Common use of LIMITATION ON THE FUND'S OPERATIONS Clause in Contracts

LIMITATION ON THE FUND'S OPERATIONS. Except as otherwise provided in this Agreement, operations on the account of the Fund shall be limited to transactions for the purpose of supplying a member, on the initiative of such member, with the currency of another member in exchange for gold or for the currency of the member desiring to make the purchase.

Appears in 7 contracts

Sources: Agreement of the International Monetary Fund, International Finance Agreements, Articles of Agreement of the International Bank for Reconstruction and Development