Central Banking

Singapore aims to match Hong Kong with ‘good-as-new' new year banknotes

singapore dollars

The Monetary Authority of Singapore (MAS) said it is "very encouraged" by the public's response to a new campaign aimed at persuading people to use 'good-as-new' banknotes as gifts in the recent new year celebrations, instead of brand new notes.

The ‘Go Green' initiative by MAS, launched in January on the grounds of saving money and natural resources, reduced the quantity of S$2 ($1.61) notes printed by the monetary authority by 13% compared with the previous year. The MAS said 11% of all S$2

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