BANK OF ZAMBIA

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

July 23, 2003

CB Circular: No. 13/2003

To: All Commercial Banks

PRIMARY DEALERS - BROAD-BASED INTERBANK FOREIGN EXCHANGE SYSTEM

Reference is made to the above subject.

Kindly be advised that the following commercial banks have been appointed as Primary Dealers in the Broad-based Inter-bank Foreign Exchange System:

1. African Banking Corporation (Z) Limited;
2. Barclays Bank of Zambia Limited;
3. Citibank Zambia Limited;
4. Stanbic Bank Zambia Limited; and
5. Standard Chartered Bank Limited.

All other commercial banks will participate in the interbank market as Market Makers.

Denny H Kalyalya (Dr)
DEPUTY GOVERNOR – OPERATIONS

Cc: Governor

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Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia Tel: +260-1-226844 Fax: +260-1-237070 Email: dkalyaly@boz.zm Web: http://www.boz.zm/