22.01 The present chapter considers the impact of public international law in relation to the monetary conduct of States.1 It should be explained that ‘monetary conduct’ in this context refers to the manner in which a State may seek to exercise its monetary sovereignty, for example, by seeking to fix the exchange rate of its own currency by reference to the unit of account of another State or by imposing exchange controls. The rules of public international law to be discussed in this chapter will be those rules which either circumscribe or facilitate the exercise...
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