Front Matter

Front Matter

Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Published Date:
October 2010
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    © 2010 International Monetary Fund

    Cataloging-in-Publication Data

    International Monetary Fund.

    Annual Report on exchange arrangements and exchange restrictions [electronic resources]. 1979—

    Continues: International Monetary Fund. Annual Report on exchange restrictions, 1950–1978

    1. Foreign exchange—Law and Legislation—Periodicals. 2. Foreign exchange administration—Periodicals. 1. Title

    K4440.A13 157 2007 341.7’5179-644506

    ISSN 0250-7366

    ISBN 978-1-61635-011-6

    Please send orders to:

    International Monetary Fund, Publication Services

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    CONTENTS

    Note: The term “country,” as used in this publication, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    The Annual Report on Exchange Arrangements and Exchange Restrictions has been published by the IMF since 1950. It draws on information available to the IMF from a number of sources, including that provided in the course of official staff visits to member countries, and has been prepared in close consultation with national authorities. The information is presented in a tabular format.

    This project was coordinated in the Monetary and Capital Markets Department by a staff team directed by Karl F. Habermeier and comprising Chikako Baba, Roy Baban, Mehmet Ziya Gorpe, Annamaria Kokeny, Maria Zenaida M. de Mesa, and Romain Veyrune. It draws on the specialized contribution of that department (for specific countries), with assistance from staff members of the IMF’s five area departments, together with staff of other departments. The report was edited by Linda Griffin Kean of the External Relations Department (EXR) and produced by Mrs. de Mesa, Alicia Etchebarne-Bourdin of EXR, and the IMF Multimedia Services Division. Lucy Scott Morales provided editorial assistance.

    Abbreviations

    ACP

    Atlantic, Caribbean, and Pacific countries

    ACU

    Asian Clearing Union (Bangladesh, Bhutan, India, Islamic Republic of Iran, Myanmar, Nepal, Pakistan, and Sri Lanka)

    AD

    Authorized dealer

    AEC

    African Economic Community

    AFTA

    ASEAN free trade area (see ASEAN, below)

    AGOA

    African Growth and Opportunity Act (United States)

    AMU

    Asian monetary unit

    ANZCERTA

    Australia-New Zealand Closer Economic Relations and Trade Agreement

    APEC

    Asia Pacific Economic Cooperation

    ASEAN

    Association of Southeast Asian Nations (Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, and Thailand)

    ATC

    Agreement on Textiles and Clothing

    BCEAO

    Central Bank of West African States (Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo)

    BEAC

    Bank of Central African States (Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon)

    CACM

    Central American Common Market (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua)

    CAEMC

    Central African Economic and Monetary Community (members of the BEAC)

    CAFTA

    Central American Free Trade Agreement

    CAP

    Common agricultural policy (of the EU)

    CARICOM

    Caribbean Community and Common Market (Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago). The Bahamas is also a member of CARICOM, but it does not participate in the Common Market.

    CB

    Central bank

    CEEAC

    Economic Community of Central African States (Angola, Burundi, Cameroon, Central African Republic, Chad, Democratic Republic of the Congo, Republic of Congo, Equatorial Guinea, Gabon, Rwanda, and São Tomé and Príncipe)

    CEFTA

    Central European Free Trade Area (Bulgaria, Hungary, Poland, Romania, Slovak Republic, and Slovenia)

    CEPGL

    Economic Community of the Great Lakes Countries (Burundi, Democratic Republic of the Congo, and Rwanda)

    CEPT

    Common effective preferential tariff of the AFTA

    CET

    Common external tariff

    CFA

    Communauté financiere d’Afrique (administered by the BCEAO) and Cooperation financiere en Afrique centrale (administered by the BEAC)

    CIMA Code

    Chartered Institute of Management Accountants Code of Ethics for Professional Accountants

    CIS

    Commonwealth of Independent States (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Russian Federation, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan)

    CITES

    Convention on International Trade in Endangered Species of Wild Fauna and Flora

    CLS

    Continued Linked Settlement (Denmark, Norway, and Sweden)

    CMA

    Common Monetary Area (a single exchange control territory comprising Lesotho, Namibia, South Africa, and Swaziland)

    CMCF

    Caribbean Multilateral Clearing Facility

    CMEA

    Council for Mutual Economic Assistance (dissolved; formerly Bulgaria, Cuba, Czechoslovakia, German Democratic Republic, Hungary, Mongolia, Poland, Romania, the U.S.S.R., and Vietnam)

