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IMF Agreement Articles of Agreement of the International Monetary Fund (Bretton Woods)
Section 1: Undertakings regarding relations with nonmember countries
Each member undertakes:
(i) not to engage in, nor to permit any of its fiscal agencies referred to in Article V, Section 1 to engage in, any transactions with a non-member or with persons in a nonmember’s territories which would be contrary to the provisions of this Agreement or the purposes of the Fund;
(ii) not to cooperate with a non-member or with persons in a non-member’s territories in practices which would be contrary to the provisions of this Agreement or the purposes of the Fund; and
(iii) to cooperate with the Fund with a view to the application in its territories of appropriate measures to prevent transactions with non-members or with persons in their territories which would be contrary to the provisions of this Agreement or the purposes of the Fund.
Section 2: Restrictions on transactions with nonmember countries
Nothing in this Agreement shall affect the right of any member to impose restrictions on exchange transactions with non-members or with persons in their territories unless the Fund finds that such restrictions prejudice the interests of members and are contrary to the purposes of the Fund.
Quelle: IMF
Import: