Section A2: The Currency
Purpose and Effect
This Section reserves matters relating to the currency.
General
In addition to the general macroeconomic reservation in Section A1, which reserves the issue and circulation of money, this Section explicitly reserves coinage, legal tender and bank notes.
Parliamentary Consideration
Stage | Date | Column |
---|---|---|
CC | 30-Mar-98 | 954 |
LC | 23-Jul-98 | 1056 |
Details of Provisions
Reservation
The matters reserved are coinage, legal tender and bank notes. This includes the denominations of money in the currency and the coins or notes which constitute legal tender and what coins and bank notes may be issued.