Implementation of Geneva Conventions Act, 2012
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Diplomatic Immunities and Privileges Act, 2001 (Act No. 37 of 2001)NoticesRecognition of New Development Bank Africa Regional Centre for purposes of granting immunities and privilegesArticle 12 : Financial transactions |
The Bank may hold and use funds or negotiable instruments of any kind. The Government recognises the right of the Bank to maintain and operate accounts in any currency and convert any currency held by it into any other currency. The Bank may freely transfer its funds into South Africa and may also at any time freely transfer all or part of the balance thereof out of South Africa through a non-resident bank account which for that purpose may be switched into any foreign currency.
