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International Monetary Fund. African Dept.

there are no stark signs of segmentation in the banking sector. Barriers to entry, at least de jure, are minimal. Role in channeling foreign exchange. 4. Commercial banks play an important role in facilitating the flow of foreign exchange across agents in the economy. But the ultimate control over the official exchange rate at which these flows take place, as well as the sectors and firms that can receive FX via the official foreign exchange market, is heavily regulated by the central bank. Banking Health Indicators and Vulnerabilities 5. Despite the