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57-690: As part of the Singapore Urban Redevelopment Authority's (URA) Master Plan 2014, Paya Lebar Central was identified as one of the five growth areas. It was since earmarked as an up-and-coming commercial hub, in line with the wider decentralisation strategy to ensure the city's sustainable growth. Paya Lebar participates in the pilot Business Improvement District (BID) programme. Although they have similar names, Paya Lebar Central, Paya Lebar MRT Station and Paya Lebar Road are not part of Paya Lebar Planning Area, instead are part of Geylang East planning subzone, part of Geylang . Paya Lebar

114-613: A lion head watermark, and the signature of the Minister for Finance and chairman of the BCCS, on the front of the note. As an added security feature, all notes have a vertically embedded security thread. The current Portrait series was introduced in 1999, with the one- and 500-dollar denominations omitted. These notes feature the face of Yusof bin Ishak , the first president of the Republic of Singapore, on

171-557: A caterpillar, over the platform level. The design was an attempt by the MRT Corporation (MRTC) to give the stations on the EWL an "attractive look". The CCL station design, like all stations on the line, takes into account certain factors such as safety, comfort and convenience, in addition to giving them a stylish modern outlook. The standardised layouts for the stations also make it simpler for commuters to navigate around. Paya Lebar station

228-451: A common front design and varying back designs depicting the theme 'Vibrant Nation, Endearing Home'. Each note reflects a value or aspiration that defines the theme: 'Caring Community, Active Citizenry', 'Opportunities for All', 'Safe and Secure', 'Strong Families' and '...regardless of race, language or religion...'. In 2017, to commemorate the 50th anniversary of its Currency Interchangeability Agreement between Brunei and Singapore , both

285-404: A floral theme. One-dollar banknotes were discontinued and gradually replaced with an aluminium-bronze coin. The 5-cent coin was also changed to aluminum-bronze while the 10, 20, and 50 cents remained copper-nickel. Limited numbers of commemorative bimetallic 5-dollar coins with scalloped edges were also periodically issued later during this series. This series is still in circulation. The 1 cent coin

342-413: A live, heavy-capacity MRT line. A concrete wall, a concrete beam and a powerful jacking device were used to transfer the load of the viaduct to other structures. It was followed by the removal of the old piles and construction of new piles to support the viaduct. Many monitoring devices were installed and key engineers looked out for any potential breaches. Additional materials and tools were on standby if

399-432: A part of the heritage themed Comic Connect public art display by SMRT, the mural depicts squatters and Arab merchant Syed Omar Aljunied as well as a variety of landmarks such as Kampung Melayu , Sri Sivan Temple , Foo Hai Ch'an Monastery , Tanjong Katong Complex , the former Geylang Fire Station , and the former Singapore International Airport . The station is linked directly by underpass to multiple shopping malls in

456-419: A portrait of Yusof Ishak, Singapore's first president, as in the current Portrait series notes. The $ 50 note highlights Singapore's history, transformation and future. It shows the late Prime Minister of Singapore, Lee Kuan Yew, shouting "Merdeka!"—the rallying cry of Singapore's independence struggle. The note makes distinctive use of the colour gold, reflecting Singapore's Golden Jubilee. The five $ 10 notes have

513-491: A rural village to a satellite town . Some icons used includes pigs in a pig sty and an aeroplane taking flight from a nearby airport. The station also features Art Seats, which have creative design to enhance the commuters' experience on the line. Two entries were selected through the International Art Seats Design Competition in 2006. The first entry – Matrix , which received the top prize in

570-459: A vertically embedded security thread, while the $ 1,000 and $ 10,000 notes have two. The Ship Series of currency notes is the third set of notes to be issued for circulation in Singapore. Issued in the years 1984 to 1999, it retains the number of denominations as was in the previous two series of notes, but switches the $ 20 note for the $ 2 one. A maritime theme to reflect Singapore's maritime heritage

627-699: Is a Mass Rapid Transit (MRT) interchange station on the East West line (EWL) and Circle line (CCL) in Geylang , Singapore. Despite the name, this station is not located in Paya Lebar but rather along Paya Lebar Road, near the junction with Sims Avenue . It is located among the developments of the Paya Lebar Central commercial hub and near the Geylang Serai district. The station opened on 4 November 1989 as part of

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684-441: Is also among the few stations with Y-shaped columns supporting the station structure. In addition, there are barrier-free transfers between the EWL and CCL. The CCL station itself, like the other stations on the line, has features such as lifts and wider faregates to make them accessible for wheelchair users. The CCL station contains three platforms, however only the two outer platforms are in active operation. The middle platform

