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Encyclopedia > Singapore dollar
Singapore dollar
新加坡元 (Chinese)
Dolar Singapura (Malay)
சிங்கப்பூர் வெள்ளி (Tamil)
Circulating notes and coins of the Singapore dollar
ISO 4217 Code SGD
User(s) Singapore, Brunei
Inflation 1%
Source The World Factbook, 2006 est.
Pegged by Brunei dollar at par
Subunit
1/100 cent
Symbol S$
Nickname Sing
Coins
Freq. used 10, 20, 50 cents, $1
Rarely used 1, 5 cents
Banknotes $2, $5, $10, $50, $100, $1000, $10000
Monetary authority Monetary Authority of Singapore
Website www.mas.gov.sg
Mint Singapore Mint
Website www.singaporemint.com
SGD redirects here. For other uses see SGD (disambiguation)

The dollar (currency code SGD) is the 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. Image File history File links SGcurrency. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... ISO 4217 Code BND User(s) Brunei, Singapore Inflation 0. ... A two-cent euro coin A United States penny, or 1¢ In currency, the cent is a monetary unit that equals 1/100 of the basic unit of value. ... $ The dollar sign ($) is a symbol primarily used to indicate a unit of currency. ... Monetary authority is a generic term in finance and economics for the entity which controls the money supply of a given currency, and has the right to set interest rates, and other parameters which control the cost and availability of money. ... The Monetary Authority of Singapore is Singapores central bank. ... A mint is a facility which manufactures coins for currency. ... SGD can mean: Singapore dollar Suns Secure Global Desktop Saccharomyces Genome Database This is a disambiguation page: a list of articles associated with the same title. ... $ The dollar sign ($) is a symbol primarily used to indicate a unit of currency. ... United States one-dollar bill Canadian one-dollar coin (Loonie) One New Taiwan dollar Australian one-dollar coin 500 old Zimbabwean dollars The dollar (often represented by the dollar sign: $) is the name of the official currency in several countries, dependencies and other regions. ... A two-cent euro coin A United States penny, or 1¢ In currency, the cent is a monetary unit that equals 1/100 of the basic unit of value. ...

Contents

History

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 a central Board of Commissioners of Currency. 1845 was a common year starting on Wednesday (see link for calendar). ... 1939 (MCMXXXIX) was a common year starting on Sunday (link will display full year calendar). ... The Straits dollar was the currency used in the British colonies and protectorates in Malaya and Borneo, including the Straits Settlements. ... The Malayan dollar was the currency of the British colonies and protectorates in Malaya and Borneo. ... The Malaya and British Borneo dollar was the currency of Malaya, Singapore, Sarawak, British North Borneo and Brunei from 1953 to 1967. ...


Singapore continued to use the common currency upon joining Malaysia in 1963 but, 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 dollar was exchangeable at par with the Malaysian ringgit until 1973. Interchangeability with the Brunei dollar is still maintained. Consequently, the dollar was initially pegged to the British pound at a rate of 60 dollars = 7 pounds. 1963 (MCMLXIII) was a common year starting on Tuesday (the link is to a full 1963 calendar). ... 1965 (MCMLXV) was a common year starting on Friday (the link is to a full 1965 calendar). ... April 7 is the 97th day of the year in the Gregorian calendar (98th in leap years). ... 1967 (MCMLXVII) was a common year starting on Sunday of the Gregorian calendar (the link is to a full 1967 calendar). ... ISO 4217 Code MYR User(s) Malaysia Inflation 2. ... 1973 (MCMLXXIII) was a common year starting on Monday. ... ISO 4217 Code BND User(s) Brunei, Singapore Inflation 0. ... For details of notes and coins, see British coinage and British banknotes. ...


The Board of Commissioners of Currency, Singapore, was dissolved on October 1, 2002 and its functions, property and liabilities had been transferred to the Monetary Authority of Singapore. October 1 is the 274th day of the year (275th in leap years) in the Gregorian calendar. ... For album titles with the same name, see 2002 (album). ... The Monetary Authority of Singapore is Singapores central bank. ...


Current status

The Singapore dollar is a freely convertible currency which is allowed to float according to supply and demand on the foreign exchange market, but it is monitored by the Monetary Authority of Singapore against a trade-weighted basket of currencies. The currencies involved are not publicised to protect the currency against speculative attacks and other unusual pressures on its value. A floating exchange rate or a flexible exchange rate is a type of exchange rate regime wherein a currencys value is allowed to fluctuate according to the foreign exchange market. ... The Monetary Authority of Singapore is Singapores central bank. ...


