THE STATUTES OF THE REPUBLIC OF SINGAPORE CURRENCY ACT 1967

Currency Act 1967

2020 REVISED EDITION This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021. Prepared and Published by THE LAW REVISION COMMISSION UNDER THE AUTHORITY OF THE REVISED EDITION OF THE LAWS ACT 1983

An Act to establish the national currency of Singapore, and to provide for matters connected therewith. [7 April 1967: Parts I and II; sections 19 and 22; Part IV; and section 32; 12 June 1967: Sections 11 to 18, 20, 21, 23 to 27 and 33 to 35]

ARRANGEMENT OF SECTIONS PART 1 PRELIMINARY Section 1. Short title 2. Interpretation PART 2 TRANSFER OF FUNCTIONS, PROPERTY, LIABILITIES AND EMPLOYEES TO AUTHORITY 3. Interpretation of this Part 4. Authority to administer Act 5. Transfer to Authority of property, assets and liabilities 6. Transfer of employees 7. Service rights, etc., of transferred employees to be preserved 8. Existing contracts 9. Continuation and completion of disciplinary proceedings 10. Misconduct or neglect of duty by employee before transfer PART 3 CURRENCY 11. Currency of Singapore 12. Use of Singapore dollar 13. Authority to have sole right to issue currency; legal tender 14. Bills and notes payable to bearer on demand 15. Exchange of currency notes and coins 16. [Repealed] 17. Form and design of currency notes and coins 18. Demonetisation of currency notes and coins 19. Mutilated currency notes and coins 20. Restriction on use of photographs, drawing or design of currency notes and coins in advertisements, etc. 21. Dissolution of Currency Fund 22. Authority’s assets must not be less than currency in circulation PART 4 MISCELLANEOUS 23. Mutilating, destroying or defacing currency notes and coins 24. Counterfeit currency notes and coins to be forfeited 25. Power of arrest 26. Consent of Public Prosecutor 27. [Repealed] 28. Regulations 29. Saving and transitional provisions

PART 1 PRELIMINARY

Short title 1.

This Act is the Currency Act 1967.

Interpretation 2.

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.

PART 2 TRANSFER OF FUNCTIONS, PROPERTY, LIABILITIES AND EMPLOYEES TO AUTHORITY

Interpretation of this Part 3.

In this Part, “Board” means the Board of Commissioners of Currency, Singapore.

Authority to administer Act 4.—

(1) The Authority is charged with the general administration of this Act and the exercise of the functions and duties imposed on the Authority by this Act.

(2) The Authority may authorise any person to assist it in the exercise of its functions and duties under this Act, either generally or in a particular case.

Transfer to Authority of property, assets and liabilities 5.—

(1) As from 1 October 2002, such movable and immovable property vested in the Board as may be determined by the Minister and all assets, interests, rights, privileges, liabilities and obligations of the Board shall be transferred to and shall vest in the Authority without further assurance, act or deed.

(2) If any question arises as to whether any particular property, asset, interest, right, privilege, liability or obligation has been transferred to or vested in the Authority under subsection (1), a certificate under the hand of the Minister is conclusive evidence that the property, asset, interest, right, privilege, liability or obligation was or was not so transferred or vested.

(3) Any immovable property to be transferred to and vested in the Authority under subsection (1) is to be held by the Authority upon such tenure and subject to such terms and conditions as the President may determine.

(4) Every proceedings by or against the Board which are pending on 1 October 2002 may be continued, completed and enforced by or against the Authority.

(5) Every agreement relating to any of the transferred properties to which the Board was a party immediately before 1 October 2002, whether or not of such nature that the rights and liabilities thereunder could be assigned, has effect as from that date as if —

(a) the Authority had been a party to such an agreement; and (b) for any reference to the Board there were substituted in respect of anything to be done on or after 1 October 2002 a reference to the Authority.

