01549cas a2200241 a 4500 AALejournalIMF007374 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854220 1018-5941 BD-DhAAL BD-DhAAL Huizinga, Harry. The Taxation Implicit in Two-Tiered Exchange Rate Systems / Harry Huizinga. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (26 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 A two-tiered exchange rate system can be interpreted as a set of separate taxes on money and other financial assets. If the official two-tiered exchange rate system coexists with a black market for foreign exchange, then there is implicit taxation of the international goods trade as well. This paper presents some evidence on the tax rates and tax revenues implicit in the exchange rate systems of The Bahamas (from 1978 to 1995), the Dominican Republic (from 1970 to 1984), and South Africa (from 1973 to 1995). Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/120 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/120/001.1996.issue-120-en.xml IMF e-Library