12 Major Functions of International Monetary Fund
The following points highlight the twelve major functions of International Monetary Fund (IMF). They are: 1. Fixation of par value of currencies in terms of Gold or Dollar 2. Alternation of limit within par value 3. Loans of foreign currency 4. Drawing Rights 5. Stand by Arrangements and Others. Function # 1. Fixation of Par Value of Currencies in terms [...]