Singapore-currency

History
As you all know currency of singapore is Singapor-dollar and the coin is called cents. But do you know the history of singapore currency?


Singapore continued to use the common currency upon joining Malaysia in 1963but, two years after Singapore's expulsion and independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunie broke down. Singapore established the Board of Commissioners of Currency, Singapore, on April 7, 1965and released its first series of notes, the "Orchid" notes on June 12,1967. Nevertheless, the Singapore dollar was exchangeable at par with the Malaysian dollar until 1973. Interchangeability with the Brunei dollar is still maintained.
The Board of Commissioners of Currency, Singapore, was dissolved on October 1, 2002 and its functions, property and liabilities had been transferred to the Montary Authority of Singapore. There are new types of currency made of plastic.If you want more information please click on the following LINK