What currency did Singapore introduce in 1967 after leaving the Malaysian dollar system?

Singapore introduced the Singapore dollar in 1967 after leaving the shared Malaysian dollar system.

Singapore became independent in 1965, but it initially continued using the common currency arrangements shared with Malaysia and Brunei. Those arrangements ended in 1967, when Singapore issued its own currency, the Singapore dollar. The currency is divided into 100 cents.

Singapore and Brunei later signed a Currency Interchangeability Agreement in 1967. Under that arrangement, their dollars were kept interchangeable at par, meaning one Singapore dollar could be exchanged for one Brunei dollar under the agreement.

The Monetary Authority of Singapore, established in 1971, now manages Singapore’s monetary policy and issues currency. Singapore’s notes and coins are legal tender in Singapore, while Brunei’s currency is accepted in Singapore under the interchangeability arrangement.