This Act may be cited as the Malaysian Currency Short (Ringgit) Act, 1975.
Act 160
Malaysian Currency (Ringgit) Act 1975
Akta mata wang malaysia (ringgit) 1975
Text recovered by OCR from a scanned copy β section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
An Act to change the name of the unit of Malaysian currency and to provide for matters incidental thereto. 1 2914 Anpush, 19755 BE IT ENACTED by the Duli Yang Maha Mulia Seri Paduka Baginda Yang di-Pertuan Agong with the advice and consent of the Dewan Negara and Dewan Rakyat in Parliament assembled, and by the authority of the same, as follows: 1. This Act may be cited as the Malaysian Currency Short (Ringgit) Act, 1975. 2. (1) The Central Bank of Malaysia Ordinance, 1958 is Amend- hereby amended- 61/58. (a) by substituting for section 18 thereof the following new section 18β "Unit of 18. (1) The unit of currency in the currencyβ’ Federation shall be the ringgit, which shall be divided into one hundred sen. (2) Upon the coming into force of this section, every contract, sale,payment, bill, note, instrument and security for money and every transaction, dealing, matter and thing whatsoever relating to money or involving the payment of, or the liability to pay,any money which but for this subsection would have been deemed to be made, executed, entered into, done and had for, in and in relation to Malaysian dollars shall be deemed instead to be made, executed, entered into, done and had for, in and in relation to ringgit.";
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(1) The Central Bank of Malaysia Ordinance, 1958 is Amendhereby amended- 61/58.
(a) by substituting for section 18 thereof the following new section 18β "Unit of
(1) The unit of currency in the currencyβ’ Federation shall be the ringgit, which shall be divided into one hundred sen.
(2) Upon the coming into force of this section, every contract, sale,payment, bill, note, instrument and security for money and every transaction, dealing, matter and thing whatsoever relating to money or involving the payment of, or the liability to pay,any money which but for this subsection would have been deemed to be made, executed, entered into, done and had for, in and in relation to Malaysian dollars shall be deemed instead to be made, executed, entered into, done and had for, in and in relation to ringgit.";
(S. 2-3] Amendment. 23/67.
(b) by substituting the word "ringgit" for the words "Malaysian dollar" ", "Malaysian dollars", "dollar" and "dollars" wherever they appear therein; and
(c) by substituting the word "sen" for the word "cents" wherever it appears therein.
(2) Upon the coming into force of this section, all references in any written law to Malaysian dollar and cent shall respectively be construed as ringgit and sen. 3. Section 3 of the Interpretation Act, 1967 is hereby amended
(a) by deleting the definitions of "dollar" and "cent";
(b) by inserting immediately after the definition of "residency" the following definition of "ringgit"β '"ringgit" means a ringgit in the currency of Malaysia,; and
(c) by inserting immediately after the definition of "sell" ", the following definition of "sen"- '"sen" means a sen in the currency of Malaysia; KUALA LUMPUR DICETAK OLEH KETUA PENGARAH PERCETAKAN DAN DITERBITKAN DENGAN PERINTAH PADA 28HB oGos, 1975 Harga: 20 sen
Cite this legislation
- Official citation
- Act 160
- Source
- lom.agc.gov.my
- Data synced
- Licence
- Official text, free to reproduce (Copyright Act 1987 [Act 332] s 3) β
Malaysian Currency (Ringgit) Act 1975 [Act 160] (Laws of Malaysia, lom.agc.gov.my). Retrieved via LawPlayer, https://lawplayer.com/my/act/act-160
This text is synced from lom.agc.gov.my. In case of any discrepancy, the authoritative text prevails.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).