Section 16
Refund of lost, stolen or imperfect currency
ActIn forceProvision 16 of 70
Section 16
(1)
No person shall be entitled to recover from the Bank the value—
(a)
of any currency note and currency coin which is lost, stolen or imperfect;
(b)
of any currency note which is defaced; or
(c)
of any currency coin which has been tampered with.
(2)
Notwithstanding subsection (1), the Bank may, at its discretion, refund the value—
(a)
of any currency note and currency coin which is imperfect;
(b)
of any currency note which is defaced; or
(c)
of any currency coin which has been tampered with.