Bring Singapore dollars to Singapore.

The Singapore dollar is the legal tender of Singapore and is marked with S$. One yuan can be subdivided into 10 jiao (also called "mao") or 100 cents. The Singapore dollar can be divided into banknotes and coins. Since 2004, plastic banknotes of 2 yuan, 5 yuan and 10 yuan have been issued.

On August 9, 1965, Singapore was forced to withdraw from the Federation of Malaysia and declared independence. On December 22, the Republic of Singapore was established, but it still used the Malayan and British Borneo dollars. In 1967, the pound devalued, and the original "Malaya and British Borneo Currency Board" stopped issuing Malayan and British Borneo dollars. In the same year, Singapore began to issue its own banknotes, the "Singapore Dollar", which has been used to this day** *Four sets of banknotes are issued.

Singapore dollars can be divided into banknotes and coins. Recently, plastic banknotes have also begun to be issued. As of 2017, the banknotes in circulation in Singapore include: 10,000 yuan, 1,000 yuan, 100 yuan, 50 yuan, 10 yuan, 5 yuan, and 2 yuan denomination banknotes, and other coins include 1 yuan, 50 cents (50 cents), and 20 cents. (2 cents), 10 cents (1 cent), 5 cents and 1 cent coins.

Although the 1-cent coin is still usable, the Singapore government has stopped issuing 1-cent coins. The government’s reasoning for halting the issuance was that there were already enough coins available on the market. Extended information

The history of the development of the Singapore dollar

From 1845 to 1939, Singapore used the "Lat coins" issued by the Straits Settlements as its currency. After 1940, Singapore followed Malaya. Use the Malayan dollar.

During World War II, Singapore used Japanese military notes commonly known as "banana notes" issued by the Japanese military government. After the war, Singapore resumed the use of the Malayan dollar until 1953 when it was replaced by the "Malaya and British colonial currency?" The exchange rate between the Malayan and British Borneo dollars and the Malayan dollar is 1:1.

Singapore was forced to become independent on August 9, 1965, and the Republic of Singapore was established on December 22, but the Malayan and British Borneo dollars were still used. The legal exchange rate at that time was 60 Malaysian dollars equal to 7 pounds.

On April 30, 2008, Myanmar is planning to include the Singapore dollar and the Chinese renminbi as the main settlement currencies for Myanmar’s foreign trade. The newspaper cited sources from the Ministry of National Planning and Economic Development and the Federation of Myanmar Chamber of Commerce and Industry as saying that Myanmar’s move was to make foreign trade more convenient.

On the morning of October 27, 2014, it was revealed at the 11th meeting of the China-Singapore Joint Committee on Bilateral Cooperation held in Suzhou that the foreign exchange markets of China and Singapore would officially launch direct transactions between the RMB and the Singapore dollar. . At the meeting, China and New Zealand also discussed the launch of the third inter-governmental cooperation project between China and New Zealand in western China.

Baidu Encyclopedia-Singapore Dollar