Foreign Exchange Intervention - Bank of Sierra Leone

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2. (Cont’d.) EXCHANGE RATE Definition An Exchange rate is the price of one foreign currency in term of another currency at a particular date. For example the official BSL Leone per US dollar exchange rate as at 16-09- 05 is Le2,883.72 (buying) and Le2941.98 (selling). 4
3. RELEVANCE OF FOREIGN EXCHANGE RATES TO THE GOVERNMENT Foreign Exchange rates are of particular concern to governments because changes in foreign exchange rates affect the value of products and financial instruments. As a result, unexpected or large changes can affect the health of nations’ markets and financial systems. Exchange rate changes also impact a nations’ international investment flows, as well as export and import prices. These factors, in turn, can influence inflation and economic growth. In the light of these different Exchange regimes have existed. 5
Page 1 and 2: 1. THE EFFECTIVENESS OF FOREIGN EXC
Page 3: 2. FOREIGN EXCHANGE INTERVENTION De
Page 7 and 8: 4. (Cont’d.) DEVELOPMENTS OF FORE
Page 9 and 10: 5 (Cont’d.) The latter is amenabl
Page 11 and 12: 6. (Cont’d.) WHY DO POLICYMAKERS
Page 13 and 14: THEORETICAL FRAMEWORK OF FX 8. INTE
Page 15 and 16: 8. (Cont’d.) THEORETICAL FRAMEWOR
Page 17 and 18: 10. 1. The Starting Point Review of
Page 19 and 20: 10. (Cont’d.) What if the monetar
Page 21 and 22: 11. IS FOREIGN EXCHANGE INTERVENTIO
Page 23 and 24: 12. THE EFFECTIVENESS OF FOREIGN EX
Page 25 and 26: 13.(Cont’d.) Secondly, using mark

Foreign Exchange Intervention - Bank of Sierra Leone

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