MAS is the sole authority that issues Singapore notes and coins. It is responsible for maintaining the integrity, security, quality and confidence in the Singapore currency. MAS took over the currency issuance function following the merger with the Board of Commissioners of Currency, Singapore in October 2002.
All notes and coins issued by MAS are legal tender in Singapore, and are fully backed by external assets in the Currency Fund. MAS also issues numismatic notes and coins to commemorate significant national achievements, inspire Singaporeans to celebrate their political, cultural and social heritage and to cater to collectors’ interests.
MAS works closely with the banks, security couriers, appointed contractors and other key stakeholders to ensure efficient and effective distribution of the Singapore currency as well as the availability of the currency to meet public demand.
See how our currency notes and coins have evolved from 1967 till today.
How many security features can you find on a Portrait series note? Follow this link to find out more.
Understand the guidelines MAS uses to assess mutilated currency.