Bretton Woods Agreements (Amendment) Act, 1999

Provisions relating to special drawing rights.

3.—(1) If, but only if, the proposed amendment is made the provisions of this section shall have effect.

(2) The Central Bank is hereby authorised on behalf of the Government to receive from the Fund any special drawing rights allocated to the Government in pursuance of the proposed amendment.

(3) The Central Bank shall, on behalf of the Government, exercise the rights and accept and discharge the obligations relating to special drawing rights received under this section.