Country ISO code: SG

Official languages: English, Malay, Mandarin Chinese, Tamil

Language ISO codes: en (English), ms (Malay), zh (Mandarin), ta (Tamil)

Current official currency: Singapore Dollar

Currency ISO code: SGD

Complete Financial History of the Republic of Singapore

Current official currency: Singapore Dollar (S$)

• ISO code: SGD

• Symbols: S$, SGD

• Singular name: Dollar

• Plural name: Dollars

• Monetary subdivision: 1 Dollar = 100 Cents

• Fraction singular name: Cent

• Fraction plural name: Cents

• Initial production date: 1967 (first issuance of Singapore Dollar after independence)

• Final production date: Still in circulation

• Initial circulation date: 1967

• Final circulation date: Still in circulation

• Mint: Singapore Mint (historically), currently notes and coins produced by various contracted mints and printers internationally

• Issuing bank: Monetary Authority of Singapore (MAS)

Coin denominations

• 1 Cent

• 5 Cents

• 10 Cents

• 20 Cents

• 50 Cents

• 1 Dollar

• 2 Dollars (commemorative and special issues)

Banknote denominations

• 2 Dollars

• 5 Dollars

• 10 Dollars

• 50 Dollars

• 100 Dollars

• 1,000 Dollars

• 10,000 Dollars (rare, for interbank use)

Economic and historical context

• Singapore used the Malayan Dollar under British rule and the Malaysian currency briefly after independence.

• In 1967, Singapore introduced its own currency, the Singapore Dollar, managed by the Monetary Authority of Singapore.

• The currency is freely convertible and managed under a managed float exchange rate system.

• Singapore Dollar is a major regional currency and widely accepted in international trade and finance.

Minting and production locations

• Coins and banknotes are produced by contracted mints and printing companies internationally, including the Royal Mint (UK), De La Rue (UK), and others.

• Singapore Mint historically produced coins but ceased operations; current coins are minted abroad.

Designs and symbols on coins and banknotes

• Coins feature national symbols such as the Merlion, orchids, and other flora and fauna of Singapore.

• Banknotes depict Singapore's leaders, cultural heritage, and iconic landmarks like Marina Bay Sands and the Esplanade.

• Banknotes include security features such as watermarks, security threads, and holograms.

Production volumes, honorees, and seals

• MAS periodically issues commemorative coins and notes celebrating national milestones and events.

• Honorees include founding leaders like Lee Kuan Yew and national symbols.

Commemorative coins and curiosities

• Singapore issues commemorative coins for National Day, SG50 (50 years of independence), and other significant events.

Current circulation status

• Singapore Dollar is the sole legal tender in Singapore and is actively circulated throughout the country.

Issuing authority

• Monetary Authority of Singapore (MAS)

Relevant monetary legislation

• Currency issuance and regulation are governed by the Monetary Authority of Singapore Act and related financial laws.

Names and titles of banknote signatories

• Banknotes bear the signatures of the Chairman of MAS and the Minister for Finance.

Persons honored on coins and banknotes

• Founding Prime Minister Lee Kuan Yew and other national leaders are featured on banknotes and commemorative coins.

Official languages recognized by the state for administrative, legislative, judicial, monetary, and educational use:
English, Malay, Mandarin Chinese, and Tamil are the four official languages of Singapore, used respectively in administration, legislation, judiciary, finance, and education to reflect the country's multicultural society.