Morocco Trip - Striving for currency convertibility in North Africa.: An article from: Finance & Development
![Striving for currency convertibility in North Africa.: An article from: Finance & Development]()
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Manufacturer: International Monetary Fund
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Binding: Digital
Brand: The Gale Group
Format: HTML
Label: International Monetary Fund
Manufacturer: International Monetary Fund
Number Of Pages: 10
Publication Date: 1992-12-01
Publisher: International Monetary Fund
Release Date: 2005-07-28
Studio: International Monetary Fund
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This digital document is an article from Finance & Development, published by International Monetary Fund on December 1, 1992. The length of the article is 2940 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Algeria, Morocco and Tunisia have implemented policies to lay the foundations for current convertibility. Current convertibility allows consumers and producers to make decisions based on price signals, increases competition by removing foreign exchange restrictions and promotes a positive environment for investments. The four preconditions of covertibility are internal financial balance to avoid excessive inflation, external financial balance by setting the exchange rate that clears the demand and supply of foreign exchange, maintenance of an adequate level of reserves and liberalized incentive systems. The three countries have met these preconditions by improving their budgets, following flexible exchange rates and applying reforms such a liberalizing prices, reforming the financial sector and reducing import tariffs.
Citation Details
Title: Striving for currency convertibility in North Africa.
Author: Saleh Nsouli
Publication: Finance & Development (Magazine/Journal)
Date: December 1, 1992
Publisher: International Monetary Fund
Volume: v29 Issue: n4 Page: p44(4)
Distributed by Thomson Gale
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