2003-10-16

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Bank of Zambia Circular 16/2003: Primary Dealers in the Broad-Based Interbank Foreign Exchange System

The Bank of Zambia has appointed Finance Bank and Intermarket Discount House Zambia Limited as Primary Dealers in the Broad-Based Interbank Foreign Exchange System. This directive updates the authorized participant list established in the prior July circular and formally notifies all commercial banks of the change. The appointment expands the pool of institutions eligible to execute interbank foreign exchange transactions under central bank oversight.

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BANK OF ZAMBIA

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

October 16, 2003

CB Circular No 16/2003

To : All Commercial Banks

PRIMARY DEALERS – BROAD BASED INTERBANK FOREIGN EXCHANGE SYSTEM

Further to our CB Circular No. 13/2003 dated July 23, 2003 regarding the above subject, kindly be advised that Finance Bank and Intermarket Discount House Zambia Limited have been appointed as a Primary Dealers in the Broad-based Interbank Foreign Exchange System.

Denny H Kalyalya (Dr)
DEPUTY GOVERNOR - OPERATIONS

Cc: Governor


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/

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