- POSTED: 07 Jan 2014 16:16
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For the second year running, "good-as-new" S$2 notes will be issued along with brand new ones, for the Lunar New Year.
SINGAPORE: For the second year running, "good-as-new" S$2 notes will be issued along with brand new ones, for the Lunar New Year.
The Monetary Authority of Singapore (MAS) said the "good-as-new" S$2 notes are clean and crisp ones, retrieved immediately after the last Lunar New Year.
It said this Go Green initiative was launched last year and was well-received by the public.
Both the brand new and "good-as-new" notes will be available at participating retail banks from Monday.
To generate greater awareness, a Facebook page on the initiative has been set up, and additional posters will be displayed at high traffic locations such as bus terminals and community clubs.
The initiative is supported by the Association of Banks in Singapore (ABS) and the Environmental Challenge Organisation (ECO Singapore).
Andrew Khoo, deputy managing director at MAS, said: "Last year, 11 per cent of S$2 notes issued for the Lunar New Year were ‘good-as-new' notes. The energy saved from not printing as many new notes could power 100 households for one month. We hope demand for 'good-as-new' S$2 notes will be higher this year."
Ong-Ang Ai Boon, ABS director, said: "ABS continues to support this meaningful initiative. Our participating retail banks will actively promote the use of these notes at their branches, ATMs and websites.”
Wilson Ang, president of ECO Singapore, said: "We are pleased to work with MAS on this initiative for the second year running. The public responded positively last year and we will continue to encourage more participation this year.”
To find out more about the Go Green initiative, visit the MAS Facebook page of "Ask for Good-as-New Notes".