"Their foreign exchange position is pretty good, and they have rescheduled their debt," he said.

The bank is responsible for managing the currency of Djibouti, the country's foreign exchange position and the national accounting.

Among the bank's responsibilities are managing Swaziland's foreign exchange position and safeguarding the country's foreign reserves of cash.

Commentators suggested that the shipment was designed to shore up the confidence of the international community in the face of India's precarious foreign exchange position.

Canadian exports had remained stagnant for most of the 1950s, constrained by the import restrictions that Australia imposed to protect sterling's weak foreign exchange position.

Set limits on the net foreign exchange position and on the terms and amount of external indebtedness of banks and other financial institutions.

To prescribe manner of operations for dealers and banks in foreign exchange transactions, set limits on foreign exchange positions of dealers and banks and perform their control.

In March, Mr. Beregovoy liberalized exchange controls by allowing French banks to lend money, in francs or other currencies, to nonresidents and also by lifting restrictions on the foreign exchange positions of French companies.