Regulatory Alerts2024-01-01
Bank of Zambia Foreign Exchange Market Guidelines (CB Circular No. 10/2024)
The Bank of Zambia issued the Foreign Exchange Market Guidelines under Gazette Notice No. 525 of 2024 to streamline domestic foreign exchange market operations. The circular specifies a prescribed negotiable amount of US$1,000,000 or its foreign currency equivalent per Clause 4(1)(c). Commercial banks are directed to actively disseminate the Guidelines and accompanying Explanatory Notes to their clients to ensure regulatory compliance.
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