As Singapore's financial system grew and its trade links diversified to many other international locations and regions, Singapore moved to pegging its forex from a hard and fast and undisclosed trade-weighted basket of currencies from 1973 to 1985.
The designs on the polymer notes are very similar to the corresponding paper Be aware except for The marginally slippery experience and a small clear window design and style inside the corner of the banknote. Polymer notes are progressively replacing the paper banknotes in circulation. The notes also have Braille designs at the highest correct-hand corner from the entrance style.
Before 1970, the assorted financial features related to a central lender were being done by many govt departments and agencies. As Singapore progressed, the demands of the ever more elaborate banking and monetary atmosphere necessitated streamlining the features to facilitate the development of a far more dynamic and coherent coverage on monetary issues.
These vignettes can be found over the front with the note. Around the back, a variety of scenes depicting Singapore's achievements are demonstrated, and an orchid, to symbolise the region's national flower.