International Monetary Fund Annual Report 1950.

This paper reviews key findings of the IMF's Annual Report for the fiscal year ended April 1950. The report highlights that the widespread devaluation of currencies that took place in September 1949 was the most far-reaching in any comparable period in recent times. Thirteen members agreed new...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1950.
Series:Annual Report of the Executive Board; Annual Report of the Executive Board ; No. 1950/001
Online Access:Full text available on IMF
Description
Summary:This paper reviews key findings of the IMF's Annual Report for the fiscal year ended April 1950. The report highlights that the widespread devaluation of currencies that took place in September 1949 was the most far-reaching in any comparable period in recent times. Thirteen members agreed new par values with the IMF, most of them involving a devaluation of approximately 30.5 percent in relation to the U.S. dollar. Six member countries with which the IMF has no agreed par value also depreciated their exchange rates.
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Physical Description:1 online resource (160 pages)
Format:Mode of access: Internet
ISSN:2227-8915
Access:Electronic access restricted to authorized BRAC University faculty, staff and students