Chapter

Summary Features of Exchange and Trade Systems in Member Countries

Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Published Date:
January 1995
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Summary Features of Exchange and Trade Systems in Member Countries1

(as of date shown on first country page)2

Afghanistan, Islamic State ofAlbaniaAlgeriaAngolaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamas, TheBahrainBangladeshBarbadosBelarusBelgium and LuxembourgBelizeBeninBhutanBoliviaBotswanaBrazilBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCentral African RepublicChadChileChinaColombiaComorosCongoCosta RicaCôte d’IvoireCroatiaCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFijiFinlandFranceGabonGambia, TheGeorgiaGermanyGhana
A. Acceptance of Article Status
1. Article VIII status
2. Article XIV status
B. Exchange Arrangement3
1. Exchange rate determined on the basis of:
(a) A peg to:
(i) the U.S. dollar
(ii) the pound sterling
(iii) the French franc
(iv) other currencies4
(v) a composite of currencies
(b) Limited flexibility with respect to:
(i) single currency
(ii) cooperative arrangement
(c) More flexible arrangements:
(i) adjusted according to a set of indicators
(ii) other managed floating
(iii) independently floating
2. Separate exchange rate(s) for some or all capital transactions and/or some or all invisibles
3. More than one rate for imports
4. More than one rate for exports
5. Import rate(s) different from export rate(s)
C. Payments Arrears
D. Bilateral Payments Arrangements
1. With members
2. With nonmembers
E. Payments Restrictions
1. Restrictions on payments for current transactions5
2. Restrictions on payments for capital transactions5, 6
F. Cost-Related Import Restrictions
1. Import surcharges
2. Advance import deposits
G. Surrender or Repatriation Requirement for Export Proceeds
Key and Footnotes
GreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Rep. ofIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKoreaKuwaitKyrgyz RepublicLao People’s Dem. Rep.LatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLithuaniaMacedonia, former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMicronesia, Fed. States ofMoldovaMongoliaMoroccoMozambiqueMyanmarNamibiaNepalNetherlandsNetherlands AntillesNew ZealandNicaraguaNigerNigeria
A. Acceptance of Article Status
1. Article VIII status
2. Article XIV status
B. Exchange Arrangement3
1. Exchange rate determined on the basis of:
(a) A peg to:
(i) the U.S. dollar
(ii) the pound sterling
(iii) the French franc
(iv) other currencies4
(v) a composite of currencies4
(b) Limited flexibility with respect to:
(i) single currency
(ii) cooperative arrangement
(c) More flexible arrangements:
(i) adjusted according to a set of indicators
(ii) other managed floating
(iii) independently floating
2. Separate exchange rate(s) for some or all capital transactions and/or some or all invisibles
3. More than one rate for imports
4. More than one rate for exports
5. Import rate(s) different from export rate(s)
C. Payments Arrears
D. Bilateral Payments Arrangements
1. With members
2. With nonmembers
E. Payments Restrictions
1. Restrictions on payments for current transactions5
2. Restrictions on payments for capital transactions5, 6
F. Cost-Related Import Restrictions
1. Import surcharges
2. Advance import deposits
G. Surrender or Repatriation Requirement for Export Proceeds
Key and Footnotes
NorwayOmanPakistanPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRomaniaRussian FederationRwandaSt. Kitts and NevisSt. LuciaSt. Vincent and GrenadinesSan MarinoSão Tomé and PríncipeSaudi ArabiaSenegalSeychellesSierra LeoneSingaporeSlovak RepublicSloveniaSolomon IslandsSomaliaSouth AfricaSpainSri LankaSudanSurinameSwazilandSwedenSwitzerlandSyrian Arab RepublicTajikistanTanzaniaThailandTogoTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamWestern SamoaYemen, Republic ofZaïreZambiaZimbabwe
A.Acceptance of Article Status
1.Article VIII status
2.Article XIV status
B.Exchange Arrangement3
1.Exchange rate determined on the basis of:
(a)A peg to:
(i)the U.S. dollar
(ii)the pound sterling
(iii)the French franc
(iv)other currencies4
(v)a composite of currencies
(b)Limited flexibility with respect to:
(i)single currency
(ii)cooperative arrangement
(c)More flexible arrangements:
(i)adjusted according to a set of indicators
(ii)other managed floating
(iii)independently floating
2.Separate exchange rate(s) for some or all capital transactions and/or some or all invisibles
3.More than one rate for imports
4.More than one rate for exports
5.Import rate(s) different from export rate(s)
C.Payments Arrears
D.Bilateral Payments Arrangements
1.With members
2.With nonmembers
E.Payments Restrictions
1.Restrictions on payments for current transactions5
2.Restrictions on payments for capital transactions5, 6
F.Cost-Related Import Restrictions
1.Import surcharges
2.Advance import deposits
G.Surrender or Repatriation Requirement for Export Proceeds
Key and Footnotes

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