THE BRITISH INDIAN OCEAN TERRITORY
Ordinance No. 11 of 1981
Official
Stamp
An Ordinance to make British sterling money lawful currency in the British Indian Ocean Territory and to provide for matters incidental thereto and connected therewith.
Enacted by the Commissioner for the British Indian Ocean Territory.
WS
27th November
1981.
Commissioner.
1. This Ordinance may be cited as the Currency Ordinance, 1981 and shall come into operation on such date as the Commissioner may by notice in the Gazette appoint.
2. British sterling notes and coins of the denominations, designs and specifications in circulation from time to time as lawful currency in the United Kingdom shall be lawful currency in the Territory.
Short title mencement.
and com-
British sterling notes and
coins to be current.
transactions may be
3. All transactions relating to money or involving or implying the pay- Money ment of money or the liability to pay money which shall be entered into in the Territory may be entered into in or in relation to British sterling entered money; and all such transactions entered into in or in relation to such into in
sterling. sterling money shall be deemed to be according to the sterling value of the various notes and coins in circulation in the United Kingdom at the time of entering into the transaction in question, unless it be proved to be the intention of the parties to the transaction to apply a different value.
to rupees to be
4. Any reference to a sum of rupees in any enactment (including References an enactment of Mauritius or Seychelles) for the time being in force in the Territory shall be construed, subject to the provisions of any law construed enacted or to be enacted by a legislature for the Territory, as a reference as to the equivalent sum in sterling at the relevant time for making such to sterling. substitution of currency in respect of the proceeding, transaction, matter or thing in question.
references
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