Finance Order 2003
•
Official Commonwealth House Site -- Ibrosia.tk
• Official Commonwealth House Site -- Ibrosia.tk
|
|
The Finance Order 2003
2003- No. FI-02
Made: 24th May 2003 CE 36th Qa’esique 04 IIC Coming into Force: 1st June 2003 CE 6th Qa'qualsque 04 IIC
AN ORDER to alter the exchange rate in the Great Commonwealth Central Bank.
Be it enacted by the Minister of State, in exercise of powers conferred upon him by Section 1(2) of the Legal Tender Act 2002 and all other powers enabling him in that behalf, as follows –
1. SHORT TITLE AND COMMENCEMENT– (1) This statutory instrument may be cited as the Finance Order 2003. (3) This order shall come into effect on the 1st of June, 2003 (04/05/06+00 IIC).
2. EXCHANGE RATE – (1) The exchange rate to come into effect with this order, extended to the Great Commonwealth Central Bank, under the authority of the Office of the Treasury, shall be that demonstrated in Subsection (2) (2) One Great Commonwealth Pound shall be exchangeable for— (a) £0.43 (Sterling, the United Kingdom) (b) $0.30 (United States’ Federal Reserve Dollars) (c) €0.24 (European Currency Units) (3) No other exchanges, with the exception of gold to the required value, may be made in a Great Commonwealth Central Bank. (4) A standing charge of 15% of the monies exchanged may be requested for exchanges warranted in Section 2(1)(2) of the Act.
3. INTERPRETATION – In this order ‘the Act’ refers to the Legal Tender Act 2002.
‘Long Live the Great Commonwealth’
Andrew J. McCulloch
Chancellor of the Exchequer; Minister of State for Finance and the Economy; Secretary of State for the Treasury. Commonwealth House, Nova Britannia
24th of May, 2003 |
|
|