Temporary Safeguard Measures. 1. Where, in exceptional circumstances, payments and capital movements between the Parties cause or threaten to cause serious difficulties for the operation of monetary policy or exchange rate policy in any Party, the Party concerned may take safeguard measures with regard to capital movements that are strictly necessary for a period not exceeding six months, provided that these measures are consistent with the Articles of Agreement of the International Monetary Fund. The application of safeguard measures may be extended through their formal reintroduction.
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