Why do we need the IMF?
Smoothing the bumps in the flow of foreign exchange

Exchange Soft Currency for Hard Currency


Funny how one piece of paper can be worth more than another... You go to the First National Bank of Yak to exchange your doubloons, the currency of Yak, for Zedland shillings. At the bank, the teller says that you can't buy any shillings. She tells you that shillings are scarce in Yak right now. They aren't sure when the bank will get more.

What will you do?

Leave the bank without hard currency and go back to your shop. Put your name on a waiting list in case the bank gets some hard currency.
The IMF in Action Home Page