Singapore to withdraw 10,000-dollar note (B138a) 01.10.2014

According to an article on The Real Singapore dated 2 July 2014, the Monetary Authority of Singapore will no longer issue the 10,000-dollar banknote (B138a) as of 1 October 2014, but it will remain legal tender. With a face value equal to US$8,000, this note is tied with the 10,000-dollar note (B205a) from Brunei for the circulating note with the highest face value in the world. This high denomination note is being withdrawn to reduce the risk of money laundering. The move was announced as part of “Combating Financial Crime: International and National Efforts,” a keynote address by Ong Chong Tee, deputy managing director (Financial Supervision), Monetary Authority of Singapore at the ABS Financial Crime Seminar on 2 July 2014.Courtesy of Stane Štraus (Polymer Bank Notes of the World).

3 Comments

  1. cost produce this denomination is 55 singapore cents to produce this.

    1. pause printing this denomination due to lack production enough denomination to above’ it is use to mutilated and get damaged.

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