Singapore’s Currency Act states that any person who mutilate, destroy, deface, or causes any change (to diminish value/utility of) currency note or coin is fined up to $2,000.
Is it illegal to print money Singapore?
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000. subsection (1)(c) for any printing or stamping, or by any like means any writing or impressing, of any mark, word, letter or figure on a currency note, that is caused by the activation of the IBNS.
Is writing on money illegal in Singapore?
a currency note shall be deemed to have been illegally dealt with where the note has been impaired, diminished or affected otherwise than by fair wear and tear, or has been defaced by writing or impressing on any note any mark, word, letter or figure or by perforation, cutting, splitting or in any other manner, whether …
Is it illegal to deface bank notes?
It is illegal to deface banknotes by printing, writing or adding words, letters or figures. It is up to the police and courts whether or not to prosecute.
Where does Singapore print its money?
In SG, the Monetary Authority of Singapore (MAS) produces notes and coins. In the US, the Bureau of Engraving & Printing prints notes while the US Mint produces coins. Both of them come under the Treasury Department.
Is it illegal not to accept cash in Singapore?
Under the Currency Act (Cap. 69) (CA) , currency notes and coins issued by MAS are legal tender in Singapore. As legal tender, they are recognised by law to be valid means of payment. All coin denominations can be used by a customer to make payment, up to a limit of 20 coins per denomination for each transaction.
Is it illegal to not flush the toilet in Singapore?
Forgetting to flush the toilet
Flickr/dirtyboxface While flushing a public toilet is common courtesy, in Singapore, there is an actual law against it. If you’re caught leaving without flushing the toilet, you’re looking at a fine of around $150.
What happens if you accidentally shred money?
If a bill is counterfeit, it is sent to the Secret Service. But if it’s merely unfit by the Fed’s standards, then the machine shreds it. Those shredded notes are sent to landfills or packaged and provided as souvenirs to the public on Federal Reserve Bank tours.
Is it illegal to fold money?
Specifically, this is a violation of Title 18, Section 333 of the United States Code, which says that “whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve …
Is it illegal to burn dollar bills?
In the United States, burning banknotes is prohibited under 18 U.S.C. § 333: Mutilation of national bank obligations, which includes “any other thing” that renders a note “unfit to be reissued”.