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Higher take-up of "good-as-new" S$2 notes: MAS

The Monetary Authority of Singapore (MAS) said its initiative to issue "good-as-new" S$2 notes ahead of the Lunar New Year was better received than last year.

SINGAPORE: The Monetary Authority of Singapore (MAS) said its initiative to issue "good-as-new" S$2 notes ahead of the Lunar New Year was better received than last year.

The number of such notes issued this year made up 14 per cent of all S$2 notes issued, an increase of 3 per cent from last year.

The MAS said an increase in demand for S$2 notes was met entirely by these "good-as-new" variety, with the number of brand new notes issued remaining the same as last year.

The authority added that the encouraging take-up of "good-as-new" notes this year shows that public support for this green initiative is growing.

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