As the SG50 commemorative notes sets have been released, the Monetary Authority of Singapore (MAS) has realised that they made an unbelievable mistake of misspelling the name of Singapore’s first President Yusof Ishak.
‘Yusok Ishak’ is the name that appears on the folder and in a booklet enclosed in the package. As it reads on the S$50 note, ‘The front design features Mr Yusok Ishak, our first President.’ The portrait of the President is on both S$50 and S$10 commemorative notes and they were released to the public on Thursday morning. However, the ones that were launched that day do not contain any errors, thankfully. Meanwhile Mr Ravi Menon, the Managing Director of MAS, took full responsibility for the spelling mistake apologising on behalf of the MAS:
‘This should never have happened and is not acceptable’
A MAS spokesman added that they are now printing stickers to cover the spelling mistake. The stickers will be attached to the folders from next Tuesday. However, those who already got the folders with the misspelled notes can obtain the stickers as well from the banks.
As MAS stated, they will print a total of 20 million pieces of S$50 notes and 75 million pieces of S$10 notes, on its website it is says that there are enough notes for Singaporeans, who are given priority.