Singapore dollar
Singapore dollar (English) Dolar Singapura (Malay) 新加坡元 / 新币 (Chinese) சிங்கப்பூர் வெள்ளி (Tamil) | |||||
---|---|---|---|---|---|
| |||||
ISO 4217 | |||||
Code | SGD (numeric: 702) | ||||
Subunit | 0.01 | ||||
Unit | |||||
Symbol | S$ or $ | ||||
Nickname | Sing | ||||
Denominations | |||||
Subunit | |||||
1/100 | cent | ||||
Banknotes | |||||
Freq. used | $2, $5, $10, $50, $100, $1,000 | ||||
Rarely used | $10,000 | ||||
Coins | |||||
Freq. used | 5, 10, 20, 50 cents, $1 | ||||
Rarely used | 1 cent | ||||
Demographics | |||||
User(s) | Singapore Brunei (alongside the Brunei dollar) | ||||
Issuance | |||||
Monetary authority | Monetary Authority of Singapore | ||||
Website | www | ||||
Mint | Singapore Mint | ||||
Website | www | ||||
Valuation | |||||
Inflation | -0.3% at March 2015 | ||||
Pegged by | Brunei dollar at par |
Singapore dollar | |||||||
---|---|---|---|---|---|---|---|
Chinese name | |||||||
Chinese | 新加坡元 | ||||||
| |||||||
Malay name | |||||||
Malay | Dolar/Ringgit Singapura | ||||||
Tamil name | |||||||
Tamil | சிங்கப்பூர் வெள்ளி |
Template:Contains Chinese text Template:Contains Tamil text
The Singapore dollar (Malay: Ringgit Singapura, sign: $; code: SGD) is the official currency of Singapore. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.
The Monetary Authority of Singapore and the Monetary Authority of Brunei Darussalam (Autoriti Monetari Brunei Darussalam) still maintain the historic exchangeability of their two currencies, the Singapore dollar and the Brunei dollar, respectively. The Singapore dollar is accepted as "customary tender" in Brunei according to the Currency Interchangeability Agreement.[1] Likewise, the Brunei dollar is customarily accepted in Singapore.
History
Between 1845 and 1939, Singapore used the Straits dollar.[2] This was replaced by the Malayan dollar,[2] and, from 1953, the Malaya and British Borneo dollar, which were issued by the Board of Commissioners of Currency, Malaya and British Borneo.[2]
Singapore continued to use the common currency upon joining Malaysia in 1963,[2] but only two years after Singapore's expulsion and independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down.[2] Singapore established the Board of Commissioners of Currency, Singapore, on 7 April 1967[3] and issued its first coins and notes.[2] Nevertheless, the Singapore dollar was exchangeable at par with the Malaysian ringgit until 1973,[2] and interchangeability with the Brunei dollar is still maintained.[2]
Initially, the Singapore dollar was pegged to the British pound sterling at a rate of S$60 = £7. This peg lasted until the demise of the Sterling Area due to the Nixon Shock in the early 1970s, after which the Singapore dollar was linked to the US dollar for a short time. As Singapore's economy grew and its trade links diversified to many other countries and regions, Singapore moved towards pegging its currency against a fixed and undisclosed trade-weighted basket of currencies from 1973 to 1985.
From 1985 onwards, Singapore adopted a more market-oriented exchange regime, classified as a Monitoring Band, in which the Singapore dollar is allowed to float (within an undisclosed bandwidth of a central parity) but closely monitored by the Monetary Authority of Singapore (MAS) against a concealed basket of currencies of Singapore's major trading partners and competitors. This, in theory, allows the Singaporean government to have more control over imported inflation and to ensure that Singapore's exports remain competitive.
Before 1970, the various monetary functions associated with a central bank were performed by several government departments and agencies. As Singapore progressed, the demands of an increasingly complex banking and monetary environment necessitated streamlining the functions to facilitate the development of a more dynamic and coherent policy on monetary matters. Therefore, parliament passed the Monetary Authority of Singapore Act in 1970, leading to the formation of MAS on 1 January 1971. The MAS Act gave the MAS the authority to regulate all elements of monetary, banking, and financial aspects of Singapore.
