Portrait series

[lzydata]

Question

Mr Fadli Fawzi: To ask the Prime Minister and Minister for Finance whether there are any plans to issue a new series of banknotes for the Singapore dollar with updated safety and anti-counterfeiting features, given that the current Portrait series has been in circulation for over 25 years, longer than any previous series of banknotes.

Answer by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS:

1. MAS monitors the incidences and methods of counterfeiting, and assesses the robustness of the security features of our notes against these techniques. While new security features available are an improvement, we have assessed that the existing security features remain effective against prevailing counterfeiting techniques. MAS also tracks the counterfeit rate of Singapore currency notes, which is very low compared to those of key global currencies. We cannot be complacent and will be vigilant to counterfeiting risks, ensuring that our security features continue to be effective.

https://www.mas.gov.sg/news/parliam...amentary-question-on-new-currency-note-series

Not directly answered, but it seems like MAS is not going to have a new banknote series anytime soon. The Portrait series could last 30 years or more.

 

[reddevil0728]

Question

Mr Fadli Fawzi: To ask the Prime Minister and Minister for Finance whether there are any plans to issue a new series of banknotes for the Singapore dollar with updated safety and anti-counterfeiting features, given that the current Portrait series has been in circulation for over 25 years, longer than any previous series of banknotes.

Answer by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS:

1. MAS monitors the incidences and methods of counterfeiting, and assesses the robustness of the security features of our notes against these techniques. While new security features available are an improvement, we have assessed that the existing security features remain effective against prevailing counterfeiting techniques. MAS also tracks the counterfeit rate of Singapore currency notes, which is very low compared to those of key global currencies. We cannot be complacent and will be vigilant to counterfeiting risks, ensuring that our security features continue to be effective.

https://www.mas.gov.sg/news/parliam...amentary-question-on-new-currency-note-series

Not directly answered, but it seems like MAS is not going to have a new banknote series anytime soon. The Portrait series could last 30 years or more.

given the cash usage is lower now i supposed. maybe they see no point waste money to update also

 

[lzydata]

given the cash usage is lower now i supposed. maybe they see no point waste money to update also

Yes, here is another point to indicate this.

List of MAS chairmen:

Gan Kim Yong	May 2024 - Present
Lawrence Wong	July 2023 -May 2024
Tharman Shanmugaratnam	May 2011 - July 2023
Goh Chok Tong	Aug 2004 - May 2011
Lee Hsien Loong	Jan 1998 - Aug 2004
Richard Hu	Jan 1985 - Dec 1997
Goh Keng Swee	Aug 1980 - Jan 1985
Hon Sui Sen	Jan 1971 - Jul 1980

https://www.mas.gov.sg/who-we-are/our-history

If there are any banknotes in circulation signed by Lawrence Wong or Gan Kim Yong, I haven't seen them. No banknotes printed at least since 2023?

 

[BBCWatcher]

Cash transactions are declining, but ang bao envelopes seem as popular as ever. Maybe MAS should retire some denominations and issue a new $8 note?

 

[sglandscape]

Yes, here is another point to indicate this.

List of MAS chairmen:

Gan Kim Yong	May 2024 - Present
Lawrence Wong	July 2023 -May 2024
Tharman Shanmugaratnam	May 2011 - July 2023
Goh Chok Tong	Aug 2004 - May 2011
Lee Hsien Loong	Jan 1998 - Aug 2004
Richard Hu	Jan 1985 - Dec 1997
Goh Keng Swee	Aug 1980 - Jan 1985
Hon Sui Sen	Jan 1971 - Jul 1980

https://www.mas.gov.sg/who-we-are/our-history

If there are any banknotes in circulation signed by Lawrence Wong or Gan Kim Yong, I haven't seen them. No banknotes printed at least since 2023?

Every year CNY have new notes, cannot be no new bank notes

 

[lzydata]

Every year CNY have new notes, cannot be no new bank notes

But they are signed by Tharman though.

 

[Shion]

Yes, here is another point to indicate this.

