Brunei dollar

Brunei dollar

Ringgit Brunei Template:Ms icon ريڠڬيت بروني Template:Language icon
File:BruneiNew1Dollar65.jpg New 1 dollar polymer note (2011) New 5 dollar polymer note (2011)
ISO 4217
Code	BND (numeric: 096)
Subunit	0.01
Unit
Symbol	B$‎
Denominations
Subunit
1/100	cent
Banknotes
Freq. used	$1, $5, $10, $50, $100
Rarely used	$20, $25, $500, $1000, $10,000
Coins	1, 5, 10, 20, 50 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	2.7%
Source	The World Factbook, 2008
Pegged with	Singapore dollar at par

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-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 the Monetary Authority of Singapore (MAS). (Singapore is one of Brunei's major trading partners.)

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 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 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 (now the Autoriti 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. Likewise, the Singapore dollar is customarily accepted in Brunei. Although the value of the Brunei dollar is the same as the Singapore dollar, the exchange rate to consumers is often much lower if Brunei dollars are exchanged, especially in Canada, U.S., and Belgium.

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.

Banknotes

On June 12, 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 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
File:Brunei 1dollar polimer front.JPG	File:Brunei 1dollar polimer back.JPG	$1	141 x 69 mm	Blue	Sultan Hassanal Bolkiah	Rainforest Waterfall	Coat of Arms of Brunei (Transparent window)	1996	Polymer
File:Brunei 5dollar polymer front.JPG	File:Brunei 5dollar polymer back.JPG	$5		Green		Rainforest Floor
File:Brunei 10dollar polymer front.JPG	File:Brunei 10dollar polymer back.JPG	$10		Red		Rainforest Canopy
		$50	158 x 75 mm	Brown, Green and Blue		Oil Rig	Sultan Hassanal Bolkiah (Watermark)	1996	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
File:50 Dollar Brunei Currency note.jpg	File:50 Brunei dollar note (back).jpg	$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
File:Brunei 100dollar polymer front.JPG	File:Brunei 100dollar polymer back.JPG	$100		Brown and orange		Chermin Island
File:500 Brunei Dollar Note.jpg	[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
	File:Reverse of 10000 Brunei Dollar Bill.jpg	$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.

2011 Polymer Series

• $1 - blue (2011)
• $5 - green and yellow (2011)
• $10 - Red, yellow and brown (2011)

To commemorate the 65th birthday of HM 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 cannot 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 the lack the lead-in character that indicates that numbers follow.

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.

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 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.

The circulation version has been available since 16 July 2007.

Current BND exchange rates
From Google Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD MYR IDR
From Yahoo! Finance:	AUD CAD CHF CNY EUR GBP HKD JPY USD MYR IDR
From XE.com:	AUD CAD CHF CNY EUR GBP HKD JPY USD MYR IDR
From OANDA:	AUD CAD CHF CNY EUR GBP HKD JPY USD MYR IDR

See also

• Economy of Brunei
• Brunei pitis

External links

• 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