01736cas a2200241 a 4500 AALejournalIMF019397 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498318860 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Legal Dept. Review Of The Fund's Policy On Multiple Currency Practices : Initial Considerations. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (130 pages) Policy 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 Fund's policy on multiple currency practices (MCPs). There remain strong economic and legal reasons to retain a policy on MCPs. The over-arching aim of the review is to make the policy and its application more effective. Based on this review, the paper proposes initial considerations for reforming features of the policy that have created challenges. -- Clarifying the concept of 'official action' to focus on measures that segment FX markets. -- Eliminating potentiality. -- Updating the threshold for permissible FX spreads. -- Adjusting approval policies. -- Reviewing links with capital transactions. -- Considering merits of a remedial framework. Mode of access: Internet Policy Papers; Policy Paper ; No. 2019/015 Full text available on IMF http://elibrary.imf.org/view/journals/007/2019/015/007.2019.issue-015-en.xml IMF e-Library