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Section 1. The World Bank Group Organizations may, without being restricted by financial controls, regulations or moratoria of any kind, to the extent necessary to carry out their operations, hold funds, gold or currency of any kind and operate accounts in any currency, and may freely transfer their funds, gold or currency from or to Sint Maarten or within Sint Maarten and convert any currency into any other currency. Furthermore, the World Bank Group Organizations may purchase, in exchange for any convertible currency, the national currency of the Government in such amounts as they may from time to time require for meeting their expenditures in Sint Maarten, at the official exchange rate no less favorable than that accorded to other international organizations or diplomatic missions in Sint Maarten.

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