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 cash deposit machines.

From these deposits, notes that are in excess of the banks' needs are in turn deposited with The Monetary Authority of Singapore (MAS), where they will be processed. This includes counting, authenticating and fitness sorting. Processed notes are then repacked and stored, ready for re-issue to the banks.

When banks require notes to meet demand from the public and businesses, they will withdraw the required amount from MAS. The notes will then be distributed islandwide to the banks' 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 the banks via coin deposit machines or over the counter at bank branches.

From these deposits, coins in excess of the banks’ needs are in turn deposited with the Circulation Coins Operator and Manager appointed by MAS (Certis Cisco Secure Logistics Pte Ltd). The coins deposited will be processed, which includes counting, authenticating and fitness sorting. Processed coins are then repacked and stored, ready for re-issue to the banks.

When banks require coins to meet demand from the public and businesses, they will withdraw the required amount from Certis Cisco Secure Logistics Pte Ltd. The coins will be distributed islandwide to the banks’ branches to facilitate withdrawals by the public and businesses.

Last Modified on 15/08/2017