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questions :International monetary fund
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[Member (365WT)]answers [Chinese ]Time :2019-02-22
The International Monetary Fund (IMF) was established in Washington, DC on December 27, 1945, in accordance with the International Monetary Fund Agreement signed at the Bretton Woods Conference in July 1944. Established at the same time as the World Bank and listed as the world's two major financial institutions, its role is to monitor currency exchange rates and trade conditions of various countries, provide technical and financial assistance to ensure the normal operation of the global financial system. Its headquarters is in Washington. The "Special Drawing Rights" we often hear was created by the organization in 1969.

The International Monetary Fund issued an official gazette on the morning of April 6, 2015. In the communique, IMF President Lagarde confirmed that the Greek side has agreed to repay the IMF that it should pay on schedule on April 9, 2015. Borrowing due.
On October 1, 2015, China first reported its foreign exchange reserves to the International Monetary Fund.

After years of delays in the International Monetary Fund’s (IMF) share and governance reform program, it was finally approved by the US Congress at the end of 2015, welcoming the dawn of imminent entry into force. According to the program, the share of the IMF will double, and about 6% of the share will be transferred to dynamic emerging markets and underrepresented developing countries. As a result, China has become the third largest member of the IMF, while India, Russia and Brazil have also entered the top ten.
On January 27, 2016, the International Monetary Fund (IMF) announced that the IMF's 2010 share and governance reform program has officially entered into force, which means that China officially became the third largest shareholder of the IMF. China's share of the share will rise from 3.996% to 6.394%, ranking third from the sixth, second only to the United States and Japan.

On March 4, 2016, the International Monetary Fund (IMF) stated that it will separately list RMB assets in its official foreign exchange reserve database from October 1, 2016 to reflect the holding of the IMF members' RMB denominated reserves.

     Abbreviation

     IMF

     Established

     December 27, 1945

     Headquarters

     United States Washington

     President

     Lagarde

     Official website

     Http://www.imf.org/
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