Currency and Monetary Order, 2004 (Formerly Known as Currency Act)

This Order may be cited as the Currency and Monetary Order, 2004 and shall commence on a date to be appointed by the Minister, with the approval of

The long title of this Order is "An Order to establish a Brunei Currency

In this Order, unless the context otherwise requires -

"bank" has the same meaning as in subsection (1) of section 2 of the

Banking Act (Chapter 95) and includes and Islamic bank as defined in section 2 of the Islamic Banking Act (Chapter 168);

"Board" means the Brunei Currency and Monetary Board;

"Chief Executive Officer" means a person appointed as such under subsection (1) of section 7;

"demand liabilities" means the Board's currency notes and coins in circulation and its other demand liabilities;

"foreign exchange" means foreign currencies and claims in and to foreign currencies;

"member" means any member of the Board;

"Minister" means the Minister of Finance.