TY - BOOK ID - 134568512 TI - Annual Report on Exchange Arrangements and Exchange Restrictions 1974. PY - 1974 SN - 1475547668 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign exchange KW - Foreign exchange administration. KW - Law and legislation. KW - Banking KW - Banks and Banking KW - Banks and banking KW - Banks KW - Currencies KW - Currency KW - Depository Institutions KW - Exports and Imports KW - Exports KW - Foreign Exchange KW - Government and the Monetary System KW - Imports KW - International economics KW - International Trade Organizations KW - Micro Finance Institutions KW - Monetary economics KW - Monetary Systems KW - Money and Monetary Policy KW - Money KW - Mortgages KW - Payment Systems KW - Public finance & taxation KW - Regimes KW - Standards KW - Taxation KW - Trade Policy KW - Trade: General KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:134568512 AB - This paper discusses that with inflows of capital showing some further expansion, the combined overall balance of payments surplus of the developing countries remained high. Most of the countries that use the French franc, pound sterling, or the US dollar as their intervention currency continue to do so with no change in the relationship between their own currency and the intervention currency involved. However, some countries like Jamaica re-pegged from sterling to the US dollar. Despite the flexible exchange rate regime operating in relation to the major currencies, measures to curb capital inflows, particularly those on short-term funds taken in 1971 and strengthened thereafter, were not relaxed in general until after mid-1973. The first relaxation came after a strengthening of the US dollar against the major European currencies in the third quarter of the year. During the period under review the Bahamas became a member of the IMF, raising total membership to 126 countries. ER -