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| 背面描述 | The reverse presents a detailed intaglio vignette of the 1987 National Day Parade at the Padang, with the colonial City Hall building and palm trees visible in the background and parade formations in the foreground. An elaborate guilloche rosette with interlocking decorative scrollwork occupies the left portion of the note in multicolour underprint. The denomination $10000 appears in numeral form at upper left and lower right, with the inscription TOGETHER... EXCELLENCE FOR SINGAPORE arching above the central scene. |
| 背面铭文 | $10000 TOGETHER... EXCELLENCE FOR SINGAPORE NATIONAL DAY PARADE 1987 SINGAPORE $10000 |
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The S$10,000 note is one of the highest-denomination banknotes ever issued for general circulation anywhere in the world. Singapore's decision to maintain it reflected the city-state's role as a regional financial hub where large cash transactions between institutions were routine enough to justify the denomination in physical form. Most central banks had long since abandoned notes at this level, treating them as instruments of illicit finance rather than legitimate commerce.
The Monetary Authority of Singapore eventually demonetized the S$10,000 — along with the S$1,000 — in 2021, citing money-laundering concerns. Notes from the 1989 series remain legal tender but are effectively off the market.