Brunei dollar - wikipedia Brunei dollar `` B $ '' redirects here. For the Bahamian currency, see Bahamian dollar. Brunei dollar Ringgit Brunei ( Malay ) ريڠڬيت بروني ( Jawi Malay ) New 1 dollar polymer note ( 2011 ) New 5 dollar polymer note ( 2011 ) ISO 4217 Code BND Denominations Subunit 1 / 100 cent Symbol B $ Banknotes Freq. used $1, $5, $10, $50, $100 Rarely used $20, $25, $500, $1000, $10,000 Coins Freq. used 5, 10, 20, 50 cents Rarely used 1 cents Demographics User ( s ) Brunei Singapore ( alongside Singapore dollar ) Issuance Central bank Autoriti Monetari Brunei Darussalam ( Monetary Authority of Brunei Darussalam ) Website www.ambd.gov.bn Valuation Inflation 1.33 % at May 2015 Source The World Factbook, 2012 Pegged with Singapore dollar at par 50 Brunei Sen ( ( 250px alt = ) ) Obverse : Portrait of Omar Ali Saifuddien III with his name engraved. Reverse : Emblem of Brunei, face value and year. Total 788,000 coins minted in 1967. The Brunei 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 - denominated currencies. It is divided into 100 sen ( Malay ) or cents ( English ). The Brunei dollar is issued by the Autoriti Monetari Brunei Darussalam ( Monetary Authority of Brunei Darussalam ). The name is the same in Malaysian ringgit, but the MYR has its own name. Under a Currency Interchangeability Agreement in 1967, the Brunei dollar is interchangeable with the Singapore dollar at par. As such, the Brunei dollar is accepted in Singapore as `` customary tender '' ; likewise, the Singapore dollar is accepted for payments in Brunei. Contents 1 History 1.1 History of coins used in Brunei 1.2 History of banknotes used in Brunei 2 Coins 3 Banknotes 3.1 1967 series 3.2 1972 series 3.3 1989 series 3.4 1996 -- 2000 polymer and paper series 3.5 2004 -- 2007 ( polymer ) series 3.6 2011 polymer series 3.7 Commemorative banknotes 4 See also 5 References 6 External links History Main article : Brunei pitis 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 AH 1285 ( AD 1868 ). These were followed by a one cent coin in AH 1304 ( AD 1888 ). 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 Brunei 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. Coins were used in Brunei from the 10th century. The Straits dollar was also used in Brunei from 1906. History of coins used in Brunei Due to the close ties between China and Brunei, the first type of coins used in Brunei were Chinese coins. This was initially called ' Pitis '. They were later known as ' Kue ' when local ' Pitis ' were introduced. The local ' Pitis ' coins had ' Sultanate of Brunei ' stamped in front of the coin and the royal umbrella was imprinted at the back. These were issued from the 16th to the 19th century. Previous Islamic coins were also called the ' Pitis '. Another type of coin that was used in Brunei were ' Duit besi ' ( which roughly translates to ' Iron money ' ). Iron was considered valuable those days that it was used as money. 100 one - square inch pieces were valued at 1 dollar. The last coin to be issued before the introduction of the Straits Settlements currency was the ' Duit Bintang ', otherwise known as the ' Star coin ' or the ' Star Cent '. It is called the Star coin because of the star imprinted on the obverse of the coin. It was minted in Birmingham, England, in 1887. It was made from copper. With the introduction of the Straits Settlements currency, the previously used coins were taken out of circulation. They were, however still used with certain exchange rates. History of banknotes used in Brunei One Straits dollar banknote from 1935 The Straits dollar was introduced in Brunei in 1906. It was later replaced by the Malayan dollar which was introduced to British colonies and Brunei in 1939. It replaced the Straits dollar at par with a 1 : 1 exchange rate. The Malayan dollar was issued by the Board of Commissioners of Currency in Malaya. The board stopped issuing the Malayan dollar during the Japanese invasion during World War II. The Malayan dollar had the portrait of King George VI in front of the note. In 1952, the board was renamed the Board of Commissioners of Malaya and British Borneo. The board then began to issue notes to Malaya, Singapore, Sarawak, British North Borneo, and Brunei in 1953. This was known as the Malaya and British Borneo dollar. In 