On 31 March 2003, the Board of Commissioners of Currency Singapore (BCCS) merged with the Monetary Authority of Singapore (MAS), which took over the responsibility of banknote issuance.[4]
Currency in circulation
As of 2012, the total currency in circulation was S$29.1 billion.[5] All issued Singapore currency in circulation (notes and coins) are fully backed by external assets in its Currency Fund to maintain public confidence.[6][7] Such external assets consists of all or any of the following:[8] (a) gold and silver in any form; (b) foreign exchange in the form of demand or time deposits; bank balances and money at call; Treasury Bills; notes or coins; (c) securities of or guaranteed by foreign governments or international financial institutions; (d) equities; (e) corporate bonds; (f) currency and financial futures; (g) any other asset which the Authority, with the approval of the President of Singapore, considers suitable for inclusion.
Singapore's foreign reserves officially stood at over US$277.9 billion, as of June 2014 according to the MAS.[9]
Coins
In 1967, the first series of coins was introduced in denominations 1, 5, 10, 20 and 50 cents and 1 dollar. These coins depicted wildlife and other images relating to the island nation and were designed by Stuart Devlin, the same artist credited for the 1966 designs on Australia's decimal coin series. The sizes were the same as those used for the Malaysian Ringgit and based directly off the old coinage of the former Malaya and British Borneo dollar. The 1 cent was bronze while the other denominations were copper-nickel. Later, in 1976 the 1 cent was changed to copper-clad steel. The production of the first series was phased out by 1985.
First Series (Marine Series) (1967–1985) [3] | ||||||||
---|---|---|---|---|---|---|---|---|
Value | Technical parameters | Description | Date of issue | |||||
Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | ||
1 cent | 17.78 mm | 1.118 mm | 1.940 g | Bronze | Plain | A high-rise public housing block with a fountain in front and clouds in the background | Value and Year | 12 June 1967 |
1 cent | 1.744 g | Copper-clad steel | 1976 | |||||
5 cents | 16.26 mm | 1.02 mm | 1.410 g | Cupro-nickel | Milled | A snake-bird sitting in its nest and preening its feathers. | Value and Year | 12 June 1967 |
5 cents | 1.260 g | Cupro-nickel clad steel | ||||||
5 cents (FAO) | 21.23 mm | 1.27 mm | 1.240 g | Aluminium | A fish and the phrases "INCREASE PRODUCTION" and "MORE FOOD FROM THE SEA." | 1971 | ||
10 cents | 19.41 mm | 1.40 mm | 2.83 g | Cupro-nickel | A seahorse with a stylised piece of seaweed. | 12 June 1967 | ||
20 cents | 23.60 mm | 1.78 mm | 5.66 g | A swordfish against a background symbolising water. | ||||
50 cents | 27.76 mm | 2.03 mm | 9.33 g | A lionfish from tropical waters. | ||||
$1 | 33.32 mm | 2.39 mm | 16.85 g | A stylised Singapore lion symbol flanked by two stalks of paddy. | ||||
For table standards, see the coin specification table. |
In 1985, the second series of coins were introduced in denominations 1, 5, 10, 20 and 50 cents and 1 dollar. The reverse of these coins were designed by Christopher Ironside. The new series offered smaller coins depicting a floral theme. One dollar banknotes were discontinued and gradually replaced with an aluminum-bronze coin. The 5 cent coin was also changed to aluminum-bronze while the 10, 20, and 50 cents remained copper-nickel. Limited numbers of commemorative bimetallic 5 dollar coins with scalloped edges were also periodically issued later during this series. The series will be phased out by 2017.
