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What is SGD?

Picture: SGD.

What is SGD? It's currency, Singapore dollar, S$.

Coins and notes as Singapore currency.

Singapore currency - all coins and notes.

SGD as Singapore dollar

The Singapore dollar or just dollar is the official currency of Singapore. The currency of Singapore is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies. Singapore dollar is divided into 100 cents. Singapore dollar is used both in Singapore, and in Brunei alongside wirh Brunei dollar. The Singapore dollar is accepted as "customary tender" in Brunei according to the Currency Interchangeability Agreement. Likewise, the Brunei dollar is customarily accepted in Singapore. According to the Merrypenny Currency Converter the most popular conversion rate is Singapore dollar to US dollar.

Currency fact sheet

Singapore currency fact sheet.
Name Singapore dollar
ISO 4217 code SGD
Sign, symbol S$
Coin 1, 5, 10, 20, 50 cents, $1, $5
Banknote $2, $5, $10, $20, $25, $50, $100, $1000, $10,000
Central bank Monetary Authority of Singapore

More about...

More about the Singapore money.

Between 1845 and 1939, Singapore used the Straits dollar. This was replaced by the Malayan dollar, and from 1953, the Malaya and British Borneo dollar, which were issued by the Board of Commissioners of Currency. Singapore continued to use the common currency upon joining Malaysia in 1963, but only two years after Singapore's expulsion and independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down. Singapore established the Board of Commissioners of Currency, Singapore, on April 7, 1967 and issued its first coins and notes. Nevertheless, the Singapore currency was exchangeable at par with the Malaysian ringgit until 1973, and interchangeability with the Brunei dollar is still maintained.

A detail of a Singapore 50 cent coin.

New series of coins will be issued by the Singapore Bank in the middle of this year.

Picture: Singapore money leaves to the sea.

Money laundering is a significant issue.

Flowers on a Singapore dollar.

The Singapore dollar strengthened slightly on Friday.

Exchange rates

What is Singapore dollar exchange rate today?

Singapore bank

The Monetary Authority of Singapore is the central bank of Singapore. The mission of MAS is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.

As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore's exchange rate, foreign reserves and liquidity in the banking sector. Central bank of Singapore is also an integrated supervisor overseeing all financial institutions in country - banks, insurers, capital market intermediaries, financial advisors, and the stock exchange. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore's financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. In addition, it spearheads retail investor education. MAS ensures that Singapore's financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial centre.

History of Singapore's central bank. Prior to 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 an act leading to the formation of The Monetary Authority of Singapore on 1 January 1971 with aim to regulate the financial services sector in Singapore.

Google for more about the Singapore dollar and currency.

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