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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
What are IMF quotas?
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.
The capital of IMF is made up by contribution of the?
The capital of IMF is made up of
All imf shareholders are?
All IMF share holders are in the developing world.
What does the acronym or abbreviation IMF stand for?
The acronym IMF stands for the International Monetary Fund.
What pacific region is Palau located in?
It is located in Micronesia
How did IMF affect Africa?
It pushes for open trade It loans money to poor countries enourages free traade promotes private prop
What external regulations affect accounting practices?
yes, why not....e.g IMF
Does eritrea has credit on the imf?
Eritrea means East Africa countries so why not answer my question?
Is Africa governed by the IMF?
B. it pushes for free-market policies. D. it provides minetary assistance.
What is IMF code?
What is a imf code for UK bank
How does the IMF affect Africa?
It provides monetary assistanceIt pushes for free market policies-Apex :)
What does IMF stand for in texting?
imf
Who is the secretary general of IMF?
Who is the Chairman of IMF
Who is the CEO of imf?
CHRISTINE LAGARDE(France) is the CEO of IMF.
How does IMF affect the boiling point or melting point of a substance?
IMF (intermolecular forces) affect the boiling and melting points of a substance by influencing the strength of the bonds between molecules. Stronger IMFs lead to higher boiling and melting points because more energy is required to overcome these forces. Weaker IMFs result in lower boiling and melting points as less energy is needed to break the intermolecular interactions.
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
