New notes preferred, but old ones still retain their value - News Summed Up

New notes preferred, but old ones still retain their value


While some use old notes that are still fit for circulation, many believe it is best to give new bank notes in red packets. To get it right, many are willing to endure long queues at banks, although e-ang pow are also gaining popularity. A retiree from Klang, who wanted to be known only as Yeo, 58, said she uses a mix of e-ang pow and cash. “I started giving e-ang pow to my children in 2024, but I still give cash to my nieces, nephews, distant relatives and non-family members,” she said. Jane Wong, 24, a student from Cheras said she does not mind receiving e-ang pow, as she uses digital transfers in most transactions.


Source: The Star February 12, 2026 07:00 UTC



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