U.S. Dollar (Currency code: USD)
- Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
- The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
- The U.S.A. has by far the largest economy in the world.
- America faces challenges from developing economies, and has consistently large trade deficits with other nations.
Singapore Dollar (Currency code: SGD)
- Central bank: The Monetary Authority of Singapore
- The Singapore dollar (also called Sing) is used by one of the world’s most prosperous countries.
- Singapore has a highly developed free-market economy characterized by stable prices and an open environment free of corruption.
- The economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.
- A growing financial services sector has positioned Singapore as the Southeast Asia’s financial hub.
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