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Singapore dollar : ウィキペディア英語版
Singapore dollar


The Singapore dollar or dollar (Malay: ''ringgit singapura'', sign: $; code: SGD) is the official currency of Singapore. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.
The Monetary Authority of Singapore and the Monetary Authorty of Brunei Darussalam (Autoriti Monetari Brunei Darussalam) still maintain the historic exchangeability of their two currencies, the Singaporean dollar and the Brunei dollar, respectively. The Singapore dollar is accepted as "customary tender" in Brunei according to the Currency Interchangeability Agreement.〔(【引用サイトリンク】Monetary Authority of Singapore "> url= http://www.mas.gov.sg/en/Currency/Currency-Interchangeability-Agreement-with-Brunei.aspx )〕 Likewise, the Brunei dollar is customarily accepted in Singapore.
==History==
Between 1845 and 1939, Singapore used the Straits dollar.
This was replaced by the Malayan dollar,〔 and, from 1953, the Malaya and British Borneo dollar, which were issued by the Board of Commissioners of Currency, Malaya and British Borneo.〔
Singapore continued to use the common currency upon joining Malaysia in 1963,〔 but only two years after Singapore's expulsion and independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down.〔
Singapore established the Board of Commissioners of Currency, Singapore, on 7 April 1967 and issued its first coins and notes.〔 Nevertheless, the Singapore dollar was exchangeable at par with the Malaysian ringgit until 1973,〔 and interchangeability with the Brunei dollar is still maintained.〔
Initially, the Singapore dollar was pegged to the British pound sterling at a rate of S$60 = £7. This peg lasted until the demise of the Sterling Area due to the Nixon Shock in the early 1970s, after which the Singapore dollar was linked to the US dollar for a short time. As Singapore's economy grew and its trade links diversified to many other countries and regions, Singapore moved towards pegging its currency against a fixed and undisclosed trade-weighted basket of currencies from 1973 to 1985.
From 1985 onwards, Singapore adopted a more market-oriented exchange regime, classified as a Monitoring Band, in which the Singapore dollar is allowed to float (within an undisclosed bandwidth of a central parity) but closely monitored by the Monetary Authority of Singapore (MAS) against a concealed basket of currencies of Singapore's major trading partners and competitors. This, in theory, allows the Singaporean government to have more control over imported inflation and to ensure that Singapore's exports remain competitive.
Before 1970, the various monetary functions associated with a central bank were performed by several government departments and agencies. As Singapore progressed, the demands of an increasingly complex banking and monetary environment necessitated streamlining the functions to facilitate the development of a more dynamic and coherent policy on monetary matters. Therefore, parliament passed the Monetary Authority of Singapore Act in 1970, leading to the formation of MAS on 1 January 1971. The MAS Act gave the MAS the authority to regulate all elements of monetary, banking, and financial aspects of Singapore.
On 31 March 2003, the Board of Commissioners of Currency Singapore (BCCS) merged with the Monetary Authority of Singapore (MAS), which took over the responsibility of banknote issuance.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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