Response to Letter "5分钱硬币为何遭拒收?" - Lianhe Zaobao, 14 July 2026
Why this matters
This is an informational response from MAS clarifying merchant rights regarding 5-cent coin acceptance under the Currency Act. It addresses consumer protection concerns about payment acceptance practices and legal tender definitions. The content is regulatory guidance rather than a directive requiring urgent action.
AI-generated classification rationale, not a full analysis. Verify with the original MAS source before acting. Full disclaimer.
What the MAS said
In response to a forum letter suggesting about the use and acceptance of 5-cent coins, MAS explained there remains a use for 5-cent coins in Singapore and will continue issuing 5-cent coins to meet demand. Under the Currency Act, merchants are allowed to decide if they do not wish to accept certain coins for payment…
Extract from MAS . Read the full notice at the source for the authoritative text.
Context
Monetary Authority of Singapore (MAS) — Singapore's central bank and integrated financial regulator. We track 148 updates from them.
Singapore's financial sector is regulated by MAS. Browse all Singapore updates.
This update is classified under Consumer Protection / Conduct and Payments & E-Money.