Greysheet Catalog Details
The Brunei Currency Board (BCB) was established on 12 June 1967, by the 1967 Currency Act in Chapter 32 of the Laws of Brunei. As stipulated in Section 9(1) of the Act, it had the sole right to manage and issue currency notes and coins in Brunei. The currency issued by the BCB is designated by Section 13 of the act to serve as legal tender within the state. Brunei Darussalam commenced issuance of its own currency on 12 June 1967. Prior to this date, the Board of Commissioners of Currency which was reconstituted under the Malaya British Borneo Currency Agreement 1960, was the sole currency-issuing authority in Malaysia, the Republic of Singapore, and Brunei Darussalam, which was then known as the State of Brunei. A currency interchangeability agreement was established between Singapore and Brunei Darussalam, which remains in effect. This agreement allows both countries to interchange their currencies at par. The individual currencies are acceptable as customary tender when circulating in the country in which they are not legal tender. For more information, visit www.finance.gov.bn/bcb/bcb_index.htm.