Singapore dollar coin

Singapore dollar coin DEFAULT

IT LOOKS like a ring, but is actually a new $1 coin with its middle dislodged.

Barely a month since the launch of Singapore's latest series of coins, several pictures of $1coins with a hole have been circulating online, leaving some to wonder how it could happen.

Only with extreme force, said the Monetary Authority of Singapore (MAS) yesterday, adding that it was an offence to mutilate coins, and that the matter was being investigated by police.

So far, The Straits Times has found three different pictures of a $1 coin with the middle missing, indicating that this may not be an isolated issue.

The user who submitted one picture of a broken coin to citizen journalism website Stomp asked: "Is this even possible? The coin's middle literally just came out."

Account associate Rachel Lee, 23, did not think bare hands are enough to produce the force needed. She made an attempt after seeing a picture of a mutilated coin on Facebook, but failed. "I tried to do it but it is not possible," she said. "I don't think the centre of the coin will just dislodge by itself if you use it normally."

The new $1 coin, launched on June 25 as part of a new series, is the only one with a bi-metallic design. The gold part on the outside is brass-plated, while the silver centre is nickel-plated.

In a statement, MAS said that its Third Series coins had "undergone stringent tests before circulation". The $1 coin, in particular, had "gone through numerous tests to ensure the durability of its bi-metallic components".

On Wednesday, MAS posted a warning against damaging coins on a Facebook page it set up to promote the new coins.

It also urged the public to call 6349-4670 or 6349-4615, if they were aware of any deliberate acts of currency mutilation.

Under the Currency Act, a person who mutilates or destroys any Singapore dollar notes or coins may be fined up to $2,000.

[email protected]

Sours: https://www.straitstimes.com/singapore/photos-online-show-hole-in-new-1-coin

1 Dollar

1 Dollar -  obverse1 Dollar -  reverse

© didi83

Features

IssuerSingapore
Period Republic (1967-date)
Type Standard circulation coin
Years 2013-2018
Value1 Dollar
1 SGD = UAH 20
CurrencyDollar (1967-date)
CompositionBimetallic: nickel plated steel center in brass plated steel ring
Weight7.62 g
Diameter24.65 mm
Thickness2.5 mm
ShapeRound
TechniqueMilled
OrientationMedal alignment ↑↑
NumberN# 42898

Numista (https://numista.com)

ReferencesKM# 314

Obverse

Emblem with date underneath and 'Singapore' on four sides in English, Tamil, Chinese, and Malay.

Scripts: Chinese, Latin, Malayalam, Tamil

Lettering:
SINGAPURA
சிங்கப்பூர் 新加坡
2013
SINGAPORE

Translation: Singapore

Engraver:Christopher Ironside

Christopher Ironside FSIA 1970, OBE 1971, FRBS 1977 was an English painter and coin designer, particularly known for the reverse sides of the new British coins issued on decimalisation in 1971.

Reverse

Lion-head motif, the Merlion, and denomination

Script: Latin

Lettering:
1
DOLLAR

Engraver: Fabian Lim

Edge

Reeded

1 Dollar -  obverse

© Cyrillius

Mint

Royal Canadian Mint, Winnipeg, Canada

Comments

Reverse:  Lion-head motif, the Merlion and a laser mark micro engraving of the Vanda Miss Joaquim Orchid Flower

See also

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DateGVGFVFXFAUUNCFrequency
Undetermined
2013 362224214170%
2014 2021283621%
2015 202312%
2016 1926232715%
2017 312110%
2018 0.9%

Values in the table above are expressed in UAH. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this coin. Since some users own several versions, the sum may be greater than 100%.

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

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Singapore dollar

The Singapore dollar is the legal tender of Singapore. It is divided into 100 cents and its ISO 4217 code is SGD. It is usually abbreviated using the dollar symbol and adding the letter S to differentiate it from other dollars.

Origins and history of the Singapore Dollar

Between 1845 and 1939 Singapore used the dollar of the Strait, this was replaced by the Malay dollar and since 1953, the Malaysian dollar and Borneo.