(6) To avoid doubt, it is declared that —

(a) any reference in this Part to property vested in the Board is a reference to such property of the Board whether situated in Singapore or elsewhere; and (b) any such reference to rights and liabilities of the Board is a reference to such rights to which the Board is entitled or (as the case may be) such liabilities to which the Board is subject, whether under the laws of Singapore or any country outside Singapore and includes rights and liabilities arising under loans raised by the Board.

Transfer of employees 6.—

(1) As from 1 October 2002, all persons employed immediately before that date by the Board shall be transferred to the service of the Authority on terms no less favourable than those enjoyed by them immediately prior to their transfer.

(2) Until such time as terms and conditions of service are drawn up by the Authority, the scheme and terms and conditions of service in the Board continue to apply to every person transferred to the service of the Authority under subsection (1) as if the person were still in the employment of the Board.

Service rights, etc., of transferred employees to be preserved 7.—

(1) The terms and conditions to be drawn up by the Authority must take into account the salaries and terms and conditions of service, including any accrued rights to leave, enjoyed by the persons transferred to the service of the Authority under section 6 while in the employment of the Board.

(2) Any term or condition relating to the length of service with the Authority must provide for the recognition of service under the Board by the persons transferred under section 6 to be service by them under the Authority.

Existing contracts 8.

All deeds, bonds, agreements, instruments and arrangements subsisting immediately before 1 October 2002 to which the Board is a party continue in force on and after that date and are enforceable by or against the Authority as if the Authority had been named therein or had been a party thereto instead of the Board.

Continuation and completion of disciplinary proceedings 9.—

(1) Where on 1 October 2002 any disciplinary proceedings were pending against any employee of the Board transferred to the service of the Authority under section 6, the proceedings must be carried on and completed by the Authority.

(2) Where on 1 October 2002 any matter was in the course of being heard or investigated or had been heard or investigated by a committee acting under due authority but no order, ruling or direction had been made on the matter, the committee must —

(a) complete the hearing or investigation; and (b) make such order, ruling or direction as it could have made under the authority vested in it before that date.

(3) Any order, ruling or direction made by a committee under this section is to be treated as an order, a ruling or a direction of the Authority and has the same force or effect as if it had been made by the Authority pursuant to the authority vested in the Authority under this Act.

Misconduct or neglect of duty by employee before transfer 10.

The Authority may reprimand, reduce in rank, retire, dismiss or punish in some other manner a person who had, while the person was in the employment of the Board, been guilty of any misconduct or neglect of duty which would have rendered the person liable to be reprimanded, reduced in rank, retired, dismissed or punished in some other manner if the person had continued to be in the employment of the Board and if this Act had not been enacted.

PART 3 CURRENCY

Currency of Singapore 11.—

(1) The unit of currency of Singapore is the Singapore dollar, which is divided into 100 cents.

(2) The abbreviated form of the Singapore dollar is “S$” or “SGD”.

Use of Singapore dollar 12.

All monetary obligations or transactions in Singapore are deemed to be expressed and recorded, and must be settled in the Singapore dollar unless otherwise provided for by law or validly agreed upon between the parties.

Authority to have sole right to issue currency; legal tender 13.—

(1) The Authority has the sole right to issue currency notes and coins in Singapore and only such notes and coins issued by the Authority are legal tender in Singapore.

(2) Currency notes issued by the Authority, if the notes have not been illegally dealt with, are legal tender up to their face value for the payment of any amount.

(3) Coins of a denomination issued by the Authority, if the coins have not been illegally dealt with, are legal tender up to their face value for the payment of an amount not exceeding 20 times the face value of a coin of that denomination.

(4) Where a payee has given written notice to the payer that the payee would not accept as payment all or any of the denominations of currency notes or coins in satisfaction of a debt, subsection (2) or (3) (as the case may be) does not apply to the payment of the debt to the extent specified in the notice.

(5) Where no written notice under subsection (4) has been given by the payee, payment by the payer in accordance with subsection (2) or (3) (as the case may be) in satisfaction of a debt, is deemed to have satisfied that debt.

