Chapter

Appendix X:

Author(s):
International Monetary Fund
Published Date:
September 1956
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(i) SCHEDULE OF PAR VALUES—as of June 30, 1956

CURRENCIES OF METROPOLITAN AREAS
Par ValuesPar Values
In Terms of GoldIn Terms of Gold U.S. Dollars
MemberCurrencyGrams of fine gold

per currency unit
Currency units per

troy ounce of fine gold
Currency units

per U. S. dollar
U. S. cents per

currency unit
AfghanistanAfghaniPar Value not yet established
AustraliaPound1.9906215.62500.446429224.000
AustriaSchilling0.0341796910.00026.00003.84615
BelgiumFranc0.01777341,750.0050.00002.00000
BoliviaBoliviano0.004677226,650.00190.0000.526316
BrazilCruzeiro0.0480363647.50018.50005.40541
BurmaKyat0.186621166.6674.7619021.0000
Canada1Dollar
CeylonRupee0.186621166.6674.7619021.0000
ChilePeso0.00078833,850.00110.0000.909091
ChinaYuanPar Value not yet established
ColombiaPeso0.45573368.24931.9499851.2825
Costa RicaColόn0.158267196.5255.6150017.8094
CubaPeso0.88867135.00001.00000100.000
DenmarkKrone0.128660241.7506.9071414.4778
Dominican RepublicPeso0.88867135.00001.00000100.000
EcuadorSucre0.0592447525.00015.00006.66667
EgyptPound2.5518712.18850.348242287.156
El SalvadorColόn0.35546887.50002.5000040.0000
EthiopiaDollar0.35769086.95652.4844740.2500
FinlandMarkka0.003863798,050.00230.0000.434783
FranceFrancNo Par Value agreed with the Fund
Germany, Federal Republic ofDeutsche Mark0.211588147.0004.2000023.8095
GreeceDrachmaPar Value not yet established
GuatemalaQuetzal0.88867135.00001.00000100.000
HaitiGourde0.177734175.0005.0000020.0000
HondurasLempira0.44433570.00002.0000050.0000
IcelandKrόna0.0545676570.00016.28576.14036
IndiaRupee0.186621166.6674.7619021.0000
IndonesiaRupiahPar Value not yet established
IranRial0.02755571,128.7532.25003.10078
IraqDinar2.4882812.50000.357143280.000
IsraelPoundPar Value not yet established
ItalyLiraPar Value not yet established
JapanYen0.0024685312,600.0360.0000.277778
JordanDinar2.4882812.50000.357143280.000
KoreaHwanPar Value not yet established
LebanonPound0.40551276.70182.1914845.6313
LuxembourgFranc0.01777341,750.0050.00002.00000
MexicoPeso0.0710937437.50012.50008.00000
NetherlandsGuilder0.233861133.0003.8000026.3158
NicaraguaCordoba0.126953245.0007.0000014.2857
NorwayKrone0.124414250.0007.1428614.0000
PakistanRupee0.186621166.6674.7619021.0000
PanamaBalboa0.88867135.00001.00000100.000
ParaguayGuarani0.01481122,100.0060.00001.66667
Peru2Sol
PhilippinesPeso0.44433570.00002.0000050.0000
SwedenKrona0.171783181.0625.1732119.3304
SyriaPound0.40551276.70182.1914845.6313
ThailandBahtPar Value not yet established
TurkeyLira0.31738298.00002.8000035.7143
Union of South AfricaPound2.4882812.50000.357143280.000
(or 250 shillings)
United KingdomPound Sterling2.4882812.50000.357143280.000
(or 250 shillings)
United StatesDollar0.88867135.00001.00000100.000
UruguayPesoPar Value not yet established
VenezuelaBolivar0.265275117.2503.3500029.8507
YugoslaviaDinar0.0029622410,500.0300.0000.333333

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 90.909 1 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 15.384 6 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 90.909 1 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 15.384 6 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.

(ii) SCHEDULE OF PAR VALUES—as of June 30, 1956

SEPARATE CURRENCIES IN NONMETROPOLITAN AREAS OF MEMBERS
Par ValuesPar Values
In Terms of GoldIn Terms of U. S. Dollars
Member and Nonmetropolitan AreasCurrency and Relation to metropolitan UnitGrams of fine gold per currency unitCurrency units per troy ounce of fine goldCurrency units per U. S. dollarU. S. cents per currency unit
BELGIUM
Belgian CongoFranc (parity with Belgian franc)0.01777341,750.0050.00002.00000
FRANCE
Algeria
French Antilles
French GuianaFranc (parity with French franc) Since January 26, 1948, no Par Value agreed with the Fund
Morocco
Tunisia
Cameroons
French Equatorial Africa
French West Africa
Madagascar and dependenciesCFA Franc (=2.00 French francs) Since January 26, 1948, no Par Value agreed with the Fund
Réunion
St. Pierre and Miquelon
Togoland
French Possessions of Oceania
New CaledoniaCFP Franc (=5.50 French francs) Since September 20, 1949, no Par Value agreed with the Fund
New Hebrides
French SomalilandDjibouti Franc0.004145077,503.73214.3920.466435
ITALY
SomalilandSomaloPar Value not yet established
NETHERLANDS
Netherlands Antilles
Guilder (=2.015 Netherlands guilders)0.47123066.00491.8858553.0264
Surinam
Netherlands New GuineaGuilderPar Value not vet established
UNITED KINGDOM
Gambia
Gold CoastBritish West African Pound (parity with sterling)
Nigeria
Sierra Leone
Federation of Rhodesia and Nyasaland
Southern Rhodesian Pound (parity with sterling)
BahamasBahamas Pound (parity with sterling)
BermudaBermuda Pound (parity with sterling)2.4882812.50000.357143280.000
CyprusCyprus Pound (parity with sterling)
Falkland IslandsFalkland Islands Pound (parity with sterling)
GibraltarGibraltar Pound (parity with sterling)
JamaicaJamaican Pound (parity with sterling)
MaltaMaltese Pound (parity with sterling)
Aden
British Somaliland
KenyaBritish East African Shilling (20 per pound sterling)0.124414250.0007.1428614.0000
Tanganyika
Uganda
Zanzibar
Barbados
British Guiana
Leeward IslandsBritish West Indian Dollar (4.80 per pound sterling)0.51839160.00001.7142958.3333
Trinidad
Windward Islands
British North Borneo
BruneiMalayan Dollar (8.571 43 per pound sterling, or 2 shillings 4 sterling, or 2 shillings 40.290299107.1433.0612232.6667
Malaya (Singapore and Federation of Malaya)
pence per Malayan dollar)
Sarawak
British HondurasBritish Honduras Dollar (4.00 per pound sterling)0.62207050.00001.4285770.0000
FijiFiji Pound (1.11 per pound sterling)2.2416913.87500.396429252.252
Hong KongHong Kong Dollar (16 per pound sterling)0.155517200.0005.1742917.5000
MauritiusMauritius Rupee (13⅓ per pound sterling)
SeychellesSeychelles Rupee (13⅓ per pound sterling)0.186621166.6674.7619021.0000
TongaTongan Pound (1.250 001 per pound sterling)1.9906215.62500.446429224.000

The relation of 1.252 50 Tongan pounds per pound sterling, as initially communicates and confirmed on September 18, 1949, was corrected on August 2, 1950 to 1.250 00.

The relation of 1.252 50 Tongan pounds per pound sterling, as initially communicates and confirmed on September 18, 1949, was corrected on August 2, 1950 to 1.250 00.

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