| dc.creator | Vinnai, Volker | |
| dc.date | 2011-04-05T11:21:38Z | |
| dc.date | 2011-04-05T11:21:38Z | |
| dc.date | 1972 | |
| dc.date.accessioned | 2012-11-10T12:54:44Z | |
| dc.date.available | 2012-11-10T12:54:44Z | |
| dc.date.issued | 10-11-12 | |
| dc.identifier | Vinnai, Volker. (1972) The system of exchange control in Kenya. Discussion Paper 148, Nairobi: Institute for Development Studies, University of Nairobi | |
| dc.identifier | http://opendocs.ids.ac.uk/opendocs/handle/123456789/505 | |
| dc.identifier | 318653 | |
| dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/handle/123456789/1859 | |
| dc.description | The paper tries to give an analysis of the quantitative exchange
control system, which Kenya took over from the Colonial Administration at
independence. After presenting the legal framework of exchange control,
the paper discusses the provisions applied to the various international
transactions covered by exchange control. From this presentation it becomes
apparent, that the exchange control administration played in the past a
minor role in the formulation of policies for imports which in 1971 accounted
for 77% of all transactions in the current account. The bulk of the exchange
provisions center on invisible payments, which are normally granted upon
documentary proof or within specified limits. For the most important item
in this section, International Investment Income, the role of the exchange
control administration is reduced to policing the very liberal provisions
granted to investors under the foreign Investment Protection Act. The paper
closes with a discussion on how the present quantitative system of exchange
control could be improved. | |
| dc.language | en | |
| dc.publisher | Institute for Development Studies, University of Nairobi | |
| dc.relation | Discussion Papers;148 | |
| dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/ | |
| dc.rights | Institute for Development Studies, University of Nairobi | |
| dc.subject | Economic Development | |
| dc.subject | Finance | |
| dc.title | The system of exchange control in Kenya | |
| dc.type | Series paper (non-IDS) | |
