Singapore dollar
Worldwide use:
- Singapore
- Brunei
Description:
The Singapore Dollar, or the Sing as it is sometimes known, is the official currency of Singapore. Its rate is monitored by the Monetary Authority of Singapore. The currency's subunit is Cents, with 100 Cents to a Dollar. The coins come in denominations of 1, 5, 10, 20, 50 Cents and $1 and $5 Dollar coins. Notes come in $2, $5, $10, $20, $25, $50, $100, $1000 and $10000 bills.
The Singapore Dollar can be used in Brunei and the Brunei Dollar can be used in Singapore. This is due to the Currency Interchangeability Agreement established in 1967.
Origin:
Singapore was founded in 1819 as a British trading colony. In the early part of the nineteenth century the most common currency used was the Spanish Dollar. From 1845–1939 as a result of the "Straits Settlement" the Straits Dollar was issued and traded alongside the various other currencies that were legal tender in the colony, like the Mexican and Hong Kong Dollar. The Straits Dollar was replaced by the Malayan Dollar in 1939. Singapore became independent in 1963 and issued its first coins and notes in April 1967.
Component units:
- cents (100)
Date introduced:
- 1967
Central bank:
- Monetary Authority of Singapore
Printer:
Mint:
- Singapore Mint
