Regulatory Alerts2013-01-01
Introduction of Foreign Exchange Swaps as Instruments of Monetary Policy
The Bank of Zambia introduced foreign exchange swaps as an additional monetary policy instrument under Open Market Operations to enhance liquidity management in money markets. This measure, effective immediately, aims to expand the central bank's toolkit for nurturing domestic financial markets and improving policy efficacy. The specific rules and procedures governing these swaps are detailed in forthcoming OMO Guidelines.
Share