Chapter

Appendix X. Schedule of Par Values—as of June 30, 1962

Author(s):
International Monetary Fund
Published Date:
September 1962
Share
  • ShareShare
Show Summary Details

A. Currencies of Metropolitan Areas

Par ValuesPar Values
In Terms of GoldIn Terms of U.S. Dollars
CurrencyCurrency
Grams of fineunits perunits perU.S. cents
MemberCurrencygold pertroy ounceU.S.per currency
currency unitof fine golddollarunit
Afghanistan1AfghaniPar value not yet established
Argentina2Peso
AustraliaPound1.9906215.62500.446429224.000
AustriaSchilling0.0341796910.00026.00003.84615
BelgiumFranc0.01777341,750.0050.00002.00000
Bolivia3Boliviano
BrazilCruzeiro0.0480363647.50018.50005.40541
BurmaKyat0.186621166.6674.7619021.0000
CanadaDollar0.82202137.83781.0810892.5000
CeylonRupee0.186621166.6674.7619021.0000
Chile4Escudo
ChinaYuanPar value not yet established
ColombiaPeso0.45573368.24931.9499851.2825
Costa RicaColón0.134139231.8756.6250015.0943
CubaPeso0.88867135.00001.00000100.000
CyprusPoundPar value not yet established
DenmarkKrone0.128660241.7506.9071414.4778
Dominican RepublicPeso0.88867135.00001.00000100.000
EcuadorSucre0.0493706630.00018.00005.55556
El SalvadorColón0.35546887.50002.5000040.0000
EthiopiaDollar0.35769086.95652.4844740.2500
FinlandMarkka0.0027771011,200.0320.0000.312500
FranceNew Franc0.180000172.7974.9370620.2550
Germany, Federal Republic ofDeutsche Mark0.222168140.0004.0000025.0000
GhanaPound2.4882812.50000.357143280.000
GreeceDrachma0.02962241,050.0030.00003.33333
GuatemalaQuetzal0.88867135.00001.00000100.000
HaitiGourde0.177734175.0005.0000020.0000
HondurasLempira0.44433570.00002.0000050.0000
IcelandKróna0.02066681,505.0043.00002.32558
IndiaRupee0.186621166.6674.7619021.0000
Indonesia1RupiahPar value not yet established
IranRial0.01173162,651.2575.75001.32013
IraqDinar2.4882812.50000.357143280.000
IrelandPound2.4882812.50000.357143280.000
IsraelPound0.296224105.0003.0000033.3333
ItalyLira0.0014218721,875.0625.0000.160000
JapanYen0.0024685312,600.0360.0000.277778
JordanDinar2.4882812.50000.357143280.000
Korea1HwanPar value not yet established
LaosKipPar value not yet established
LebanonPound0.40551276.70182.1914845.6313
LiberiaDollarPar value not yet established
LibyaPound2.4882812.50000.357143280.000
LuxembourgFranc0.01777341,750.0050.00002.00000
Malaya1DollarPar value not yet established
MexicoPeso0.0710937437.50012.50008.00000
MoroccoDirham0.175610177.1175.0604919.7609
NepalRupeePar value not yet established
NetherlandsGuilder0.245489126.7003.6200027.6243
New ZealandPound2.4713012.58590.359596278.090
NicaraguaCórdoba0.126953245.0007.0000014.2857
NigeriaPoundPar value not yet established
NorwayKrone0.124414250.0007.1428614.0000
PakistanRupee0.186621166.6674.7619021.0000
PanamaBalboa0.88867135.00001.00000100.000
Paraguay5Guaraní
Peru1,6Sol
PhilippinesPeso0.44433570.00002.0000050.0000
PortugalEscudo0.03091031,006.2528.75003.47826
Saudi ArabiaRiyal0.197482157.5004.5000022.2222
South AfricaRand1.2441425.00000.714286140.000
SpainPeseta0.01481122,100.0060.00001.66667
SudanPound2.5518712.18850.348242287.156
SwedenKrona0.171783181.0625.1732119.3304
Syrian Arab RepublicPound0.40551276.70182.1914845.6313
Thailand1BahtPar value not yet established
Tunisia1DinarPar value not yet established
TurkeyLira0.0987412315.0009.0000011.1111
United Arab RepublicPound2.5518712.18850.348242287.156
United KingdomPound Sterling2.4882812.50000.357143280.000
(or 250 shillings)
United StatesDollar0.88867135.00001.00000100.000
UruguayPeso0.120091259.0007.4000013.5135
VenezuelaBolívar0.265275117.2503.3500029.8507
Viet-Nam1PiastrePar value not yet established
YugoslaviaDinar0.0029622410,500.0300.0000.333333

For the rate at which Fund holdings of the member’s currency are provisionally carried in the Fund’s accounts, see Note 1 to the Balance Sheet (Appendix IX, Exhibit A).

