Singapore legislation

Clause 3

of Bretton Woods Agreements (Amendment) Bill

Clause 3

Amendment of section 5

The principal Act is amended by renumbering section 5 as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) In addition, the Monetary Authority of Singapore may buy or sell the special drawing rights of the Government to enable Singapore to carry out its obligations under any Fund arrangement or Fund program.”.