answersLogoWhite

0

India is the largest market for gold in the world and the production of gold is comparatively less in India. To meet the need gap, IMF is the best place to procure the gold from their reserves. Secondly the gold supplied by IMF would be in the pure form and could fetch the best price int he market.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

How did IMF acquire gold?

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


Is India a permanent member of the International Monetary Fund?

Yes, India is a member of the IMF.


How many agreements have signed between IMF and India?

dont kno


How do you buy gold bar from state bank of India?

I purchase gold certificate for current rate, which bank provide me certificate and after purchase any time sold it. what documents will produce.


What is gold parity standard?

Gold parity standard is the current system used instead of the international gold standard. This system was made in 1946 by the International Monetary Fund (IMF).


What is IMF code?

What is a imf code for UK bank


Does India export gold?

India imports gold and exports gold ornaments and jewelry.


How does the IMF try to stabilize the international monetary system?

The IMF endeavors to stabilize the international monetary system by temporarily lending resources in the form of foreign currencies and gold to countries experiencing international payment difficulties.


What does IMF stand for in texting?

imf


Who is the secretary general of IMF?

Who is the Chairman of IMF


bright digi gold?

BEST DIGITAL GOLD PLATFORM


Who is the CEO of imf?

CHRISTINE LAGARDE(France) is the CEO of IMF.