Soft-dollar pegs not optimal in Sub-Saharan Africa: IMF paper

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An International Monetary Fund paper, published on Tuesday, says that while soft-pegging the currencies of Sub-Sahara African countries to the dollar may limit exchange rate volatility, it is not the best fit for these countries.

Slavi Slavov, the paper's author, investigates the "fear of floating" phenomenon in 22 Sub-Sahara African countries with de jure floating exchange rate regimes. The author notes that data over the past decade reveals that in most cases these exchange rate regimes can be

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