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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 ...
Fixed currency Anchor currency ... Indian rupee: 1 Bolivian boliviano ... Bosnia and Herzegovina convertible mark: Euro: 1.95583 Brunei dollar: Singapore dollar: 1 ...
In 1967, the Malaya and British Borneo dollar was replaced by three new currencies: the Malaysian dollar, Singapore dollar and the Brunei dollar, all at par. [7] The Interchangeability Agreement which the three countries adhered to as original members of the currency union meant the Brunei dollar was exchangeable at par with the Singapore ...
The Department of Economic Planning and Statistics (DEPS) [a] is a government department overseen by the Ministry of Finance and Economy (MoFE). The department is in accordance to Wawasan Brunei 2035, it wants to support Brunei's long-term, sustainable economic growth by providing globally-recognised statistical data, implementation of the National Development Plan (NDP), and planning.
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.
It was renamed the Islamic Bank of Brunei (IBB) in 1993, and the Development Bank of Brunei (DBB) was founded in 1995. Afterwards, DBB changed its name to the Islamic Development Bank of Brunei (IDBB) in 2001. In 2005, IBB and IDBB underwent a crucial merger that led to the establishment of Bank Islam Brunei Darussalam (BIBD).
The Brunei dollar and the Singapore dollar are maintained at par. In August 2005, Brunei 's Foreign Affairs and Trade Minister, Prince Mohamed Bolkiah arrived in Singapore for a three-day visit during which the two countries signed an agreement to eliminate double taxation, paving the way for further bilateral trade and investment.
In honour of the 50th anniversary of the Currency Interchangeability Agreement (CIA), Al-Muhtadee Billah and Teo Chee Hean launched a special exhibition named "Abode of Peace & the Lion City: A Brunei-Singapore Exhibition" has opened at the art gallery at the Dermaga Diraja Bandar Seri Begawan on 4 November 2017. The exhibition in Bandar Seri ...