| XV | Exchange arrangements | |
| 1 | Sees cooperation so that IMF handles exchange questions and Contracting Parties handle trade measures. | |
| 2 | Commits Contracting Parties to accepting IMF findings with respect to exchange matters covered in consultations. | |
| 3 | Commits Contracting Parties to "seek agreement with the Fund regarding procedures for consultation." | |
| 4 | Prohibits Contracting Parties from undermining trade agreements with exchange actions or vice versa. | |
| 5 | Commits Contracting Parties to report to the Fund exchange actions inconsistent with this Agreement | |
| 6 | Commits Contracting Parties to become IMF members or to "enter into a special exchange agreement" | |
| 7(a) | Special exchange agreements shall not undermine the objectives of this Agreement | |
| 7(b) | Terms of special exchange agreements shall not be more burdensome than IMF Agreements. | |
| 8 | Requires non-IMF members to provide information necessary to set up a special exchange agreement | |
| 9 | "Nothing in this Agreement shall preclude:" | |
| 9(a) | "exchange controls or exchange restrictions" allowed under the IMF or the CP's special exchange agreement. | |
| 9(b) | CP use of trade restrictions with effects permitted under Articles XI, XII, XIII, and XIV and which "make effective" the exchange controls or restrictions of 9(a). | |