{"id":31295,"date":"2020-11-03T19:05:59","date_gmt":"2020-11-03T19:05:59","guid":{"rendered":"https:\/\/banknotenews.com\/?p=31295"},"modified":"2020-11-03T19:05:59","modified_gmt":"2020-11-03T19:05:59","slug":"singapore-to-discontinue-issuing-1000-dollar-notes-as-of-01-01-2021","status":"publish","type":"post","link":"https:\/\/banknotenews.com\/?p=31295","title":{"rendered":"Singapore to discontinue issuing 1,000-dollar notes as of 01.01.2021"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"2008\" height=\"951\" src=\"https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_BCC_1000_dollars_1999.09.09_B137as1_P43_8PN_000008_f.jpg\" alt=\"\" class=\"wp-image-31296\" srcset=\"https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_BCC_1000_dollars_1999.09.09_B137as1_P43_8PN_000008_f.jpg 2008w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_BCC_1000_dollars_1999.09.09_B137as1_P43_8PN_000008_f-300x142.jpg 300w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_BCC_1000_dollars_1999.09.09_B137as1_P43_8PN_000008_f-768x364.jpg 768w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_BCC_1000_dollars_1999.09.09_B137as1_P43_8PN_000008_f-1536x727.jpg 1536w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_BCC_1000_dollars_1999.09.09_B137as1_P43_8PN_000008_f-465x220.jpg 465w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_BCC_1000_dollars_1999.09.09_B137as1_P43_8PN_000008_f-695x329.jpg 695w\" sizes=\"auto, (max-width: 2008px) 100vw, 2008px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"2008\" height=\"964\" src=\"https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_MAS_1000_dollars_2009.00.00_B207b_P51_2AC_130081_r.jpg\" alt=\"\" class=\"wp-image-31297\" srcset=\"https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_MAS_1000_dollars_2009.00.00_B207b_P51_2AC_130081_r.jpg 2008w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_MAS_1000_dollars_2009.00.00_B207b_P51_2AC_130081_r-300x144.jpg 300w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_MAS_1000_dollars_2009.00.00_B207b_P51_2AC_130081_r-768x369.jpg 768w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_MAS_1000_dollars_2009.00.00_B207b_P51_2AC_130081_r-1536x737.jpg 1536w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_MAS_1000_dollars_2009.00.00_B207b_P51_2AC_130081_r-465x223.jpg 465w, https:\/\/banknotenews.com\/wp-content\/uploads\/2020\/11\/Singapore_MAS_1000_dollars_2009.00.00_B207b_P51_2AC_130081_r-695x334.jpg 695w\" sizes=\"auto, (max-width: 2008px) 100vw, 2008px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.mas.gov.sg\/news\/media-releases\/2020\/discontinuation-of-thousand-dollar-note-issuance\" target=\"_blank\" rel=\"noreferrer noopener\">According to a press release dated 3 November 2020<\/a>, the Monetary Authority of Singapore plans to discontinue the issuance of 1,000-dollar notes from 1 January 2021 as a pre-emptive measure to mitigate the higher money laundering and terrorism financing risks associated with large denomination notes. Existing notes in circulation will remain legal tender and can continue to be used as a means of payment.<\/p>\n\n\n\n<p>Courtesy of Aidan Work.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a press release dated 3 November 2020, the Monetary Authority of Singapore plans to discontinue the issuance of 1,000-dollar notes from 1 January 2021 as a pre-emptive measure to mitigate the higher money laundering and terrorism financing risks associated with large denomination notes. Existing notes in circulation will<span class=\"more-link\"><a href=\"https:\/\/banknotenews.com\/?p=31295\">Read More\u2026<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":31296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[340,14],"tags":[95],"class_list":["entry","author-owenink","post-31295","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banking","category-east-and-southeast-asia","tag-singapore"],"_links":{"self":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31295"}],"version-history":[{"count":1,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31295\/revisions"}],"predecessor-version":[{"id":31298,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31295\/revisions\/31298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/media\/31296"}],"wp:attachment":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}