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2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

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6. Date and effect of cessation of legal tender

From the 1^st day of July, 2020 —

(a) the one cent and two cent coins issued by the Bank shall cease to be legal tender for cash payment;

(b) each financial institution shall cease to accept the one cent and two cents coins from a consumer or vendor.

6. Date and effect of cessation of legal tender

2. Interpretation

3. Incorporation of the Bank

4. Agreement to have the force of law

4A. Inconsistency with other enactment

(Inserted by Act 12 of 2022)

5. Financial Provisions

6. Implementation of amendments to the agreement

PART I PRELIMINARY

PART II ESTABLISHMENT OF BANK

PART IIA SPECIAL EMERGENCY POWERS OF BANK

PART III GENERAL RESERVE AND PROFITS

PART IV ADMINISTRATION AND MANAGEMENT

PART V CURRENCY

PART VI EXTERNAL RESERVE

PART VII FOREIGN EXCHANGE OPERATIONS

PART VIII RELATIONS WITH FINANCIAL INSTITUTIONS

PART IX RELATIONS WITH THE PARTICIPATING GOVERNMENTS

PART X MISCELLANEOUS

PART XI ACCOUNTS AND STATEMENTS

PART XII IMMUNITIES, PRIVILEGES AND ARBITRATION OF DISPUTES

PART XIII WITHDRAWAL AND TERMINATION

PART XIV FINAL PROVISIONS

SUBSIDIARY LEGISLATION

Eastern Caribbean Central Bank Agreement (Withdrawal from Circulation of One Cent and Two Cent Coins) Regulations (Statutory Instrument 63/2015)

2. Commencement

3. Interpretation

5. Withdrawal and acceptance of one cent and two cent coins

7. Payment of coins at face value

8. Rules for rounding

9. Rounding difference

10. Payment by rounding is final

11. Application of rounding by vendor

12. Payment of taxes and fees

13. Cheque and electronic payments