Singapore, 16 May 2007...The Monetary Authority of Singapore (MAS) will issue new $5 polymer notes from 18 May 2007. This is the third denomination in the Portrait Series to be converted from paper into polymer. The $5 polymer notes will circulate alongside the $5 paper notes, both of which will remain legal tender.
2 As with the $2 and $10 polymer notes, MAS has retained the portrait series design for the $5 polymer notes as it is familiar to the public. The $5 polymer and paper notes have the following similarities:
• Portrait of Singapore’s first President, the late Encik Yusof bin Ishak, on the front, and images of the Garden City theme at the back. • Same colour (predominantly green). • Same size (133 mm x 66 mm).
3 The $5 polymer notes also include security features unique to polymer technology which are similarly found in $2 and $10 polymer notes. They are:
• Two see-through windows – one on the top-left hand side, and the other at the bottom-right corner. • A stylised gold Singapore Lion symbol with a hidden image, beside the top-left hand window. An image of the Singapore Arms will appear at varying angles. • The security thread in the shape of the Singapore island.
4 The $5 polymer notes will be available at banks. MAS has been working closely with relevant banks, transport companies and major machine operators to have the Cash Deposit Machines, MRT General Ticketing Machines and other note-accepting machines recalibrated to accept the new $5 polymer notes, based on their respective machine calibration plans.
5 Mrs Foo-Yap Siew Hong, Assistant Managing Director said, "Polymer notes are cleaner and last longer than paper notes. MAS received favourable feedback from the public, banks and retailers on the $10 and $2 polymer notes introduced earlier. As such, we decided to proceed with issuing $5 polymer notes."