7. The agreement amended Article 4 of the IMF Articles of Agreement by committing IMF members to adopt economic policies supportive of monetary stability, by legitimizing several exchange rate regimes including floating and the cooperative European "snake" system, by welcoming a possible return of the fixed par value regime (under conditions which required U.S. agreement), and by committing monetary authorities in the summit countries to exchange rate intervention to combat fluctuations not caused by fundamental disequilibrium.

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