List of countries by exchange rate regime

This is a list of countries by their exchange rate regime.[1]

No legal tender of their own

US dollar as legal tender

  • British Virgin Islands
  • Caribbean Netherlands
  • Ecuador
  • El Salvador
  • Marshall Islands
  • Micronesia
  • Palau
  • Timor-Leste
  • Turks and Caicos Islands
  • Zimbabwe

Euro as legal tender

  • Andorra[2]
  • Kosovo
  • Monaco[2]
  • Montenegro
  • San Marino
  • Vatican City[2]

Australian dollar as legal tender

  • Kiribati[3]
  • Nauru[3]
  • Tuvalu[3]

Swiss franc as legal tender

  • Liechtenstein[4]

Currency board

US dollar as exchange rate anchor

  • Antigua and Barbuda (XCD)
  • Djibouti (DJF)
  • Dominica (XCD)
  • Grenada (XCD)
  • Hong Kong (HKD)
  • Saint Kitts and Nevis (XCD)
  • Saint Lucia (XCD)
  • Saint Vincent and the Grenadines (XCD)

Euro as exchange rate anchor

  • Bosnia and Herzegovina (BAM)
  • Bulgaria (BGN)

Singapore dollar as exchange rate anchor

  • Brunei (BND)

Conventional peg

US dollar as exchange rate anchor

  • Aruba (AWG)
  • The Bahamas (BSD)
  • Bahrain (BHD)
  • Barbados (BBD)
  • Belize (BZD)
  • Bermuda (BMD)[citation needed]
  • Curaçao (ANG)
  • Eritrea (ERN)
  • Jordan (JOD)
  • Oman (OMR)
  • Panama (PAB)
  • Qatar (QAR)
  • Saudi Arabia (SAR)
  • Sint Maarten (ANG)
  • South Sudan (SSP)
  • Turkmenistan (TMT)
  • United Arab Emirates (AED)
  • Venezuela (VEF)

Euro as exchange rate anchor

  • Benin (XOF)
  • Burkina Faso (XOF)
  • Cabo Verde (CVE)
  • Cameroon (XAF)
  • Central African Republic (XAF)
  • Chad (XAF)
  • Comoros (KMF)
  • Côte d’Ivoire (XOF)
  • Denmark (DKK)
  • Equatorial Guinea (XAF)
  • Gabon (XAF)
  • Guinea-Bissau (XOF)
  • Mali (XOF)
  • Niger (XOF)
  • Republic of Congo (XAF)
  • São Tomé and Príncipe (STD)
  • Senegal (XOF)
  • Togo (XOF)

Composite exchange rate anchor

  • Fiji (FJD)
  • Kuwait (KWD)
  • Libya (LYD)
  • Morocco (MAD)
  • Samoa (WST)

Other currency as exchange rate anchor

  • Bhutan (BTN)
  • Eswatini (SZL)
  • Lesotho (LSL)
  • Namibia (NAD)
  • Nepal (NPR)

Other

  • Solomon Islands (SBD)

Stabilized arrangement

US dollar as exchange rate anchor

  • Guyana (GYD)
  • Iraq (IQD)
  • Kazakhstan (KZT)
  • Lebanon (LBP)
  • Maldives (MVR)
  • Suriname (SRD)
  • Trinidad and Tobago (TTD)

Euro as exchange rate anchor

  • North Macedonia (MKD)

Composite exchange rate anchor

  • Singapore (SGD)
  • Vietnam (VND)

Monetary aggregate target

  • Bangladesh (BDT)
  • Burundi (BIF)
  • Democratic Republic of the Congo (CDF)
  • Guinea (GNF)
  • Sri Lanka (LKR)
  • Tajikistan (TJS)
  • Yemen (YER)

Other

  • Angola (AOA)
  • Azerbaijan (AZN)
  • Bolivia (BOB)

Crawling peg

US dollar as exchange rate anchor

  • Nicaragua (NIO)

Composite exchange rate anchor

  • Botswana (BWP)

Crawl-like arrangement

US dollar as exchange rate anchor

  • Honduras (HNL)
  • Jamaica (JMD)

