SERVING THE PUBLIC,
ENGAGING THE PUBLIC
MANAGING DOLLARS AND CENTS
As at 31 March 2014, the gross currency in circulation was S$33.9 billion (Chart 4). The gross currency in circulation increased 7.3% over the year, with S$53.4 billion worth of notes and coins issued to banks and S$51.1 billion returned for the financial year.
On 25 June 2013, MAS issued the Third Series coins into circulation. The new coins mark Singapore's progress as a nation and their designs feature national icons and landmarks.The Third Series coins were presented the finalist award for the 2013 Best New Circulation Coin or Series in the Currency Awards by the International Association of Currency Affairs.
The Go Green "good-as-new" S$2 notes initiative this Lunar New Year was better received than last year. Of the S$2 notes issued for the Lunar New Year, 14% comprised "good-as-new" notes, an increase of 3% from 2013. The number of brand new S$2 notes issued remained the same as last year as the increase in demand for S$2 notes was met entirely by "good-as-new" notes. The encouraging take-up of "good-as-new" notes this year reflects the growing public support for this Go Green initiative.
MAS launched a series of puzzle coin sets featuring designs of past Chinese Almanac series in November 2013. Minted in 999 fine silver, each set comprises a centre coin surrounded by 12 coins using a three-way interlocking concept, a first for MAS numismatic coins. For the first set issued on 1 January 2014, each of the 12 surrounding coins depicts an animal from the first Chinese Almanac series issued from 1981 to 1992, while the centre coin features a peony flower. The coin set has a limited mintage of 3,000 sets.