SINGAPORE - The Monetary Authority of Singapore (MAS) will reprint new folders for the SG50 commemorative notes set to correct a typo which misspelled the name of Singapore's first President, Mr Yusof Ishak.
The sets, launched on Thursday, spelled Mr Yusof Ishak's name on the cover fold and enclosed booklet as "Yusok Ishak".
MAS had said that it would print stickers and paste them over the misspelt part of Mr Yusof Ishak's name.
Banks will continue to issue the current folders bearing the stickers until the news ones are ready at a yet-to-be-announced date.
Singaporeans who wish to exchange the folders for the new ones will be able to do so, an MAS spokesman said in a statement on Friday.
The MAS said the reprinting will also serve to replenish the current stock of folders, which are being taken up much faster than expected.
It noted that demand for the notes and folders have been "overwhelming".
Said the spokesman: "MAS would like to reassure the public that there will be enough SG50 notes for all Singaporeans, and there is no need to rush."
A total of 20 million $50 notes, and 15 million of each of the five $10 notes are being printed. Singaporeans will have priority until Sept 30 to get the notes.
"We have also received feedback from the banks that there are customers who queue repeatedly to get more than the stipulated two folders. We would like to appeal to the public to refrain from doing so, in fairness to others," the spokesman added.