What IMF gold can be restituted (returned) to its members?
• The Articles provide for restitution of the gold the IMF held on the date of the Second Amendment to current members that were members of the IMF on August 31, 1975. The restitution of gold to this group of members would be implemented by selling gold, at the former official price of SDR 35 per ounce (about US$56), to those members who agree to buy it in proportion to their quotas on the date of the Second Amendment. (An Executive Board decision to restitute gold requires support from an 85 percent majority of the total voting power.) • The Articles do not provide for the restitution of gold the IMF has acquired after the date of the Second Amendment. Hence, the 403.3 metric tons of gold the IMF has acquired since the Second Amendment is not available to be restituted to members.