(6) For the purposes of this Act —

(a) a coin is deemed to have been illegally dealt with where the coin has been impaired, diminished, or lightened otherwise than by fair wear and tear, or has been defaced by having any name, word, device or number stamped or engraved on the coin, whether the coin has or has not been diminished or lightened by such defacement; and (b) a currency note is deemed to have been illegally dealt with where the note has been impaired, diminished or affected otherwise than by fair wear and tear, or has been defaced by writing or impressing on any note any mark, word, letter or figure or by perforation, cutting, splitting or in any other manner, whether the note has or has not been impaired or diminished by such defacement.

(7) For the purposes of this Act, a currency note is also deemed to have been illegally dealt with if the currency note has been mutilated, destroyed or permanently damaged (whether by the application of a staining or degradation agent to the currency notes or otherwise) as a result of the activation of an IBNS.

(8) In any criminal proceedings in which the genuineness of any currency note or coin may be in question, a certificate signed by an officer of the Authority authorised for that purpose that the officer is satisfied by personal examination that such note or coin is or is not forged shall be held to be conclusive evidence of the same.

(9) An officer of the Authority must not be cross-examined with regard to the contents of such certificate unless the court otherwise orders.

Bills and notes payable to bearer on demand 14.—

(1) No person, except with the permission of the Authority, may —

(a) draw, accept, make or issue any bill of exchange, promissory note or engagement for the payment of money payable to bearer on demand; or (b) borrow, owe or take up any sum or sums of money on bills or notes payable to bearer on demand.

(2) Cheques or drafts payable to bearer on demand may be drawn on bankers or agents by their customers or constituents in respect of moneys in the hands of these bankers or agents held by them at the disposal of the persons drawing such cheques or drafts.

(3) A person who contravenes this section shall, despite anything to the contrary in the Criminal Procedure Code 2010, be liable on conviction by a Magistrate’s Court to a fine equal to the amount of the bill, note or engagement in respect of which the offence is committed even if the amount of such fine may be in excess of the original jurisdiction of such Court.

Exchange of currency notes and coins 15.—

(1) The Authority is to arrange for the reissue and exchange of currency notes and coins subject to such conditions as may be prescribed.

(2) Where the Authority transfers its functions in relation to the reissue and exchange of currency notes and coins to another body, that body may charge for its services in respect thereof.

(3) The Authority may charge any person or class of persons such fee as may be prescribed for the reissue and exchange of currency notes or coins with the Authority under this section.

16.

[Repealed by Act 31 of 2017]

Form and design of currency notes and coins 17.—

(1) Currency notes issued by the Authority must be of such denomination and of such form and design and printed from such plates and on such material as the Authority may, from time to time, decide.

(2) The dies, plates and other instruments or materials used for the printing of notes and the currency notes printed must be prepared and kept, issued and destroyed in accordance with any direction of the Authority.

(3) Coins issued by the Authority must be of such denominations and of such weight, form and design, and made of such materials as the Authority may, from time to time, decide.

(4) The dies and other instruments or materials used for the minting of coins and the currency coins minted must be prepared and kept, issued and destroyed in accordance with any direction of the Authority.

(5) The Authority must publish in the Gazette the denominations and other characteristics of currency notes and coins issued by it.

Demonetisation of currency notes and coins 18.—

(1) The Authority may, by notification in the Gazette, withdraw any particular issue or denomination of currency notes and coins issued by the Authority which upon such withdrawal cease to be legal tender.

(2) Any such notification must give holders of the currency notes and coins to be withdrawn a reasonable period, in any event at least 6 months, within which such notes or coins may be exchanged at their face value for other legal tender issued by the Authority.

Mutilated currency notes and coins 19.—

(1) A person is not entitled to recover from the Authority the value of any mutilated currency note or coin or any note or coin which has been illegally dealt with.

(2) The circumstances in which, and the conditions and limitations subject to which the value of mutilated currency notes or coins, or notes or coins which have been illegally dealt with, may be refunded as an act of grace are in the absolute discretion of the Authority.

