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
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Letter of Transmittal
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I. The International Payments Problem
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II. Exchange Policy and Par Values
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III. Exchange Restrictions
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IV. Gold Policy
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V. Monetary Reserves and Fund Resources
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VI. Membership, Organization, and Administration
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APPENDICES
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I. Statement on Change in the Par Value of the Colombian Peso
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II. Statement on Change in the Par Value of the Currency of French Somaliland
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III. Statement on Revisions in the Exchange System of Colombia
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IV. Statement on Changes in the Exchange System of France
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V. Statement on Revisions in the Exchange System of Peru
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VI. Statement by the Managing Director on Consultations with the Union of South Africa
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VII. Membership, Quotas, Governors, and Voting Power
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VIII. Changes in Membership of the Board of Governors
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IX. Executive Directors and Voting Power
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X. Changes in Membership of the Executive Board
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XI. Exchange of Letters between the Fund and the Contracting Parties to the General Agreement on Tariffs and Trade
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XII. Statement on Technical Assistance for Economic Development of Under-Developed Countries
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XIII. Repurchase Obligations
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XIV. Letter to Members on Unenforceability of Exchange Contracts
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XV. Administrative Budget
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XVI. Balance Sheet, Statement of Income and Expense and Supporting Schedules
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XVII. Schedule of Par Values
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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