41. Information on exchange operations

Every licensed commercial bank shall, after the closure of business at the end of such period as may be prescribed by the Governor of the Central Bank, make a report to the Central Bank setting out the volume and composition of its purchases and sales of foreign exchange during that period, and shall furnish such additional information as the Central Bank may require with reference to such purchases and sales and to the movements of its accounts in foreign currencies.

The Governor of the Central Bank may require any other person to make reports to the Central Bank at specified times or intervals as to all transactions or operations in gold, in any shape or form, and in foreign exchange.

Every report under this section shall be in such form as the Governor of the Central Bank may prescribe for the purpose.

The Central Bank may make such inspection or examination of or take custody of any of the books and accounts kept by any licensed commercial bank or other person as it may deem necessary for the purpose of verifying the accuracy of any statement set out in any report made by such licensed commercial bank or person.