Friday, June 14, 2019

New $20 commemorative notes appear online

Source Website: https://www.tnp.sg/news/singapore/more-400-listings-new-20-commemorative-notes-appear-online
By Malavika Menon, The New Paper, 12 June 2019 at 06:00 am


There were more than 400 listings selling the notes on Carousell.
PHOTO: There were more than 400 listings selling the notes on Carousell. The notes were being offered for marked-up prices on marketplaces like Carousell, with some asking for as much as $1,688 for five notes.
PHOTO: CAROUSELL
Picture posted by Malavika Menon, The New Paper, 12 June 2019 at 06:00 am

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https://www.tnp.sg/sites/default/files/styles/large-portrait/public/articles/2019/06/12/NP_20190612_MMCURRENCY12_4903213.jpg?itok=7cNjkXDB
https://www.tnp.sg/news/singapore/more-400-listings-new-20-commemorative-notes-appear-online



More than 400 listings for a new $20 note commemorating Singapore's bicentennial appeared on online marketplaces yesterday, a day after it went on sale at banks - and quickly went out of stock at many places.

While many offers of the notes were for marked-up prices of between $25 and $40, some sellers were asking for as much as $1,688 for five notes.

One Carousell re-seller, who did not wish to be named, said she had decided to list a few of the bills for sale as she had many of them.

"If they are not sold, I will save them and give them to friends and family in red packets for special occasions," she said.

Many sellers were offering the notes with the folders they came in and listed the serial numbers of the bills.

A check by The Straits Times found 10 listings for the note on eBay and more than 400 on Carousell.

The $20 notes were launched on June 5 by President Halimah Yacob to commemorate the 200th anniversary of Singapore's founding by Sir Stamford Raffles.



The $20 notes were launched on June 5 by President Halimah Yacob to commemorate the 200th anniversary of Singapore's founding by Sir Stamford Raffles.
PHOTO: The $20 notes were launched on June 5 by President Halimah Yacob to commemorate the 200th anniversary of Singapore's founding by Sir Stamford Raffles.
The Singapore Mint is putting 5,000 limited edition numismatic sets up for sale. Each set of an uncut sheet of three commemorative notes costs S$280.
Starting June 10, two million pieces of the commemorative note will be available for public exchange at face value at branches of nine major retail banks in Singapore, namely:
DBS Bank Limited / POSB
Oversea-Chinese Banking Corporation Limited
United Overseas Bank Limited
Bank of China Limited
Citibank Singapore Limited
Industrial and Commercial Bank of China Limited
Malayan Banking Berhad
Standard Chartered Bank
The Hongkong and Shanghai Banking Corporation Limited
Photo: Monetary Authority of Singapore
Picture posted by Rachel Tay, Business Insider Singapore on 06 June 2019 - Descriptions of the people featured

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https://static.businessinsider.sg/sites/2/2019/06/MAS-feature-image.png
https://www.businessinsider.sg/singapore-just-released-a-special-s20-note-for-its-bicentennial-heres-who-the-8-people-featured-on-it-are/



Two million commemorative notes were made available across nine major retail banks in Singapore from Monday and quickly sold out at many branches.

The Monetary Authority of Singapore (MAS), which issued the note, had capped the number of notes each person was allowed to exchange at 20 per transaction.

When contacted, an MAS spokesman said that while the law does not prohibit a person from selling the commemorative notes online, "we encourage Singaporeans to collect the notes as keepsakes as they are a one-off issue to commemorate Singapore's Bicentennial".

Meanwhile, the police yesterday advised people to be wary of receiving counterfeit $50 and $100 Singapore currency notes.



Fake $50 & $100 S’pore dollar notes in circulation: Police
PHOTO: Fake $50 & $100 S’pore dollar notes in circulation: Police
The counterfeit $100 notes cases bear the serial number 3AX412083.
Those on the counterfeit $50 notes have these eight serial numbers: 0FF875629, 3DL273922, 4DZ985604, 5HS436415, 5LV797440, 5LP297324, 5CK878136 and 5JH230011.
Arrests have been made.
Picture posted by Belmont Lay, mothership on 11 June 2019 at 04:12 pm

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https://mothership.sg/wp-content/uploads/2019/06/counterfeit-notes-singapore.jpg
https://mothership.sg/2019/06/counterfeit-notes-singapore/

 

How to identify genuine notes
PHOTO: How to identify genuine notes
Security features in currency notes act as a safeguard to minimise the risk of counterfeiting. It is important for the public to be aware of the security features to be able to distinguish between genuine and fake notes.
Look out for these security features in the paper and polymer notes.
Picture posted by Monetary Authority of Singapore

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http://www.mas.gov.sg/~/media/Currency/2overviewfront.JPG
http://www.mas.gov.sg/Currency/Security-Features/How-to-identify-genuine-notes.aspx

 

How to identify genuine notes
PHOTO: How to identify genuine notes
Picture posted by Monetary Authority of Singapore

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http://www.mas.gov.sg/~/media/Currency/2overviewback.JPG
http://www.mas.gov.sg/Currency/Security-Features/How-to-identify-genuine-notes.aspx



This comes after the police received several reports between March and May of fake portrait-series notes being used at convenience stores, restaurants and retail outlets.

The portrait series is the one currently in circulation. Notes from the series feature a portrait of Singapore's first president, Mr Yusof Ishak.

Three men, aged between 25 and 29, were arrested and charged with the offences between May 25 and June 4.

The counterfeit $100 notes in these reported cases bear the serial number 3AX412083.

The fake $50 notes have the serial numbers: 0FF875629, 3DL273922, 4DZ985604, 5HS436415, 5LV797440, 5LP297324, 5CK878136 and 5JH230011.

By Malavika Menon, The New Paper, 12 June 2019 at 06:00 am
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Canadian National Vimy Memorial, Canada, 2012
PHOTO: 20th Anniversary Brunei Singapore Currency Interchangeability Agreement $20 Commemorative Note with Folder
Picture posted on Carousell

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https://media.karousell.com/media/photos/products/2015/11/10/40th_anniversary_brunei_singapore_currency_interchangeability_agreement_20_commemorative_note_with_f_1447136854_74619c70.jpg
https://sg.carousell.com/p/40th-anniversary-brunei-singapore-currency-interchangeability-agreement-20-commemorative-note-with-folder-33086254/






Other story

$20 commemorative note launched to mark bicentenary, posted on Thursday, 06 June 2019

$20 commemorative note launched to mark bicentenary, posted on Thursday, 06 June 2019
https://veryfatoldman.blogspot.com/2019/06/20-commemorative-note-launched-to-mark.html


Mr Lee features on SG50 gold note, posted on Wednesday, 19 August 2015


Mr Lee features on SG50 gold note, posted on Wednesday, 19 August 2015


SG50 commemorative notes folders will be reprinted to correct 'Yusok Ishak' typo: MAS, posted on 22 August 2015

SG50 commemorative notes folders will be reprinted to correct "Yusok Ishak" typo: MAS, posted on 22 August 2015



Reference
[1] Malavika Menon, The New Paper, More than 400 listings of new $20 commemorative notes appear online, posted on 12 June 2019 at 06:00 am, https://www.tnp.sg/news/singapore/more-400-listings-new-20-commemorative-notes-appear-online


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