1945

This chapter surveys developments in 1948 as compared with 1947 and, to some extent, with prewar years, in the field of currency, under the following sections: (1) changes in the monetary system, (2) composition of the currency reserves, (3) tendency towards managed currency, (4) exchange control, (5) relationship with the International Monetary Fund. A summary is given at the end of the chapter.

Related Subject(s): Economic and Social Development
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