Current location - Trademark Inquiry Complete Network - Tian Tian Fund - IMF Article 8
IMF Article 8

Article 8 of the IMF reads as follows: 1. Without the consent of the Fund, member states shall not impose restrictions on payments and fund transfers under current accounts of the balance of payments such as trade and non-trade. 2. Discriminatory differential exchange rates or multiple exchange rate systems shall not be adopted.

.

3. For the domestic currency accumulated by other member states in regular transactions, when the other party requires exchange to pay for its regular transactions, the member states should exchange gold or the other party's currency for their own currency.

Extended information: The purpose of the International Monetary Fund is to promote international monetary cooperation through a permanent institution and provide methods for consultation and collaboration on international monetary issues; to promote and maintain employment in member countries through the expansion and balanced development of international trade.

, the development of productive resources and the level of real income as the primary goals of economic policy; stabilizing international exchange rates, maintaining orderly exchange arrangements among member countries, and avoiding competitive exchange depreciation.

Assist member countries to establish a multilateral payment system for current transactions and eliminate foreign exchange controls that hinder world trade; with appropriate guarantees, the IMF temporarily provides general funds to member countries so that they can confidently use this opportunity to correct problems in the balance of payments.

imbalance, without taking measures that endanger national or international prosperity; in accordance with the above purposes, shorten the time of member countries' international balance of payments imbalance, reduce the degree of imbalance, etc.