Chapter

Appendix VIII (i). Schedule of Par Values—as of June 30, 1958

Author(s):
International Monetary Fund
Published Date:
September 1958
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Currencies of Metropolitan Areas
Par Values

In Terms of Gold
Par Values

In Terms of U.S. Dollars
MemberCurrencyGrams of fine

gold per

currency unit
Currency

units pertroy ounce

of fine gold
Currency

units per

U.S.

dollar
U.S. cents

per currency

unit
AfghanistanAfghaniPar value not yet established
ArgentinaPeso0.049 370 6630.00018.000 05.555 56
AustraliaPound1.990 6215.625 00.446 429224.000
AustriaSchilling0.034 179 6910.00026.000 03.846 15
BelgiumFranc0.017 773 41,750.0050.000 02.000 00
Bolivia1Boliviano
BrazilCruzeiro0.048 036 3647.50018.500 05.405 41
BurmaKyat0.186 621166.6674.761 9021.000 0
Canada2Dollar
CeylonRupee0.186 621166.6674.761 9021.000 0
ChilePeso0.008 078 833,850.00110.0000.909 091
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
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
FinlandMarkka0.002 777 1011,200.0320.0000.312 500
France 3FrancNo par value agreed with the Fund
Germany, Federal Republic ofDeutsche Mark0.211 588147.0004.200 0023.809 5
GhanaPoundPar value not yet established
GreeceDrachmaPar value not yet established
GuatemalaQuetzal0.88 67135.000 01.000 00100.000
HaitiGourde0.177 734175.0005.000 0020.000 0
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
Indonesia4RupiahPar value not yet established
IranRial0.011 731 62,651.2575.750 01.320 13
IraqDinar2.488 2812.500 00.357 143280.000
IrelandPound2.488 2812.500 00.357 143280.000
IsraelPound0.493 70663.000 01.800 0055.555 6
ItalyLiraPar value not yet established
JapanYen0.002 468 5312,600.0360.0000.277 778
JordanDinar2.488 2812.500 00.357 143280.000
KoreaHwanPar value not yet established
LebanonPound0.405 51276.701 82.191 4845.631 3
LuxembourgFranc0.017 773 41,750.0050.000 02.000 00
MalayaDollarPar value not yet established
MexicoPeso0.071 093 7437.50012.500 08.000 00
MoroccoFrancPar value not yet established
NetherlandsGuilder0.233 861133.0003.800 0026.315 8
NicaraguaCórdoba0.126 953245.0007.000 0014.285 7
NorwayKrone0.124 414250.0007.142 8614.000 0
PakistanRupee0.186 621166.6674.761 9021.000 0
PanamaBalboa0.888 67135.000 01.000 00100.000
ParaguayGuaraní0.014 811 22,100.0060.000 01.666 67
Peru5Sol
PhilippinesPeso0.444 33570.000 02.000 0050.000 0
Saudi ArabiaRivalPar value not yet established
SudanPoundPar value not yet established
SwedenKrona0.171 783181.0625.173 2119.330 4
SyriaPound0.405 51276.701 82.191 4845.631 3
ThailandBahtPar value not yet established
TunisiaFrancPar value not yet established
TurkeyLira0.317 38298.000 02.800 0035.714 3
Union of South AfricaPound2.488 2812.500 00.357 143280.000
(or 250 shillings)
United KingdomPound Sterling2.488 2812.500 00.357 143280.000
(or 250 shillings)
United StatesDollar0.888 67135.000 01.000 00100.000
UruguayPesoPar value not yet established
VenezuelaBolivar0.265 275117.2503.350 0029.850 7
Viet-NamPiastrePar value not yet established
YugoslaviaDinar0.002 962 2410,500.0300.0000.333 333

The initial par value of the boliviano, established on December 18, 1946, was 0.0211588 gram of fine gold per boliviano or 2.38095 U.S. cents per boliviano. On the proposal of the Government of Bolivia, in which the Fund concurred, the par value of the boliviano was changed by decree dated April 8, 1950 to 0.0148112 gram of fine gold per boliviano or 1.66667 U.S. cents per boliviano. On the proposal of the Government of Bolivia, in which the Fund concurred, the par value of the boliviano was changed on May 14, 1953 to 0.00467722 gram of fine gold per boliviano or 0.526316 U.S. cent per boliviano. Computations by the Fund involving bolivianos are made at the rate of 8,550 bolivianos per U.S. dollar.

The initial par value of the Canadian dollar, established on December 18, 1946, was 0.888671 gram of fine gold per dollar or 100.000 U.S. cents per dollar. On September 19, 1949, following consultation with the Fund, the par value of the dollar was changed to 0.807883 gram of fine gold per dollar or 90.9091 U.S. cents per dollar. On September 30, 1950, Canada introduced a new exchange system under which the exchange value of the dollar is 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. Computations by the Fund involving Canadian dollars are made in accordance with the rules on transactions and computations for fluctuating currencies published on pages 125-27 of the 1955 Annual Report.

