Housing Development Agency Act, 2008
R 385
South African Reserve Bank Act, 1989 (Act No. 90 of 1989)26. Foreign Exchange Adjustment Account |
| 1) | All assets of the Bank expressed in currencies other than the currency of the Republic, including special drawing rights but excluding any dividends, discount or interest or the usual exchange margins in connection therewith, shall be for the profit or loss of the Government. |
| 2) | The Bank shall establish a Foreign Exchange Adjustment Account in which it shall account for- |
| a) | any loss suffered by the Bank on the assets referred to in subsection (1) as a result of the depreciation of the currencies in question in relation to the currency of the Republic; |
| b) | any profit made by the Bank on the assets referred to in subsection (1) as a result of the appreciation of the currencies in question in relation to the currency of the Republic. |
