Clause 23
Investment of funds
of Monetary Authority of Singapore Bill
BillNot in forceProvision 37 of 40
Clause 23
The funds of the Authority may be invested in all or any of the following: —
(a)
gold coin or bullion;
(b)
notes, coin, bank balances and money at call in such country or countries as may be approved by the board;
(c)
Treasury bills of such government or governments as may be approved by the board;
(d)
securities of, or guaranteed by, such government or governments or international financial institutions as may be approved by the board;
(e)
such securities and investments as may be authorised by the President on the recommendation of the board.