Regulatory Alerts2008-01-01
CB Circular 10/2008 Restructuring of the Re-discount Window
The Bank of Zambia issued Circular 10/2008 to immediately reduce the Price Penalty for rediscounting Treasury bills exceeding 10 percent of regulatory capital from 7 percent to 3.5 percent. This directive applies to all commercial banks and specifically targets the penalty rate for amounts above the established threshold. Charges for rediscounting Treasury bills within the 10 percent of regulatory capital limit remain unchanged at 0.64 percent, 0.73 percent, and 0.84 percent on price, income, and cost respectively.
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