The largest Singapore dollar note currently in circulation is the $1,000 note. It was first introduced in 1999, replacing the older $1,000 note that had been in circulation since 1976.
The $1,000 note features the image of Singapore’s first president, Yusof bin Ishak, on the front. On the back, it showcases the iconic image of the Merlion, a symbol of Singapore’s heritage and culture.
While the $1,000 note is the largest denomination of Singapore currency, it is relatively rare to see in everyday use. This is because most transactions in Singapore are conducted through electronic means, such as credit cards or mobile payment platforms.
Furthermore, the Monetary Authority of Singapore (MAS) has taken steps in recent years to discourage the use of high denomination notes, in order to reduce the risk of money laundering and other illicit activities. As part of this effort, the MAS has gradually phased out the $10,000 note, which was last printed in 2014.
Overall, the $1,000 note remains an important part of Singapore’s currency system, but it is not widely used in daily transactions. Instead, most people rely on smaller denominations or electronic payments to conduct their financial transactions.
