Section 20

open accounts with and accept deposits payable on demand on behalf of bank and other monetary institutions abroad and banks in

Brunei Darussalam;

purchase, sell, discount and rediscount Treasury Bills of

Government payable in Brunei dollars forming part of a public issue and maturing within 93 days;

purchase and sell publicly issued securities of or guaranteed by Government payable in Brunei dollars and maturing in not more than 20 years:

Provided that the par value or the cost price which ever shall be the higher of the total holding of such securities does not exceed 15% of the aggregate amount of the Board’s demand liabilities;

act as agents for any international monetary institution established under governmental auspicies;

Currency

p. 13

acquire, hold and dispose of movable and immovable property where such action in necessary for the purpose of discharging its functions under this Act;

subject to the provisions of this Act, do all such things as are incidental to or consequential upon the exercise of its powers or the discharge of its duties under this Act.

Reserve fund.