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Two years after Singapore's independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down. Singapore issued its first independent coins and notes in 1967. Interchangeability with the Brunei dollar is still maintained.
The dinar was introduced in 1965, replacing the Gulf rupee. In 2001 the dinar was officially pegged to the US Dollar at 1 USDr = BD 0.376, which translates to approximately 1 dinar = 2.65957 dollars and, consequently, 10 Saudi Arabian Riyals. It is the second highest valued currency.
1 SGD = 0.2981 BHD
Singapore DollarBahraini Dinar
