Chapter

Analytical Appendix

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
September 1977
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Principal Features of Member Countries’ Restrictive Systems 1

(as at date of country survey) 2

AfghanistanAlgeriaArgentinaAustraliaAustria7BahamasBahrainBangladeshBarbadosBelgium-Luxembourg7BeninBoliviaBotswanaBrazil8BurmaBurundiCameroonCanadaCentral African EmpireChadChileChina, Republic ofColombiaCongo, People’s Rep. ofCosta RicaCyprus
1.Article VIII status
2.Article XIV status
3.Exchange rate maintained within relatively narrow margins3 in terms of:
(a)U.S. dollar







(b)sterling
(c)French franc
(d)Australian dollar, South African rand, or Spanish peseta
(e)a group of currencies (under mutual intervention arrangements)
(f)a composite of currencies

4.Exchange rate not maintained within relatively narrow margins as in (a)-(f) 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 transactions4
10.Restrictions exist on payments in respect of capital transactions4,5
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
17.Part of French Franc Area or U.K. Scheduled Territories
18.Participates in regional economic cooperation6
For key and footnotes, see page 520.
For key and footnotes, see page 520.
DenmarkDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEthiopia9FijiFinlandFranceGabonThe GambiaGermany, Fed. Rep. ofGhanaGreeceGrenadaGuatemalaGuineaGuyanaHaitiHondurasHong KongIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyIvory CoastJamaicaJapanJordan






For key and footnotes, see page 520.
For key and footnotes, see page 520.
KenyaKoreaKuwaitLebanonLesothoLiberiaLibyan Arab Rep.MadagascarMalawiMalaysiaMaliMaltaMauritaniaMauritiusMexicoMoroccoNepalNetherlandsNetherlands AntillesNew ZealandNicaraguaNigerNigeriaNorway
1.Article VIII status
2.Article XIV status
3.Exchange rate maintained within relatively narrow margins3 in terms of:
(a)U.S. dollar
(b)sterling
(c)French franc
(d)Australian dollar, South African rand, or Spanish peseta
(e)a group of currencies (under mutual intervention arrangements)
(f)composite of currencies





4.Exchange rate not maintained within relatively narrow margins as in (a)-(f) 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 transactions40
10.Restrictions exist on payments in respect of capital transactions4,50
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
17.Part of French Franc Area or U.K. Scheduled Territories
18.Participates in regional economic cooperation6
For key and footnotes, see page 520.
For key and footnotes, see page 520.
OmanPakistanPanamaPapua New GuineaParaguayPeru7PhilippinesPortugalQatarRomaniaRwandaSaudi ArabiaSenegalSierra LeoneSingapore7SomaliaSouth AfricaSpainSri LankaSudanSwazilandSwedenSyrian Arab Rep.TanzaniaThailandTogoTrinidad and TobagoTunisiaTurkeyUgandaUnited Arab EmiratesUnited KingdomUnited StatesUpper Volta






For key and footnotes, see page 520.
For key and footnotes, see page 520.
UruguayVenezuelaViet Nam10Western SamoaYemen Arab Rep.Yemen, Peop. Dem. Rep.YugoslaviaZaireZambia
1.Article VIII status
2.Article XIV status
3.Exchange rate maintained within relatively narrow margins3 in terms of:
(a)U.S. dollar
(b)sterling
(c)French franc
(d)Australian dollar, South African rand, or Spanish peseta
(e)a group of currencies (under mutual intervention arrangements)
(f)

a composite of currencies10







4.Exchange rate not maintained within relatively narrow margins as in (a)-(f) 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 transactions4
10.Restrictions exist on payments in respect of capital transactions4,5
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
17.Part of French Franc Area or U.K. Scheduled Territories
18.Participates in regional economic cooperation6
Key and Footnotes

indicates that practice exists; − indicates that practice does not exist; and 0 indicates that position is undetermined.

indicates that the rate for the U.S. dollar is changed at relatively short intervals.

indicates that the composite is the SDR.

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

In most cases, December 31, 1976. Where the date is a different one, this is indicated in a footnote.

Margins of approximately 2 ¼ per cent either side of parity.

Payments to member countries. Restrictions in the form of quantitative limits or undue delay other than restrictions imposed for security reasons.

Resident-owned funds.

Membership in, or association with, Anglo-Irish Free Trade Area, Arab Common Market, Asian Clearing Union, Association of South East Asian Nations, Australia-New Zealand Free Trade Agreement, Bangkok Agreement, Caribbean Common Market, Cartagena Agreement, Central African Customs and Economic Union, Central American Common Market, Common Organization of African and Mauritian States, Council for Mutual Economic Assistance, East African Community, Economic Community of West African States, European Economic Community, European Free Trade Association, Latin American Free Trade Association, League of Arab States, Rand Monetary Area (Lesotho, South Africa, and Swaziland), Regional Cooperation for Development (Iran, Pakistan, and Turkey), or West African Customs Union (or West African Economic Community).

Position on January 1, 1977.

The import surcharges do not affect any items bound under the GATT nor any items negotiated with LAFTA countries.

Position on January 8, 1977.

Applies to the South Vietnamese dong.

Key and Footnotes

indicates that practice exists; − indicates that practice does not exist; and 0 indicates that position is undetermined.

indicates that the rate for the U.S. dollar is changed at relatively short intervals.

indicates that the composite is the SDR.

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

In most cases, December 31, 1976. Where the date is a different one, this is indicated in a footnote.

Margins of approximately 2 ¼ per cent either side of parity.

Payments to member countries. Restrictions in the form of quantitative limits or undue delay other than restrictions imposed for security reasons.

Resident-owned funds.

Membership in, or association with, Anglo-Irish Free Trade Area, Arab Common Market, Asian Clearing Union, Association of South East Asian Nations, Australia-New Zealand Free Trade Agreement, Bangkok Agreement, Caribbean Common Market, Cartagena Agreement, Central African Customs and Economic Union, Central American Common Market, Common Organization of African and Mauritian States, Council for Mutual Economic Assistance, East African Community, Economic Community of West African States, European Economic Community, European Free Trade Association, Latin American Free Trade Association, League of Arab States, Rand Monetary Area (Lesotho, South Africa, and Swaziland), Regional Cooperation for Development (Iran, Pakistan, and Turkey), or West African Customs Union (or West African Economic Community).

Position on January 1, 1977.

The import surcharges do not affect any items bound under the GATT nor any items negotiated with LAFTA countries.

Position on January 8, 1977.

Applies to the South Vietnamese dong.

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