Chapter

Appendix XII (i) SCHEDULE OF PAR VALUES–as of July 1, 1952 CURRENCIES OF METROPOLITAN AREAS

Author(s):
International Monetary Fund
Published Date:
September 1952
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Par Values In Terms of GoldPar Values In Terms of U. S. Dollars
MemberCurrencyGrams of fine gold per currency unitCurrency units per troy ounce of fine goldCurrency units per U.S.dollarU. S. cents per currency unit
AustraliaPound1.990 6215.625 00.446 429224.000
AustriaSchillingPar Value not yet established
BelgiumFranc0.017 773 41,750.0050.000 02.000 00
BoliviaBoliviano0.014 811 22,100.0060.000 01.666 67
BrazilCruzeiro0.048 036 3647.50018.500 05.405 41
BurmaRupeePar Value not yet established
Canada1Dollar
CeylonRupee0.186 621166.6674.761 9021.000 0
ChilePeso0.028 666 81,085.0031.000 03.225 81
ChinaYuanPar Value not yet established
ColombiaPeso0.455 73368.249 31.949 9851.282 5
Costa RicaColón0.158 267196.5255.615 0017.809 4
CubaPeso0.888 67135.000 01.000 00100.000
CzechoslovakiaKoruna0.017 773 41,750.0050.000 02.000 00
DenmarkKrone0.128 660241.7506.907 1414.477 8
Dominican RepublicPeso0.888 67135.000 01.000 00100.000
EcuadorSucre0.059 244 7525.00015.000 06.666 67
EgyptPound2.551 8712.188 50.348 242287.156
El SalvadorColón0.355 46887.500 02.500 0040.000 0
EthiopiaDollar0.357 69086.956 52.484 4740.250 0
FinlandMarkka0.003 863 798,050.00230.0000.434 783
FranceFrancNo Par Value agreed with the Fund
GreeceDrachmaPar Value not yet established
GuatemalaQuetzal0.888 67135.000 01.000 00100.000
HondurasLempira0.444 33570.000 02.000 0050.000 0
IcelandKróna0.054 567 6570.00016.285 76.140 36
IndiaRupee0.186 621166.6674.761 9021.000 0
IranRial0.027 555 71,128.7532.250 03.100 78
IraqDinar2.488 2812.500 00.357 143280.000
ItalyLiraPar Value not yet established
LebanonPound0.405 51276.701 82.191 4845.631 3
LuxembourgFranc0.017 773 41,750.0050.000 02.000 00
MexicoPeso0.102 737302.7508.650 0011.560 7
NetherlandsGuilder0.233 861133.0003.800 0026.315 8
NicaraguaCórdoba0.177 734175.0005.000 0020.000 0
NorwayKrone0.124 414250.0007.142 8614.000 0
PakistanRupee0.268 601115.7983.308 5230.225 0
PanamaBalboa0.888 67135.000 01.000 00100.000
ParaguayGuaraní0.148 112210.0006.000 0016.666 7
Peru2Sol
Philippine RepublicPeso0.444 33570.000 02.000 0050.000 0
SwedenKrona0.171 783181.0625.173 2119.330 4
SyriaPound0.405 51276.701 82.191 4845.631 3
ThailandBahtPar Value not yet established
TurkeyLira0.317 38298.000 02.800 0035.714 3
Union of South AfricaPound2.488 2812.500 0 (or 250 shillings)0.357 143280.000
United KingdomPound2.488 2812.500 0 (or 250 shillings)0.357 143280.000
United StatesDollar0.888 67135.000 01.000 00100.000
UruguayPesoPar Value not yet established
VenezuelaBolivar0.265 275117.2503.350 0029.850 7
YugoslaviaDinar0.002 962 2410,500.0300.0000.333 333

The initial par value of the Canadian dollar, established on December 18, 1946, was 100.000 U. S. cents per Canadian dollar. On September 19, 1949, following consultation with the Fund, the par value of the Canadian dollar was changed to 90.9091 U. S. cents per Canadian dollar. On September 30, 1950, Canada introduced a new exchange system under which the exchange value of the Canadian dollar will be allowed to fluctuate, so that for the time being Canada will not ensure that exchange transactions within its territories will be based on the par value established on September 19, 1949. No new par value has been proposed to the Fund.