(3) Mutilated currency notes or coins, or currency notes or coins that have been illegally dealt with, must be repossessed by any officer of the Authority or other person authorised by the Authority when tendered to the Authority or such person, as the case may be.

Restriction on use of photographs, drawing or design of currency notes and coins in advertisements, etc. 20.—

(1) Except with the permission of the Authority, a person must not —

(a) in any size, scale or colour, use any photograph of or any drawing or design resembling any currency note or coin or part thereof, in any advertisement; or (b) import, manufacture, sell, circulate or otherwise distribute any merchandise or product containing such a photograph, drawing or design in any size, scale or colour.

(2) Except with the permission of the Authority, a person must not import, manufacture, sell, circulate or otherwise distribute any merchandise or product containing any design or part thereof used in or on any currency note or coin.

(3) The Authority may, in granting any permission under subsection (1) or (2), impose such conditions as it thinks fit.

(4) A person must not make or issue a piece of gold, silver, copper, nickel, bronze or of any other material whether metal or otherwise, of any value, resembling or similar to any coin issued under this Act or any other written law relating to the issue of currency which was in force at any time before 30 April 1982.

(5) A person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000 or to imprisonment for a term not exceeding 3 months or to both.

Dissolution of Currency Fund 21.

The Currency Fund established under section 21 in force immediately before 15 August 2017 is dissolved on the date of the completion of the transfer of all of its assets and liabilities to the accounts holding the Authority’s assets and liabilities, as set out in the notification mentioned in section 6A(2) of the Monetary Authority of Singapore Act 1970. [31/2017]

Authority’s assets must not be less than currency in circulation 22.—

(1) The gross assets of the Authority must at all times be not less than 100% of the face value of the Authority’s currency in circulation. [31/2017]

(2) If, at any time, the face value of the Authority’s currency in circulation exceeds the gross assets of the Authority, the amount of the deficiency is to be charged on and paid out of the Consolidated Fund. [31/2017]

PART 4 MISCELLANEOUS

Mutilating, destroying or defacing currency notes and coins 23.—

(1) Subject to subsections (2) and (3), any person who —

(a) mutilates or destroys any currency note or coin; (b) causes any change in a coin so as to destroy or diminish its value or utility; (c) prints or stamps, or by any similar means writes, or impresses, on any currency note any mark, word, letter or figure; or (d) defaces any coin by stamping thereon any name or word, whether the coin is or is not thereby impaired, diminished or lightened, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000. [6/2019]

(2) To avoid doubt, a licensed security service provider who sells any IBNS or who employs an IBNS in carrying out cash-in-transit services is not, by reason only of such sale or employment, liable to be convicted of an offence under —

(a) subsection (1)(a) for any mutilation or destruction of a currency note; or (b) subsection (1)(c) for any printing or stamping, or by any similar means any writing or impressing, of any mark, word, letter or figure on a currency note, that is caused by the activation of the IBNS. [6/2019]

(3) An applicant for a security service provider’s licence to sell any IBNS, or to employ an IBNS in carrying out cash-in-transit services, is not liable to be convicted of an offence under —

(a) subsection (1)(a) for any mutilation or destruction of a currency note; or (b) subsection (1)(c) for any printing or stamping, or by any similar means any writing or impressing, of any mark, word, letter or figure on a currency note, that is caused by the activation of the IBNS in any trial or demonstration of the applicant’s IBNS that is required by a licensing officer for the purpose of deciding the application. [6/2019]

(4) This section is not to be construed as limiting or affecting the provisions of the Penal Code 1871.

(5) In this section —

“licensed security service provider” means a holder of a security service provider’s licence under the Private Security Industry Act 2007 — (a) to sell any IBNS; or (b) to employ an IBNS in carrying out cash-in-transit services; “licensing officer” means a licensing officer as defined in section 2 of the Private Security Industry Act 2007; “security service provider’s licence” means a security service provider’s licence granted under the Private Security Industry Act 2007. [6/2019]

Counterfeit currency notes and coins to be forfeited 24.

