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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 $3.230 per pound
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Foreign Exchange News
Dollar/kwacha remained largely unchanged in most of Monday’s thin sessions although the local unit closed on a stronger footing. The pair was buying and selling on interbank at K3,400 and K3,420 at the start of trading and remained unchanged given the subdued market conditions.
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NEW BRANCH NOW OPEN IN SOLWEZI WITH EXCEPTIONAL SERVICES!!!!!!CAVMONT CAPITAL BANK LIMITED YOUR GUIDE IN THE BANKING JUNGLE.
Money Market News
Activity on the overnight window remained high with funds traded on interbank amounting to K126.7 billion at an average rate of 11.1 percent. Banks’ aggregate current account balance at Bank of Zambia stood at K195.4 billion at the close of Friday’s money market activities. The OMO window remained opened with both Term Deposits and REPOS on the offer.
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New product - Cavmont Savers Bonus
We have introduced a product called Cavmont Savers Bonus. This is basically a funeral policy where the account holders claim free cash in case of loss of the account holder , a spouse or a child.
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:: Today's Exchange Rates
Currency We Buy We Sell
US Dollar ($) 3,430 3,570
UK Pound (£) 6,325 6,583
SA Rand (R) 440 458
Euro (€) 5,044 5,249
:: Treasury Bills
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
:: Government Bonds
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