Second Series (Floral Series) (1985–2017) [4] | ||||||||
---|---|---|---|---|---|---|---|---|
Value | Technical parameters | Description | Date of issue | |||||
Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | ||
1 cent | 15.90 mm | 1.10 mm | 1.24 g | Copper-plated zinc | Plain | Coat of Arms, "Singapore" in 4 official languages | Value and Vanda 'Miss Joaquim' | 28 September 1987 |
5 cents | 16.75 mm | 1.22 mm | 1.56 g | Aluminium bronze | Reeded | Coat of Arms, "Singapore" in 4 official languages | Value and Monstera deliciosa | 2 December 1985 |
10 cents | 18.50 mm | 1.38 mm | 2.60 g | Cupronickel | Reeded | Coat of Arms, "Singapore" in 4 official languages | Value and Jasminum multiflorum | 2 December 1985 |
20 cents | 21.36 mm | 1.72 mm | 4.50 g | Value and Calliandra surinamensis | ||||
50 cents | 24.66 mm | 2.06 mm | 7.29 g | Reeded | Value and Allamanda cathartica | 2 December 1985 | ||
50 cents | Inscribed "Republic of Singapore" and the lion symbol | 28 May 1990 | ||||||
$1 | 22.40 mm | 2.40 mm | 6.30 g | Aluminium bronze | Inscribed "Republic of Singapore" and the lion symbol | Coat of Arms, "Singapore" in 4 official languages | Value and Lochnera rosea | 28 September 1987 |
For table standards, see the coin specification table. |
On 21 February 2013, the Monetary Authority of Singapore announced a new series of coins in denominations 5, 10, 20, 50 cents and 1 dollar, which went into circulation on 26 June 2013, featuring Singapore's national icons and landmarks. The coins are struck on a multi-ply plated steel planchet used by the Royal Canadian Mint and comes with enhanced features to differentiate from fakes. The coins also feature new designs, the one dollar, now a Bi-Metallic coin will feature the Merlion, the fifty cent coin featuring the Port of Singapore, the twenty cent coin depicts the Changi International Airport, the ten-cent coin featuring public housing and the five-cent coin featuring the Esplanade.[10][11]
Third Series (Iconic series) (2013–present) [5] | ||||||||
---|---|---|---|---|---|---|---|---|
Value | Technical parameters | Description | Date of issue | |||||
Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | ||
5 cents | 16.75 mm | 1.22 mm | 1.70 g | Brass-plated steel | Plain | Coat of arms of Singapore, "Singapore" in 4 official languages | Value and The Esplanade | 26 June 2013 |
10 cents | 18.50 mm | 1.38 mm | 2.36 g | Nickel-plated steel | Interrupted and reeded | Coat of arms of Singapore, "Singapore" in 4 official languages | Value and Public Housing | 26 June 2013 |
20 cents | 21 mm | 1.72 mm | 3.85 g | Nickel-plated steel | Reeded | Coat of arms of Singapore, "Singapore" in 4 official languages | Value and Changi International Airport | 26 June 2013 |
50 cents | 23 mm | 2.45 mm | 6.56 g | Nickel-plated steel | Micro scalloped | Coat of arms of Singapore, "Singapore" in 4 official languages | Value and Port of Singapore | 26 June 2013 |
1 dollar | 24.69 mm | 2.50 mm | 7.62 g | Bi-metallic plating consisting of a brass-plated ring with a nickel-plated centre plug | Reeded | Coat of arms of Singapore, "Singapore" in 4 official languages | Value, The Merlion and a laser mark micro engraving of the Vanda Miss Joaquim | 26 June 2013 |
Note:
- 6.71 million 1 cent coins are in circulation as of 1 December 2011, but have not been issued since 2003.
Banknotes
Orchid series
The Orchid Series of currency notes is the earliest to be in for circulation in Singapore. Issued in the years 1967 to 1976, it has nine denominations: $1, $5, $10, $25, $50, $100, $500, $1000, and $10,000.
Each note has an orchid design in the centre of the note's front, the orchid being the national flower of Singapore. A scene of Singapore is depicted on the back, which varies across denominations. Standard on each note, is the Coat of Arms, a lion head watermark, and the signature of the Minister for Finance and chairman of the board of Commissioners of Currency, Singapore, on the front of the note. As an added security feature, all notes have at least one vertically embedded security thread, while the $10,000 note has two.
