100 million new notes issued for Chinese New Year
Amount is similar to that issued last year; Singaporeans urged to go green and use e-hongbao
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People waiting outside the DBS Bank branch at Bukit Timah Plaza on Tuesday at around 10am. There has been high demand for online reservation slots to exchange old notes for new ones in recent days, with customers complaining about long queues at branches and ATMs.
ST PHOTO: ALPHONSUS CHERN
Around 100 million new notes have been issued for the upcoming festive season although Singaporeans have been urged to take the eco-friendly approach and send e-hongbao (red packets) instead.
The amount of notes is similar to that last year, with most allocated to DBS, OCBC and UOB banks as they serve most of the population through their wide network of distribution points.
