RegAlert

Rule · BOZ · 11 Jan 2001

Bank of Zambia Circular 02/2001: New Open Market Operations Bid/Offer Limits

monetary

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.

ZambiaBank of Zambia

Tel. 228888/228903-20

January 11, 2001

CB Circular No 02/2001

To : All Commercial Banks

Dear Sirs/Madam

NEW OPEN MARKET OPERATIONS BID/OFFER LIMITS

Reference is made to circular No. SCH/CB//6/95 dated 22 February 1995 in which the Bank of Zambia advised commercial banks of the minimum amount to be transacted at the Open Market Operations.

The Bank of Zambia wishes to advise all commercial banks that with effect from Monday, 15 January, 2001, the minimum amount to be transacted at the Open Market Operations has been revised upwards from K50 million to K500 million. Be further advised that the multiples at which transactions will be conducted thereafter have also been revised upwards from K50 million to K100 million.

All other conditions governing the Open Market Operations remain unchanged.

Yours faithfully

Dr Abraham Mwenda
DEPUTY GOVERNOR - OPERATIONS

BANK OF ZAMBIA
P.O. BOX 30080
Lusaka
10101

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Lineage: Amended

A newer document in RegAlert amends this one; it applies as amended.

SCH/CB Circular No. 6 dated1995-02-22Not in RegAlertSCH/CB Circular No. 6 dated 1995-02-22 — Not in RegAlertBank of Zambia Circular02/2001: New Open Market Oper…2001-01-11 · this documentBank of Zambia Circular 02/2001: New Open Market Operations Bid/Offer Limits (2001-01-11)Revised Open Market OperationsBid/Offer Limits2001 · BOZRevised Open Market Operations Bid/Offer Limits (2001-01-26)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Amended by
  • Revised Open Market Operations Bid/Offer Limits2001 · BOZ

    “Reference is made to CB Circular 02/2001 dated 11 January 2001, in which the Bank of Zambia advised commercial banks of the revised minimum amount to be transacted at the Open Market Operations.”

Amends
  • SCH/CB Circular No. 6 dated 1995-02-22Not in RegAlert

    “Reference is made to circular No. SCH/CB//6/95 dated 22 February 1995 in which the Bank of Zambia advised commercial banks of the minimum amount to be transacted at the Open Market Operations.”

Timeline

Amended 1 time · last 2001-01-26

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