Currency Regulations

Status:

Revised Edition
published on 01 Apr 1993

1 Citation

Currency Act

(Chapter 69)

Currency Regulations

Rg 1

REVISED EDITION 1993

(1st April 1993)

[16th September 1991]

Citation

1. These Regulations may be cited as the Currency Regulations.

Application

2. These Regulations shall apply to —

(a)	deposits of currency notes and coins by banks;
(b)	withdrawals of currency notes and coins by banks; and
(c)	currency notes and coins presented to the Board in exchange for currency notes and coins. [S 57/2011 wef 11/02/2011]

Fees

3.—(1) A fee at the rate of $2 per 1,000 pieces of currency notes shall be payable to the Board for currency notes presented to the Board in exchange for notes and coins or for deposits with the Board.

[S 234/2004 wef 01/05/2004]

[S 57/2011 wef 11/02/2011]

(2) A fee at the rate of $3 per 1,000 pieces of coins shall be payable to the Board for coins presented to the Board in exchange for notes and coins or for deposits with the Board.

[S 57/2011 wef 11/02/2011]

(3) The fee payable under paragraph (2) shall be waived for the series of coins first issued on 20th November 1967.

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