Singapore, 20 August 2015… The Monetary Authority of Singapore (MAS) apologises for an unfortunate typographical error in our first President Yusof Ishak's name in the folder containing the SG50 notes. We are printing stickers to replace the mis-spelt part of his name. The stickers will be affixed to the folders available from the banks, from 25 August 2015 onwards. Those who have already collected the folders may also obtain the stickers then.

2    We are otherwise encouraged by the very positive feedback we have been getting from Singaporeans on the SG50 notes.  We hope that Singaporeans will treasure these notes. We apologise once again for our oversight in the folder which will be rectified soon.

3    MAS announced today that it took full responsibility for the typographical error in the name of the first President Yusof Ishak in the folder that contained the SG50 notes. “This should never have happened, is not acceptable, and I take full responsibility. I apologise on behalf of my colleagues who worked hard to prepare the notes and folders but are deeply disappointed that we made this most unfortunate mistake. We will put this right,” said Mr Ravi Menon, MAS Managing Director.

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