or (II) above, the Fund and the member shall, within a period determined by the Fund in the light of all relevant circumstances, agree upon a suitable par value for that currency. If the Fund and the member do not agree within the period so determined, the member shall be deemed to have withdrawn from the Fund on the date when the period expires.
(c) When the par value of a member's currency has been established under (b) above, either by the expiration of ninety days without notification, or by agreement after notification, the member shall be eligible to buy from the Fund the currencies of other members to the full extent permitted in this Agreement, provided that the Fund has begun exchange transactions.
(d) In the case of a member whose metropolitan territory has been occupied by the enemy, the provisions of (b) above shall apply, subject to the following modifications:
- (I) The period of ninety days shall be extended so as to end on a date to be fixed by agreement between the Fund and the member.
- (II) Within the extended period the member may, if the Fund has begun exchange transactions, buy from the Fund with its currency the currencies of other members, but only under such conditions and in such amounts as may be prescribed by the Fund.
- (III) At any time before the date fixed under (I) above, changes may be made by agreement with the Fund in the par value communicated under (a) above.
(e) If a member whose metropolitan territory has been occupied by the enemy adopts a new monetary unit before the date to be fixed under (d) (I) above, the par value fixed by that member for the new unit shall be communicated to the Fund and the provisions of (d) above shall apply.
(f) Changes in par values agreed with the Fund under this Section shall not be taken into account in determining whether a proposed change falls within (I), (II) or (III) of Article IV, Section 5 (c).
(g) A member communicating to the Fund a par value for the currency of its metropolitan territory shall simultaneously communicate a value, in terms of that currency, for each separate currency, where such exists, in the territories in respect of which it has accepted this Agreement under Section (2) (g) of this
