Monetary Authority of Singapore
Dear Editor
I refer to Why no new $10 polymer notes? (Straits Times forum, 3 Feb 2007).
2 MAS introduced the $10 polymer note in 2004. Only $100 million worth of $10 polymer notes were printed and issued at the time. Our intention was to gauge how the public, as well as ATMs and other machines would accept these notes.
3 As the response was good, MAS proceeded to issue polymer notes for mass circulation in 2006. We started with $2 notes as we had run down our stock of $2 paper notes.
4 We expect to issue $10 polymer notes next year when our stock of $10 paper notes is depleted.
Angelina Fernandez
Director (Communications)