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International News
At 16:00 hrs local time on 18 August, copper spot price on Nynex, New York was quoted at $3.3695 per pound and for September delivery at $3.230 per pound
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Foreign Exchange News
Dollar/kwacha remained largely unchanged in most of Monday’s thin sessions although the local unit closed on a stronger footing. The pair was buying and selling on interbank at K3,400 and K3,420 at the start of trading and remained unchanged given the subdued market conditions.
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Money Market News
Activity on the overnight window remained high with funds traded on interbank amounting to K126.7 billion at an average rate of 11.1 percent. Banks’ aggregate current account balance at Bank of Zambia stood at K195.4 billion at the close of Friday’s money market activities. The OMO window remained opened with both Term Deposits and REPOS on the offer.
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New product - Cavmont Savers Bonus
We have introduced a product called Cavmont Savers Bonus. This is basically a funeral policy where the account holders claim free cash in case of loss of the account holder , a spouse or a child.
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more
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| :: Today's
Exchange Rates |
| Currency |
We Buy |
We Sell |
| US Dollar ($) |
3,430 |
3,570 |
| UK Pound (£) |
6,325 |
6,583 |
| SA Rand (R) |
440 |
458 |
| Euro (€) |
5,044 |
5,249 |
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| Days |
Low |
High |
Average |
| 91 |
11.76% |
12.29% |
12.40% |
| 182 |
13.34% |
12.45% |
13.58% |
| 271 |
13.50% |
13.50% |
13.50% |
| 364 |
13.80% |
13.94% |
14.00% |
Date: 19 August, 2008 No: 08/2008
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| Period |
Weighted Average |
| 2 Years |
14.98% |
| 3 Years |
15.50% |
| 5 Years |
16.44% |
| 7 Years |
17.20% |
| 10 Years |
18.20% |
| 15 Years |
19.20% |
Date: 19 August, 2008 No: 08/2008
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