By Reuters, Asiaone, 03 November 2020 at 01:23 pm
Photo by Mas.gov.sg
By Reuters, Asiaone, 03 November 2020 at 01:23 pm
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https://www.asiaone.com/singapore/singapore-stop-printing-1000-banknotes-2021
SINGAPORE - Singapore will stop printing $1,000 banknotes from Jan 1 next year, its central bank said on Tuesday, to curb the risk of them being used for money laundering and to finance terrorism.
The Monetary Authority of Singapore plans to discontinue the issuance of 1,000-dollar notes from 1 January 2021 as a pre-emptive measure to mitigate the higher money laundering and terrorism financing risks associated with large denomination notes.
Picture posted by BanknoteNews
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Existing notes will remain legal tender and banks can continue to re-circulate the notes, the Monetary Authority of Singapore said in a statement.
Picture posted by BanknoteNews
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Countries around the world have been looking to phase out high denomination notes for years over concerns they are used predominantly for criminal activity. European authorities halted the printing of the 500 euro (S$790) note last year.
PHOTO: Countries around the world have been looking to phase out high denomination notes for years over concerns they are used predominantly for criminal activity.
Picture posted by Numismag - 500 euro banknote
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https://numismag.com/wp-content/uploads/2019/01/500-euros-banknote-1-1.jpg
https://numismag.com/en/2019/01/06/the-end-of-the-500-euro-banknote-for-january-2019/
Picture posted by alamy - 500 euro banknote, Modern architecture and bridge, 2002
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Picture posted by LTL Mandarin School Singapore
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https://ltl-singapore.com/wp-content/sites/4/1000-Dollar-note-Facts-on-Singpapore.jpg
https://ltl-singapore.com/facts-about-singapore/
This is essentially a law against money laundering. The principle that God doesn’t want dirty money calls to mind the story of Judas and the 30 silver coins he got from betraying Christ (Matthew 27:5).
Serious wrongdoing can only be erased before God if there is a turning of the heart (Ezekiel 18:31). More important than the amount a person or entity donates to a charity are the spirit and means that were used to acquire that money. Was it whole-hearted honest labor? Was it through the sale of something dear and valuable?
If we are living morally unclean lives, we cannot just buy a seat in the house of God’s true worship. Salvation would be a mere illusion (Ezekiel 7:19). [2]
"But seek first his kingdom and his righteousness, and all these things will be given to you as well." (Matthew 6:33).
Artwork by Ruiz Burgos (Juan Carlos Ruiz Burgos) - Catwomen, The Saturday Evening Post
Picture posted by Jamie Smart@jamiesmart on 04 April 2016 at 4:50 am
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Cosplay (Links)
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Other stories
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[2] Bible Reading Highlight, Money laundering, https://biblehilites.com/tag/money-laundering/
Busan International Film Festival (BIFF) - https://veryfatoldman.blogspot.com/2020/09/busan-international-film-festival-biff.html
Japanese Samba Carnival (links) - https://veryfatoldman.blogspot.com/2020/10/japanese-samba-carnival-links.html
Asakusa Samba Carnival (links) - https://veryfatoldman.blogspot.com/2020/10/asakusa-samba-carnival.html
Brazilian Samba Carnival - https://veryfatoldman.blogspot.com/2020/10/brazilian-samba-carnival-links.html
Scandinavian Samba Carnival (links) - https://veryfatoldman.blogspot.com/2020/10/scandinavian-samba-carnival-links.html
Other stories - https://veryfatoldman.blogspot.com/2020/05/other-stories.html
Nursing stories - https://veryfatoldman.blogspot.com/2020/09/nursing-stories.html
New International Version (NIV), Holy Bible, New International Version®, NIV® Copyright ©1973, 1978, 1984, 2011 by Biblica, Inc.® Used by permission. All rights reserved worldwide.
Deuteronomy 23:18 - https://www.biblegateway.com/passage/?search=Deuteronomy+23%3A18&version=NIV
Ezekiel 7:19 - https://www.biblegateway.com/passage/?search=Ezekiel+7%3A19&version=NIV
Ezekiel 18:31 - https://www.biblegateway.com/passage/?search=Eze.+18%3A31&version=NIV
Matthew 6:33 - https://www.biblegateway.com/passage/?search=Matthew+6%3A33&version=NIV
Matthew 27:5 - https://www.biblegateway.com/passage/?search=Matthew+27%3A5&version=NIV
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- https://ltl-singapore.com/facts-about-singapore/
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