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These changes were made retroactive to the date of Singapore's separation from Malaysia. The Malaya and British Borneo dollar remained legal tender until the introduction of the Singapore dollar in 1967. Before the currency split, there were discussions about a common currency between the Malaysian and Singaporean governments. [25]
On 16 September 1963, the Proclamation of Malaysia was declared, which declared the merger of four countries: Malaya, North Borneo (Sabah), Sarawak and Singapore – the latter three already self-governing colonies by this point – into the new entity of Malaysia. With this, Singapore subsequently joined Malaysia as an autonomous state, along ...
The history of the Republic of Singapore began when Singapore was expelled from Malaysia and became an independent republic on 9 August 1965. [1] After the separation, the fledgling nation had to become self-sufficient, however was faced with problems including mass unemployment, housing shortages and lack of land and natural resources such as petroleum.
← 1964 1963 1962 1965 in Singapore → 1966 1967 1968 Decades: 1940s 1950s 1960s 1970s 1980s See also: Other events of 1965 Timeline of Singaporean history Victoria Theatre and Memorial Hall 1965 The following lists events that happened during 1965 in Singapore. Singapore was a part of the Federation of Malaysia until 9 August 1965. Incumbents President: Yusof Ishak (starting 9 August) Prime ...
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents (Malay: sen, Chinese: 分; pinyin: fēn, Tamil: காசு, romanized: kācu). It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies.
[2] [8] In 1963, the Federation was reconstituted as "Malaysia" when it federated with the British territories of Singapore, Sarawak, and North Borneo; a claim to the latter territory was maintained by the Philippines. [9] [10] Singapore separated from Malaysia to become an independent republic on 9 August 1965. [11]
The Malaysia Agreement, [a] or the Agreement relating to Malaysia between United Kingdom of Great Britain and Northern Ireland, Federation of Malaya, North Borneo, Sarawak and Singapore (MA63) was a legal document which agreed to combine North Borneo (Sabah), Sarawak, and Singapore with the existing states of Malaya, [3] the resulting union being named Malaysia.
Singapore slips into recession due to the global financial crisis. World economies hit badly; banks around the world collapse. 16 October: Singapore government guarantees all local and foreign currency fixed deposits with a $150 billion pool for that in view of the financial crisis, joining governments around the world in doing so. 2011: 7 May