Official currency of Singapore / From Wikipedia, the free encyclopedia
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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.
|Code||SGD (numeric: 702)|
|Freq. used||$2, $5, $10, $50, $100|
|Rarely used||$1, $20, $25, $500, $1,000, $10,000 (discontinued, still legal tender)|
|Freq. used||5c, 10c, 20c, 50c, $1|
|Rarely used||1c (discontinued, still legal tender)|
|Date of introduction||12 June 1967; 55 years ago (1967-06-12)|
|Replaced||Malaya and British Borneo dollar|
|Monetary authority||Monetary Authority of Singapore|
|Inflation||0.6% at January 2017|
|Pegged by||Brunei dollar at par|
As of 2019, the Singapore dollar is the 13th-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). Likewise, the Brunei dollar is also customarily accepted in Singapore.