Article XXIII Suspension of Operations and Transactions in Special Drawing Rights
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
15 Sep 2011
Keywords:
AA; Fund; agreement; special drawing rights; activities of the fund; transactions in special drawing rights; right of the participant; article xxiii suspension; Bank resolution

Abstract

In the event of an emergency or the development of unforeseen circumstances threatening the activities of the Fund with respect to the Special Drawing Rights Department, the Executive Board, by an eighty-five percent majority of the total voting power, may suspend for a period of not more than one year the operation of any of the provisions relating to operations and transactions in special drawing rights, and the provisions of Article XXVII, Section l(b), (c), and (d) shall then apply.

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Cover Articles of Agreement
Articles of Agreement
ISBN:
9781616351045
Publication Date:
15 Sep 2011
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616351045.013
Pages:
136
Front Matter
Article I Purposes
Article II Membership
Article III Quotas and Subscriptions
Article IV Obligations Regarding Exchange Arrangements
Article V Operations and Transactions of the Fund
Article VI Capital Transfers
Article VII Replenishment and Scarce Currencies
Article VIII General Obligations of Members
Article IX Status, Immunities, and Privileges
Article X Relations with Other International Organizations
Article XI Relations with Non-Member Countries
Article XII Organization and Management
Article XIII Offices and Depositories
Article XIV Transitional Arrangements
Article XV Special Drawing Rights
Article XVI General Department and Special Drawing Rights Department
Article XVII Participants and Other Holders of Special Drawing Rights
Article XVIII Allocation and Cancellation of Special Drawing Rights
Article XIX Operations and Transactions in Special Drawing Rights
Article XX Special Drawing Rights Department Interest and Charges
Article XXI Administration of the General Department and the Special Drawing Rights Department
Article XXII General Obligations of Participants
Article XXIV Termination of Participation
Article XXV Liquidation of the Special Drawing Rights Department
Article XXVI Withdrawal from Membership
Article XXVII Emergency Provisions
Article XXVIII Amendments
Article XXIX Interpretation
Article XXX Explanation of Terms
Article XXXI Final Provisions
SCHEDULES
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