Hidden Bibliographic Details
| Other authors / contributors: | Guitián, Manuel, editor.
Nsouli, Saleh M., editor.
International Monetary Fund, issuing body.
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| ISBN: | 9781455292073
1455292079
1283537745
9781283537742
1557755647
9781557755643
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| Notes: | Includes bibliographical references.
Print version record.
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| Summary: | Currency convertibility -- defined in the broadest sense as the right to convert freely and without limit a currency into any other at the prevailing exchange rate -- is the linchpin of today's globalized world economy. To assess the importance of convertibility, it is only necessary to point out that a system of well-managed convertible national currencies imparts to the international arena advantages analogous to those resulting from the introduction of money in a national economy, most notably, the elimination of barter (and the need for coincidence of needs) as a basis for international trade and the provision of an instrument for the development of financial markets.
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| Other form: | Print version: Currency convertibility in the Middle East and North Africa. Washington : International Monetary Fund, 1996 9781557755643
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