Forum: Preserve the spirit of hongbao exchanges and be practical
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As Chinese New Year approaches, the focus on new or fit-for-gifting notes for hongbao exchanges has sparked conversations about their necessity. While the Monetary Authority of Singapore has promoted the use of fit notes to reduce carbon emissions, we can go a step further by shifting our mindset entirely.
The true essence of giving hongbao lies in the spirit of sharing blessings and fostering goodwill. Whether the notes are new or fit for gifting should not detract from the meaning of the gesture.
After all, these fit notes will eventually enter circulation like any other currency.
Banks often see long lines during this festive season, with some customers waiting solely for new notes.
This affects other customers who may need to perform essential banking transactions and disrupts bank operations.
What truly matters is the act of giving, not the monetary value or the crispness of the notes. The hongbao symbolises heartfelt wishes for prosperity and happiness, making its physical condition or the amount enclosed insignificant in comparison.
We can honour our traditions while contributing to a more sustainable future and reducing unnecessary disruptions. Let’s focus on the spirit of the season.
Gabriel Chia
