International Monetary Fund

Anonymous

International Organization, 1947, vol. 1, issue 2, 358-358

Abstract: On December 18, 1946, the International Monetary Fund announced the initial par values of the currencies of its members and stated that exchange transactions through the Fund would commence March 1, 1947. Eight of the member states — Brazil, China, Dominican Republic, Greece, Poland, Yugoslavia, France in respect of French Indo-China, and the Netherlands in respect of the Netherlands East Indies — requested and received from the Fund additional time for the determination of initial par values; the establishment of the par value for Uruguay's currency was postponed, pending the completion of certain legislative steps in that country.

Date: 1947
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