The International Monetary Fund is considering ways of improving the flow of information about members' exchange rate policies.
The move follows the recent crisis in the Thai economy and concerns the available information was not comprehensive enough for the markets to make an informed opinion.
Michel Camdessus said: 'One of the lessons of the Thai crisis is the need for countries to be more pertinent and to inform better the markets. We are now considering the issues that are the next steps in this domain.' Surveillance procedures are reviewed every two years with the latest, concluded last April, resulting on improving the regular and timely report of economic data.
He said on issues such as reporting net foreign exchange positions the bank had received a wide range of views.
