MAS seeks views on new legal tender limits for coins

Singapore

THE Monetary Authority of Singapore (MAS) is seeking public feedback on its proposed new legal tender limit for coins.

In a consultation paper released on Thursday, the MAS said that it is proposing a uniform legal tender limit of ten coins per denomination in a single transaction. This means that a payer can use up to ten pieces each of 5-cent, 10-cent, 20-cent, 50-cent and $1 coins per transaction.