Brunei dollar

Information about Brunei dollar

Brunei dollar
ringgit Brunei (Malay)
Enlarge picture
5 sen
5 sen
ISO 4217 CodeBND
User(s)Brunei, Singapore
Inflation0.9%
Source[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook], 2004
Pegged withSingapore dollar at par
Subunit
1/100sen
SymbolB$
Coins''1, 5, 10, 20, 50 sen
Banknotes''1, 5, 10, 50, 100, 500, 1000, 10000 dollars
Central bankBrunei Currency Board
Websitewww.finance.gov.bn/bcb/bcb_index.htm
The dollar (ringgit Brunei in Malay, currency code BND), has been the currency of the Sultanate of Brunei since 1967. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from other dollar-denominated currencies. It is divided into 100 sen.

The Brunei dollar is pegged to the Singapore dollar at a 1:1 ratio. (Singapore is Brunei's major trading partner.)

History

Early currency in Brunei included cowrie shells. Brunei is also famous for its bronze teapots, which were used as currency in barter trade along the coast of North Borneo.

Brunei issued tin coins denominated in pitis in AH1285 (AD1868). These were followed by a one cent coin in AH1304 (AD1888). This cent was one hundredth of a Straits dollar. As a protectorate of Britain in the early 20th century, Brunei used the Straits dollar and later the Malayan dollar until 1967, when it began issuing its own currency.

The Brunei dollar replaced the Malaya and British Borneo dollar in 1967. Until June 23, 1973, the Malaysian dollar was exchangeable at par with the Singapore and Brunei dollars. The Monetary Authority of Singapore and the Brunei Currency and Monetary Board still maintain the exchangeability of their two currencies.

Coins

Main article: Coins of the Brunei dollar
To date, three series of coins for circulation have been issued.
  • First Series (1967) - These had the profile of HM the late Sultan Sir Omar Ali Saifuddin, the 28th ruler of Brunei
  • Second Series (1968 - 1984) - These were the same as the first series with exception that the profile of HM Sultan Omar Ali Saifuddin was replaced by the profile of HM Sultan Hassanal Bolkiah, the 29th and current ruler of Brunei. All subsequent currency has the profile of HM Sultan Hassanal Bolkiah.
  • New Series (1996 - current) - These had a different profile of HM Sultan Hassanal Bolkiah.
Coins in circulation [1]
  • 1 sen
  • 5 sen
  • 10 sen
  • 20 sen
  • 50 sen
Note: The old $1 coins (First and Second series) are legal tender in Brunei although they are no longer in circulation.

Banknotes

To date, five series of currency notes for circulation have been issued. The colours of $1, $5, and $10 notes have been the same for all the series of banknotes. [2]

1967 series

First series (1967) - currency with the portrait of HM the late Sultan Sir Omar Ali Saifuddin, the 28th ruler of Brunei.
  • $1 - blue
  • $5 - green
  • $10 - red
  • $50 - brown
  • $100 - purple

1972 series

Second series - This series was the same as the first series with exception that the portrait of HM Sultan Omar Ali Saifuddin was replaced by the portrait of HM Sultan Hassanal Bolkiah, the 29th and current ruler of Brunei. All subsequent currency has the portrait of HM Sultan Hassanal Bolkiah. In addition, two new higher denominations were issued in 1979.
  • $1 ~ $100 like 1967 series
  • $500 - ornage
  • $1000 - brown

1989 series

Third series - the post independence series. This series was gradually being replaced by the fourth series.
  • $1 - blue
  • $5 - green
  • $10 - red
  • $50 - brown, green, orange
  • $100 - purple
  • $500 - orange
  • $1000 - red-violet, purple, olive
  • $10 000 - green, orange

1996 (polymer and paper) series

Fourth series - (1996 - current) the polymer series.
  • $1 - blue
  • $5 - green
  • $10 - red
  • $50 - light blue
  • $100 - gold
  • $500 - orange

2004 (polymer) series

Polymer banknotes were introduced in (2004) due to high cases of banknote forgery. The design were also updated
  • $50 - light blue and bronze (2004)
  • $100 - gold (2004)
  • $500 - pink (2006)
  • $1000 - (2007)
  • $10 000 - (2006)