Euro as exchange rate anchor

  • Croatia (HRK)

Monetary aggregate target

  • China (CNY)
  • Ethiopia (ETB)
  • Uzbekistan (UZS)

Inflation-targeting framework

  • Armenia (AMD)
  • Dominican Republic (DOP)
  • Guatemala (GTQ)

Other

  • Belarus (BYR)
  • Haiti (HTG)
  • Laos (LAK)
  • Switzerland (CHF)
  • Tunisia (TND)

Pegged exchange rate within horizontal bands

Composite exchange rate anchor

  • Tonga (TOP)

Other managed arrangement

US dollar as exchange rate anchor

  • Cambodia (KHR)
  • Liberia (LRD)

Composite exchange rate anchor

  • Algeria (DZD)
  • Iran (IRR)
  • Syria (SYP)

Monetary aggregate target

  • The Gambia (GMD)
  • Myanmar (MMK)
  • Nigeria (NGN)
  • Rwanda (RWF)

Inflation-targeting framework

  • Czech Republic (CZK)

Other

  • Costa Rica (CRC)
  • Kyrgyzstan (KGS)
  • Malaysia (MYR)
  • Mauritania (MRO)
  • Pakistan (PKR)
  • Sudan (SDG)
  • Vanuatu (VUV)

Floating

Monetary aggregate target

  • Afghanistan (AFN)
  • Kenya (KES)
  • Madagascar (MGA)
  • Malawi (MWK)
  • Mozambique (MZN)
  • Papua New Guinea (PGK)
  • Seychelles (SCR)
  • Sierra Leone (SLL)
  • Tanzania (TZS)
  • Ukraine (UAH)
  • Uruguay (UYU)

Inflation-targeting framework

  • Albania (ALL)
  • Argentina (ARS)
  • Brazil (BRL)
  • Colombia (COP)
  • Georgia (GEL)
  • Ghana (GHS)
  • Hungary (HUF)
  • Iceland (ISK)
  • Indonesia (IDR)
  • Israel (ILS)
  • South Korea (KRW)
  • Moldova (MDL)
  • New Zealand (NZD)
  • Paraguay (PYG)
  • Peru (PEN)
  • Philippines (PHP)
  • Romania (RON)
  • Serbia (RSD)
  • South Africa (ZAR)
  • Thailand (THB)
  • Turkey (TRY)
  • Uganda (UGX)

Other

  • India (INR)
  • Mauritius (MUR)
  • Mongolia (MNT)
  • Zambia (ZMW)

Free floating

Inflation-targeting framework

  • Australia (AUD)
  • Canada (CAD)
  • Chile (CLP)
  • Japan (JPY)
  • Mexico (MXN)
  • Norway (NOK)
  • Poland (PLN)
  • Sweden (SEK)
  • United Kingdom (GBP)
  • Morocco (MAD)

Other

  • European Union (EUR)
  • Austria
  • Belgium
  • Cyprus
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Latvia
  • Lithuania[5]
  • Luxembourg
  • Malta
  • Netherlands
  • Portugal
  • Slovakia
  • Slovenia
  • Spain
  • Egypt (EGP)
  • Russia (RUB)[6]
  • Somalia (SOS)
  • United States (USD)

References

  1. ^“Monetary Policy Framework” (PDF). Annual report on exchange arrangements and exchange restrictions 2014. International Monetary Fund. October 2014. p. 6.
  2. ^ Jump up to:ab c http://ec.europa.eu/economy_finance/euro/world/outside_euro_area/index_en.htm
  3. ^ Jump up to:ab c http://www.treasury.gov.au/PublicationsAndMedia/Publications/2010/Monetary-and-exchange-rate-policy/working-paper-2010-05/Exchange-rates
  4. ^“Archived copy”. Archived from the original on 2015-07-02. Retrieved 2015-07-02.
  5. ^https://www.bbc.com/news/world-europe-30635826
  6. ^“Russian central bank abandons rouble trading band, floats rouble”. Reuters. 10 November 2014. Retrieved 30 November 2017.

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