In 1945 , where was international monetary fund established?
Asked by slfjkc slfjkc, 22 Sep '07 03:23 pm
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The International Monetary Fund (IMF) came into official existence on December 27, 1945, when 29 countries signed its Articles of Agreement at a conference held in Bretton Woods, New Hampshire, USA, from July 1-22, 1944. The IMF began financial operations on March 1, 1947Answered by srini, 22 Sep '07 03:25 pm
It was established as a specialized agency for the developement of various member countries. I was born in the year of establishing of UNAnswered by Ramasamy Nagarajan, 22 Sep '07 03:40 pm
International Monetary Fund (IMF), specialized agency of the United Nations, established in 1945. It was planned at the Bretton Woods Conference (1944), and its headquarters are in Washington, D.C. There is close collaboration between it and the International Bank for Reconstruction and Development. The organization, using a fund subscribed by the member nations, purchases foreign currencies on application from its members so as to discharge international indebtedness and stabilize exchange rates. The IMF currency reserve units are called Special Drawing Rights (SDRs); from 1974 to 1980 the value of SDRs was based on the currencies of 16 leading trading nations. Since 1980 it has been reevaluated every five years and based on the relative international economic importance of the British pound sterling, the European Union euro (formerly the French franc and German mark), the Japanese yen, and the U.S. dollar. To facilitate international trade and reduce inequities in exchange, the fund ...moreAnswered by LALITKUMAR RANA, 22 Sep '07 03:26 pm
washington dcAnswered by subramanyachary, 22 Sep '07 03:26 pm