In Singapore, the common currency continued to be used until it was integrated into Malaysia in 1963, but two years later it became independent and the monetary union with Malaysia and Brunei was separated. On April 7, 1976, Singapore established a Monetary Council and issued the first coins and notes.

At the beginning, the Singapore dollar was fixed at the pound sterling with an exchange rate of 60 SGD = 7 GBP. This rate was maintained until the decimalization of all currencies based on the pound sterling in the early 70's.

On October 1, 2002 the Monetary Council of Singapore was dissolved, and its functions and powers were assumed by the Monetary Authority of Singapore.

Singapore fixed its definitive exchange rate to a basket of currencies between 1973 and 1985. From 1985 onwards, Singapore adopted a market system based on the currency exchange regime, in which the Singapore dollar had the property of being a currency fluctuated, but strongly controlled by the Monetary Authority of Singapore in comparison with the other currencies with which Singapore carried out exchanges.

Singapore dollar banknotes and coins

Currently, tickets of 2, 5, 10, 20, 50, 100, 1,000 and 10,000 dollars are in circulation.

As for the coins, they circulate of 1, 5, 10, 20, 50 cents and 1 dollar.

 

 

 

Did you know?

  • In 1967, the first series of banknotes that were known as the "Orchid Series" were issued.
  • Except for particular occasions, in general in Singapore you will pay with credit cards. But do not forget to bring some SGDs.
Sours: https://www.globocambio.co/en/currencies-of-the-world/singapore-dollar
Singapore 1 dollar 1995 Coin Value Update

Circulation Currency: Coins

To facilitate identification by the visually-impaired, the following features have been incorporated:

  • Progressive sizing by denomination, with the 5-cent coin being the smallest and 1-dollar coin being the largest, to allow users to recognise the coins more intuitively.
  • Tactile features such as the different edge patterns on each denomination of the new coins: micro scalloped edge pattern for the 50-cent, milled edging for the 1-dollar and 20-cent, interrupted milled edge pattern for the 10-cent, and plain edging for the 5-cent.
  • Higher relief at the rim of the 1-dollar coin; the 1-dollar coin retains its octagonal frame.
  • A circle of beads along the rim of the 50-cent coin.

The Third Series coins are minted on multi-ply plated steel, comprising a steel core electroplated with three layers of metals – nickel over copper over nickel for silver-coloured coins (i.e. 10-cent, 20-cent, 50-cent and the inner circle of the 1-dollar coin); brass over copper over nickel for gold-coloured coins (i.e. 5-cent and the outer ring of the 1-dollar coin). As with all copper-based materials, brass will lose its shine when it oxidises. Oxidation is a natural process and the rate at which the coin oxidises depends on its handling and the elements it has been exposed to.

The tarnishing of the coin does not diminish its value or change its electromagnetic signature (used by most coin-operated machines to identify and authenticate coins). They will continue to be accepted at banks and automated coin handling machines. Coins that are unfit for recirculation will be removed.

New security features were incorporated into the coin series, to stay ahead of counterfeiters and maintain confidence in the use of the country’s currency. The security features include a customised electromagnetic signature (EMS) for each denomination; and for the $1 coin, a bi-metallic composition (outer ring is brass-plated and inner circle is nickel-plated) and laser mark micro-engraving of the Vanda Miss Joaquim, the national flower of Singapore.

The Third Series coins were presented the finalist award for the 2013 Best New Circulation Coin or Series in the Currency Awards by the International Association of Currency Affairs (IACA). The award recognises excellence in currency issue, and was voted by IACA members comprising issuing authorities and currency suppliers such as printers and mints.

The Third Series micro-site was awarded the “Best in Class – Banking category” in the 2013 Interactive Media Awards (IMA), organised by the Interactive Media Council Inc. (a non-profit organisation comprising web-related professionals). The Best in Class award is the highest honour in the IMA and represents the highest standards of professionalism, standards compliance and planning and execution in website design and development.

Sours: https://www.mas.gov.sg/currency/Singapores-Circulation-Currency-Coins

Coin singapore dollar

Singapore dollar

Official currency of Singapore

"SGD" redirects here. For other uses, see SGD (disambiguation).

