Economic and Monetary Union Act, 1998
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Chapter IV Withdrawal of Legal Tender Notes and Coins | ||
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Calling in of coins. |
15.—(1) Subject to subsection (2), the Minister may by order call in coins of any particular composition, date or denomination— | |
(a) issued under the repealed enactments, or | ||
(b) issued under the Decimal Currency Acts, 1969 to 1990, or | ||
(c) issued under this Act, or | ||
(d) circulating in the State and issued by one or more of the other participating Member States which are comparable to coins issued under this Act, | ||
and the Minister may by order amend or revoke an order under this section. | ||
(2) The Minister shall not make an order under this section which relates to matters within the competence of the European Central Bank by or under paragraph 2 of Article 105a of the Treaty except with the consent of that Bank. | ||
(3) The following shall apply in respect of every order under subsection (1): | ||
(a) the order shall provide for its coming into operation on a particular date (in this subsection referred to as the “withdrawal date”) not being earlier than 6 months after the date of its making, | ||
(b) the order shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the order is passed by either such House before the withdrawal date, the order shall be annulled accordingly. | ||
(4) Section 12 of the Act of 1969 is hereby repealed. | ||
(5) In this section “repealed enactments” means the Coinage Act, 1926 , (including that Act as amended by the Emergency Powers (No. 140) Order, 1942, and by sections 58 and 60 of the Central Bank Act, 1942 ) or the Coinage Act, 1950 . |