Policy of the International Monetary Fund
More than sixteen years have elapsed since the IMF commenced operating in March 1947. This has been a period during which most of its members have had to apply exceptional regulations to deal with the post-war transition. It may be said, therefore, that the IMF has had to face situations that those who drafted the Agreement did not at all expect and that it has displayed flexibility in doing so. Although some reference has already been made to these questions in Chapter VI, we shall now discuss them more fully.
KeywordsExchange Rate International Monetary Fund Foreign Currency Marshall Plan Exchange Transaction
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