IMF adlib - 1964 - "International Reserve Units" Compared With Gold Tranche Positions in the Fund

Prepared by the Research & Statistics Department March 16, 1964

Content:
 
1. "International Reserve Units"
...
2. Gold Tranche Positions in the Fund
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3. Similarities Between Reserve Units and Gold Tranche Positions
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4. Differences Between Reserve Units and Gold Tranche Positions
 ...

Extract:
 
"The Bernstein plan does not spell out how positions created proportional to quotas can be held proportional to gold holdings (unless quotas are proportional to gold holdings, which does not appear to be the intention). This point could be resolved by countries trading gold for units among themselves, or by some kind of transitional provisions."


Extracts from Mr. Bernstein's Paper on "A Practical Program for International Monetary Reserves"

Foreign Exchange as Reserve Units

Source: http://adlib.imf.org/digital_assets/wwwopac.ashx?command=getcontent&server=webdocs&value=EB/1964/DM/254005.PDF