Kingdom of Lesotho: Selected Issues and Statistical Appendix

December 28, 2005

Summary

This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money markets, but only through prescribed investments or approved securities that can be held by financial institutions in South Africa. Lesotho’s exchange rate arrangement under the CMA shares certain characteristics of a currency board.

Subject: Currencies, Economic integration, Exchange rates, Exports, Foreign exchange, Health, HIV and AIDS, International trade, Monetary unions, Money

Keywords: adjustment effort, Africa, Aids, AIDS program, CMA agreement, CR, Currencies, currency, Exchange rates, Exports, garment sector, Global, HIV, HIV and AIDS, ISCR, Lesotho, Monetary unions, Southern Africa, Sub-Saharan Africa, trade preference

Pages:
77
Volume:
2005
DOI:
https://doi.org/10.5089/9781451823837.002
Issue:
438
Series:
Country Report No. 2005/438
Stock No:
1LSOEA2005002
ISBN:
9781451823837
ISSN:
1934-7685

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