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.

Since Singapore's independence, four series of currency notes and three series of coins have been issued for general circulation.

Learn about the Currency Interchangeability Agreement between Brunei Darussalam and Singapore, which was established in 1967 to promote monetary cooperation.

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. For details on purchasing current commemorative and numismatic issues, please click on the below tab, Current Commemorative and Numismatic Currency Issues.

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:

• Certis CISCO Secure Logistics Pte. Ltd (MAS’ appointed circulation coin operator and manager)
• Singapore Mint (MAS’ appointed commemorative and numismatic coin contractor)

The market value of past 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. If you wish to purchase past commemorative and numismatic currency or find out the market value of your old commemorative and numismatic currency, you may approach coin and banknote dealers .