Legal tender de France. Anyone refusing such monies for their whole value would be prosecuted (French Penal Code art. R. 642-3). According to the "Economic and Monetary Union Act, 1998" of the Republic of Ireland which replaced the legal tender provisions that had been re-enacted in Irish legislation from previous British enactments, "No person, other than the Central Bank of Ireland and such persons as may be designated by the Minister by order, shall be obliged to accept more than 50 coins denominated in euro or in cent in any single transaction." The "Decimal Currency Act, 1970" governed legal tender prior to
Legal tender and they were recalled, not without first causing a panic among holders of the debentures. In 1847, the Colonial Bank of Issue became the only issuer of legal tender. In 1856, however the Colonial Bank of Issue was disbanded and through the Paper Currency Act 1856, the Union Bank was confirmed once again as an issuer of legal tender. The Act also authorised the Oriental Bank to issue legal tender but this bank ceased operations in 1861. Between 1861 and 1874, a number of other banks including the Bank of New Zealand, Bank of New South Wales, National Bank of