The currency of Singapore is the Singapore Dollar, abbreviated as SGD. It is denoted by the symbol S$ to distinguish it from other dollar-denominated currencies. The Singapore Dollar is subdivided into 100 cents and is issued in various denominations of banknotes and coins. Singapore's stable economy, strong financial system, and strategic position as a global trade hub contribute to the strength of its currency. The monetary policy is managed by the Monetary Authority of Singapore (MAS), which aims to ensure price stability and sustainable economic growth. The Singapore Dollar is widely accepted and traded in international markets.