Front Matter

Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Published Date:
January 1988
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ANNUAL REPORT ON EXCHANGE ARRANGEMENTS AND EXCHANGE RESTRICTIONS 1988

ANNUAL REPORT ON EXCHANGE ARRANGEMENTS AND EXCHANGE RESTRICTIONS 1988

Washington, D.C.

© 1988 International Monetary Fund

Price: US$15.00 (US$8.00 to university libraries, faculty members, and students).

Address orders to:

International Monetary Fund

Attention: Publication Services

Washington, D.C. 20431

U.S.A.

International Monetary Fund.

Annual report on exchange arrangements and exchange restrictions. 1979—

Continues: International Monetary Fund. Annual report on exchange restrictions, 1950–1978

1. Foreign exchange — Law and legislation — Periodicals. 2. Foreign exchange — Control — Periodicals. I. Title.

K4440.A13 157 [date] 341.7’51 79-644506

ISSN 0250-7366

ISBN 1-55775-026-2

Letter of Transmittal to Members and Governors of the Fund

June 20, 1988

Dear Sir:

I have the honor to transmit to you a copy of the International Monetary Fund’s Annual Report on Exchange Arrangements and Exchange Restrictions, 1988, which has been prepared in accordance with the provisions of Article XIV, Section 3 of the Articles of Agreement.

On behalf of the Executive Board, I should like to express our appreciation of the cooperation of the countries in the preparation of the second half of the Report.

Sincerely yours,

/s/

Michel Camdessus

Chairman of the Executive Board

and Managing Director

Contents

Preface

The Annual Report on Exchange Arrangements and Exchange Restrictions has been published annually by the Fund since 1950. It draws on information available to the Fund from a number of sources, including that provided in the course of official visits to member countries, and it has been prepared in close consultation with national authorities.

The project is coordinated in the Exchange Restrictions Division of the Exchange and Trade Relations Department. It draws on the specialized contributions of staff of that Department (for specific countries), with assistance from staff members of the Fund’s five Area Departments, together with staff of other Departments.

*

The Fund has not received from the authorities of Democratic Kampuchea the information required for a description of the exchange and trade system as of December 31, 1987.

Note: The term “country,” as used in this publication, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states but for which statistical data are maintained and provided internationally on a separate and independent basis.

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