The agency that was established to encourage smooth functioning of money flows and to aid in stabilizing currencies is the

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The International Monetary Fund was established in 1944 to encourage smooth functioning of money flows among member countries and to aid in stabilizing currencies. It provides loans to member countries facing economic difficulties and also provides technical assistance to help countries build and maintain strong economic policy frameworks. The International Monetary Fund (IMF) was established to promote international monetary cooperation, facilitate international trade, promote exchange rate stability, and provide resources to help member countries in need of financial assistance. Its main purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries to transact with each other. The World Trade Organization (WTO) deals with global trade rules and regulations, while the World Bank provides financial and technical assistance to developing countries. The Organization for Economic Cooperation and Development (OECD) aims to promote economic growth and sustainable development in its member countries.

The Agency That Was Established to Encourage Smooth Functioning of Money