04 Nov '14, 10am

Amts above $10 can be paid in $1 coins only - Singapore Statutes Online - 69 - Currency Act #simlim

—(1) The Authority shall have the sole right to issue currency notes and coins in Singapore and only such notes and coins issued by the Authority shall be legal tender in Singapore. [11/82; 25/2002] (2) Currency notes issued by the Authority, if the notes have not been illegally dealt with, shall be legal tender up to their face value for the payment of any amount. [3/91; 25/2002] (3) Coins issued by the Authority, if the coins have not been illegally dealt with, shall be legal tender up to their face value in Singapore as follows: (a ) in the case of coins of a denomination exceeding 50 cents — for the payment of any amount; (b ) in the case of coins of a denomination of 50 cents — for the payment of an amount not exceeding $10; and (c ) in the case of coins of a denomination lower than 50 cents — for the payment of an amount not exceeding $2. [2/69; 11/82; 3/91; 25/2002]...

Full article: http://statutes.agc.gov.sg/aol/search/display/view.w3p;pa...

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