The International Monetary Fund extends credit and loans to countries for development projects. The Fund is able to keep with most of the demand for credit.
The IMF acquired the majority of its gold holdings prior to the Second Amendment through four main types of transactions.First, when the IMF was founded in 1944 it was decided that 25 percent of initial quota subscriptions and subsequent quota increases were to be paid in gold. This represents the largest source of the IMF's gold.Second, all payments of charges (interest on member countries' use of IMF credit) were normally made in gold.Third, a member wishing to acquire the currency of another member could do so by selling gold to the IMF. The major use of this provision was sales of gold to the IMF by South Africa in 1970-71.And finally, member countries could use gold to repay the IMF for credit previously extended.Source: http://www.imf.org/external/np/exr/facts/gold.htm
What is a imf code for UK bank
The answer is Eritrea I had to do this for a extra credit on my test
imf
Who is the Chairman of IMF
CHRISTINE LAGARDE(France) is the CEO of IMF.
Cristine Lagarde is head of the IMF.
CHRISTINE LAGARDE(France) is the CEO of IMF.
IMF is the International Monetary Fund, which is an organization of several countries to facilitate economic growth. An IMF quota is the amount of money which each member country is required to give to the IMF.
The abbreviation of Eritrea is ER!
No, Hungary has been badly hit by the 'credit crunch' and the Hungarian government has recently received help on a substantial scale from the IMF.