Singapore dollar
$2$2$5$5

$10$10$50$50

$100$100$1000$1000

$10000$10000
CodeSGD
Number702
Exponent2
Subunit
 1⁄100cent
 1⁄1000mil
Pluraldollars
 centcents
 milmils
Symbol$, S$
 cent¢
 mil
NicknameSing-dollar, Sing
Banknotes
 Freq. used$2, $5, $10, $50, $100
 Rarely used$1, $20, $25, $500 (discontinued, still legal tender); $1,000, $10,000 (never circulated publicly; only used for intragovernmental transactions)
Coins
 Freq. used5¢, 10¢, 20¢, 50¢, $1
 Rarely used1¢ (discontinued, still legal tender)
Date of introduction12 June 1967; 54 years ago (1967-06-12)
ReplacedMalaya and British Borneo dollar
User(s) Singapore
Monetary authorityMonetary Authority of Singapore
 Websitewww.mas.gov.sg
MintSingapore Mint
 Websitewww.singaporemint.com
Inflation0.6% at January 2017
Pegged byBrunei dollar at par

The Singapore dollar (sign: S$; code: SGD) is the official currency of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign$, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore issues the banknotes and coins of the Singapore dollar.

As of 2019, the Singapore dollar is the thirteenth-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]

History[edit]

10 dollar note, Oriental Bank Corporation, Singapore, 1885. On display at the British Museum in London

The Spanish-American silver dollar brought over by the Manila galleons was in wide circulation in Asia and the Americas from the 16th to 19th centuries. From 1845 to 1939 the Straits Settlements (of which Singapore used to be part of) issued its local equivalent, the Straits dollar.[3] This was replaced by the Malayan dollar,[3] and, from 1953, the Malaya and British Borneo dollar, which were issued by the Board of Commissioners of Currency, Malaya and British Borneo.[3]

Singapore continued to use the common currency upon joining Malaysia in 1963,[3] but only two years after Singapore's expulsion and independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down.[3] Singapore established the Board of Commissioners of Currency, Singapore, on 7 April 1967[4] and issued its first coins and notes.[3] Nevertheless, the Singapore dollar was exchangeable at par with the Malaysian ringgit until 1973,[3] and interchangeability with the Brunei dollar is still maintained.[3]

Initially, the Singapore dollar was pegged to the pound sterling at a rate of two shillings and four pence to the dollar, or S$60 = £7, working out to 8.57 dollars to the pound sterling. This peg lasted until the demise of the Sterling Area due to the Nixon Shock in the early 1970s, after which the Singaporean dollar was linked to the US dollar for a short time. As Singapore's economy grew and its trade links diversified to many other countries and regions, Singapore moved towards pegging its currency against a fixed and undisclosed trade-weighted basket of currencies from 1973 to 1985.

Before 1970, the various monetary functions associated with a central bank were performed by several government departments and agencies. As Singapore progressed, the demands of an increasingly complex banking and monetary environment necessitated streamlining the functions to facilitate the development of a more dynamic and coherent policy on monetary matters. Therefore, the Parliament of Singapore passed the Monetary Authority of Singapore Act in 1970, leading to the formation of MAS on 1 January 1971. The MAS Act gave the MAS the authority to regulate all elements of monetary, banking, and financial aspects of Singapore.

From 1985 onwards, Singapore adopted a more market-oriented exchange regime, classified as a Monitoring Band, in which the Singapore dollar is allowed to float (within an undisclosed bandwidth of a central parity) but closely monitored by the Monetary Authority of Singapore (MAS) against a concealed basket of currencies of Singapore's major trading partners and competitors. This, in theory, allows the Singaporean government to have more control over imported inflation and to ensure that Singapore's exports remain competitive.

On 1 October 2002, the Board of Commissioners of Currency Singapore (BCCS) merged with the Monetary Authority of Singapore (MAS), which took over the responsibility of banknote issuance.[5]

Currency in circulation[edit]

As of 2012, the total currency in circulation was S$29.1 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$260.7 billion, as of April 2017 according to the MAS.[11]

Coins[edit]

In 1967, the first series of coins was introduced in denominations of 1, 5, 10, 20 and 50 cents and 1 dollar. These coins depicted wildlife and other images relating to the island nation and were designed by Stuart Devlin, the same artist credited for the 1966 designs on Australia's decimal coin series. The sizes were the same as those used for the Malaysian ringgit and based directly off the old coinage of the former Malaya and British Borneo dollar. The 1-cent coin was bronze while the other denominations were copper-nickel. Later, in 1976, the 1-cent coin was changed to copper-clad steel. The production of the first series was phased out by 1985.

