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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

On October 20 the Fund issued its second financial statement for the quarter ended August 31,1947. Authorized subscriptions of members had increased from the equivalent of $7,721.5 million to the equivalent of $7,921.5 million when Australia accepted membership in the Organization, and the equivalent of $6,579.2 million had been paid by members by August 31, as contrasted to $6,519.9 million at the end of the first financial quarter. The Fund's holdings of gold were estimated at $1,345.0 million for the period reviewed, and its holdings of currencies (including non-negotiable and non-interest bearing notes) amounted to the equivalent of $5,232.6 million.

Type
International Organizations: Summary of Activities: II. The Specialized Agencies
Information
International Organization , Volume 2 , Issue 1 , February 1948 , pp. 129 - 130
Copyright
Copyright © The IO Foundation 1948

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References

1 International Monetary Fund Press Release 24, October 20, 1947.

2 Document A/349. This agreement was approved by the General Assembly of the United Nations on November 15, 1947.

3 New York Times, September 17, 1947, P. 1.

4 International Monetary Fund Press Release 29, December 11, 1947.

5 International Monetary Fund Press Release 30, December 11, 1947.

6 For a survey of the activities of the Fund to date, see this issue, p. 19–38.