Frank26
What is Article 12 of the IMF?
The rate. That's exactly what it is...The IMF demands a country has a currency that can move in and out of the country. The IMF demands all currencies around the world have the ability to go into this country and also exit.
That's article VIII. Article VIII is the freedom of that nation's currency to move in and out and other foreign currencies that are in there as well too. Article VIII removes all restrictions...We're way past Article VIII. We're at Article 14...Implementation of the new exchange rate.
