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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  1999 RevEd
External assets of Currency Fund
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;
(ii)bank balances and money at call;
(iii)Treasury Bills;
(iv)notes or coins;
(c)securities of or guaranteed by foreign governments or international financial institutions;
(d)equities;
(e)corporate bonds;
(f)currency and financial futures;
(g)any other asset which the Board, with the approval of the President, considers suitable for inclusion.
[11/82; 3/91; 47/98]
Informal Consolidation | Amended Act 25 of 2002
External assets of Currency Fund
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 Authority:
(a)gold and silver in any form;
(b)foreign exchange in the form of —
(i)demand or time deposits;
(ii)bank balances and money at call;
(iii)Treasury Bills;
(iv)notes or coins;
(c)securities of or guaranteed by foreign governments or international financial institutions;
(d)equities;
(e)corporate bonds;
(f)currency and financial futures;
(g)any other asset which the Authority, with the approval of the President, considers suitable for inclusion.
[25/2002 wef 01/10/2002]
[11/82; 3/91; 47/98]
[25/2002 wef 01/10/2002]