First Previous (Chapter V Miscellaneous)

38 1998

ECONOMIC AND MONETARY UNION ACT, 1998

PART III

Commemorative Coinage

Design, etc., issue and sale of coins.

30. —(1) The Minister may provide coins of a commemorative nature of such denominations, technical specifications, dimensions, composition and design or designs as the Minister may determine.

(2) Coins provided under this Part may be issued and put on sale to the public by the Minister through the Central Bank of Ireland.

Determination of price.

31. —The price at which any type of coin is put on sale under section 30 shall be determined by the Central Bank of Ireland and different prices may be determined—

(a) for different finishes applied to, or strikings of, the type of coin, and

(b) taking account of packaging (if any) or different packaging supplied with the type of coin,

but no price shall be so determined at below the face value of the coin.

Commemorative coins to be legal tender.

32. —A tender of coins issued under this Part shall be legal tender subject to any general limitation as to the number of coins being legal tender for any single transaction.

Payments into and out of general fund of Central Bank of Ireland.

33. —(1) All sums required for the provision and issuance of coins provided under this Part shall be defrayed out of the general fund of the Central Bank of Ireland and debited therein to the currency reserve.

(2) The proceeds of every issue of coins provided under this Part shall be paid into the general fund of the Central Bank of Ireland and carried therein to the credit of the currency reserve.

Copyright.

34. Section 57 of the Copyright Act, 1963 , shall apply to coins issued under this Part.