From 1845 to 1939, Singapore used the "Straits Dollar" issued by the Straits Colony as its currency. After 1940, Singapore followed Malaya to use Malay yuan. During World War II, Singapore used the Japanese military leaflets commonly known as "banana money" issued by the Japanese military government. After the war, the Malayan dollar was resumed until 1953, when it was changed from "Malayan and British women & #13417; Malayan and British Prisoners of War (Malaysia and British Borneo) published by the Office of the Comptroller of Currency; # 134 17; Euro, exchange rate and malayan dollar are 1: 1.
1 yuan currency
1On August 9th, 965, Singapore was forced to become independent.1On February 22nd, 965, it was established as a republic, but it still used Malayan and British forces. # 134 17; Joo Won?. The legal exchange rate at that time was 60 Malaysian dollars equal to 7 pounds.
1967, the pound depreciated, and the original "Malayan and British prisoners of war&; # 134 17; Asian Monetary Commission stops issuing Malayan and British women &; # 134 17; The Singapore government issued its own Singapore dollar, replacing Malayan and British women & #13417; Euro, the currencies issued at that time were Singapore dollar, Malaysian ringgit and Brunei dollar, and the currencies of the three countries were equivalent. At that time, the Singapore dollar was 60 Singapore dollars to 7 pounds. At this time, the Singapore dollar is still linked to the pound, mainly because of the agreement in the pound area. The Singapore dollar was pegged to the US dollar for a short time, and then began to trade with other countries in Singapore.
According to the currency swap agreement signed by Singapore in June 1967, Brunei currency and Singapore currency can be used equally in both countries. All Singapore banks must accept Brunei banknotes and coins deposited by customers. Anyone who receives Brunei currency can take it to the bank and deposit it in a bank account equivalent to the new currency.
From 1973 to 1985, the Singapore dollar exchange rate began to change with a basket of currencies. After 1985, the Singapore dollar adopted a floating exchange rate system. However, monetary authority of singapore sometimes controls its currency to stabilize its domestic economy. The issuer of Singapore dollar was originally issued by Singapore Monetary Committee, and later issued by monetary authority of singapore on June 65438+1October 65438+1October 2002.
On April 30, 2008, Myanmar plans to include Singapore dollar and RMB as the main settlement currencies of Myanmar's foreign trade. The newspaper quoted the Ministry of National Planning and Economic Development of Myanmar and the Myanmar Federation of Industry and Commerce as saying that Myanmar's move was to facilitate foreign trade.
20 14,101On the morning of 27 October, it was revealed at the 1 1 meeting of the China-Singapore Joint Committee on Bilateral Cooperation held in Suzhou that the direct trading of RMB against Singapore dollar would be officially launched in the foreign exchange markets of China and Singapore. At the meeting, China and Singapore also discussed the third Sino-Singapore intergovernmental cooperation project in western China.