1967, the Malaya and British Borneo dollar was replaced by three new currencies : the Malaysian dollar, Singapore dollar and the Brunei dollar, all at par. The Singapore dollar is still interchangeable with the Brunei dollar today. Coins Main article : Coins of the Brunei dollar In 1967, coins were introduced in denominations of 1, 5, 10, 20 and 50 cents. Except for the bronze 1 cent, the coins were struck in cupro - nickel. In 1986, copper - clad steel replaced bronze. Later, in 2008, the 1 cent coins switched compositions to brass. Banknotes On 12 June 1967, the government ( Kerajaan Brunei ) introduced notes in denominations of 1, 5, 10, 50 and 100 dollars. Notes for 500 and 1000 dollars followed in 1979. In 1989, the title on the paper money was changed to Negara Brunei Darussalam, the official name of the country, and the Malay term for `` State of Brunei, Abode of Peace. '' 10,000 dollar notes were introduced the same year. All notes bear the denomination in Malay ( in both Rumi and Jawi ) and in English. The English denomination appeared on the obverse below the denomination in Malay on the earlier series, but now appears on the reverse together with the Jawi. Five series of notes have been issued. The colours of $1, $5, and $10 notes have been the same for all the series of banknotes. ( 1 ) 1967 series First series ( 1967 ) -- currency with the portrait of Sultan Omar Ali Saifuddin III, 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 Sultan Omar Ali Saifuddin was replaced by the portrait of Sultan Hassanal Bolkiah, the 29th and current ruler of Brunei. All subsequent currency has the portrait of Hassanal Bolkiah. In addition, two new higher denominations were issued in 1979. $1 ~ $100 like 1967 series $500 -- pink $1000 -- yellow 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 $1,000 -- red - violet, purple, olive $10,000 -- green, orange 1996 -- 2000 polymer and paper series Fourth Series ( 1996 -- 2000 ) all notes except for the polymer issues are no longer printed. 1996 Polymer and Paper Notes Image Value Dimensions Main Colour Description Date of issue Material Obverse Reverse Obverse Reverse Window / Watermark $1 141 x 69 mm Blue Sultan Hassanal Bolkiah Rainforest Waterfall Coat of Arms of Brunei ( Transparent window ) Polymer $5 Green Rainforest Floor $10 Red Rainforest Canopy $50 158 x 75 mm Brown, Green and Blue Oil Rig Sultan Hassanal Bolkiah ( Watermark ) Paper ( 2 ) $100 Brown, Orange Brunei International Airport ( 3 ) ( 4 ) $500 175 x 81 mm Orange Royal Regalia Building 2000 For table standards, see the banknote specification table. 2004 -- 2007 ( polymer ) series Polymer banknotes were introduced in ( 2004 ) due to high cases of banknote forgery. All of them are polymer. The $100 note of this series has won a gold medal award for its security features in the 22nd National Print Award in Australia in May 2005. 2004 -- 2007 Polymer Notes Image Value Dimensions Main Colour Description Date of Obverse Reverse Obverse Reverse Transparent Window printing issue $50 158 x 75 mm Light Blue and Bronze Sultan Hassanal Bolkiah Rainforest Bushes Various different flora of Brunei 15 July 2004 Hassanal Bolkiah 's 58th birthday $100 Brown and orange Chermin Island ( 5 ) $500 175 x 81 mm Pink Sultan Omar Ali Saifuddien III The Sultan Omar Ali Saifuddien Mosque and the Sultan Haji Hassanal Bolkiah Foundation Building ( Yayasan ) 2006 28 December 2006 ( 6 ) ( 7 ) $1000 182 x 84 mm Grey and Brown Sultan Hassanal Bolkiah The Ministry of Finance Building in Bandar Seri Begawan 21 June 2007 $10,000 180 x 90 mm Gold and Green The Legislative Council ( Parliament ) Building in Bandar Seri Begawan 28 December 2006 For table standards, see the banknote specification table. The S $ 10,000 and B $10,000 notes are the world 's most valuable banknotes, worth USD 8000 as of September 2014 ( that are officially in circulation ). They are worth eight times as much as the next most valuable, the 1000 Swiss franc note ( USD 1063 ). 