(9) The Finance and Public Accounts Committee of the National Assembly may extend the time within which any such report as is referred to in subsection (1) (d) shall be made to the National Assembly. PART 3: THE CENTRAL BANK Establishment 161. Of Central Bank The Board of the 162 Central Bank (1) There shall be a Central Bank of The Gambia. (2) The Central Bank shall be the only authority to issue the currency of The Gambia. (3) The Central Bank shall be the sole banker of the Government and it shall be the principal depository bank for all funds raised for, or on behalf of, the Government. (4) The Central Bank shall(a) promote and maintain the stability of the currency of The Gambia; (b) direct and regulate the financial, insurance, banking and currency system in the interest of the economic development of The Gambia; (c) encourage and promote sustainable economic development and the efficient utilisation of the resources of The Gambia through the effective and efficient operation of a banking and credit system; (d) exercise such other functions as may be conferred on the Central Bank by an Act of the National Assembly; (5) It shall be the duty of the Central Bank to ensure that money paid to or received for and on behalf of the Government is recorded in proper books of account in accordance with recognised accounting standards. It shall ensure that all withdrawals from the various Government accounts with itself are properly authorised in accordance with this Constitution and any Act of the National Assembly and that the overdrawing on any of the Government’s accounts with itself is permitted only if so authorised. (1) The authority of the Central Bank shall vest in the Board of Directors of the Bank which shall Comprise(a) a Chairman, who shall be the Governor and Chief Executive of the Bank; and