Have $50 notes with 'KF' mark? MAS says they're worthless

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March 26, 2008

 

 

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.

 

 

 

AH DUHZ!!!!!!!!!!!!!!!!! I withdraw ATM and got such notes, U don't exchange with me and still tell me its worthless???? "act of grace" BS!!!

[Apollo]

posted liaoz

 

http://www.mycarforum.com/forum/Others_C20...y_MAS_P2287167/

[Guyver]

Those who got this note ... let me know ....

[Nutty]

Why you want to keep this note?

 

[Chisiang]

I always kena those got write 4D number on it

[Garlic]

kang tao ji.

[Slowmo]

maybe he wan to buy for $1 since the KF50 is worthless

[Viceroymenthol]

if the notes cannot exchange with MAS then KF stand for kena f***ed

[Albeniz]

Home > Latest News > Singapore

 

(1) But 'KF' is not part of the $50 note's design, said MAS' spokesman,adding it did not know what 'KF' stood for.

 

(2) MAS will take the notes back as an 'act of grace'.

 

I find the above two unacceptable.

[Albeniz]

maybe he wan to buy for $1 since the KF50 is worthless Laugh

 

I will pay $2. 不二价.

[David]

I always kena those got write 4D number on it

Have you seen one with tel nos on it, and when called it turned out to be a HC!

[Slowmo]

KF.... hmm... Kidney Foundation?

[Guyver]

Why you want to keep this note?

 

 

Maybe got value ....

[Slowmo]

whats HC?

[Maxus-MIFA9]

Hmm..... Marked money accidentaly circulated to the public......

 

Like those use in solving kidnap for ransom cases......