Increase in Demand for "Good-As-New" $2 Notes for "Hong Bao"
Singapore, 10 February, 2014… The Monetary Authority of Singapore (MAS) announced that the Go Green “good-as-new” initiative this Lunar New Year was better received than last year. During the run-up to the Lunar New Year, 14% of the $2 notes issued comprised “good-as-new” notes, an increase of 3% from 2013. The increase in demand for $2 notes was met entirely by “good-as-new” notes, with the number of brand new $2 notes remaining the same.
2 The encouraging take-up of “good-as-new” notes this year reflects that public support for this Go Green initiative is growing. MAS thanks the Association of Banks in Singapore, ECO Singapore, SBS Transit and People’s Association for partnering us to promote this initiative.