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Bermuda Monetary Authority (Currency Forms and Designs, Etc.) Regulations 1992

BERMUDA STATUTORY INSTRUMENT

BR 42/1992

BERMUDA MONETARY AUTHORITY (CURRENCY FORMS AND DESIGNS, ETC.) REGULATIONS 1992

[made under section 13 of theBermuda Monetary Authority Act 1969 and brought into operation on the 9 October 1992]

ARRANGEMENT OF REGULATIONS


1 Citation

2 Interpretation

3 Denominations of cur rency notes regulated by these Regulations

4 Dimensions of currency notes

5 Form and design of cur rency notes

6 Device on currency notes

7 Authentication of cur rency notes

8 Saving


Citation

1 These Regulations may be cited as the Bermuda Monetary Authority (Currency Forms and Designs, Etc.) Regulations 1992.

Interpretation

2 In these Regulations—

"currency note" means a currency note that is not regulated by the 1988 Regulations;

"the 1988 Regulations" means the Bermuda Monetary Authority (Currency Forms and Designs, Etc.) Regulations 1988 [title 16 item 11(a)].

Denominations of currency notes regulated by these Regulations

3 Currency notes may be of the following denominations—

 

NOTES

$5.00 (five dollars)

$10.00 (ten dollars)

$50.00 (fifty dollars).

Dimensions of currency notes

4 Every currency note shall be 140 millimetres long and 68 millimetres wide.

Form and design of currency notes

5 The form and design of every currency note shall be in accordance with a sample note deposited by the Minister with the Authority and, in particular—

(a) every currency note shall bear a portrait of Her Majesty Queen Elizabeth II wearing a diamond tiara;

(b) the value of currency notes shall be expressed as follows—

(i) in words, in the centre of the front of every note, and in the bottom right-hand corner of the back of every note;

(ii) by a dollar symbol—

(aa) in every corner of the front of every note;

(bb) in the top right-hand and bottom left-hand corners of the back of every note;

(c) the Bermuda Coat of Arms shall appear on the back of every currency note;

(d) the words "Bermuda Monetary Authority" shall appear prominently on the front and on the back of every currency note;

(e) the words "This note is legal tender issued under The Bermuda Monetary Authority Act 1969" shall appear on the front of every currency note;

(f) every currency note shall be numbered serially in such manner as the Authority may determine;

(g) the date which shall appear on the front of every currency note shall respectively be as follows—

(i) $5.00 - "12 November 1992";

(ii) $100.00 - "4 January 1993";

(iii) $50.00 - "12 October 1992";

(h) the predominant features of the design of the front of every currency note shall respectively be as follows—

(i) $5.00 - Conch (shell);

(ii) $10.00 - Oleander (flowers);

(iii) $50.00 - Commissioner's House (historical building);

(i) the predominant features of the design of the back of every currency note shall respectively be as follows—

(i) $5.00 - (Maroon) background view of the town of St. George, together with a view of St. David's Lighthouse;

(ii) $10.00 - (Mauve) background view of Flatts Inlet, together with a depiction of the Cahow and a large shell;

(iii) $50.00 - (Navy blue) outline map of Bermuda as background, together with a depiction of divers exploring the underwater site of a shipwreck.

Device on currency notes

6 The device to be borne by every currency note shall be a watermark in the shape of a tuna fish.

Authentication of currency notes

7 Currency notes shall be authenticated by facsimile signatures in accordance with the following—

Date on Bank note

Signatories

1992 onward

"Chairman" and "Director

Saving

8 For the avoidance of doubt, it is hereby declared that nothing in these Regulations affects the operation of the 1988 Regulations.

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