Clause 1
Short title and commencement
This Act may be cited as the Currency (Amendment) Act, 1967, and shall be deemed to have come into operation on Sunday, the 19th day of November, 1967.
/akn/sg/act/bill/1967/38
Currency (Amendment) Bill
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Bill
- Status
- In force
- Enacted
- 1967
- Sections
- 5
Quick answer
About this bill
Currency (Amendment) Bill is Singapore Bill, cited as Bill 38 1967, currently marked in force and first recorded in 1967.
Clause 2
Amendment of section 14
Subsection (4) of section 14 of the Currency Act, 1967, is hereby amended —
(a)
by deleting the words “up to their face value” appearing in the fourth line of paragraph (a) thereof; and
(b)
by deleting the words “up to their face value” appearing in the tenth and eleventh lines of paragraph (b) thereof.
Clause 3
Repeal and re-enactment of section 34
Section 34 of the Currency Act, 1967, is hereby repealed and the following substituted therefor:—“Rates of exchange between notes and coins of the Commissioners and of the Board34.—
(1)
The notes and coins of the Commissioners which continue to be legal tender under subsection (3) of section 14 of this Act shall be exchanged for the notes and coins of the Board at the rates set out in the Schedule to this Act.(2) The President may, by order published in the Gazette, add to, amend or vary the rates of exchange set out in the Schedule to this Act.”.
Clause 4
New section 34A
The Currency Act, 1967, is hereby amended by inserting immediately after section 34 thereof the following new section:—“Protection of the Board, the Commissioners and the employees thereof and of the Government and public officers34A. No action, suit or other proceeding shall be brought or instituted in any court against, and no liability, claim or demand whatsoever shall lie against, the Board or any officer, servant or employee thereof, the Commissioners or any officer, servant or employee thereof, or the Government or any public officer in respect of any matter or thing authorised or permitted by the Currency (Amendment) Act, 1967, or any matter or thing arising under, resulting from or consequent on the passing or operation of the said Act.”.
Clause 5
Schedule
The currency Act, 1967, is hereby amended by inserting immediately after section 35 thereof the following Schedule:—“THE SCHEDULE (Section 34). Rates of Exchange. Notes and coins of the Commissioners.Notes and coins of the BoardDenominations.Denominations.1 cent1 cent5 cents5 cents10 cents10 cents20 cents17.1420 cents50 cents42.8550 cents1 dollar85.7100 cents5 dollars4.2855 dollars10 dollars8.5710 dollars50 dollars42.8550 dollars100 dollars85.7100 dollars1000 dollars857.1000 dollars.”.
Common questions
- What is Currency (Amendment) Bill?
- Currency (Amendment) Bill is Singapore Bill, cited as Bill 38 1967, currently marked in force and first recorded in 1967.
- Is Currency (Amendment) Bill still in force?
- Yes — Currency (Amendment) Bill is currently in force.
- When did Currency (Amendment) Bill take effect?
- Currency (Amendment) Bill was first recorded in 1967.
- How many clauses does Currency (Amendment) Bill have?
- Currency (Amendment) Bill contains 5 clauses.
- Where can I read the official version of Currency (Amendment) Bill?
- The official text of Currency (Amendment) Bill is published at sso.agc.gov.sg.