The_King Posted November 3, 2020 Share Posted November 3, 2020 SINGAPORE, Nov 3 (Reuters) - Singapore will stop printing S$1,000 banknotes from Jan. 1 next year, its central bank said on Tuesday, to curb the risk of them being used for money laundering and to finance terrorism. Existing notes will remain legal tender and banks can continue to re-circulate the notes, the Monetary Authority of Singapore said in a statement. Countries around the world have been looking to phase out high denomination notes for years over concerns they are used predominantly for criminal activity. European authorities halted the printing of the 500 euro note last year. ($1 = 1.3635 Singapore dollars) ($1 = 0.8586 euros) (Reporting by Chen Lin; Editing by Himani Sarkar) https://sg.finance.yahoo.com/singapore-stop-issuing-1000-note-reduce-risks-money-laundering-terrorism-financing-035919600.html 1 Link to comment Share on other sites More sharing options...
ManOfTheHour Posted November 3, 2020 Share Posted November 3, 2020 Ok will frame mine up after i get it signed by HSK 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now