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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 ...
A referendum on the terms of integration into the Federation of Malaya was held in Singapore on 1 September 1962. There were three options. At the time of the referendum, Singapore was a self-governing country since 1959, although the British Empire still controlled external relations.
← 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 ...
As of 2024, the Singapore dollar is the 13th most traded currency in the world. [1] Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary ...
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.
Singapore's central bank said on Wednesday that its currency has room to weaken as an outbreak of coronavirus hits its economy but added that its current policy stance remains appropriate. The ...
Seeing no alternative to avoid further bloodshed, the Malaysian Prime Minister Tunku Abdul Rahman decided to expel Singapore from the federation. Goh Keng Swee , who had become skeptical of the merger's economic benefits for Singapore, convinced Lee Kuan Yew that the separation had to take place.