The initial par value of the sol, established on December 18, 1946, was 15.3846 U. S. cents per sol. In November 1949, Peru introduced a new exchange system, but no agreement on a new par value has been reached.

The initial par value of the Canadian dollar, established on December 18, 1946, was 100.000 U. S. cents per Canadian dollar. On September 19, 1949, following consultation with the Fund, the par value of the Canadian dollar was changed to 90.9091 U. S. cents per Canadian dollar. On September 30, 1950, Canada introduced a new exchange system under which the exchange value of the Canadian dollar will be allowed to fluctuate, so that for the time being Canada will not ensure that exchange transactions within its territories will be based on the par value established on September 19, 1949. No new par value has been proposed to the Fund.

The initial par value of the sol, established on December 18, 1946, was 15.3846 U. S. cents per sol. In November 1949, Peru introduced a new exchange system, but no agreement on a new par value has been reached.

Appendix XII (ii) SCHEDULE OF PAR VALUES–as of July 1, 1952 SEPARATE CURRENCIES IN NON-METROPOLITAN AREAS OF MEMBERS

Member and

Non-Metropolitan Areas
Currency and Relation to

Metropolitan Unit
Par Values

In Terms of Gold
Par Values

In Terms of U. S. Dollars
Grams of fine gold per currency unitCurrency

units per

troy ounce of fine gold
Currency

units per

U.S. dollar
U. S. cents per currency unit
BELGIUM
Belgian CongoFranc0.017 773 41,750.0050.000 02.000 00
(parity with Belgian franc)
FRANCE
French Possessions in IndiaRupee0.186 621166.6674.761 9021.000 0
French SomalilandDjibouti Franc0.004 145 077,503.73214.3920.466 435
NETHERLANDS
SurinamGuilder (=2.015
0.471 23066.004 91.885 8553.026 4
Netherlands guilders)
Netherlands AntillesGuilder
(=2.015 Netherlands guilders)
Netherlands New GuineaGuilderPar Value not yet established
UNITED KINGDOM
Gambia
West African Pound
2.488 2812.500 00.357 143280.000
Gold Coast(parity with sterling)
Nigeria
Sierra Leone
Southern Rhodesia
Southern Rhodesian Pound
Northern Rhodesia(parity with sterling)
Nyasaland
CyprusCyprus Pound
(parity with sterling)
GibraltarGibraltar Pound
(parity with sterling)
MaltaMaltese Pound
(parity with sterling)
BahamasBahamas Pound
(parity with sterling)
BermudaBermuda Pound
(parity with sterling)
JamaicaJamaican Pound
2.488 2812.500 00.357 143280.000
(parity with sterling)
Falkland IslandsFalkland Islands Pound
(parity with sterling)
Aden
East African Shilling0.124 414250.0007.142 8614.000 0
British Somaliland(20 per pound sterling)
Kenya
Uganda
Tanganyika
Zanzibar
Barbados
British West Indian0.518 39160.000 01.714 2958.333 3
TrinidadDollar (4.80 per pound sterling)
British Guiana
Leeward Islands
Windward Islands
British HondurasBritish Honduras Dollar0.622 07050.000 01.428 5770.000 0
(4.00 per pound sterling)
MauritiusMauritius Rupee (13-1/3
0.186 621166.6674.761 9021.000 0
per pound sterling)
SeychellesSeychelles Rupee (13-1/3 per
pound sterling)
FijiFijian Pound (1.112.241 6913.875 00.396 429252.252
per pound sterling)
TongaTongan Pound (1.2500011.990 6215.625 00.446 429224.000
per pound sterling)
Hong KongHong Kong Dollar (160.155 517200.0005.714 2917.500 0
per pound sterling)
MalayaMalayan Dollar
0.290 299107.1433.061 2232.666 7
(Singapore and Federation of Malaya)(8.571 428 57 per pound sterling, or 2 shillings 4 pence per Malayan Dollar)
Brunei
SarawakThe Sarawak and British North Borneo Dollars which circulate along side the Malayan Dollar (which is also legal tender) have the same value
British North Borneo

The relation of 1.2525 Tongan pounds per pound sterling, as initially communicated and confirmed on September 18, 1949, was corrected on August 2, 1950 to 1.25000.

The relation of 1.2525 Tongan pounds per pound sterling, as initially communicated and confirmed on September 18, 1949, was corrected on August 2, 1950 to 1.25000.

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