10 Facts About Brunei dollar

1.

Brunei dollar, has been the currency of the Sultanate of Brunei since 1967.

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2.

The Brunei dollar is issued by the Autoriti Monetari Brunei Darussalam .

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3.

Under a Currency Interchangeability Agreement in 1967, the Brunei dollar is interchangeable with the Singapore dollar at par.

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4.

Brunei dollar is famous for its bronze teapots, which were used as currency in barter trade along the coast of northern Borneo.

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5.

The Spanish-American silver dollar brought over by the Manila galleons was in wide use for Brunei's international trade from the 16th to 19th centuries; the 19th century Straits dollar was itself derived from the same coin.

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6.

Brunei dollar replaced the Malaya and British Borneo dollar in 1967 after the formation of Malaysia and the independence of Singapore.

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7.

The Brunei dollar is accepted as "customary tender" in Singapore according to the Currency Interchangeability Agreement, although it is not legal tender there.

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8.

The local 'Pitis' coins had 'Sultanate of Brunei dollar' stamped in front of the coin and the royal umbrella was imprinted at the back.

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9.

The Malayan Brunei dollar was issued by the Board of Commissioners of Currency in Malaya.

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10.

The Malayan Brunei dollar had the portrait of King George VI in front of the note.

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