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SAN MARINO BECOMES MEMBER OF INTERNATIONAL MONETARY FUND

 SAN MARINO BECOMES MEMBER OF INTERNATIONAL MONETARY FUND
 WASHINGTON, Sept. 23 /PRNewswire/ -- The Republic of San Marino became a member of the International Monetary Fund (IMF) today when Clello Galassi, secretary of state for finance and budget, signed the IMF's Articles of Agreement in Washington. The initial quota(A) of San Marino in the IMF is special drawing rights (SDR) 6.5 million (about US$9 million).
 With the admission of San Marino, the membership of the IMF now total 173 countries. The total of members' quotas in the IMF is SDR 97,379.5 million (about US$140,167 million).
 (A) A member's quota in the IMF determines, in particular, its subscription, its voting weight, its access to IMF financing, and its allocation of SDRs.
 -0- 9/23/92
 /CONTACT: International Monetary Fund, External Relations Department, 202-623-7100/ CO: International Monetary Fund ST: District of Columbia IN: FIN SU:


TW -- DC024 -- 2780 09/23/92 16:05 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
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