International monetary fund stabilization programs

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Foreign Account Tax Compliance Act. Bank Secrecy Act - Fincen and more. Historic Treasury Building. Weekly Public Schedule Archive. Media Advisories Archive. Subscribe to Press Releases. The ESF can be used to purchase or sell foreign currencies, to hold U. The Secretary is responsible for the formulation and implementation of U. The ESF helps the Secretary to carry out these responsibilities.

By law, the Secretary has considerable discretion in the use of ESF resources. As amended in the late s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund IMF on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities.

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