Response to "Consider issuing $20 notes at ATMs” (ST Forum - 22 November 2011)
23 November 2011
The Editor ST Forum
I refer to Mr Peter Tan’s request to “Consider issuing $20 notes at ATMs” (ST Forum, 22 November 2011).
The $20 “Bird” Series note, introduced in 1979, was discontinued due to low demand for the notes and the resultant higher cost of printing. As Mr Tan had noted, the $20 denomination is widely used in many countries. The Monetary Authority of Singapore will consider re-introducing a $20 note when we develop a new notes series if we assess that there is sufficient public demand.
Angelina Fernandez Director (Communications) Monetary Authority of Singapore