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MAS encourages use of e-hongbao for Chinese New Year; online reservation required for new notes from some banks

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SINGAPORE: Those who celebrate Chinese New Year are encouraged to give out e-hongbaos this year, as this will help to reduce queues for new notes and is more environmentally friendly, said the Monetary Authority of Singapore (MAS) on Monday (Jan 11).

For people who still prefer to use new physical …
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