Chapter

Appendix: Country Table Matrix

Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Published Date:
September 2003
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Status Under IMF Articles of Agreement
Article VIII
Article XIV
Exchange Arrangement
Currency
Other legal tender
Exchange rate structure
Unitary
Dual
Multiple
Classification
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 tax
Exchange subsidy
Forward exchange market
Official cover of forward operations
Arrangements for Payments and Receipts
Prescription of currency requirements
Controls on the use of domestic currency
For current transactions and payments
For capital transactions
Transactions in capital and money market instruments
Transactions in derivatives and other instruments
Credit operations
Use of foreign exchange among residents
Payments arrangements
Bilateral payments arrangements
Operative
Inoperative
Regional arrangements
Clearing agreements
Barter agreements and open accounts
Administration of control
International security restrictions
In accordance with IMF Executive Board Decision No. 144-(52/51)
In accordance with UN sanctions
Payments arrears
Official
Private
Controls on trade in gold (coins and/or bullion)
Controls on domestic ownership and/or trade
Controls on external trade
Controls on exports and imports of banknotes
On exports
Domestic currency
Foreign currency
On imports
Domestic currency
Foreign currency
Resident Accounts
Foreign exchange accounts permitted
Held domestically
Approval required
Held abroad
Approval required
Accounts in domestic currency held abroad
Accounts in domestic currency convertible into foreign currency
Nonresident Accounts
Foreign exchange accounts permitted
Approval required
Domestic currency accounts
Convertible into foreign currency
Approval required
Blocked accounts
Imports and Import Payments
Foreign exchange budget
Financing requirements for imports
Minimum financing requirements
Advance payment requirements
Advance import deposits
Documentation requirements for release of foreign exchange for imports
Domiciliation requirements
Preshipment inspection
Letters of credit
Import licenses used as exchange licenses
Other
Import licenses and other nontariff measures
Positive list
Negative list
Open general licenses
Licenses with quotas
Other nontariff measures
Import taxes and/or tariffs
Taxes collected through the exchange system
State import monopoly
Exports and Export Proceeds
Repatriation requirements
Surrender requirements
Financing requirements
Documentation requirements
Letters of credit
Guarantees
Domiciliation
Preshipment inspection
Other
Export licenses
Without quotas
With quotas
Export taxes
Taxes collected through the exchange system
Other export taxes
Payments for Invisible Transactions and Current Transfers
Controls on these transfers
Trade-related payments
Prior approval
Quantitative limits
Indicative limits/bona fide test
Investment-related payments
Prior approval
Quantitative limits
Indicative limits/bona fide test
Payments for travel
Prior approval
Quantitative limits
Indicative limits/bona fide test
Personal payments
Prior approval
Quantitative limits
Indicative limits/bona fide test
Foreign workers’ wages
Prior approval
Quantitative limits
Indicative limits/bona fide test
Credit card use abroad
Prior approval
Quantitative limits
Indicative limits/bona fide test
Other payments
Prior approval
Quantitative limits
Indicative limits/bona fide test
Proceeds from Invisible Transactions and Current Transfers
Repatriation requirements
Surrender requirements
Restrictions on use of funds
Capital Transactions
Controls on capital transactions
Controls on capital and money market instruments
On capital market securities
Shares or other securities of a participating nature
Purchase locally by nonresidents
Sale or issue locally by nonresidents
Purchase abroad by residents
Sale or issue abroad by residents
Bonds or other debt securities
Purchase locally by nonresidents
Sale or issue locally by nonresidents
Purchase abroad by residents
Sale or issue abroad by residents
On money market instruments
Purchase locally by nonresidents
Sale or issue locally by nonresidents
Purchase abroad by residents
Sale or issue abroad by residents
On collective investment securities
Purchase locally by nonresidents
Sale or issue locally by nonresidents
Purchase abroad by residents
Sale or issue abroad by residents
Controls on derivatives and other instruments
Purchase locally by nonresidents
Sale or issue locally by nonresidents
Purchase abroad by residents
Sale or issue abroad by residents
Controls on credit operations
Commercial credits
By residents to nonresidents
To residents from nonresidents
Financial credits
By residents to nonresidents
To residents from nonresidents
Guarantees, sureties, and financial backup facilities
By residents to nonresidents
To residents from nonresidents
Controls on direct investment
Outward direct investment
Inward direct investment
Controls on liquidation of direct investment
Controls on real estate transactions
Purchase abroad by residents
Purchase locally by nonresidents
Sale locally by nonresidents
Controls on personal capital transactions
Loans
By residents to nonresidents
To residents from nonresidents
Gifts, endowments, inheritances, and legacies
By residents to nonresidents
To residents from nonresidents
Settlement of debts abroad by immigrants
Transfer of assets
Transfer abroad by emigrants
Transfer into the country by immigrants
Transfer of gambling and prize earnings
Provisions specific to commercial banks and other credit institutions
Borrowing abroad
Maintenance of accounts abroad
Lending to nonresidents (financial or commercial credits)
Lending locally in foreign exchange
Purchase of locally issued securities denominated in foreign exchange
Differential treatment of deposit accounts in foreign exchange
Reserve requirements
Liquid asset requirements
Interest rate controls
Credit controls
Differential treatment of deposit accounts held by nonresidents
Reserve requirements
Liquid asset requirements
Interest rate controls
Credit controls
Investment regulations
Abroad by banks
In banks by nonresidents
Open foreign exchange position limits
On resident assets and liabilities
On nonresident assets and liabilities
Provisions specific to institutional investors
Limits (max.) on securities issued by nonresidents
Limits (max.) on investment portfolio held abroad
Limits (min.) on investment portfolio held locally
Currency-matching regulations on assets/liabilities composition
Other controls imposed by securities laws
Changes During 2002
Status under IMF Articles of Agreement
Exchange arrangement
Arrangements for payments and receipts
Resident accounts
Nonresident accounts
Imports and import payments
Exports and export proceeds
Payments for invisible transactions and current transfers
Proceeds from invisible transactions and current transfers
Capital transactions
Controls on capital and money market instruments
Controls on derivatives and other instruments
Controls on credit operations
Controls on direct investment
Controls on liquidation of direct investment
Controls on real estate transactions
Controls on personal capital transactions
Provisions specific to commercial banks and other credit institutions
Provisions specific to institutional investors
Other controls imposed by securities laws
Changes During 2003
Status under IMF Articles of Agreement
Exchange arrangement
Arrangements for payments and receipts
Resident accounts
Nonresident accounts
Imports and import payments
Exports and export proceeds
Payments for invisible transactions and current transfers
Proceeds from invisible transactions and current transfers
Capital transactions
Controls on capital and money market instruments
Controls on derivatives and other instruments
Controls on credit operations
Controls on direct investment
Controls on liquidation of direct investment
Controls on real estate transactions
Controls on personal capital transactions
Provisions specific to commercial banks and other credit institutions
Provisions specific to institutional investors
Other controls imposed by securities laws

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