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Currency in circulation::Singapore dollar

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Currency in circulation As of 2012, the total currency in circulation was S$29.1 billion.<ref>http://www.mas.gov.sg/~/media/Currency/CIC.xls</ref> All issued Singapore currency in circulation (notes and coins) are fully backed by external assets in its Currency Fund to maintain public confidence.<ref>http://www.mas.gov.sg/currency.aspx</ref><ref>International Economics – Historical Exchange Rate Regime of Asian Countries The Chinese University of Hong Kong, Copyright 2000. Retrieved 15 August 2008.</ref> Such external assets consists of all or any of the following:<ref>http://statutes.agc.gov.sg/aol/search/display/view.w3p;page=0;query=DocId%3Ab657047e-066c-4c8a-8e5b-2e96ab706aec%20Depth%3A0;rec=0;resUrl=http%3A%2F%2Fstatutes.agc.gov.sg%2Faol%2Fbrowse%2FtitleResults.w3p%3Bletter%3DC%3BpNum%3D2%3Btype%3DactsAll;whole=yes</ref> (a) gold and silver in any form; (b) foreign exchange in the form of demand or time deposits; bank balances and money at call; Treasury Bills; notes or coins; (c) securities of or guaranteed by foreign governments or international financial institutions; (d) equities; (e) corporate bonds; (f) currency and financial futures; (g) any other asset which the Authority, with the approval of the President of Singapore, considers suitable for inclusion.

Singapore's foreign reserves officially stood at over US$277.9 billion, as of June 2014 according to the MAS.<ref>Monetary Authority of Singapore – Official Foreign Reserves page Last official data as of 2014-08-13</ref>


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Currency in circulation
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