Distribution Cycle

Notes Distribution Cycle

Members of the public and businesses deposit their notes with banks either over the counter at bank branches or through the banks’ cash deposit machines.

The banks will either recirculate the notes (after authenticating and checking their fitness for circulation) or return them to the Monetary Authority of Singapore (MAS).  For $2 and $5 notes, banks will deposit them via Certis Cisco Secure Logistics Pte Ltd (CSL), which is appointed by MAS to manage the $2 and $5 notes. The notes returned by banks will be processed, which includes counting, authenticating and fitness sorting. Processed good notes will be repacked and stored for re-issue to the banks.

When banks require notes to meet demand from the public and businesses, they will indent the required notes from MAS or CSL, and thereafter, distribute the notes to their respective branches or Automated Teller Machines (ATMs) to facilitate withdrawals by the general public and businesses.

 

 

Coins Distribution Cycle

 

Similar to notes, members of the public and businesses deposit their coins with banks either over the counter at bank branches or through the banks’ coin deposit machines. They can also deposit their coins with MAS’ appointed Circulation Coins Operator and Manager (CCOM).

The banks will either recirculate the coins (after authenticating and checking their fitness for circulation) or return them to MAS via CCOM. CCOM will process (i.e. count, authenticate and fitness sort) the coins returned by the banks, together with the coins deposited by members of the public and businesses with CCOM.  Processed good coins will be repacked and stored for re-issue to the banks.

When banks require coins to meet demand from the public and businesses, they will indent the required amount from MAS via CCOM. Banks will then distribute the coins to their respective branches to facilitate withdrawals by the general public and businesses.

Last Modified on 31/01/2018