22. The external assets of the Currency Fund shall consist of all or any of the following and they shall at all times be not less than 100% of the face value of the currency issued by the Board:
(a)
gold and silver in any form;
(b)
foreign exchange in the form of —
(i)
demand or time deposits;
[47/98 wef 31/12/1998]
(iii)
bank balances and money at call;
(iv)
Treasury Bills;
(v)
notes or coins;
(c)
securities of or guaranteed by foreign governments or international financial institutions;
(d)
equities;
[47/98 wef 31/12/1998]
(da)
corporate bonds;
[47/98 wef 31/12/1998]
(db)
currency and financial futures;
[47/98 wef 31/12/1998]
(e)
any other asset which the Board, with the approval of the President, considers suitable for inclusion.