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As a protectorate of Britain in the early 20th century, Brunei used the Straits dollar from 1906, the Malayan dollar from 1939 and the Malaya and British Borneo dollar from 1953 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 ...
The decision was taken to adopt a native Bruneian currency called the Brunei dollar (or ringgit Brunei in Malay), which is divided into 100 cents (or sen in Malay). The portrait of the then Sultan, Omar Ali Saifuddin III (ruled 1950–1967), is depicted on the obverse.
Brunei is also famous for its bronze teapots, which were used as currency in barter trade along the coast of North Borneo. The first coinage used in Brunei were Chinese coins [5] which were first type of coins to be referred to as the pitis in Brunei. [3] Its use probably started with the Chinese contact with Brunei between the 9th and 12th ...
The Brunei Darussalam Central Bank (abbrev: BDCB; Malay: Bank Pusat Brunei Darussalam) is the central bank of Brunei.In addition to creating the Brunei currency and managing the nation's monetary policy, [2] its major goals consisted of building and upholding domestic price stability, guaranteeing the stability of the financial system, particularly via the creation of prudential standards and ...
A ringgit is the common term for the currency used in Malaysia. Ringgit may also refer to: Brunei dollar (called ringgit in Malay), currency used in Brunei; Singapore dollar, currency used in Singapore
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The Currency Ordinance No. 44 of 1952 of the Crown Colony of Singapore, No. 33 of 1951 of the Federation of Malaya, No. 10 of 1951 of North Borneo and No. 1 of 1951 of Sarawak implemented an agreement between those governments and the State of Brunei for the establishment of a Board of Commissioners of Currency to be the sole issuing authority in British Malaya and British Borneo.
International dollar – hypothetical currency pegged 1:1 to the United States dollar; Jamaican dollar – Jamaica; Kiautschou dollar – Qingdao; Kiribati dollar – Kiribati; Liberian dollar – Liberia; Malaya and British Borneo dollar – Malaya, Singapore, Sarawak, British North Borneo and Brunei; Malayan dollar – Brunei, Malaysia and ...