The Singapore dollar, divided into 100 cents, is the monetary unit of Singapore (currency codeSGD). It is normally abbreviated with the dollar sign$, or alternatively S$ to distinguish it from other dollar-denominated currencies.
History
For most of its history Singapore used the same currencies as the Straits Settlements and later British Malaya, as regulated by the Board of Commissioners of Currency.
Singapore continued to use a common currency upon joining Malaysia in 1963. But one year after its expulsion and independence in 1965, the monetary union with Malaysia broke down. Singapore established the Board of Commissioners of Currency, Singapore on April 7, 1967 and released its first series of notes, the "Orchid" notes, on June 12, 1967.
Current status
The Singapore dollar is a freely convertible currency loosely tied to the United States dollar. As of January 6, 2005, 1 USD is worth approximately 1.64696 SGD.
Within the re-organised structure of SGD there now exists a Computer Section headed by a supervisor (designate) reporting to the Assistant Surveyor General (Mapping) controlling two staff who are responsible for maintaining the database, providing information and customised products from the system, and managing SGD’s computer infrastructure in general.
Although the software has served SGD well, and can continue to do so if all that is required is to maintain the data, the challenge now is to use the data for the purpose it was collected: as a land information system.
A priority for SGD must be to maintain and provide data for the LIS and to have a simple set of search and query tools for day-to-day administrative and management tasks.
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