OpenLegislation

Paragraph 13

Original text. Later amendments are not shown.

For the purposes of Article 23 in the Schedule to the Act of 1965, as amended by section 4(2) of the Act of 1979, the value on a particular day of one special drawing right shall be treated as equal to such a sum in sterling as the International Monetary Fund have fixed as being the equivalent of one special drawing right—

(a)

for that day; or

(b)

if no sum has been so fixed for that day for the last day before that day for which a sum has been so fixed.