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It was reported on March 16, 1958, that the government of the Netherlands had informed the International Monetary Fund that it no longer required its 68, 750, 000 stand-by arrangement, in view of the improved reserve position of the Netherlands Bank. Accordingly, the arrangement, which was to have continued for one year from September 12, 1957, was cancelled as of the close of business on March 11.
A Wed, study studied this question.