hvis en centralbank i en medlemsstat, inden for de i denne forordning fastsatte graenser, foretager direkte koeb af omsaettelige gaeldsinstrumenter udstedt af den offentlige sektor i en anden medlemsstat, er dette ikke medvirkende til, at den offentlige sektor unddrager sig markedsordningernes regler, hvis saadanne beloeb alene sker som led i forvaltningen af valutareserverne;
Whereas, within the limits laid down in this Regulation, the direct acquisition by the central bank of one Member State of marketable debt instruments issued by the public sector of another Member State does not help to shield the public sector from the discipline of market mechanisms where such purchases are conducted for the sole purpose of managing foreign exchange reserves;