Central Bank Act, 1971
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Issue of legal tender notes by Bank. |
44.—It shall be lawful for the Bank to issue legal tender notes to any person on demand or to the general fund against— | |
(a) gold bullion, or | ||
(b) any currency, security or other form of asset which may be held as part of the capital of the legal tender note fund in accordance with section 61 of the Act of 1927, as amended by sections 2 and 3 of the Currency (Amendment) Act, 1930 , | ||
delivered to it in such manner and subject to such conditions as it may prescribe. |