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International Monetary Fund

Published online by Cambridge University Press:  22 May 2009

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Extract

On February 20, 1959, Denmark announced the repurchase from the International Monetary Fund of $17 million which, together with repurchases made in March and June 1958, exceeded by $8.5 million the $34 million purchased by Denmark from the Fund in July 1957. The excess was applied to reducing the Fund's holdings of kroner to 75 percent of quota. On March 19, the United Kingdom made a repurchase of $200 million, in line with its announced intention to repurchase its outstanding balance monthly through 1960 and 1961, or more expeditiously if possible.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 13 , Issue 3 , Summer 1959 , pp. 470 - 471
Copyright
Copyright © The IO Foundation 1959

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References

1 International Financial News Survey (hereafter cited as 1FNS), 03 27, 1959 (Vol. II. No. 37), p. 295Google Scholar. For a summary of previous activities of the Fund, see International Organization, Spring 1959 (Vol. 13, No. 2), p. 316–320CrossRefGoogle Scholar.

2 IFNS, 03 27, 1959 (Vol. 11, No. 37), p. 294Google Scholar.

3 Ibid.

4 Ibid., April 3, 1959 (Vol. 11, No. 38), p. 308.

5 Ibid., May 1, 1959 (Vol. 11, No. 42), p. 340.

6 International Monetary Fund, Press Release No. 301, May 18, 1959.

7 IFNS, 05 22, 1959 (Vol. 11, No. 45), p. 359Google Scholar.

8 Ibid., p. 363.

9 Ibid., May 29, 1959 (Vol. 11, No. 46), p. 367.