01639cas a2200241 a 4500 AALejournalIMF001925 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848694 1018-5941 BD-DhAAL BD-DhAAL Kovanen, Arto. Reserve Requirementson Foreign Currency Deposits in Sub-Saharan Africa : Main Features and Policy Implications / Arto Kovanen. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the reserve requirement arrangements of sub-Saharan Africa, focusing on the differences between reserve requirements on domestic- and foreign-currency deposits. The reserve requirement systems in sub-Saharan Africa are relatively simple and transparent, but in some countries high unremunerated reserve ratios impose a significant implicit tax on the banks. The currency denomination of the foreign-currency reserve deposits raises concern in countries undergoing large macroeconomic changes or experiencing exchange rate volatility. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/065 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/065/001.2002.issue-065-en.xml IMF e-Library