Section 17: Termination of the First-Tier Foreign Exchange Market.

(1) The Minister shall, with the approval of the President, Commander-in-Chief of the Armed Forces, appoint a date when the First-Tier Foreign Exchange Market shall cease to operate.
(2) Accordingly, as from the date of the termination of the First-Tier Foreign Exchange Market as may be specified under sub-section (1) of this section, all foreign exchange transactions shall be conducted in the Second-Tier Foreign Exchange Market set up under section 1 (1) of this Act.