Purposes and Amounts. In light of the international effort to ensure the adequacy of the financial resources available to the Fund, and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance, particularly to developing and emerging market countries affected by the global financial crisis, the PBC agrees to purchase from the Fund promissory notes, which shall be issued in accordance with the terms of this Agreement and the General Terms and Conditions for International Monetary Fund Series A and Series B Notes attached as Annex I to this Agreement (the “Notes”). Notes in a total principal amount of up to the equivalent of SDR 32 billion (equivalent to RMB 341.2 billion as of August 25, 2009) shall be issued under this Agreement, of which the first SDR 15 billion in total principal amount shall comprise Series A Notes and the remainder shall comprise Series B Notes. Series A and Series B Notes are identical, except that only Series A Notes are eligible for early payment on demand under certain circumstances, as specified in paragraph 7 of the General Terms and Conditions.
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