Transfer of Special Drawing Rights Held in the General Account to Participants Making Purchases from the Fund
Author: International Monetary Fund
Language:
English
Keywords:
SELD; fund; matter of interpretation; net income of the fund; capital transfer; decision No. 1238; exchange transaction; Currencies; Gold; Multiple currency practices; Credit; Exchange rates; Global; purchase of special drawing rights; transfer of special drawing rights; executive board decision No. 1371; participant in the special Drawing Account; General account to participant

Abstract

When a member which is a participant in the Special Drawing Account consults in accordance with Executive Board Decision No. 1371-(62/36), adopted July 20, 1962, on Currencies To Be Drawn and To Be Used in Repurchases, the Managing Director may propose that the participant request the purchase of special drawing rights not in excess of the amount which he shall indicate, for immediate use by the participant in a transaction under Article XXV, Section 2(a).

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Cover Selected Decisions (7th Ed)
Selected Decisions (7th Ed)
Author: International Monetary Fund
ISBN:
9781475520408
ISSN:
1087-4275
Publication Date:
01 Jan 1975
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781475520408.014
Pages:
260