Singapore dollar
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and coins of the Singapore dollar.
"SGD" redirects here. For other uses, see SGD (disambiguation).
Dolar Singapura (Malay)
新加坡元 (Chinese)
சிங்கப்பூர் வெள்ளி (Tamil)
SGD (numeric: 702)
0.01
dollars
$, S$
sing-dollar, sing
$_$_$DEEZ_NUTS#1__answer--5DEEZ_NUTS$_$_$
$_$_$DEEZ_NUTS#1__answer--7DEEZ_NUTS$_$_$
cents
$_$_$DEEZ_NUTS#1__answer--9DEEZ_NUTS$_$_$
c
$_$_$DEEZ_NUTS#1__answer--11DEEZ_NUTS$_$_$
$2, $5, $10, $50, $100
$1, $20, $25, $500 (discontinued, still legal tender); $1,000 (discontinued, still legal tender), $10,000 (discontinued, still legal tender)
$_$_$DEEZ_NUTS#1__answer--14DEEZ_NUTS$_$_$
5c, 10c, 20c, 50c, $1
1c (discontinued in 2002 , still legal tender)
12 June 1967
0.6% at January 2017
Brunei dollar at par
新加坡元
Xīnjiāpō yuán
Xīnjiāpō yuán
Hsin1-chia1-po1 yüan3
Dolar/Ringgit Singapura
சிங்கப்பூர் வெள்ளி
As of 2022, the Singapore dollar is the 10th most-traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam).[1] Likewise, the Brunei dollar is also customarily accepted in Singapore.[2]
Currency in circulation[edit]
As of 2012, the total currency in circulation was S$57.278 billion.[6] All issued Singapore currency in circulation (notes and coins) are fully backed by external assets in its Currency Fund to maintain public confidence.[7][8] Such external assets consists of all or any of the following:[9] (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.
In 2017, the government, in the second reading of the Monetary Authority of Singapore (Amendment) Bill 2017, announced that the Currency Fund will be merged with other funds of the MAS, because the currency in circulation is effectively backed by the full financial strength and assets of MAS, which is much larger than the Currency Fund. As at 31 March 2017, MAS's assets (S$395 billion) were more than seven times larger than the assets of the Currency Fund (S$55 billion). The proposed amendment will merge the Currency Fund with the other funds of MAS and streamline MAS's operations. The Government has said that its support for the currency in circulation, as set out in the Currency Act, remains unchanged.[10]
Singapore's foreign reserves officially stood at over US$288.2 billion, as of July 2022 according to the MAS.[11]
Banknotes[edit]
Orchid series 1967[edit]
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, $1,000, 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 BCCS, 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.