Annual Report on Exchange Arrangements and Exchange Restrictions 1958. PDF
Preview Annual Report on Exchange Arrangements and Exchange Restrictions 1958.
NINTH ANNUAL REPORT ON EXCHANGE RESTRICTIONS 1958 ©International Monetary Fund. Not for Redistribution This page intentionally left blank ©International Monetary Fund. Not for Redistribution INTERNATIONAL MONETARY FUND Ninth Annual Report on Exchange Restrictions 1958 Washington, D. C. ©International Monetary Fund. Not for Redistribution This page intentionally left blank ©International Monetary Fund. Not for Redistribution Letter of Transmittal to Members and Governors of the Fund May 5, 1958 Dear Sir: I have the honor to transmit to you a copy of the International Monetary Fund's Ninth Annual Report on Exchange Restrictions, which has been prepared in accordance with the provisions of Article XIV, Section 4, of the Articles of Agreement. On behalf of the Executive Board, I should like to express our appreciation of the cooperation of the members in the preparation of the second part of the Report. Sincerely yours, /8/ PEE JACOBSSON Chairman of the Executive Board and Managing Director V ©International Monetary Fund. Not for Redistribution This page intentionally left blank ©International Monetary Fund. Not for Redistribution CONTENTS Part I. Recent Developments in Exchange Restrictions Page General Developments 1 Transf erability 2 Bilateral Arrangements 3 Restrictions on Trade and Payments and Dollar Discrimination 3 Regional Developments 4 Multiple Currency Practices 5 Advance Deposits 6 Exchange Markets for European Currencies 7 Other Developments 9 Summary 10 Part II. Country Surveys Explanatory Note 15 Countries Operating Under Article XIV Afghanistan 19 Argentina 23 Australia 32 Austria 37 Belgium-Luxembourg 44 Bolivia 53 Brazil 55 Burma 65 Ceylon 68 Chile 74 China (Taiwan) 81 Colombia 86 Costa Rica 94 Denmark 98 vii ©International Monetary Fund. Not for Redistribution Page Ecuador 106 Egypt 112 Ethiopia 120 Finland 123 France 129 Germany, Federal Republic of 140 Ghana 150 Greece 153 Hong Kong 156 Iceland 161 India 164 Indonesia 171 Iran 182 Iraq 186 Ireland 189 Israel 194 Italy 202 Japan 210 Jordan 216 Korea, Republic of 220 Lebanon 223 Malaya, Federation of 225 Morocco 227 Netherlands 229 Nicaragua 240 Norway 244 Pakistan 249 Paraguay 255 Peru 258 Philippine Republic 261 Saudi Arabia 267 Sudan 271 viii ©International Monetary Fund. Not for Redistribution Page Sweden 273 Syria 280 Thailand 282 Tunisia 285 Turkey 288 Union of South Africa 295 United Kingdom 299 Uruguay 310 Viet-Nam, Republic of 318 Yugoslavia 325 "Article VIII Countries" Canada 335 Cuba 337 Dominican Republic 340 El Salvador 342 Guatemala 344 Haiti 346 Honduras 348 Mexico 350 Panama 352 United States 353 Venezuela 355 Nonmember Countries Cambodia 361 Laos 365 Liberia 368 Libya 369 New Zealand 371 Portugal 374 Spain 377 Switzerland 382 IX ©International Monetary Fund. Not for Redistribution
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