Regulatory Alerts2013-01-01
Bank of Zambia Circular 10/2013 on Engagement of Foreign Exchange Brokers
The Bank of Zambia issued Circular 10/2013 directing all commercial banks to immediately suspend the engagement of brokers for foreign currency transactions. This directive, effective until further notice, follows previous regulations outlined in CB Circular No: 04/2013. Banks seeking clarification on this suspension are instructed to contact the Director of the Bank Supervision Department.
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