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Brunei dollar by qilei
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, 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.
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.
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
$50
158 x 75 mm
Brown, Green and Blue
Oil Rig
Sultan Hassanal Bolkiah
(Watermark)
1996
Paper
$100
Brown, Orange
Brunei International Airport
$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 Waterfall
Various different flora of Brunei
15 July 2004
Hassanal Bolkiah’s 58th birthday
$100
Gold
Rainforest Floor
$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
$1000
182 x 84 mm
Blue
Sultan Hassanal Bolkiah
The Ministry of Finance Building
21 June 2007
$10,000
Unknown
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.
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
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See also
Economy of Brunei
Brunei pitis
Coins of the Brunei dollar
References
^ Monetary Authority of Singapore. “The Currency Interchangeability Agreement”. http://www.mas.gov.sg/currency/currency_info/Currency_Interchangeability_Agreement.html. Retrieved 2007-05-22.
^ Ministry of Finance
^ The Brunei Times (2006-12-28). “Brunei issues new $10,000 bank note”. http://www.polymernotes.org/articles/BRN_article_10000.htm. Retrieved 2008-01-28.
^ Monetary Authority of Singapore (2007-06-27). “Commemorating the 40th Anniversary the Currency Interchangeability Agreement”. http://www.mas.gov.sg/news_room/press_releases/2007/Joint_Press_Release_by_the_MOF_Brunei_Darussalam_and_MAS.html. Retrieved 2007-07-30.
^ a b Monetary Authority of Singapore (2007-06-27). “Annex 1, Commemorating the 40th Anniversary the Currency Interchangeability Agreement”. http://www.mas.gov.sg/resource/news_room/press_releases/2007/Joint%20Press%20Release%20by%20the%20Ministry%20of%20Finance,%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”. http://www.mas.gov.sg/news_room/press_releases/2007/20dollars_Polymer_Note_to_Commemorate_40_Years_of_the_Currency_Interchangeability_Agreement.html. 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 e
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 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
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
Obsolete, a.k.a. dollar
Chinese yuan Ethiopian birr
Conceptual
Eurodollar Petrodollar Gearyhamis dollar
Virtual
Linden dollar Project Entropia Dollar
Fictional
Angus Bucks
Private
Antarctican dollar Calgary dollar Canadian Tire money Disney dollar Liberty dollar Toronto dollar
See also
Dollar sign Holey dollar Thaler Trade dollar
v d e
Currencies of Asia
Central
Kazakhstani tenge Kyrgyzstani som Tajikistani somoni Turkmenistani manat Uzbekistani som
East
Chinese yuan (Hong Kong, Macau, Mongolia) Hong Kong dollar Japanese yen Macanese pataca Mongolian tgrg North Korean won New Taiwan dollar South Korean won
North
Russian ruble
South
Afghan afghani Bangladeshi taka Bhutanese ngultrum Indian rupee (Bhutan) Maldivian rufiyaa Nepalese rupee Pakistani rupee (Afghanistan) Sri Lankan rupee U.S. dollar (Afghanistan, British Indian Ocean Territory)
South-East
Brunei dollar (Singapore) Cambodian riel Chinese yuan (Myanmar, Vietnam) Indonesian rupiah Lao kip Malaysian ringgit Myanma kyat Philippine peso Singapore dollar (Brunei) Thai baht U.S. dollar + East Timorese centavo (East Timor) Vietnamese g
West
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Categories: Dollar | Currencies of Asia | Circulating currencies | Economy of Brunei | Currencies of Brunei
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