Industrial countries—with the notable exception of EMS members in their arrangements with each other—have traditionally favored more flexible exchange rate arrangements in the post-Bretton Woods era, ...

In light of these changes, should they also consider making their exchange rate policies more flexible? At present, exchange rate regimes in the region include a currency board (Djibouti), variants of ...

On the other hand, the central bank has also decided to make the exchange rate of the dollar more market-oriented. From January 12 onwards it will announce a daily benchmark reference exchange rate.

After a nudge from the International Monetary Fund, the central bank ditched the crawling peg exchange rate regime for a more flexible approach. It may sound promising. Not quite. For all latest ...