- Central Bank aims to enhance transparency and efficiency in forex market
- Measures target illegal trade and speculative activities affecting Kwacha.
Lusaka, Zambia – The Bank of Zambia (BoZ) has issued new foreign currency trade regulations in an effort to slow the continued depreciation of the local currency against major convertible currencies. In a notice on its website, the Central Bank emphasised that these guidelines are designed to enhance transparency, efficiency, and effectiveness in the domestic foreign exchange market, and should not be construed as the introduction of exchange controls.
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