This $25 commemorative note was issued on 10 May 1996 in conjunction with the celebration of 25th Anniversary of Monetary Authority of Singapore (MAS). The Monetary Authority of Singapore was established on 1 January 1971 under the Monetary Authority Singapore Act which passed by the Parliament in 1970. Under the MAS act, it gives MAS the authority to regulate all elements of monetary, banking and financial aspects of Singapore. Subsequent in 2002 MAS merged with the Board of Commissioners of Currency, it has then assumed the role of currency issuance.
The $25 Commemorative Note issued in 1996 in conjunction with 25th Year Anniversary of Monetary Authority of Singapore
The obverse of the note features the building of MAS in the background of Singapore city. The reverse side depicts the development of Singapore city towards the new technology era. A total of 300,000 pieces of this commemorative note was issued by MAS.