Banking Act 1959
Part II
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Provisions relating to the carrying on of banking business
Division 4
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Mobilization of foreign currency
SECTION 35
35
Sale of foreign currency by Reserve Bank
The Reserve Bank may sell foreign currency to an ADI:
(a) where the Reserve Bank is satisfied that the ADI has complied with the provisions of this Division and is likely to suffer a shortage of foreign currency; or
(b) if the Reserve Bank considers that, for any other reason, it is desirable to do so.
The Reserve Bank may sell foreign currency to an ADI:
(a) where the Reserve Bank is satisfied that the ADI has complied with the provisions of this Division and is likely to suffer a shortage of foreign currency; or
(b) if the Reserve Bank considers that, for any other reason, it is desirable to do so.
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