Hostname: page-component-78c5997874-ndw9j Total loading time: 0 Render date: 2024-11-05T08:02:06.109Z Has data issue: false hasContentIssue false
  • English
  • Français

International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

Get access

Extract

The government of Egypt paid $8,507,929.67 in gold and United States dollars to the International Monetary Fund on July 10,1950 in exchange for the equivalent amount in Egyptian pounds. Of the amount paid by Egypt to the Fund $829,766.03 was in gold and $7,678,163.64 in United States dollars. This payment, which became due in consequence of recent increases in Egypt's monetary reserves, fulfilled that country's obligation to use part of the increase to repurchase the Fund's holdings of Egyptian pounds in excess of 75 percent of Egypt's quota.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 4 , Issue 4 , November 1950 , pp. 678 - 680
Copyright
Copyright © The IO Foundation 1950

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1 International Monetary Fund Press Release 139, July 17, 1950.

2 Ibid., 141. August 29, 1950.

3 International Financial Statistics, III, 08 1950Google Scholar.

4 Ibid.

5 International Monetary Fund, Annual Report of the Executive Directors for the Fiscal Year Ended April 30, 1950.