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Netzer 2001 Calorie Counter A core responsibility of the IMF is to oversee the international monetary system and monitor the economic and financial policies of its 189 member countries, an activity known as surveillance. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. 24 of 1991, CBN Decree Amendments 1993,No. 3 of 1997,No. 4 of 1997,No. 37 of 1998,No. 38 of 1998,1999 and CBN Act of 2007. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) 2015. The Future of Productivity, Joint Economics Department and the Directorate for Science, Technology and Innovation Policy Note, July 2015 El Futuro de la Productividad, Nota conjunta de política del Departamento de Asuntos Económicos y de la Dirección de Ciencia, Tecnología e Innovación, julio de 2015. No. 28, July 2015. 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