Crime to mutilate coins

MyPaper, Jul 12, 2013

mutilate coin

The new series of Singapore coins went into circulation on June 25. The new $1 coin is bi-metallic, sporting a gold-and-silver look.

Under the Currency Act, it is an offence to mutilate any Singapore notes or coins.

The MAS encourages the public to come forward if they are aware of any deliberate acts of currency mutilation.

To report such cases, call 6349-4670 or 6349-4615.

Anyone found guilty of violating the Currency Act may be fined up to $2,000.

To raise public awareness and address any misconceptions of the new coins, go to FB/newcoins

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