Exchange Rate Developments and Policies in the Caucasus and Central Asia |
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| Editor:
| International Monetary Fund, |
| Series title: | Departmental Papers |
| ISBN: | 978-1-5135-4303-1 |
| Publication Date: | May 2016 |
| Publisher: | International Monetary Fund
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| Book Format: | Paperback |
| List Price: | USD $25.00 |
Book Description:
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Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in Russia and China, depreciation of the Russian ruble, and appreciation of the U.S. dollar, to which CCA currencies have historically been linked.
Since late 2014, exchange rates (ERs) and ER regimes of the Caucasus and Central Asia (CCA) countries have come under strong pressure. This reflects the decline of oil and other commodity prices, weaker growth in Russia and China, depreciation of the Russian ruble, and appreciation of the U.S. dollar, to which CCA currencies have historically been linked.