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International Monetary Fund

Pursuant to Article XXX( f ) , and after consultation with the members concerned, the Fund determines that until further notice the deutsche mark, French franc, Japanese yen, pound sterling, and U.S. dollar are freely usable currencies. Decision No. 5719-(78/46 ) March 31, 1978

International Monetary Fund

Freely Usable Currencies Pursuant to Article XXX( f ) , and after consultation with the members concerned, the Fund determines that, effective January 1, 1999 and until further notice, the euro, Japanese yen, pound sterling, and U.S. dollar are freely usable currencies. Decision No. 11857-(98/130) December 17, 1998

International Monetary Fund. Finance Dept.

potential claim on the freely usable currencies of IMF members. The IMF may allocate SDRs unconditionally to members (participants) who may use them to obtain freely usable currencies in order to meet a balance of payments need without undertaking economic policy measures or repayment obligations. After a brief introduction to the background and characteristics of the SDR, Sections 4.2 and 4.3 of this chapter describe the methods used to value the SDR and determine its yield (SDR interest rate). Section 4.4 then reviews the rules for allocation and cancellation of

International Monetary Fund. Finance Dept.

potential claim on the freely usable currencies of IMF members. The IMF may allocate SDRs unconditionally to members (participants) who may use them to obtain freely usable currencies in order to meet a balance of payments need without undertaking economic policy measures or repayment obligations. After a brief introduction to the background and characteristics of the SDR, Sections 4.2 and 4.3 of this chapter describe the methods used to value the SDR and determine its yield (SDR interest rate). Section 4.4 then reviews the rules for allocation and cancellation of