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European Union

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International Monetary System

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Q: Which international organization was formed to promote monetary cooperation among the world's nations and to facilitate the expansion of international trade?
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Which international organization was formed to promote monetary cooperation among the world's nations and facilitate the expansion of international trade?

International Monetary System


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The Developments in the International monetary system dates back to commodity standard. when metallic coins were used for International Transaction. This was followed by gold standard that provided not only domestic price stability but also automatic adjustment in the exchange rates and the balance of payment. Objectives: To Promote international monetary cooperation and collaboration To Facilitate the expansion and balance growth of International trade. To promote exchange stability To Develop multilateral trade & payment


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