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Article 28

The Agency shall, upon terms and conditions to be set by the Agency's Board of Directors, maintain a foreign reserve composed of all or any of the following assets:

(a) Gold coins and bullion.
(b) Foreign currency in the form of convertible currencies or balances in foreign banks in convertible currencies.
(c) Any internationally recognized assets which include:
1 — The gold part of the State of Bahrain's share in the International Monetary Fund.
2 — The special drawing rights allocated to the State of Bahrain in the International Monetary Fund.
(d) Bills of exchange and promissory notes payable outside the State of Bahrain in convertible currencies.
(e) Treasury notes issued by foreign governments and payable in convertible currencies.
(f) Such bonds as the Agency's Board of Directors shall from time to time determine, that are payable in convertible currencies and issued or guaranteed by foreign governments or international financial institutions, provided that such bonds shall mature within fifteen years from the date of their acquisition.
(g) Such other bonds as the Agency's Board of Directors shall from time to time determine, that are issued by a foreign person and fulfil the following conditions:
1 — Be negotiable in international financial markets.
2 — Be payable in convertible currencies.
3 — Mature within ten years from the date of acquisition by the Agency.