A History of Money in Singapore

A History of Money in Singapore
Author :
Publisher : Editions Didier Millet
Total Pages : 440
Release :
ISBN-10 : 9811821291
ISBN-13 : 9789811821295
Rating : 4/5 (295 Downloads)

Book Synopsis A History of Money in Singapore by : Clement Liew

Download or read book A History of Money in Singapore written by Clement Liew and published by Editions Didier Millet. This book was released on 2021 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the story of the money used from pre-colonial times to the present day on the island we know as Singapore. This signature book describes the multiplicity of currencies that have been used in and around the island over the centuries, and how these culminate in the Singapore dollar today. The authors trace the impact, sometimes dramatic, of political and economic events and technological forces shaping these currencies. Singapore has followed its own development path, from the days when, in the first few decades of the colonial settlement, local merchants resisted currency reforms imposed on the island by the East India Company. Greater monetary autonomy was achieved in the second half of the 19th century when Singapore became a Crown colony in its own right. The drive towards self-representation culminated in full internal self-government in 1959, independence from British colonial rule in 1963 as part of the Federation of Malaysia, and the status of a sovereign nation in 1965. The introduction of Singapore's own currency in 1967 was a national milestone. In 1971, Singapore established the Monetary Authority of Singapore with the sovereign power to undertake monetary policy as it deemed most appropriate. Money has evolved from coins minted from precious metals to those struck from baser metals, to notes issued first by commercial banks and later by governments. The journey from commodity-based money to a purely fiat money has unfolded in parallel. The use of money in its electronic and more 'weightless' forms has also become increasingly common. The powerful effects this trend will have on the nature of money and banking are still unfolding. All these issues, and more, are examined in this book, published to mark the 50th anniversary of the founding of Singapore's central bank, the Monetary Authority of Singapore (MAS), in January 1971.

A History of Money in Singapore Related Books

A History of Money in Singapore
Language: en
Pages: 440
Authors: Clement Liew
Categories: Money
Type: BOOK - Published: 2021 - Publisher: Editions Didier Millet

GET EBOOK

This is the story of the money used from pre-colonial times to the present day on the island we know as Singapore. This signature book describes the multiplicit
Money and the Mechanism of Exchange
Language: en
Pages: 380
Authors: William Stanley Jevons
Categories: Exchange
Type: BOOK - Published: 1877 - Publisher:

GET EBOOK

The History of Money
Language: en
Pages: 305
Authors: Jack Weatherford
Categories: Business & Economics
Type: BOOK - Published: 2009-09-23 - Publisher: Crown Currency

GET EBOOK

“If you’re interested in the revolutionary transformation of the meaning and use of money, this is the book to read!”—Charles R. Schwab Cultural anthrop
Handbook of the History of Money and Currency
Language: en
Pages: 0
Authors: Stefano Battilossi
Categories: Business & Economics
Type: BOOK - Published: 2020-03-13 - Publisher: Springer

GET EBOOK

This handbook provides a comprehensive overview of state-of-the-art research in the field of monetary and financial history. The authors comprise different gene
The Evolution of Money
Language: en
Pages: 320
Authors: David Orrell
Categories: Business & Economics
Type: BOOK - Published: 2016-06-14 - Publisher: Columbia University Press

GET EBOOK

The sharing economy's unique customer-to-company exchange is possible because of the way in which money has evolved. These transactions have not always been as