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Existing $1,000 notes in circulation can continue to be used for payment, and remain legal tender. PHOTO: MAS.GOV.SG
The Monetary Authority of Singapore (MAS) will stop issuing the $1,000 note from January next year to minimise the money laundering and terrorism financing risks associated with such a large denomination.
From now till January, the MAS will also limit the quantity of $1,000 notes issued each month, although banks can continue recirculating the existing $1,000 notes that have been deposited with them, it said in a statement on Tuesday (Nov 3).
It added that it will "make available sufficient quantities of other denominations" to meet demand, in particular the $100 note, which is the next highest denomination after the $1,000 note.
From now till January, the MAS will also limit the quantity of $1,000 notes issued each month, although banks can continue recirculating the existing $1,000 notes that have been deposited with them, it said in a statement on Tuesday (Nov 3).
It added that it will "make available sufficient quantities of other denominations" to meet demand, in particular the $100 note, which is the next highest denomination after the $1,000 note.
The Landmark is built on an elevated site in District 3 beside Pearl's Hill City Park, enjoy 360° unblocked views of the city skyline, River Valley & Singapore River. Surrounded by famous Michelin Guide eateries, 24-hour supermarket and an abundance of amenities to choose from.
Existing $1,000 notes in circulation can continue to be used for payment, and remain legal tender, said the agency.
In its statement, the agency also encouraged the public to use electronic payments instead of large denominations, which it said allows individuals to anonymously carry large sums of money, and can thus facilitate illicit activities like money laundering.
The agency noted that most major jurisdictions have stopped issuing large denomination notes because of money laundering and terrorism financing concerns.
In its statement, the agency also encouraged the public to use electronic payments instead of large denominations, which it said allows individuals to anonymously carry large sums of money, and can thus facilitate illicit activities like money laundering.
The agency noted that most major jurisdictions have stopped issuing large denomination notes because of money laundering and terrorism financing concerns.
Straits Times article on 3 Nov 2020
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Screengrab from National Art Galleries Singapore
As part of the Gallery’s efforts in supporting and promoting arts in Singapore, the National Art Galleries are extending the free membership promotion to allow more people to find solace and improve mental well-being through art.
Enjoy up to $120 in value from privileges such as unlimited access to its dynamic line-up of exhibitions, privileges and discounts for selected programmes, unique museum merchandise and the Gallery’s culinary offerings!
Promotion ends 31 January 2021.
Click here for more information.
Enjoy up to $120 in value from privileges such as unlimited access to its dynamic line-up of exhibitions, privileges and discounts for selected programmes, unique museum merchandise and the Gallery’s culinary offerings!
Promotion ends 31 January 2021.
Click here for more information.
Screengrab from National Art Galleries Singapore
Q&A regarding Free Membership for Singaporeans and Permanent Residents:
Is the e-voucher transferrable?
Yes, it is transferrable. However, all Singaporeans or Permanent Residents must register online before activating the membership at the Gallery.
Will I receive a physical card?
As part of our eco-friendly efforts, all members will receive an e-card instead of a physical card. However, if you require a physical card, it can be provided at an administrative fee of $2.
I was a Gallery Insider but my membership has expired. Can I use the voucher to claim the complimentary subscription?
Yes, you are welcome to join our membership again using the promotion.
Does the membership start date begin immediately upon activation?
Yes, the start date begins immediately upon activation.
I am an existing Gallery Insider. Will I enjoy complimentary one-year extension?
Yes, all existing Gallery Insiders will receive a one-year complimentary membership extension. We will be communicating this via email soon.
Can I register my child for the promotion?
Children aged 12 years and below are not eligible to sign up for Gallery insider membership.
Not to worry, children aged 6 and below as well as locally-based students enjoy free admission for General Admission. More info here.
Is the e-voucher transferrable?
Yes, it is transferrable. However, all Singaporeans or Permanent Residents must register online before activating the membership at the Gallery.
Will I receive a physical card?
As part of our eco-friendly efforts, all members will receive an e-card instead of a physical card. However, if you require a physical card, it can be provided at an administrative fee of $2.
I was a Gallery Insider but my membership has expired. Can I use the voucher to claim the complimentary subscription?
Yes, you are welcome to join our membership again using the promotion.
Does the membership start date begin immediately upon activation?
Yes, the start date begins immediately upon activation.
I am an existing Gallery Insider. Will I enjoy complimentary one-year extension?
Yes, all existing Gallery Insiders will receive a one-year complimentary membership extension. We will be communicating this via email soon.
Can I register my child for the promotion?
Children aged 12 years and below are not eligible to sign up for Gallery insider membership.
Not to worry, children aged 6 and below as well as locally-based students enjoy free admission for General Admission. More info here.
National Art Galleries is also offering a 1-for-1 Gallery Insider membership for non-Singaporeans! Get 2 memberships for only half the price at $60 (U.P. $120).
Terms and Conditions
Terms and Conditions
- Promotion is available for sign ups in-person by both applicants at the Gallery.
- Payment to be made by cash only.
- Registered memberships combination must consist of minimum one Standard-Adult tier
- In the event that the two registered memberships are not of similar tier (e.g. Standard-Adult + Standard-Concession), payment is to be made for the higher priced tier
- Promotion ends 31 January 2021. Other T&Cs apply.