30/03/2020: SGD in COVID-19 Pandemic
The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.
19/05/2019: Launch of New Bahraini Dinar Series
A new series of Bahraini dinar banknotes was launched, featuring enhanced security features, updated designs, and braille markings for the visually impaired.
13/10/2016: Celebrating 50 Years of Currency
Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.
06/02/2014: Introduction of Polymer Banknotes
Bahrain introduced polymer banknotes for the first time, enhancing durability and security of the currency.
30/09/2006: Bahraini Dinar Convertibility
Bahrain lifted the restrictions on the convertibility of the Bahraini dinar, allowing it to be freely traded and exchanged internationally.
21/07/2003: Currency Interchangeability Agreement with Brunei
The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.
20/08/2001: Bahraini Dinar Second Edition
A new series of Bahraini dinar banknotes was introduced, featuring enhanced security features and updated designs.
02/01/2001: Floatation of SGD
Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.
24/06/1994: Establishment of the Bahrain Monetary Agency
The Bahrain Monetary Agency (now known as the Central Bank of Bahrain) was established to regulate and oversee the Bahraini dinar.
01/03/1973: Pegging to a Basket of Currencies
The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.
31/12/1972: Bahrain Dinar Pegged to US Dollar
The Bahraini Dinar was pegged to the US Dollar at a fixed exchange rate of 1 dinar = $2.80, which continues to this day.
12/06/1967: Monetary Agreement with Malaysia
Singapore withdrew from the Malaysian dollar and issued its own currency.
15/10/1965: Introduction of the Bahraini Dinar
The Bahraini Dinar was introduced as the official currency of Bahrain, replacing the Gulf rupee at a rate of 1 dinar = 10 rupees.
12/06/1965: Independence of Singapore
The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.