2011 polymer series $1 -- blue ( 2011 ) $5 -- green and yellow ( 2011 ) $10 -- red, yellow and brown ( 2011 ) To commemorate the 65th birthday of Sultan Hassanal Bolkiah. Shortly after the notes were issued, the Braille dots on the upper left front corner of the new polymer notes are not raised. The Braille dots can not be felt tactilely, and they are not accurately rendered as Braille numbers corresponding to the denominations. Specifically, the spacing of the dots is wrong, and they lack the lead - in character that indicates that numbers follow. Commemorative banknotes $25 -- purple and beige ( 1992 ) This was issued during the silver jubilee ( 25th anniversary ) of 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 celebrated the 40th anniversary of the Currency Interchangeability Agreement ( since 12 June 1967 ) by joint - issuing commemorative $20 notes. 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. 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 crests 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. The circulation version has been available since 16 July 2007. $50 - yellow ( polymer, 2017 ) In 2017, both Brunei and Singapore issued $50 polymer banknotes in commemoration of the 50th Anniversary of its Currency Interchangeability Agreement. $50 - yellow ( polymer, 2017 ) In 2017, the Monetary Authority of Brunei Darussalam ( Autoriti Monetari Brunei Darussalam ) issued a $50 polymer banknote to commemorate the 50th anniversary of Sultan Hassan al - Bolkiah 's accession to the throne. Current BND exchange rates From Google Finance : AUD CAD CHF EUR GBP HKD JPY USD MYR IDR From Yahoo ! Finance : AUD CAD CHF EUR GBP HKD JPY USD MYR IDR From XE : AUD CAD CHF EUR GBP HKD JPY USD MYR IDR From OANDA : AUD CAD CHF EUR GBP HKD JPY USD MYR IDR From fxtop.com : AUD CAD CHF EUR GBP HKD JPY USD MYR IDR See also Economy of Brunei Brunei pitis References Jump up ^ Monetary Authority of Singapore. `` The Currency Interchangeability Agreement ''. Retrieved 23 October 2012. Jump up ^ Monetary Authority of Singapore. `` The Currency Interchangeability Agreement ''. Retrieved 23 October 2012. ^ Jump up to : `` Brunei History seen through its coinage ''. Brunei Times. Archived from the original on 22 July 2012. Retrieved 25 January 2012. ^ Jump up to : `` Brunei 's currency notes before 1967 ''. ^ Jump up to : Basic Commerce for Brunei Darussalam. p. 23. Jump up ^ Basic Commerce for Brunei Darussalam. p. 22. Jump up ^ Ministry of Finance Archived 15 March 2008 at the Wayback Machine. Jump up ^ Linzmayer, Owen ( 2011 ). `` Brunei ''. The Banknote Book. San Francisco, CA : www.BanknoteNews.com. Retrieved 21 August 2011. Jump up ^ The Brunei Times ( 28 December 2006 ). `` Brunei issues new $10,000 bank note ''. Archived from the original on 9 February 2008. Retrieved 28 January 2008. Jump up ^ PARITY DEMOCRACY and MONEY : Annual Meetings Paper 11, COUNCIL for PARITY DEMOCRACY. Retrieved 18 November 2012. Jump up ^ A poster released by the Autoriti Monetari Brunei Darussalam ( Monetary Authority of Brunei Darussalam ) that explains the security features on the 1 ringgit / dollar polymer banknote Archived 20 May 2013 at the Wayback Machine. Jump up ^ A poster released by the Autoriti Monetari Brunei Darussalam ( Monetary Authority of Brunei Darussalam ) that explains the security features on the 5 ringgit / dollar polymer banknote Archived 21 May 2013 at the Wayback Machine. Jump up ^ A poster released by the Autoriti Monetari Brunei Darussalam ( Monetary Authority of Brunei Darussalam ) that explains the security features on the 10 ringgit / dollar polymer banknote Archived 21 May 2013 at the Wayback Machine. Jump up ^ Brunei new 1 -, 5 -, and 10 - dollar notes confirmed, BanknoteNews.com. Retrieved 27 July 2011. Jump up ^ Brunei 's new notes contain Braille blunder, BanknoteNews.com. Retrieved 19 August 2011. Jump up ^ Accuracy of Braille in banknotes questioned, The Brunei Times. 9 August 2011. Retrieved 20 August 2011. Jump up ^ Monetary Authority of Singapore ( 27 June 2007 ). `` Commemorating the 40th Anniversary the Currency Interchangeability Agreement ''. Retrieved 30 July 2007. ^ Jump up to : Monetary Authority of Singapore ( 27 June 2007 ). `` Annex 1, Commemorating the 40th Anniversary the Currency Interchangeability Agreement '' ( PDF ). Retrieved 30 July 2007. Jump up ^ Monetary Authority of Singapore ( 27 June 2007 ). `` $20 Polymer Note to Commemorate 40 Years of the Currency Interchangeability Agreement ''. Retrieved 30 July 2007. Jump up ^ Currency Interchangeability Agreement between Brunei Darussalam and Singapore Monetary