Ordinance [Currency (Transitional Amendment), No. 4] on the reinstatement of the Malayan Currency Commission (with the Singapore Financial Secretary as a member); effective 01.04.1946
21.08.1951
Ordinance [Currency, No. 42] on the ratification of the Malaya British Borneo Currency Agreement (to include North Borneo and Sarawak in the Malaya common currency area); effective 01.01.1952
Time Period: 1967-
Currency: Singapore Dollar
Transition
1 : 1 Malaya and British Borneo Dollar
Sub-units
Dollar / 100 Cents
ISO4217
SGD
Timeline
16.03.1967
Law [Currency Act, No. 5] on the establishment of the Currency Commission and the introduction of a national currency; effective upon constitution of the commission on 07.04.1967
12.06.1967
Start of currency exchange: - 12.06.1967: Start of issuance of the new banknotes and coins (the currencies of Malaysia and Brunei were also legal tender) - 16.01.1969: Demonetization of the Malaya and British Borneo currency 22.05.1973: Termination of legal tender status of the currencies of Malaysia.
02.09.1970
Law [Monetary Authority Act, No. 42] on the establishment of the Monetary Authority of Singapore as supervisory institution (but without being the currency institute); effective 01.01.1971
23.06.1973
Agreement between Singapore and Brunei on the mutual recognition of banknotes and coins (Malaysia had terminated the earlier tri-lateral agreement on 22.05.1973)
23.07.2002
Law [Currency (Amendment) Act, No. 25] on the installation of the Monetary Authority of Singapore as currency institute; effective 01.10.2002
Valuation Regimes
1967
Fixed rate against British Pound, did not follow the British devaluation
1967-1973
Fixed rate against US Dollar
1973-
Variable rate
Rate Arrangements
12.06.1967
Fixed
British Pound at 60 : 7 - [Gold parity] 290.30mg AU fine