Annual Report on Exchange Arrangements and Exchange Restrictions, 2004
Back Matter

Back Matter

Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Published Date:
September 2004
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    APPENDIX: COUNTRY TABLE MATRIX
    Status Under IMF Articles of Agreement
    Article VIII
    Article XIV
    Exchange Arrangement
    Currency
    Other legal tender
    Exchange rate structure
    Unitary
    Dual
    Multiple
    Classification
    Exchange arrangement with no separate legal tender
    Currency board arrangement
    Conventional pegged arrangement
    Pegged exchange rate within horizontal bands
    Crawling peg
    Crawling band
    Managed floating with no preannounced path for the exchange rate
    Independently floating
    Exchange tax
    Exchange subsidy
    Forward exchange market
    Official cover of forward operations
    Arrangements for Payments and Receipts
    Prescription of currency requirements
    Controls on the use of domestic currency
    For current transactions and payments
    For capital transactions
    Transactions in capital and money market instruments
    Transactions in derivatives and other instruments
    Credit operations
    Use of foreign exchange among residents
    Payments arrangements
    Bilateral payments arrangements
    Operative
    Inoperative
    Regional arrangements
    Clearing agreements
    Barter agreements and open accounts
    Administration of control
    International security restrictions
    In accordance with IMF Executive Board Decision No. 144-(52/51)
    In accordance with UN sanctions
    Payments arrears
    Official
    Private
    Controls on trade in gold (coins and/or bullion)
    Controls on domestic ownership and/or trade
    Controls on external trade
    Controls on exports and imports of banknotes
    On exports
    Domestic currency
    Foreign currency
    On imports
    Domestic currency
    Foreign currency
    Resident Accounts
    Foreign exchange accounts permitted
    Held domestically
    Approval required
    Held abroad
    Approval required
    Accounts in domestic currency held abroad
    Accounts in domestic currency convertible into foreign currency
    Nonresident Accounts
    Foreign exchange accounts permitted
    Approval required
    Domestic currency accounts
    Convertible into foreign currency
    Approval required
    Blocked accounts
    Imports and Import Payments
    Foreign exchange budget
    Financing requirements for imports
    Minimum financing requirements
    Advance payment requirements
    Advance import deposits
    Documentation requirements for release of foreign exchange for imports
    Domiciliation requirements
    Preshipment inspection
    Letters of credit
    Import licenses used as exchange licenses
    Other
    Import licenses and other nontariff measures
    Positive list
    Negative list
    Open general licenses
    Licenses with quotas
    Other nontariff measures
    Import taxes and/or tariffs
    Taxes collected through the exchange system
    State import monopoly
    Exports and Export Proceeds
    Repatriation requirements
    Surrender requirements
    Financing requirements
    Documentation requirements
    Letters of credit
    Guarantees
    Domiciliation
    Preshipment inspection
    Other
    Export licenses
    Without quotas
    With quotas
    Export taxes
    Taxes collected through the exchange system
    Other export taxes
    Payments for Invisible Transactions and Current Transfers
    Controls on these transfers
    Trade-related payments
    Prior approval
    Quantitative limits
    Indicative limits/bona fide test
    Investment-related payments
    Prior approval
    Quantitative limits
    Indicative limits/bona fide test
    Payments for travel
    Prior approval
    Quantitative limits
    Indicative limits/bona fide test
    Personal payments
    Prior approval
    Quantitative limits
    Indicative limits/bona fide test
    Foreign workers’ wages
    Prior approval
    Quantitative limits
    Indicative limits/bona fide test
    Credit card use abroad
    Prior approval
    Quantitative limits
    Indicative limits/bona fide test
    Other payments
    Prior approval
    Quantitative limits
    Indicative limits/bona fide test
    Proceeds from Invisible Transactions and Current Transfers
    Repatriation requirements
    Surrender requirements
    Restrictions on use of funds
    Capital Transactions
    Controls on capital transactions
    Controls on capital and money market instruments
    On capital market securities
    Shares or other securities of a participating nature
    Purchase locally by nonresidents
    Sale or issue locally by nonresidents
    Purchase abroad by residents
