Chapter

Appendix XI (i). Schedule of Par Values—as of June 30, 1959 Currencies of Metropolitan Areas

Author(s):
International Monetary Fund
Published Date:
September 1959
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Par ValuesPar Values
In Terms of GoldIn Terms of U.S. Dollars
CurrencyCurrency
Grams of fineunits perunits perU.S. cents
gold pertroy ounceU.S.per currency
MemberCurrencycurrency unitof fine golddollarunit
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
Chile3Peso
ChinaYuanPar value not vet 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
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
FranceFranc0.001 800 0017,279.7493.7060.202 550
Germany, Federal Republic ofDeutsche Mark0.211 588147.0004.200 0023.809 5
GhanaPound2.488 2812.500 00.357 143280.000
GreeceDrachmaPar value not yet established
GuatemalaQuetzal0.888 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
LibyaPoundPar value not yet established
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
Paraguay5Guaraní
Peru6Sol
PhilippinesPeso0.444 33570.000 02.000 0050.000 0
Saudi ArabiaRiyalPar values not yet established
SpainPesetaPar value not yet established
SudanPound2.551 8712.188 50.348 242287.156
SwedenKrona0.171 783181.0625.173 2119.330 4
ThailandBahtPar value not yet established
TunisiaDinarPar 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 Arab Republic
EgyptPound2.551 8712.188 50.348 242287.156
SyriaPound0.405 51276.701 82.191 4845.631 3
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 par value of the boliviano agreed by the Government of Bolivia and the Fund as of May 14, 1953 was 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 11,500 bolivianos per U.S. dollar.

The par value agreed by the Government of Canada and the Fund as of September 19, 1949 was 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 par value of the Chilean peso agreed by the Government of Chile and the Fund as of October 5, 1953 was 0.00807883 gram of fine gold per peso or 0.909091 U.S. cent per peso. Computations by the Fund involving Chilean pesos are made at the rate of 1,049 Chilean pesos 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 par value of the guaraní agreed by the Government of Paraguay and the Fund as of March 1, 1956 was 0.0148112 gram of fine gold per guaraní or 1.66667 U.S. cents per guaraní. Computations by the Fund involving guaraníes are made at the rate of 110 guaraníes 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 1955 Annual Report.

The par value of the boliviano agreed by the Government of Bolivia and the Fund as of May 14, 1953 was 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 11,500 bolivianos per U.S. dollar.

The par value agreed by the Government of Canada and the Fund as of September 19, 1949 was 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 par value of the Chilean peso agreed by the Government of Chile and the Fund as of October 5, 1953 was 0.00807883 gram of fine gold per peso or 0.909091 U.S. cent per peso. Computations by the Fund involving Chilean pesos are made at the rate of 1,049 Chilean pesos 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 par value of the guaraní agreed by the Government of Paraguay and the Fund as of March 1, 1956 was 0.0148112 gram of fine gold per guaraní or 1.66667 U.S. cents per guaraní. Computations by the Fund involving guaraníes are made at the rate of 110 guaraníes 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 1955 Annual Report.

Appendix XI (ii). SCHEDULE OF PAR VALUES—as of June 30,1959 Separate Currencies in Nonmetropolitan Areas of Members
Par Values

In Terms of Gold
Par Values

In Terms of U.S. Dollars
CurrencyCurrency
Grams of fineunits perunits perU.S. cents
Member andCurrency and Relation togold pertroy ounceU.S.per currency
Nonmetropolitan AreasMetropolitan Unitcurrency unitof fine golddollarunit
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)0.001 800 0017,279.7493.7060.202 550
French Guiana
Cameroons
French Equatorial Africa
French West Africa
Madagascar and DependenciesCFA1 Franc (=2.00 French francs)0.003 600 008,639.86246.8530.405 099
Réunion
St. Pierre and Miquelon
Togoland
French Possessions of Oceania
New CaledoniaCFP2 Franc (=5.50 French francs)0.009 900 003,141.7789.764 71.114 02
New Hebrides
French SomalilandDjibouti Franc0.004 145 077,503.73214.3920.466 435
ITALY SomalilandSomaloPar value not yet established
NETHERLANDS
Netherlands Antilles
Guilder (= 2.0150.471 23066.004 91.885 8553.026 4
Surinam JNetherlands guilders)
Netherlands New GuineaGuilderPar value not yet established
UNITED KINGDOM
British West African Pound32.488 2812.500 00.357 143280.000
Gambia
nigeria
Sierra Leone
Federation of Rhodesia and NyasalandRhodesia and Nyasaland Pound3
Bahamas
BermudaBermuda Pound3
CyprusCyprus Pound32.488 2812.500 00.357 143280.000
Falkland IslandsFalkland Islands Pound3
GibraltarGibraltar Pound3
JamaicaJamaican Pound3
MaltaMaltese Pound3
Aden
British Somaliland
KenyaBritish East African Shilling0.124 414250.0007.142 8614.000 0
Tanganyika(20 per pound sterling)
Uganda
Zanzibar
Barbadoes
British Guiana
Leeward IslandsBritish West Indian Dollar0.518 39160.000 01.714 2958.333 3
Trinidad(4.80 per pound sterling)
Windward Islands
British North Borneo
Malayan Dollar
Brunei(8.571 43 per pound0.290 299107.1433.061 2232.666 7
Sarawaksterling, or 2 shillings 4
Singaporepence per Malayan dollar)
British HondurasBritish Honduras Dollar0.622 07050.000 01.428 5770.000 0
(4.00 per pound sterling)
FijiFiji Pound (1.11 per pound2.241 6913.875 00.396 429252.252
sterling)
Hong KongHong Kong Dollar (16 per0.155 517200.0005.714 2917.500 0
pound sterling)
MauritiusMauritius Rupee (13⅓ per
pound sterling)
SeychellesSeychelles Rupee (13⅓ per0.186 621166.6674.761 9021.000 0
pound sterling)
TongaTongan Pound (1.250 001.990 6215.625 00.446 429224.000
per pound sterling)

Colonies Françaises d’A frique.

Colonies Françaises du Pacifique.

Parity with sterling.

Colonies Françaises d’A frique.

Colonies Françaises du Pacifique.

Parity with sterling.

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