Section 3
of Currency Act
Section 3
(1)
There is hereby established a Board which shall be known as the
Brunei Darussalam Currency Board.
(2)
The Board shall be a body corporate and shall have perpetual succession and a corporate seal, and may sue and be sued in its own name.
(3)
The Board shall consist of the following Members — [S 9/98]
(a)
the Minister of Finance or in his place a person designate by name by His Majesty the Sultan and Yang Di-Pertuan;
[S 10/98]
(b)
such number of other persons, one of whom shall possess recognised banking or financial experience, as His Majesty the sultan and Yang Di-Pertuan may appoint.
(4)
The Minister of Finance shall be Chairman of the Board: [S 10/98]
Provided that where His Majesty the Sultan and Yang Di-Pertuan has designated a person in place of the Minister of Finance under subsection
(3)
, that person shall be Chairman of the Board.
Objects of the Board.