First Series (Marine Series) (1967–1985) [1]
ValueTechnical parametersDescriptionDate of issue
DiameterThicknessMassCompositionEdgeObverseReverse
1 cent17.78 mm1.118 mm1.940 gBronzePlainA high-rise public housing block with a fountain in front and clouds in the backgroundValue and Year12 June 1967
1.744 gCopper-clad steel1976
5 cents16.26 mm1.02 mm1.410 gCupro-nickelMilledA snake-bird sitting in its nest and preening its feathers.Value and Year12 June 1967
1.260 gCupro-nickel clad steel
5 cents (FAO)21.23 mm1.27 mm1.240 gAluminiumA fish and the phrases "INCREASE PRODUCTION" and "MORE FOOD FROM THE SEA."1971
10 cents19.41 mm1.40 mm2.83 gCupro-nickelA seahorse with a stylised piece of seaweed.12 June 1967
20 cents23.60 mm1.78 mm5.66 gA swordfish against a background symbolising water.
50 cents27.76 mm2.03 mm9.33 gA lionfish from tropical waters.
$124.65 mm2.39 mm16.85 gA stylised Singapore lion symbol flanked by two stalks of paddy.
For table standards, see the coin specification table.

In 1985, the second series of coins were introduced in denominations of 1, 5, 10, 20 and 50 cents and 1 dollar. The reverse of these coins were designed by Christopher Ironside. The new series offered smaller coins depicting a floral theme. One-dollar banknotes were discontinued and gradually replaced with an aluminium-bronze coin. The 5-cent coin was also changed to aluminum-bronze while the 10, 20, and 50 cents remained copper-nickel. Limited numbers of commemorative bimetallic 5-dollar coins with scalloped edges were also periodically issued later during this series. This series is still in circulation. The 1 cent coin was taken out of circulation in 2004.

On 21 February 2013, the Monetary Authority of Singapore announced a new series of coins in denominations of 5, 10, 20, 50 cents and 1 dollar, which went into circulation on 25 June 2013, featuring Singapore's national icons and landmarks. The coins are struck on a multi-ply plated-steel planchet used by the Royal Canadian Mint and comes with enhanced features to differentiate from fakes. The coins also feature new designs, the one-dollar, now a bi-metallic coin featuring the Merlion, the fifty cents coin featuring the Port of Singapore, the twenty-cent coin depicts Changi International Airport, the ten-cent coin featuring public housing and the five-cent coin featuring the Esplanade.[12]

Third Series (Iconic series) (2013–present) [2]
ValueTechnical parametersDescriptionDate of issue
DiameterThicknessMassCompositionEdgeObverseReverse
5 cents16.75 mm1.22 mm1.70 gMulti-ply brass-plated steelPlainCoat of arms of Singapore, "Singapore" in 4 official languagesValue and The Esplanade26 June 2013
10 cents18.50 mm1.38 mm2.36 gMulti-ply nickel-plated steelAlternating plain and reededCoat of arms of Singapore, "Singapore" in 4 official languagesValue and Public Housing26 June 2013
20 cents21.00 mm1.72 mm3.85 gReededValue and Changi International Airport
50 cents23.00 mm2.45 mm6.56 gMicro scallopedValue and Port of Singapore
1 dollar24.65 mm2.50 mm7.62 gBi-metallic plating consisting of a brass-plated ring with a nickel-plated centre plugReededValue, The Merlion and a laser mark micro engraving of the Vanda Miss Joaquim

Banknotes[edit]

Orchid series[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 board of Commissioners of Currency, Singapore, 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.

