Brunei Dollar

About The Brunei Dollar: The Currency of Brunei

Quick Facts About the Brunei Dollar Notes

Country of Origin	Brunei
Symbol	$ and B$
Currency Code	BND
Nick Names
Minor units	Sen
Denominations (Banknotes)	$1, $5, $10, $20, $25, $50, $100, $500, $1000 and $10,000
Motto
Identification Feature	On the obverse side of $10,000 note, you can find the image of Sultan Hassanal Bolkiah.
Issuing Bank	Autoriti Monetari Brunei Darussalam
In Circulation Since	June 12, 1967

The Bruneian shilling was the previous national currency of the Sultanate of Brunei until 1967, when it was replaced by the Brunei dollar. The symbol representing the dollar is frequently abbreviated as $, or sometimes as B$ in order to distinguish it from other currencies with a dollar-based value. One sen is equal to one hundred cents. The printing of Brunei dollars is the responsibility of the Central Bank of Brunei Darussalam, which is also known as the Autoriti Monetari Brunei Darussalam.

The live Brunei dollar rate is INR (⚠️ 🔄) . You can keep an eye on the real-time Brunei dollar price.

History of the Brunei Dollar

In Brunei, the use of coins stretches all the way back to the 10th century. Brunei has adopted the use of the Straits dollar as its official currency since from the year 1906. Because of the close ties that Brunei had with China at the time, the country's currency was originally made of Chinese coins. This condition was formerly known by the name "Pitis."

In Brunei, duit besi, a type of coin, was also used, which literally translates to "iron money." Iron was once considered to have such a great value that it was even used as a form of payment in earlier times.

The Bruneian government (Kerajaan Brunei) first began producing bills with face values of 1, 5, 10, 50, and 100 dollars on June 12, 1967. These bills were initially printed in Brunei. In 1979, 500 and 1000-dollar banknotes were first introduced into circulation.

The Malayan and British Borneo dollars were succeeded by the Brunei dollar in 1967, the same year that Malaysia and Singapore became independent nations. Up to the 23rd of June in 1973, the Malaysian ringgit was fixed in relation to the Singapore dollar as well as the Brunei dollar. The efforts of the Monetary Authority of Singapore and the Authoriti Monetari Brunei Darussalam have ensured that the Singapore Dollar and the Brunei Dollar can continue to be freely exchanged with one another. The Currency Interchangeability Agreement allows for the United States dollar to be accepted as "customary tender," despite the fact that it is not officially recognised as a form of currency in Singapore.

The name of the nation was changed formally in 1989 to the Malay phrase for "State of Brunei, Abode of Peace," and this new name is now represented on the paper money of the nation. Around the same time, the first banknotes for $10,000 were printed. On each note, the denomination is printed in English as well as the two different scripts used in Malay: Rumi and Jawi.

Unlike the previous series, in which the English denomination was placed below the Malay denomination on the reverse of the coin, the new series places the English denomination on the back of the coin, next to the Jawi script.

Countries Accepting the Brunei Dollar

Amount in the Brunei Dollar You Should Carry for Your Trip

The overall cost of a vacation is determined by a number of different factors, such as the location of the trip, the mode of transportation taken to get there, the type of lodging that is reserved, and the amount of money spent while at the destination.

A visitor in Brunei might spend approximately B$60 per day on entertainment and leisure activities. Plan on spending more than B$200 Canadian dollars per person, per day in order to take advantage of luxury amenities and services such as private transportation, gourmet meals, and lodging in hotels with a rating of five stars or higher. It is not uncommon for the total cost of a vacation in Brunei for two people to range between B$120 to B$400.

There are certain hotels in Brunei that charge as much as B$17 per day for a standard room, but the average cost of a hotel stay in this country is approximately B$50 per night. Your daily transportation costs in Brunei could run anywhere from B$15 to B$30, depending on whether you choose to walk, ride the bus, or call a cab.

You can check the Brunei dollar rate today in order to plan a cost-effective vacation.