Decimal Currency Act, 1969

Provision of cupro-nickel and bronze coins.

3.—(1) The Minister may provide cupro-nickel and bronze coins of the several denominations specified in column (1) of the First Schedule to this Act, and may take such steps as he thinks proper for the provision of such coins.

(2) Every coin provided under this section shall be of the standard weight and standard composition specified in respect thereof in columns (2) and (3) of the said First Schedule or, if it is a cupro-nickel coin, the standard weight so specified and such other standard composition as stands specified for the time being by order under subsection (3) of this section.

(3) The Minister may, in respect of any cupro-nickel coins of a particular denomination provided under this section, by order amend the said First Schedule by substituting, for the standard composition specified therein in respect of those coins, such other standard composition as he thinks fit and specifies in the order and the said First Schedule shall have effect accordingly.

(4) There shall be allowed in respect of coins provided under this section the remedy (or variation from the standard weight and standard composition) stated in respect thereof in column (4) of the said First Schedule.

(5) (a) The Minister may provide cupro-nickel and bronze coins other than those provided for in the said First Schedule and may by order determine the denominations, standard weights and standard compositions of such coins and the remedy (or variation from the standard weight and standard composition) to be allowed in respect thereof.

(b) The Minister may by order amend or revoke an order under this subsection.

(c) No order under this subsection shall come into force unless and until it has been confirmed by resolution of each House of the Oireachtas.

(6) The Minister may by regulations prescribe the dimensions and design of the several denominations of coins to be provided under this section and every coin so provided shall be of the dimensions and design so prescribed in respect thereof.