The unit of currency is the Singapore dollar (1.70 Singapore dollars equal U.S.$1; 1998 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.Microsoft® Encarta® Online Encyclopedia 2001
http://encarta.msn.com © 1997-2001 Microsoft Corporation. All rights reserved. Singapore Information info
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