Kingdom of Lesotho : Selected Issues and Statistical Appendix.

This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money mark...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2005.
Colecção:IMF Staff Country Reports; Country Report ; No. 2005/438
Acesso em linha:Full text available on IMF
Descrição
Resumo:This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money markets, but only through prescribed investments or approved securities that can be held by financial institutions in South Africa. Lesotho's exchange rate arrangement under the CMA shares certain characteristics of a currency board.
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Descrição Física:1 online resource (77 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students