The 5th Defence Ministers Dialogue (DMD) between India and Singapore w...
The official currency of Singapore is the Singapore dollar. There are 100 cents in it. To differentiate it from other dollar-denominated currencies, it is usually abbreviated with the dollar sign $ or $$. Singapore's Monetary Authority is responsible for issuing Singapore dollar banknotes and coins.
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The 5th Defence Ministers Dialogue (DMD) between India and Singapore w...
Currency of Singapore
Singapore uses the Singapore Dollar as its official currency.
Explanation:
- Singapore Dollar: The currency of Singapore is known as the Singapore Dollar, symbolized as SGD. It is divided into 100 cents.
- Defence Ministers Dialogue: The Defence Ministers Dialogue (DMD) is an important platform for India and Singapore to discuss bilateral defense cooperation, exchange views on regional security issues, and enhance defense ties between the two countries.
- 5th DMD: The 5th Defence Ministers Dialogue between India and Singapore was held through video conferencing, reflecting the commitment of both nations to strengthen their defense partnership.
- Importance of Singapore Dollar: The Singapore Dollar is widely accepted in Singapore for various transactions, including trade, tourism, and investment. It is also one of the most stable and valuable currencies in the world.
- Bilateral Relations: India and Singapore have a strong and strategic partnership in various fields, including defense, trade, and technology. The regular dialogue between the Defence Ministers of both countries helps in further enhancing these relations.
In conclusion, the currency of Singapore is the Singapore Dollar, and the 5th Defence Ministers Dialogue between India and Singapore was a significant step in strengthening their defense cooperation and bilateral ties.