Chapter

Analytical Appendix

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
September 1980
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Summary Features of Member Countries’ Restrictive Systems1

(as at date of country survey)2

AfghanistanAlgeriaArgentinaAustraliaAustriaBahamasBahrainBangladeshBarbadosBelgium and LuxembourgBeninBoliviaBotswanaBrazilBurmaBurundiCameroonCanadaCape VerdeCentral African RepublicChadChileColombiaComorosCongoCosta Rica
1. Article VIII status
2. Article XIV status
3. Exchange rate maintained within relatively narrow margins4 in terms of:
(a) U.S. dollar
(b) sterling
(c) French franc
(d) Australian dollar, Portuguese escudo, South African rand, or Spanish peseta
(e) a group of currencies (under mutual intervention arrangements)
(f) a composite of currencies

(g) a set of indicators
4. Exchange rate not maintained within relatively narrow margins as in (a)–(e) above
5. Special exchange rate regime for some or all capital transactions and/or some or all invisibles
6. Import rate(s) different from export rate(s)
7. More than one rate for imports
8. More than one rate for exports
9. Restrictions exist on payments in respect of current transactions5
10. Restrictions exist on payments in respect of capital transactions5,60
11. Prescription of currency
12. Bilateral payments arrangements with members
13. Bilateral payments arrangements with nonmembers
14. Import surcharges
15. Advance import deposits
16. Surrender of export proceeds required
CyprusDenmarkDjibouti3DominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEthiopiaFijiFinlandFranceGabonThe GambiaGermany, Fed. Rep. ofGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyIvory CoastJamaica




0
JapanJordanKenyaKoreaKuwaitLao People’s Dem. Rep.LebanonLesothoLiberiaLibyan Arab JamahiriyaMadagascarMalawiMalaysiaMaldivesMaliMaltaMauritaniaMauritiusMexicoMoroccoNepalNetherlandsNetherlands AntillesNew ZealandNicaraguaNiger
1. Article VIII status
2. Article XIV status
3. Exchange rate maintained within relatively narrow margins4 in terms of:
(a) U.S. dollar
(b) sterling
(c) French franc
(d) Australian dollar, Portuguese escudo, South African rand, or Spanish peseta
(e) a group of currencies (under mutual intervention arrangements)
(f) a composite of currencies







(g) a set of indicators
4. Exchange rate not maintained within relatively narrow margins as in (a)–(g) above
5. Special exchange rate regime for some or all capital transactions and/or some or all invisibles
6. Import rate(s) different from export rate(s)
7. More than one rate for imports
8. More than one rate for exports
9. Restrictions exist on payments in respect of current transactions5
10. Restrictions exist on payments in respect of capital transactions5,6
11. Prescription of currency
12. Bilateral payments arrangements with members
13. Bilateral payments arrangements with nonmembers
14. Import surcharges
15. Advance import deposits
16. Surrender of export proceeds required
NigeriaNorwayOmanPakistanPanamaPapua New GuineaParaguayPeruPhilippinesPortugalQatarRomaniaRwandaSt. Lucia3St. Vincent3São Tomé and PrincipeSaudi ArabiaSenegalSeychellesSierra LeoneSingaporeSolomon IslandsSomaliaSouth AfricaSouthern RhodesiaSpainSri LankaSudanSurinameSwazilandSwedenSyrian Arab Rep.TanzaniaThailandTogoTrinidad and TobagoTunisiaTurkey






UgandaUnited Arab EmiratesUnited KingdomUnited StatesUpper VoltaUruguayVenezuelaViet NamWestern SamoaYemen Arab Rep.Yemen, Peop. Dem. Rep.YugoslaviaZaïreZambia
1. Article VIII status
2. Article XIV status
3. Exchange rate maintained within relatively narrow margins4 in terms of:
(a) U.S. dollar
(b) sterling
(c) French franc
(d) Australian dollar, Portuguese escudo, South African rand, or Spanish peseta
(e) a group of currencies (under mutual intervention arrangements)
(f) a composite of currencies









(g) a set of indicators
4. Exchange rate not maintained within relatively narrow margins as in (a)-(g) above
5. Special exchange rate regime for some or all capital transactions and/or some or all invisibles
6. Import rate(s) different from export rate(s)
7. More than one rate for imports
8. More than one rate for exports
9. Restrictions exist on payments in respect of current transactions5
10. Restrictions exist on payments in respect of capital transactions5,6
11. Prescription of currency
12. Bilateral payments arrangements with members
13. Bilateral payments arrangements with nonmembers
14. Import surcharges
15. Advance import deposits
16. Surrender of export proceeds required
Key and Footnotes• indicates that practice exists.– indicates that practice does not exist.0 indicates that position is undetermined.□ indicates that the composite is the SDR.

Practices indicated as existing do not necessarily apply to all transactions.

At December 31, 1979.

Country had not yet opted for Article VIII or Article XIV by December 31, 1979.

Margins of approximately 2.25 per cent either side of parity.

Restrictions on payments to member countries in the form of quantitative limits or undue delay, other than restrictions imposed for security reasons under Executive Board Decision No. 144-(52/51), adopted August 14, 1952.

Resident-owned funds.

Key and Footnotes• indicates that practice exists.– indicates that practice does not exist.0 indicates that position is undetermined.□ indicates that the composite is the SDR.

Practices indicated as existing do not necessarily apply to all transactions.

At December 31, 1979.

Country had not yet opted for Article VIII or Article XIV by December 31, 1979.

Margins of approximately 2.25 per cent either side of parity.

Restrictions on payments to member countries in the form of quantitative limits or undue delay, other than restrictions imposed for security reasons under Executive Board Decision No. 144-(52/51), adopted August 14, 1952.

Resident-owned funds.

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