MAS considers revising limits on coin payments
Singapore central bank mulls blanket restriction of 10 coins per denomination
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Currency
Bulgaria ‘ready for euro’ in January – central bank governor
Radev says decision to join currency is now in hands of politicians
Currency Benchmarks 2024 – model banks analysis
Data highlights differences in cash management between central banks
Philippines launches new interest rate swap market
Central bank says platform could boost trading and liquidity in domestic bonds
Currency Benchmarks 2024 – executive summary
Data sheds light on banknote design features, access to cash policies and cash cycle management
Central bankers share lessons on FX interventions
Officials highlight benefits of transparent operations, clear frameworks at Autumn Meetings
Currency Benchmarks 2024 report – securing cash payments
As transactional cash use falls, many central banks are adopting policies to safeguard cash access
Most central banks forecast cash demand over one to three years
Median central bank expects 5% increase in cash in circulation in 2024
G+D dominates central bank note sorting
Giesecke+Devriant’s BPS M7 machine is very widely used among central banks