1st Series – Orchid Series (1967–1976) [6] | |||||||||
---|---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Main Colour | Description | Date of issue | Printer | |||
Obverse | Reverse | Obverse | Reverse | Watermark | |||||
[7] | [8] | $1 | 121 × 64 mm | Dark blue | Vanda Janet Kaneali | Blocks of flats in a housing estate | Lion's head | 12 June 1967 | BWC |
[9] | [10] | $5 | 127 × 71 mm | Green | Vanda T.M.A. | A busy scene on the Singapore River | |||
[11] | [12] | $10 | 133 × 79 mm | Red | Dendrobium Marjorie Ho "Tony Pek" | 4-clasped hands on a background of a map of Singapore | TDLR | ||
[13] | [14] | $25 | 140 × 79 mm | Brown | Renanthopsis Aurora | Supreme Court Building | 7 August 1972 | ||
[15] | [16] | $50 | 146 × 87 mm | Blue | Vanda Rothscildiana "Teo Choo Hong" | Clifford Pier | 12 June 1967 | ||
[17] | [18] | $100 | 159 × 95 mm | Mid-Blue and mauve | Cattleya | A peaceful scene along the Singapore Waterfront | BWC | ||
[19] | [20] | $500 | 160 × 96 mm | Green | Dendrobium Shangri-La | Government Office at Saint Andrew's Road | 7 August 1972 | TDLR | |
[21] | [22] | $1000 | 159 × 95 mm | Mauve and dark grey | Dendrobium Kimiyo Kondo "Chay" | Victoria Theatre & Empress Place | 12 June 1967 | ||
[23] | [24] | $10,000 | 203 × 133 mm | Green | Aranda Majulah | The Istana | 29 January 1973 | ||
For table standards, see the banknote specification table. |
Bird series
The Bird Series of currency notes is the second set of notes to be issued for circulation in Singapore. Issued in the years 1976 to 1984, it has nine denominations, the same number as in the Orchid Series, albeit the $25 note was replaced by the $20 note.
Each note features a bird on the left side of the note's front, a theme selected to represent a young Singapore "ever ready to take flight to greater heights". Standard on each note, is the Coat of Arms, a lion head watermark, and the signature of the Minister for Finance and chairman of the board of Commissioners of Currency, Singapore, on the front of the note. As an added security feature, all notes have a vertically embedded security thread, while the $1,000 and $10,000 notes have two.
2nd Series – Bird Series (1976–1984) [25] | |||||||||
---|---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Main Colour | Description | Date of issue | ||||
Obverse | Reverse | Obverse | Reverse | Watermark | |||||
[26] | [27] | $1 | 125 mm x 63 mm | Blue | Black-naped Tern | National Day Parade | Lion's head | 6 August 1976 | |
[28] | [29] | $5 | 133 mm x 66 mm | Green | Red-whiskered Bulbul | Cable cars and aerial view of the harbour | |||
[30] | [31] | $10 | 141 mm x 69 mm | Red | White-collared Kingfisher | Garden city with high rise public housing in background | |||
[32] | [33] | $20 | 149 mm x 72 mm | Brown | Yellow-breasted Sunbird | Singapore Changi International Airport with the Concorde in the foreground | 6 August 1979 | ||
[34] | [35] | $50 | 157 mm x 75 mm | Blue | White-rumped Shama | School band on parade | 6 August 1976 | ||
[36] | [37] | $100 | 165 mm x 78 mm | Blue | Blue-throated Bee-eater | Dancers of various ethnic groups | 1 February 1977 | ||
[38] | [39] | $500 | 181 mm x 84 mm | Green | Black-naped Oriole | Oil Refinery | |||
[40] | [41] | $1000 | 197 mm x 90 mm | Purple | Brahminy Kite | Container terminal | 7 August 1978 | ||
[42] | [43] | $10,000 | 203 mm × 133 mm | Green | White-bellied Sea-Eagle | 2-scenes of the Singapore River | 1 February 1980 | ||
For table standards, see the banknote specification table. |
Ship series
The Ship Series of currency notes is the third set of notes to be issued for circulation in Singapore. Issued in the years 1984 to 1999, it retains the number of denominations as was in the previous two series of notes, but switches the $20 note for the $2 one.
