Demonetisation of currency notes and coins
18.—(1)  The Authority may, by notification in the Gazette, withdraw any particular issue or denomination of notes and coins issued by the Authority which shall upon such withdrawal cease to be legal tender.
[25/2002 wef 01/10/2002]
[47/98]
(2)  Any such notification shall give holders of the notes and coins to be withdrawn a reasonable period, in any event not less than 6 months, within which such notes or coins shall be exchanged at their face value for other legal tender issued by the Authority.
[25/2002 wef 01/10/2002]