Freedom of assets from restrictions

To the extent necessary to carry out the purpose and functions of the Bank effectively and subject to the provisions of the Agreement, the Bank, (a) may hold assets of any kind and operate accounts in any currency; and (b) shall be free to transfer its assets from this country to another or within this country and to convert any currency held by it into any other currency, without being restricted by financial controls, regulations or moratoria of any kind. 7