Authority of Singapore ( www.mas.gov.sg ). Retrieved on 2017 - 07 - 06. the ten dollar note all colours and value are worth 1000, 000 External links Wikinews has related news : Singapore and Brunei issue joint banknote Autoriti Monetari Brunei Darussalam ( Monetary Authority of Brunei Darussalam ) 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 Brunei articles History Bruneian Empire Castilian War Brunei Civil War White Rajahs British Borneo Japanese occupation Borneo campaign British Military Administration Brunei revolt Regional history Geography Borneo Cities and towns Rivers Wildlife Politics Administrative divisions Districts Mukims Villages Municipalities Cabinet Elections Foreign relations Human rights LGBT LGBT history Law enforcement Melayu Islam Beraja ( national philosophy ) Military Parliament Political parties Sultan Economy Dollar ( currency ) Companies Telecommunications Tourism Transport airports Society Cuisine Culture Demographics Bruneian Ethnicity Education Housing Languages Brunei English Media Music Religion Sports Symbols Anthem Emblem Flag Outline Index Portal Currencies named dollar or similar Circulating Australian dollar Bahamian dollar Barbadian dollar Belize dollar Bermudian dollar Brunei dollar Canadian dollar Cayman Islands dollar Cook Islands dollar Eastern Caribbean dollar Fijian dollar Guyanese dollar Hong Kong dollar Jamaican dollar Kiribati dollar Liberian dollar Namibian dollar New Zealand dollar Samoan tālā Singapore dollar Solomon Islands dollar Surinamese dollar New Taiwan dollar Trinidad and Tobago dollar Tuvaluan dollar United States dollar Circulating, but renamed Chinese yuan Ethiopian birr Malaysian ringgit Obsolete Antigua dollar British Columbia dollar British North Borneo dollar British West Indies dollar Ceylonese rixdollar Confederate States dollar Continental dollar Danish rigsdaler Danish West Indian daler Danish West Indian rigsdaler Dominican dollar Dutch rijksdaalder Greenlandic rigsdaler Grenadan dollar Hawaiian dollar Japanese occupation dollar 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 Prince Edward Island 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 Texas dollar Trinidadian dollar Tobagan dollar Zimbabwean dollar Noncirculating Marshall Islands dollar Nauru dollar Niue dollar Palau dollar Pitcairn Islands dollar Conceptual Eurodollar Petrodollar Geary -- Khamis dollar Virtual Linden dollar Project Entropia Dollar Fictional Angus Bucks Private Arizona dollar Calgary dollar Canadian Tire money Disney dollar Liberty dollar Salt Spring dollar Toronto dollar Bristol Pound See also Dollar sign Half dollar Holey dollar Thaler Tolar Trade dollar Zimbabwean bond coins Zimbabwean bond notes Currencies of Asia Central Kazakhstani tenge Kyrgyzstani som Tajikistani somoni Turkmenistan manat Uzbekistani soʻm East Chinese yuan Hong Kong dollar Japanese yen North Korean won South Korean won Macanese pataca Mongolian tögrög New Taiwan dollar North Russian ruble South Afghan afghani Bangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee Pound sterling British Indian Ocean Territory U.S. dollar British Indian Ocean Territory Southeast Brunei dollar Burmese kyat Cambodian riel East Timorese centavo Indonesian rupiah Lao kip Malaysian ringgit Philippine peso ( piso ) Singapore dollar Thai baht U.S. dollar East Timor Vietnamese đồng West Abkhazian apsar Armenian dram Artsakh dram Azerbaijani manat Bahraini dinar Egyptian pound Gaza Strip Euro Cyprus Georgian lari Iranian rial Iraqi dinar Israeli new shekel Jordanian dinar Kuwaiti dinar Lebanese pound Omani rial Russian ruble ( Abkhazia and South Ossetia ) Qatari riyal Saudi riyal Syrian pound Turkish lira UAE dirham Yemeni rial Retrieved from `` https://en.wikipedia.org/w/index.php?title=Brunei_dollar&oldid=862847709 '' Categories : ISO 4217 Dollar Currencies of Asia Circulating currencies Currencies of the Commonwealth of Nations Economy of Brunei Currencies of Brunei Currency introduced in 1967 Fixed exchange rate Hidden categories : Webarchive template wayback links EngvarB from September 2014 Use dmy dates from September 2014 Articles containing Malay - 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Question: the brunei national dollar (bnd) is pegged at the same value to which currency
Answer: Singapore dollar