FOR IMMEDIATE RELEASE
PRESS RELEASE
INCREASE IN DEMAND FOR “GOOD-AS-NEW” $2 NOTES
FOR “HONG BAO”
Singapore, 10 February, 2014… The Monetary Authority of Singapore (MAS) announced
that the Go Green “good-as-new” initiative this Lunar New Year was better received than last
year. During the run-up to the Lunar New Year, 14% of the $2 notes issued comprised “goodas-new” notes, an increase of 3% from 2013. The increase in demand for $2 notes was met
entirely by “good-as-new” notes, with the number of brand new $2 notes remaining the same.
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The encouraging take-up of “good-as-new” notes this year reflects that public support
for this Go Green initiative is growing. MAS thanks the Association of Banks in Singapore,
ECO Singapore, SBS Transit and People’s Association for partnering us to promote this
initiative.
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Jeff Siaw
Assistant Director (Corporate Communications)
Tel: 6422-5320
Fax: 6227-0705
Email: [email protected]