Download or read book The Reform of Mechanisms for Foreign Exchange Allocation written by Eliana La Ferrara and published by World Bank Publications. This book was released on 1994 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides an analysis of the mechanisms for foreign exchange allocation used in trade policy reform and an assessment of their effectiveness. The case is strong for avoiding delay in moving to full currency convertibility in dismantling or modifying foreign exchange controls. Movement to a unified free market for exchange would be facilitated by changes in policies and in donor practice, so exchange can be channeled through private sellers.