BNDBrunei DollarBrunei Dollar (BND)
The Brunei dollar is Brunei Darussalam's legal-tender currency. Brunei Darussalam Central Bank, or BDCB, is the sole issuer of Brunei notes and coins under the Currency Order framework. One dollar is divided into 100 cents, and BND is the ISO code used in financial records and exchange-rate systems. The most distinctive fact about BND is its formal relationship with Singapore: the two currencies are maintained at par under the Currency Interchangeability Agreement. That does not mean every merchant must accept the other country's notes. The official arrangement distinguishes what monetary authorities and licensed banks must exchange from what individual retailers may choose to accept.
- ISO code
- BND
- Symbol
- $
- Region
- Asia Pacific
- Currency type
- Fiat currency
- Exchange system
- Brunei Dollar operates under the reviewed currency-board arrangement with the singapore dollar at par arrangement, with Singapore dollar.
- Last reviewed
Convert this currency
BND converter
BNDRate date:
Quick facts
BND at a glance
Currency profile
How BND works
The Brunei dollar is Brunei Darussalam's legal-tender currency. Brunei Darussalam Central Bank, or BDCB, is the sole issuer of Brunei notes and coins under the Currency Order framework. One dollar is divided into 100 cents, and BND is the ISO code used in financial records and exchange-rate systems. The most distinctive fact about BND is its formal relationship with Singapore: the two currencies are maintained at par under the Currency Interchangeability Agreement. That does not mean every merchant must accept the other country's notes. The official arrangement distinguishes what monetary authorities and licensed banks must exchange from what individual retailers may choose to accept.
Brunei Darussalam Central Bank administers BND within a currency-board arrangement with the singapore dollar at par system.
- The current Currency Board and Currency Interchangeability framework dates from 1967.
- The reviewed cash profile records BND 1, BND 5, BND 10, BND 20, BND 50, BND 100, BND 500, BND 1,000 for banknotes and 1, 5, 10, 20 and 50 cents for coins.
Context
Why this currency matters
BDCB describes Brunei's system as a currency-board arrangement backed by reserves and linked to the Singapore dollar at one-to-one value. Under the Currency Interchangeability Agreement, the monetary authorities and licensed banks in both countries accept and exchange each other's currencies at equal value without charge into their own currency. BDCB also explains that the other country's money is customary tender rather than automatically legal tender at every business. That boundary is important for travelers: a Singapore dollar may be usable in Brunei, but a retailer can still set its own acceptance policy. BND reference conversions should be read as dated data, while physical exchange can still involve convenience costs outside the official interbank arrangement. Brunei's dollar has a documented one-to-one exchange arrangement with the Singapore dollar, but that does not mean every shop or service must accept Singapore notes on identical terms. The distinction between the monetary arrangement and merchant practice is important for travelers. BND remains the currency code for Brunei prices, accounts and payment records.
Monetary framework
Exchange arrangement
Brunei Dollar operates under the reviewed currency-board arrangement with the singapore dollar at par arrangement, with Singapore dollar.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for BND
Brunei dollar introduced
BND replaced the Malaya and British Borneo dollar as Brunei's national currency.
Brunei Darussalam Central BankCurrency interchange agreement
Brunei and Singapore established the one-to-one interchange arrangement between their dollars.
Brunei Darussalam Central BankFiftieth anniversary series
Brunei issued commemorative currency marking fifty years of the interchange agreement.
Brunei Darussalam Central Bank
Usage and economy
How BND is used
- BND is used for wages, government revenue, retail payments and banking across Brunei.
- The Brunei-Singapore interchange framework makes BND-SGD comparisons especially important for regional cash and settlement.
Banknotes and coins
BND currency units
The issuing authority documents the reviewed BND banknote denominations used in the current cash system.
The issuing authority documents the circulation coin system for BND.
One Brunei Dollar unit is recorded with 2 decimal places and uses Cent as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
BND questions
Is BND fixed to SGD?
Yes. BDCB describes the Brunei dollar and Singapore dollar as equal in value under the Currency Interchangeability Agreement.
Must every Singapore merchant accept BND?
No. BDCB distinguishes customary tender from legal tender. Monetary authorities and licensed banks have exchange obligations, while individual businesses may set their own acceptance policy.
Who issues Brunei dollar notes and coins?
Brunei Darussalam Central Bank is the only institution authorized to issue Brunei notes and coins under the Currency Order framework.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.