Section 20
of Currency and Monetary Order, 2004 ( Formerly Known as Currency Act )
ORDERIn forceProvision 21 of 36
Section 20
(1)
Notwithstanding the provisions of section 18, the Authority shall have power, on giving not less than 3 months notice, to withdraw in any currency notes and coins on payment of the face value thereof and any such notes or coins shall, on the expiration of such notice, cease to be legal tender.
Incorporating amendments until S 104/2010
(Cleancopy) NANI/Hj.Afif/Amiriah/Bb/zura_as of 06.05.2019
10
BLUV as at 16th December 2010
(2)
Any such notice shall give holders of the currency notes and coins to be withdrawn, a reasonable period being not less than 6 months, within which such notes or coins shall be exchanged at their face value for other legal tender issued by the Authority.