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The Brunei dollar ( sign: B$, 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 Darussalam Central Bank (abbrev: BDCB; Malay: Bank Pusat Brunei Darussalam) is the central bank of Brunei.In addition to creating the Brunei currency and managing the nation's monetary policy, its major goals consisted of building and upholding domestic price stability, guaranteeing the stability of the financial system, particularly via the creation of prudential standards and ...
The decision was taken to adopt a native Bruneian currency called the Brunei dollar (or ringgit Brunei in Malay ), which is divided into 100 cents (or sen in Malay). The portrait of the then Sultan, Omar Ali Saifuddin III (ruled 1950–1967), is depicted on the obverse. The reverse of these coins, and all subsequent series, was designed by ...
The Ministry of Finance and Economy ( MoFE; Malay: Kementerian Kewangan dan Ekonomi) is a cabinet-level ministry in the government of Brunei which is responsible for the monetary, fiscal and economic policies and development in the country. It was established immediately upon Brunei's independence on 1 January 1984. [1]
Brunei, [b] officially State of Brunei, and formally Brunei Darussalam, [c] [d] is a country in Southeast Asia, situated on the northern coast of the island of Borneo. Apart from its coastline on the South China Sea, it is completely surrounded by the Malaysian state of Sarawak, with its territory bifurcated by the Sarawak district of Limbang.
The Brunei dollar is one of strongest currencies in the Association of Southeast Asian Nations (ASEAN) region, a factor discouraging tourists in the region from visiting Brunei. One Brunei dollar is equal to around 10,740 Indonesian rupiah, 3.10 Malaysian ringgit, 36.2 Philippine peso and 23.6 Thai baht. According to some travel agencies ...
In 1999, Brunei's natural gas production reached 90 cargoes per day. A small amount of natural gas is used for domestic power generation. Brunei is the fourth-largest exporter of LNG in the Asia-Pacific region behind Indonesia, Malaysia, and Australia. Brunei's proven oil and gas reserves are sufficient, as of 2015, to last until at least 2035.
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 the Singapore dollar. As of 2022, the Singapore dollar is the 10th most-traded currency in the world by value.