Lee Hsien Loong & the Singapore Currency

Sign LHL 1 Port 50-28 XX

PM Lee Hsien Loong served as Chairman of the Monetary Authority of Singapore (MAS) from 1998 to 2004 and Finance Minister from 2001 to 2007. Although PM Lee served as MAS Chairman from 1998, MAS was not the issuing authority of Singapore currency until the Board of Commissioners of Currency, Singapore (BCCS) was merged into MAS on 1st October 2002. PM Lee relinquished his appointment as Chairman of MAS in August 2004. His signatory as MAS Chairman, the issuing authority of Singapore currency, lasted for only 22 months. 

PM Lee is the only Prime Minister who concurrently was also the Chairman of BCCS and the Chairman of MAS. To be more accurate, he was the LAST Chairman of BCCS and the FIRST Chairman of MAS after BCCS was merged into MAS.

The merger of BCCS into MAS was also the 35th Anniversary of MAS, and that gave MAS the “fire power” to release a few commemorative issues. Well, maybe MORE than a few! 

As far as I know, the following uncut sheets and commemorative notes bear the signature of PM Lee, first released to the public in 2002 to 2005:

  1. Year 2002, President Yusof Ishak $50 (Overprint: BCCS 1967 to MAS 2002) uncut sheet of 32 (200 sheets)
  2. Year 2004, President Yusof Ishak $10 Polymer, MAS prefix s/n, commemorative sheet in Consecutive Number, uncut sheet of 35.
  3. Year 2004, President Yusof Ishak $10 Polymer, MAS prefix s/n, commemorative sheet in Solid Number, uncut sheet of 35.
  4. Year 2004, President Yusof Ishak $10 Polymer, MAS prefix s/n, commemorative single note with folder.
  5. Year 2004, President Yusof Ishak $10 Polymer, MAS prefix s/n commemorative single note without folder.
  6. Year 2005, President Yusof Ishak $2 uncut sheet of 60 (100 sheets).
  7. Year 2005, President Yusof Ishak $5 uncut sheet of 40 (100 sheets).
  8. Year 2005, President Yusof Ishak $10 uncut sheet of 45 (100 sheets).
  9. Year 2005, President Yusof Ishak $50 uncut sheet of 45 (100 sheets)

(The above information is compiled from Mavin International auction catalogues. Being the official auctioneer of MAS, it has always been a great source of information. http://mavininternational.com )

Although it was a short 22 months, did PM Lee has less fanfare than any of his predecessors.

The above list is not exhaustive. Accordingly, 10,000 pieces of MAS prefix banknotes were printed. If you know some other issues that I have missed out, please tell us on our Facebook page.

Sign LHL 1 Port 50-28 XX

Year 2002, President Yusof Ishak $50 (Overprint: BCCS 1967 to MAS 2002) uncut sheet of 32 (200 sheets)

Sign LHL 2 Port02-60 XX

Year 2005, President Yusof Ishak $2 uncut sheet of 60 (100 sheets)

Sign LHL 3 Port05-40 XX

Year 2005, President Yusof Ishak $5 uncut sheet of 40 (100 sheets)

Sign LHL 4 Port10-45 XX
Year 2005, President Yusof Ishak $10 uncut sheet of 45 (100 sheets)

 

by Russell Cheong

owner & author of uncutcurrency.sg