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The Bruneian Dollar (BND) is the official currency of Brunei Darussalam, issued by the Monetary Authority of Brunei Darussalam. Introduced in 1967, it replaced the Malayan and British Borneo dollar. The Bruneian Dollar is pegged 1:1 to the Singapore Dollar (SGD) under an agreement that allows both currencies to be used interchangeably in Brunei and Singapore. The Brunei economy is heavily reliant on oil, natural gas, and investment returns, making the stability of the BND crucial to the nation's financial system.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.