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Home/Legislation/Banking Act 1959/35

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Banking Act 1959

35Sale of foreign currency by Reserve Bank

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#### 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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Section 35 - Banking Act 1959 - Sale of foreign currency by Reserve Bank — Zoe