Section 3

to sign the Articles of Agreement of the International

Monetary Fund and the Articles of Agreement of the

International Bank for Reconstruction and Development, respectively; and

6

Act 472

*See Bretton Woods agreements order 1969 [P.U. (A) 505/1969] w.e.f. 16 December 1969.

to deposit with the Government of the United States of

America instruments of acceptance of the Articles of

Agreement of the Fund (hereinafter referred to as “the

Fund Agreement”) and of the Articles of Agreement of the

Bank (hereinafter referred to as “the Bank Agreement”), stating that the Government of Malaysia has accepted in accordance with its law the respective Articles and the terms and conditions prescribed thereunder as the terms upon which the Government of Malaysia shall be admitted to membership of the Fund and the Bank.

*4. (Deleted by Act A18).

*5. (Deleted by Act A18).

Power of the Yang di-Pertuan Agong to assign rights and obligations to Bank Negara Malaysia 5a.  (1)  The Yang di-Pertuan Agong may if he thinks it expedient, by order authorize Bank Negara Malaysia to exercise rights and to perform obligations in respect of the membership of Malaysia in accordance with the terms and conditions as set out in the

First Schedule.

*(2) Upon the making of an order in subsection (1)—

the rights and obligations referred to shall, notwithstanding the Central Bank of Malaysia Act 1958 [Act 519], be deemed to be the rights and obligations of Bank Negara

Malaysia; and

paragraph 28(g) and subparagraphs 30(1)(oo)(ii) and (iii)

of the Central Bank of Malaysia Act 1958 shall have effect.

(Omitted).

Bank Negara Malaysia may, with the prior approval in writing of the Minister of Finance, accept on behalf of the

Government of Malaysia and pay any increase in the subscription of Malaysia to the International Monetary Fund which is made in accordance with the Fund Agreement.

7

Bretton Woods Agreements

Subscription to International Bank for Reconstruction and

Development