Chapter 2 Exchange Value of the Cedi The exchange rate of a country plays a major role in determining its import ... before world war I, the external value of all currencies was maintained by. fixing their prices in terms of gold (Kreinin, 1975) ac The price of each currency in terms of gold was known as its par value. ... In the 1960s the value of the cedi, in terms of the U.S. dollar was pegged at US$1.00=| 2Jb.
|Title||:||The Foreign Exchange Rate of the Cedi and International Trade of Ghana|
|Author||:||W. Asenso Okyere|