18/1/2018 12:00 am
ABU DHABI –
The exchange rate policy, organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the International Monetary Fund (IMF) Center for Economics and Finance in the Middle East, was recently opened in Abu Dhabi and will continue until the 25th of this month.
A statement issued by the Fund on the Director of the Institute of Economic Policies d. Saud Al-Breikan delivered a speech on behalf of the Director-General of the Arab Monetary Fund, Abdulrahman bin Abdullah Al-Humaidi, in which he said: “The session is of particular importance, highlighting many issues related to the management of economic affairs in the wake of the global financial crisis and the consequent decline in growth Especially in large economies, which has led some countries into recession. ” Course Themes
“The course focuses on the fundamentals of the analysis of various exchange rate systems, how to read the international currency and exchange rate indices, as well as ways to determine the adequacy of foreign reserves of countries, the relationship between exchange rate policy and macroeconomic policies, , Basic data from the fixed-to-flexible exchange rate, and currency crisis indicators within the framework of the early warning system. ”
“The policy of exchange rate is one of the most important policies adopted by countries to maintain the stability of macroeconomic variables, the most important of which is inflation, which is one of the obstacles to economic growth,” adding that “control of inflation is through the adoption of a mix of monetary policy and more disciplined, Appropriate exchange rate policy “.
The statement pointed out that “the flow of capital significantly, in the presence of effective monetary policy, enables countries to avoid the consequences of these flows of high real exchange rates and thus reduce the competitiveness of their exports.”