Singapore's first cent was issued the same year the Monetary Authority of Singapore was established — 1967 — marking the formal severance of the currency union with Malaysia and Brunei that had operated since 1967 under the Board of Commissioners of Currency. The three nations had agreed to keep their currencies interchangeable at par, but the arrangement unraveled within a decade, with full interchangeability ending in 1973.
The bronze composition was abandoned after 1984 in favor of a copper-clad steel planchet, making the non-magnetic distinction meaningful for type collectors rather than merely academic.
Singapore's first cent was issued the same year the Monetary Authority of Singapore was established — 1967 — marking the formal severance of the currency union with Malaysia and Brunei that had operated since 1967 under the Board of Commissioners of Currency. The three nations had agreed to keep their currencies interchangeable at par, but the arrangement unraveled within a decade, with full interchangeability ending in 1973.
The bronze composition was abandoned after 1984 in favor of a copper-clad steel planchet, making the non-magnetic distinction meaningful for type collectors rather than merely academic.