General: Investment of Fund’s Assets
Author: International Monetary Fund
Language:
English
Keywords:
SELD; matter of interpretation; Fund; exchange transaction; transaction; resources of the fund; quotas of the member; decision No. 595-3; Currencies; Multiple currency practices; Communications in revenue administration; Gold; Credit; Exchange restrictions; gold value; investment program; investment of fund's assets; willingness of the United States; gold to the fund; Mutual funds; Treasury bills and bonds; Personal income

Abstract

The Executive Board, observing that the Fund has had and may continue to have an excess of expenditure over income and that the greater part of the Fund’s administrative expenditures has been and will continue to be in United States dollars, considers that in the interest of good administration and conservation of the Fund’s resources it would be appropriate to raise income towards meeting the deficit by the investment of a portion of the Fund’s gold in a manner which will enable the Fund to reacquire gold at any time and will maintain the gold value of the investment.

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Cover Selected Decisions (1st Ed)
Selected Decisions (1st Ed)
Author: International Monetary Fund
ISBN:
9781475569223
ISSN:
1087-4275
Publication Date:
03 Sep 1962
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781475569223.014
Pages:
100