Since the Asian financial crisis, various countries like People's Republic of China have adopted Singapore's managed float system. The Asian financial crisis was a financial crisis that started in July 1997 in Thailand and affected currencies, stock markets, and other asset prices in several Asian countries, many considered East Asian Tigers. ...


Before the crisis 1 USD was worth approximately 1.4, falling to 1.8 SGD. As of March 16, 2007, 1 USD is worth approximately 1.52520 SGD. The Brunei dollar is pegged to the Singapore dollar at 1:1 rate [1], and the other's currency is accepted as "customary tender", but not legal tender, in both countries. March 16 is the 75th day of the year in the Gregorian calendar (76th in leap years). ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the CE era. ... ISO 4217 Code BND User(s) Brunei, Singapore Inflation 0. ... Pegged is an adjective used to describe: a pegged currency, more formally called a fixed currency a pegged exchange rate, more formally called a fixed exchange rate This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ...


Coins

In 1967, the first series of coins was introduced in denominations of 1, 5, 10, 20 and 50 cents and 1 dollar. Except for the bronze 1 cent, these coins were struck in cupro-nickel. In 1985, a second series of coins was introduced in the same denominations. The sizes of the coins were reduced (most substantially for the larger denominations) and the 5 cents was struck in aluminium-bronze. In 1987, the 1 dollar coin was further reduced in size and switched to being struck in aluminium-bronze.


The current series of coins feature the Coat of Arms of Singapore on the obverse, and a floral theme on the reverse. This article does not cite its references or sources. ... Coat of Arms of Singapore The national coat of arms (or state crest) was first launched on December 3, 1959 together with the national flag and national anthem at the installation of the Yang di-Pertuan Negara at the City Hall steps. ...

Currently Circulating Coins [2]
Value Technical parameters Description Date of issue
Diameter Thickness Mass Composition Edge Obverse Reverse
1 cent 15.9 mm 1.1 mm 1.24 g Copper-plated zinc Plain Coat of Arms, "Singapore" in 4 official languages Value, Vanda Miss Joaquim September 28, 1987
5 cents 16.75 mm 1.22 mm 1.56 g Aluminium bronze Reeded Coat of Arms, "Singapore" in 4 official languages Value, Monstera deliciosa December 2, 1985
10 cents 18.5 mm 1.38 mm 2.6 g Cupronickel Reeded Coat of Arms, "Singapore" in 4 official languages Value, Jasminum multiflorum December 2, 1985
20 cents 21.36 mm 1.72 mm 4.5 g Value, Calliandra surinamensis
50 cents 24.66 mm 2.06 mm 7.29 g Reeded Value, Allamanda Cathartica December 2, 1985
50 cents Inscribed "REPUBLIC OF SINGAPORE" and the lion symbol May 28, 1990
$1 22.40 mm 2.4 mm 6.3 g Aluminium bronze Inscribed "REPUBLIC OF SINGAPORE" and the lion symbol Coat of Arms, "Singapore" in 4 official languages Value, Lochnera rosea September 28, 1987
For table standards, see the coin specification table.

