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Brunei dollar Ringgit Brunei (Malay) ريڠڬيت بروني (Malay) Current Circulating Coins Current Circulating Coins ISO 4217 Code BND Official user(s)  Brunei Unofficial user(s)  Singapore Inflation 2.7% Source The World Factbook, 2008 Pegged with Singapore dollar at par Subunit 1/100 cent Symbol B$ Coins 1, 5, 10, 20, 50 cents Banknotes Freq. used $1, $5, $10, $50, $100 Rarely used $20, $25, $500, $1000, $10 000 Central bank Brunei Currency and Monetary Board Website The ringgit Brunei (Malay) or the Brunei dollar (English, 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 Brunei dollar is managed together with the Singapore dollar at a 1:1 ratio by Monetary Authority of Singapore (MAS). (Singapore is one of Brunei's major trading partners.) Contents 1 History 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 Commemorative 4 See also 5 References 6 External links 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. Main article: Brunei pitis 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 and the Malaya and British Borneo dollar 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 June 23, 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 still maintain the exchangeability of their two currencies. The dollar is accepted as "customary tender" in Singapore according to the Currency Interchangeability Agreement,[1] although it is not legal tender there. Likewise, the Singapore dollar is customarily accepted in Brunei. 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. [2] Banknotes In 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. 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 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 - orange $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 1996-2000 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) 1996 Polymer $5 Green Rainforest Floor $10 Red Rainforest Canopy [2] [3] $50 158 x 75 mm Brown, Green and Blue Oil Rig Sultan Hassanal Bolkiah (Watermark) 1996 Paper [4] [5] $100 Brown, Orange Brunei International Airport [6] [7] $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.[3] 2004-2007 Polymer Notes Image Value Dimensions Main Colour Description Date of Obverse Reverse Obverse Reverse Transparent Window printing issue [8] [9] $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 [10] [11] $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 [12] [13] $1000 182 x 84 mm Grey and Brown Sultan Hassanal Bolkiah The Ministry of Finance Building 21 June 2007 [14] [15] $10,000 180 x 90 mm Gold and Green The Legislative Council Building 28 December 2006 For table standards, see the banknote specification table. 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.[4] 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.[5] 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.[5] The circulation version has been available since 16 July 2007.[6] 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 OzForex: AUD CAD CHF EUR GBP HKD JPY USD MYR IDR From AUD CAD CHF EUR GBP HKD JPY USD MYR IDR From AUD CAD CHF EUR GBP HKD JPY USD MYR IDR See also Economy of Brunei Brunei pitis References ^ Monetary Authority of Singapore. "The Currency Interchangeability Agreement". Retrieved 2007-05-22.  ^ Ministry of Finance ^ The Brunei Times (2006-12-28). "Brunei issues new $10,000 bank note". Retrieved 2008-01-28.  ^ Monetary Authority of Singapore (2007-06-27). "Commemorating the 40th Anniversary the Currency Interchangeability Agreement". Retrieved 2007-07-30.  ^ a b Monetary Authority of Singapore (2007-06-27). "Annex 1, Commemorating the 40th Anniversary the Currency Interchangeability Agreement".,%20Brunei%20Darussalam%20and%20the%20Monetary%20Authority%20of%20Singapore.pdf. Retrieved 2007-07-30.  ^ Monetary Authority of Singapore (2007-06-27). "$20 Polymer Note to Commemorate 40 Years of the Currency Interchangeability Agreement". Retrieved 2007-07-30.  External links Wikinews has related news: Singapore and Brunei issue joint banknote Brunei Currency Board 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 v · d · eCurrencies 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 · 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 · Solomon Islands dollar · Surinamese dollar · New Taiwan dollar · Trinidad and Tobago dollar · Tuvaluan dollar · United States dollar Circulating, but renamed Chinese yuan · Ethiopian birr Obsolete Antigua dollar · British Columbia 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 · Japanese occupation dollar · Kiautschou dollar · Malaya and British Borneo dollar · Malayan dollar · Malaysian 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 · Trinidadian dollar · Tobagan dollar · Zimbabwean dollar Conceptual Eurodollar · Petrodollar · Geary–Khamis dollar Virtual Linden dollar · Project Entropia Dollar Fictional Angus Bucks Private Antarctican dollar · Calgary dollar · Canadian Tire money · Disney dollar · Liberty dollar · Salt Spring dollar · Toronto dollar See also Dollar sign · Half dollar · Holey dollar · Thaler · Trade dollar v · d · eCurrencies of Asia Central Kazakhstani tenge · Kyrgyzstani som · Tajikistani somoni · Turkmenistan manat · Uzbekistani som East Chinese yuan · Hong Kong dollar · Japanese yen · Macanese pataca · Mongolian tögrög · North Korean won · South Korean won · New Taiwan dollar North Russian ruble South Bangladeshi taka · Bhutanese ngultrum · Indian rupee (Bhutan) · Maldivian rufiyaa · Nepalese rupee · Pakistani rupee  · Sri Lankan rupee · U.S. dollar British Indian Ocean Territory) Southeast Brunei dollar (Singapore) · Cambodian riel · Indonesian rupiah · Lao kip · Malaysian ringgit · Myanma kyat · Philippine peso · Singapore dollar (Brunei) · Thai baht · U.S. dollar · East Timorese centavo (East Timor) · Vietnamese đồng West Abkhazian apsar (unrecognized)  · Afghan afghani · Armenian dram (Nagorno-Karabakh) · Azerbaijani manat · Bahraini dinar · Egyptian pound (Gaza Strip) · Euro (Cyprus) · Georgian lari · Iranian rial · Iraqi dinar · Israeli new sheqel (Palestinian terrtories) · Jordanian dinar (West Bank) · Kuwaiti dinar · Lebanese pound · Nagorno-Karabakh dram (unrecognized) · Omani rial · Russian ruble (Abkhazia, South Ossetia) · Qatari riyal · Saudi riyal · Syrian pound · Turkish lira (Northern Cyprus) · UAE dirham · Yemeni rial