Document ID: chunk:federal_register_of_legislation:C1968A00130:body:0:p10
Version: federal_register_of_legislation:C1968A00130
Segment Type: other
Provision Reference: 
Character Range: 22447–25254

purposes of this definition the Fund may exclude purchases and holdings under policies on the use of its resources for compensatory financing of export fluctuations."

J
Article XX
FINAL PROVISIONS
The title of Article XX shall read:
   "INAUGURAL PROVISIONS"

K
The following Articles XXI through XXXII shall be added after Article XX:
"Article XXI
SPECIAL DRAWING RIGHTS
Section 1. Authority to allocate special drawing rights
   To meet the need, as and when it arises, for a supplement to existing reserve assets, the Fund is authorized to allocate special drawing rights to members that are participants in the Special Drawing Account.
Section 2. Unit of value
   The unit of value of special drawing rights shall be equivalent to 0.888 671 gram of fine gold.

   Article XXII
GENERAL ACCOUNT AND SPECIAL DRAWING ACCOUNT
Section 1. Separation of operations and transactions
   All operations and transactions involving special drawing rights shall be conducted through the Special Drawing Account. All other operations and transactions of the Fund authorized by or under this Agreement shall be conducted through the General Account. Operations and transactions pursuant to Article XXIII, Section 2, shall be conducted through the General Account as well as the Special Drawing Account.
Section 2. Separation of assets and property
   All assets and property of the Fund shall be held in the General Account, except that assets and property acquired under Article XXVI, Section 2, and Articles XXX and XXXI and Schedules H and I shall be held in the Special Drawing Account. Any assets or property held in one Account shall not be available to discharge or meet the liabilities, obligations, or losses of the Fund incurred in the conduct of the operations and transactions of the other Account, except that the expenses of conducting the business of the Special Drawing Account shall be paid by the Fund from the General Account which shall be reimbursed from time to time by assessments under Article XXVI, Section 4, made on the basis of a reasonable estimate of such expenses.
Section 3. Recording and Information
   All changes in holdings of special drawing rights shall take effect only when recorded by the Fund in the Special Drawing Account. Participants shall notify the Fund of the provisions of this Agreement under which special drawing rights are used. The Fund may require participants to furnish it with such other information as it deems necessary for its functions.

Article XXIII
PARTICIPANTS AND OTHER HOLDERS OF SPECIAL DRAWING RIGHTS
Section 1. Participants
   Each member of the Fund that deposits with the Fund an instrument setting forth that it undertakes all the obligations of a participant in the Special Drawing Account in accordance with its law and that it has taken all