1st Series – Orchid Series (1967–1976) [3]
ImageValueDimensionsMain ColourDescriptionDate of issuePrinter
ObverseReverseObverseReverseWatermark
[4][5]$1 121 mm × 64 mm Dark blue Vanda Janet Kaneali Blocks of flats in a housing estateLion's head12 June 1967 BWC
[6][7]$5 127 mm × 71 mm Green Vanda T.M.A. A busy scene on the Singapore River
[8][9]$10 133 mm × 79 mm Red Dendrobium Marjorie Ho "Tony Pek" 4 clasped hands on a background of a map of Singapore TDLR
[10][11]$25 140 mm × 79 mm Brown Renanthopsis Aurora Supreme Court Building7 August 1972
[12][13]$50 146 mm × 87 mm Blue Vanda Rothscildiana "Teo Choo Hong" Clifford Pier12 June 1967
[14][15]$100 159 mm × 95 mm Mid-blue and mauve Cattleya A peaceful scene along the Singapore Waterfront BWC
[16][17]$500 160 mm × 96 mm Green Dendrobium Shangri-La Government Office at Saint Andrew's Road 7 August 1972 TDLR
[18][19]$1,000 159 mm × 95 mm Mauve and dark grey Dendrobium Kimiyo Kondo "Chay" Victoria Theatre & Empress Place12 June 1967
[20][21]$10,000 203 mm × 133 mm Green Aranda Majulah The Istana29 January 1973
For table standards, see the banknote specification table.

Bird series[edit]

The Bird Series of currency notes is the second set of notes to be issued for circulation in Singapore. Issued in the years 1976 to 1984, it has nine denominations, the same number as in the Orchid Series, albeit the $25 note was replaced by the $20 note.

Each note features a bird on the left side of the note's front, a theme selected to represent a young Singapore "ever ready to take flight to greater heights". 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 board of Commissioners of Currency, Singapore, on the front of the note. As an added security feature, all notes have a vertically embedded security thread, while the $1,000 and $10,000 notes have two.

Ship series[edit]

An example of a Singapore $1 note printed with The Ship Series
Singapore $1 note showing a picture of a satellite station on the reverse side

The Ship Series of currency notes is the third set of notes to be issued for circulation in Singapore. Issued in the years 1984 to 1999, it retains the number of denominations as was in the previous two series of notes, but switches the $20 note for the $2 one.

A maritime theme to reflect Singapore's maritime heritage was adopted, and progressively shows across the various denominations, the different kinds of ships which have plied Singapore's waters as the country developed. 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.

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 board of Commissioners of Currency, Singapore, on the front of the note. As an added security feature, all notes have a vertically embedded security thread.

Portrait series[edit]

Main article: Singapore Portrait Series currency notes

The current Portrait series was introduced in 1999, with the one- and 500-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.

4th Series – Portrait Series (1999–present)[62]
ImageValueDimensionsMain ColourDescriptionDate of issueStatusMaterial
ObverseReverseObverseReverse
$2 126 × 63 mm Violet President Yusof bin Ishak, Money CowrieEducation9 September 1999 Circulation Paper
$2$212 January 2006 Polymer
$5 133 × 66 mm Green President Yusof bin Ishak, Gold-Ringed Cowrie Garden City9 September 1999 Paper
$5$518 May 2007 Polymer
$10 141 × 69 mm Red President Yusof bin Ishak, Wandering Cowrie Sports9 September 1999 Paper
$10$104 May 2004 Polymer
$50$50$50 156 × 74 mm Blue President Yusof bin Ishak, Cylindrical Cowrie Arts9 September 1999 Paper
$100$100$100 162 × 77 mm Orange President Yusof bin Ishak, Swallow Cowrie Youth Paper
$1000$1000$1,000 170 × 83 mm Purple President Yusof bin Ishak, Beautiful Cowrie GovernmentPaper
$10000$10000$10,000 180 × 90 mm Golden President Yusof bin Ishak, Onyx Cowrie EconomicsPaper

