One of the major problems that had to be dealt with after the establishment of the International Financial Control Commission of 1898 was to ensure that money essential for trade would circulate, without inflation and without deterioration of the country's exchange rate.

The volume of money in circulation had to be limited in such a way that domestic economic activity was not limited.

In this period began the paying off of foreign loans, following the provision that no new loans be contracted apart from those that allowed the payment of indemnities of the 1897 war. After 1900 foreign trade improved, and although deficient (imports exceeded exports), the deficit of 70 per cent at the beginning of the period fell to just 5 per cent towards the end. At the same time, invisible resources, such as the wages of sailors and of emigrants in particular, rose considerablly. In addition, an influx of capital from mercantile communities (paroikies) into the national capital was observed, which is related to the positive picture of Greek economy and the confidence it began to inspire once again among capitalists abroad.

These developments improved the monetary and exchange status of Greece. The volume of money in circulation remained steady. The relation between the drachma and the French franc reached once more the levels of parity (103 per cent from 164 per cent in 1896). The stabilization and recovery of the economy was the result of the restrictive policy imposed by the International Financial Control Commission.