Economic and Monetary Union Act, 1998
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Redemption of coins. |
16.—The Act of 1969 is hereby amended by the substitution of the following for section 11 : | |
“11.—The Central Bank may, if it thinks fit so to do, redeem coins— | ||
(a) issued under the repealed enactments, or | ||
(b) issued under the Decimal Currency Acts, 1969 to 1990, or | ||
(c) issued under the Economic and Monetary Union Act, 1998, 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 the Economic and Monetary Union Act, 1998, | ||
and all sums required for that purpose shall be defrayed out of the general fund of the Central Bank and debited therein to the currency reserve.”. |