Does this country participate in a regional monetary system

Select a country other than the USA that is a member of the International Monetary Fund. Consider using the country you researched for the Unit 1 Discussion (I used Spain, please keep it). The website for the IMF is: www.imf.org
Answer the following questions:

1. Does this country participate in a regional monetary system to manage exchange rates?
2. How have inflation and interest rates affected the nation’s exchange rate with other currencies?
3. What impact has the country’s exchange rate had on its imports and exports?
4. How has the exchange rate recently affected:
   1. The activities of companies operating in the country?
   2. The purchasing power of consumers?
5. What is the forecasted exchange rate for the upcoming months and year?

Requirements

1. Write your answers in complete sentences.
2. Justify and support your responses using information found in your text and through research.
3. Avoid copying text directly from the textbook. This is considered plagiarism and is not acceptable. Write your answers in your own words.