Central Bank Act, 1989.

Amendment of section 4 of Act of 1969.

126.—(1) Section 4 of the Act of 1969 is hereby amended—

(a) by the deletion of subsection (1), and

(b) in subsection (2)—

(i) by the substitution of the following paragraph for paragraph (a):

“(a) The Minister may, whenever and so often as he thinks fit, by order (in this section referred to as a new coinage order) declare that it is expedient to provide coins of a specified metal or a specified mixture of metals, other than as provided for by or under section 3 of this Act, of any specified denomination of coin which the Minister is authorised by or under the said section 3 to provide.”,


(ii) by the substitution of the following paragraph for paragraph (d):

“(d) Whenever an order is proposed to be made under this subsection, a draft of the order shall be laid before each House of the Oireachtas and the order shall not be made until a resolution approving the draft has been passed by each such House.”.

(2) Any order made in whole or in part under section 4(2) of the Act of 1969 and in force immediately before the commencement of this section shall continue in force as if it had been made to the like extent under and in accordance with the said section 4 (2) as amended by subsection (1).