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Username: ForexGuy

Rating:
Guru Stars

Asked to: Jun Wang

Date Created: 17 Nov 2015
Category 28
Tag Financial
Question What is the International Monetary Fund (IMF)?
Advice from Guru
Hi Forex Guy,

The International Monetary Fund (IMF) is an international organization created for the purpose of standardizing global financial relations and exchange rates. The IMF generally monitors the global economy, and its core goal is to economically strengthen its member countries. Specifically, the IMF was created with the intention of:

1. Promoting global monetary and exchange stability.

2. Facilitating the expansion and balanced growth of international trade.

3. Assisting in the establishment of a multilateral system of payments for current transactions.
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