Regulatory Alerts2024-01-01
Bank of Zambia Circular No. 07/2024 on Submission of Internal Foreign Exchange Net Open Position Limits
The Bank of Zambia requires all commercial banks to submit their internally determined foreign exchange net open position limits daily. These submissions must be transmitted to the Financial Markets Department by 08:30 hours each trading day via the Refinitiv FXT Dealing System. The mandatory daily reporting framework takes effect on March 21, 2024, pursuant to Section 50 of the Bank of Zambia Act.
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