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Everything posted by Jjonesmx

  1. 😁 The MCP policy is a cornerstone of the legal and policy framework for the Fund’s jurisdiction over exchange rates. WHY DOES THE FUND NEED AN MCP POLICY? 13. The prohibition of MCPs was part of a larger effort by the Fund to eliminate restrictions on current international payments and transfers after the destructive trade wars of the 1930s.10 During this period, which saw a variety of distortive trade barriers followed by waves of retaliatory tariffs, countries frequently established different rates of exchange for selectedcommodities to
  2. IMF. 2019 article IV consultation Some notes of mine I made it easy to follow along imo 🤓 Avail.....verb LITERARY help or benefit Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains one multiple currency practice (MCP) subject to Fund approval under Article VIII, Section 3. (30) (Sub note: 30) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx The a
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