Section 30: Liquidity management.

(1) The Bank shall have power-
(a) to carry out open market operations for the purpose of maintaining monetary stability in the economy of the country, and without prejudice to the generality of the foregoing, the Bank may also for that purpose issue, place, sell, repurchase; amortise or redeem securities (which shall constitute its obligations) and the securities shall be issued at such rate of interest and under such conditions of maturity, amortization, negotiability and redemption as the Bank may deem appropriate ;
(b) to issue other forms of securities including treasury bills as it may deem necessary for purposes of liquidity management
(c) to sell or place by allocation to each bank any securities issued under paragraphs(a) or (b) of this section; and
(d) to repurchase, amortise or redeem in such manner as the Bank may deem appropriate, any such securities.