A maritime theme to reflect Singapore's maritime heritage was adopted, and progressively shows across the various denominations, the different kinds of ships which have plied Singapore's waters as the country developed. These vignettes are located on the front of the note. On the back, various scenes depicting Singapore's achievements are shown, as well as an orchid, to symbolise the country's national flower.
Standard on each note, is the Coat of Arms, a lion head watermark, and the signature of the Minister for Finance and chairman of the board of Commissioners of Currency, Singapore, on the front of the note. As an added security feature, all notes have a vertically embedded security thread.
3rd Series – Ship Series (1984–1999) [44] | |||||||||
---|---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Main Colour | Description | Date of issue | ||||
Obverse | Reverse | Obverse | Reverse | Watermark | |||||
[45] | [46] | $1 | 125 mm x 63 mm | Blue | "Sha Chuan" | Sentosa Satellite Earth Station | Lion's head | 12 January 1987 | |
[47] | [48] | $2 | 133 mm x 63 mm | Red | "Tongkang" | Chinese people participating in Chinese New Year | 28 January 1991 | ||
[49] | [50] | $2 | Purple | 16 December 1991 | |||||
[51] | [52] | $5 | 133 mm x 66 mm | Green | "Twakow" | View of the Port of Singapore Authority Container terminal | 21 August 1989 | ||
[53] | [54] | $10 | 141 mm x 69 mm | Red | Barter trading vessel "Palari" | View of Public Housing | 1 March 1988 | ||
[55] | [56] | $50 | 156 mm x 74 mm | Blue | Coaster vessel "Perak" | Bird's-eye view of Benjamin Sheares Bridge | 9 March 1987 | ||
[57] | [58] | $100 | 165 mm x 78 mm | Brown | Passenger liner "Chusan" | Bird's-eye view of Singapore Changi International Airport by the fleet Singapore Airlines (B747-400) | 1 August 1985 | ||
[59] | [60] | $500 | 175 mm x 83 mm | Green | General cargo vessel "Neptune Sardonyx" | Group of men & women from the 3-services of the Armed Forces & the Civil Defence Force with the outline map of Singapore in the background | 1 March 1988 | ||
[61] | [62] | $1000 | 185 mm x 88 mm | Purple | Container ship "Neptune Garnet" and two container quay cranes | Bird's-eye view of a shipyard | 22 October 1984 | ||
[63] | [64] | $10,000 | 195 mm x 93 mm | Red | General bulk carrier "Neptune Canopus" | 1987 National Day Parade | 21 August 1989 | ||
For table standards, see the banknote specification table. |
The latest (portrait) series
The current Portrait series was introduced in 1999, with the 1 and 500-dollar denominations omitted. These notes feature the face of Yusof bin Ishak, the first president of the Republic of Singapore, on the obverse, and the reverse depicts a feature of civic virtue. There are both paper and polymer notes in circulation. The designs of the polymer notes are very similar to the corresponding paper note except for the slightly slippery feel and a small transparent window design in the corner of the banknote. Polymer notes are progressively replacing the paper banknotes in circulation. The notes also have Braille patterns at the top right-hand corner of the front design.
