The currency of Singapore is the Singapore dollar, symbolised as “SGD” or “$”. It is divided into 100 cents.
The Singapore dollar is issued by the Monetary Authority of Singapore (MAS), which is the country’s central bank. The currency has been in use since 1967, replacing the Malaysian dollar after Singapore gained independence from Malaysia.
The Singapore dollar is widely accepted in Singapore and is also accepted in many parts of Southeast Asia due to its stability and convertibility. The currency is also widely traded internationally, making it an important currency in global finance.
Banknotes of the Singapore dollar come in denominations of $2, $5, $10, $50, $100, $1,000 and $10,000, while coins come in denominations of 1, 5, 10, 20, and 50 cents, as well as $1. Singapore banknotes feature various national symbols, such as the Merlion, a mythical creature with the head of a lion and the body of a fish that is a symbol of Singapore.