New currency symbol: SGD; New currency English name: SINGAPORE DOLLAR; Issuing agency: Singapore Currency Board. Singapore withdrew from the Federation of Malaysia in 1965 and declared independence, and established the Republic of Korea on December 22. Singapore began to issue its own banknotes "New Currency" on June 12, 1967, with four sets issued in total.

Singapore declared independence on August 9, 1965, and established the Republic of Korea on December 22, but still used the Malayan dollar. The legal exchange rate is 8.5142 Malaysian dollars equal to 1 British pound and 3.06122 Malaysian dollars equal to 1 US dollar. On June 12, 1967, the former joint "Monetary Fund Board" stopped issuing Malayan currency. The Singapore government issued its own Singapore dollar to replace the Malayan dollar. The Singapore dollar and the Malayan dollar were equivalent.

Singapore dollars can be divided into banknotes and coins. The banknotes circulating in Singapore include: 10,000 yuan, 1,000 yuan, 100 yuan, 50 yuan, 10 yuan, 5 yuan, and 2 yuan denominations. The other coins include 1 yuan, 50 cents (5 jiao), and 20 cents (2 jiao). ), 10 cents (1 jiao), 5 cents and 1 cent coins.

The new Singapore dollar banknotes have more anti-counterfeiting features, the most prominent of which are two transparent windows in the upper left corner and lower right corner of the front of the banknote. The window in the upper left corner has the national emblem, and the window in the lower right corner has multiple embossed patterns of the number "2". The new banknotes also feature a security thread featuring a map of the main island of Singapore.

Extended information

1. What is Singapore’s common currency?

The Singapore dollar is the legal tender of Singapore and is marked with S$. One yuan can be subdivided into 10 jiao (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.

2. How to exchange currency in Singapore?

(1) Directly exchange RMB for Singapore dollars in China

Generally speaking, no appointment is required at the branches or sub-branches of the four major state-owned banks, and you can exchange directly unless the amount is particularly large. , or in very small branches and savings banks, or on weekends, you may need to make an appointment. You can exchange it a few days in advance.

(2) It can be exchanged at shopping malls in Singapore

If you do not exchange Singapore dollars domestically, you can exchange them at Changi Airport, Orchard Road and most shopping malls in the city center. There are legitimate money changers. It is more cost-effective to exchange currency at an exchanger than at a hotel or bank. But be sure to find a licensed exchanger and ask about the exchange rate.

In Singapore, most large shopping malls accept UnionPay credit cards, and you can also choose to use other mainstream credit cards, such as Visa, MasterCard and American Express, for consumption.