Article III Quotas and Subscriptions

International Monetary Fund

Author: International Monetary Fund

Language:: English

Keywords:: AA; Fund; agreement; special drawing rights; holdings of a member's currency; holdings of the currency; quotas of the member; judgment of the fund; quota of a member

Abstract

Each member shall be assigned a quota expressed in special drawing rights. The quotas of the members represented at the United Nations Monetary and Financial Conference which accept membership before December 31, 1945 shall be those set forth in Schedule A. The quotas of other members shall be determined by the Board of Governors. The subscription of each member shall be equal to its quota and shall be paid in full to the Fund at the appropriate depository.

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Articles of Agreement

Author: International Monetary Fund

ISBN:: 9781616351045

Publication Date:: 15 Sep 2011

Publisher:: International Monetary Fund

DOI:: https://doi.org/10.5089/9781616351045.013

Pages:: 136

Abstract
Section 1. Quotas and payment of subscriptions
Section 2. Adjustment of quotas
Section 3. Payments when quotas are changed
Section 4. Substitution of securities for currency

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