Can I still use 1000 notes in Singapore?
Singapore, 3 November 2020… The Monetary Authority of Singapore (MAS) announced today that it plans to discontinue the issuance of the $1,000 note from 1 January 2021. 3 Existing $1,000 notes in circulation will remain legal tender and can continue to be used as a means of payment.
Are there 1000$ notes?
Like its smaller cousin, the $500 bill, the $1,000 bill was discontinued in 1969. 4 And like the $500 bill, the $1,000 bill would seem to have a lot more use now than it did then.
Can old Singapore notes be used?
All notes and coins issued since 1967 by MAS and the former BCCS are legal tender in Singapore, and are fully backed by MAS’ assets.
CAN 1000 dollar bills be used?
Even though the $1,000 bill has been discontinued for more than 50 years, it’s still considered legal tender. This means that any thousand dollar bill you find is worth at least face value, or $1,000. Bills from Federal Reserve branches that printed fewer notes are also rarer.
How much is a 1000 dollar bill worth now?
Bills in Good to Fine condition can go for between $5,000 to $12,000. Uncirculated or almost-uncirculated notes can be worth 10’s of thousands of dollars. Circulated notes in good condition are worth about $1,800. Circulated notes in excellent condition can reach $3,000.
Can you buy a $1000 bill?
Even though the $1,000 bill has been discontinued for more than 50 years, it’s still considered legal tender. This means that any thousand dollar bill you find is worth at least face value, or $1,000. However, most of these bills are collectors’ items and are worth much more than face value.
Is it illegal to not accept cash in Singapore?
Under the Currency Act (Cap. 69) (CA) , currency notes and coins issued by MAS are legal tender in Singapore. The vendor is only obliged to accept coin payments up to this limit and may reject coin payments exceeding this limit. …
What does the back of a Singapore$ 1, 000 note mean?
The back of the $1,000 note features buildings representing the Executive, the Legislature and the Judiciary. The Istana building, the official residence of the President of Singapore, symbolises the President and the Executive. It is depicted in the centre of the design.
What do you need to know about Singapore money?
Whether it’s paper or polymer, coins or notes, here are 9 things about our Singapore money that you probably didn’t know. 1. The entire national anthem is printed on the back of the $1000 note in microprint In case you didn’t notice, our notes are actually filled with microtext.
When was the first circulation note in Singapore?
Singapore’s first circulation currency notes were the Orchid series notes launched in 1967. View details of each of our four series of notes up to the current Portrait series. The Portrait notes are the fourth series of currency notes launched on 9 September 1999.
Who was the first president of Singapore currency?
These banknotes feature the portrait of Encik Yusof bin Ishak, the first President of Singapore. There are both paper and polymer versions in circulation. Their design is very similar. We exchange these modern Singapore Dollar notes free of charge. We also give cash for withdrawn Singapore Dollar bank notes and Singapore Dollar coins.