By BUUMBA CHIMBULU IN its continued efforts to enhance operational efficiency of the domestic foreign exchange market, the Bank of Zambia (BoZ) has increased foreign exchange negotiable threshold amount for overseas transactions. The prescribed negotiable threshold under the Foreign Exchange Market Guidelines and Interbank Foreign Exchange Market (IFEM) Rules, which came into effect yesterday, has been adjusted upwards. According to a circular signed by the BoZ Deputy Governor-Operations Dr Francis Chipimo to all heads of commercial banks dated March 5, 2025, this adjustment aims to enhance operational efficiency of the domestic foreign exchange market. “The bank wishes to advise that the prescribed negotiable amount under CLICK HERE TO READ MORE
BoZ increases negotiable threshold for foreign transactions to $5m
