Commercial banks warned

Bank of Zambia kwacha
Bank of Zambia kwacha

Bank of Zambia Governor, Michael Kaumba has warned Commercial Bank foreign exchange dealers against engaging in any conduct that can destabilize the economy.

Dr. Gondwe says dealers should act within the foreign exchange market code of conduct and the interbank foreign exchange market framework.

He said this during meet the Governor Dinner hosted by the Financial Markets Association of Zambia also known as the ACI Zambia.

Dr Gondwe also warned against mispricing or artificially inflating the size of demand or supply volume the intent to mislead market participants.

He also warned against conniving with major suppliers of forex with a view to create an artificial shortage of Foreign Exchange in the market.

And the Bankers Association of Zambia Chairman, Shankardas Gupta says Zambia financial sector need to diversify financial products.

He says at the moment both the money and capital markets are underdeveloped.

And ACI Zambia President, Mwape Kambafwile says members of the association will uphold the highest ethical standards.

On proposes that Commercial Banks list on the Lusaka stock Exchange, Mr. Kambafwile says this should not be imposed on banks.


  1. Afterwɑrds, tҺе surgeon will аsk yߋu
    about your goals and what you hope tо achieve through Denver breast surgery.
    He will alѕߋ ask үߋu about yοur expectations fгom the procedure including уoսr preferred breast size.
    It is not ɑt аll a difficult task to find a dentist іn Νew York City, and ʏoս mսst mɑke ѕure that
    you visit a dentist who has ample experience іn thіs field and cɑn give yοur child tҺе
    best braces Nеw York.

  2. Will the doctor performing blind dissection be able
    to adequately account for this variability in the average patient and will
    he risk operating on an unwary patient in whom these differences might be
    profound. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

    Oils that are perfect for sealing are Olive oil, jojoba oil, safflower oil or castor

  3. In the last five years, the survey states, a face life, or rhytidectomy,
    is one of the most requested of all invasive procedures.
    They use high-end techniques, innovative surgical methods and state-of-art machines to deliver excellent result.
    Furthermore, you need to really feel comfortable with the plastic surgeon you decide on.

  4. Replacing the wax ring is a lot less difficult and expensive than replacing the toilet, but if you have wanted a new commode, this is
    your chance. Flat paint is the best choice for hiding rough spots and surface imperfections,
    which makes it perfect for ceilings and walls. Your time
    is valuable, so it doesn’t make much sense to spend all of it dealing with a plumbing problem.