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Main Features of Exchange Systems
Summary Features of Exchange Systems of Selected
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12 months Authorized banks Authorized dealers Bank Indonesia Bank provided Bank's billion borrowing Central Bank commercial banks cover scheme covered interest parity currency options debtor December depreciation deutsche mark developing countries domestic currency Exchange Arrangements exchange controls exchange cover Exchange Rate Guarantees exchange rate risk exchange risk exporters FICORCA foreign currency foreign exchange market forward contracts forward discount forward ex forward exchange contracts forward exchange facilities forward exchange market forward exchange rates forward market forward premiums forward rates forward transactions France futures hedging importers industrial countries interbank interest differentials interest parity condition interest rate International Monetary Fund kets limit loans losses margin maturity of forward ments mercial nonresidents obligations official forward operations payments percent per annum permitted peso private sector provided forward cover rescheduled Reserve Bank selling rate Singapore six months spot and forward spot exchange rate spot market spot rate tions trade U.S. dollar Yes No Yes