Currency Act
Section 8.108 — Crown Treasury; require to maintain reserve holdings; components of reserve holdings; allow holding of reserves in international markets.
(1) The Crown Treasury shall maintain reserve holdings equal to not less than 100% of all francs in circulation.
(2) Reserve holdings must consist of the components provided for under ECL 8.107 as follows:
(a) Deposits or securities denominated in United States dollars, Canadian dollars, or euros.
(b) Physical, allocated, or exchange-traded gold or platinum bullion of standard fineness or equivalent commodity instruments.
(3) The Crown Treasury shall maintain reserve holdings directly or through authorized custodial institutions in recognized international markets.