ANNUAL REPORT
1949
INTERNATIONAL
MONETARY FUND
ANNUAL REPORT
of the executive directors
for the fiscal year ended
APRIL 30, 1949
washington, u.s.a.
Contents
Letter of Transmittal
I. The International Payments Problem
II. Exchange Policy and Par Values
III. Exchange Restrictions
IV. Gold Policy
V. Monetary Reserves and Fund Resources
VI. Membership, Organization, and Administration
APPENDICES
I. Statement on Change in the Par Value of the Colombian Peso
II. Statement on Change in the Par Value of the Currency of French Somaliland
III. Statement on Revisions in the Exchange System of Colombia
IV. Statement on Changes in the Exchange System of France
V. Statement on Revisions in the Exchange System of Peru
VI. Statement by the Managing Director on Consultations with the Union of South Africa
VII. Membership, Quotas, Governors, and Voting Power
VIII. Changes in Membership of the Board of Governors
IX. Executive Directors and Voting Power
X. Changes in Membership of the Executive Board
XI. Exchange of Letters between the Fund and the Contracting Parties to the General Agreement on Tariffs and Trade
XII. Statement on Technical Assistance for Economic Development of Under-Developed Countries
XIII. Repurchase Obligations
XIV. Letter to Members on Unenforceability of Exchange Contracts
XV. Administrative Budget
XVI. Balance Sheet, Statement of Income and Expense and Supporting Schedules
XVII. Schedule of Par Values
Index
LETTER OF TRANSMITTAL TO THE BOARD OF GOVERNORS
July 15, 1949
My dear Mr. Chairman:
In accordance with Section 10 of the By-Laws of the International Monetary Fund, I have the honor to present to the Board of Governors the Annual Report of the Executive Directors for the fiscal year ended April 30, 1949.
Yours sincerely,
/s/
Gutt
Chairman of the Executive Board
Chairman of the Board of Governors
International Monetary Fund