Article XXXII (B) (2): Special Drawing Accounts: Currency Convertible in Fact
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
30 Sep 1972
Keywords:
SELD; Fund; transaction; matter of interpretation; exchange transaction; representative exchange rate; capital transfer; net income of the fund; Currencies; Gold; Multiple currency practices; Exchange rates; Currency convertibility; Africa; article XXXII; Netherlands guilder; middle rate; deutsche mark

Abstract

The Fund finds, after consultation with the Belgian authorities, that the representative exchange rate for Belgian francs under Rule 0-3 (ii) is the official quotation established in the Brussels exchange market. The Banque Nationale de Belgique will ascertain this rate each business day. If the exchange rate cannot be ascertained for a date required by Rule 0-4, the exchange rate for that date shall be the rate ascertained for the preceding business day.

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Cover Selected Decisions (6th Ed)
Selected Decisions (6th Ed)
ISBN:
9781484334478
ISSN:
1087-4275
Publication Date:
30 Sep 1972
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484334478.014
Pages:
221
Front Matter
Selected Decisions of the Executive Directors
Article III, Section 2: Adjustment of Quotas
Article III, Section 3: Subscriptions
Article III, Section 4: Payments when Quotas are Changed
Article IV, Section 2: Production Subsidies and Premium Prices for Gold
Article IV, Sections 3, 4, 5, and 8: Par Values and Margins
Article V, Sections 3, 4, and 5: Use of Fund’s Resources and Stand-By Arrangements
Article V, Section 6: Sales of Gold to the Fund
Article V, Section 7: Repurchase Obligations
Article VI, Section 1: Use of Fund’s Resources for Capital Transfers
Article VI, Section 3: Controls on Capital Transfers
Article VII, Section 2: Borrowing
Article VIII, Section 2(B): Unenforceability of Exchange Contracts
Article VIII and Article XIV: Payments Restrictions
Payments Arrears
Multiple Currency Practices
Article IX, Section 7: Privilege for Communications
Article XII, Section 3: Executive Directors
Article XII, Section 6: Establishment of a General Reserve from Net Income
Article XIV, Section 4: Restrictions on Payments and Transfers: Withdrawal
Article XV, Section 2: Interpretation
Article XVII: Amendment of the Articles of Agreement
Article XIX: Monetary Reserves and Official Holdings
Article XX, Section 4(I): Use of Fund’s Resources: Postponement Under Article XX, Section 4(I)
Article XXV, Section 6(A): Principles and Procedures for Reconstitution
Article XXV, Section 7: Use of Special Drawing Rights in Repurchases and Payment of Charges
Transfer of Special Drawing Rights Held in the General Account to Participants Making Purchases from the Fund
Article XXVI, Section 5: Special Drawing Account: Payment of Interest, Charges, and Assessments
Article XXXII(B)(1): Special Drawing Account: Currencies Convertible in Fact
Schedule B: Calculation of Repurchase Obligations
General: Fund Assistance in Gold Transactions
Selected Resolutions of the Board of Governors
Selected Documents
Back Matter