The official currency of Singapore is the Singapore dollar, often abbreviated as SGD. The Singapore dollar is subdivided into 100 cents and is available in both coins and banknotes. It is recognized for its stability and is one of the most traded currencies in the world. The Monetary Authority of Singapore (MAS) is responsible for issuing and regulating the currency. The Singapore dollar is widely accepted in international markets, playing a crucial role in the country's thriving economy, which is a global financial hub. Its stability is backed by Singapore's strong economic policies and prudent fiscal governance.