4th Series – Portrait Series (1999–present) [65] | |||||||||
---|---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Main Colour | Description | Date of issue | Status | Material | ||
Obverse | Reverse | Obverse | Reverse | ||||||
$2 | $2 | $2 | 126 × 63 mm | Violet | President Yusof bin Ishak, Money Cowrie | Education | 9 September 1999 | Circulation | Paper |
$2 | $2 | 12 January 2006 | Polymer | ||||||
$5 | $5 | $5 | 133 × 66 mm | Green | President Yusof bin Ishak, Gold-Ringed Cowrie | Garden City | 9 September 1999 | Paper | |
$5 | $5 | 18 May 2007 | Polymer | ||||||
$10 | $10 | $10 | 141 × 69 mm | Red | President Yusof bin Ishak, Wandering Cowrie | Sports | 9 September 1999 | Paper | |
$10 | $10 | 4 May 2004 | Polymer | ||||||
$50 | $50 | $50 | 156 × 74 mm | Blue | President Yusof bin Ishak, Cylindrical Cowrie | Arts | 9 September 1999 | Paper | |
$100 | $100 | $100 | 162 × 77 mm | Orange | President Yusof bin Ishak, Swallow Cowrie | Youth | Paper | ||
$1000 | $1000 | $1000 | 170 × 83 mm | Purple | President Yusof bin Ishak, Beautiful Cowrie | Government | Paper | ||
$10000 | $10,000 | 180 × 90 mm | Brown | President Yusof bin Ishak, Onyx Cowrie | Science | Paper |
The S$10,000 and B$10,000 note are the world's most valuable banknotes (that are officially in circulation).[12] As of August 2011, it is worth over seven times as much as the next most valuable, the 1000 Swiss franc note. On 2 July 2014, the Monetary Authority of Singapore announced that it would stop printing $10,000 notes starting from 1 October 2014, to reduce the risk of money laundering. Singapore has now officially stopped producing the S$10,000 banknote and has thus begun the process of withdrawing it from active circulation. This is a trend in many countries like Canada withdrawing the C$1000 banknotes last decade and the European Central Bank announced in 4 May 2016 that they will stop the production and issuance of the 500 Euro banknote.[13] The MAS said that the notes will likely remain legal tender until all the notes slowly get returned as they get damaged.[14]
Commemorative banknotes
Commemorative banknotes are also released, usually in limited quantities. The first commemorative banknote was released on 24 July 1990 to celebrate the 25th anniversary of Singapore's independence. Of the 5.1 million $50 polymer banknotes issued, 300,000 came with an overprint of the anniversary date "9 August 1990". This $50 note was the first commemorative note issued by the Board of Commissioners of Currency, Singapore (BCCS) and was also the first polymer banknote in the history of Singapore's currency. In addition, the $50 note was the first note designed in Singapore by a Singapore artist.
On 8 December 1999, to celebrate the coming 2000 millennium, 3 million $2 millennium notes were circulated. The note is similar to the $2 portrait series, except that the prefix of the serial number is replaced with a Millennium 2000 logo. These millennium notes are printed on paper as polymer notes were not introduced yet then.
On 27 June 2007, to commemorate 40 years of currency agreement with Brunei, a commemorative S$20 note was launched; the back is identical to the Bruneian $20 note launched simultaneously.[15] A circulation version of the $20 note can be exchanged at banks in Singapore beginning 16 July 2007, limited to two pieces per transaction.
On August 18, 2015, to commemorate Singapore's 50 years of nation-building, the Monetary Authority of Singapore launched a set of six commemorative notes. These commemorative notes comprise five S$10 polymer notes and a S$50 note. The note design's draw inspiration from significant milestones and achievements in Singapore's history, the multiracialism that defines the nation and the values and aspirations that underpin Singapore's progress. The front of both the $50 and $10 notes feature a portrait of Yusof Ishak, Singapore's first president, as in the current Portrait series notes. [16]
The $50 note highlights Singapore's history, transformation and future. It shows the late Prime Minister of Singapore, Lee Kuan Yew, shouting "Merdeka!" - the rallying cry of Singapore's independence struggle. The note makes distinctive use of the colour gold, reflecting Singapore's Golden Jubilee.
The five $10 notes have a common front design and varying back designs depicting the theme 'Vibrant Nation, Endearing Home'. Each note reflects a value or aspiration that defines the theme: 'Caring Community, Active Citizenry', 'Opportunities for All', 'Safe and Secure', 'Strong Families' and '...regardless of race, language or religion...'. [17]
Singapore commemorative banknotes [66] | ||||||||
---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Main Colour | Description | Date of issue | Material | ||
Obverse | Reverse | Obverse | Reverse | |||||
$20 | $20 | $20 | 145 × 69 mm | yellow/brown | President Yusof bin Ishak, "Dendrobium Puan Noor Aishah" orchid | Text reading "BRUNEI DARUSSALAM ∙ SINGAPORE and CURRENCY INTERCHANGEABILITY AGREEMENT 1967 – 2007" and national landmarks of Singapore and Brunei. | 27 June 2007 | Polymer |
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table. |
Current SGD exchange rates | |
---|---|
From Google Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD MYR INR CNY |
From Yahoo! Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD MYR INR CNY |
From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD MYR INR CNY |
From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD MYR INR CNY |
See also
References
- ^ Monetary Authority of Singapore. "The Currency Interchangeability Agreement". Retrieved 23 October 2012.