741-628: Is much larger than the Currency Fund. As at 31 March 2017, MAS's assets (S$ 395 billion) were more than seven times larger than the assets of the Currency Fund (S$ 55 billion). The proposed amendment will merge the Currency Fund with the other funds of MAS and streamline MAS's operations. The Government has said that its support for the currency in circulation, as set out in the Currency Act, remains unchanged. Singapore's foreign reserves officially stood at over US$ 288.2 billion, as of July 2022 according to

798-451: Is the official currency of the Republic of Singapore . It is divided into 100 cents ( Malay : sen , Chinese : 分 ; pinyin : fēn , Tamil : காசு , romanized:  kācu ). It is normally abbreviated with the dollar sign $ , or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and coins of

855-543: Is used by terminating trains before they return to the depot or occasionally trains turning back in the opposite direction. This arrangement is similar to Ang Mo Kio MRT station . The artwork The Signs of Times by Salleh Japar is showcased at the concourse level of the CCL station as part of the Art-in-Transit programme. The artwork showcases abstract pictographs reflecting the varying periods of Paya Lebar 's developments from

912-769: The Brunei dollar is also customarily accepted in Singapore. The Spanish-American silver dollar brought over by the Manila galleons was in wide circulation in Asia and the Americas from the 16th to 19th centuries. From 1845 to 1945 the Straits Settlements (of which Singapore used to be part) issued its local equivalent, the Straits dollar . This was replaced by the Malayan dollar , and, from 1953,

969-609: The Malaya and British Borneo dollar , which were issued by the Board of Commissioners of Currency, Malaya and British Borneo . Singapore continued to use the common currency upon joining Malaysia in 1963 and after Singapore's independence from Malaysia in 1965, but the formal monetary union between Malaysia, Singapore and Brunei stopped in 1967, and Singapore established the Board of Commissioners of Currency, Singapore (BCCS), on 7 April 1967 and issued its first coins and notes. Nevertheless,

1026-666: The Monetary Authority of Singapore (MAS) against a concealed basket of currencies of Singapore's major trading partners and competitors. This, in theory, allows the Singaporean government to have more control over imported inflation and to ensure that Singapore's exports remain competitive. On 1 October 2002, the Board of Commissioners of Currency, Singapore (BCCS) merged with the Monetary Authority of Singapore (MAS), which took over

1083-528: The Secretary of State for the Colonies , Alan Lennox-Boyd . Singapore International Airport began to be gradually converted into a military air-force base from late 1967 onwards. It became a complete military airbase in 1981 when Singapore Changi Airport was opened and was subsequently renamed as Paya Lebar Air Base (PLAB) in the same year. Paya Lebar covers Aljunied GRC and Tampines GRC which were warded by

1140-697: The Workers' Party and the People's Action Party , respectively. One notable Member of Parliament for the ward was the former Secretary-General of the Workers' Party, Low Thia Khiang , where his ward covers a majority of Paya Lebar, including the Paya Lebar Air Base . Following his retirement, it was taken over by Gerald Giam . This Singapore location article is a stub . You can help Misplaced Pages by expanding it . Paya Lebar MRT Station Paya Lebar MRT station

1197-464: The $ 25 note was replaced by the $ 20 note. Each note features a bird on the left side of the note's front, a theme selected to represent a young Singapore "ever ready to take flight to greater heights". Standard on each note, is the Coat of Arms , a lion head watermark, and the signature of the Minister for Finance and chairman of the BCCS, on the front of the note. As an added security feature, all notes have

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1254-550: The Authority, with the approval of the President of Singapore , considers suitable for inclusion. In 2017, the government, in the second reading of the Monetary Authority of Singapore (Amendment) Bill 2017, announced that the Currency Fund will be merged with other funds of the MAS, because the currency in circulation is effectively backed by the full financial strength and assets of MAS, which

1311-459: The MAS. In 1967, the first series of coins was introduced in denominations of 1, 5, 10, 20 and 50 cents and 1 dollar. These coins depicted wildlife and other images relating to the island nation and were designed by Stuart Devlin , the same artist credited for the 1966 designs on Australia's decimal coin series. The sizes were the same as those used for the Malaysian ringgit and based directly on

