... commodities to serve as international liquidity reserves, and the fund’s banking department. The gold‐export point does not allow the foreign exchange rate to increase more than a few pennies above the official parity. The few pennies represent the cost of transportation and insurance for one unit of gold...

... for a free, just and stable economy and society: reform of officially organized securities commodities and foreign exchange makets; reform of the public budget and budgetary policies; and reform of the foreign exchange system and internaitonal commercial and financial relations. The difficulty lies...

... unification in international markets, a unification which, however, was weakened by a strong imbalance in its national structure. The inverted pyramid at the national level did not permit the fruits of international stability of foreign exchange rates to penetrate, without other difficulties...