Kingdom of Lesotho : Selected Issues and Statistical Appendix

Author/Editor:

International Monetary Fund

Publication Date:

December 28, 2005

Electronic Access:

Free Full Text (PDF file size is 359 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 05/438

Subject:

English

Publication Date:

December 28, 2005

ISBN/ISSN:

9781451823837/1934-7685

Stock No:

1LSOEA2005002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

77

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