antar Rashtriya mudra Kosh
अंतर राष्ट्रीय मुद्रा कोष
International Monetary Fund or IMF (English: International Monetary Fund; International Monetary Fund, Abbreviations: IMF; IMF) is an international organization, which works to keep an eye on the global economic situation of its member countries. It provides economic and technical support to its member countries. This organization helps to facilitate development as well as stabilizing international exchange rates.
It is headquartered in Washington D. C., In the United States. Dominican Strauss is the managing director of this organization. The special currency of the IMF is SDR (Special Drawing Rights). Some countries' currency is used for international trade and finance, it is called SDR. SDRs are Euro, Pounds, Yen, and Dollars. The IMF was established in 1944.
There are 186 member countries of the IMF. On June 29, 2009, the Kosovo Republic was included as the 186th country. The objective of IMF is to secure economic stability, promote economic progress, reduce poverty, promote employment and facilitate international trade. With the increasing number of member countries, the work of IMF in the global economy has increased significantly. Any country can apply for the membership of the IMF.
IMF Objective:
-According to the Article of the IMF agreement, its main objectives are as follows:
i. Promoting International Monetary Cooperation
ii. To ensure balanced international trade.
iii. Ensuring the consistency of the exchange rate.
iv. Eliminating or reducing the exchange restrictions by promoting the system of multilateral payments.
v. To provide financial support to member countries to eliminate adverse balance of payments.
vi. Reduce the amount and duration of international trade imbalance.
Functions of IMF: -
The IMF's primary job is to ensure the stability of the international monetary system - the exchange rate and the system of international payments that enable countries (and people there) to trade with each other. The functions of the IMF are being discussed below-
Surveillance:
Through this system, the IMF reviews the policies, economic and financial development of member countries to maintain stability in the international monetary system. The IMF advises its 189 member countries about promoting economic stability, reducing sensitivity to the financial and financial crisis, and encouraging policies that elevate the standard of living.
Financial Assistance:
It balances the payments problems to its members: Funds to correct national authorization design adjustment program in close cooperation with IMF supported by IMF financing; Continues conditional financial support on the effective implementation of these programs.
SDR (Special Drawing Rights): -
This facility was started in 1971 to improve the status of international liquidity in the world. The IMF issues international reserve asset. It is known as Special Drawing Rights (SDR, also known as Paper Gold), and it supplements the official stores of member countries. The total allocation for the IMF is about 204 billion SDRs (US $ 286 billion). IMF members can voluntarily exchange SDRs for currency among themselves. The value of the SDR is fixed by 4 currencies ie the US dollar, the euro, the pound sterling and the Japanese yen. From October 2016, China's Yuan will also join.
अंतर राष्ट्रीय मुद्रा कोष
International Monetary Fund or IMF (English: International Monetary Fund; International Monetary Fund, Abbreviations: IMF; IMF) is an international organization, which works to keep an eye on the global economic situation of its member countries. It provides economic and technical support to its member countries. This organization helps to facilitate development as well as stabilizing international exchange rates.
It is headquartered in Washington D. C., In the United States. Dominican Strauss is the managing director of this organization. The special currency of the IMF is SDR (Special Drawing Rights). Some countries' currency is used for international trade and finance, it is called SDR. SDRs are Euro, Pounds, Yen, and Dollars. The IMF was established in 1944.
There are 186 member countries of the IMF. On June 29, 2009, the Kosovo Republic was included as the 186th country. The objective of IMF is to secure economic stability, promote economic progress, reduce poverty, promote employment and facilitate international trade. With the increasing number of member countries, the work of IMF in the global economy has increased significantly. Any country can apply for the membership of the IMF.
IMF Objective:
-According to the Article of the IMF agreement, its main objectives are as follows:
i. Promoting International Monetary Cooperation
ii. To ensure balanced international trade.
iii. Ensuring the consistency of the exchange rate.
iv. Eliminating or reducing the exchange restrictions by promoting the system of multilateral payments.
v. To provide financial support to member countries to eliminate adverse balance of payments.
vi. Reduce the amount and duration of international trade imbalance.
Functions of IMF: -
The IMF's primary job is to ensure the stability of the international monetary system - the exchange rate and the system of international payments that enable countries (and people there) to trade with each other. The functions of the IMF are being discussed below-
Surveillance:
Through this system, the IMF reviews the policies, economic and financial development of member countries to maintain stability in the international monetary system. The IMF advises its 189 member countries about promoting economic stability, reducing sensitivity to the financial and financial crisis, and encouraging policies that elevate the standard of living.
Financial Assistance:
It balances the payments problems to its members: Funds to correct national authorization design adjustment program in close cooperation with IMF supported by IMF financing; Continues conditional financial support on the effective implementation of these programs.
SDR (Special Drawing Rights): -
This facility was started in 1971 to improve the status of international liquidity in the world. The IMF issues international reserve asset. It is known as Special Drawing Rights (SDR, also known as Paper Gold), and it supplements the official stores of member countries. The total allocation for the IMF is about 204 billion SDRs (US $ 286 billion). IMF members can voluntarily exchange SDRs for currency among themselves. The value of the SDR is fixed by 4 currencies ie the US dollar, the euro, the pound sterling and the Japanese yen. From October 2016, China's Yuan will also join.
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