V FUND TRANSACTIONS
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
01 Sep 1950
Keywords:
AR; AREA; van der; votes of Thailand; graham F.; currency holding; sterling rate; Chi-Yu Kwan; Currencies; Exports; Gold; Imports; Gold prices; Europe; Western Hemisphere; Africa; Western Europe; Middle East; operational account; Reserve assets

Abstract

DURING the fiscal year ended April 30, 1950, the Fund completed five purchases and sales of foreign exchange, aggregating the equivalent of $51.8 million, with four members. Each of the five transactions involved a sale of U.S. dollars by the Fund. In the previous fiscal year, the total of the Fund’s exchange transactions had aggregated the equivalent of $119.5 million. Between March 1, 1947, when the Fund commenced operations, and April 30, 1950, the Fund had effected exchange transactions totalling the equivalent of $777.3 million, on behalf of nineteen members, and gold transactions totalling $6.2 million.

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Cover International Monetary Fund Annual Report 1950
International Monetary Fund Annual Report 1950
ISBN:
9781616351625
ISSN:
2227-8915
Publication Date:
01 Sep 1950
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351625.011
Pages:
160