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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

The Ninth Annual Report on Exchange Restrictions of the International Monetary Fund, covering the period from May 1957 to April 1958, was transmitted to members and governors of the Fund on May 5, 1958.1 The Report noted that the period under review had showed mixed trends. While there had been relatively little overall progress in the formal relaxation of restrictions, there had been a significant strengthening of most internationally traded currencies, particularly in the opening months of 1958. There had been a marked improvement in the rates at which transferable currencies could be exchanged for convertible currencies in free markets, as well as an improvement in other rates against the dollar, particularly for the currencies of western Europe. The rates in these free markets had begun to approximate the rates in official markets. In this respect, there had been continued progress toward external convertibility.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 12 , Issue 4 , Autumn 1958 , pp. 542 - 543
Copyright
Copyright © The IO Foundation 1958

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References

1 International Monetary Fund, Ninth Annual Report on Exchange Restrictions, Washington, D. C, 1958Google Scholar. For a summary of the previous report, see International Organization, Autumn 1957 (Vol. 11, No. 4), p. 684–68Google Scholar.

2 International Financial News Survey, 06 6, 1938 (Vol. 10, No. 47), p. 384Google Scholar.

3 Ibid., September 5, 1958 (Vol. 11, No. 10), p. 80.

4 Ibid., June 6, 1958 (Vol. 10, No. 47), p. 384.

5 Ibid., September 5, 1958 (Vol. 11, No. 10), p. 80.

6 Ibid., June 6, 1958 (Vol. 10, No. 47), p. 384, and July 11. 1958 (Vol.: 10. No. 2), p. 16.

7 Ibid., September 5, 1958 (Vol. 11, No. 10), p. 80.

8 Ibid., June 6, 1958 (Vol. 10, No. 47), p. 384.

9 Ibid., July 11, 1958 (Vol. 11, No. 2), p. 16.

10 International Monetary Fund, Press Release No. 281, June 3, 1958.

11 International Financial News Survey, 09 5, 1958 (Vol. 11, No. 10), p. 80Google Scholar.

12 Ibid., October 3, 1958 (Vol. n. No. 14), p. 112.

13 International Monetary Fund 283, July 14, 1958, and No. 285, Jully 31, 1958.

14 International Financial News Survery, 09 5, 1958 (Vol. 11, No. 10), p. 80Google Scholar.

15 Ibid., September 5, 1958 (Vol II, No.10) p. 80.

16 Ibid., October 3, 1958 (Vol. II, No. 14) p.112.

17 International Monetary Fund Press Release No. 284, July 24, 1958.

18 Ibid., Press Release No. 286, August 3, 1958.

19 Ibid., Press Release No. 288, September 15, 1958.

20 Ibid., Press Release No. 289, September 17, 1958.