![](https://i.imgur.com/CLvY2jA.png")
29-12-2021, 08:20 AM
Gabrielle Andres
28 Dec 2021 02:09PM
(Updated: 28 Dec 2021 02:58PM)
SINGAPORE: The Monetary Authority of Singapore (MAS) on Tuesday (Dec 28) urged members of the public to reduce the use of new notes in hongbao for the coming Chinese New Year to “support the environment and reduce queues at bank branches”.
......
it issues about 100 million new notes annually for Chinese New Year and other festive periods.
A “large proportion” of these notes, particularly the S$2 bills, are returned after Chinese New Year and subsequently destroyed as it “far exceeds normal circulation demand”.
“The carbon emissions from the production, transportation, and destruction of such new notes each year is highly wasteful, unnecessary, and impacts the environment negatively,” it said.
https://www.channelnewsasia.com/singapor...as-2404036
28 Dec 2021 02:09PM
(Updated: 28 Dec 2021 02:58PM)
SINGAPORE: The Monetary Authority of Singapore (MAS) on Tuesday (Dec 28) urged members of the public to reduce the use of new notes in hongbao for the coming Chinese New Year to “support the environment and reduce queues at bank branches”.
......
it issues about 100 million new notes annually for Chinese New Year and other festive periods.
A “large proportion” of these notes, particularly the S$2 bills, are returned after Chinese New Year and subsequently destroyed as it “far exceeds normal circulation demand”.
“The carbon emissions from the production, transportation, and destruction of such new notes each year is highly wasteful, unnecessary, and impacts the environment negatively,” it said.
https://www.channelnewsasia.com/singapor...as-2404036
