Legal Tender (CAP. 246A 1

CHAPTER 2468

THE LEGAL TENDER ACT

Arrangement of Sections
Section

1. Short title.
2. Interpretation.
3 . Legal tender.
4. Minister may designate commemorative coins and com-

memorative bank notes as legal tender.
5. Prohibition of other coins and tokens.

LEGAL TENDER

(1st July, 1982.)

1. This Act may be cited as the Legal Tender Act. Short title.

2. In this Act- Interpretation.

"coins" means coins which are issued by the East Carib-
bean Currency Authority and are legal tender in
the territories signatory to the East Caribbean
Currency agreement.

"Commemorative coins" means coins approved by the
Minister from time to time as commemorative coins
in Antigua and Barbuda;

LAWS OF ANTIGUA AND BARBUDA

2 CAP. 246A) Legal Tender

" Commemorative currency notes" means currency
notes approved by the Minister from time to time
as commemorative currency notes in Antigua and
Barbuda;

< ' Currency notes" means currency notes issued by the
East Caribbean Currency Authority which are legal
tender in the territories signatory to the East Carib-
bean Currency Agreement;

"Minister" means the Minister of Finance.

Legal tender. 3. (1) Currency notes shall be legal tender in Antigua
and Barbuda for payment of any amount of money.

(2) Coins shall be legal tender in Antigua and Barbuda
for the payment of amounts as follows-

(a) gold coins for payment of any amount;

(6) silver coins for payment of an amount not
exceeding ten dollars;

(c) bronze coins for payment of an amount not
exceeding two dollars.

Minister may
designate

4. (1) The Minister may by Order published in the
commemorative Gazette designate commemorative coins and commemorative
coins and currency notes issued by the Government of Antigua and
commemorative
bank notes as Barbuda as legal tender in Antigua and Barbuda for pay-
legal tender. ment of the amounts which may be specified in the Order

published in the Gazette.

(2) The Order shall set out the date from which and
the period during which any commemorative coins and com-
memorative currency notes shall be legal tender.

Prohibition of
other coins and

5 . (1) No piece of gold, silver, copper or bronze or
tokens. of any metal or mixed metal of any value whatever shall

be made or issued except by the ~ a s t Caribbean Currency
Authority or by the Government of Antigua and Barbuda
as a coin or a token for money or as purporting that the
holder thereof is entitled to demand any value thereon.

LAWS OF ANTIGUA AND BAKBUDA

Legal Tender (CAP. 246A 3

(2) Every person who acts in contravention of this Sec-
tion shall be liable on summary conviction to a penalty of
one thousand dollars.