Banknote lei is forbidden
The public has been warned against using banknotes for lei is strictly forbidden as this may damage the currency.
Central Bank of Samoa issued a reminder ahead of the festive season about the importance of handling the currency responsibly.
Banknotes are a vital part of our economy, said the institution, and their misuse can have serious legal and financial implications.
One of those practices is using banknotes for lei or any similar traditional celebrations where cash is stapled, folded or actions that deface the currency are “considered illegal”.
According to the Central Bank of Samoa Act 2015 section 39, writing on, tearing, mutilating or defacing banknotes is a criminal offence.
A person who defaces or misuses banknotes, including for cultural or festive purposes, commits an offence and is liable on conviction to a fine not exceeding 100 penalty units and or imprisonment for a term not exceeding two years.
Many schools recently wrapped up the year with prize giving and many parents flanked their children with money lei without knowing it was an offence to do so.
Other events where banknotes are used for lei are during the bestowment of matai title and at weddings.
According to C.B.S., the proper handling of banknotes helps maintain their integrity, prolongs their lifespan, and reduces costs for the economy.
“Respect for our currency reflects respect for our nation,” the bank reminded.
“The public is urged to treat our currency with care and respect. Protecting the integrity of our banknotes is a shared responsibility.”