Regulatory Alerts2013-01-01
Operating Rules and Guidelines for Open Market Operations
The Bank of Zambia has issued new operating rules and guidelines for Open Market Operations to standardize and improve the efficiency of its monetary policy implementation. These guidelines establish clear operational procedures designed to enhance orderliness, timeliness, and transparency in market transactions. The regulations take effect immediately and instruct commercial banks to submit any operational queries to the central bank's Financial Markets Department.
8ANK 01 ZAMBIA OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS July 25, 2013 CB Circular No: 1612013 TO All Heads of Commercial Banks OPERATING RULES AND GUIDELINES FOR OPEN MARKET OPERATIONS Reference is made to the subject mentioned above. In our continued effort of enhancing orderliness, timeliness and transparency in the implementation of our monetary policy, the Bank of Zambia hereby issues the Operating Rules and Guidelines for Open Market Operations (OMO). These guidelines will assist in providing efficiency in the operations of the market. Kindly be advised that these OMO guidelines take effect immediately. For any queries or clarifications regarding the matter at hand, kindly contact our Financial Markets Department. Bwal a K. E. Ng'andu (Dr) DEPUTY GOVERNOR - OPERATIONS Bank Square, Cairo Road P.O. Box 30080, Lusaka, zambia Tel: 260-211-226844,228888 Fax:260-211-237070 E-mail: bngandu@boz.zm. bttp:/Iwww.boz.com