Functioning of International Monetary System
- International Monetary Fund
- Published Date:
- February 1996
By the time the Governors assembled in Washington for their Twenty-Sixth Annual Meeting, which began on September 27, 1971, a succession of events had seriously disrupted the international monetary system as it had been functioning under the Articles of Agreement of the Fund. Nearly all Governors expressed their concern about the situation, and on October 1, 1971, the Board of Governors adopted the following resolution.