What was the purpose of the Currency Act of 1763?

The act prohibited the issue of any new bills and the reissue of existing currency. Parliament favored a "hard currency" system based on the pound sterling, but was not inclined to regulate the colonial bills. Rather, they simply abolished them. The colonies protested vehemently against this.

Explanation:

should congress have the power to interpret the constitution? write a paragraph in which you argue for or against the wide application of the limplied power