During Chinese New Year, gifting red packets, or hongbao, is a cherished tradition symbolizing good fortune and prosperity. Many prefer using crisp, new notes as they are seen as a sign of respect and a fresh start for the recipient.
Image: Circular Connection
However, producing new currency comes at a significant environmental cost. The Monetary Authority of Singapore (MAS) estimated that generating the required number of new notes for the festive season produces approximately 408 tonnes of carbon dioxide equivalent—comparable to the annual energy consumption of about 220 four-room HDB flats.
The preference for new notes has gradually shifted. According to The Straits Times, a 2024 survey by the Ministry of Digital Development and Information, nearly two-thirds of hongbao givers opted for fit notes instead of new ones. These fit-for-gifting notes, as described by the MAS, are clean and suitable for recirculation. Their quality matches the notes dispensed by ATMs, making them an environmentally friendly choice for the festive season.
Image: Circular Connection
This change demonstrates growing awareness of the environmental impact and a willingness to embrace sustainable alternatives without compromising the spirit of the tradition.
Another sustainable option gaining popularity is digital gifting. E-angpaos allow for the electronic transfer of money, and DBS' QR gift cards can be recycled after use, further reducing waste. These modern alternatives align with efforts to promote eco-friendly practices during traditional celebrations.
Images: Pexels/Angela Roma , Circular Connection
For those seeking fit or new notes, you can make an appointment to collect them at designated locations. Embracing fit notes or digital gifting not only preserves cherished traditions but also supports a more sustainable future.
Find out where and how to get your fit-for-gifting notes for Chinese New Year below:
DBS: For QR Ang Baos, making online reservations to collect fit notes, or finding out the locations of the 72 pop-up ATMs
OCBC: For e-Ang Baos, making online reservations to collect fit notes, or finding out the locations of 13 pop-up ATMs
Standard Chartered: For e-Ang Baos and making online reservations to collect fit notes
UOB: For making online reservations to collect fit or new notes
