Section 10
Legal tender
ActIn forceProvision 10 of 70
Section 10
(1)
Only currency note and currency coin issued by the
Bank shall be legal tender in Malaysia at its face value provided that the currency note is not defaced and the currency coin is not tampered with.
(2)
The currency note and currency coin referred to in subsection (1)
shall be legal tender at its face value for a payment not exceeding the maximum aggregate quantity or value of currency note or currency coin as specified in the Second Schedule.