    COMESA

    Common Market for Eastern and Southern Africa (Burundi, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Namibia, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia, and Zimbabwe)

    CPZ

    Commercial processing zone

    EAC

    East African Community

    EBRD

    European Bank for Reconstruction and Development

    EC

    European Council (Council of the European Union)

    ECB

    European Central Bank

    ECC

    European Community Council

    ECCB

    Eastern Caribbean Central Bank (Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines)

    ECCU

    Eastern Caribbean Currency Union

    ECOWAS

    Economic Community of West African States (Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, the Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo)

    ECSC

    European Coal and Steel Community

    EEA

    European economic area

    EFTA

    European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland)

    EIB

    European Investment Bank

    EMU

    European Economic and Monetary Union (Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia, and Spain)

    EPZ

    Export processing zone

    ERM

    Exchange rate mechanism (of the European monetary system)

    EU

    European Union (formerly European Community; Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and United Kingdom)

    FATF

    Financial Action Task Force on Money Laundering (of the OECD)

    FCA

    foreign currency account

    FEC

    foreign exchange certificate

    FSU

    Former Soviet Union

    G8

    Group of Eight (Canada, France, Germany, Italy, Japan, Russia, United Kingdom, and United States)

    G10

    Group of Ten (Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, United Kingdom, and United States)

    GAFTA

    Greater Arab Free Trade Agreement

    GCC

    Gulf Cooperation Council (Cooperation Council for the Arab States of the Gulf; Kingdom of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates)

    GSP

    Generalized system of preferences

    IBRD

    International Bank for Reconstruction and Development (World Bank)

    IDB

    Inter-American Development Bank

    IMF

    International Monetary Fund

    IOSCO

    International Organization of Securities Commissions

    LAIA

    Latin American Integration Association (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and República Bolivariana de Venezuela)

    LC

    Letter of credit

    LIBID

    London interbank bid rate

    LIBOR

    London interbank offered rate

    MERCOSUR

    Southern Cone Common Market (Argentina, Brazil, Paraguay, and Uruguay)

    MFA

    Multifiber Arrangement

    MFN

    Most-favored nation

    MOF

    Ministry of finance

    NAFA

    North American Framework Agreement (Canada, Mexico, and United States)

    NAFTA

    North American Free Trade Agreement

    OECD

    Organization for Economic Cooperation and Development

    OECS

    Organization of Eastern Caribbean States (Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines)

    OGL

    Open general license

    PACER

    Pacific Agreement on Closer Economic Relations (of the Pacific Islands Forum; Australia, Cook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, New Zealand, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu)

    PARTA

    Pacific Regional Trade Agreement (of the Pacific Islands Forum)

    PICTA

    Pacific Island Countries Trade Agreement (of the Pacific Islands Forum; Cook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu)

    RCPSFM

    Regional Council on Public Savings and Financial Markets (an institution of WAEMU countries that is involved in the authorization for issuance and marketing of securities)

    RIFF

    Regional Integration Facilitation Forum (formerly the Cross-Border Initiative; Burundi, Comoros, Kenya, Madagascar, Malawi, Mauritius, Namibia, Rwanda, Seychelles, Swaziland, Tanzania, Uganda, Zambia, and Zimbabwe)

    SACU

    Southern African Customs Union (Botswana, Lesotho, Namibia, South Africa, and Swaziland)

    SADC

    Southern Africa Development Community (Angola, Botswana, Democratic Republic of the Congo, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia, and Zimbabwe)

    SCP

    Scandinavian Cash Pool (Denmark, Norway, and Sweden)

    SDR

    Special drawing right

    SPARTECA

    South Pacific Regional Trade and Economic Cooperation Agreement (Australia, Cook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, New Zealand, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu)

    UCAC

    Central African Units of Accounts

    UCITS

    Undertakings for the Collective Investment of Transferable Securities

    UDEAC

    Central African Customs and Economic Union (Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon)

    UN

    United Nations

    UNITA

    National Union for the Total Independence of Angola

    VAT

    Value-added tax

    WAEMU

    West African Economic and Monetary Union (formerly WAMU; members of the BCEAO)

    WAMA

    West African Monetary Agency (formerly WACH)

    WAMZ

    West African Monetary Zone

    W-ERM II

    Exchange rate mechanism (of the WAMZ)

    WTO

    World Trade Organization

    Note: This list does not include acronyms of purely national institutions mentioned in the country chapters.

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