Monetary Authority of Singapore Annual Report 2012/2013

ENGAGING THE PUBLIC

The Singapore Third Series Coins

On 25 June 2013, MAS issued a new circulation coin series. The Third Series coins mark Singapore’s progress as a nation. Coins are renewed, usually every 20 to 30 years, to update their designs using icons that the public can better identify with, and to incorporate new security features to stay ahead of counterfeiters.

The Third Series coin designs feature national icons and landmarks of our nation, economy and society. The look and feel of the new coins were developed in consultation with key coin validator suppliers and special interest groups such as the Singapore Association for the Visually Handicapped. Feedback from focus groups was also considered.

All past series coins remain legal tender and the public can continue to use them for payment alongside the new coins. The new series coins are issued at all retail banks in Singapore and are accepted at their automated coin deposit machines.

To facilitate a smooth transition and minimise public inconvenience, coin-operated machines at public venues such as the MRT/LRT stations have been calibrated to accept both existing and new series coins. MAS has also been working with businesses with coin-operated facilities such as vending machine operators and supermarkets to prepare them for the launch of the new coins. These coin-operated machines will be calibrated in phases due to technical and cost considerations.

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