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Agreement Article 1

Without prejudice to the provisions of the other Articles of this Agreement, a Member which has informed the Fund of its intention to use transitional provisions may maintain and adapt to changing circumstances the restrictions on payments and transfers for ongoing international transactions which were in force at the time of its accession. However, in their exchange rate policies, Members shall be constantly attentive to the purposes of the Fund and, as soon as conditions permit, shall take all possible measures to conclude trade and financial agreements with other Members facilitating international payments and the promotion of a stable exchange rate system.

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