SINGAPORE: Prime Minister Lee Hsien Loong unveiled a set of commemorative currency notes to celebrate SG50 on Tuesday (Aug 18).

The set includes a S$50 polymer note and five S$10 polymer notes.

The notes』 designs drew inspiration from significant milestones and achievements in Singapore's history, the multiracialism that defines Singapore as a nation and the values and aspirations that underpin Singapore's progress.

For example, the S$50 note highlights Singapore's history, transformation and future. It shows the late Mr Lee Kuan Yew shouting 'Merdeka!' - the rallying cry of Singapore's independence struggle.

However, the current Prime Minister said: "Even as we reflect on our past we must also look to the future." Hence the addition of a note depicted Singapore's latest new town - Punggol - which he said symbolises the continuing renewal of our homes and communities.

Mr Lee said this is Singapore's responsibility: To build on the legacy of our pioneers and carry on their vision to make Singapore our best home.

The notes make use of the colour gold, reflecting Singapore's jubilee.

Both the S$50 and S$10 notes have security features that are the first of their kind in the world to be used on a currency note. The security stripe in the S$50 note has a unique see-through feature with image movement effects that give depth to the image of Mr Lee Kuan Yew.

The SG50 logo also has colour-switching effects, with the year flipping from 1965 to 2015.

The notes were designed by four local artists and designers.

The public can exchange the SG50 commemorative notes at face value at branches of nine major retail banks from Aug 20. They include DBS Bank/POSB, Oversea-Chinese Banking Corporation, United Overseas Bank, Citibank, Standard Chartered Bank, Bank of China, HSBC, Malayan Banking Berhad, Industrial and Commercial Bank of China.

To ensure that everyone has an opportunity to exchange the SG50 commemorative notes, there will be a quota of five sets of notes per transaction per individual.

- CNA/ek

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