Draft Currency Notes (Variation of Maximum Amount of Issue) (Jersey) Regulations 200-

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A decision made (18.09.2009) to approve the draft Currency Notes (Variation of Maximum Amount of Issue) (Jersey) Regulations 200-

Decision Reference: MD-TR-2009-0144
Decision Summary Title:	Increase in Jersey currency note issue limit to £100 million		Date of Decision Summary:	18 September 2009
Decision Summary Author:	Head of Shared Services		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Increase in Jersey currency note issue limit to £100 million		Date of Written Report:	18 September 2009
Written Report Author:	Head of Shared Services		Written Report : Public or Exempt?	Public
Subject: Increase in the Jersey currency notes issue limit to £100 million.
Decision(s): The Minister for Treasury and Resources approved the draft Currency Notes (Variation of Maximum Amount of Issue) (Jersey) Regulations 200-, the purpose of which was to increase the Jersey currency notes issue limit to £100 million, and requested that they be lodged ‘au Greffe’ for debate at the earliest opportunity.
Reason(s) for Decision: In order to meet the peak demand for currency by Islanders the maximum limit of currency in circulation, set at £75 million in 1999, needs to be increased approximately in line with inflation to £100 million.
Resource Implications: There are no changes to resource requirements.
Action required: The Greffier of the States to lodge the draft Regulations ‘au Greffe’ at the earliest opportunity.
Signature:		Position: Senator P F C Ozouf Minister for Treasury and Resources
Date Signed:		Date of Decision: