The IMF as a ‘mantle of multilateral anonymity’: US-IMF-Brazil relations, 1956–9

Figures & data

Table 1. Brazilian multiple exchange-rate system at the beginning of 1956.

Primary sector	Free market	Invisibles and non-registered capital transactions
Secondary sector	Preferential imports	Newsprint, oil and oil derivatives, wheat and capital goods considered to be essential for economic development and national security
	Private imports	Five categories	Remaining imports ranging from essential to luxury
	Exports	First category	Coffee
		Second category	Cocoa and cocoa derivatives
		Third category	Majority of exports

Source: Letter EBS/55/40, Acting Secretary to Members of the Executive Board (hereafter Exeboard), August 31, 1955, ARC, Folder RC e bnde 1955.05.26, CPDOC-FGV (elaborated on by the author).