Purchases and sales of Government securities.
Section 97
SEC. 97. Purchases and sales of Government securities.— In order to achieve the objectives of the national monetary policy, the Central Bank may, in accordance with the principles stated in section 96 of this Act and with such rules and regulations as may be prescribed by the Monetary Board, buy and sell in the open, market for its own account: (a) Evidences of indebtedness issued directly by the Government of the Philippines or by its political subdivisions, and (b) Evidences of indebtedness issued by Government instrumentalities and fully guaranteed by the Government. The evidences of indebtedness acquired under the provisions of this section must be freely negotiable and regularly serviced.