Okay, money, money, money. Today's post is about money! In today's news article on Straits Times, we have an incident of a man named Lee who withdrew three 50 dollar notes with printed "KF" mark.
Dollar note with KF marking
According to MAS, these notes are worthless and public are asked to go for one-for-one exchange at the bank. But wait! You really think it is worthless? I personally think that it is better to keep them as they are so rare, and could become a collector's item. Also, I don't think anyone will reject if you paid using these notes.
Here is the article from StraitsTimes.com:
Have $50 notes with 'KF' mark? MAS says they're worthless
By Esther Tan
WHEN Mr G.S. Lee withdrew some money from an OCBC Bank ATM at Compass Point earlier this month, three of his $50 notes seemed a bit strange - the letters 'KF' were on the top right hand corner.
The bank told him then that there was 'no problem with the notes', he said, but the Monetary Authority of Singapore (MAS) has since clarified that such notes have been mutilated on purpose and are therefore worthless.
The letters looked 'legally imprinted', said Mr Lee in an e-mail to The Straits Times online portal, Stomp, asking what the letters might mean. But 'KF' is not part of the $50 note's design, said MAS' spokesman, adding it did not know what 'KF' stood for.
'Notes with such markings are considered to be deliberate mutilation and they command no value,' she added.
Anyone who has notes with the markings can take them to the banks to be exchanged, she said, and MAS will take the notes back as an 'act of grace'.
When contacted, OCBC's head of group corporate communications Koh Ching Ching said currency could have become defaced while being circulated.
She said the bank's ATMs will be checked so any other mutilated notes can be retrieved.
She added that OCBC's tellers are 'trained to look out for defaced or mutilated notes and handle them as per guidelines provided by MAS', and that it has reminded its staff to be vigilant.
Hmm.. What does "KF" stands for? Who and why would they have printed it on top? Do add your comments. This is quite an interesting issue, right? Okay, thanks you for coming to my blog once again. Really appreciate you that there has been more visits and comments. Keep adding! =)
Sincerely,
Lam