Commemorative

  • $25 - purple and beige (1992)
This was issued during the silver jubilee (25th anniversary) of HM Sultan Hassanal Bolkiah acceding to the throne. The design is of the 1989 series of currency.
  • $20 - yellow (polymer, 2007)
On 27 June 2007, Singapore and Brunei celebrates the 40th anniversary of the Currency Interchangeability Agreement (since 12 June 1967) by joint-issuing commemorative $20 notes.[1]


The two authorities issue distinct versions of the new $20 notes. They are both yellow, 149 × 72 mm in size, and made of polymer. The reverses are almost identical except that the Brunei version has their state title in Jawi script, while the Singaporean version has the state title of Brunei in Latin script.[2] The obverse of the Singaporean version is similar to the current Portrait Series, whereas the obverse of the Brunei version is similar to the $50 and $100 of the 2004 series.


There is a limited edition set, which consists of both versions in a folder, with matching serial number. The notes have "40th Anniversary Currency Interchangeability Agreement" overprinted on obverse. In addition, the Singaporean version has the two countries' state creates above the commemorative text. Only 12,000 sets are available, 10,000 from the Monetary Authority of Singapore, and 2,000 from the Brunei Currency and Monetary Board.[2]


The circulation version has been available since 16 July 2007.[3]

Current status

The Brunei dollar is legal tender in the Sultanate of Brunei Darussalam. It is at par with the Singapore dollar and is accepted as "customary tender" in Singapore according to the Currency Interchangeability Agreement,[4] although it is not legal tender there. Likewise, the Singapore dollar is customarily accepted in Brunei.

Current BND exchange rates
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See also

References

External links

Preceded by:
Malaya and British Borneo dollar
Reason: Currency Agreement
Ratio: at par, or 60 dollars = 7 British pounds		Currency of Brunei, Singapore
1967 –
Concurrent with: Singapore dollar		Succeeded by:
Current
 •  • [ e]
Currencies named dollar or similar
CirculatingAustralian dollar Bahamian dollar Barbadian dollar Belize dollar Bermudian dollar Brunei dollar Canadian dollar Cayman Islands dollar Cook Islands dollar East Caribbean dollar Fijian dollar Guyanese dollar Hong Kong dollar Jamaican dollar Kiribati dollar Liberian dollar Namibian dollar New Zealand dollar Samoan tala Singapore dollar (dolar, வெள்ளி) Solomon Islands dollar Surinamese dollar New Taiwan dollar Trinidad and Tobago dollar United States dollar Zimbabwean dollar
Circulating, formerly a.k.a. dollarMalaysian dollar
ObsoleteAntigua dollar British North Borneo dollar British West Indies dollar Ceylonese rixdollar Confederate States of America dollar Continental dollar Danish rigsdaler Danish West Indian daler (dollar) Danish West Indian rigsdaler Dominican dollar Dutch rijksdaalder Greenlandic rigsdaler Grenadan dollar Hawaiian dollar (dala) Kiautschou dollar Malaya and British Borneo dollar Malayan dollar Mauritian dollar Mongolian dollar Nevisian dollar New Brunswick dollar Newfoundland dollar Norwegian rigsdaler Norwegian speciedaler Nova Scotian dollar Penang dollar Puerto Rican dollar Rhodesian dollar Saint Kitts dollar Saint Lucia dollar Saint Vincent dollar Sarawak dollar Sierra Leonean dollar Slovenian tolar Spanish dollar Straits dollar Sumatran dollar Swedish riksdaler Old Taiwan dollar Texan dollar Trinidadian dollar Tobagan dollar Tuvaluan dollar
Obsolete, a.k.a. dollarChinese yuan Ethiopian birr
ConceptualEurodollar International dollar Petrodollar Geary-Khamis dollar
VirtualLinden dollar
FictionalDollarpound
PrivateAntarctican dollar Calgary dollar Disney dollar Liberty dollar Toronto dollar Millennium Dollar
See alsoDollar sign Holey dollar Thaler $1
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Currencies of Asia
CentralAfghan afghani Kazakhstani tenge Kyrgyzstani som Mongolian tgrg Russian ruble Tajikistani somoni Turkmenistani manat Uzbekistani som
EastChinese yuan Hong Kong dollar Japanese yen Macanese pataca North Korean won New Taiwan dollar South Korean won
South-EastBrunei dollar Cambodian riel Indonesian rupiah Lao kip Malaysian ringgit Myanmar kyat Philippine peso Singapore dollar Thai baht U.S. dollar (East Timor) Vietnamese đồng
SouthBangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee
WestArmenian dram Azerbaijani manat Bahraini dinar Cypriot pound Egyptian pound Georgian lari Iranian rial Iraqi dinar Israeli new sheqel Jordanian dinar Kuwaiti dinar Lebanese lira Omani rial Qatari riyal Saudi riyal Syrian pound Turkish new lira UAE dirham Yemeni rial
ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO).
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Motto
"Always in service with God's guidance"   (translation)
Anthem
Allah Peliharakan Sultan
God Bless the Sultan
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Inflation is measured as the growth of the money supply in an economy, without a commensurate increase in the supply of goods and services. This results in a rise in the general price level as measured against a standard level of purchasing power.
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A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as
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Singapore dollar
新加坡元 (Chinese)
Dolar Singapura
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In currency, the cent is a monetary unit that equals 1/100 of various countries' basic monetary units. The word also refers to the coin which is worth one cent.

