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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]
Kuala Lumpur, Malaysia: Effective: 9 August 1965; 59 years ago () Signatories Malaysia Singapore; Parties Malaysia Singapore; Depositary: Singapore Government dated 1 June 1966 The Secretary-General of the United Nations acting in his capacity as depositary the following: [1] English and French Registered No. I-8206: Language: English: Full text
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 Currency Ordinance No. 44 of 1952 of the Crown Colony of Singapore, No. 33 of 1951 of the Federation of Malaya, No. 10 of 1951 of North Borneo and No. 1 of 1951 of Sarawak implemented an agreement between those governments and the State of Brunei for the establishment of a Board of Commissioners of Currency to be the sole issuing authority in British Malaya and British Borneo.
Singapore continued to use the common currency upon joining Malaysia in 1963 and after Singapore's independence from Malaysia in 1965, [4] but the formal monetary union between Malaysia, Singapore and Brunei stopped in 1967, and Singapore established the Board of Commissioners of Currency, Singapore (BCCS), on 7 April 1967 [5] and issued its ...
[9] [10] On 16 September 1963, the Federation of Malaysia was formed, but in August 1965, Singapore was expelled from the federation and became a separate independent country. [ 11 ] [ 12 ] A racial riot in 1969 resulted in the imposition of emergency rule, the suspension of parliament and the proclamation of the Rukun Negara , a national ...
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.