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					HistoryEarly 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 pitisBrunei
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.
CoinsMain article: Coins of the Brunei dollarIn 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. BanknotesIn 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 seriesFirst 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
seriesSecond 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 seriesThird 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
SeriesFourth Series (1996-2000) all notes except for the polymer issues
are no longer printed.1996 Polymer and Paper
NotesImageValueDimensionsMain ColourDescriptionDate of
issueMaterialObverseReverseObverseReverseWindow / Watermark$1141 x 69
mmBlueSultan Hassanal BolkiahRainforest WaterfallCoat of Arms of
Brunei(Transparent window)1996Polymer$5GreenRainforest
Floor$10RedRainforest Canopy$50158 x 75 mmBrown, Green and BlueOil
RigSultan Hassanal Bolkiah(Watermark)1996Paper$100Brown, OrangeBrunei
International Airport$500175 x 81 mmOrangeRoyal Regalia Building2000For
table standards, see the banknote specification table. 2004-2007
(polymer) seriesPolymer 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
NotesImageValueDimensionsMain ColourDescriptionDate
ofObverseReverseObverseReverseTransparent Windowprintingissue$50158 x 75
mmLight Blue and BronzeSultan Hassanal BolkiahRainforest WaterfallVarious
different flora of Brunei15 July 2004Hassanal Bolkiah's 58th
birthday$100GoldRainforest Floor$500175 x 81 mmPinkSultan Omar Ali
Saifuddien IIIThe Sultan Omar Ali Saifuddien Mosque and the Sultan Haji
Hassanal Bolkiah Foundation Building (Yayasan)200628 December
2006$1000182 x 84 mmBlueSultan Hassanal BolkiahThe Ministry of Finance
Building21 June 2007$10,000UnknownGreenThe Legislative Council Building28
December 2006For 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 ratesFrom Google
Finance:AUD CAD CHF EUR GBP HKD JPY USD MYR IDRFrom Yahoo! Finance:AUD
CAD CHF EUR GBP HKD JPY USD MYR IDRFrom XE.com:AUD CAD CHF EUR GBP HKD
JPY USD MYR IDRFrom OANDA.com:AUD CAD CHF EUR GBP HKD JPY USD MYR IDR See
alsoEconomy of BruneiBrunei pitisCoins 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_b
y_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%20Pres
s%20Release%20by%20the%20Ministry%20of%20Finance,%20Brunei%20Darussalam%2
0and%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_Not
e_to_Commemorate_40_Years_of_the_Currency_Interchangeability_Agreement.ht
ml. Retrieved 2007-07-30.  External linksWikinews has related news:
Singapore and Brunei issue joint banknoteBrunei Currency BoardPreceded
by:Malaya and British Borneo dollarReason: Currency AgreementRatio: at
par, or 60 dollars = 7 British poundsCurrency of Brunei, Singapore1967
Concurrent with: Singapore dollarSucceeded
by:Currentv  d  eCurrencies named dollar or
similarCirculatingAustralian dollar  Bahamian dollar  Barbadian
dollar  Belize dollar  Bermudian dollar  Brunei
dollar  Canadian dollar  Cayman Islands dollar  Cook
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Zealand dollar  Samoan tala  Singapore dollar  Solomon
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dollarChinese yuan  Ethiopian birrConceptualEurodollar 
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Entropia DollarFictionalAngus BucksPrivateAntarctican dollar 
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dollar  Thaler  Trade
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tenge  Kyrgyzstani som  Tajikistani somoni  Turkmenistani
manat  Uzbekistani somEastChinese yuan (Hong Kong, Macau,
Mongolia)  Hong Kong dollar  Japanese yen  Macanese
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dollar  South Korean wonNorthRussian rubleSouthAfghan afghani 
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(Bhutan)  Maldivian rufiyaa  Nepalese rupee  Pakistani
rupee (Afghanistan)  Sri Lankan rupee  U.S. dollar
(Afghanistan, British Indian Ocean Territory)South-EastBrunei 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
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pound  Omani rial  Russian ruble (Abkhazia, South
Ossetia)  Qatari riyal  Saudi riyal  Syrian pound 
Turkish lira (Northern Cyprus)  UAE dirham  Yemeni rial
Categories: Dollar | Currencies of Asia | Circulating currencies |
Economy of Brunei | Currencies of Brunei

				
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