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4 Overeenkomst betreffende het Internationale Monetaire Fonds

Settlement of Accounts with Members Withdrawing

If the Fund's holdings of the currency of a withdrawing member exceed the amount due to it, and if agreement on the method of settling accounts is not reached within six months of the date of withdrawal, the former member shall be obligated to redeem such excess currency in a freely usable currency. Redemption shall be made at the rates at which the Fund would sell such currencies at the time of withdrawal from the Fund. The withdrawing member shall complete redemption within five years of the date of withdrawal, or within such longer period as may be fixed by the Fund, but shall not be required to redeem in any half-yearly period more than one-tenth of the Fund's excess holdings of its currency at the date of withdrawal plus further acquisitions of the currency during such half-yearly period. If the withdrawing member does not fulfill this obligation, the Fund may in an orderly manner liquidate in any market the amount of currency which should have been redeemed.

Regeling
Overeenkomst betreffende het Internationale Monetaire Fonds
Afkortingen
Bretton Woods, IMF-Verdrag
Soort
Verdrag
Geldend vanaf
03-03-2011
BWB-id
BWBV0005521
Versie
2011-03-03_0

In de hele regeling · Officiële tekst op wetten.overheid.nl