Currency Rate
Brunei Dollar to USD
Our Currency Rate BND latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the BND. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
BND 0.668473
Selling rate
BND0.810142
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The Brunei dollar (symbol: $; code: BND) is the official currency of Brunei, pegged 1:1 with the Singapore dollar.
Currency Details
- Country code BN
- Symbol BND
- ISO Code BND
- Subunits 1 Dollar = 100 Cents
Coins
- 1 cent
- 5 cents
- 10 cents
- 20 cents
- 50 cents
Banknotes
- 1 dollar
- 5 dollars
- 10 dollars
- 20 dollars
- 25 dollars
- 50 dollars
- 100 dollars
- 500 dollars
- 1000 dollars
- 10000 dollars
The Brunei Dollar, commonly abbreviated as BND, is the official currency of Brunei Darussalam. Known locally as the "dollar," the BND is symbolized as "$" or "B$." Introduced in 1967, the Brunei dollar replaced the Malaya and British Borneo dollar, reflecting Brunei's economic and political independence.
History and Background
The Brunei Dollar was introduced on June 12, 1967, to replace the Malaya and British Borneo dollar at par. This change aligned Brunei’s currency with its new status as an independent nation within the Commonwealth.
Economic Significance
The BND is crucial to Brunei's economy, facilitating trade, investment, and economic development. Brunei's economy is predominantly reliant on oil and natural gas exports, which account for a significant portion of government revenue. The stability of the Brunei dollar is supported by the country’s substantial foreign reserves and prudent fiscal policies.
Usage and Exchange
The BND is widely accepted across Brunei for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Brunei dollars is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Brunei Dollar is more than just a currency; it is a symbol of Brunei's economic stability and its rich cultural heritage. Understanding the BND is essential for anyone engaging with Brunei's dynamic economy, whether you are a resident or a visitor. The dollar's stability and accessibility play a crucial role in the country's economic resilience and growth.
History and Background
The Brunei Dollar was introduced on June 12, 1967, to replace the Malaya and British Borneo dollar at par. This change aligned Brunei’s currency with its new status as an independent nation within the Commonwealth.
Economic Significance
The BND is crucial to Brunei's economy, facilitating trade, investment, and economic development. Brunei's economy is predominantly reliant on oil and natural gas exports, which account for a significant portion of government revenue. The stability of the Brunei dollar is supported by the country’s substantial foreign reserves and prudent fiscal policies.
Usage and Exchange
The BND is widely accepted across Brunei for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Brunei dollars is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Brunei Dollar is more than just a currency; it is a symbol of Brunei's economic stability and its rich cultural heritage. Understanding the BND is essential for anyone engaging with Brunei's dynamic economy, whether you are a resident or a visitor. The dollar's stability and accessibility play a crucial role in the country's economic resilience and growth.