Format:
Online-Ressource (72 p)
Edition:
Online-Ausg.
ISBN:
145195915X
,
9781451959154
Series Statement:
Pamphlet Series
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Fund's Concepts of Convertibility Washington, D.C. : International Monetary Fund, 1971 ISBN 9781451959154
Language:
English
DOI:
10.5089/9781451959154.054
