172020202320265.5

Show the numbers
MonthTreasury Bill Sales (ZMW bn)
Sep 20265.5
Aug 20266.5
Jul 20266.1
Jun 20265.7
May 20264.2
Apr 20267.1
Mar 20264.7
Feb 20264.6
Jan 20267.1
Dec 20253.5
Nov 20253.7
Oct 20255.4
Sep 20256.5
Aug 20255.6
Jul 20253.6
Jun 20253.9
May 20255.9
Apr 20253.9
Mar 20255.4
Feb 20254.9
Jan 20256.6
Dec 20243.6
Nov 20246.3
Oct 20243.8
Sep 20244.8
Aug 20243.7
Jul 20242.4
Jun 20243.9
May 20242.6
Apr 20242.0
Mar 20242.0
Feb 20241.4
Jan 20245.0
Dec 20236.2
Nov 20235.0
Oct 20234.8
Sep 20235.7
Aug 20233.9
Jul 20232.9
Jun 20238.8
May 20232.4
Apr 20232.2
Mar 20235.1
Feb 20233.5
Jan 20234.5
Dec 20225.5
Nov 20225.0
Oct 20223.7
Sep 20225.5
Aug 20224.7
Jul 20227.1
Jun 20223.6
May 20223.9
Apr 20222.8
Mar 20224.4
Feb 20224.4
Jan 20224.4
Dec 20213.6
Nov 20213.3
Oct 20213.2
Sep 20213.2
Aug 20213.4
Jul 20213.7
Jun 20214.2
May 20212.5
Apr 20213.9
Mar 20212.9
Feb 20214.3
Jan 20213.1
Dec 20203.5
Nov 20203.5
Oct 20201.8
Sep 20203.9
Aug 20204.0
Jul 20206.1
Jun 20204.0
May 20204.3
Apr 20201.7
Mar 20201.6
Feb 20203.2
Jan 20201.7
Dec 20191.6
Nov 20192.8
Oct 20191.6
Sep 20192.8
Aug 20191.7
Jul 20191.1
Jun 20192.0
May 20192.2
Apr 20190.7
Mar 20192.6
Feb 20192.3
Jan 20192.0
Dec 20182.3
Nov 20181.0
Oct 20180.9
Sep 20182.2
Aug 20182.4
Jul 20181.0
Jun 20180.7
May 20180.8
Apr 20180.6
Mar 20183.0
Feb 20182.1
Jan 20182.0
Dec 20171.8
Nov 20171.8
Oct 20171.9
Sep 20172.1
Aug 20171.9
Jul 20171.5
Jun 20173.3
May 20170.8
Apr 20172.0
Mar 20172.4
Feb 20172.5
Jan 20172.2
Dec 20162.5
Nov 20161.4
Oct 20161.9
Sep 20161.4
Aug 20161.1
Jul 20161.1
Jun 20161.2
May 20161.0
Apr 20160.7
Mar 20160.7
Feb 20160.8
Jan 20160.8
Dec 20150.5
Nov 20150.5
Oct 20151.4
Sep 20151.6
Aug 20151.6
Jul 20151.2
Jun 20151.0
May 20151.0
Apr 20150.7
Mar 20152.1
Feb 20150.8
Jan 20151.7
Dec 20141.0
Nov 20140.6
Oct 20141.7
Sep 20141.4
Aug 20141.9
Jul 20140.6
Jun 20140.6
May 20140.8
Apr 20140.5
Mar 20140.2
Feb 20141.3
Jan 20141.1
Dec 20131.7
Nov 20130.9
Oct 20131.3
Sep 20131.1
Aug 20130.8
Jul 20130.7
Jun 20130.6
May 20130.9
Apr 20130.9
Mar 20130.8
Feb 20130.3
Jan 20130.7
Dec 20120.7
Nov 20120.6
Oct 20120.6
Sep 20120.5
Aug 20121.1
Jul 20120.5
Jun 20120.5
May 20120.7
Apr 20120.6
Mar 20120.8
Feb 20120.7
Jan 20120.5
Dec 20111.1
Nov 20110.8
Oct 20110.6
Sep 20110.6
Aug 20110.9
Jul 20110.8
Jun 20110.5
May 20110.3
Apr 20111.1
Mar 20110.6
Feb 20110.8
Jan 20110.6
Dec 20100.7
Nov 20100.5
Oct 20100.6
Sep 20100.3
Aug 20100.4
Jul 20100.5
Jun 20100.4
May 20100.3
Apr 20100.4
Mar 20100.4
Feb 20100.4
Jan 20100.5
Dec 20091.1
Nov 20090.4
Oct 20090.5
Sep 20090.4
Aug 20090.3
Jul 20090.5
Jun 20090.3
May 20090.5
Apr 20090.3
Mar 20090.4
Feb 20090.3
Jan 20090.4
Dec 20081.0
Nov 20080.3
Oct 20080.2
Sep 20080.2
Aug 20080.3
Jul 20080.3
Jun 20080.4
May 20080.4
Apr 20080.3
Mar 20080.3
Feb 20080.4
Jan 20080.3

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.

-20002004006008001,000200920112013201520172019202120232025

IncreaseDecrease

Related analysis

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

More in Government Debt

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Treasury Bills OutstandingK54.3bn−0.4%m/m+6.9%y/ySep 2026Government Bonds OutstandingK206.6bn−3.7%m/m+7.0%y/ySep 2026Average Treasury Bill Yield10.78%−0.86 ppm/m−3.10 ppy/ySep 2026Average Government Bond Yield13.60%−1.61 ppm/m−4.37 ppy/ySep 2026

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