IMF(International Monetary Fund)国际货币基金组织
It helps to prevent the great drain of foreign exchange reserve,save international reserve and adjust balance of payment automatically,etc.
The IMF agreement was entered prior to the founding conference of the United Nations,and when the UN was formed,the Fund was brought into relationship with the UN by an agreement.
More accurately stated,the obligation of maintaining such a system remained in the Fund's Articles of Agreement,but the IMF was powerless to uphold it in the face of a situation in which all major currencies were floating rather than fixed in value.IMF abandoned the objective of maintaining the fixed exchange rate ystem.More accurately stated,the obligation of maintaining such a system remained in the Fund's Articles of Agreement,but the IMF is
powerless to uphold it in the face of a situation in which all major currencies were floating rather than
fixed in value.
