Article V, Section 6: Sales of SDRs by the Fund
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
30 Apr 1989
Keywords:
SELD; allocations of special drawing rights; decision No. 1238; capital transfer; rind's resource; SDR equivalent; Currencies; Multiple currency practices; Loans; Credit; Reserve positions; Global; Caribbean; West Africa; SDRS from the General Resources Account; amount of SDR; sales of SDR; member's SDR holding; equivalent amount

Abstract

1. Pursuant to Article V, Section 6(b) and (c), the Fund shall provide a member at its request with SDRs from the General Resources Account in exchange for an equivalent amount of the currencies of other members to enable the member to pay SDRs in order to increase its quota under Board of Governors Resolution No. 34-2 on the Seventh General Review of Quotas or in accordance with the provisions of that Resolution.

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Cover Selected Decisions (14th Ed)
Selected Decisions (14th Ed)
ISBN:
9781451970821
ISSN:
1087-4275
Publication Date:
30 Apr 1989
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781451970821.014
Pages:
566
Front Matter
Selected Decisions of the Executive Board and Related Documents
Article III: Quotas and Subscriptions
Article IV: Exchange Arrangements
Article V, Section 2(b): Financial and Technical Services
Article V, Section 3(a), (b), and (c): Use of Fund’s Resources
Article V, Section 3(d) and (f): Use of Fund’s Resources
Article V, Section 5: Ineligibility to Use the Fund’s General Resources
Article V, Section 7: Repurchases
Article V, Sections 8 and 9: Charges and Remuneration
Article V, Sections 10 and 11 Rates for Computations and Maintenance of Value
Article V, Section 12(f) Special Disbursement Account*
Article VI, Section 1. Use of Rind’s Resources for Capital Transfers
Article VI, Section 3 Controls on Capital Transfers
Article VII: Borrowing
Article VIII, Section 2(b): Unenforceability of Exchange Contracts
Article VIII and Article XIV: Payments Restrictions
Article IX, Section 7: Privilege for Communications
Article XII, Section 3: Executive Directors
Article XII, Section 7: Publication of Reports
Article XIV: Restrictions on Payments and Transfers: Withdrawal
Article XV, Section 2: Valuation of the Special Drawing Right
Article XVII, Section 3: Special Drawing Rights: Other Holders
Article XVIII, Section 2: Allocation of Special Drawing Rights
Article XIX, Section 2: Special Drawing Rights: Additional Uses
Article XIX, Section 5: Designation of Participants to Provide Currency
Article XIX, Section 6: Reconstitution
Article XIX, Section 7(a): Exchange Rates
Article XX, Section 2: Charges
Article XXVI: Interpretation
Article XXX(C): Calculation of Reserve Tranche: Exclusion of Purchases and Holdings
Article XXX(f): Freely Usable Currencies
General: Trust Fund
Selected Resolutions of the Board of Governors and Related Documents
Selected Documents Relating to the Fund and the United Nations
Back Matter