On this day, 45 years ago, on April 17, 1980 (March 3, 1980 in the lunar calendar), the International Monetary Fund formally decided to restore my country's representation. On April 17, 1980, the International Monetary Fund formally decided to restore the representation of the People's Republic of China in the organization. The International Monetary Fund is an international financial institution established in accordance with the "International Monetary Fund Agreement" adopted at the United Nations Monetary and Financial Conference in July 1944. It was officially established in December 1945. Its purpose is to discuss and promote international monetary cooperation, provide medium and short-term loans to member states, resolve temporary imbalances in their balance of payments, and promote the stability of currencies and exchange rates and the development of international trade. The organization created the "Special Drawing Rights" in 1969, which is distributed proportionately based on the shares paid by member states. It can be used as member states 'monetary reserves together with gold and foreign exchange. It is now used by organizations such as the International Monetary Fund as its shares and loans. The unit of account. The organization's funds mainly come from fund shares paid by member states (totaling 39 billion special drawing rights) and borrowings in the international capital market. Its highest authority is the board of directors, and daily work is handled by the executive board of directors. The voting rights of directors are proportional to the share of member funds they represent. The International Monetary Fund's loans are limited to loans to the governments of member states, which are mainly used to resolve the balance of payments imbalance of member states; the loan amount is proportional to the share paid by member states; the loan adopts the method of applying for foreign exchange by member states in their own currencies to the IMF, also known as purchase or withdrawal; when repaying, the national currency is bought back in gold or foreign exchange, which is called repurchase. The types of loans issued by the IMF include: ordinary loans (including gold share loans, first-class credit loans, and high-end credit loans), export fluctuation compensation loans, buffer inventory loans, petroleum loans, medium-term loans, trust funds and supplementary loans.