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 Operations Manager appointed by MAS viz The Singapore Mint. 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 The Singapore Mint. The coins will be distributed islandwide to the banks’ branches to facilitate withdrawals by the public and businesses.