Dear Sir,

I refer to "Shopkeeper refused to take my 5-cent coins" (The New Paper Speak Up, 2 October 2006).

2   Under the Currency Act, retailers must accept payment in any denomination within the legal tender limits.  For 5-cent coins, the legal tender limit is $2.  If retailers do not wish to accept a particular denomination of currency notes or coins, they should display notices prominently at their premises. This is stated in the Currency Act. 

3   Mr Tan may want to provide MAS with details of the retailer concerned to enable us to advise them on the various legal limits for coin denominations under the Currency Act. Mr Tan can contact either Mr Muthusamy Silvarajoo (tel: 6349 4660) or Ms Agatha Goh (tel: 6349 4615).

Yours sincerely,
Angelina Fernandez
Director (Communications)