17 Power of Minister to direct Bank to deal in foreign exchange within guidelines

(1)

The Minister may, for the purpose of influencing the exchange rate or exchange rate trends, from time to time, by notice in writing to the Bank, direct the Bank to deal in foreign exchange within guidelines prescribed by the Minister in the notice.

(2)

Notwithstanding section 16, while the direction remains in force all foreign exchange dealing by the Bank shall comply with the direction.

(3)

The Minister may, from time to time, by notice in writing to the Bank, vary or revoke any direction given under subsection (1).