Andorra Joins IMF as its 190th Member

IMF Reclassifies India's Exchange Rate Regime: Stabilised Arrangement Amid Divergent Views

Andorra has joined the International Monetary Fund (IMF), to become its 190th member. Andorra is a microstate situated between France and Spain. However, it is the largest microstate in Europe.

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IMF’s Membership allows the Andorran government to benefit from IMF policy advice, especially as the country tackles the crisis caused by COVID-19 and can now receive an annual review or “health check” of its economy by the IMF, tap technical assistance, and access IMF lending if needed.

Important takeaways for all competitive exams:

Capital of Andorra: Andorra la Vella.
The currency of Andorra: Euro.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.