Singapore Dollar

The Singapore Dollar is subdivided into 100 cents. Coins are issued in denominations of 5, 10, 20, and 50 cents, and 1 Dollar, while banknotes come in denominations of 2, 5, 10, 50, 100, 1,000, and 10,000 Dollars.

The designs of SGD notes and coins reflect Singapore's heritage, culture, and achievements. For instance, the current Portrait series of banknotes features the image of the first President of Singapore, Yusof bin Ishak.

Financial experts consider the SGD as a stable currency due to Singapore's robust economic fundamentals, prudent fiscal policies, and stringent regulatory environment. The SGD's managed float regime also allows the MAS to mitigate excessive volatility in the currency.

However, as a trade-dependent economy, Singapore is vulnerable to global economic trends and trade disruptions, which can impact the SGD. Singapore's financial sector, one of the most developed in Asia, also makes the SGD sensitive to shifts in global investor sentiment and capital flows.

The MAS's unique exchange rate-centered monetary policy also draws considerable attention from experts. While some praise its effectiveness in maintaining SGD stability, others point out the challenges of navigating this policy in an increasingly complex global economic environment.

The MAS oversees the regulation of the Singapore Dollar. It ensures the soundness and integrity of the country's financial system, promotes monetary stability, and manages the official foreign reserves of Singapore.

As a global financial hub, Singapore has stringent regulations to prevent illicit financial activities. The MAS has implemented rigorous anti-money laundering and counter-financing of terrorism measures that all financial institutions in Singapore must follow.