International Monetary Fund

Anonymous

International Organization, 1950, vol. 4, issue 4, 678-680

Abstract: The government of Egypt paid $8,507,929.67 in gold and United States dollars to the International Monetary Fund on July 10,1950 in exchange for the equivalent amount in Egyptian pounds. Of the amount paid by Egypt to the Fund $829,766.03 was in gold and $7,678,163.64 in United States dollars. This payment, which became due in consequence of recent increases in Egypt's monetary reserves, fulfilled that country's obligation to use part of the increase to repurchase the Fund's holdings of Egyptian pounds in excess of 75 percent of Egypt's quota.

Date: 1950
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