Brunei Dollar
| Brunei dollar | |||||
|---|---|---|---|---|---|
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Ringgit Brunei (Malay) ريڠڬيت بروني (Jawi Malay) |
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| ISO 4217 | |||||
| Code | BND | ||||
| Denominations | |||||
| Subunit | |||||
| 1/100 | cent | ||||
| Symbol | B$ | ||||
| Banknotes | |||||
| Freq. used | $1, $5, $10, $50, $100 | ||||
| Rarely used | $20, $500, $1000, $10,000 | ||||
| Coins | 1, 5, 10, 20, 50 cents | ||||
| Demographics | |||||
| User(s) |
 Brunei Singapore (alongside Singapore dollar)
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| Issuance | |||||
| Central bank |
Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam) |
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| Website | www |
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| Valuation | |||||
| Inflation | 1.33% at May 2015 | ||||
| Source | The World Factbook, 2012 | ||||
| Pegged with | Singapore dollar at par | ||||
The Bruneian dollar (Malay: ringgit Brunei, 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-dominated currencies. It is divided into 100 sen (Malay) or cents (English).
The Bruneian dollar is managed together with the Singapore dollar at a 1:1 ratio by the Monetary Authority of Singapore (MAS). (Singapore is one of Brunei's major trading partners.)
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 northern 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 from 1906, the Malayan dollar from 1939 and the Malaya and British Borneo dollar from 1953 until 1967, when it began issuing its own currency.
The Bruneian dollar replaced the Malaya and British Borneo dollar in 1967 after the formation of Malaysia and the independence of Singapore. Until 23 June 1973, the Malaysian ringgit was exchangeable at par with the Singapore dollar and Brunei dollar. The Monetary Authority of Singapore and the Brunei Currency and Monetary Board (now the Authoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam) still maintain the exchangeability of their two currencies. The dollar is accepted as "customary tender" in Singapore according to the Currency Interchangeability Agreement, although it is not legal tender there.
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Wikipedia