01871cas a2200313 a 4500 AALejournalIMF010856 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451959154 0538-8759 BD-DhAAL BD-DhAAL International Monetary Fund. Fund's Concepts of Convertibility. Washington, D.C. : International Monetary Fund, 1971. 1 online resource (72 pages) Pamphlet Series <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the IMF's concepts of convertibility and gives some impression of their purposes. The central concept of convertibility in the Articles is the convertibility of Article VIII, Sections 2, 3, and 4. Under it, the basic rule is that members must avoid restrictions on the making of payments and transfers for current international transactions, multiple currency practices, and discriminatory currency arrangements. In addition, a member that has accepted the obligations of Article VIII must convert balances of its currency in certain circumstances when those balances are presented for conversion by the monetary authorities of another member. Mode of access: Internet Convertibility Clause imf Currency Arrangement imf Currency Undertaking imf Deutsche Mark imf PAM imf United States imf Pamphlet Series Full text available on IMF http://elibrary.imf.org/view/books/054/15240-9781451959154-en/15240-9781451959154-en-book.xml IMF e-Library