... 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...

... 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...

... 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...