Sri Lanka Consolidated Acts

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Bretton Woods Agreements Act (No. 2 of 1969) - Sect 5

Insertion of new section 8A in the principal Act

5. The following new section is hereby inserted immediately after section 8, and shall have effect as section 8A, of the principal Act:
8A.
(1)The central bank of ceylon is hereby authorised to acquire ,hold and relation to operate on ,or dispose of special Drawing account in the International Monetary fund.
(2) The Central Bank of Ceylon is hereby authorized-
(a) to make payment of all sums required for the purpose of paying any charges payable to the International Monetary Fund under section 2 of Article XXVI of the Fund Agreement in respect of the special drawing rights in the Special Drawing Account in that Fund; and
(b) to receive, and to credit to its own funds, the interest payable by that Fund in respect of such special drawing rights under section 1 of the said Article XXVI.".


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