Banking Act 1959

Part II - Provisions relating to the carrying on of banking business  

Division 4 - 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.


 

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