Article XXV. Liquidation of the Special Drawing Rights Department

International Monetary Fund

Author: International Monetary Fund

Language:: English

Keywords:: AA; Fund; agreement; decision of the board of governors; activities of the fund; allocation of special drawing rights; transactions in special drawing rights; obligations of the fund

Abstract

(a) The Special Drawing Rights Department may not be liquidated except by decision of the Board of Governors. In an emergency, if the Executive Board decides that liquidation of the Special Drawing Rights Department may be necessary, it may temporarily suspend allocations or cancellations and all operations and transactions in special drawing rights pending decision by the Board of Governors. A decision by the Board of Governors to liquidate the Fund shall be a decision to liquidate both the General Department and the Special Drawing Rights Department.

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Articles of Agreement

Author: International Monetary Fund

ISBN:: 9781475593549

Publication Date:: 14 Apr 2016

Publisher:: International Monetary Fund

DOI:: https://0-doi-org.library.svsu.edu/10.5089/9781475593549.013

Pages:: 134

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