Annual Report on Exchange Arrangements and Exchange Restrictions
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
August 1985
DOI:
http://dx.doi.org/10.5089/9781616352011.012
ISBN:
9781616352011
ISSN:
0250-7366
Page:
568
This paper discusses developments in the international exchange rate and restrictive systems. Global output and trade recovered strongly in 1984, as inflation in the industrial countries remained relatively subdued and further progress in developing countries was made in tackling the problem of overindebtedness. Restrictive exchange practices in the form of multiple exchange rates have been substantially reduced in 1984. Multilateral restructurings of obligations have been large in 1983, amounting to some SDR 60 billion, as compared with SDR 6 billion in 1982.
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