A committee will be set up to gather views from the public for a memorial dedicated to Singapore’s founding fathers, announced Prime Minister Lee Hsien Loong in Parliament today.

The committee is chaired by former Shell Companies Singapore chairman Lee Tzu Yang, and if the idea is popular among Singaporeans, the committee will take the project further.

Lee Hsien Loong added that the late Lee Kuan Yew was always conscious that it was a team effort in Singapore’s success.

The memorial for all of the founding fathers could be coupled with an exhibition gallery to honour their legacy and educate future generations. The late Mr Lee, who passed away on March 23, had thought there was value in such a memorial.

“A founder’s memorial need not be a grand structure, but it must stand for our ideals, our values, our hopes and aspirations,” he added.

Meanwhile, he also noted that the notes and coins bearing the image of the late Mr Lee can be considered for the future.

He pointed out that the Monetary Authority of Singapore has already planned for a set of commemorative notes and coins for the SG50 celebrations and were designed before Mr Lee passed away.

Revealing details of the SG50 commemorative notes, Mr Lee Hsien Loong said that one set will comprise of five $10 notes and one $50 note. These notes will capture significant moments in history and aspirations that underpin Singapore’s progress, among other things.

“On the $50 note, one element in the design will be a transparent panel showing Mr Lee with fist raised, leading the crowd with the rallying cry of “Merdeka!”, said Mr Lee Hsien Loong.

The SG50 commemorative set of coins were launched by Education Minister Heng Swee Keat on 4th April 20

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