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The insertion in subsection (1) after “in such form and manner” of “and in such moneys (including moneys in a currency other than the currency of the State)”.
The insertion after subsection (8) of the following:
“(9) In relation to a guarantee under this section in moneys in a currency other than the currency of the State—
(a) each of the references to principal in subsection (2) of this section shall be taken as referring to the equivalent in currency of the State of the actual principal, such equivalent being calculated according to the rate of exchange at the time of the giving of the guarantee,
(b) each of the references to moneys in subsection (5) of this section shall be taken as referring to the cost in currency of the State of the actual moneys.
(10) Where—
(a) the equivalent in currency of the State of other currency is being calculated pursuant to paragraph (a) of the foregoing subsection, and
(b) the currencies having, at the time specified in that paragraph, par values established under the Articles of Agreement of the International Monetary Fund include the currency of the State and the other currency,
the reference in that paragraph to the rate of exchange at that time shall be taken as referring to the rate of exchange based on those values.”
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