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Managing Risks,
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TUMULTUOUS
YEAR FOR THE
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MONETARY POLICY
AN UNPRECEDENTED CRISIS
INTEGRATED
APPROACH TO
FOSTER SAFETY AND
SOUNDNESS OF
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BUILDING ON OUR
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PREPARING FOR
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ENHANCING
OPERATIONAL
CAPABILITIES AND
RESILIENCE
CURRENCY AND
PAYMENT SYSTEM

CURRENCY AND PAYMENT SYSTEM


Managing Dollars and Cents



F1 Commemorative Coin

As at 31 March 2009, the gross and active currency in circulation was S$22.2 billion (see Chart 10) and S$19.5 billion respectively. The gross currency in circulation increased 14.3% over the year, with S$41.7 billion worth of notes and coins issued to banks and S$39.3 billion returned. In 2008, the total Brunei currency repatriated to the Brunei Currency and Monetary Board was B$813.0 million, B$70.0 million more than in 2007. The amount of Singapore currency repatriated to Singapore decreased by S$3.5 million to S$5.4 million in 2008.

In August 2008, MAS launched a set of coins to commemorate the inaugural Formula 1TM ("F1") SingTel Singapore Grand Prix that was held from 26 to 28 September 2008. This was the first night race in F1 history and the first street race in Asia. The design captured the spectacular mood of dazzling lights and vibrancy of the night race and landmarks in the Marina area that formed part of the street circuit. Also featured on the coin are the two most recognisable icons in auto racing, namely, a F1 car at full throttle and the winning chequered flag.