RegAlert

Rule · BOZ · 7 Mar 2013

Bank of Zambia Circular 10/2013 on Engagement of Foreign Exchange Brokers

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The Bank of Zambia issued Circular 10/2013 directing all commercial banks to immediately suspend the engagement of brokers for foreign currency transactions. This directive, effective until further notice, follows previous regulations outlined in CB Circular No: 04/2013. Banks seeking clarification on this suspension are instructed to contact the Director of the Bank Supervision Department.

ZambiaBank of Zambia

BANK of ZAMBIA

DEPUTY GOVERNOR - OPERATIONS

March 7, 2013

CB Circular No: 10/2013
To: All Commercial Banks

ENGAGEMENT OF FOREIGN EXCHANGE BROKERS

Further to CB Circular No: 04/2013, Commercial Banks are directed to suspend the engagement of brokers in all foreign currency transactions. This measure is with immediate effect and shall remain in force until further notice.

For clarification, Commercial Banks may contact the Director – Bank Supervision Department.

P.P. Bwalya K. E. Ng’andu (Dr)
DEPUTY GOVERNOR - OPERATIONS

Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia. Tel: +260-211-226844, 228888. Fax: +260-211-237070. E-mail: bngandu@boz.zm. http://boz.zm

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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Engagement of Market Brokers andRevision of Money and Foreign Exc…2013 · BOZEngagement of Market Brokers and Revision of Money and Foreign Exchange Market Returns (2013-01-15)Bank of Zambia Circular10/2013 on Engagement of Fore…2013-03-07 · this documentBank of Zambia Circular 10/2013 on Engagement of Foreign Exchange Brokers (2013-03-07)
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Amends

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This document amends: Engagement of Market Brokers and Revision of Money and Foreign Exchange Market Returns

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