    Sale or issue abroad by residents
    Bonds or other debt securities
    Purchase locally by nonresidents
    Sale or issue locally by nonresidents
    Purchase abroad by residents
    Sale or issue abroad by residents
    On money market instruments
    Purchase locally by nonresidents
    Sale or issue locally by nonresidents
    Purchase abroad by residents
    Sale or issue abroad by residents
    On collective investment securities
    Purchase locally by nonresidents
    Sale or issue locally by nonresidents
    Purchase abroad by residents
    Sale or issue abroad by residents
    Controls on derivatives and other instruments
    Purchase locally by nonresidents
    Sale or issue locally by nonresidents
    Purchase abroad by residents
    Sale or issue abroad by residents
    Controls on credit operations
    Commercial credits
    By residents to nonresidents
    To residents from nonresidents
    Financial credits
    By residents to nonresidents
    To residents from nonresidents
    Guarantees, sureties, and financial backup facilities
    By residents to nonresidents
    To residents from nonresidents
    Controls on direct investment
    Outward direct investment
    Inward direct investment
    Controls on liquidation of direct investment
    Controls on real estate transactions
    Purchase abroad by residents
    Purchase locally by nonresidents
    Sale locally by nonresidents
    Controls on personal capital transactions
    Loans
    By residents to nonresidents
    To residents from nonresidents
    Gifts, endowments, inheritances, and legacies
    By residents to nonresidents
    To residents from nonresidents
    Settlement of debts abroad by immigrants
    Transfer of assets
    Transfer abroad by emigrants
    Transfer into the country by immigrants
    Transfer of gambling and prize earnings
    Provisions specific to commercial banks and other credit institutions
    Borrowing abroad
    Maintenance of accounts abroad
    Lending to nonresidents (financial or commercial credits)
    Lending locally in foreign exchange
    Purchase of locally issued securities denominated in foreign exchange
    Differential treatment of deposit accounts in foreign exchange
    Reserve requirements
    Liquid asset requirements
    Interest rate controls
    Credit controls
    Differential treatment of deposit accounts held by nonresidents
    Reserve requirements
    Liquid asset requirements
    Interest rate controls
    Credit controls
    Investment regulations
    Abroad by banks
    In banks by nonresidents
    Open foreign exchange position limits
    On resident assets and liabilities
    On nonresident assets and liabilities
    Provisions specific to institutional investors
    Limits (max.) on securities issued by nonresidents
    Limits (max.) on investment portfolio held abroad
    Limits (min.) on investment portfolio held locally
    Currency-matching regulations on assets/liabilities composition
    Other controls imposed by securities laws
    Changes During 2003
    Status under IMF Articles of Agreement
    Exchange arrangement
    Arrangements for payments and receipts
    Resident accounts
    Nonresident accounts
    Imports and import payments
    Exports and export proceeds
    Payments for invisible transactions and current transfers
    Proceeds from invisible transactions and current transfers
    Capital transactions
    Controls on capital and money market instruments
    Controls on derivatives and other instruments
    Controls on credit operations
    Controls on direct investment
    Controls on liquidation of direct investment
    Controls on real estate transactions
    Controls on personal capital transactions
    Provisions specific to commercial banks and other credit institutions
    Provisions specific to institutional investors
    Other controls imposed by securities laws
    Changes During 2004
    Status under IMF Articles of Agreement
    Exchange arrangement
    Arrangements for payments and receipts
    Resident accounts
    Nonresident accounts
    Imports and import payments
    Exports and export proceeds
    Payments for invisible transactions and current transfers
    Proceeds from invisible transactions and current transfers
    Capital transactions
    Controls on capital and money market instruments
    Controls on derivatives and other instruments
    Controls on credit operations
    Controls on direct investment
    Controls on liquidation of direct investment
    Controls on real estate transactions
    Controls on personal capital transactions
    Provisions specific to commercial banks and other credit institutions
    Provisions specific to institutional investors
    Other controls imposed by securities laws
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