The purposes of the International Treasury are:
(1) To provide the necessary instruments and mechanisms to maintain a single universal monetary unit known as the credit. To enable all financial matters and transactions for all states to be able to be defined according to this single international currency unit.
(2) To promote international monetary cooperation through a permanent institution representing all states and all human beings which provides the machinery for consultation and collaboration on international monetary problems.
(3) To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all member states as primary objectives of economic policy.
(4) To promote, develop and support the introduction of common regional currencies for monetary exchange across the six major geographic regions of the world, including Europe (euro), the Americas, Americas, Asia, Arabian Peninsula and Oceania. To assist member states in adopting these common regional currencies as their standard means of exchange and payment of accounts.
(5) To promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.
(6) To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of foreign exchange restrictions which hamper the growth of world trade. To provide the transaction and clearing house mechanisms for international trade and financial arrangements between Member States.
(7) To provide treasury facilities on behalf of Member States for the deposit of their foreign cash reserves that are not otherwise committed to the budget needs of a member state.
(8) To provide a co-operative framework between the principle Treasury and Financial organs of each Member State such that optimum and stable policies may be in place for each state in regards to prices, wages, unemployment, growth, debt and investment.
(9) To promote the stability of prices, markets and private enterprise through systems enabling the reduction in the insurance and liability burden of member states through insurance underwriting and agreements on reinsurance, risk standards, claims payments and premiums.
(10) To protect and help rebuild communities and infrastructure assets through the promotion of international disaster planning standards and policies as well as such organs and agencies that are necessary to ensure immediate international disaster relief assistance and plans exist for every single community in every single member state of the United Nations.
(11) To give confidence to members by making the general resources of the International Treasury temporarily available to them under adequate safeguards, thus providing them with opportunity to correct maladjustments in their balance of government budget payments without resorting to measures destructive of national or international prosperity.
(12) In accordance with the above, to assist the United Nations in the achievement of its purposes and principle objectives. |