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PART IV
Currency
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Standard of value.
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43.—(1) The standard unit of value of the State shall be the Irish pound having a par value of 2.13281 grams of fine gold which shall be issued in the form of a legal tender note.
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(2) The Government may by order, after consultation with the Bank, change the par value specified in subsection (1) of this section.
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(3) The Government may by order, after consultation with the Bank, amend or revoke an order under this section, including this subsection.
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(4) Whenever an order under this section is in force, subsection (1) of this section shall have effect in accordance with the terms of the order.
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(5) Every order under this section shall be laid before each House of the Oireachtas as soon as may be after it is made.
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