When faced with a sudden shock to its economy, a country can opt to implement a dual or multiple foreign exchange rate system. With this type of system, a country has more than one rate at which ...

This system introduced partial convertibility of rupee. Under this system, a dual exchange rate was fixed under which 40 per cent of foreign exchange earnings were to be surrendered at the ...

President Hugo Chavez said that the Bolivar would be devalued to 2.60 per US dollar from 2.15 per US dollar and a second exchange rate, known as the “oil dollar,” will be pegged at 4.3 per US ...

This brief considers the choice of an appropriate exchange rate regime—floating, managed or fixed arrangements—for individual countries in light of important changes that have taken place in the world ...

The following paper draws on material originally contained in IMF Working Paper 95/121, "Does the Nominal Exchange Rate Regime Matter?" by Atish R. Ghosh, Anne-Marie Gulde, Johathan D. Ostry, and ...