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The Currency Act required that
all paper money in the colonies be retired.
imperial payments to the colonies be made in paper currency.
British merchants and taxes be paid in currency backed by precious metals.
royal governors keep British ministers apprised of the current colonial situation
On September 1, 1764, Parliament passed the Currency Act, effectively assuming control of the colonial currency system. The act prohibited the issue of any new bills and the reissue of existing currency.
By: Gagandeep Singh ProfileResourcesReport error
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