Section 18: Power to borrow

(1) The Centre may borrow by overdraft or otherwise, such sums as it may require for the performance of its functions under this Act.
(2) The Centre shall not, without the approval of the President, borrow money which exceeds, at any time, the limit set by the President.
(3) Notwithstanding subsection (1), where the sum to be borrowed is in foreign currency, the Centre shall not borrow the sum without the prior approval of the President.