Chapter

General: Fund Assistance in Gold Transactions

Author(s):
International Monetary Fund
Published Date:
January 1965
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Members’ Gold Transactions

The Executive Board approves the Managing Director’s continuing to assist members by bringing governmental buyers and sellers of gold into contact. If there is a demand, the function may be performed as a regular service on the basis outlined in SM/52/6(2/7/52). It is understood that initially the service charge will be 1/32 per cent for each partner in a completed transaction, and that the charge will be reviewed later on the basis of experience.

Decision No. 103-(52/12)

February 21, 1952

Fund Assistance in Gold Transactions*

The Executive Board approves the extension of the Fund’s service in bringing buyers and sellers of gold into contact, on the basis outlined in SM/52/6(2/7/52), to cases in which one of the parties to the gold transaction is a member and the other is one of the following nonmembers or international organizations:

Switzerland

Bank for International Settlements

International Bank for Reconstruction and Development

In accordance with the foregoing, therefore, gold transactions under the service would always involve a member as buyer or seller, and all parties would be either governmental or international organizations.

Decision No. 316-(54/27)

May 27, 1954

Fund Assistance in Gold Transactions

1. The Executive Board approves the following extensions of the Fund’s service in bringing buyers and sellers of gold into contact, on the basis outlined in SM/52/6(2/7/52):

  • (a) the International Finance Corporation is added to the list of parties in the decision adopted at EBM/54/27(5/27/54);

  • (b) the service shall apply to gold transactions between an international organization covered by the service and any other party covered by the service.

Decision No. 572-(56/55)

November 21, 1956

Fund Assistance in Gold Transactions

The Inter-American Development Bank is added to the list of parties in the decisions adopted at Executive Board Meetings 54/27(5/27/54) and 56/55(11/21/56).

Decision No. 1033-(60/26)

May 20,1960

Fund Assistance in Gold Transactions

The International Development Association is added to the list of parties in the decisions adopted at Executive Board Meetings 54/27(5/27/54), 56/55(11/21/56), and 60/26(5/25/60).

Decision No. 1116-(60/51)

December 8,1960

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