e it clear that the country was adopting a managed Float as opposed to pure float or fixed exchange rate regimes. Managed Float regime is when exchange rates fluctuate, but a central bank can influence the exchange rates by buying and selling currencies. The official bank rate against U.S dollar at the time was set at SSPs 2.96/$. More than 3 years later, the official rate has remained the same although the parallel rates in black markets have fluctuated between 3.5 to 7.2 SSP per dollar. In a nutshell, 2.9