The S$10,000 and B$10,000 note are the world's most valuable banknotes (that are officially in circulation).[13] As of August 2011, it is worth over seven times as much as the next most valuable, the 1,000-franc note. On 2 July 2014, the Monetary Authority of Singapore announced that it would stop printing $10,000 notes starting from 1 October 2014, to reduce the risk of money laundering.[14] Singapore has now officially stopped producing the S$10,000 banknote and has thus begun the process of withdrawing it from active circulation. This is a trend in many countries like Canada's withdrawal of the C$1000 banknote the previous decade, European Central Bank's announcement on 4 May 2016 that they would stop the production and issuance of the 500-euro banknote and AMBD's announcement to stop the production and issuance of the B$10,000 (the largest banknote) amid the COVID-19 pandemic.[15] MAS would also stop producing the S$1,000 banknote as well from 1 January 2021 onwards, which has the same reason of withdrawing $10,000 notes and because the demand of these notes is low except for bank account maintenance (currently the notes that are in high demand are $50 and $100 notes).[16] The MAS said that the higher denomination notes (beyond $100) will continue to remain legal tender.[17][16]

Commemorative banknotes[edit]

Commemorative banknotes are also released, usually in limited quantities. The first commemorative banknote was released on 24 July 1990 to celebrate the 25th anniversary of Singapore's independence. Of the 5.1 million $50 polymer banknotes issued, 300,000 came with an overprint of the anniversary date "9 August 1990". This $50 note was the first commemorative note issued by the Board of Commissioners of Currency, Singapore (BCCS) and was also the first polymer banknote in the history of Singapore's currency. In addition, the $50 note was the first note designed in Singapore by a Singapore artist.

On 8 December 1999, to celebrate the coming 2000 millennium, three million $2 millennium notes were circulated. The note is similar to the $2 portrait series, except that the prefix of the serial number is replaced with a Millennium 2000 logo. These millennium notes are printed on paper as polymer notes were not introduced yet then.

On 27 June 2007, to commemorate 40 years of currency agreement with Brunei, a commemorative S$20 note was launched; the back is identical to the Bruneian $20 note launched simultaneously.[18] A circulation version of the $20 note can be exchanged at banks in Singapore beginning 16 July 2007, limited to two pieces per transaction.

On 18 August 2015, to commemorate Singapore's 50 years of nation-building, the Monetary Authority of Singapore launched a set of six commemorative notes. These commemorative notes comprise five S$10 polymer notes and a S$50 note. 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 front of both the $50 and $10 notes feature a portrait of Yusof Ishak, Singapore's first president, as in the current Portrait series notes. [19] The $50 note highlights Singapore's history, transformation and future. It shows the late Prime Minister of Singapore, Lee Kuan Yew, shouting "Merdeka!"—the rallying cry of Singapore's independence struggle. The note makes distinctive use of the colour gold, reflecting Singapore's Golden Jubilee. The five $10 notes have a common front design and varying back designs depicting the theme 'Vibrant Nation, Endearing Home'. Each note reflects a value or aspiration that defines the theme: 'Caring Community, Active Citizenry', 'Opportunities for All', 'Safe and Secure', 'Strong Families' and '...regardless of race, language or religion...'.[19]

In 2017, to commemorate the 50th anniversary of its Currency Interchangeability Agreement between Brunei and Singapore, both the Monetary Authority of Brunei Darussalam and the Monetary Authority of Singapore issued $50 polymer banknotes to commemorate that event.[2]

On 5 June 2019, a $20 note commemorating the Singapore Bicentennial was issued.[20]

