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Book Cover
E-book
Author International Monetary Fund.

Title Fund's Concepts of Convertibility / International Monetary Fund
Published Washington, D.C. : International Monetary Fund, 1971

Copies

Description 1 online resource (72 pages)
Series Pamphlet Series, 0538-8759
Pamphlet Series
Summary This paper examines the IMF's concepts of convertibility and gives some impression of their purposes. The central concept of convertibility in the Articles is the convertibility of Article VIII, Sections 2, 3, and 4. Under it, the basic rule is that members must avoid restrictions on the making of payments and transfers for current international transactions, multiple currency practices, and discriminatory currency arrangements. In addition, a member that has accepted the obligations of Article VIII must convert balances of its currency in certain circumstances when those balances are presented for conversion by the monetary authorities of another member
Notes Print version record
Subject Exchange Rate.
Exchange Transactions.
Monetary Authorities.
Monetary Fund.
Multiple Currency Practices.
United States.
Form Electronic book
Author International Monetary Fund.
ISBN 145195915X
9781451959154