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Formal Consolidation | 1999 RevEd
Principal objects of Authority
4. The principal objects of the Authority shall be —
(a)
to act as banker to, and financial agent of, the Government;
(b)
to promote, within the context of the general economic policy of the Government, monetary stability and credit and exchange conditions conducive to the growth of the economy;
(c)
to foster a sound and progressive financial services sector; and
(d)
to exercise the powers and to perform the duties and functions that are transferred to the Authority under section 21.
[30/2004 wef 12/10/2004]
[28/98]
Informal Consolidation | Amended Act 30 of 2004
Principal objects of Authority
4. The principal objects of the Authority shall be —
(a)
to act as banker to, and financial agent of, the Government;
(b)
to promote, within the context of the general economic policy of the Government, monetary stability and credit and exchange conditions conducive to the growth of the economy;
(c)
to foster a sound and progressive financial services sector;
[25/2002 wef 01/10/2002]
(ca)
to issue currency notes and coins in Singapore in accordance with the Currency Act (Cap. 69) and to provide such other services as it considers necessary under that Act;
[25/2002 wef 01/10/2002]
[30/2004 wef 12/10/2004]
(d)
to exercise the powers and to perform the duties and functions that are transferred to the Authority under section 21 ; and
[30/2004 wef 12/10/2004]
[28/98]
(e)
to exercise the powers and to perform the duties and functions conferred on the Authority under the Business Trusts Act 2004 and by any other written law.