BND (Brunei Dollar)

The currency abbreviation, or currency symbol, for the Brunei dollar (BND), the currency for Brunei, which also acceptable tender in Singapore. The Brunei dollar is made up of 100 sen (also known as cents in English) and is often presented with the symbol B$. The dollar is pegged to the Singapore dollar 1:1 and is called the "ringgit Brunei" in the Malay language.

The Brunei dollar was introduced by the Sultanate of Brunei in 1967. Before 1967, the Malaya and British Borneo dollar was used. According to the Currency Interchangeability Agreement, the Brunei dollar is accepted as customary tender in Singapore. Singapore is one of Brunei's largest trading partners, and having a peg of 1:1 and an interchangeable currency pair greatly reduces exchange rate risk.


Investment dictionary. . 2012.

Look at other dictionaries:

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  • Brunei dollar — Infobox Currency currency name in local = ringgit Brunei ms icon ريڠڬيت بروني languageicon|ms|Jawi Malay image 1 = Brunei 2006 circulating coins.jpg image title 1 = Current Circulating Coins iso code = BND using countries = BRU SIN inflation rate …   Wikipedia

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  • Brunei — Bruneian, adj., n. /broo nuy , nay /, n. a sultanate under British protection on the NW coast of Borneo: formerly a British protectorate; gained independence 1984. 307,616; 2220 sq. mi. (5750 sq. km). Cap.: Bandar Seri Begawan. Official name,… …   Universalium

  • Brunei — ‏برني دارالسلام‎ Negara Brunei Darussalam Sultanat Brunei Darussalam …   Deutsch Wikipedia

  • Brunei Darussalam — برني دارالسلام Negara Brunei Darussalam Sultanat Brunei Darussalam …   Deutsch Wikipedia

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