Singapore commemorative banknotes[21]
ImageValueDimensionsMain ColourOccasionDescriptionDate of issueMaterialRef.
ObverseReverseObverseReverse
$50 156 × 74 mm Red 25th Anniversary of the Independence of Singapore Optically variable device shows President Yusof bin Ishak, Singapore Harbour in 1861, four blossoms of the "Vanda Miss Joaquim" orchid, Tanjong Pagar container port and some prominent office buildings 1st Parliament of Singapore held on 8 December 1965 and group of multi-racial Singaporeans in jubilant celebration 24 July 1990 Polymer [22]
$25 141 × 79 mm Brown 25th Anniversary of the Monetary Authority of Singapore Monetary Authority of Singapore Building set against a view of Singapore's financial district and scene of the SIMEX trading floor Singapore's financial sector skyline 10 May 1996 Paper [23]
$20 149 × 72 mm Orange 40 Years of the Currency Interchangeability Agreement President Yusof bin Ishak and the "Dendrobium Puan Noor Aishah" orchid The Esplanade, skyline of Singapore's financial district and the Omar Ali Saifuddien Mosque with the Royal Barge and the water village shown 27 June 2007 Polymer [24]
$50 156 × 74 mm Gold SG50: Celebrating Singapore's 50 years of nation-building President Yusof bin Ishak, Prime Minister Lee Kuan Yew and a group of children of different races and gender First National Day Parade 1966 and the Punggol New Town 11 August 2015 Polymer [25]
$10 141 × 69 mm Red President Yusof bin Ishak and the "Vanda Miss Joaquim" orchid "…regardless of race, language or religion…" 11 August 2015 Polymer [25]
$10 141 × 69 mm Red "Opportunities for All" 11 August 2015 Polymer [25]
$10 141 × 69 mm Red "Safe and Secure" 11 August 2015 Polymer [25]
$10 141 × 69 mm Red "Strong Families" 11 August 2015 Polymer [25]
$10 141 × 69 mm Red "Caring Community, Active Citizenry" 11 August 2015 Polymer [25]
$50 158 × 75 mm Gold 50 Years of the Currency Interchangeability Agreement President Yusof bin Ishak, the "Vanda Miss Joaquim" orchid, the "Simpur" flower and the window security feature showing Brunei Darussalam's Istana Nurul Iman and Singapore's IstanaMilitary personnel from the Royal Brunei Armed Forces and the Singapore Armed Forces, students from both countries, Brunei Darussalam's Ulu Temburong National Park and Singapore Botanic Gardens5 July 2017 Polymer [26]
$20 162 × 77 mm Beige-Peach Singapore Bicentennial President Yusof bin Ishak, National Gallery Singapore (former Supreme Court and City Hall) Eight pioneering individuals, namely Munshi Abdullah, Henry Nicholas Ridley, Tan Kah Kee, P. Govindasamy Pillai, Teresa Hsu Chih, Alice Pennefather, Adnan Saidi and Ruth Wong Hie King, portrayed against a backdrop of the Singapore River5 June 2019 Polymer [27]
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Exchange rates[edit]

Exchange rates charts[edit]

SGD/USD exchange rate since 1990
JPY/SGD exchange rate since 1989
SGD/EUR exchange rate since 1999

Current exchange rates[edit]

See also[edit]

Notes[edit]

  1. ^The total sum is 200% because each currency trade always involves a currency pair; one currency is sold (e.g. US$) and another bought (€). Therefore each trade is counted twice, once under the sold currency ($) and once under the bought currency (€). The percentages above are the percent of trades involving that currency regardless of whether it is bought or sold, e.g. the U.S. Dollar is bought or sold in 88% of all trades, whereas the Euro is bought or sold 32% of the time.

References[edit]

Citations[edit]

