VI Use of the Fund’s Resources
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
01 Sep 1955
Keywords:
AR; AREA; dollar; country; currency; rate; sterling area; fund's holding; fund charge; holdings of gold; fund transaction; gold tranche transaction; Currencies; Currency convertibility; Reserve assets; Africa

Abstract

THE Fund’s general policies regarding the use of its resources, and in particular its policies on gold tranche drawings, stand-by arrangements, and the application of the waiver provisions of the Articles of Agreement, which were outlined in the Annual Reports for 1953 and 1954, have been maintained without change during the past year. The Fund is equipped to make its resources available to members, either to help them in meeting special temporary balance of payments difficulties or, in association with other measures under-taken by them, in ensuring exchange stability and avoiding restrictions, and in maintaining or establishing the convertibility of their currencies.

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Cover International Monetary Fund Annual Report 1955
International Monetary Fund Annual Report 1955
ISBN:
9781616351670
ISSN:
2227-8915
Publication Date:
01 Sep 1955
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351670.011
Pages:
206