Regulatory Alerts2001-01-11
Added · Updated
Bank of Zambia Circular 02/2001: New Open Market Operations Bid/Offer Limits
The Bank of Zambia has revised the minimum transaction amounts and multiples for commercial bank participation in Open Market Operations. Effective January 15, 2001, the minimum bid or offer amount increases from K50 million to K500 million, while transaction multiples rise from K50 million to K100 million. All other regulatory conditions governing these operations remain unchanged, and banks must comply with the new thresholds for all future transactions.
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