Sri Lanka Consolidated Acts

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Foreign Exchange Entitlement Certificates Act (No. 28 of 1968) - Sect 8

Opening of a special account in the Central Bank for the purposes of this Act

8.
(1) For the purposes of this Act, there shall be opened and maintained in the Central Bank in the name of the Government an account to be called the " Foreign Exchange Entitlement Certificate Account ", in this Act referred to as " the Account ".
(2) There shall be credited to the Account all such sums of money as may, from time to time, be withdrawn from the Consolidated Fund for the purpose of being credited to the Account, and all other sums received by the Central Bank for and on behalf of the Government in the course of the administration of this Act.
(3) There shall be paid out of the Account all the expenses referred to in section 7.
(4) Any monies lying in the Account may be transferred to the Consolidated Fund from time to time as determined by the Minister of Finance.


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