PRIME Minister Lee Hsien Loong on Tuesday unveiled a set of six commemorative polymer currency notes to celebrate Singapore's 50 years of independence. These notes, issued by the Monetary Authority of Singapore (MAS), comprise a S$50 note and five S$10 notes.
Together with a set of three commemorative coins launched in April this year, the notes complete the set of SG50 commemorative currencies issued by MAS to mark the occasion.
The notes' designs draw inspiration from significant milestones and achievements in Singapore's history, multiracialism, and the values and aspirations that underpin Singapore's progress. For example, the S$50 note shows Singapore's first prime minister, Lee Kuan Yew, shouting "Merdeka!".
Both the S$50 and S$10 notes also have security features that are the first of their kind in the world to be used on a currency note. For example, the security stripe on the S$50 note has a unique see-through feature with "image movement effects" that create depth to the image of Mr Lee Kuan Yew. The SG50 logo has "colour-switching effects", with the year flipping from "1965" to "2015".
The SG50 commemorative notes were designed by local artists and designers Chua Mia Tee, Eng Siak Loy, Weng Ziyan and Fabian Lim.
The public can exchange the SG50 commemorative notes at face value at the branches of nine major retail banks: DBS Bank/POSB, OCBC, United Overseas Bank, Bank of China, Citibank, Industrial and Commercial Bank of China, Maybank, Standard Chartered Bank and HSBC.
Singaporeans will be given priority to exchange the notes from Aug 20 to Sept 30, 2015. From Oct 1 onwards, the SG50 notes will be made available to non-Singaporeans as well.
To ensure that everyone has an opportunity to exchange the SG50 commemorative notes, there will be a quota of five sets of notes (each set comprising a S$50 note and five S$10 notes) per transaction per individual.
An exclusive collection of seven limited-edition SG50 numismatic currency sets is also available for sale by Noel Gifts International.