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International Monetary Fund. Monetary and Capital Markets Department

Abstract

The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) has been published by the IMF since 1950. It is a unique publication based on a database maintained by the IMF that tracks exchange arrangements and foreign exchange systems for all member countries on an annual basis and also provides historical information on these. The introduction to the volume provides a summary of recent global trends and developments in the areas covered by the publication. Individual country chapters report exchange measures in place, the structure and setting of the exchange rate, arrangements for payments and receipts, procedures for resident and nonresident accounts, mechanisms for import and export payments and receipts, controls on capital transactions, and provisions specific to the financial sector. A separate section in each chapter lists changes made during 2005 and the first part of 2006. The AREAER draws on information made available to the IMF from a number of sources, including during official staff visits to member countries, and has been prepared in close consultation with national authorities. The information is presented in a tabular format.

International Monetary Fund. Monetary and Capital Markets Department

Abstract

This 2004 Annual Report on Exchange Arrangements and Exchange Restrictions provides a detailed description of the exchange arrangements and exchange/trade restrictions of individual IMF member countries and Hong Kong Special Administrative Region, as well as Aruba and the Netherlands Antilles. The report highlights that the exchange rate of the kuna is determined in the foreign exchange market. The Croatian National Bank may set intervention exchange rates, which it applies in transactions with banks outside the interbank market to smooth undue fluctuations in the exchange rate.

International Monetary Fund. Monetary and Capital Markets Department

Abstract

This 2003 Annual Report on Exchange Arrangements and Exchange Restrictions provides a detailed description of the exchange arrangements and exchange/trade restrictions of individual IMF member countries and Hong Kong Special Administrative Region, as well as Aruba and the Netherlands Antilles. The report highlights that Bangladesh Bank announces a buying–selling rate band for the U.S. dollar against the taka for its transactions with authorized dealer banks. Trends of the real effective exchange rate of the taka against a trade-weighted basket of currencies of major trade partners are analyzed to monitor the external competitiveness of the exchange rate.

International Monetary Fund
This paper assesses Serbia and Montenegro’s First Review Under the Extended Arrangement (EA). Serbia and Montenegro’s economic and policy performance has remained good under the current EA, but daunting challenges lie ahead. Macroeconomic policies need to be carefully calibrated to address potential risks to macroeconomic and financial instability, while the task of economic restructuring will be increasingly difficult. The IMF staff welcomes the authorities’ commitment to address delays in the adoption of reform legislation that led to nonobservance of some structural benchmarks and notes the need to avoid new slippages.
International Monetary Fund. Monetary and Capital Markets Department

Abstract

This 2002 Annual Report on Exchange Arrangements and Exchange Restrictions provides a detailed description of the exchange arrangements and exchange/trade restrictions of individual IMF member countries and Hong Kong Special Administrative Region, as well as Aruba and the Netherlands Antilles. The report highlights that the exchange rate of the Australian dollar is market determined. Licensed foreign exchange dealers may deal among themselves, with their customers, and with overseas counterparties at mutually negotiated rates for both spot and forward transactions in any currency with regard to trade- and nontrade-related transactions.

International Monetary Fund
This paper assesses the Federal Republic of Yugoslavia’s (FRY) 2002 Article IV Consultation, Third Review Under the Stand-By Arrangement (SBA), and a Request for an Extended Arrangement. Despite the impressive achievements since late 2000, when FRY succeeded to membership in the IMF, the challenges facing the authorities remain daunting. The FRY authorities’ medium-term program of stabilization sets a good basis for achieving sustainable growth and a viable external position, and deserves the continued support of the IMF through completion of the third review under the current SBA and approval of the proposed extended arrangement.
International Monetary Fund
The government has implemented the IMF-supported program with impressive firmness and has moved quickly to adopt corrective measures as needed to ensure that it stays on track. Much has been accomplished in stabilization and structural reform within a short period. Achievement of the fiscal objectives will be challenging, in both Serbia and Montenegro. Continued progress in structural reform is important. The Federal Republic of Yugoslavia needs the continued support of donors and creditors. The World Bank is closely involved in the reconstruction efforts.
International Monetary Fund. Monetary and Capital Markets Department

Abstract

This 2001 Annual Report on Exchange Arrangements and Exchange Restrictions provides a detailed description of the exchange arrangements and exchange restrictions of individual member countries, as well as Aruba, the Netherlands Antilles, and Hong Kong Special Administrative Region. The report highlights that in the case of Algeria, the external value of the dinar is set at the interbank foreign exchange market rate. No margin limits are imposed on the buying and selling exchange rates in the interbank foreign exchange market.

International Monetary Fund. Monetary and Capital Markets Department

Abstract

The exchange and trade systems of IMF member countries are presented in this comprehensive volume in a tabular format. There is expanded coverage of the regulatory framework for capital movements. The information generally relates to the end of 1999 but also covers significant developments in early 2000. Published in Septermber.