Get the emerging markets to move toward flexible exchange rates and independent central banks. (alephblog.com)
Most now operate a more flexible exchange rate regime, though a significant number have moved to the opposite extreme, relinquishing monetary sovereignty in favor of full monetary integration. (newyorkfed.org)
The President highlighted some of the obstacles to realizing the roadmap for the implementation of a single currency in the sub-region to include, diverse and uncertain macro — economic fundamentals of many countries, unrealistic inflation targeting based on flexible exchange rate regime and inconsistency with the African Monetary Co-operation Programme. (nigeriapoliticsonline.com)