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MAS seeks views on new legal tender limits for coins

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Published Thu, Mar 16, 2017 · 09:50 PM

    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.

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