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International Bank for Reconstruction and Development (Share Increase) Act 1988
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International Bank for Reconstruction and Development (Share Increase) Act 1988
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Turn the raw legal text into a practical explanation grounded in International Bank for Reconstruction and Development (Share Increase) Act 1988.
The Treasurer may, on behalf of Australia, make an agreement or agreements, containing such terms and conditions as the Treasurer determines, with the Bank for the purchase by Australia of 178 additional shares of the capital stock of the Bank at a price per share that is the equivalent of 120,635 United States dollars.