The Monetary Authority of Singapore (MAS) has just announced that the new set of Singapore coins will be introduced in mid-2013. Belonging to the Third Series since independence, the designs of the new coins feature five of Singapore’s most iconic landmarks: the Merlion, Port of Singapore, Changi Airport, HDB Flats and the Esplanade.
MAS was given the right to issue Singapore dollar notes and coins in October 2002 after its merger with the Board of Commissioners of Currency, Singapore (BCCS). Previously, the BCCS, set up in 1967 under the Currency Act, was the main body of currency issuance. Before the circulation of the first series of Singapore notes and coins, Singapore had been using a common currency issued by the Board of Commissioners of Currency, Malaya and British Borneo between 1953 and 1967. The new currency system of Singapore signified the full independence of the nation from the British.
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