Article V, Section 6: Sales of SDRs by the Fund
- International Monetary Fund
- Published Date:
- May 2007
Sales of SDRs by the Fund
1. Pursuant to Article V, Section 6(b) and (c), the Fund shall provide a member at its request with SDRs from the General Resources Account in exchange for an equivalent amount of the currencies of other members to enable the member to pay SDRs in order to increase its quota under Board of Governors Resolution No. 34-2 on the Seventh General Review of Quotas or in accordance with the provisions of that Resolution.
2. The amount of SDRs a member may receive under this decision shall not exceed the difference between the amount of the member’s SDR holdings and the amount of its quota payment due in SDRs at the time of payment.
Decision No. 6663-(80/160) S,
October 31, 1980