Decision ID: 001099

In February 2000 the 1992 Fund Executive Committee decided that in accordance with the Assembly’s decision in the Nakhodka case, the conversion of 135 million SDR into French Francs should be made on the basis of the value of that currency vis-à-vis the SDR on the date of the adoption of the Executive Committee’s Record of Decisions of its 6th session, ie 15 February 2000. Since the applicable rates would only be available on 17 February 2000, the Committee instructed the Director to make the necessary calculations and to report the result to the Committee’s 7th session.

Date: 01.02.2000
Category: Financial limits, limitation proceedings and indemnification
Subject: Maximum aggregate amount payable under the Conventions in accordance with Article 4.4 of the 1971 and 1992 Fund Conventions