International Monetary Fund Annual Report 1950

Download or read book International Monetary Fund Annual Report 1950 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1950-09-01 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.