Regulation 1
Citation
These Regulations may be cited as the Currency Regulations.
/akn/sg/act/sub_leg/1967/CA-RG1
Currency Regulations
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1967
- Sections
- 4
Quick answer
About this subsidiary legislation
Currency Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation CA-RG1 1967, currently marked in force and first recorded in 1967.
Regulation 2
Application
Amended byS 57/2011 wef 11/02/2011
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 Authority in exchange for currency notes and coins.
Regulation 3
Fees
Amended byS 234/2004 wef 01/05/2004S 57/2011 wef 11/02/2011S 5/2017 wef 09/01/2017S 57/2011 wef 11/02/2011S 5/2017 wef 09/01/2017S 5/2017 wef 09/01/2017G.N. Nos. S 395/91S 102/97S 386/99S 234/2004S 57/2011
Subregulation 1
Amended byS 234/2004 wef 01/05/2004S 57/2011 wef 11/02/2011S 5/2017 wef 09/01/2017
A fee at the rate of $3.50 per 1,000 pieces of currency notes shall be payable to the Authority for currency notes presented to the Authority in exchange for notes and coins or for deposits with the Authority.
Subregulation 2
Amended byS 57/2011 wef 11/02/2011
A fee at the rate of $3.50 per 1,000 pieces of coins shall be payable to the Authority for coins presented to the Authority in exchange for notes and coins or for deposits with the Authority.
Subregulation 3
Amended byS 5/2017 wef 09/01/2017
Paragraph (1) does not apply in relation to the “Orchid”, “Bird” and “Ship” series of notes first issued between 12 June 1967 and 18 May 1995 (both dates inclusive).
Subregulation 4
Amended byS 5/2017 wef 09/01/2017
Paragraph (2) does not apply in relation to —
(a)
the series of coins first issued on 20 November 1967; (b)the series of 5‑cent coins issued on 2 December 1985 and 11 June 2013; and
(c)
the series of 1‑cent coins issued on 28 September 1987.
Subregulation 5
Amended byG.N. Nos. S 395/91S 102/97S 386/99S 234/2004S 57/2011
For the avoidance of doubt, the fee specified in paragraph (1) or (2) shall not be payable to the Authority in respect of any currency note or coin, or any series thereof, during the period that the Authority’s functions in relation to the reissue and exchange of such currency note, coin or series (as the case may be) is transferred to another body pursuant to section 15(2) of the Act.
Regulation 4
Waiver or reduction of fees
Amended byS 5/2017 wef 09/01/2017
The Authority may, either generally or in a particular event or case or class of cases, waive or reduce any fee payable under regulation 3.
Common questions
- What is Currency Regulations?
- Currency Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation CA-RG1 1967, currently marked in force and first recorded in 1967.
- Is Currency Regulations still in force?
- Yes — Currency Regulations is currently in force.
- When did Currency Regulations take effect?
- Currency Regulations was first recorded in 1967.
- How many regulations does Currency Regulations have?
- Currency Regulations contains 4 regulations.
- Where can I read the official version of Currency Regulations?
- The official text of Currency Regulations is published at sso.agc.gov.sg.