SINGAPORE — The Monetary Authority of Singapore (MAS) has apologised for misspelling Singapore’s first President, the late Yusof Ishak’s name in a folder containing the commemorative SG50 notes that were released today (Aug 20). His name was misspelled as “Yusok Ishak”.
“This should never have happened, is not acceptable, and I take full responsibility. I apologise on behalf of my colleagues who worked hard to prepare the notes and folders but are deeply disappointed that we made this most unfortunate mistake. We will put this right,” said Mr Ravi Menon, MAS Managing Director.
An MAS spokesperson said it is printing stickers to replace the mis-spelt portions, and the stickers will be affixed to the folders available from banks from Aug 25 onwards. Those who have collected the folders may obtain the stickers then.
“We apologise for an unfortunate typographical error in our first President Yusof Ishak’s name in the folder containing the SG50 notes,” said the spokesperson.
The launch of the notes today saw long queues at banks across the island. Many Singaporeans took to social media to showcase their new notes — and some pointed out the wrong spelling of Mr Yusof’s name.
The set of six commemorative currency notes — a S$50 polymer note and five S$10 polymer notes with various designs — can be obtained at face value at nine major retail banks, including DBS/POSB, United Overseas Bank, Citibank and the Bank of China until Sept 30 for Singaporeans. Non-Singaporeans will be able to obtain these notes from Oct 1.
The MAS spokesperson said it is “encouraged by the very positive feedback we have been getting from Singaporeans on the SG50 notes. We hope that Singaporeans will treasure these notes. We apologise once again for our oversight in the folder which will be rectified soon”.