Under the Bretton Woods system,central bankers could obtain foreign currency loans from the

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The International Monetary Fund (IMF) was established under the Bretton Woods system to provide foreign currency loans to central bankers in order to stabilize exchange rates and facilitate international trade. The United States Treasury Department played a key role in establishing the IMF and providing its initial funding, but it was the IMF that provided the foreign currency loans to central bankers. The World Trade Organization was not established until 1995 and does not have the authority to provide foreign currency loans. The Bank of England was a key participant in the Bretton Woods system, but it did not provide foreign currency loans to central bankers.

Under the Bretton Woods System,central Bankers Could Obtain Foreign Currency