Front Matter

Front Matter

International Monetary Fund. Monetary and Capital Markets Department
Published Date:
January 1996
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    © 1996 International Monetary Fund

    Editors: Gail Berre

    Martha Bonilla

    Design and composition: IMF Graphics Section

    Library of Congress Cataloging-in-Publication Data

    International Monetary Fund.

    Annual report on exchange arrangements and exchange restrictions.


    Continues: International Monetary Fund. Annual report on exchange restrictions, 1950—1978

    1. Foreign exchange — Law and legislation — Periodicals. 2. Foreign exchange — Control — Periodicals. I. Title.

    K4440.A13 I57 [date] 341.7’51 79-644506

    ISSN 0250-7366

    ISBN 1-55775-588-4

    Price: US$76.00

    (US$38.00 to full-time university faculty members and students)

    Please send orders to:

    International Monetary Fund, Publication Services

    700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

    Tel.: (202) 623-7430 Telefax: (202) 623-7201


    Letter of Transmittal to Members and Governors of the Fund

    August 9, 1996

    Dear Sir:

    I have the honor to transmit to you a copy of the International Monetary Fund’s Annual Report on Exchange Arrangements and Exchange Restrictions, 1996, which has been prepared in accordance with the provisions of Article XIV, Section 3 of the Articles of Agreement.

    On behalf of the Executive Board, I should like to express our appreciation of the cooperation of the countries in the preparation of the Report.

    Sincerely yours,

    Michel Camdessus

    Chairman of the Executive Board and Managing Director


    *The IMF has not received from the authorities of Afghanistan, Iraq, and Somalia the information required for a description of the exchange and trade system as of December 31, 1995.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.


    The Annual Report on Exchange Arrangements and Exchange Restrictions has been published annually 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 visits to member countries, and it has been prepared in close consultation with national authorities.

    The project is coordinated in the Exchange Regime and Market Operations Division of the Monetary and Exchange Affairs Department. It draws on the specialized contributions of staff of that Department (for specific countries), with assistance from staff members of the IMF’s seven Area Departments, together with staff of other Departments.

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