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The International Financial Organisations Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 86 Of 1972 )

5. (1) The Bangladesh Bank shall serve as the fiscal agency as required under Article V, section 1, of the Fund Agreement and Article III, Section 2, of the Bank Agreement and Article VI, Sections 9 and 10 of the Association Agreement and is accordingly authorised to carry out, on behalf of the Government all transactions and operations under the various provisions of the Articles of Agreement of the Fund, the Bank and the Association.
 
 
 
 
(2) The Bangladesh Bank shall be the depository of the Bangladesh currency holdings or any other assets of the Fund, the Bank and the Association.
 
 
 
 
(3) Subject to clause (2) of Article 6 the Bangladesh Bank, on behalf of the Government shall be entitled to receive any amount which may be paid or transferred to the People's Republic of Bangladesh by the Fund or the Bank, including any amount of gold, currency, or Special Drawing Rights to be paid or allocated to the People's Republic of Bangladesh by the Fund or which may otherwise be acquired by the People's Republic of Bangladesh in consequence of its participation in the 1[Special Drawing Rights Department].
 
 
 
 
(4) Notwithstanding anything in the Bangladesh Bank (Temporary) Order, 1971, the Bangladesh Bank is hereby authorised to accept and hold any notes and obligations created and issued in accordance with the provisions of clause (4) of Article 4.

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    The words “Special Drawing Rights Department” were substituted for the words “Special Drawing Account” by section 6 of the International Financial Organisations (Amendment) Ordinance, 1976 (Ordinance No. XCIV of 1976)
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