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 $.
You can effortlessly convert Indian Rupees to Singapore Dollars to buy SGD in India in the form of currency notes and forex cards. It has notes in denominations of $2, $5, $10, $20, $25, $50, $100, $500, $1000 and $10,000 available for purchase in India. The currency notes feature artworks depicting the first President of Singapore, as well as features of civic virtue.
The Singapore Dollar is commonly used in international foreign exchange transactions, and contributed 1.4%* of the global foreign exchange market turnover as recently as 2013, making it the 15th most-traded currency in the world. If you are returning from your Singapore tour and are left with any surplus amounts of the Singapore Dollars, exchange SGD to Rupee online at the best rates.
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