1368-553: The MRT eastern line extension to Tanah Merah station. The EWL station exterior has the characteristic dome-shaped segmented roof also seen on other elevated EWL stations. The station later interchanges with the Circle line on 17 April 2010, and was the first MRT station to serve both an elevated line and an underground line. Paya Lebar station was first announced in May 1982 in the initial MRT plans. It

1425-475: The Minister for Finance and chairman of the BCCS, on the front of the note. As an added security feature, all notes have at least one vertically embedded security thread, while the $ 10,000 note has two. The Bird Series of currency notes is the second set of notes to be issued for circulation in Singapore. Issued in the years 1976 to 1984, it has nine denominations, the same number as in the Orchid Series , albeit

1482-416: The Monetary Authority of Singapore launched a set of six commemorative notes. These commemorative notes comprise five S$ 10 polymer notes and a S$ 50 note. The note design's draw inspiration from significant milestones and achievements in Singapore's history, the multiracialism that defines the nation and the values and aspirations that underpin Singapore's progress. The front of both the $ 50 and $ 10 notes feature

1539-508: The Singapore dollar was exchangeable at par with the Malaysian ringgit until 8 May 1973 under the Interchangeability Agreement, and interchangeability with the Brunei dollar is still maintained. Initially, the Singapore dollar was pegged to the pound sterling at a rate of two shillings and four pence to the dollar, or £1 = S$ 60/7 or S$ 8.57; in turn, £1 = US$ 2.80 from 1949 to 1967 so that US$ 1 = S$ 3.06. This peg to sterling

1596-575: The Singapore dollar. As of 2022, the Singapore dollar is the 10th most-traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam). Likewise,

1653-463: The area, including Paya Lebar Quarter and Paya Lebar Square. Malls and other building in the vicinity that are not linked directly by underpass include SingPost Centre and Lifelong Learning Institute. Exit C provides access to Foo Hai Ch'an Monastery , Sri Sivan Temple and Masjid Wak Tanjong. Exit D provides access to City Plaza, Geylang Road and Wisma Geylang Serai . Singapore dollar The Singapore dollar ( sign : S$ ; code : SGD )

1710-484: The contract whilst Oh Teck Thye having 40%. By then, the contract expanded to include the construction of Eunos station as well as viaducts to Kembangan station . Work began in the same month. However, on 30 December 1986, the joint venture for Contract 303 was terminated, with the Okumura Corporation undertaking all the responsibilities of Contract 303 and Oh Teck Thye to cease all interests in said contract. It

1767-404: The formation of MAS on 1 January 1971. The MAS Act gave the MAS the authority to regulate all elements of monetary, banking, and financial aspects of Singapore. From 1985 onwards, Singapore adopted a more market-oriented exchange regime, classified as a Monitoring Band, in which the Singapore dollar is allowed to float (within an undisclosed bandwidth of a central parity) but closely monitored by

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1824-423: The higher denomination notes (beyond $ 100) will continue to remain legal tender. Commemorative banknotes are also released, usually in limited quantities. The first commemorative banknote was released on 24 July 1990 to celebrate the 25th anniversary of Singapore's independence . Of the 5.1 million $ 50 polymer banknotes issued, 300,000 came with an overprint of the anniversary date "9 August 1990". This $ 50 note

1881-421: The international competition – consists of a series of benches engraved with the name of the station in a dot-matrix style on the seat surface. Another entry, Rain , showcases steel seats in the shape of water puddles. These seats are also displayed in the other CCL interchange stations. There is also a mural created by local artists Sayed Ismali, James Suresh, and Suki Chong entitled The Paya Lebar Story . As

1938-425: The obverse, and the reverse depicts a feature of civic virtue. There are both paper and polymer notes in circulation. The designs of the polymer notes are very similar to the corresponding paper note except for the slightly slippery feel and a small transparent window design in the corner of the banknote. Polymer notes are progressively replacing the paper banknotes in circulation. The notes also have Braille patterns at

1995-494: The old coinage of the former Malaya and British Borneo dollar . The 1-cent coin was bronze while the other denominations were copper-nickel. Later, in 1976, the 1-cent coin was changed to copper-clad steel. The production of the first series was phased out by 1985. In 1985, the second series of coins were introduced in denominations of 1, 5, 10, 20 and 50 cents and 1 dollar. The reverse of these coins were designed by Christopher Ironside. The new series offered smaller coins depicting

