Currency Information on Singapore Dollar - SGD— Singapore dollar – S$
The currency of Singapore is the Singapore dollar, they symbol for this is prefixed with an ‘S’ to differentiate it from other currencies using dollar denominations. The Straits dollar was in use in Singapore between 1845 and 1939, until the Malayan dollar replaced it.
In 1965, Singapore was expelled and gained independence from Malaysia, leading to a breakdown of the monetary union between them, and Singapore began issuing its own currency in 1967. The Malaysian ringgit and the Singapore dollar were exchangeable at a 1:1 ratio until 1973, and interchangeability between the Singapore dollar and the Brunei dollar is still ongoing.
1 cent coins are sometimes using in banks for exchange purposes, but it is no longer issued. 5, 10, 20 and 50 cent coins, along with $1 coins are in circulation. Banknotes in denominations of 2, 5, 10, 50, 100, 500 and 1000 dollars are issued and seen frequently in circulation, but the $10,000 banknotes is rarely used.
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