Note: General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic pinkish red Standard atomic weight 63. ... General Name, Symbol, Number zinc, Zn, 30 Chemical series transition metals Group, Period, Block 12, 4, d Appearance bluish pale gray Standard atomic weight 65. ... Coat of Arms of Singapore The national coat of arms (or state crest) was first launched on December 3, 1959 together with the national flag and national anthem at the installation of the Yang di-Pertuan Negara at the City Hall steps. ... // Origin Vanda Miss Joaquim, a hybrid orchid cultivar, is Singapores national flower. ... September 28 is the 271st day of the year (272nd in leap years) in the Gregorian calendar. ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ... Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper. ... Coat of Arms of Singapore The national coat of arms (or state crest) was first launched on December 3, 1959 together with the national flag and national anthem at the installation of the Yang di-Pertuan Negara at the City Hall steps. ... Binomial name Monstera deliciosa Monstera deliciosa (also called ceriman, monstereo, Swiss Cheese Plant, Mexican breadfruit, window leaf, and splitleaf philodendron) is a tropical creeping vine native to Mexico and Guatemala, known for its delicious but initially poisonous fruit. ... December 2 is the 336th day (337th in leap years) of the year in the Gregorian calendar. ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... Cupronickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. ... Coat of Arms of Singapore The national coat of arms (or state crest) was first launched on December 3, 1959 together with the national flag and national anthem at the installation of the Yang di-Pertuan Negara at the City Hall steps. ... Jasminum. ... December 2 is the 336th day (337th in leap years) of the year in the Gregorian calendar. ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... Species See text Calliandra is a genus in the Fabaceae family (Mimosoideae). ... |- style=text-align:center; background:lightgreen; !Species |- | style=padding: 0 . ... December 2 is the 336th day (337th in leap years) of the year in the Gregorian calendar. ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... May 28 is the 148th day of the year in the Gregorian calendar (149th in leap years). ... MCMXC redirects here; for the Enigma album, see MCMXC a. ... Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper. ... Coat of Arms of Singapore The national coat of arms (or state crest) was first launched on December 3, 1959 together with the national flag and national anthem at the installation of the Yang di-Pertuan Negara at the City Hall steps. ... Genera See Taxonomy and Genera. ... September 28 is the 271st day of the year (272nd in leap years) in the Gregorian calendar. ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ...

  • The 1 cent coin is currently being decirculated.
  • 1 dollar notes exist but currently are rarely used.
  • 5 dollar coins exist but do not circulate.

Banknotes

An ship series $1 note (obverse)
An ship series $1 note (obverse)
An ship series $1 note (reverse)
An ship series $1 note (reverse)

On June 12, 1967, the first series of notes, known as the Orchid series, was introduced in denominations of 1, 5, 10,50, 100 and 1000 dollars. 25 and 500 dollars notes were introduced in 1972, followed by 10,000 dollars in 1973. Between 1976 and 1980, the Bird series was introduced, including a 20 dollar note introduced in 1979. This series did not include a 25 dollar note. The Ship series was introduced between 1985 and 1989 in the same denominations except for the absence of a 20 dollars note. Notes for 2 dollars were introduced in 1990. Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2048 × 1536 pixel, file size: 653 KB, MIME type: image/jpeg) Picture taken by User:Syed Ahmad Al-Joofri. ... Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2048 × 1536 pixel, file size: 653 KB, MIME type: image/jpeg) Picture taken by User:Syed Ahmad Al-Joofri. ... Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2048 × 1536 pixel, file size: 644 KB, MIME type: image/jpeg) Picture taken by User:Syed Ahmad Al-Joofri. ... Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2048 × 1536 pixel, file size: 644 KB, MIME type: image/jpeg) Picture taken by User:Syed Ahmad Al-Joofri. ... June 12 is the 163rd day of the year in the Gregorian calendar (164th in leap years), with 202 days remaining. ... 1967 (MCMLXVII) was a common year starting on Sunday of the Gregorian calendar (the link is to a full 1967 calendar). ... The Orchid Series of currency notes is the earliest to be issued for circulation in Singapore. ... The Bird Series of currency notes is the second set of notes to be issued for circulation in Singapore. ... The Ship Series of currency notes is the third set of notes to be issued for circulation in Singapore. ...


The current Portrait series was introduced in 1999, with the 1 and 500 dollars denominations omitted. These notes feature the face of Encik 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 that in circulation. The design 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. The Portrait Series of currency notes is the fourth and most current set of notes to be issued for circulation in Singapore, having been first introduced in 1999 to the present. ... Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ...

4th Series - Portrait series (1999-TO-DATE) [3]
Image Value Dimensions Main Colour Description Date of issue Material
Obverse Reverse Watermark
[4] $2 126 × 63 mm Purple Encik Yusof bin Ishak, Money Cowrie Education Encik Yusof bin Ishak September 9, 1999 Paper
January 12, 2006 Polymer

[5] The Portrait Series of currency notes is the fourth and most current set of notes to be issued for circulation in Singapore, having been first introduced in 1999 to the present. ... Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ... Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ... September 9 is the 252nd day of the year (253rd in leap years). ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... January 12 is the 12th day of the year in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ...

$5 133 × 66 mm Green Encik Yusof bin Ishak, Gold-Ringed Cowrie Garden City September 9, 1999 Paper
May 18, 2007 Polymer

[6] Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ... September 9 is the 252nd day of the year (253rd in leap years). ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... May 18 is the 138th day of the year in the Gregorian calendar (139th in leap years). ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the CE era. ...

