Information about Western Hemisphere Hemisferio Occidental
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Appendix X (i) SCHEDULE OF PAR VALUES—as of May 30, 1953

Author(s):
International Monetary Fund
Published Date:
September 1953
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CURRENCIES OF METROPOLITAN AREAS
MemberCurrencyPar Values

In Terms of Gold
Par Values

In Terms of U. S. Dollars
Grams of fine

gold per currency unit
Currency

units per

troy ounce

of fine gold
Currency

units per

U. S.

dollar
U. S. cents

per currency

unit
AustraliaPound1.990 6215.625 00.446 429224.000
AustriaSchilling0.034 179 6910.00026.000 03.846 15
BelgiumFranc0.017 773 41,750.0050.000 02.000 00
BoliviaBoliviano0.004 677 226,650.00190.0000.526 316
BrazilCruzeiro0.048 036 3647.50018.500 05.405 41
BurmaKyatPar Value not yet established
Canada 1Dollar
CeylonRupee0.186 621166.6674.761 9021.000 0
ChilePeso0.028 666 81,085.0031.000 03.225 81
ChinaYuanPar Value not yet established
ColombiaPeso0.455 73368.249 31.949 9851.282 5
Costa RicaColón0.158 267196.5255.615 0017.809 4
CubaPeso0.888 67135.000 01.000 00100.000
CzechoslovakiaKoruna0.017 773 41,750.0050.000 02.000 00
DenmarkKrone0.128 660241.7506.907 1414.477 8
Dominican RepublicPeso0.888 67135.000 01.000 00100.000
EcuadorSucre0.059 244 7525.00015.000 06.666 67
EgyptPound2.551 8712.188 50.348 242287.156
El SalvadorColón0.355 46887.500 02.500 0040.000 0
EthiopiaDollar0.357 69086.956 52.484 4740.250 0
FinlandMarkka0.003 863 798,050.00230.0000.434 783
FranceFrancNo Par Value agreed with the Fund
Germany, Federal Republic ofDeutsche Mark0.211 588147.0004.200 0023.809 5
GreeceDrachmaPar Value not yet established
GuatemalaQuetzal0.888 67135.000 01.000 00100.000
HondurasLempira0.444 33570.000 02.000 0050.000 0
IcelandKróna0.054 567 6570.00016.285 76.140 36
IndiaRupee0.186 621166.6674.761 9021.000 0
IranRial0.027 555 71,128.7532.250 03.100 78
IraqDinar2.488 2812.500 00.357 143280.000
ItalyLiraPar Value not yet established
JapanYen0.002 468 5312,600.0360.0000.277 778
JordanDinarPar Value not yet established
LebanonPound0.405 51276.701 82.191 4845.631 3
LuxembourgFranc0.017 773 41,750.0050.000 02.000 00
MexicoPeso0.102 737302.7508.650 0011.560 7
NetherlandsGuilder0.233 861133.003.800 0026.315 8
NicaraguaCórdoba0.177 734175.0005.000 0020.000 0
NorwayKrone0.124 414250.0007.142 8614.000 0
PakistanRupee0.268 601115.7983.308 5230.225 0
PanamaBalboa0.888 67135.000 01.000 00100.000
ParaguayGuaraní0.148 112210.0006.000 0016.666 7
Peru2Sol
PhilippinesPeso0.444 33570.000 02.000 0050.000 0
SwedenKrona0.171 783181.0625.173 2119.330 4
SyriaPound0.405 51276.701 82.191 4845.631 3
ThailandBahtPar Value not yet established
TurkeyLira0.317 38298.000 02.800 0035.714 3
Union of South AfricaPound2.488 2812.500 0 (or 250 shillings)0.357 143280.000
United KingdomPound2.488 2812.500 00.357 143280.000
(or 250 shillings)
United StatesDollar0.888 67135.000 01.000 00100.000
UruguayPesoPar Value not yet established
VenezuelaBolivar0.265 275117.2503.350 0029.850 7
YugoslaviaDinar0.002 962 2410,500.0300.0000.333 333

The initial par value of the Canadian dollar, established on December 18, 1946, was 100.000 U. S. cents per Canadian dollar. On September 19, 1949, following consultation with the Fund, the par value of the Canadian dollar was changed to 90.9091 U. S. cents per Canadian dollar. On September 30, 1950, Canada introduced a new exchange system under which the exchange value of the Canadian dollar will be allowed to fluctuate, so that for the time being Canada will not ensure that exchange transactions within its territories will be based on the par value established on September 19, 1949. No new par value has been proposed to the Fund.

