Board of Commissioners of Currency Singapore (BCCS)
Board of Commissioners of Currency, Singapore (BCCS) was set up in 1967 toiplement the currecny board system whcih Singapore was practiing. Under the currency board system, the exchange rate was fixed between the domestic and a specific foreign currency, Singapore notes and coins were fully convertible at this fixed exchange rates, and the Singapore currency was fully backed by external assets or gold. As Singapore progressively evolved away from a fixed exchange rate system and no longer operates a currency board arrangement, BCCS was officially merged with the Monetary Authority of Singapore (MAS) on 30 Sep 2002.
