Singapore legislation
Clause 14
Clause 14
Board to have sole right to issue currency; legal tender
(1)
The Board shall have the sole right to issue currency notes and coins in Singapore and, subject to subsection (3) of this section, only such notes and coins issued by the Board shall be legal tender in Singapore.
(2)
(a)
Notes issued by the Board shall be legal tender up to their face value for the payment of any amount.