Currency Act - Singapore Statutes Online

Currency Act

(CHAPTER 69)

(Original Enactment: Act 5 of 1967)

REVISED EDITION 2002

(31st December 2002)

An Act to establish 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 —

“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act (Cap. 186);

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

“intelligent banknote neutralisation system” or “IBNS” means a security system which is designed to deter unauthorised access to currency notes by mutilating, destroying or permanently damaging the currency notes, such as by the application of a staining or degradation agent to the currency notes or otherwise;

[Act 6 of 2019 wef 14/03/2019]

[Deleted by Act 31 of 2017 wef 15/08/2017]

“issue” includes reissue.

[11/82; 25/2002]

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