SINGAPORE'S new $20 polymer notes have hit auction sites on the internet.
One web auctioneer has reportedly made a profit of $550 by selling 100 notes on online marketplace eBay.
Evening Chinese daily LianHe WanBao had spotted another individual who was trying to sell six pieces of this note in running serial numbers for $180.
The notes were launched on June 27 to commemorate 40 years of Singapore' Currency Interchangeability Agreement with Brunei that took effect on June 12, 1967.
Under the deal, the currency of either country is also legal tender in the other, such that notes can be exchanged at par.
This means one Singapore dollar gets one Brunei dollar and vice versa.
It is understood that some banks have limited the exchange of the new note to two pieces per person and details like names and identity card numbers are noted down.
The Straits Times
July 29, 2007
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