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What is the role of the International Monetary Fund?
The essence is created by the United States in order to maintain the hegemonic position of the dollar in the world currency. The official introduction is: the purpose of the organization is to promote international monetary cooperation through a permanent institution and provide methods for consultation and cooperation on international monetary issues; Through the expansion and balanced development of international trade, the primary goal of economic policy is to promote and maintain the employment, development of production resources and high-level real income of member countries; Stabilize the international exchange rate, maintain orderly exchange rate arrangements among member countries, and avoid competitive exchange rate depreciation; Assist member countries to establish a multilateral payment system for regular transactions and abolish foreign exchange controls that hinder world trade; Under the condition of proper guarantee, the IMF temporarily provides ordinary funds to member countries, so that they are confident to take this opportunity to correct the imbalance of international payments without taking measures that endanger their own or international prosperity; According to the above objectives, we will shorten the time and reduce the imbalance of international payments among member States. The fund of the organization comes from the share subscribed by each member. Members have the right to draw, that is, to borrow foreign exchange according to a certain proportion of their paid shares. 1969 created the currency (accounting) unit of "special drawing rights" as a supplement to international circulation means to alleviate the international income deficit of some members. Members have the obligation to provide economic information, and accept the supervision of the organization in foreign exchange policy and management, and play a pivotal role in the international monetary system.