2052-605: The one-dollar, now a bi-metallic coin featuring the Merlion , the fifty cents coin featuring the Port of Singapore , the twenty-cent coin depicts Changi International Airport , the ten-cent coin featuring public housing and the five-cent coin featuring the Esplanade . The second and third series of Singaporean coins have medallic orientation . The Orchid Series of currency notes is the earliest to be in for circulation in Singapore. Issued in

2109-644: The pillars start to tilt when the piles were cut, and the Land Transport Authority (LTA) worked out emergency procedures with the Singapore Civil Defence Force (SCDF). The underpinning works were carried out successfully. The Circle line station opened on 17 April 2010 when the line extended to Dhoby Ghaut station. On 4 April 2007, a man died after being hit by a train along the East West line sector at about 10:20 am. Police said

2166-683: The responsibility of banknote issuance. As of 2012, the total currency in circulation was S$ 57.278 billion. All issued Singapore currency in circulation (notes and coins) are fully backed by external assets in its Currency Fund to maintain public confidence. Such external assets consists of all or any of the following: (a) gold and silver in any form; (b) foreign exchange in the form of demand or time deposits; bank balances and money at call; Treasury Bills; notes or coins; (c) securities of or guaranteed by foreign governments or international financial institutions; (d) equities; (e) corporate bonds; (f) currency and financial futures; (g) any other asset which

2223-690: The risk of money laundering, with all banks instructed to exchange the notes with MAS and not recirculate them. This is a trend in many countries like European Central Bank 's discontinuation of the 500- euro banknote in 2016 and AMBD's announcement to stop the production and issuance of the B$ 10,000 (the largest banknote) in 2020 amid the COVID-19 pandemic . MAS would also stop producing the S$ 1,000 banknote as well from 1 January 2021 onwards, but banks would be allowed to recirculate existing notes with customers. The MAS said that

2280-403: The roads were reinstated, an extra lane for each direction of Paya Lebar Road was added. The Circle line station faced a major civil engineering challenge with regard to the underpinning of two existing EWL viaduct pillars. The pillars foundations were obstructing the construction works needed for the station. This was the first time such an operation was conducted in Singapore, especially on

2337-608: The serial number is replaced with a Millennium 2000 logo. These millennium notes are printed on paper as polymer notes were not introduced yet then. On 27 June 2007, to commemorate 40 years of currency agreement with Brunei, a commemorative S$ 20 note was launched; the back is identical to the Bruneian $ 20 note launched simultaneously. A circulation version of the $ 20 note can be exchanged at banks in Singapore beginning 16 July 2007, limited to two pieces per transaction. On 18 August 2015, to commemorate Singapore's 50 years of nation-building,

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2394-418: The station operates between 5:47   am (6.13   am on Sundays and public holidays) and 12:22   am. On the CCL, the station operates between 5:40   am (6.07   am on Sundays and public holidays) and 12:26   am. Like most EWL elevated stations on the eastern segment on the line (after Kallang station), Paya Lebar station has the notable feature of the dome-shaped roof, segmented like

2451-459: The station started in August 2002. On 16 March 2003, several roads around the station, including Paya Lebar Road, Eunos Avenue 5 and Tanjong Katong Road, were converted to one-way traffic to facilitate the construction. A bus stop was also temporary relocated in front of Singapore Post Centre . A stretch of Sims Avenue was also temporarily realigned from 26 August 2003 until two months later. When

2508-418: The top right-hand corner of the front design. The S$ 10,000 and B$ 10,000 note are the world's most valuable banknotes (that are officially in circulation). As of August 2011, it is worth over seven times as much as the next most valuable, the 1,000- Swiss franc note. On 2 July 2014, the Monetary Authority of Singapore announced that it would stop printing $ 10,000 notes starting from 1 October 2014 to reduce

2565-510: The various monetary functions associated with a central bank were performed by several government departments and agencies. As Singapore progressed, the demands of an increasingly complex banking and monetary environment necessitated streamlining the functions to facilitate the development of a more dynamic and coherent policy on monetary matters. Therefore, the Parliament of Singapore passed the Monetary Authority of Singapore Act in 1970, leading to

2622-586: The victim, a 52-year-old Chinese man, was pronounced dead by paramedics at 10:45 am. East-bound services were disrupted for 41 minutes but resumed by 11:02 am. The station serves the EWL between the Eunos and Aljunied stations, and the CCL between the Dakota and MacPherson stations. Being part of both the EWL and CCL, the station is operated by SMRT Trains . On the EWL,