An officer of the Authority is empowered to seize any currency note or coin tendered to the Authority, which the officer believes on reasonable grounds to be counterfeit and, upon such seizure, that note or coin is forfeited to the Authority.

Power of arrest 25.

Any police officer may arrest without warrant any person —

(a) offending in the police officer’s view against section 14, 20 or 23; or (b) against whom a reasonable complaint has been made or creditable information has been received or a reasonable suspicion exists of the person having contravened section 14, 20 or 23.

Consent of Public Prosecutor 26.

No prosecution for any offence under this Act may be instituted without the consent of the Public Prosecutor. [15/2010]

27.

[Repealed by Act 24 of 2003]

Regulations 28.

The Authority may make such regulations as may be required from time to time for carrying into effect the provisions of this Act or prescribing anything that may be prescribed.

Saving and transitional provisions 29.—

(1) On 1 October 2002 —

(a) the Board of Commissioners of Currency, Singapore (called in this section the Board) shall be dissolved; (b) currency notes and coins issued by the Board before 1 October 2002 shall for all purposes be deemed to have been issued by the Authority; (c) the reserves accumulated by the Board before the current term of office of the Government shall be added to the reserves accumulated by the Authority before such term; and (d) all assets and moneys of the Currency Reserve Fund shall be transferred to the Currency Fund.

(2) Any decision made by the Board under this Act before 1 October 2002 is deemed to be a decision made by the Authority.

(3) Any permission, consent, approval or authorisation granted by the Board under this Act before 1 October 2002 is, so far as it is not inconsistent with the provisions of this Act, deemed to be a permission, consent, approval or authorisation granted by the Authority.

(4) Any certificate, notice, order, direction or declaration issued or made by the Board or an officer of the Board under this Act before 1 October 2002 is deemed to be a certificate, notice, order, direction or declaration issued or made by the Authority or an officer of the Authority.

(5) Where in any document any reference is made to the Board of Commissioners of Currency, Singapore, such reference is, as from 1 October 2002, to be read as the Monetary Authority of Singapore.

LEGISLATIVE HISTORY CURRENCY ACT 1967

This Legislative History is a service provided by the Law Revision Commission on a best-efforts basis. It is not part of the Act.

PICTORIAL OVERVIEW OF PREDECESSOR ACTS

LEGISLATIVE HISTORY DETAILS

PART 1 CURRENCY ORDINANCE (CHAPTER 66, 1955 REVISED EDITION)

1. Ordinance VIII of 1897 — The Currency Note Ordinance 1897

Bill : G.N. No. 802/1896 First Reading : 3 December 1896 Second Reading : 22 July 1897 Third Reading : 2 September 1897 Commencement : 31 August 1898

2. Ordinance IV of 1899 — The Currency Note Ordinance 1899

Bill : G.N. No. 21/1899 First Reading : 17 January 1899 Second Reading : 31 January 1899 Third Reading : 28 February 1899 Commencement : 30 January 1901

3. Ordinance XIII of 1903 — The Currency Note Ordinance 1899 Amendment Ordinance 1903

Bill : G.N. No. 2/1903 First and Second Readings : 3 July 1903 Notice of Amendments : 3 July 1903 Third Reading : 3 July 1903 Commencement : 3 July 1903

4. Ordinance IV of 1904 — The Currency Note Ordinance Amendment Ordinance 1904

Bill : G.N. No. 156/1904 First Reading : 19 February 1904 Second Reading : 4 March 1904 Third Reading : 18 March 1904 Commencement : 18 March 1904

5. Ordinance III of 1905 — The Currency Note Ordinance 1899 Amendment Ordinance 1905

Bill : G.N. No. 1429/1904 First Reading : 16 December 1904 Second Reading : 20 January 1905 Third Reading : 17 March 1905 Commencement : 17 March 1905

6. Ordinance I of 1906 — The Currency Note Ordinance 1899 Amendment Ordinance 1906

Bill : Information not available First and Second Readings : 29 January 1906 Notice of Amendments : 29 January 1906 Third Reading : 29 January 1906 Commencement : 29 January 1906

