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> Article 02
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I. Introductory Provisions |
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| 1.1 Purpose | ||
| Article 02-Validity of Charter | ||
| 2.1 | Validity of Charter | |
| This Charter shall be the one and only true Charter of the Africans Union Reserve Bank. | ||
| 2.2 | Charter as first and supreme financial law | |
| As enacted, this Charter represents the first and supreme law of the Bank. No other law shall be recognized as first or higher than the principles and statements of this Charter. |
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| The Charter and law adopted by the Members of the Bank in exercising competences conferred on it shall have primacy over the financial law of the Member States. | ||
| No claim of subservience to any other financial entity, agreement, international treaty shall be deemed valid and no law shall be sworn to in official statements of oath, pledge to honesty as a witness or any other capacity of government other than this Charter itself in relation to the Bank. |
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| Whilst the Bank and its Members may hold diplomatic relations with one or more financial entities, all other financial entities are ipso facto (as a matter of fact) inferior to the Bank. | ||
| 2.3 | Charter as instrument of power | |
| This Charter represents an instrument of power in that it holds as the primary text upon which the structure, rules and systems of the Bank shall function. | ||
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