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Finance

Singapore promotes digital money for Lunar New Year cash gifts

Central bank aims to tackle COVID-19 as well as reduce carbon emissions

A customer selects red envelopes for Lunar New Year in Singapore's Chinatown in 2018.    © Reuters
NANAKO MURATA, NQN staff writer | Singapore

SINGAPORE -- With the approach of Lunar New Year on Feb. 12, Singapore is calling on residents to digitalize cash gifts for the holiday.

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