Regulatory Alerts1997-01-01
Bank of Zambia Circular 1/1997: Foreign Exchange Open Position Limits
The Bank of Zambia requires all commercial banks to recalculate foreign exchange open position limits using the end-of-month regulatory capital position instead of the last audited accounts. Effective 31 January 1997, these quarterly currency exposure limits will be fixed based on the updated capital figures to ensure real-time compliance with the 1996 Foreign Exchange Risk Management Regulations. This adjustment replaces the previous reporting practice to align regulatory capital assessments with current financial positions.
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