MAS considers revising limits on coin payments

monetary-authority-of-singapore
Singapore's central bank looks to change limits on coin payments

The Monetary Authority of Singapore (MAS) is considering reducing the legal tender limits on coins, the central bank announced on March 16.

In a consultation paper, the authority invited parties to comment on proposed limits to the amount of each coin denomination that can be used for payments. Interested parties have until April 6 to respond.

Currently, the central bank places limits on denominations of less than 50 cents, for which only payments of $2 or less are legal. A payee is therefore

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: