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African Centre for Monetary Studies

Advance Cargo Information System (ACIS)

3. Advance Cargo Information Systems (ACIS)

The reforms should primarily promote the core issues of development, particularly in the areas of trade, money, finance, indebtedness, technology and information.

The ACIS Programme, already installed in 16 countries, provided advance information on cargoes and vehicles to consignees and transport operators.

Money

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Money

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Currencies

With inferior credit ratings and the expectation of national currency depreciation, they had paid interest rates that were four times higher than those paid by developed countries.

International Monetary Fund (IMF)

3. Advance Cargo Information Systems (ACIS) 14 18

If there is an omission or false information on the declaration, the money or instruments concerned shall be confiscated or handed over to the authorities for a criminal investigation.

Monetary Mystification

Currency of accounts

Currencies

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After Money

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Currency Symbols

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Target currency

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Select Currency

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(domestic currency)

Devaluation of the currency.

(Local currencies)

Management of currencies

E. Brau et al., Officially Supported Export Credits Developments and Prospects, IMF, 1995 IMF, World Economic and Financial Surveys, 1995.

These auditors have the necessary powers, and their nomination, which is submitted by the bank in question, is approved by the Currency and Credit Council (the Currency and Credit Council is the body that regulates the activities of monetary and credit institutions, defines and implements monetary policy, monitors the banking system, regulates deposit and compensation operations, oversees the banking profession and advises the Government on financial matters).

CONTRIBUTIONS TO PRODUCTIVE AND REPRODUCTIVE

Mr. J. P. Nicoson International Monetary Fund (IMF)

The deficiencies of current arrangements are why the world monetary system should be based on a truly global reserve currency a fiduciary currency backed by the world s central banks. This is what was hoped for when SDRs were created in the 1960 s, and this process must be completed by transforming the SDRs into such a global currency.