In , the government, in the second reading of the Monetary Authority of Singapore Amendment Bill , 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. View of Public Housing.
These vignettes are located on the front of the note. On the back, various scenes depicting Singapore's achievements are shown, as well as an orchid , to symbolise the country's national flower.
As an added security feature, all notes have a vertically embedded security thread. The current Portrait series was introduced in , with the one- and dollar denominations omitted. These notes feature the face of 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 in circulation. The designs 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.
Polymer notes are progressively replacing the paper banknotes in circulation. The notes also have Braille patterns at the top right-hand corner of the front design. Commemorative banknotes are also released, usually in limited quantities. The first commemorative banknote was released on 24 July to celebrate the 25th anniversary of Singapore's independence.
These millennium notes are printed on paper as polymer notes were not introduced yet then. On August 18, , to commemorate Singapore's 50 years of nation-building, the Monetary Authority of Singapore launched a set of six commemorative notes. The note design's draw inspiration from significant milestones and achievements in Singapore's history, the multiracialism that defines the nation and the values and aspirations that underpin Singapore's progress. The note makes distinctive use of the colour gold, reflecting Singapore's Golden Jubilee.
Each note reflects a value or aspiration that defines the theme: From Wikipedia, the free encyclopedia. For other uses, see SGD disambiguation. Singapore Portrait Series currency notes.
Triennial Central Bank Survey. Bank for International Settlements. Retrieved 22 March Retrieved 23 October Monetary Authority of Singapore. Archived from the original on 2 February Retrieved 28 December Official Currencies of The Straits Settlements — ; Currencies of the Board of Commissioners of Currency, Malaya — ; Currencies of the Board of Commissioners of Currency, Malaya and British Borneo — ; Currencies of the Independent Malaya ; On 12 June , the currency union which had been operating for 29 years came to an end, and the three participating countries, Malaysia, Singapore and Brunei each issued its own currency.
The currencies of the 3 countries were interchangeable at par value under the Interchangeability Agreement until 8 May when the Malaysian government decided to terminate it. Brunei and Singapore however continue with the Agreement until the present day.
It has the sole right to issue currency notes and coins as legal tender in Singapore. Retrieved 15 August Retrieved on 21 February Retrieved 18 November Archived from the original on 14 July Retrieved 12 July Archived from the original on 3 July Retrieved 22 April Standard Catalog of World Coins: Standard Catalog of World Paper Money: Bruce II and Neil Shafer editors 7th ed.
Early history pre— Founding of modern Singapore — Straits Settlements — Japanese occupation — British Military Administration — Post-war Singapore — Self-governance of Singapore — Merger with Malaysia — Republic of Singapore — present.
Currencies named dollar or similar. Chinese yuan Ethiopian birr Malaysian ringgit. Eurodollar Petrodollar Geary—Khamis dollar.
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Real GDP growth is strong. It contracted slightly in because of the global financial crisis, but has since rebounded on the strength of renewed exports. History Singapore used the Straits Dollar from and Singapore used this common currency until the monetary union between Malaysia, Singapore and Brunei broke down in Singapore became independent in , and issued its first coins and notes on April 7, The Singapore dollar remained at par with the Malaysian Ringgit until
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