7. Ordinance V of 1906 — The Currency Note Ordinance 1899 Amendment Ordinance 1906 No. II

Bill : G.N. No. 1176/1905 First Reading : 15 September 1905 Second Reading : 6 October 1905 Third Reading : 16 February 1906 Commencement : 16 February 1906

8. Ordinance XXIII of 1906 — The Currency Note Ordinance 1899 Amendment Ordinance 1906 No. III

Bill : G.N. No. 754/1906 First Reading : 24 August 1906 Second Reading : 31 August 1906 Third Reading : 14 September 1906 Commencement : 14 September 1906

9. Ordinance XXVI of 1906 — The Currency Note Ordinance 1899 Amendment Ordinance 1906 No. IV

Bill : Information not available First and Second Readings : 22 October 1906 Notice of Amendments : 22 October 1906 Third Reading : 22 October 1906 Commencement : 22 October 1906

10. Ordinance XXVII of 1908 — The Currency Note Ordinance 1899 Amendment Ordinance 1908

Bill : G.N. No. 1182/1908 First Reading : 6 November 1908 Second Reading : 13 November 1908 Third Reading : 27 November 1908 Commencement : 2 December 1908

11. Ordinance 18 of 1917 — Currency Note (Amendment) Ordinance, 1917

Bill : Information not available First, Second and Third Readings : 7 September 1917 Commencement : 7 September 1917

12. Ordinance 23 of 1917 — Currency Note (Further Amendment) Ordinance, 1917

Bill : G.N. No. 1197/1917 First Reading : 24 September 1917 Second Reading : 1 October 1917 Notice of Amendments : 1 October 1917 Third Reading : 1 October 1917 Commencement : 2 October 1917

13. Ordinance 19 of 1918 — Criminal Law (Currency Notes Forgery) Ordinance, 1918 (Amendments made by section 4 of the above Ordinance)

Bill : G.N. No. 815/1918 First Reading : 1 July 1918 Second Reading : 29 July 1918 Notice of Amendments : 29 July 1918 Third Reading : 29 July 1918 Commencement : 1 August 1918 (section 4)

14. Ordinance 21 of 1919 — Currency Note (Amendment) Ordinance, 1919

Bill : G.N. No. 578/1919 First Reading : 28 April 1919 Second Reading : 12 May 1919 Third Reading : 26 May 1919 Commencement : 30 May 1919

15. 1920 Revised Edition — Ordinance No. 147 (Currency Note)

Operation : 28 November 1921

16. Ordinance 15 of 1923 — Currency Ordinance, 1923

Bill : G.N. No. 819/1923 First Reading : 28 May 1923 Second Reading : 25 June 1923 Notice of Amendments : 3 September 1923 Third Reading : 3 September 1923 Commencement : 1 October 1923

17. 1926 Revised Edition — Ordinance No. 147 (Currency)

Operation : 1 August 1926

18. 1936 Revised Edition — Currency Ordinance (Chapter 219)

Operation : 1 September 1936

19. Ordinance 23 of 1938 — Currency Ordinance, 1938

Bill : G.N. No. 197/1937 First Reading : 15 February 1937 Second Reading : 26 April 1937 Notice of Amendments : 29 August 1938 Third Reading : 29 August 1938 Commencement : 21 October 1938

20. Ordinance 4 of 1946 — Currency (Transitional Amendment) Ordinance, 1946

Bill : Information not available First, Second and Third Readings : Information not available Commencement : 1 April 1946

21. Ordinance 7 of 1950 — Currency Ordinance, 1950

Bill : G.N. No. S 577/1949 First Reading : 20 December 1949 Second and Third Readings : 22 February 1950 Commencement : 22 March 1950

Note: This Ordinance repealed the Currency Proclamation (Proclamation No. 4) (British Military Administration G.N. No. 6/1945) and amended the Currency Ordinance, 1938 (Ordinance 23 of 1938).