  1. ^Monetary Authority of Singapore. "The Currency Interchangeability Agreement". Archived from the original on 25 October 2012. Retrieved 23 October 2012.
  2. ^ abCurrency Interchangeability Agreement between Brunei Darussalam and SingaporeArchived 5 July 2017 at the Wayback MachineMonetary Authority of Singapore (www.mas.gov.sg). Retrieved on 2017-07-06.
  3. ^ abcdefgh"The Currency History of Singapore". Monetary Authority of Singapore. 9 April 2007. Archived from the original on 2 February 2010. Retrieved 28 December 2007.
  4. ^Low Siang Kok, Director (Quality), Board of Commissioners of Currency, Singapore. "Chapter 6: Singapore Electronic Legal Tender (SELT) – A Proposed Concept". The Future of Money / Organisation for Economic Co-operation and Development(PDF). France: OECD Publications. p. 147. ISBN . Archived(PDF) from the original on 16 February 2008. Retrieved 28 December 2007. CS1 maint: multiple names: authors list (link)
  5. ^"BCCS Merges with MAS on 1 October 30 September 2002". www.mas.gov.sg. Archived from the original on 19 June 2018. Retrieved 19 June 2018.
  6. ^"Archived copy". Archived from the original on 4 March 2016. Retrieved 6 January 2015.CS1 maint: archived copy as title (link)
  7. ^"Archived copy". Archived from the original on 31 December 2014. Retrieved 6 January 2015.CS1 maint: archived copy as title (link)
  8. ^International Economics – Historical Exchange Rate Regime of Asian CountriesArchived 3 August 2008 at the Wayback Machine The Chinese University of Hong Kong, Copyright 2000. Retrieved 15 August 2008.
  9. ^"Archived copy". Archived from the original on 3 January 2015. Retrieved 6 January 2015.CS1 maint: archived copy as title (link)
  10. ^"Archived copy". Archived from the original on 4 July 2017. Retrieved 6 July 2017.CS1 maint: archived copy as title (link)
  11. ^Monetary Authority of Singapore – Official Foreign Reserves pageArchived 24 August 2014 at the Wayback Machine Last checked 6 July 2017
  12. ^The new coins of SingaporeArchived 24 February 2013 at the Wayback MachineMonetary Authority of Singapore (www.mas.gov.sg). Retrieved on 21 February 2013.
  13. ^PARITY DEMOCRACY and MONEY: Annual Meetings Paper 11Archived 20 February 2012 at the Wayback Machine, COUNCIL for PARITY DEMOCRACY. Retrieved 18 November 2012.
  14. ^Low, Aaron (2 July 2014). "Singapore to stop issuing $10,000 notes to combat money laundering". The Straits Times. Retrieved 7 June 2019.
  15. ^Bank, European Central. "ECB ends production and issuance of €500 banknote". European Central Bank. Archived from the original on 13 July 2016. Retrieved 7 July 2016.
  16. ^ ab"Singapore to stop issuing S$1,000 note to reduce money laundering risk". CNA. Retrieved 9 November 2020.
  17. ^"Archived copy". Archived from the original on 14 July 2014. Retrieved 12 July 2014.CS1 maint: archived copy as title (link)
  18. ^"Commemorating the 40th Anniversary the Currency Interchangeability Agreement" (Press release). Monetary Authority of Singapore. 27 June 2007. Archived from the original on 3 July 2007. Retrieved 22 April 2010.
  19. ^ abCommemorative Notes to Celebrate SG50Archived 20 August 2015 at the Wayback Machine Monetary Authority of Singapore (www.mas.gov.sg). Retrieved on 2015-08-18.
  20. ^"About the Singapore Bicentennial Commemorative Note". Monetary Authority of Singapore. Archived from the original on 23 June 2019. Retrieved 23 June 2019.
  21. ^"Past Commemorative Notes". Monetary Authority of Singapore. Archived from the original on 30 September 2018. Retrieved 11 June 2019.
  22. ^"Currency Notes and Coins (Consolidation) Notification - Singapore Statutes Online". Singapore Statutes Online. Retrieved 11 June 2019.
  23. ^"Currency Notes and Coins (Consolidation) Notification - Singapore Statutes Online". Singapore Statutes Online. Retrieved 11 June 2019.
  24. ^"Denomination and Characteristics of the Currency Note - Singapore Statutes Online". Singapore Statutes Online. Retrieved 11 June 2019.
  25. ^ abcdef"Currency (Denominations and Characteristics of Currency Notes) Notification 2015 - Singapore Statutes Online". Singapore Statutes Online. Retrieved 11 June 2019.
  26. ^"Currency (Denomination and Characteristics of Currency Note) Notification 2017 - Singapore Statutes Online". Singapore Statutes Online. Retrieved 11 June 2019.
  27. ^"Currency (Denomination and Characteristics of Currency Note) Notification 2019 - Singapore Statutes Online". Singapore Statutes Online. Retrieved 11 June 2019.
  28. ^"Triennial Central Bank Survey Foreign exchange turnover in April 2019"(PDF). Bank for International Settlements. 16 September 2019. p. 10. Retrieved 16 September 2019.

Sources[edit]

External links[edit]

Sours: https://en.wikipedia.org/wiki/Singapore_dollar
SINGAPORE 1 DOLLAR COINS VALUE DITO SA PINAS

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