- ^ a b c d e f g h "The Currency History of Singapore". Monetary Authority of Singapore. 9 April 2007. Retrieved 28 December 2007.
Official Currencies of The Straits Settlements (1826–1939); Currencies of the Board of Commissioners of Currency, Malaya (1939–1951); Currencies of the Board of Commissioners of Currency, Malaya and British Borneo (1952–1957); Currencies of the Independent Malaya (1957 -1963); On 12 June 1967, the currency union which had been operating for 29 years came to an end, and the three participating countries, Malaysia, Singapore and Brunei each issued its own currency. The currencies of the 3 countries were interchangeable at par value under the Interchangeability Agreement until 8 May 1973 when the Malaysian government decided to terminate it. Brunei and Singapore however continue with the Agreement until the present day.
- ^ Low Siang Kok, Director (Quality), Board of Commissioners of Currency, Singapore. "Chapter 6: Singapore Electronic Legal Tender (SELT) – A Proposed Concept". The Future of Money / Organisation for Economic Co-operation and Development (PDF). France: OECD Publications. p. 147. ISBN 92-64-19672-2. Retrieved 28 December 2007.
The Board of Commissioners of Currency, Singapore (BCCS) was established on 7 April 1967 by the enactment of the Currency Act (Chapter 69). It has the sole right to issue currency notes and coins as legal tender in Singapore.
{{cite book}}
: CS1 maint: multiple names: authors list (link) - ^ Linzmayer, Owen (2012). "Singapore". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
- ^ http://www.mas.gov.sg/~/media/Currency/CIC.xls
- ^ http://www.mas.gov.sg/currency.aspx
- ^ International Economics – Historical Exchange Rate Regime of Asian Countries The Chinese University of Hong Kong, Copyright 2000. Retrieved 15 August 2008.
- ^ http://statutes.agc.gov.sg/aol/search/display/view.w3p;page=0;query=DocId%3Ab657047e-066c-4c8a-8e5b-2e96ab706aec%20Depth%3A0;rec=0;resUrl=http%3A%2F%2Fstatutes.agc.gov.sg%2Faol%2Fbrowse%2FtitleResults.w3p%3Bletter%3DC%3BpNum%3D2%3Btype%3DactsAll;whole=yes
- ^ Monetary Authority of Singapore – Official Foreign Reserves page Last official data as of 2014-08-13
- ^ Singapore 2013 – New coin family World Coin News (worldcoinnews.blogspot.com). 21 February 2013. Retrieved on 21 February 2013.
- ^ The new coins of Singapore Monetary Authority of Singapore (www.mas.gov.sg). Retrieved on 21 February 2013.
- ^ PARITY DEMOCRACY and MONEY: Annual Meetings Paper 11, COUNCIL for PARITY DEMOCRACY. Retrieved 18 November 2012.
- ^ [1]
- ^ [2]
- ^ "Commemorating the 40th Anniversary the Currency Interchangeability Agreement" (Press release). Monetary Authority of Singapore. 27 June 2007. Retrieved 22 April 2010.
- ^ http://www.straitstimes.com/singapore/spelling-error-on-commemorative-note-packaging-should-never-have-happened-mas-managing
- ^ Commemorative Notes to Celebrate SG50 Monetary Authority of Singapore (www.mas.gov.sg). Retrieved on 2015-08-18.
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
External links
Preceded by: Malaya and British Borneo dollar Reason: Independence Ratio: at par |
Currency of Singapore, Brunei 1967 – Concurrent with: Brunei dollar |
Succeeded by: Current |