22. Ordinance 42 of 1951 — Currency Ordinance, 1951

Bill : S 269/1951 First Reading : 17 July 1951 Second Reading : 21 August 1951 Notice of Amendments : 21 August 1951 Third Reading : 21 August 1951 Commencement : 1 January 1952

23. G.N. No. S 183/1954 — Currency (Coins) Regulations, 1954

Commencement : 28 May 1954

24. 1955 Revised Edition — Currency Ordinance (Chapter 66)

Operation : 1 July 1956

25. G.N. No. S 67/1957 — Currency (Coins) Regulations, 1957

Commencement : 4 March 1957

26. G.N. No. S 223/1959 — Singapore Constitution (Modification of Laws) Order, 1959

Commencement : 3 June 1959

27. Ordinance 71 of 1959 — Transfer of Powers Ordinance, 1959 (Amendments made by section 4 read with the First Schedule to the above Ordinance)

Bill : 30/1959 First Reading : 22 September 1959 Second and Third Readings : 11 November 1959 Commencement : 20 November 1959 (section 4 read with the First Schedule)

28. G.N. No. S (N.S.) 179/1959 — Singapore Constitution (Modification of Laws) (No. 5) Order, 1959

Commencement : 20 November 1959

PART 2 CURRENCY ORDINANCE, 1960 (ORDINANCE 51 OF 1960)

29. Ordinance 51 of 1960 — Currency Ordinance, 1960

Bill : Information not available First, Second and Third Readings : 21 September 1960 Commencement : 1 January 1961

PART 3 CURRENCY ACT 1967 (2020 REVISED EDITION)

30. Act 5 of 1967 — Currency Act, 1967

Bill : 5/1967 First Reading : 27 February 1967 Second and Third Readings : 13 March 1967 Commencement : 7 April 1967 (Parts I and II; sections 19 and 22; Part IV; and section 32) 12 June 1967 (sections 11 to 18, 20, 21, 23 to 27 and 33 to 35)

31. G.N. No. S 108/1967 — The Currency Act (Commencement) Notification, 1967

Commencement : 7 April 1967

32. Act 35 of 1967 — Currency (Amendment) Act, 1967

Bill : Information not available First, Second and Third Readings : 5 December 1967 Commencement : 19 November 1967

33. Act 3 of 1968 — Statutes Amendment Act, 1968 (Amendments made by section 2 read with the Schedule to the above Act)

Bill : 2/1968 First Reading : 24 January 1968 Second and Third Readings : 21 May 1968 Commencement : 31 May 1968 (section 2 read with the Schedule)

34. Act 2 of 1969 — Currency (Amendment) Act, 1969

Bill : 9/1969 First, Second and Third Readings : 11 June 1969 Commencement : 27 June 1969

35. 1970 Revised Edition — Currency Act (Chapter 64)

Operation : 1 April 1971

36. Act 35 of 1973 — Statutes of the Republic of Singapore (Miscellaneous Amendments) (No. 4) Act, 1973 (Amendments made by section 2 read with the Schedule to the above Act)

Bill : 35/1973 First Reading : 11 July 1973 Second and Third Readings : 26 July 1973 Commencement : 1 September 1973 (section 2 read with the Schedule)

37. Act 11 of 1982 — Currency (Amendment) Act, 1982

Bill : 1/1982 First Reading : 3 March 1982 Second and Third Readings : 26 March 1982 Commencement : 15 April 1981 (section 10) 30 April 1982 (except section 10)

38. G.N. No. S 125/1982 — The Currency (Amendment) Act, 1982

Commencement : 30 April 1982

39. 1985 Revised Edition — Currency Act (Chapter 69)

Operation : 30 March 1987

40. Act 3 of 1991 — Currency (Amendment) Act 1990

Bill : 32/1990 First Reading : 9 November 1990 Second and Third Readings : 20 December 1990 Commencement : 1 February 1991

