Tuesday, August 25, 2009

Singapore Dollar

The Singapore dollar or Dollar (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.

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 the Board of Commissioners of Currency, Malaya and British Borneo. 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, and interchangeability with the Brunei dollar is still maintained.

Coins
Frequently used :S$0.1, S$0.2, S$0.5, S$1
Rarely used :S$0.01, S$0.05

- S$0.01 : Obverse = Coat of Arms, "Singapore" in 4 official languages
Reverse = Value, Vanda Miss Joaquim
- S$0.05 : Obverse = Coat of Arms, "Singapore" in 4 official languages
Reverse = Value, Monstera deliciosa
- S$0.1 : Obverse = Coat of Arms, "Singapore" in 4 official languages
Reverse = Value, Jasminum Multiflorum
- S$0.2 : Obverse = Coat of Arms, "Singapore" in 4 official languages
Reverse = Value, Calliandra surinamensis
- S$0.5 : Obverse = Coat of Arms, "Singapore" in 4 official languages
Reverse = Value, Allamenda cathartica
- S$1 : Obverse = Coat of Arms, "Singapore" in 4 official languages
Reverse =Value, Lochnera rosea

 


Banknotes
Frequently used :S$2, S$5, S$10, S$50, S$100
Rarely used : S$1,000, S$10,000

- S$2 : Obverse = President Yusof bin Ishak, Money Cowrie
Reverse = Education
- S$5 : Obverse = President Yusof bin Ishak, Gold-Ringed Cowrie
Reverse = Garden City
- S$10 : Obverse = President Yusof bin Ishak, Wandering Cowrie
Reverse = Sports
- S$50 : Obverse = President Yusof bin Ishak, Cylindrical Cowrie
Reverse = Arts
- S$100 : Obverse =  President Yusof bin Ishak, Swallow Cowrie
Reverse = Youth
- S$1,000 : Obverse =  President Yusof bin Ishak, Beautiful Cowrie
Reverse = Government
- S$10,000 : Obverse =  President Yusof bin Ishak, Onyx Cowrie
Reverse = Economics


The S$10,000 note is one of the world's most valuable banknote (that is officially in circulation).

 

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