Legal tender for coins

TNP, 17 Mar 2017,  MAS looking at legal tender limit for coins
{Extract}

Current limits
$2 per denomination for five-cent, 10-cent and 20-cent coins, and $10 for 50-cent coins. There is no current limit for payment using one-dollar coins.

Proposed limits
Uniform legal tender limit of 10 coins per denomination in a single transaction for all denominations. This means that a payer can use up to 10 pieces each of five-cent, 10-cent, 20-cent, 50-cent and one-dollar coins per transaction. The maximum amount you can use coins to pay for a single transaction is S$18.50.

Consultation Paper on Revised Legal Tender Limit for Coins

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: