01580cas a2200241 a 4500 AALejournalIMF003950 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451823837 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Kingdom of Lesotho : Selected Issues and Statistical Appendix. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (77 pages) IMF Staff Country Reports <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 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/438 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/438/002.2005.issue-438-en.xml IMF e-Library