SERVING THE PUBLIC,
- SERVING THE PUBLIC
- Managing Dollars and Cents
- Box 5: SG50 Commemorative Currency
- Box 6: Promoting Financial Literacy Through Island Wide Campaigns
- Facilitating Retail Access to Simple Low-cost Investment Products
SERVING THE PUBLIC
MANAGING DOLLARS AND CENTS
As at 31 March 2016, the total currency in circulation was S$39.3 billion (see Chart 5). This was an increase of 6.4% from a year ago, with S$56.9 billion worth of notes and coins issued to banks and S$54.5 billion returned for the financial year.
MAS continued with the "good-as-new" S$2 notes initiative for the fourth year. With this initiative, the quantity of brand new S$2 notes issued for the 2016 Lunar New Year fell further by another 6.2 million pieces (7.4%) from last year.
In June 2016, MAS issued the Splendour of Native Orchids Series coin set as a finale to the popular Native Orchids of Singapore coin series issued from 2011 to 2015. The set, which has a limited mintage of 4,000, comprises 10 miniature S$1 silver proof coins, each featuring the same species of orchids from the Native Orchids of Singapore coin series in full colour.