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International Monetary Fund stories:
Gold Rises on Bets Demand by Central Banks, Investors to Climb
Nov 17th, 2009 - Bloomberg
Nov. 17 (Bloomberg) -- Gold prices rose, extending theNovember rally, on bets that central banks and investors willincrease demand for the precious metal as an alternative asset.
China Grapples With Pressure Over Currency Controls
Nov 17th, 2009 - Wall Street Journal
BEIJING-A growing number of global leaders are urging China to look to its long-term interests and allow its tightly controlled currency to rise. But they are encountering...IMF chief urges China to let yuan rise
Nov 17th, 2009 - Forbes
BEIJING -- The chief of the International Monetary Fund said Tuesday that Beijing should let its currency rise as a stronger yuan would help China's development and ease global imbalances.
Yen Advances as Stock-Market Losses Damp Demand for Risk Assets
Nov 17th, 2009 - Bloomberg
Nov. 17 (Bloomberg) -- The yen rose after stock marketsfell and International Monetary Fund Managing Director DominiqueStrauss-Kahn said the global economic recovery may be sluggish,stoking demand for the Japanese currency as a refuge.IMF chief says more stable global currency needed
Nov 16th, 2009 - Reuters
BEIJING (Reuters) - The need for greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country...
International Monetary Fund videos from YouTube:
- The World Bank (WB) & The...A clip from the documentary "The New Rulers of The World" by film maker John Pilger. The WB and the IMF control most of the world's cash flow. Please check out all of John Pilger's documentaries.
- US Cedes Economic Independence...Dick Morris discusses how the United States, at the G20 conference, put itself under the guidance and, ultimately, control of the International Monetary Fund even as it succeeded in turning more power in that organization over to debtor nations ...
- 1944 Bretton Woods International...This newsreel excerpt briefly describes the international monetary conference of 1944 (before WW2 ended), held at the Mount Washington Hotel in Bretton Woods, New Hampshire. The conference founded the International Monetary Fund and the World Bank ...
- Press Conference: International...Dominique Strauss-Kahn, Managing Director of the International Monetary Fund.
International Monetary Fund from WikiPedia:
Coordinates: 38°54?00?N 77°2?39?W? / ?38.9°N 77.04417°W? / 38.9; -77.04417
The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rates and the balance of payments. It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development. It also offers highly leveraged loans mainly to poorer countries. Its headquarters are located in Washington, D.C., United States. The current chief economist is Olivier Blanchard.
The International Monetary Fund was created in July 1944, originally with 45 members, with a goal to stabilize exchange rates and assist the reconstruction of the world's international payment system. Countries contributed to a pool which could be borrowed from, on a temporary basis, by countries with payment imbalances. (Condon, 2007)
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