(1) For the purposes of this Act, all amounts of money are to be expressed in Eastern Caribbean Dollars, EC$ or XCD$.
(2) Where an amount is expressed in a currency other than Eastern Caribbean Dollars, EC$ or XCD$ —
(a) in the case of imports, the amount is to be converted at the exchange rate as determined for purposes of the Customs (Control and Management) Act;
(b) in all other cases, the amount is to be converted at the exchange rate applying between the currency and the Eastern Caribbean Dollar, EC$ or XCD$ at the time the amount is taken into account under this Act.