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Economy, Currency and Banking

Monetary Authority of Singapore, unit of currency, central bank, Board of Commissioners, commercial banks

The unit of currency is the Singapore dollar (1.72 Singapore dollars equal U.S.$1; 2000 average). Although Singapore does not have a central bank, the Monetary Authority of Singapore performs most functions of a central bank. The country’s currency, however, is issued by the Board of Commissioners of Currency. There are more than 130 commercial banks, most of which are foreign.



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Monetary Authority of Singapore, unit of currency, central bank, Board of Commissioners, commercial banks, average, functions

 
 

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