Singapore Dollar (SG$)

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Singapore Dollar (SG$)
The Singapore Dollar and Brunei Dollar are accepted as legal tender in both countries.

The Singapore Dollar was introduced in 1967, and is currently the official currency of Singapore and Brunei. Around the 8th century, merchants in Singapore used mostly Spanish and Mexican Dollars. Paper money appeared in the 18th and 19th century, and Singapore began using the Straits Dollar in 1845 as a British colony. After nearly a century, it was replaced by the Malayan Dollar in 1939, which was then replaced by the Malaya and British Borneo Dollar in 1953. In 1965, when the country achieved independence as the Republic of Singapore, they established a Board of Commissioners of Currency who introduced the Singapore Dollar. The first notes were known as ‘Orchid’ notes. The Monetary Authority of Singapore produces the Singapore Dollar, with the early Board disbanding in 2002. The Singapore Dollar is usually abbreviated to SGD or S$ or $.

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