Establishing Conversion Values for New Currency Unions : Method and Application to the planned Gulf Cooperation Council (GCC) Currency Union »
Series: IMF Working Papers
Author(s): Bassem Kamar , Jean-Etienne Carlotti , and Russell Krueger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2009
Keywords: Currency union, conversion rates, EAC, East African Community, ECOWAS, ECU, GCC, Gulf Cooperation Council, SADC, South African Development Community
A key issue in creating a new currency union is setting the rates to convert national currencies into the new union currency. Planned unions in the Gulf region and Africa are seeking methods to set the conversion r...