Article V, Sections 3, 4, and 5
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
01 Apr 1970
Keywords:
SELD; transaction; exchange transaction; matter of interpretation; decision No. 1238; capital transfer; payment of interest; Currencies; Gold; Multiple currency practices; Exchange rates; Currency convertibility; Africa; Fund's holding; Fund member; Fund policy; Fund free; gold depository; Credit; Reserve assets

Abstract

The Executive Directors of the International Monetary Fund interpret the Articles of Agreement to mean that authority to use the resources of the Fund is limited to use in accordance with its purposes to give temporary assistance in financing balance of payments deficits on current account for monetary stabilization operations.

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Cover Selected Decisions (4th Ed)
Selected Decisions (4th Ed)
ISBN:
9781484328071
ISSN:
1087-4275
Publication Date:
01 Apr 1970
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484328071.014
Pages:
203