MAS issues 100 million new notes for CNY even as S’poreans urged to send e-hongbao

People queueing up for new notes for the Chinese New Year, at the POSB ATMs at West Coast Community Club on Jan 26, 2021. PHOTO: ST FILE
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SINGAPORE - 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 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.

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