List of MAS chairmen:

Gan Kim Yong	May 2024 - Present
Lawrence Wong	July 2023 -May 2024
Tharman Shanmugaratnam	May 2011 - July 2023
Goh Chok Tong	Aug 2004 - May 2011
Lee Hsien Loong	Jan 1998 - Aug 2004
Richard Hu	Jan 1985 - Dec 1997
Goh Keng Swee	Aug 1980 - Jan 1985
Hon Sui Sen	Jan 1971 - Jul 1980

https://www.mas.gov.sg/who-we-are/our-history

If there are any banknotes in circulation signed by Lawrence Wong or Gan Kim Yong, I haven't seen them. No banknotes printed at least since 2023?

previously someone sent me this picture, from a chinatown numismatic dealer

 

[lzydata]

previously someone sent me this picture, from a chinatown numismatic dealer

That's a great find! LW's signature is... inscrutable

 

[Shion]

That's a great find! LW's signature is... inscrutable

But so far, I have not seen any also.
Only this picture.

 

[reddevil0728]

That's a great find! LW's signature is... inscrutable

But so far, I have not seen any also.
Only this picture.

rare pokemon

 

[iadpotato]

i hope they come out with a food series for the new banknotes... chilli crab, chicken rice, laksa, nasi lemak, etc..

imagine those Malaysians working here everyday seeing nasi lemak on a $10 or $50 note

 

[Euqorab]

He also asked about the one cent coin

I read before that a country’s banknote is a representation of its stability and people’s trust

it also takes years of planning before launch of new series of bank notes and it must display national identity and cultural continuity

not suka suka ask change then change

 

[Euqorab]

He also asked about the one cent coin

I read before that a country’s banknote is a representation of its stability and people’s trust

it also takes years of planning before launch of new series of bank notes and it must display national identity and cultural continuity

not suka suka ask change then change

There also no shortage of commemorative issues in recent years that broke my piggy bank

first SG50 (2015 doh), then Brunei-Singapore CIA 50th anniversary (2017), Bicentennial $20 notes (2019) in quick succession…

before that was CIA 40th anniversary in 2007… an 8-year gap

 

[Euqorab]

Was looking forward to a first $60 notes for SG60 just like Malaysia big format 60 ringgit notes

but guess Singapore doesn’t want to copy cat

Next possibility commemorative notes might coincide with Grand Opening of Founder’s Memorial

 

[Euqorab]

given the cash usage is lower now i supposed. maybe they see no point waste money to update also

Especially after they got neighbourhood merchants digitally onboard with CDC vouchers acceptance

huge environmental cost as well to replace what’s good… the polymer notes are very lasting!

 

[Euqorab]

Every year CNY have new notes, cannot be no new bank notes

Maybe MAS stockpile alot

 

[Euqorab]

That's a great find! LW's signature is... inscrutable

Looks like his initial LWS(T)

 

[ahnyaahnya]

Question

Mr Fadli Fawzi: To ask the Prime Minister and Minister for Finance whether there are any plans to issue a new series of banknotes for the Singapore dollar with updated safety and anti-counterfeiting features, given that the current Portrait series has been in circulation for over 25 years, longer than any previous series of banknotes.

Answer by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS:

1. MAS monitors the incidences and methods of counterfeiting, and assesses the robustness of the security features of our notes against these techniques. While new security features available are an improvement, we have assessed that the existing security features remain effective against prevailing counterfeiting techniques. MAS also tracks the counterfeit rate of Singapore currency notes, which is very low compared to those of key global currencies. We cannot be complacent and will be vigilant to counterfeiting risks, ensuring that our security features continue to be effective.

https://www.mas.gov.sg/news/parliam...amentary-question-on-new-currency-note-series

Not directly answered, but it seems like MAS is not going to have a new banknote series anytime soon. The Portrait series could last 30 years or more.

Answer was : no need yet.
If it becomes necessary in future, we will do so then

 

[lzydata]

Most commonly used currencies have updated their banknote designs within the last 10 plus years. The oldest is probably the US dollar but even then the new USD100 note design was issued in 2013.

Gen Z Singaporeans do not recognize this note

 

[Euqorab]

Most commonly used currencies have updated their banknote designs within the last 10 plus years. The oldest is probably the US dollar but even then the new USD100 note design was issued in 2013.

Gen Z Singaporeans do not recognize this note

Orange colour also too