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
International Monetary Fund
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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.
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International Monetary Fund
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imf
Who is the Chairman of IMF
CHRISTINE LAGARDE(France) is the CEO of IMF.
Cristine Lagarde is head of the IMF.
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