Economic and Monetary Union Act, 1998

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Number 38 of 1998


ECONOMIC AND MONETARY UNION ACT, 1998


ARRANGEMENT OF SECTIONS

PART I

Preliminary and General

Section

1.

Short title and commencement.

2.

Interpretation (generally).

3.

Expenses.

4.

Laying of regulations and orders.

PART II

Economic and Monetary Union

Chapter I

General

5.

Interpretation (Part II).

Chapter II

Euro Currency System

6.

Introduction of euro currency system.

7.

Contracts during transitional period.

Chapter III

Legal Tender and Legal Tender Amounts

8.

Definition (Chapter III).

9.

Legal tender status of notes and coins denominated in Irish pounds.

10.

Legal tender amounts of coins.

11.

Provision and issuance of coins.

12.

Amendment of section 14 (prohibition of making or issuing of coins) of Act of 1969.

13.

Expenses of provision of coins.

14.

Proceeds of issue of coins.

Chapter IV

Withdrawal of Legal Tender Notes and Coins

15.

Calling in of coins.

16.

Redemption of coins.

17.

Prohibition of melting down of coins.

18.

Redemption of legal tender notes.

19.

Calling in of legal tender notes.

Chapter V

Miscellaneous

20.

Copyright in euro notes and coins.

21.

Modification of forms.

22.

Interbank offered rate.

23.

Redenomination of outstanding debt into euro.

24.

Redenomination of share capital.

25.

Transitional provisions relating to section 24.

26.

Renominalisation of shares.

27.

Amendment of Central Bank Act, 1989.

28.

Amendment of Central Bank Act, 1997.

29.

Power to make regulations.

PART III

Commemorative Coinage

30.

Design, etc., issue and sale of coins.

31.

Determination of price.

32.

Commemorative coins to be legal tender.

33.

Payments into and out of general fund of Central Bank of Ireland.

34.

Copyright.


Acts Referred to

Central Bank Act, 1942

1942, No. 22

Central Bank Act, 1971

1971, No. 24

Central Bank Act, 1989

1989, No. 16

Central Bank Act, 1997

1997, No. 8

Central Bank Act, 1998

1998, No. 2

Coinage Act, 1926

1926, No. 14

Coinage Act, 1950

1950, No. 32

Companies Act, 1963

1963, No. 33

Companies Acts, 1963 to 1990

Companies (Amendment) Act, 1983

1983, No. 13

Copyright Act, 1963

1963, No. 10

Currency Act, 1927

1927, No. 32

Currency and Central Bank Acts, 1927 to 1971

Decimal Currency Act, 1969

1969, No. 23

Decimal Currency Act, 1970

1970, No. 21

Decimal Currency Act, 1990

1990, No. 2

Decimal Currency Acts, 1969 to 1990

Exchange Control Act, 1954

1954, No. 30

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Number 38 of 1998


ECONOMIC AND MONETARY UNION ACT, 1998


AN ACT TO MAKE PROVISION IN RELATION TO THE INTRODUCTION OF THE EURO, TO PROVIDE FOR THE DESIGN, ISSUE AND SALE OF COMMEMORATIVE LEGAL TENDER COINAGE AND TO PROVIDE FOR RELATED MATTERS. [13th July, 1998]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: