Circulation of High Currency Notes & Dangers of Money-Laundering.

[Kohliantye]

Malaysia's Mahathir removed RM1000 and RM500 from circulation at the height of the Financial Crisis.

Why in Singapore do we still have $1000 and $10000 in circulation?

A cleaner and security guard paid peanuts can never even smell or touch such currency.

Probably, the former maybe within reach of some BUT CERTAINLY not the latter.

Why the need for such "heavy" currencies to be in circulation, especially when so many corrupt politicians from China, India, Africa and ASEAN countries are involved in, and support people who launder money.

I have yet to see a $10000 note.

Maybe someone can post a picture of it.

 

[sleaguepunter]

http://www.google.com.sg/search?q=singapore+$10000+note&hl=en&tbm=isch&tbo=u&source=univ&sa=X&ei=Ck1mUe6HHcaGrAfe2oCQCg&ved=0CD4QsAQ&biw=1366&bih=563

sorry, dunno how to post picture so pls click on the link to see $10k notes over the years.

http://www.liveauctioneers.com/item/7693410

 

[OldFart]

Malaysia's Mahathir removed RM1000 and RM500 from circulation at the height of the Financial Crisis.

Why in Singapore do we still have $1000 and $10000 in circulation?

A cleaner and security guard paid peanuts can never even smell or touch such currency.

Probably, the former maybe within reach of some BUT CERTAINLY not the latter.

Why the need for such "heavy" currencies to be in circulation, especially when so many corrupt politicians from China, India, Africa and ASEAN countries are involved in, and support people who launder money.

I have yet to see a $10000 note.

Maybe someone can post a picture of it.

Happy now?

 

[looneytan]

I have yet to see a $10000 note.

I have seen 1000000000 but not an opportunity to use it yet

 

[laksaboy]

If there is no money laundering, then I worry for Singapore.

How to be financial hub without money laundering?

How to be sex hub without prostitutes?

 

[halsey02]

Malaysia's Mahathir removed RM1000 and RM500 from circulation at the height of the Financial Crisis.

Why in Singapore do we still have $1000 and $10000 in circulation?

A cleaner and security guard paid peanuts can never even smell or touch such currency.

Probably, the former maybe within reach of some BUT CERTAINLY not the latter.

Why the need for such "heavy" currencies to be in circulation, especially when so many corrupt politicians from China, India, Africa and ASEAN countries are involved in, and support people who launder money.

I have yet to see a $10000 note.

Maybe someone can post a picture of it.

I used to own two pieces not the current one, have used it, not for gambling...sorry you weren't in that class...heh heh heh

 

[blissquek]

Malaysia's Mahathir removed RM1000 and RM500 from circulation at the height of the Financial Crisis.

Why in Singapore do we still have $1000 and $10000 in circulation?

A cleaner and security guard paid peanuts can never even smell or touch such currency.

Probably, the former maybe within reach of some BUT CERTAINLY not the latter.

Why the need for such "heavy" currencies to be in circulation, especially when so many corrupt politicians from China, India, Africa and ASEAN countries are involved in, and support people who launder money.

I have yet to see a $10000 note.

Maybe someone can post a picture of it.

Some 10 over years ago, i bought 3 donation draw ticket which uses the $10,000 bill as their grand price. ( But with the word..reproduction printed on it.)

The draw ticket cost $10 each..As the draw ticket resemble the actual $10,000 bill,it is really very life-like, i kept the
ticket..

Today, to my surprise..collectors are willing to buy it at $40 per pcs.

The coin and notes collectors are selling them at $70 per pc.

U still can get them..

 

[Raiders]

You guys are really froggies in the well. I use the 10k note everyday in Vietnam.

 

[kongsimi]

what dangers?

 

[syed putra]

Actually very useful these big notes. Can carry large amount of money when space is constraint. In Malaysia, just a few thousand, the wallet bulge like crazy. But many woman stare thinking my one very big.

 

[laksaboy]

You guys are really froggies in the well. I use the 10k note everyday in Vietnam.

You are the real sua koo. I burn 100-million dollar notes.

 

[PUNISHER]

If there is no money laundering, then I worry for Singapore.

How to be financial hub without money laundering?

How to be sex hub without prostitutes?

Totally agree with you ! Money laundering is very important for welcoming investor to your country . A totally clean country cannot be rich .

 

[looneytan]

I have seen 1000000000 but not an opportunity to use it yet

some fucking COWARD just left in my notification 'fucking RETARD' as if I fuck care

 

[kongsimi]

still nobody explains the dangers of money laundering?

 

[johnny333]

Actually very useful these big notes. Can carry large amount of money when space is constraint. In Malaysia, just a few thousand, the wallet bulge like crazy. But many woman stare thinking my one very big.

I've used $10,000 & $5,000 notes to do interbank transfers when I had a different bank accounts with different banks in Spore. Very convenient to have such large notes

Compared to carrying SIN$10,000 in RM$50 notes. Had to use a plastic bag to carry all the notes

 

[PUNISHER]

still nobody explains the dangers of money laundering?

The danger of money laundering is the government cannot make money cannot tax you

 

[halsey02]

You are the real sua koo. I burn 100-million dollar notes.

[/QUOTE]

Haolian!, 100m dong is nearly S$6K...you burnt that? wah! you beri rich!!

 

[Cerebral]

I've used $10,000 & $5,000 notes to do interbank transfers when I had a different bank accounts with different banks in Spore. Very convenient to have such large notes

Compared to carrying SIN$10,000 in RM$50 notes. Had to use a plastic bag to carry all the notes

10k notes are logged in SG. Never seen a 5k. I personally prefer 1k notes. Remain anonymous

 

[johnny333]

10k notes are logged in SG. Never seen a 5k. I personally prefer 1k notes. Remain anonymous

Someone told me that the big notes: 500, 1000, 5000 & 10000 notes are not that common & if anyone reports that these notes are stolen. Anyone holding these notes will lose out as they will not be able to use any stolen notes. The authorities will confiscated any stolen notes. That's why I will only accept these large notes from a bank and use them at a bank. It is not a good idea for everyday use

For everyday use I will only use smaller denominations i.e. 100 & smaller I don't want to be penalized for having stolen currency

 

[Narong Wongwan]

10k notes are logged in SG. Never seen a 5k. I personally prefer 1k notes. Remain anonymous

No more 5k notes liao.
500 notes also no more and 1k are not considered big notes la....very common.....just go to casino or nightclubs.
Even cash deposit machines accepts them.
10k notes more uncommon used to need to take down ic. Now no need liao.