The initial par value of the sol, established on December 18, 1946, was 15.3846 U. S. cents per sol. In November 1949, Peru introduced a new exchange system, but no agreement on a new par value has been reached.

The initial par value of the Canadian dollar, established on December 18, 1946, was 100.000 U. S. cents per Canadian dollar. On September 19, 1949, following consultation with the Fund, the par value of the Canadian dollar was changed to 90.9091 U. S. cents per Canadian dollar. On September 30, 1950, Canada introduced a new exchange system under which the exchange value of the Canadian dollar will be allowed to fluctuate, so that for the time being Canada will not ensure that exchange transactions within its territories will be based on the par value established on September 19, 1949. No new par value has been proposed to the Fund.

The initial par value of the sol, established on December 18, 1946, was 15.3846 U. S. cents per sol. In November 1949, Peru introduced a new exchange system, but no agreement on a new par value has been reached.

Appendix X (ii) SCHEDULE OF PAR VALUES—as of May 30, 1953

SEPARATE CURRENCIES IN NON-METROPOLITAN AREAS OF MEMBERS
Member and

Non-Metropolitan Areas
Currency and Relation to

Metropolitan Unit
Par Values

In Terms of Gold
Par Values

In Terms of U. S. Dollars
Grams of fine gold per currency unitCurrency units per troy ounce of fine goldCurrency units per U.S. dollarU. S. cents per currency unit
BELGIUM
Belgian CongoFranc0.017 773 41,750.0050.000 02.000 00
(parity with Belgian franc)
FRANCE
French Indo-ChinaPiastrePar Value not yet established
French Possessions in IndiaRupee0.186 621166.6674.761 9021.000 0
French SomalilandDjibouti Franc0.004 145 077,503.73214.3920.466 435
ITALY
SomalilandSomaloPar Value not yet established
NETHERLANDS
SurinamGuilder (=2.015
0.471 23066.004 91.885 8553.026 4
Netherlands guilders)
Netherlands AntillesGuilder (=2.015
Netherlands guilders)
Netherlands New GuineaGuilderPar Value not yet established
UNITED KINGDOM
Gambia
West African Pound
2.488 2812.500 00.357 143280.000
Gold Coast
Nigeria(parity with sterling)
Sierra Leone
Southern RhodesiaSouthern Rhodesian
Northern RhodesiaPound (parity with sterling)
Nyasaland
CyprusCyprus Pound
(parity with sterling)
GibraltarGibraltar Pound
(parity with sterling)
MaltaMaltese Pound
(parity with sterling)
BahamasBahamas Pound
(parity with sterling)
BermudaBermuda Pound
(parity with sterling)
JamaicaJamaican Pound2.488 2812.500 00.357 143280.000
(parity with sterling)
Falkland IslandsFalkland Islands Pound
(parity with sterling)
Aden
British Somaliland
KenyaEast African Shilling0.124 414250.0007.142 8614.000 0
Uganda(20 per pound sterling)
Tanganyika
Zanzibar
Barbados
TrinidadBritish West Indian
British GuianaDollar (4.80 per0.518 39160.000 01.714 2958.333 3
Leeward Islandspound sterling)
Windward Islands
British HondurasBritish Honduras Dollar0.622 07050.000 01.428 5770.000 0
(4.00 per pound sterling)
MauritiusMauritius Rupee (13-1/3
Seychellesper pound sterling)
Seychelles Rupee (13-1/30.186 621166.6674.761 9021.000 0
per pound sterling)
FijiFijian Pound (1.11 per2.241 6913.875 00.396 429252.252
pound sterling)
TongaTongan Pound (1.25000 11.990 6215.625 00.446 429224.000
per pound sterling)
Hong KongHong Kong Dollar (160.155 517200.0005.714 2917.500 0
per pound sterling)
Malaya (Singapore and Federation of Malaya)Malayan Dollar
(8.571 428 57 per pound
sterling, or 2 shillings 4 pence per Malayan Dollar)0.290 299107.1433.061 2232.666 7
British North Borneo

Brunei
Sarawak

The relation of 1.2525 Tongan pounds per pound sterling, as initially communicated and confirmed on September 18, 1949, was corrected on August 2, 1950 to 1.25000.

The relation of 1.2525 Tongan pounds per pound sterling, as initially communicated and confirmed on September 18, 1949, was corrected on August 2, 1950 to 1.25000.

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