Currency

MAS is the sole authority that issues Singapore notes and coins. It is responsible for maintaining the security, availability and quality of the Singapore currency.

Our Role

MAS took over the currency issuance function following the merger with the Board of Commissioners of Currency, Singapore (BCCS) in October 2002.

All notes and coins issued since 1967 by MAS and the former BCCS are legal tender in Singapore, and are fully backed by MAS’ assets. 

MAS works closely with the banks, security couriers and appointed contractors to ensure efficient and effective distribution of the Singapore currency as well as the availability of the currency to meet public demand.

MAS administers the Currency Act (Cap. 69) (CA) , which provides for the legal tender status of the notes and coins issued by MAS in Singapore. The CA also contains provisions relating to Singapore currency matters such as mutilation of Singapore notes and coins, reproduction of images of Singapore currency and forfeiture of counterfeit currency notes and coins.

The Penal Code  contains provisions on offences relating to currency note and coin counterfeiting.

Commemorative and Numismatic Currency

Besides its main role of issuing currency for circulation, MAS also issues commemorative and numismatic notes and coins to mark significant national events and achievements, as well as to cater to collectors' interests.

MAS does not participate in secondary market transactions of commemorative and numismatic currencies. MAS is however authorised to redeem these currencies at their face value.

Commemorative and numismatic notes and coins can be redeemed at their face value at the commercial banks in Singapore. 

For commemorative and numismatic coins, you may also approach:

The market value of commemorative and numismatic currencies depends on their condition, theme, rarity, metal composition (applicable to coins) and uniqueness of design, as well as the demand and supply among collectors. For the market value of your commemorative and numismatic currency, you may approach coin and banknote dealers .