[[1]] was established in the Bretton Woods Conference.

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[[1]] was established in the Bretton Woods Conference.

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Detailed Solution

International Monetary Fund was established in the Bretton Woods Conference.
The International Monetary Fund (IMF) is an international organisation formed with the aim of establishing international financial relations and exchange rates. The IMF photo effect is a special United Nations agency.The International Monetary Fund (IMF) is part of the United Nations system and has a formal partnership agreement with the UN but maintains its independence. The IMF often monitors the global economy, and its main purpose is to strengthen the economies of its member states. Specifically, the IMF was established for the purpose of
1)      Encouraging financial stability and globalisation
2)      Promoting the expansion and equitable expansion of international trade.
3)      Contribute to the ongoing development of a multinational payment system
It was built in 1944 at the Bretton Woods Conference. The Chinese yuan was recently included in the IMF's SDR basket.

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