Currency Act - Singapore Statutes Online

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3 Establishment and purpose of Board

4 Incorporation, etc.

5 Employment of officers, etc.

6 Composition of Board

8 General disqualifications for Deputy Chairman and other members

9 Member’s interest in contract to be made known

10 Preservation of secrecy

11 Currency of Singapore

12 Use of Singapore dollar

13 Board to have sole right to issue currency; legal tender

14 Bills and notes payable to bearer on demand

15 Exchange of currency notes and coins

16 Power to buy and sell currency notes and coins

17 Form and design of currency notes and coins

18 Demonetisation of currency notes and coins

19 Mutilated notes and coins

20 Restriction on use of photographs, drawing or design of currency notes and coins in advertisements, etc.

22 External assets of Fund

23 Currency Fund Income Account

24 Meeting of deficiencies in Fund

26 Board’s financial year

28 Annual accounts and report

29 Mutilating, destroying or defacing currency notes and coins

Currency Act

(CHAPTER 69)

(Original Enactment: Act 5 of 1967)

REVISED EDITION 1985

(30th March 1987)

An Act to establish the Board of Commissioners of Currency, Singapore, and the national currency of Singapore, and to provide for matters connected therewith.

[7th April 1967]

PART I

PRELIMINARY

Short title

1. This Act may be cited as the Currency Act.

Interpretation

2. In this Act, unless the context otherwise requires —

“Board” means the Board of Commissioners of Currency, Singapore, established by section 3;

“currency” means currency notes and coins which are legal tender in Singapore;

“foreign” means pertaining to a country other than Singapore;

“foreign exchange” means foreign currencies and claims in and to foreign currencies;

“issue” includes reissue.

[11/82]

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