Official and parallel rate generally unify at the parallel rate
The experience with unification indicates that it usually takes place at the parallel exchange rate.
Parallel exchange rates in developing
countries : lessons from eight case studies, Volume 1
Kiguel,
Miguel A.; O'Connell, Stephen A.;
Policy, Research working paper; no. WPS 1265
Nicolaas Smith
Copyright (c) 2005-2013 Nicolaas J Smith. All rights reserved. No reproduction without permission.
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