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CIA Reading Room cia-rdp85t00875r001900020054-7: OIL PRODUCERS' EXCHANGE RATE POLICIES

Approved For Release 2005/08/22: CIA-RDP85TOO875ROO1900020054-7 4 April 1974 0TAT STAT ME?IORANDUM FOR: Mr. Richard Erb Council on International Economic Policy Old Executive Office But1ding SUBJECT : Oil Producers' Exchange Rate Policies 1. This memorandum is in response to your request of 28 :March for information on exchange rate policies of the major OPEC countries. 2. Exchange rate movemexAts have varied among OPEC members. The major Arab producers and Nigeria have generally pegged their currencies to gold (see Table 1). While sizable adjustments have occurred in the dollar rates of these…