This forced the introduction of a controlled flexible exchange rate . Despite this , the dollar depreciated further leading to the establishment of a fixed par value with fluctuation of 1 on either side by the government in consultation with IMF in 1962 . In the 1970s the inflation necessitated the formation of the Prices and Incomes Act and restricted monetary policy . Inflation was caused by the large capital inflows due to the attractive interest rates . The government in consultation with the IMF...











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