International Monetary Fund Annual Report 1950 PDF Download

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International Monetary Fund Annual Report 1950

International Monetary Fund Annual Report 1950 PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1616351624
Category : Business & Economics
Languages : en
Pages : 173

Book Description
This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 1950. The report highlights that the widespread devaluation of currencies that took place in September 1949 was the most far-reaching in any comparable period in recent times. Thirteen members agreed new par values with the IMF, most of them involving a devaluation of approximately 30.5 percent in relation to the U.S. dollar. Six member countries with which the IMF has no agreed par value also depreciated their exchange rates.
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