International Monetary Fund

Anonymous

International Organization, 1959, vol. 13, issue 3, 470-471

Abstract: On February 20, 1959, Denmark announced the repurchase from the International Monetary Fund of $17 million which, together with repurchases made in March and June 1958, exceeded by $8.5 million the $34 million purchased by Denmark from the Fund in July 1957. The excess was applied to reducing the Fund's holdings of kroner to 75 percent of quota. On March 19, the United Kingdom made a repurchase of $200 million, in line with its announced intention to repurchase its outstanding balance monthly through 1960 and 1961, or more expeditiously if possible.

Date: 1959
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