publication . Preprint . 1993

Introduction of a New National Currency; Policy, Institutional, and Technical Issues

Hernán Cortés Douglas; Richard K. Abrams;
Open Access
  • Published: 01 Jun 1993
Abstract
In the last few years, a number of countries in the Former Soviet Union and Eastern Europe have become independent or regained their independence. Many have chosen to issue their own currencies and more are likely to do so. This paper draws on these and earlier experiences in order to summarize the main policy and institutional arrangements necessary for the introduction of a new currency and to discuss the key features of, and procedures for, the conversion. The paper is designed as a working document for those involved with currency reforms to help ensure that all the necessary steps are taken prior to, during, and immediately after the introduction of a new c...
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