Organization for European Economic Cooperation

Anonymous

International Organization, 1952, vol. 6, issue 2, 331-333

Abstract: Meeting on January 7, 1952, the Council of OEEC agreed that for January, February and March, Belgium, a constant creditor in the European Payments Union, would receive a maximum of $60 million in gold — a reduction of 25 percent on the previous allowance. This was a partial solution to the problem of Belgium's excess credit position. The Council also recommended that member countries try to increase exports to Belgium and that Belgium increase its imports from them.

Date: 1952
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