22 U.S.C. § 286n — Special Drawing Rights
submitted 58 years ago by Pub. L. 90-349 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 89 words · no verdicts yet
The President is authorized to accept the 1968 amendment to the IMF's Articles of Agreement. That amendment created Special Drawing Rights (SDRs) at the IMF and made certain other rule changes. The President is also authorized to have the U.S. take part in the IMF's special drawing account.
The President is hereby authorized (a) to accept the amendment to the articles of agreement of the International Monetary Fund (hereinafter referred to as the “Fund”), attached to the April 1968 report by the Executive Directors to the Board of Governors of the Fund, for the purpose of (i) establishing a facility based on Special Drawing Rights in the Fund and (ii) giving effect to certain modifications in the present rules and practices of the Fund, and (b) to participate in the special drawing account established by the amendment.
Source credit: (Pub. L. 90–349, § 2, June 19, 1968, 82 Stat. 188.)
- 1968Enacted · Pub. L. 90-349 · 82 Stat. 188
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-349 on 1968-06-19.
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