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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

On December 18, 1946, the International Monetary Fund announced the initial par values of the currencies of its members and stated that exchange transactions through the Fund would commence March 1, 1947. Eight of the member states — Brazil, China, Dominican Republic, Greece, Poland, Yugoslavia, France in respect of French Indo-China, and the Netherlands in respect of the Netherlands East Indies — requested and received from the Fund additional time for the determination of initial par values; the establishment of the par value for Uruguay's currency was postponed, pending the completion of certain legislative steps in that country.

Type
International Organizations: Summary of Activities: II. The Specialized Agencies
Information
International Organization , Volume 1 , Issue 2 , June 1947 , pp. 358
Copyright
Copyright © The IO Foundation 1947

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References

1 International Monetary Fund Press Release 4, December 18, 1946.

2 Ibid.

3 New York Times, February 27, 1947, p. 1.

4 International Monetary Fund Press Release 11, April 14, 1947.

5 SeeInternational Organization, I, p. 125.