i-law is part of the Business Intelligence Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
This Protocol shall be open for signature by the States which have signed the Convention or which are Parties thereto.
(1) This Protocol shall be ratified.
(2) Ratification of this Protocol by any State which is not a Party to the Convention shall have the effect of ratification of the Convention.
(3) The instruments of ratification shall be deposited with the Belgian Government.
(1) States not referred to in Article III may accede to this Protocol.
(2) Accession to this Protocol shall have the effect of accession to the Convention.
(3) The instruments of accession shall be deposited with the Belgian Government.
(1) This Protocol shall come into force three months after the date of the deposit of six instruments of ratification or accession.
(2) For each State which ratifies this Protocol or accedes thereto after the sixth deposit, this Protocol shall come into force three months after the deposit of its instrument of ratification or accession.
(1) Any Contracting Party may denounce this Protocol by notification to the Belgian Government.
(2) The denunciation shall take effect one year after the date on which notification has been received by the Belgian Government.
(1) Each State may at the time of signature, ratification or accession or at any time thereafter declare by written notification to the Belgian Government which among the territories for whose international relations it is responsible, are those to which the present Protocol applies. The Protocol shall three months after the date of the receipt of such notification by the Belgian Government extend to the territories named therein, but not before the coming into force of the Protocol in respect to such State.
(2) This extension also shall apply to the Convention if the latter is not yet applicable to these territories.
(3) Any Contracting Party which has made a declaration under paragraph (1) of this Article may at any time thereafter declare by notification given to the Belgian Government that the Protocol shall cease to extend to such territories. This denunciation shall take effect one year after the date on which notification thereof has been received by the Belgian Government.
The instrument of ratification of Switzerland was accompanied by the following declaration:
“The Federal Council of Switzerland declares, with reference to paragraphs 6 and 8 of the International Convention of 10 October, 1957, introduced by Article II of the Protocol of 21 December, 1979, that Switzerland calculates Special Drawing Rights (SDR) in the following way:
The Swiss National Bank (SNB) notifies the International Monetary Fund (IMF) daily of the mean rate of the dollar of the United States of America on the Zurich currency market. The exchange value of one SDR in Swiss francs is determined from that dollar rate and the rate of the SDR in dollars calculated by IMF. On the basis of these values, SNB calculates a mean SDR rate which it will publish in its Monthly Gazette.”
The rest of this document is only available to i-law.com online
If you are already a subscriber, please enter your details below to log in.
Not yet an i-law subscriber?
Request a trial