Section 7
Nepal Rastra Bank To Be Nominated As Fiscal Agency And Depository
7. Nepal Rastra Bank to be nominated as fiscal agency and depository :
(1) The Nepal Rastra Bank is, hereby, nominated as the fiscal agency for the purposes of Section 1 of Article 5 of Schedule 5 of the Fund Agreement and as the depository for the purposes of Section 2 of Article 13 of Schedule 6 of the Fund Agreement.
(2) The Nepal Rastra Bank is, hereby, nominated as the depository for the purposes of Section 11 of Article 5 of Schedule 7 of the Bank Agreement.
(3) 18 The Nepal Rastra Bank shall have power to acquire, exercise and deal with special drawing rights of the Government of Nepal and to perform all other negotiable transactions supplemental or incidental thereto
(1) The Nepal Rastra Bank is, hereby, nominated as the fiscal agency for the purposes of Section 1 of Article 5 of Schedule 5 of the Fund Agreement and as the depository for the purposes of Section 2 of Article 13 of Schedule 6 of the Fund Agreement.
(2) The Nepal Rastra Bank is, hereby, nominated as the depository for the purposes of Section 11 of Article 5 of Schedule 7 of the Bank Agreement.
(3) 18 The Nepal Rastra Bank shall have power to acquire, exercise and deal with special drawing rights of the Government of Nepal and to perform all other negotiable transactions supplemental or incidental thereto