Singapore Dollars

The Singapore dollar is the official currency is Singapore. It is symbolized by the dollar sign ($), or by an “S$” when being spoken of in conjunction with other dollar-denominated currencies. Much like the Australian dollar and the US dollar, the Singapore dollar is broken up into 100 cents.

The Singapore dollar is used by both Singapore and Brunei, is pegged by the Brunei dollar at par, and is nicknamed the “sing”. It uses both banknotes and coins in trading and everyday financial transactions, and these are denominated as follows.

For banknotes, the Singapore dollar currency includes frequently used 2 dollar notes, 5 dollar notes, 10 dollar notes, 50 dollar notes, 100 dollar notes, and 1,000 dollar notes. Rarely used banknotes consist of the 20 dollar note, and the 10,000 dollar note. For coins, the denominations are 5 cent, 10 cent, 20 cent, 50 cent, and 1 dollar coins.

The monetary authority for the Singapore dollar is the Monetary Authority of Singapore, and the coins are minted by the Singapore Mint. The coins are made up of several different materials, including bronze, copper clad steel, cupro-nickel, cupro nickel clad in steel, and aluminum. Of the popular coins in circulation, some of the 1 cent coins were issued back in 1967, while others were released back in 1976. The 5 cent coins were also issued on two different dates, some being in 1967, and others in 1971.

Most of the coins were minted and issued in 1967, mostly due to the breakdown between the monetary union that existed between Brunei, Singapore, and Malaysia. The Board of Commissioners of Currency were brought together in Singapore at this point to discuss the problem and come  up with a solution, and the result was the minting and printing of several coins and banknotes in the Singapore dollar system.

On almost all of the Singapore coin’s obverse sides is printed the value of the coin, and the year it was minted. On the obverse side, however, the designs vary by coin. The depictions include a snake bird, a seahorse, a swordfish, a lionfish, and even a lion, among others. The banknotes follow suit. On the front, they all have the coat of arms and say “Singapore” on them in four different languages. However, depictions on the back of the notes vary, from Jasminum Multiflorum, to Allamanda Cathartica, even to Lochnera rosea.

The external sites discussed on the homepage can not only help convert British pounds to US dollars, but also Singapore dollars to pounds, Euros, or any other currency.