2679-475: The way to Geylang East Central, to minimise the noise impact from residents since October 2016 and completed in May 2017. Contract 823 for the construction of Paya Lebar station was awarded to Lum Chang Building Contractors Pte Ltd-Nishimatsu Construction Co. Ltd. joint venture at a contract sum of S$ 322 million. The contract also includes the construction of the Mountbatten and Dakota stations. Construction of

2736-400: The years 1967 to 1976, it has nine denominations: $ 1, $ 5, $ 10, $ 25, $ 50, $ 100, $ 500, $ 1,000, and $ 10,000. Each note has an orchid design in the centre of the note's front, the orchid being the national flower of Singapore. A scene of Singapore is depicted on the back, which varies across denominations. Standard on each note, is the Coat of Arms , a lion head watermark, and the signature of

2793-405: Was adopted, and progressively shows across the various denominations, the different kinds of ships which have plied Singapore's waters as the country developed. These vignettes are located on the front of the note. On the back, various scenes depicting Singapore's achievements are shown, as well as an orchid , to symbolise the country's national flower. Standard on each note, is the Coat of Arms ,

2850-675: Was awarded to Lee Kim Tah Ltd. at a contract sum of S$ 59.52 million in November 1985. The contractor had partnered with a French company Societe Generale D'Enterprises Sainrapt Et Brice (SGE) for the construction. The contract also included the construction of the Kallang and Aljunied stations. Contract 303 was awarded to a Japanese-Singaporean joint venture between the Okumura Corporation and Oh Teck Thye for S$ 60 million (1985) ( US$ 27.27 million) in December 1985, with Okumara having 60% interest in

2907-497: Was broken in 1967 when the pound was devalued to US$ 2.40 but the peg to the U.S. dollar of US$ 1 = S$ 3.06 was retained. This peg remained for a short time after the Nixon Shock of the early 1970s. As Singapore's economy grew and its trade links diversified to many other countries and regions, Singapore moved towards pegging its currency against a fixed and undisclosed trade-weighted basket of currencies from 1973 to 1985. Before 1970,

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2964-480: Was formerly a swamp close to Kallang River . In Malay, Paya means "swamp" and lebar means "wide". Due to the swamp, the area mainly consisted of squatters who reared pig and poultry and also grew market produce. In 1865, Richard Owen Norris bought part of the area and lived there with his family. The Singapore International Airport was built in Paya Lebar from 1952 to 1955, and opened on 20 August that year by

3021-494: Was later announced that the station would be part of Phase II of the MRT system in October 1983. There were several joint ventures between companies that prequalified for Contract 303 and Contract 302 by May 1985. Contract 303 initially detailed the construction of Paya Lebar station as well as a viaduct from Paya Lebar to Eunos station whilst Contract 302 detailed the construction of the station's viaducts. Ultimately, Contract 302

3078-609: Was later found out that Oh Teck Thye owed S$ 3 million (1987) ( US$ 1.42 million) to the United Overseas Bank (UOB) and was placed under receivership when it failed to repay its debts. Meanwhile, Okumura requested to take over Oh Teck Thye's part of the contract. It was described to have been "the first case of a joint-venture split in the MRT Project". By February 1986, 41% of the contract has been completed. The station had an expected opening date of 18 November 1989 but

3135-828: Was opened on 4 November 1989. As with most of the elevated stations along the East-West line, the station was initially built without platform screen doors . Following a rise in track intrusions as well as commuters slipping when rushing for the train, the LTA and SMRT decided to install platform screen doors. After several successful tests at Jurong East , Yishun and Pasir Ris , half-height platform screen doors were eventually installed and commenced operations at Paya Lebar station by March 2012. In addition, high-volume low-speed fans were installed and started operations since 14 July that year together with Kembangan station. Privacy screens were installed at some parts from Paya Lebar Road all

3192-530: Was taken out of circulation in 2002. On 21 February 2013, the Monetary Authority of Singapore announced a new series of coins in denominations of 5, 10, 20, 50 cents and 1 dollar, which went into circulation on 25 June 2013, featuring Singapore's national icons and landmarks. The coins are struck on a multi-ply plated-steel planchet used by the Royal Canadian Mint and comes with enhanced features to differentiate from fakes. The coins also feature new designs,

3249-408: Was the first commemorative note issued by the BCCS and was also the first polymer banknote in the history of Singapore's currency. In addition, the $ 50 note was the first note designed in Singapore by a Singapore artist. On 8 December 1999, to celebrate the coming 2000 millennium, three million $ 2 millennium notes were circulated. The note is similar to the $ 2 portrait series, except that the prefix of

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