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help wipe out the black market and cure the nation's ailing economy as well." The Unofficial - Street Exchange Rate used among small businesses and private transactions was much higher than official multi-exchange-rate prior to 2002. The note design's draw inspiration from significant milestones and achievements in Singapore's history, the multiracialism that defines the nation and the values and aspirations that underpin Singapore's progress. Amount: From: Australian Dollar (AUD)Bitcoin (BTC)Canadian Dollar (CAD)DogeCoin (XDG)Euro (EUR)Ghanaian Cedi (GHS)Indian Rupee (INR)Iraqi Dinar (IQD)Japanese Yen (JPY)Malaysian Ringgit (MYR)Mexican Peso (MXN)Nigerian Naira (NGN)Pakistan Rupee (PKR)Philippine Peso (PHP)Pound Sterling (GBP)Singapore Dollar (SGD)South African Rand (ZAR)Thai Baht (THB)United Arab Emirates Dirham (AED)United States Dollar (USD). Standard on each note, is the Coat of Arms, a lion head watermark, and the signature of the Minister for Finance and chairman of the board of Commissioners of Currency, Singapore, on the front of the note. The Board of Commissioners of Currency, Singapore (bccs) was established on by the enactment of the Currency Act (Chapter 69). A maritime theme to reflect Singapore's maritime heritage was adopted, and progressively shows across the various denominations, the different kinds of ships which have plied Singapore's waters as the country developed. Polymer notes are progressively replacing the paper banknotes in circulation.
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From early 80s to 2001, Iran had a multi-exchange-rate system; one of these rates, the official floating exchange rate, by which most essential goods were imported, averaged 1,750 rials per US dollar; in March 2002, the multi-exchange-rate system was converged into one rate at about. On the back, various scenes depicting Singapore's the joint venture group binary options achievements are shown, as well as an orchid, to symbolise the country's national flower. Before 1970, the various monetary functions associated with a central bank were performed by several government departments and agencies. US Dollar (USD) is the most widely used foreign currency and the new 100 bills are preferred for street transactions and get the best rate. It has the sole right to issue currency notes and coins as legal tender in 1 maint: Multiple names: authors list ( link ) "bccs Merges with MAS on 1 October 30 September 2002". Monetary Authority of Singapore issues the banknotes and coins of the Singapore dollar. As of 2016, the Singapore dollar is the twelfth-most traded currency in the world by value.