What's New Site Map Site Index Contact Us Glossary Search Search IMF Entire Site IMF Survey Magazine Home About the IMF Research at the IMF Country Info News Data and Statistics Publications Articles of Agreement of IMF
Search the Articles of Agreement
Search Tips
Disclaimer See also: Article IV of the Fund's Articles of Agreement - An Overview of the Legal Framework
June 28, 2006 Selected Decisions and Selected Documents of the IMF By-Laws Rules and Regulations of the IMF Members Quotas Shares, Governors,herve leger fall, and Voting Power Executive Directors and Voting Power Senior Officials Organization IMF at a Glance - a factsheet Article IV Staff Reports Articles of Agreement of the International Monetary Fund Article IV - Obligations Regarding Exchange Arrangements
Section 1. General obligations of members
Recognizing that the necessity purpose of the international monetary system namely to provide a framework that facilitates the exchange of merchandise, services, and capital between,0 countries, and that sustains sound economic growth,tory burch sale shoes, and that a principal objective namely the chronic development of the orderly underlying conditions that are necessary for financial and economic stability,christian louboutin shoes sale, each member undertakes to collaborate with the Fund and other members to guarantee orderly exchange arrangements and to promote a stable system of exchange rates. In particular, each member shall:
(i)
endeavor to direct its economy and financial policies toward the objective of fostering orderly economy growth with reasonable cost stability, with due regard to its circumstances;
(ii)
quest to promote stability by fostering orderly underlying economic and financial conditions and a monetary system that does not tend to generate unstable disruptions;
(iii)
lest manipulating exchange rates or the international monetary system in array to prevent efficient poise of remittances adjustment or to obtain,0 an unjust competitive avail over other members; and
(iv)
emulate exchange policies compatible with the enterprises under this Section.
Section 2. General exchange arrangements
(a) Each member shall notify the Fund, among thirty days afterward the date of the second revision of this Agreement,
Vibram Five Fingers Treksport women,yves saint laurent shoes sale, of the exchange arrangements it intends to apply in fulfillment of its obligations under Section 1 of this Article,ferragamo shoes, and shall notify the Fund promptly of any changes in its exchange arrangements.
(b) Under an international monetary system of the variety preponderating on January 1,herve leger scent, 1976, exchange arrangements may include (i) the conservation by a member of a value for its currency in terms of the particular,0 painting right or another denominator, other than gold, selected by the member, or (ii) cooperative arrangements by which members maintain the value of their currencies in relation to the value of the currency or currencies of other members, or (iii) other exchange arrangements of a member's choice.
(c) To agreement with the development of the multinational monetary system,tory burch flats bargain, the Fund,ysl discount shoes, by one eighty-five percent majority of the aggregate election power, may make provision for general commute preparations without limiting the right of members to have exchange arrangements of their choice persistent with the purposes of the Fund and the obligations below Section 1 of this Article.
Section 3. Surveillance over exchange arrangements
(a) The Fund shall oversee the international monetary system in order to ensure its effective action,manolo shoes, and shall oversee the obedience of every,0 member with its obligations under Section 1 of this Article.
(b) In order to achieve its functions under (a) on,dark christian louboutin peep-toe shoes, the Fund shall discipline tight surveillance over the exchange rate policies of members,yves saint laurent shoes on sale, and shall adopt specific principles for the guidance of all members with respect to those policies. Each member shall invest the Fund with the information essential for such surveillance,discount herve leger, and, when requested by the Fund,herve perfume, shall consult with it aboard the member's exchange rate policies. The principles adopted by the Fund shall be consistent with cooperative arrangements by which members retain the value of their currencies in narration to the worth of the currency or currencies of other members,miu miu shoes, as well consist in ... other exchange arrangements of a member's choice consistent with the purposes of the Fund and Section 1 of this Article. These principles shall respect the domestic social and political policies of members, and in application these principles the Fund shall pay due regard to the circumstances of members.
Section 4. Par values
The Fund may decide, by an eighty-five percent majority of the total voting power, that international economic conditions allow the introduction of a extensive system of exchange arrangements based on settled merely adjustable par values. The Fund shall make the decision on the root of the underlying stability of the earth economy,christian louboutin discount, and for this purpose shall bring,0 into account price campaigns and rates of expansion in the economies of members. The determination shall be made in light of the development of the international monetary system, with particular reference to sources of liquidity,christian louboutin wedding shoes, and,ysl shoes sale, in order to ensure the effective operation of a system of par values,low ysl shoes, to arrangements under which both members in extra and members in shortage in their balances of payments take prompt, effective, and symmetrical action to accomplish adjustment, as well as to arrangements for intervention and the treatment of imbalances. Upon making such resolve,
air max sale store, the Fund shall notify members that the provisions of Schedule C apply.
Section 5. Separate currencies within a member's territories
(a) Action by a member with adore to its money under this Article shall be deemed to apply to the divide currencies of whole,0 territories in respect of which the membership has approved this Agreement under Article XXXI, Section 2(g) unless the member declares namely its operation relates both to the metropolitan currency single,jimmy choo discount shoes, alternatively merely to an or more specified separate currencies,Tory Burch Shoes, or to the metropolitan currency and one or more specified divide currencies.
(b) Action by the Fund under this Article shall be deemed to narrate to all currencies of a member referred to in (a) above unless the Fund declares otherwise.
< Previous | Table of Contents | Next >
Home What's New Site Map Site Index About the IMF Research by the IMF Country Info News Data and Statistics Publications Copyright and Usage Privacy Policy How apt Contact Us ???? 中文 Francais 日本语 Русский Espanol
burberry shoes Coding4Fun
yves st laurent shoes Find Web Hosting Articles and Web Hosting Buyer Guides in Article Central.
Tory Burch Article 6ter of the Paris Convention
my christian louboutin Amazon Reinventing the Book Newsweek The Technologist Newsweek.com
red sole shoes Article 12 in Scotland, Young People's Views and Rights
duplicate christian louboutin Article Directory for RSS Re
yves saint laurent Todd S. Purdum on Sarah Palin vanityfair.com
Fortean Times Magazine Articles
louis vuitton keychain Articles - Directions Magazine
tori burch shoes Article Directory for RSS Related Articles
FiveFingers is the latest example of the relentless commitment to research and product innovation at Vibram. Industrial Designer, Robert using a three-dimensional infrared kinematic system .The
Nike Air Max shoe uses a large air cushioning unit at the heel which is visible from the side of the midsole in most models. "Tube Air" which is visible in several small circles on the midsole of the shoe, "Total Air" which is basically just another word for full
Air Max cushioning, Different types of Air Max cushioning include "Air Max2" which does not have the "holes" in the cushioning unit and is of high pressure.Five Fingers have helped me be a kid again: as a kid, I never wore shoes, preferring always to be barefoot everywhere.
Brandon Roy One-Hand Tomohawk ashore David Lee_659-vibram trek ls tods-nike wind
Etienne Aigner Read (Women’s) – Black Leather-Patent_313
What the Manolo Is…_2322-vibram trek ls tods-nike ventilation max2003
herve leger fall Articles o-vibram trek ls tods-di
Linear Mode
