IV gold policy
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
01 Sep 1949
Keywords:
AR; AREA; The Fund; Fund member; fund; dollar; exchange rate; fund's facilities; price of gold; dollar price; view of the fund; premium price; Gold reserves; Inflation; Commodity markets

Abstract

During the past year, the Fund reviewed and decided to maintain the policy concerning external transactions in gold at premium prices, communicated to its members by letter dated June 18, 1947. In that letter, the Fund expressed its concern about such transactions on the grounds that they directly or indirectly involve exchange dealings at depreciated rates and thereby threaten to disturb exchange relationships among its members, and that they encourage evasion of measures designed to conserve monetary reserves. The Fund requested its members to take steps to prevent such transactions.

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Cover International Monetary Fund Annual Report 1949
International Monetary Fund Annual Report 1949
ISBN:
9781616351618
ISSN:
2227-8915
Publication Date:
01 Sep 1949
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351618.011
Pages:
128