I'm trying to understand who is responsible for issuing Singapore dollar coins and banknotes. I want to know the authority or institution behind the currency circulation in Singapore.
7
answers
Valentina
Sat Jan 25 2025
Singapore dollar coins and banknotes are circulated with the authorization of the Monetary Authority of Singapore.
CloudlitWonder
Sat Jan 25 2025
The Monetary Authority of Singapore plays a dual role in the country's financial system.
CryptoAce
Sat Jan 25 2025
It functions as the central bank, managing monetary policy and ensuring economic stability.
DondaejiDelightfulCharm
Sat Jan 25 2025
Additionally, it serves as the overall financial regulatory entity, overseeing the integrity of the financial sector.
MysticGlider
Fri Jan 24 2025
The total amount of currency issued in Singapore is estimated to be just over S$30 billion.