CELEX: 11992M/PRO/SEBC/31
Language: en
Date: 1992-02-07 00:00:00
Title: Treaty on European Union - Protocol on the statute of the european system of central banks and of the European Central Bank - Chapter VI: Financial provisions of the ESCB - Article 31: Foreign reserve assets meld by national central banks

Avis juridique important

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11992M/PRO/SEBC/31

Treaty on European Union - Protocol on the statute of the european system of central banks and of the European Central Bank - Chapter VI: Financial provisions of the ESCB - Article 31: Foreign reserve assets meld by national central banks  

Official Journal C 191 , 29/07/1992 P. 0075

 Article 31  Foreign reserve assets held by national central banks 31.1. The national central banks shall be allowed to perform transactions in fulfilment of their obligations towards international organizations in accordance with Article 23.  31.2. All other operations in foreign reserve assets remaining with the national central banks after the transfers referred to in Article 30, and Member States' transactions with their foreign exchange working balances shall, above a certain limit to be established within the framework of Article 31.3, be subject to approval by the ECB in order to ensure consistency with the exchange rate and monetary policies of the Community.  31.3. The Governing Council shall issue guidelines with a view to facilitating such operations.