Suppose that you are a member of a national committee to regulate the informal market of foreign currency (“Square” Market in ALGERIA). What are your first three decisions?
Peterson K. Ozili
1. Ban the sale of physical FX and withdraw all physical FX from circulation
2. The central bank should make FX available to citizens and dealers via bank transfers ONLY.
3. The dealers should give FX to end-users by paying FX digitally into the bank account of users
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Jan Jansen
No decisions yet, but observations:
1. Inflation rate of Algeria with the most important trade partners
2. capital account of bop of Algeria (including FDI)
3 current account of bop of Algeria
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