In the United States, Canada and Ireland, the 1¢ coin is generally known by the nickname penny
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A currency sign is a graphic symbol often used as a shorthand for a currency's name. Internationally, ISO 4217 codes are used instead of currency signs, though currency signs may be in common use in their respective countries.
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Former signs
₳ • ₢ • ₰ • ₯ • ₠ • ₣ • ℳ • ₧ • I/.


The dollar sign or peso sign ($) is a symbol primarily used to indicate a unit of currency.
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The Coins of the Brunei dollar are part of the physical form of current Brunei currency, the Brunei dollar. They have changed through time along with Brunei itself. A British protectorate from 1888 until 1984, it is currently an independent member of the Commonwealth of Nations.
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Economic policy
Monetary policy
Central bank   Money supply
Fiscal policy
Spending   Deficit   Debt
Trade policy
Tariff   Trade agreement

Finance
Financial market
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Malay}}} 
Writing system: Rumi (Latin alphabet) (official) and Jawi (Arabic script); historically written in Pallava, Kawi and Rencong 
Official status
Official language of:
The template is . Please use instead.

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ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO).
..... Click the link for more information.
currency is a unit of exchange, facilitating the transfer of goods and/or services. It is one form of money, where money is anything that serves as a medium of exchange, a store of value, and a standard of value. A currency is the dominant medium of exchange.
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Motto
"Always in service with God's guidance"   (translation)
Anthem
Allah Peliharakan Sultan
God Bless the Sultan
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19th century - 20th century - 21st century
1930s  1940s  1950s  - 1960s -  1970s  1980s  1990s
1964 1965 1966 - 1967 - 1968 1969 1970

Year 1967 (MCMLXVII
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Former signs
₳ • ₢ • ₰ • ₯ • ₠ • ₣ • ℳ • ₧ • I/.


The dollar sign or peso sign ($) is a symbol primarily used to indicate a unit of currency.
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dollar (often represented by the dollar sign: "$") is the name of the official currency in several countries, dependencies and other regions.

History

The name Thaler (from German thal, or nowadays usually Tal,
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A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currency's value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as
..... Click the link for more information.
Singapore dollar
新加坡元 (Chinese)
Dolar Singapura
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Motto
"Always in service with God's guidance"   (translation)
Anthem
Allah Peliharakan Sultan
God Bless the Sultan
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Cypraea

Species
See text.

Cowry shells (also spelled cowrie), are marine snails of the genus Cypraea (family Cypraeidae), found chiefly in tropical regions.
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Borneo <nowiki />

Topography of Borneo

Geography <nowiki/>
Location South East Asia
Coordinates <nowiki />
Archipelago
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TIN may refer to:
  • Tax identification number
  • Triangulated irregular network, a data structure used in a geographic information systems

See also

  • Tin
This article is about the metallic chemical element.

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The pitis was a currency of Brunei. Two denominations of the tin coin were issued in 1868, the half pitis and one pitis. Brunei later used the Straits dollar.
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Islamic calendar or Muslim calendar (Arabic: التقويم الهجري; at-taqwīm al-hijrī
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AD and Ad may refer to:
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Media and culture


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Islamic calendar or Muslim calendar (Arabic: التقويم الهجري; at-taqwīm al-hijrī
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AD and Ad may refer to:
  • Anno Domini, Latin for "In the Year of (Our) Lord", applied to years in the Julian and Gregorian calendars following 1 BC
  • Advertisement, the promotion of an item, service, company, and/or idea

Media and culture


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