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When was the International Monetary Fund established?

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A chronically unfavorable balance of payments, when debits exceed credits, may affect the stability of the nation's currency, particularly where exchange rates are no longer fixed. After World War II the International Monetary Fund was established to handle problems relating to the balance of payments and foreign exchange.

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Similar questions: What is an unfavorable balance of payments? How does a unfavorable balance of payments affect a nation's currency? What is the purpose of the International Monetary Fund? [ Hide these questions ]

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