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Monetary unit and exchange rate.
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24.—(1) The monetary unit of the State shall be the Irish pound which shall be issued in legal tender form.
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(2) The Minister may, whenever he considers it necessary after consultation with the Bank, do either or both of the following, that is to say:
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(a) vary the general exchange rate arrangements for the time being for the Irish pound in respect of any or all other monetary units,
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(b) make specific exchange rate adjustments consistent with those arrangements.
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(3) Whenever the Minister varies the general exchange rate arrangements or makes specific exchange rate adjustments under subsection (2), a notice to that effect shall be published in the Iris Oifigiúil.
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