Currency Act 1967 - Singapore Statutes Online

Currency Act 1967

2020 REVISED EDITION

This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021

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

[7 April 1967: Parts I and II; sections 19 and 22; Part IV; and section 32 ;

12 June 1967: Sections 11 to 18, 20, 21, 23 to 27 and 33 to 35 ]

PART 1

PRELIMINARY

Short title

1. This Act is the Currency Act 1967.

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 1970;

“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;

“issue” includes reissue.

[31/2017; 6/2019]

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