2. Insertion of new section 52a in Chapter 422

The following new section is hereby inserted immediately after section 52 of the Monetary Law Act,

(hereinafter referred to as the “principal enactment”) and shall have effect as section 52a of that Act :—

“Issue of 52a. (1) (a) The Central Bank may, with the comme:

approval of the Minister in charge of the subject currency of Finance and subject to section 53, issue notes or commemorative currency notes or coins.

coins.

Commemorative currency notes or coins issued under paragraph (a) of this subsection may be sold at a price higher than the denomination specified in such note or coin and as may be determined by the Minister in charge of the subject of Finance.

The sale of a commemorative currency note or coin issued under subsection (1) at a price higher than the denomination specified in such currency note or coin shall be deemed not to be a contravention of section 58a.

In this section “ commemorative currency note or coin” means a currency note or coin issued to commemorate any person or 2 special event.”.