"Ethiopia on the other hand has a heavily managed currency
and Nigeria operates a similarly-interventionist multiple exchange rate regime," said Benedict Craven, Middle East and Africa Country Risk Manager at The Economist Intelligence Unit.
ISLAMABAD -- Pakistan has hinted at adopting a more flexible exchange rate policy by moving away from a managed currency
regime, as the country vies for an early deal with the International Monetary Fund (IMF).
ANZ senior China economist Betty Wang said Beijing will likely resist using its closely managed currency
as a tool in the trade war.
The midpoint for the tightly managed currency
was set at 6.5637 per dollar on Friday, weaker than the previous fix of 6.5616 but 253 pips stronger than Thursday's closing quote 6.5890.
The People's Bank of China set the midpoint for the tightly managed currency
at 6.5616 per dollar on Thursday, firmer than the previous fix of 6.563 and Wednesday's close of 6.5743.
"Our findings suggest that actively managed currency
strategies can significantly reduce volatility and minimize drawdowns in portfolios, and that viewing risk dynamics as a trading signal can generate consistent alpha over time," they explained.
Historically, businesses have usually managed currency
and interest rate risks separately from commodity risks because their treasury and procurement functions have operated separately.
He explains that with a heavily managed currency
regime, an unsustainable downward trend in foreign reserves is generally the prelude to devaluation.
The yen is a managed currency
and Japan is a managed economy.
We have an approach for having a managed currency
exchange rate vis a vis the US dollar, because Lebanon is essentially dollarized and therefore we have prevented speculation in the currency and eliminated a lot of the distortions that could have happened because of speculation especially when we have incidents in the country that can create fear for depositors.
"A few emerging markets are running tightly managed currency
regimes," said US Treasury secretary Tim Geithner at this weekend's meeting of the International Monetary Fund in Washington, clearly referring to China's continued 'Dollar-peg' strategy for keeping its exports competitive via the exchange rate.
Inconsistency in exchange rate policies is the most important problem in the international monetary system, with some countries running tightly managed currency
regimes that harm the global economy, U.S.