Currency Act - the legal tender limit for coins of denomination

In light of multiple cases whereby payments were attempted with coins amounting in thousands, the Monetary Authority of Singapore (MAS) has released a statement on the legal tender limit for coins of denomination.

According to the Currency Act, the legal tender limit for coins of denomination:

1. Below 50-cents is S$2 per denomination.
2. For 50-cent coins, the limit is S$10.
3. There are no limits for S$1 coins.

A payee has no obligation to accept coins beyond the legal tender limits set out in the Currency Act.