Currency Convertibility in the Middle East and North Africa

Books, November 5, 1996

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Currency Convertibility in the Middle East and North Africa

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Bibliographic details

• Published: November 5, 1996
• Series: Books
• DOI: https://doi.org/10.5089/9781557755643.071

Overview

• Currency convertibility is described as a far-reaching instrument to facilitate integration into the global economy.
• With convertibility, a country can gain the benefits of increased freedom in capital movements and of fostering trade and financial linkages worldwide.
• The volume reproduces papers presented at a seminar sponsored by the Arab Monetary Fund and the IMF, held in Marrakesh, Morocco.
• Editors: Manuel Guitián and Saleh M. Nsouli.

Key themes and findings (as presented)

• The seminar discussed the theoretical and empirical aspects of currency convertibility in the Arab countries.
• Expected benefits highlighted:
  • Increased freedom in capital movements.
  • Fostering trade linkages worldwide.
  • Fostering financial linkages worldwide.

Practical implications emphasized

• Policy focus: consideration of convertibility to promote integration with the global economy.
• Analytical focus: examination of both theoretical and empirical evidence on convertibility for Arab countries, as presented in the seminar papers.

Source: Currency Convertibility in the Middle East and North Africa, International Monetary Fund, November 5, 1996. https://www.imf.org/en/publications/books/issues/2016/12/30/currency-convertibility-in-the-middle-east-and-north-africa-1539