Dear Editor

I refer to "Why no new $10 polymer notes?" (Straits Times forum, 3 Feb 2007).

2   MAS introduced the $10 polymer note in 2004.  Only $100 million worth of $10 polymer notes were printed and issued at the time.  Our intention was to gauge how the public, as well as ATMs and other machines would accept these notes. 

3   As the response was good, MAS proceeded to issue polymer notes for mass circulation in 2006.  We started with $2 notes as we had run down our stock of $2 paper notes. 

4   We expect to issue $10 polymer notes next year when our stock of $10 paper notes is depleted.

Angelina Fernandez
Director (Communications)