Regulatory Alerts2003-01-01
Bank of Zambia Circular 13/2003: Primary Dealers in the Broad-Based Interbank Foreign Exchange System
The Bank of Zambia has appointed African Banking Corporation, Barclays Bank of Zambia, Citibank Zambia, Stanbic Bank Zambia, and Standard Chartered Bank as Primary Dealers in the Broad-Based Interbank Foreign Exchange System. All other commercial banks are designated to participate in the interbank market as Market Makers. This directive formally structures the Zambian foreign exchange market by distinguishing primary dealer privileges from general market maker participation.
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