Putting in the ‘new’ in Chinese New Year is the Monetary Authority of Singapore (MAS), who announced that they’re issuing crisp $2 notes fresh from the oven to commemorate the occasion.
What’s more notable though is their “good-as-new” initiative, which sees notes that are in excellent condition being circulated back into the market. Last Lunar New year, the proportion of “good-as-new” notes increased to 17 percent of total $2 notes being circulated.
Since the initiative launched in 2013, MAS states that they’ve doubled the amount of energy saved from printing lesser $2 notes; energy saved in 2015 alone was enough to power a hundred 4-room HDB flats for seven weeks, they claim.
The “good-as-new” $2 notes as well as new notes will be available at retail banks from tomorrow onwards.
