(1) The following provisions shall have effect in relation to moneys of the Post Office Savings Bank Fund (in this section referred to as "the Fund moneys"):

(a) Fund moneys, as well as being capable of being held in the currency of the State, may also be held in one or more than one other currency which is not the currency of the State;

(b) Fund moneys may be applied towards the acquisition, holding or disposal of any rights or interests, direct or indirect, in any one or more of the following, that is to say:

(i) any securities issued by the State;

(ii) any securities the capital and interest of which is guaranteed by the Minister for Finance;

(iii) any securities issued by any other State;

(iv) any financial futures or options traded on an exchange which is a regulated market that has been notified to the Commission of the European Communities by a Member State of those Communities under Article 16 of Council Directive 93/22/EEC of 10 May 1993,

(v) any securities or financial instrument determined by the Minister as permissible on such terms and conditions as the Minister may determine.