The "White Plan" advocates the establishment of an international monetary stabilization fund after the war, with a total capital of US$5 billion, subscribed by each member state in gold, national currency and government securities. The subscription share depends on the gold and foreign exchange of each member state.
Factors such as reserves, national income and balance of payments.
The "Plan" proposes to establish an international monetary unit that is linked to the U.S. dollar and has a fixed gold content - "Unit". It can be exchanged with gold, freely transferred among member countries, and can be used to purchase foreign exchange for a "fund"
, to make up for the balance of payments deficit.
Member countries should fix the exchange rate of their currencies and cannot change it arbitrarily without the consent of the "Fund".
If a member country encounters a temporary balance of payments deficit, it can apply to purchase the required foreign currency using its national currency 1 "Fund", but the amount shall not exceed the country's subscribed share of the fund.
The "Plan" stipulates that creditor countries can handle their balance of payments surpluses on their own, and debtor countries9 should unilaterally adjust their balance of payments deficits; the "Fund" should have the initiative to supervise and intervene in the domestic economic affairs of member states; and
Voting on issues must be passed by a 4/5 majority vote, and the voting rights of member states9 shall be determined by the shares paid by each country1 "Fund"; the headquarters of the "Fund" must be located in the country with the largest subscribed share.