# Singapore dollar

> official currency of Singapore

**Wikidata**: [Q190951](https://www.wikidata.org/wiki/Q190951)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Singapore_dollar)  
**Source**: https://4ort.xyz/entity/singapore-dollar

## Summary
The Singapore dollar (SGD) is the official currency of Singapore, issued and regulated by the Monetary Authority of Singapore (MAS). It serves as a medium of exchange, unit of account, and store of value within the country's highly developed economy. The currency was introduced in 1967, replacing the Malaya and British Borneo dollar, and is denoted by the symbol "S$" or "SGD."

## Key Facts
- **Official Currency**: The Singapore dollar is the sole legal tender in Singapore, used for all domestic and international transactions.
- **Issuer**: Regulated by the Monetary Authority of Singapore (MAS), the country's central bank.
- **Symbol**: Represented by "S$" or "SGD" in financial contexts.
- **Introduction**: Adopted on June 12, 1967, replacing the Malaya and British Borneo dollar.
- **Denominations**: Includes banknotes and coins, with denominations ranging from cents to higher denominations.
- **ISO Code**: Standardized under ISO 4217 as "SGD."
- **Digital Representation**: Recognized in digital systems with codes like "CCY_SGD" and "SingaporeDollar."
- **Aliases**: Also referred to as "Singapore dollars," "Ringgit Singapore," or simply "dollar" in local contexts.
- **Related Entities**: Connected to Singapore as its sovereign country and the MAS as its monetary authority.
- **Wikipedia Presence**: Documented in 71 language editions, reflecting its global relevance.
- **Structural Classification**: An instance of both "currency" and "unit of account" in economic systems.

## FAQs
**What is the Singapore dollar used for?**
The Singapore dollar is used for all financial transactions within Singapore, including retail purchases, international trade, and government operations. It is also accepted in neighboring countries like Malaysia and Indonesia due to Singapore's strong economic ties.

**Who regulates the Singapore dollar?**
The Monetary Authority of Singapore (MAS) is responsible for issuing, regulating, and maintaining the stability of the Singapore dollar. It oversees monetary policy, banking operations, and financial stability within the country.

**How does the Singapore dollar differ from other Southeast Asian currencies?**
Unlike other Southeast Asian currencies, the Singapore dollar is not pegged to a basket of currencies but is managed independently by the MAS. It is also one of the most stable and widely accepted currencies in the region, facilitating seamless trade and investment.

**What are the denominations of Singapore dollar banknotes and coins?**
Singapore dollar banknotes come in denominations of $1, $5, $10, $50, and $100, while coins are available in $0.05, $0.10, $0.20, $0.50, $1, and $2. The currency also includes special commemorative coins and banknotes.

**Is the Singapore dollar accepted outside of Singapore?**
While the Singapore dollar is not widely used outside Singapore, it is accepted in neighboring countries like Malaysia and Indonesia due to Singapore's strong economic and trade relationships. It is also recognized in digital payment systems and international financial transactions.

## Why It Matters
The Singapore dollar is a cornerstone of Singapore's economic stability and global financial reputation. As the official currency of one of the world's most developed and open economies, it facilitates seamless trade, investment, and financial transactions. The MAS's effective monetary policy and the currency's strong exchange rate stability have made the Singapore dollar a reliable unit of account in the Asia-Pacific region. Its adoption in 1967 marked a significant step in Singapore's economic independence, reinforcing its status as a financial hub in Southeast Asia. The currency's digital recognition and acceptance in neighboring countries further underscore its role in regional economic integration.

## Notable For
- **Stability**: One of the most stable currencies in Southeast Asia, with minimal exchange rate volatility.
- **Digital Recognition**: Recognized in digital payment systems and international financial transactions.
- **Regional Acceptance**: Accepted in Malaysia and Indonesia due to Singapore's strong economic ties.
- **Monetary Authority**: Governed by the Monetary Authority of Singapore (MAS), one of the most respected central banks in the world.
- **Global Relevance**: Documented in 71 Wikipedia language editions, reflecting its international significance.
- **Economic Hub**: Facilitates trade and investment in one of the world's most open and developed economies.
- **Special Denominations**: Includes commemorative coins and banknotes, reflecting Singapore's cultural and historical heritage.

## Body

### Currency Overview
The Singapore dollar is the official currency of Singapore, issued and regulated by the Monetary Authority of Singapore (MAS). It serves as a medium of exchange, unit of account, and store of value within the country's highly developed economy. The currency is denoted by the symbol "S$" or "SGD" and is standardized under ISO 4217. The Singapore dollar was introduced on June 12, 1967, replacing the Malaya and British Borneo dollar, marking a significant step in Singapore's economic independence.

### Issuance and Regulation
The Monetary Authority of Singapore (MAS) is responsible for issuing, regulating, and maintaining the stability of the Singapore dollar. The MAS oversees monetary policy, banking operations, and financial stability within the country. The currency is managed independently, with the MAS implementing policies to ensure its stability and value. The Singapore dollar is not pegged to a basket of currencies but is managed within a flexible exchange rate framework.

### Denominations and Physical Currency
Singapore dollar banknotes come in denominations of $1, $5, $10, $50, and $100. The currency also includes coins in denominations of $0.05, $0.10, $0.20, $0.50, $1, and $2. Special commemorative coins and banknotes are also issued to mark significant events and milestones. The physical currency is designed to reflect Singapore's cultural and historical heritage, with motifs and designs that resonate with the local population.

### Digital Representation and Acceptance
The Singapore dollar is recognized in digital systems with codes like "CCY_SGD" and "SingaporeDollar." It is accepted in digital payment systems and international financial transactions, reflecting its role as a global financial instrument. The currency's digital representation facilitates seamless transactions and payments, enhancing its utility in the modern economy. The Singapore dollar is also accepted in neighboring countries like Malaysia and Indonesia due to Singapore's strong economic ties.

### Economic Role and Significance
The Singapore dollar plays a crucial role in Singapore's economic stability and global financial reputation. As the official currency of one of the world's most developed and open economies, it facilitates seamless trade, investment, and financial transactions. The currency's strong exchange rate stability and the MAS's effective monetary policy have made the Singapore dollar a reliable unit of account in the Asia-Pacific region. Its adoption in 1967 marked a significant step in Singapore's economic independence, reinforcing its status as a financial hub in Southeast Asia.

### Related Entities and Connections
The Singapore dollar is connected to Singapore as its sovereign country and the Monetary Authority of Singapore (MAS) as its monetary authority. It is also linked to the broader economic and financial systems of Southeast Asia, with its acceptance in neighboring countries like Malaysia and Indonesia. The currency's documentation in 71 Wikipedia language editions reflects its global relevance and significance. Its structural classification as both a "currency" and "unit of account" underscores its multifaceted role in economic systems.

## References

1. Freebase Data Dumps. 2013
2. [Foreign Exchange Rates—H.10](https://www.federalreserve.gov/releases/h10/20260112/)
3. [Singapore dollar (SGD)](https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-sgd.en.html)
4. [Singapore dollar  latest news & coverage - CNA](https://www.channelnewsasia.com/topic/singapore-dollar)