Chapter

Appendix I: Summary Features of Exchange Arrangements and Regulatory Frameworks for Current and Capital Transactions in Member Countries1

Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Published Date:
September 2000
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(as of date shown on first country page)2

Total number of countries with this featureAfghanistan, Islamic State ofAlbaniaAlgeriaAngolaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamas, TheBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCentral African RepublicChadChileChina, People’s Rep. ofHong Kong SARColombiaComorosCongo, Dem. Rep. of theCongo, Republic ofCosta RicaCôte d’IvoireCroatiaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopia
Status under IMF Articles of Agreement
Article VIII152
Article XIV33
Exchange rate arrangements
Exchange arrangement with no separate legal tender38
Currency board arrangement8
Conventional pegged arrangement45
Pegged exchange rate within horizontal bands6
Crawling peg5
Crawling band6
Managed floating with no preannounced path for the exchange rate27
Independently floating50
Exchange rate structure
Dual exchange rates13
Multiple exchange rates5
Arrangements for payments and receipts
Bilateral payments arrangements61
Multiple exchange rates60
Controls on payments for invisible transactions and current transfers100
Proceeds from exports and/or invisible transactions
Repatriation requirements105
Surrender requirements75
Capital transactions
Controls on:
Capital market securities125
Money market instruments110
Collective investment securities103
Derivatives and other instruments83
Commercial credits108
Financial credits113
Guarantees, sureties, and financial backup facilities93
Direct investment147
Liquidation of direct investment54
Real estate transactions136
Personal capital movements90
Provisions specific to:
Commercial banks and other credit institutions158
Institutional investors83
Keys and Footnotes
FijiFinlandFranceGabonGambia, TheGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHungaryIcelandIndiaIndonesiaIran, Islamic Rep. ofIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKorea, Republic ofKuwaitKyrgyz RepublicLao People’s Dem. Rep.LatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLithuaniaLuxembourgMacedonia, fmr. Yugoslav Rep.MadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMicronesia, Fed. States ofMoldovaMongoliaMoroccoMozambiqueMyanmarNamibia
Status Under IMF Articles of Agreement
Article VIII
Article XIV
Exchange rate arrangements
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 rate structure
Dual exchange rates
Multiple exchange rates
Arrangements for payments and receipts
Bilateral payments arrangements
Multiple exchange rates
Controls on payments for invisible transactions and current transfers
Proceeds from exports and/or invisible transactions
Repatriation requirements
Surrender requirements
Capital transactions
Controls on:
Capital market securities
Money market instruments
Collective investment securities
Derivatives and other instruments
Commercial credits
Financial credits
Guarantees, sureties, and financial backup facilities
Direct investment
Liquidation of direct investment
Real estate transactions
Personal capital movements
Provisions specific to:
Commercial banks and other credit institutions
Institutional investors
Keys and Footnotes
NepalNetherlandsNetherlands AntillesNew ZealandNicaraguaNigerNigeriaNorwayOmanPakistanPalauPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRomaniaRussian FederationRwandaSt. Kitts and NevisSt. LuciaSt. Vincent and the GrenadinesSamoaSan MarinoSāo Tomé PríncipeSaudi ArabiaSenegalSeychellesSierra LeoneSingaporeSlovak RepublicSloveniaSolomon IslandsSomaliaSouth AfricaSpainSri LankaSudanSurinameSwazilandSwedenSwitzerlandSyrian Arab RepublicTajikistanTanzaniaThailandTogoTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States
Status under IMF Articles of Agreement
Article VIII
Article XIV
Exchange rate arrangements
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 rate structure
Dual exchange rates
Multiple exchange rates
Arrangements for payments and receipts
Bilateral payments arrangements
Multiple exchange rates
Controls on payments for invisible transactions and current transfers
Proceeds from exports and/or invisible transactions
Repatriation requirements