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What is the name of Singapore currency? What's the exchange rate with RMB?
Singapore dollar; The exchange rate is 4.72%.

1. Singapore dollar is the legal tender of Singapore, marked as Singapore dollar. 1 yuan can be further divided into 10 points (also known as "gross") or 100 points. Singapore dollar can be divided into paper money and coins. Since 2004, plastic banknotes from 2 yuan and 5 yuan have been issued 10 yuan. So far, four sets of banknotes have been issued. Recently, plastic banknotes have been issued. As of 20 17, there are 10, 1000, 100, 50, 10, 5 and 2 yuan banknotes in circulation, and 1 50 (50 points). A penny can still be used, but the Singapore government has stopped issuing it. The reason why the government stopped issuing coins was that there were enough coins available.

2. The monetary authority of monetary authority of singapore, which is in charge of managing local monetary policy, said that it would slightly increase the appreciation slope of the nominal effective exchange rate of the Singapore dollar from 0% to 0%, while keeping the range and central axis unchanged. This means that the Singapore dollar can appreciate against a basket of currencies within a certain range. After the central bank of Singapore raised interest rates, the exchange rate of Singapore dollar against the US dollar rose by about 0.2% to a three-week high of 1 to 1.384. Monetary authority of singapore usually manages its monetary policy by setting the exchange rate rather than the interest rate. It adjusts monetary policy through three tools: the slope, central axis and fluctuation range of exchange rate appreciation.

3. Singapore's currency adjustment policy "will ensure medium-term price stability, while recognizing the risks facing economic recovery". The agency predicts that the core inflation rate excluding accommodation and private transportation will be close to the high end of its forecast range of 0- 1% this year and will rise to 1% to 2% by the middle of next year. The overall inflation rate is expected to be around 2% this year, and the average inflation rate next year will be 1.5% to 2.5%, so the Singapore dollar began to fluctuate against a basket of currencies. After 1985, the Singapore dollar began to float. However, monetary authority of singapore sometimes uses currency controls to stabilize its domestic economy. The Singapore dollar was originally issued by the Singapore Monetary Committee, but was later issued by monetary authority of singapore on June, 2002 10.

Note: All banks in Singapore must accept Brunei banknotes and coins deposited by customers. Any member of the public who receives Brunei Dollar can take it to the bank and deposit it in a bank account, and its value is the same as Singapore Dollar.