1. Without the consent of the International Monetary Fund, member countries shall not restrict the payment and capital transfer under the current account of 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 countries in current transactions, when the other party requests to exchange it to pay for its current transactions, the member countries should exchange gold or the other party's currency for local currency.
Extended data:
Purpose of the International Monetary Fund
The purpose of the organization is to promote international monetary cooperation through a permanent institution and provide methods for consultation and cooperation on international monetary issues; Through the expansion and balanced development of international trade, the primary goal of economic policy is to promote and maintain the employment, the development of production resources and the actual income level of member countries; Stabilize the international exchange rate, maintain orderly exchange rate arrangements among member countries, and avoid competitive exchange rate depreciation.
Assist member countries to establish a multilateral payment system for regular transactions and abolish foreign exchange controls that hinder world trade; Under the condition of proper guarantee, the IMF temporarily provides ordinary funds to member countries, so that they are confident to take this opportunity to correct the imbalance of international payments without taking measures that endanger their own or international prosperity; According to the above objectives, we will shorten the time and reduce the imbalance of international payments among member States.
Baidu Encyclopedia-International Monetary Fund