[CNA] Payment in coins for BIG amounts can be rejected: MAS

• Ct2220

  8 Nov 14, 14:48

  Payment in coins for large amounts can be rejected: MAS

  In light of two recent incidents, including one where man tried to pay more than $19,000 owed in coins, the Monetary Authority of Singapore reiterated that people owed payment, have no obligation to accept coins beyond limits set out in the Currency Act.

   

  。。。。。。。。。。。。According to the Currency Act, the legal tender limit for coins of denomination below 50-cents is S$2 per denomination. For 50-cent coins, the limit is S$10, and there are no limits for S$1 coins, the regulator said.

  "In view of recent incidents of payment in coins for large sums of money, the MAS reiterates that a payee has no obligation to accept coins beyond the legal tender limits set out in the Currency Act," a MAS spokesperson told Channel NewsAsia.。。。。。。。

   

  http://www.mas.gov.sg/news-and-publications/letters-to-editor/2012/response-to-five-cents-mas-should-consider-stopping-circulation.aspx

  

• Ct2220

  8 Nov 14, 15:35

  Few weeks back, take one YaYaPaPaYa white indian from Tekka maket to Simei Green.

  Reaching his condomimium, the fare is $20+,

  He took out a plastic bag of coin with 5 cent, 10 cent, 20 cent. And start caounting。。。

  I just smile and tell him : Sorry SIR, you can STOP counting the coins and I will never accept it.

  He just scream at me : These is your Singapore legal currency, you can't dun accept it.

  I still smile and reply him : YES ! I will not accept it, Let me call the Police to assist us.

  At the same time some of his "Neighborhood“ start crowd arround。。。。。。

  He is Fxxking angry and took out his Mobile Phone start taking my car plate number etc

  I dun care what he is doing BUT insist that I will never accept those coin paymnet.

  。。。。。After settle the fare, shout at me : I will make sure your Job 。。。。

  I Just smile and 

   

  According to unofficial infomration:

  Nowadays when MOM renew the E Pass for those  “Foreign Talent”, 

  For those that involved with Public Dispute (Ploice Case) 。。。。。。
  "NORMALLY  will have  more procedure。。。。。。。。。

  And a lot of Foreign Admin and HR Manager had WARN their buddy to AUTOMATIC。

  My Kaki pinoy GF working as a HR and Admin Manager, according to her, recently Numbers of her and her fans companies FT invloved in Drunken （醉酒闹事）， Centre Finger （中原一指）。。。。。Surprisingly that E Pass Renewal  was been rejected。。。。。。。。。

• Ct2220

  8 Nov 14, 15:38

  .

• Alvin87a

  8 Nov 14, 17:34

  Yes...i also took one white india from asiasquare

  fare abount $14 or $$16

  give me $100 

  i ask if got $50 note or any card payment beside visa

  he say no n told me can go to shop change small notes later..n smile!

  i L L!

  Forgot to change him back all my $1 coin!

• Alvin87a

  8 Nov 14, 17:40

  Also becarful dun pick one india lady call (Ta?ny) from asia square

  (booking from the blue or yellow)

  she will try all the way to complaint u

  many td kana her liao (not me...hav't yet)

  (i must open my eyes when the call from asia square)

  4got to bring him go to change ,instead i go n change later!

• Alvin87a

  8 Nov 14, 17:42

  I dun mind coin...but not $100 or $1000 note!

   

• Ct2220

  8 Nov 14, 18:51

  Originally posted by Alvin87a:

  I dun mind coin...but not $100 or $1000 note!

   

  Wa ! S$1000 note to pay Singapore Taxi Fare.

  So  

  MUST be Ah Tiong or Ah Nia !

• kooldog59

  8 Nov 14, 20:27

  Originally posted by Alvin87a:

  I dun mind coin...but not $100 or $1000 note!

   

  I'm not saying your passenger was right, but the problem may also be because many Bank ATMs are issuing only 2 $50 notes and the rest in $100 notes nowadays

• JMjiaming

  10 Nov 14, 02:25

  huh........