41. Act 11 of 1991 — Statutes (Miscellaneous Amendments) Act 1991 (Amendments made by section 2 read with item (7) of the Schedule to the above Act)

Bill : 4/1991 First Reading : 3 January 1991 Second Reading : 14 January 1991 Notice of Amendments : 14 January 1991 Third Reading : 14 January 1991 Commencement : 30 November 1991 (section 2 read with item (7) of the Schedule)

42. 1992 Revised Edition — Currency Act (Chapter 69)

Operation : 9 March 1992

43. Act 33 of 1995 — Currency (Amendment) Act 1995

Bill : 29/1995 First Reading : 7 August 1995 Second and Third Readings : 27 September 1995 Commencement : 1 May 1996

44. 1998 Revised Edition — Currency Act (Chapter 69)

Operation : 30 May 1998

45. Act 47 of 1998 — Currency (Amendment) Act 1998

Bill : 46/1998 First Reading : 12 October 1998 Second and Third Readings : 26 November 1998 Commencement : 31 December 1998

46. 1999 Revised Edition — Currency Act (Chapter 69)

Operation : 1 August 1999

47. Act 25 of 2002 — Currency (Amendment) Act 2002

Bill : 23/2002 First Reading : 8 July 2002 Second and Third Readings : 23 July 2002 Commencement : 1 October 2002

48. 2002 Revised Edition — Currency Act (Chapter 69)

Operation : 31 December 2002

49. Act 24 of 2003 — Monetary Authority of Singapore (Amendment) Act 2003 (Amendments made by section 13 read with item (2) of the Schedule to the above Act)

Bill : 21/2003 First Reading : 16 October 2003 Second and Third Readings : 10 November 2003 Commencement : 1 January 2004 (section 13 read with item (2) of the Schedule)

50. Act 13 of 2007 — Monetary Authority of Singapore (Amendment) Act 2007 (Amendments made by section 18 of the above Act)

Bill : 1/2007 First Reading : 22 January 2007 Second and Third Readings : 12 February 2007 Commencement : 30 June 2007 (section 18)

51. Act 15 of 2010 — Criminal Procedure Code 2010 (Amendments made by section 430 read with item 30 of the Sixth Schedule to the above Act)

Bill : 11/2010 First Reading : 26 April 2010 Second Reading : 18 May 2010 Third Reading : 19 May 2010 Commencement : 2 January 2011 (section 430 read with item 30 of the Sixth Schedule)

52. Act 31 of 2017 — Monetary Authority of Singapore (Amendment) Act 2017 (Amendments made by section 38 of the above Act)

Bill : 25/2017 First Reading : 8 May 2017 Second and Third Readings : 4 July 2017 Commencement : 15 August 2017 (section 38)

53. Act 6 of 2019 — Currency (Amendment) Act 2019

Bill : 53/2018 First Reading : 20 November 2018 Second and Third Readings : 14 January 2019 Commencement : 14 March 2019

54. Act 4 of 2021 — Statute Law Reform Act 2021 (Amendments made by section 15(3) of the above Act)

Bill : 45/2020 First Reading : 3 November 2020 Second and Third Readings : 5 January 2021 Commencement : 1 March 2021 (section 15(3))

Abbreviations

C.P. Council Paper G.N. No. S (N.S.) Government Notification Number Singapore (New Series) G.N. No. Government Notification Number G.N. No. S Government Notification Number Singapore G.N. Sp. No. S Government Notification Special Number Singapore L.A. Legislative Assembly L.N. Legal Notification (Federal/Malaysian Subsidiary Legislation) M. Act Malayan Act/Malaysia Act M. Ordinance Malayan Ordinance Parl. Parliament S.S.G.G. (E) No. Straits Settlements Government Gazette (Extraordinary) Number S.S.G.G. No. Straits Settlements Government Gazette Number

COMPARATIVE TABLE CURRENCY ACT 1967

This Act has undergone renumbering in the 2020 Revised Edition. This Comparative Table is provided to help readers locate the corresponding provisions in the last Revised Edition.