BRUNEI DARUSSALAM

(BND) Currency News >>

CURRENCY:

Brunei Dollar - BND, Symbol Br$

DENOMINATIONS:

NOTE: Br$10,000, 1,000, 500, 100, 50, 25, 10, 5 and 1

COIN: 50, 20, 10, 5 and 1 cents

US DOLLAR ACCEPTED:

Not specified.

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted in major hotels and shops.

CURRENCY EXCHANGE:

Currency exchange is available at all banks in Brunei

TRAVELLER'S CHEQUES:

Best in US Dollars or Sterling. They are widely accepted in hotels and department stores but it is recommended to carry enough cash.

BANKING HOURS:

Mon-Fri 0900-1500 and Sat 0900-1100

CURRENCY RESTRICTIONS:

There are no import restrictions on local currency. Export of local currency is up to BND 1000 or equivalent (local and Singapore bank note). Import of foreign currency is prohibited for India and Indonesia. Other foreign currency is unlimited. Export of foreign currency is permitted up to the amount imported and declared.

COUNTRY OVERVIEW:

This country is officially called the State of Brunei, Abode of Peace. Brunei is situated on the north edge of an island named Borneo, and is in Southeast Asia. Brunei has been independent from the United Kingdom since 1984. The official language is Malay, and this nation is an Islamic Sultanate - it is ruled by the Sultan who despite a cabinet of ministers is all-powerful. Press is deemed as "Not Free".

POPULATION:

381,371

ECONOMY:

Brunei has a small yet affluent economy. There is production of crude oil and natural gas, which makes up the largest proportion of Gross Domestic Product. The government shows interest in increasing sectors such as banking and tourism. Healthcare is free in Brunei and the government also subsidize housing and rice.