Say goodbye to the iconic $10k note: MAS

• digimonfan2008

  3 Jul 14, 12:51

  The valuable bill is now redundant.

  Singaporeans will now have to say goodbye to one of the world’s most valuable paper bills. The Monetary Authority of Singapore announced today that the $10,000-note will be abolished starting October 2014.

  According to the MAS, the discontinuation of the note’s issuance is not expected to cause any major inconvenience.

  Existing $10,000 notes will remain legal tender, but the stock of such notes are expected to dwindle over time.

  “In a similar vein, given the risks associated with large value cash transactions and high face-value notes, MAS will be discontinuing the issuance of the $10,000 note, starting from 1 October 2014. The development of more advanced and secured electronic payment systems has reduced the need for large value cash-based transactions,” announced MAS Deputy Managing Director Ong Chong Tee.

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  Lucky I have the SPECIMEN one. But got touch real one before.

• Spp

  3 Jul 14, 13:07

  Good to know this info!
• Iamgerard

  3 Jul 14, 18:13

  Sad to know

• digimonfan2008

  3 Jul 14, 20:34

  Sooner or later, all cash will be discontinued due to current trend of cashless transactions. There will be a day when we will use credit card to pay for everything.

• The Code

  4 Jul 14, 23:19

  Originally posted by digimonfan2008:

  Sooner or later, all cash will be discontinued due to current trend of cashless transactions. There will be a day when we will use credit card to pay for everything.

   

  Bitcoin has already been created to do that, but the overall question is if the world can put their trust on an cashless society, just like euro dollar was created among european countries cos there are 'trust' involved.

• digimonfan2008

  5 Jul 14, 11:49

  Originally posted by The Code:

   

  Bitcoin has already been created to do that, but the overall question is if the world can put their trust on an cashless society, just like euro dollar was created among european countries cos there are 'trust' involved.

  I don't trust cashless transactions. That's why still using cash.

• Mockingjay

  5 Jul 14, 21:03

  Must keep one if i have....

• anonymous0

  5 Jul 14, 22:06

  Originally posted by digimonfan2008:

  Sooner or later, all cash will be discontinued due to current trend of cashless transactions. There will be a day when we will use credit card to pay for everything.

  Yeah... more and more people are purchasing things online using their credit/debit cards.

• charlize

  5 Jul 14, 22:07

  Can buy a lot of cai pngs .

• digimonfan2008

  7 Jul 14, 16:09

  Originally posted by anonymous0:

  Yeah... more and more people are purchasing things online using their credit/debit cards.

  lots of fraud too. be careful.

• Bryan Designer

  8 Jul 14, 10:55

  $10k note will be valuable in years down the road

   

• FireIce

  11 Jul 14, 13:52

  it will become 100k?

• SallyJY

  7 Oct 14, 10:10

  never see the 10k note before.... 

• charlize

  7 Oct 14, 19:17

  Who are you?

• Staycationbro

  7 Oct 14, 23:21

  damn no more 10k notes?

• TehJarVu

  8 Oct 14, 07:52

  just 100 pieces of this paper can retire oredi