1 Dollar ribbon upwards

Singapore's Board of Commissioners of Currency occupied an unusual institutional position — it operated independently of the Monetary Authority of Singapore until the two were finally merged in 2002, meaning this dollar circulated under a currency authority that was technically separate from the central bank. The "ribbon upwards" designation distinguishes this from earlier die varieties by the orientation of the ribbon on the reverse, a detail that matters to specialists assembling complete type sets of the lionfish series.