the Board of Commissioners of Currency, Singapore (referred to this section as the Board) shall be dissolved;
(b)
currency notes and coins issued by the Board before 1st October 2002 shall for all purposes be deemed to have been issued by the Authority;
(c)
the reserves accumulated by the Board before the current term of office of the Government shall be added to the reserves accumulated by the Authority before such term; and
(d)
all assets and moneys of the Currency Reserve Fund shall be transferred to Currency Fund.
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(2) Any decision made by the Board under this Act before 1st October 2002 shall be deemed to be a decision made by the Authority.
[25/2002]
(3) Any permission, consent, approval or authorisation granted by the Board under this Act before 1st October 2002 shall, so far as it is not inconsistent with the provisions of this Act, be deemed to be a permission, consent, approval or authorisation granted by the Authority.
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(4) Any certificate, notice, order, direction or declaration issued or made by the Board or an officer of the Board under this Act before 1st October 2002 shall be deemed to be a certificate, notice, order, direction or declaration issued or made by the Authority or an officer of the Authority.
[25/2002]
(5) Where in any document any reference is made to the Board of Commissioners of Currency, Singapore, such reference shall, as from 1st October 2002, be read as the Monetary Authority of Singapore.
[25/2002]
(6) The Minister may, by order published in the Gazette, make such other savings or transitional provisions which appear to him to be necessary or expedient for the purposes of the Currency (Amendment) Act 2002 (Act 25 of 2002).