| CURRENCY AND PAYMENT SYSTEM | 36 | |
| MEPS+ |
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| Managing Dollars and Cents | 36 | |
Managing Dollars and Cents
In February 2011, MAS appointed Certis CISCO Security Pte Ltd, to manage the processing and distribution of the S$2 and S$5 notes to enhance efficiency in the recirculation of these notes.
MAS was also among the top three recipients of the 2010 Best Currency Website Awards. The Currency Awards programme is sponsored by Currency News and managed by the International Association of Currency Affairs.
As at 31 March 2011, the gross and active currency in circulation was S$25.9 billion (see Chart 6) and S$23 billion respectively. The gross currency in circulation increased 9% over the year, with S$53.8 billion worth of notes and coins issued to banks and S$51.7 billion returned.
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In June 2010, MAS launched the inaugural Youth Olympic Games (YOG) coins to commemorate the event which was held in Singapore in August 2010. The coins all bear the YOG official marks with the silver version featuring a crescent-shaped hologram with patterns of the Singapore lion head, packaged with four pieces of medallions bearing various sport pictograms with local orchids at the rim.
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