Chapter 6 Gold and Silver
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
03 Sep 1962
Keywords:
AR; AREA; sc; membership of the executive board; votes of Cyprus; van Lennep; Habibullah mali Achekzai; bonham Carter; U.K. quota; Currencies; Exports; Gold; Imports; Exchange rates; Africa; Western Europe; Europe; North America; Middle East; London gold market; dollar price; price of gold; London market; New York market; Gold reserves; Gold prices; Silver; Commodity markets

Abstract

World production of gold, excluding output in the U.S.S.R. and countries associated with it, increased in 1961 by nearly 4 per cent, to a new postwar peak for the eighth consecutive year (Chart 9). The increase, of 1.3 million fine ounces, raised output to almost 35 million ounces. Valued at US$35 per fine ounce, output in 1961 was $1,220 million, compared with $1,175 million in 1960 and $1,125 million in 1959. The value in 1961 was about 66 per cent more than the postwar minimum of $736 million in 1945, and only about 4 per cent less than the all-time peak of $1,264 million attained in 1940.

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Cover International Monetary Fund Annual Report 1962
International Monetary Fund Annual Report 1962
ISBN:
9781616351748
ISSN:
2227-8915
Publication Date:
03 Sep 1962
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351748.011
Pages:
276