Central Bank Act, 1971

Amendment of section 14 of Decimal Currency Act, 1970.

57.Section 14 of the Decimal Currency Act, 1970 , is hereby amended by the substitution of the following subsection for subsection (1):

“(1) Without prejudice to section 2 of this Act, section 10 of the Currency Act, 1927 , shall be construed as continuing to permit contracts, sales, payments, bills, notes, instruments, and securities for money, and every transaction, dealing, matter, and thing whatever relating to money or involving the payment or the liability to pay any money to be made, executed, entered into, done or had according to the old currency, the new currency or the currency of some state or country other than the State, subject to the proviso that section 13 of this Act shall apply in relation to any amount in the old currency which is not a whole number of pounds and which is or becomes due for payment on or after the appointed day.”