Article V, Section 7: Repurchase Obligations
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Language:
English
Print Publication Date:
04 Jan 1965
Keywords:
SELD; transaction; Fund; exchange transaction; resources of the fund; gold transaction; quotas of the member; gold payment; Currencies; Gold; Multiple currency practices; Credit; Fund's holding; holdings of the convertible currency of a member; gold to the Fund; monetary reserves data; Currency convertibility; Reserve assets

Abstract

Until further notice, where a member has an accrued repurchase obligation in currency under Art. V, Sec. 7(b), and Schedule B and discharges part or all of that obligation by a sale of gold to the Fund for that currency under Art. V, Sec. 6(a), as provided in paragraph 3 of the decision of the Executive Board at EBM 648 (3/8/51), such gold shall be purchased by the Fund without collecting the estimated costs of later possible conversion of the gold into that currency as permitted under Rule G-7 of the Rules and Regulations, it being understood that the existing requirements as to the form and delivery of such gold would remain in effect.

Within Same Series

Other IMF Content

Other Publishers Content

  • Collapse
  • Expand
Cover Selected Decisions (3rd Ed)
Selected Decisions (3rd Ed)
ISBN:
9781475532319
ISSN:
1087-4275
Publication Date:
04 Jan 1965
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781475532319.014
Pages:
201