International Monetary Fund Annual Report 1950

Author: International Monetary Fund

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.

Volume/Issue: Volume 1950 Issue 001

Publication date: September 1950

ISBN: 9781616351625

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Business and Economics , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , AR , AREA , van der , votes of Thailand , graham F , currency holding , sterling rate , Chi-Yu Kwan , Currencies , Exports , Gold , Imports , Gold prices , Europe , Western Hemisphere , Africa , Western Europe , Middle East , exchange transaction , fund representative , repurchase transaction , Fund's holding , fund transaction , Exchange restrictions , Caribbean , repurchase obligation , holdings of the currency , South America , Central America

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Summary

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.