The deterioration of economic conditions over the past few years and the growing
depreciation pressures facing developing countries have led to a rise in the number of countries with active parallel currency markets. Currently, around 24 emerging and developing economies (EMDEs) have active parallel currency markets. In at least 14 of them, the exchange rate premium—the difference between the official and the parallel rate—is a material problem, exceeding 10 percent (see the table).
Tag Archives: Ajay Bnaga
Ajay Banga Selected 14th President of the World Bank
WASHINGTON, May 3, 2023 – The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023.
Netherlands for the World Bank 
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