Macroeconomic and Financial Stability

Currency Operations

MAS issued a S$20 commemorative note to mark Singapore’s Bicentennial

5 June 2019

The note depicted Singapore’s journey to nationhood and paid tribute to our forebears who laid the foundations for modern Singapore. A total of four million pieces of the notes were issued, over two tranches. To ensure every Singaporean had the opportunity to own a piece of history, MAS provided an online system for Singaporeans to place their order for the second tranche before the exchange of the notes at the banks. All eligible applicants were allocated their full order quantity during the second tranche.