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SINGAPORE    High & Low Tides

 

    Banking & Finance:  Singapore Currency Notes

 

     The Board of Commissioners of Currency, Singapore (BCCS) was established on 7 April 1967 by the enactment of the Currency Act, 1967. It has the sole right to issue currency notes and coins in Singapore. BCCS has issued four series of currency notes. All currency notes and coins issued by BCCS are legal tender.

     - Board of Commissioners of Currency (BCCS) to merge with MAS

 

     ORCHID SERIES (click for pictures)

     Introduced on 12 Jun 1967. The first series. Legal tender.

     Denominations: S$1  S$5  S$10  S$25  S$50  S$100  S$500  S$1000

                             S$10000.

 

     BIRD SERIES (click for pictures)

     Introduced on 6 Aug 1976. The second series. Legal tender.

     Denominations:  S$1  S$5  S$10  S$20  S$50  S$100 S$500 S$1000

                              S$10000.

 

     SHIP SERIES (click for pictures)

     Introduced on 22 Oct 1984. The third series. Legal tender.

     Denominations:  S$1  S$2  S$5  S$10  S$50  S$100  S$500  S$1000

                              S$10000.

 

     PORTRAIT NOTE SERIES (click for pictures)

     Introduced in 1999. The fourth series. The latest. Legal Tender.

     Denominations:  S$2  S$5  S$10  S$50  S$100  S$1000  S$10000

     Abstract of Notes & Coins In Circulation

     NEWS SNIPPETS

     2007

 

 

     2005

 

 

     2004

 

     2002

 

  A fake S$50 note dispensed by an automated teller machine (ATM) belonging to the United Overseas Bank (UOB) was detected when the customer tried to deposit it into her account with another bank. Miss FOO Yip Phin Lee, 28, a shipping clerk, told The Straits Times that she had withdrawn the money from the ATM at the UOB branch in Cecil Street earlier this month. A UOB spokesman said, "We have resolved the matter with the customer and reimbursed her the S$50." (Straits Times 15 Apr 2002) (H4)

  The new S$50 Portrait note with Deputy Prime Minister LEE Hsien Loong's signature and seal will be offered to the public for the first time at the three-day Asia Money Fair at Suntec City. It can be exchanged at face value at BCCS exchange counters. (Straits Times 15 Mar 2002) (3)

  The Board of Commissioners of Currency (BCCS) will stop minting new one-cent coins at the end of March 2002 because people rarely use them. Still, the coin can be used as it will continue to be legal tender. Said a spokesman from the board, "Our long-term goal is to see it disappear over time." Every year, more than 50 million new one-cent coins are issued, but only three million are returned to the board, indicating people are not recirculating the coins. (Straits Times 28 Feb 2002) (3)