$10 141 × 69 mm Red Encik Yusof bin Ishak, Wandering Cowrie Sports September 9, 1999 Paper
May 4, 2004 Polymer
[7] $50 156 × 74 mm Blue Encik Yusof bin Ishak, Cylindrical Cowrie Arts September 9, 1999 Paper
[8] $100 162 × 77 mm Orange Encik Yusof bin Ishak, Swallow Cowrie Youth
[9] $1000 170 × 83 mm Purple Encik Yusof bin Ishak, Beautiful Cowrie Government
[10] $10,000 180 × 90 mm Gold Encik Yusof bin Ishak, Onyx Cowrie Economics
For table standards, see the banknote specification table.
Current SGD exchange rates
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Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ... September 9 is the 252nd day of the year (253rd in leap years). ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... May 4 is the 124th day of the year in the Gregorian calendar (125th in leap years). ... shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ... September 9 is the 252nd day of the year (253rd in leap years). ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ... Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ... Encik Yusof bin Ishak (August 12, 1910 - November 23, 1971) was an eminent Singaporean politician. ...

Trivia

A Singapore $1 coin inscribed with an octagon

The one dollar coin is inscribed with an octagon, which looks like a ba gua, a Chinese lucky charm. Feng Shui masters are believed to have said that the construction of MRT tunnels through downtown Singapore would have an adverse effect; they recommended that every household display a bagua to negate this. Bearing in mind that there were many locals who did not adhere to this Chinese belief, this was not possible. Thus the design of the one dollar coin. Image File history File links Singaporedollar. ... Image File history File links Singaporedollar. ... It has been suggested that Bagua Map be merged into this article or section. ... Fēng Shuǐ (風水 – literally, wind and water pronounced fung shuway), which may be more than 3000 years old, is the ancient practice of placement to achieve harmony with the environment. ... The name Mass Rapid Transit is used by the following specific metro systems, either as an official name or otherwise: the Mass Rapid Transit system in Singapore. ...


See also

The Economy of Singapore is a highly developed and successful free market economy in which the state plays a major role. ...

References

  • Chester L. Krause & Clifford Mishler (1991). in Colin R. Bruce II: Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1. 
  • Albert Pick (1994). in Neil Shafer & Colin R. Bruce II: Standard Catalog of World Paper Money, General Issues, 7th ed., Krause Publications. ISBN 0-87341-207-9. 

External links

  • Don's World Coin Gallery - Singapore
  • Ron Wise's World Paper Money - Singapore Mirror site
  • Tables of Modern Monetary Systems by Kurt Schuler - Asia Mirror site
  • The Global History of Currencies - Singapore
  • Global Financial Data data series - Singapore Dollar
  • Global Financial Data currency histories table ( Microsoft Excel format)
  • Monetary Authority of Singapore Exchange Policy
  • Will's Online World Paper Money Gallery - Images of banknotes from around the world including a large collection of banknotes from Singapore
Preceded by:
Malaya and British Borneo dollar
Reason: Independence
Ratio: at par
Currency of Singapore, Brunei
1967
Concurrent with: Brunei dollar
Succeeded by:
Current

  Results from FactBites:
 
Singapore dollar: Information from Answers.com (640 words)
Singapore established the Board of Commissioners of Currency, Singapore, on April 7, 1967 and released its first series of notes, the "Orchid" notes, on June 12, 1967.
The Singapore dollar is a freely convertible currency which is allowed to float according to supply and demand on the foreign exchange market, but it is monitored by the Monetary Authority of Singapore against a trade-weighted basket of currencies.
The Brunei dollar is pegged to the Singapore dollar at 1:1 rate [1], and the other's currency is accepted as "customary tender", but not legal tender, in both countries.
Singapore: Map, History and Much More from Answers.com (5733 words)
Singapore is a republic with one legislative house; its chief of state is the president, and the head of government is the prime minister.
Singapore, formally the Republic of Singapore (Malay: Republik Singapura; Chinese: 新加坡共和国, Pinyin: Xīnjiāpō Gònghéguó; Tamil: சிங்கப்பூர் குடியரசு, Ciŋkappūr Kudiyarasu), is an island city-state and the smallest country in Southeast Asia.
Singapore was expelled from the federation on 7 August 1965 after heated ideological conflict developed between the state government formed by PAP and the Federal government in Kuala Lumpur.
  More results at FactBites »

 
 

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