The initial par value of the French franc, established on December 18, 1946, was 0.00746113 gram of fine gold per franc or 0.839583 U.S. cent per franc. Since January 26, 1948, there has been no agreed par value with the Fund for the franc. Computations by the Fund are made on the basis of the rate of 420 francs per U.S. dollar.

Computations by the Fund are made on the basis of the rate of 11.40 Indonesian rupiah per U.S. dollar.

The initial par value of the sol, established on December 18, 1946, was 0.136719 gram of fine gold per sol or 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. Computations by the Fund involving Peruvian soles are made in accordance with the rules on transactions and computations for fluctuating currencies published on pages 125-27 of the 1995 Annual Report.

The initial par value of the boliviano, established on December 18, 1946, was 0.0211588 gram of fine gold per boliviano or 2.38095 U.S. cents per boliviano. On the proposal of the Government of Bolivia, in which the Fund concurred, the par value of the boliviano was changed by decree dated April 8, 1950 to 0.0148112 gram of fine gold per boliviano or 1.66667 U.S. cents per boliviano. On the proposal of the Government of Bolivia, in which the Fund concurred, the par value of the boliviano was changed on May 14, 1953 to 0.00467722 gram of fine gold per boliviano or 0.526316 U.S. cent per boliviano. Computations by the Fund involving bolivianos are made at the rate of 8,550 bolivianos per U.S. dollar.

The initial par value of the Canadian dollar, established on December 18, 1946, was 0.888671 gram of fine gold per dollar or 100.000 U.S. cents per dollar. On September 19, 1949, following consultation with the Fund, the par value of the dollar was changed to 0.807883 gram of fine gold per dollar or 90.9091 U.S. cents per dollar. On September 30, 1950, Canada introduced a new exchange system under which the exchange value of the dollar is 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. Computations by the Fund involving Canadian dollars are made in accordance with the rules on transactions and computations for fluctuating currencies published on pages 125-27 of the 1955 Annual Report.

The initial par value of the French franc, established on December 18, 1946, was 0.00746113 gram of fine gold per franc or 0.839583 U.S. cent per franc. Since January 26, 1948, there has been no agreed par value with the Fund for the franc. Computations by the Fund are made on the basis of the rate of 420 francs per U.S. dollar.

Computations by the Fund are made on the basis of the rate of 11.40 Indonesian rupiah per U.S. dollar.

The initial par value of the sol, established on December 18, 1946, was 0.136719 gram of fine gold per sol or 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. Computations by the Fund involving Peruvian soles are made in accordance with the rules on transactions and computations for fluctuating currencies published on pages 125-27 of the 1995 Annual Report.

Separte Currencies in Nonmetropolitan Areas of Members

Par Values

In Terms of Gold
Par Values

In Terms of U. S. Dollars
Member and

Nonmetropolitan Areas
Currency and Relation to

Metropolitan Unit
Grams 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
BELGIUM
Belgian CongoFranc (parity with Belgian franc)0.017 773 41,750.0050.000 02.000 00
FRANCE
Algeria
French AntillesFranc (parity with French franc)Since January 26, 1948, no par value agreed with the Fund
French Guiana
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 Franc0.004 145 077,503.73214.3920.466 435
ITALY
SomalilandSomaloPar value not yet established
NETHERLANDS
Netherlands Antilles
Guilder (=2.015 Netherlands guilders)0.471 23066.004 91.885 8553.026 4
Surinam
Netherlands New GuineaGuilderPar value not yet established
UNITED KINGDOM
Gambia
British West African pound12.488 2812.500 00.357 143280.000
Nigeria
Sierra leone
Federation of Rhodesia andRhodesia and Nyasaland Pound1
Nyasaland
BahamasBahamas Pound1
BermudaBermuda Pound1
CyprusCyprus Pound12.488 2812.500 00.357 143280.000
Falkland IslandsFalkland Islands Pound1
Gibraltar
JamaicaJamaican Pound1
MaltaMaltese Pound1
Aden
British Somaliland
KenyaBritish East African Shilling (20 per pound sterling)0.124 414250.0007.142 8614.000 0
Tanganyika
Uganda
Zanzibar
Barbados
British Guiana
Leeward IslandsBritish West Indian Dollar (4.80 per pound sterling)0.518 39160.000 01.714 2958.333 3
Trinidad
Windward Islands
British North Borneo
Malayan Dollar (8.571 43 per pound sterling, or 2 shillings 4 pence per Malayan dollar)
Brunei0.290 299107.1433.061 2232.666 7
Sarawak
Singapore
British HondurasBritish Honduras Dollar (4.00 per pound sterling)0.622 07050.000 01.428 5770.000 0
FijiFiji Pound (1.11 per pound sterling)2.241 6913.875 00.396 429252.252
Hong KongHong Kong Dollar (16 per pound sterling)0.155 517200.0005.714 2917.500 0
MauritiusMauritius Rupee (13⅓ Per pound sterling)
0.186 621166.6674.761 9021.000 0
SeychellesSeychelles Rupee (13⅓ per pound sterling)
TongaTongan Pound (1.250 00 per pound sterling)21.990 6215.625 00.446 429224.000

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