Singapore is a sovereign island city-state located in Southeast Asia. The official currency of Singapore is the Singapore dollar (SGD), which is abbreviated as S$, or just $.
The Singapore dollar is managed by the Monetary Authority of Singapore (MAS), the country’s central bank. The currency is divided into 100 cents and is available in coins of 1, 5, 10, 20, and 50 cents, as well as banknotes of $2, $5, $10, $50, $100, $1,000, and $10,000 denominations.
The design of Singapore’s banknotes features various elements of the country’s culture and history, including its multicultural society, national landmarks, and significant events. The banknotes also feature security features, such as holographic strips and watermarks, to prevent counterfeiting.
The Singapore dollar is widely accepted throughout the country, and many businesses also accept major credit cards such as Visa and Mastercard. ATMs are widely available in Singapore, and most foreign debit and credit cards can be used to withdraw Singapore dollars.
It is worth noting that many businesses in Singapore also accept foreign currencies, particularly US dollars, although the exchange rate may not be as favorable as using the local currency.
In conclusion, the official currency of Singapore is the Singapore dollar (SGD). The currency is managed by the Monetary Authority of Singapore and is available in coins and banknotes of various denominations. The Singapore dollar is widely accepted throughout the country, and many businesses also accept major credit cards. While foreign currencies may be accepted in some places, it is recommended to use the local currency for the most favorable exchange rates.
