International Monetary Fund

International currency Fund (IMF) was created by the International Monetary & #8209, Financial Conference at Bretton Woods (USA) in 1944 and became operational in March 1947 Board of the IMF in Washington, and his office – in Paris. The board consists of five main departments: for Africa, Europe, Asia, the Middle East and the Western Hemisphere.

IMF official purposes are: to promote the development of international trade and monetary cooperation, the elimination of foreign exchange restrictions. At Bretton Woods, it was agreed that all the world currency peg to the dollar, the price of the dollar is set independently of the U.S. gold reserves. And any large international transaction will be recorded in the IMF.

Any movement of money has power over the United States.

In 1947, the IMF included 49 countries. By 30 June 1991 the participants were already 155 member countries, and in 1996 – 181 country. 20% of the capital of the bank owned by the U.S., but 46% – Europe and Japan. Nothing like the sad 1947 Mr.

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