Currency Act 1967

This Act is the Currency Act 1967.

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.

“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.