The par value agreed by the Government of Argentina and the Fund as of January 9, 1957 was 0.0493706 gram of fine gold per peso or 5.55556 U.S. cents per peso. Computations by the Fund involving Argentine pesos are made at the rate of 83 pesos per U.S. dollar.

The par value 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 11,875 bolivianos per U.S. dollar.

The par value 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. Effective January 1, 1960, the Government of Chile established a new monetary unit, the escudo, having a ratio to the peso, which remains a fractional unit, of 1 to 1,000. Computations by the Fund involving Chilean escudos are made at the rate of 1.049 escudos per U.S. dollar.

The par value 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 guaranies are made at the rate of 122 guaranies 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. No new par value has been proposed to the Fund. Computations by the Fund involving Peruvian soles are made in accordance with the rules on transactions and computations for fluctuating currencies; see Annual Report, 1955, pages 125-27.

For the rate at which Fund holdings of the member’s currency are provisionally carried in the Fund’s accounts, see Note 1 to the Balance Sheet (Appendix IX, Exhibit A).

The par value agreed by the Government of Argentina and the Fund as of January 9, 1957 was 0.0493706 gram of fine gold per peso or 5.55556 U.S. cents per peso. Computations by the Fund involving Argentine pesos are made at the rate of 83 pesos per U.S. dollar.

The par value 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 11,875 bolivianos per U.S. dollar.

The par value 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. Effective January 1, 1960, the Government of Chile established a new monetary unit, the escudo, having a ratio to the peso, which remains a fractional unit, of 1 to 1,000. Computations by the Fund involving Chilean escudos are made at the rate of 1.049 escudos per U.S. dollar.

The par value 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 guaranies are made at the rate of 122 guaranies 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. No new par value has been proposed to the Fund. Computations by the Fund involving Peruvian soles are made in accordance with the rules on transactions and computations for fluctuating currencies; see Annual Report, 1955, pages 125-27.

B. Separate Currencies in Nonmetropolitan Areas of Members
Par Values In Terms of GoldPar Values In 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
Ruanda-Urundi1Franc (parity with Belgian franc)0.017 773 41,750.0050.000 02.000 00
FRANCE
Algeria1New Franc (parity with French new franc)0.180 000172.7974.937 0620.255 0
French Guiana
GuadeloupeFranc (=0.01 French0.001 800 0017,279.7493.7060.202 550
Martiniquenew franc)
Comoro Islands
ReunionCFA Franc (= 0.020.003 600 008,639.86246.8530.405 099
St. Pierre and MiquelonFrench new franc)
French Polynesia
New CaledoniaCFP Franc (= 0.0550.009 900 003,141.7789.764 71.114 02
New HebridesFrench new franc)
Wallis and Futuna Islands
French SomalilandDjibouti Franc0.004 145 077,503.73214.3920.466 435
NETHERLANDS
Netherlands AntillesGuilder (= 1.919 555 Netherlands guilders)0.471 23066.004 91.885 8553.026 4
Netherlands New GuineaGuilderPar value not yet established
SurinamGuilder (= 1.919 555 Netherlands guilders)0.471 23066.004 91.885 8553.026 4
UNITED KINGDOM
GambiaWest African Pound2
Federation of Rhodesia andRhodesia and
NyasalandNyasaland Pound2
BahamasBahamas Pound2
BermudaBermuda Pound22.488 2812.500 00.357 143280.000
Falkland IslandsFalkland Islands Pound2
GibraltarGibraltar Pound2
JamaicaJamaican Pound2
MaltaMaltese Pound2
Aden
KenyaEast African Shilling0.124 414250.0007.142 8614.000 0
Uganda(20 per pound sterling)
Zanzibar
Barbados
British GuianaWest Indian Dollar0.518 39160.000 01.714 2958.333 3
Leeward Islands(4.80 per pound sterling)
Trinidad
Windward Islands
British North Borneo
Malayan Dollar0.290 299107.1433.061 2232.666 7
Brunei(8.571 43 per pound
Sarawaksterling, or 2 shillings
Singapore4 pence per Malayan dollar)
British HondurasBritish Honduras Dollar0.622 07050.000 01.428 5770.000 0
(4.00 per pound
sterling)
FijiFiji Pound (1.11 per2.241 6913.875 00.396 429252.252
pound sterling)17.500 0
Hong KongHong Kong Dollar0.155 517200.0005.714 29
(16 per pound sterling)
MauritiusMauritius Rupee
(13⅓ per pound
Seychellessterling)

Seychelles Rupee
0.186 621166.6674.761 9021.000 0
(13⅓ per pound
sterling)
TongaTongan Pound (1,250 001.990 6215.625 00.446 429224.000
per pound sterling)

Became independent in July 1962.

Parity with sterling.

Became independent in July 1962.

Parity with sterling.

    Other Resources Citing This Publication