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.

Scrupulous, Thorough, Fearless — The CPIB Story chronicles the journey of the Corrupt Practices Investigation Bureau (CPIB) from its beginnings to the present. The narrative contained within the pages of this book contextualises the role of the Bureau in Singapore's nation-building journey. The creation of the Bureau and its history and heritage are closely intertwined with the birth and history of Singapore.It starts by providing an account of how corruption had become so prevalent in pre-war Singapore. The experiences of war, characterised by extreme shortages, hunger and privation, provided further impetus for many to resort to corrupt ways to get what they needed and coveted in the post-war period. This Bureau was established to clean up the corruption of the day, an endeavour which contributed to the birth of a strong nation whose people shared a common ethos of integrity. Singapore's reputation for being corruption-free has since been one of the pillars of the nation's economic success.

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.

Scrupulous, Thorough, Fearless — The CPIB Story chronicles the journey of the Corrupt Practices Investigation Bureau (CPIB) from its beginnings to the present. The narrative contained within the pages of this book contextualises the role of the Bureau in Singapore's nation-building journey. The creation of the Bureau and its history and heritage are closely intertwined with the birth and history of Singapore.It starts by providing an account of how corruption had become so prevalent in pre-war Singapore. The experiences of war, characterised by extreme shortages, hunger and privation, provided further impetus for many to resort to corrupt ways to get what they needed and coveted in the post-war period. This Bureau was established to clean up the corruption of the day, an endeavour which contributed to the birth of a strong nation whose people shared a common ethos of integrity. Singapore's reputation for being corruption-free has since been one of the pillars of the nation's economic success.