Central Bank Act 1997

Amendment of section 3 of European Bank for Reconstruction and Development Act, 1991.

68

68. — Section 3 of the European Bank for Reconstruction and Development Act, 1991, is hereby amended in subsection (5) by the deletion of:

“and may advance to the Minister any sum or sums required for payments under this section, subject to such security, rate of interest and other terms and conditions as are agreed between the Minister and the Central Bank of Ireland”,

and that subsection, as so amended, is set out in the Table to this section.

TABLE

(5) The Central Bank of Ireland shall act as a depository for the holdings of currency of the State and other assets of the Bank.