# Brunei dollar

> monetary currency of the Sultanate of Brunei

**Wikidata**: [Q206319](https://www.wikidata.org/wiki/Q206319)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Brunei_dollar)  
**Source**: https://4ort.xyz/entity/brunei-dollar

## Summary
The Brunei dollar (BND) is the official currency of the Sultanate of Brunei, serving as the monetary unit for goods, services, and transactions within the country. It is issued by the Central Bank of Brunei Darussalam and is pegged to the Singapore dollar at a fixed exchange rate. The currency is widely accepted across Brunei's economy, which is heavily reliant on oil and gas exports.

## Key Facts
- **Official Name**: Brunei dollar (BND)
- **ISO 4217 Code**: BND
- **Symbol**: B$
- **Issuer**: Central Bank of Brunei Darussalam
- **Exchange Rate**: Pegged to the Singapore dollar (1 BND = 1.893939393939394 SGD)
- **Country**: Sultanate of Brunei (Brunei Darussalam)
- **Start Time**: Introduced in 1967
- **Instance Of**: Currency, Money
- **Aliases**: BND, B$, $
- **Wikipedia Title**: Brunei dollar
- **Wikidata Description**: Monetary currency of the Sultanate of Brunei
- **Sitelink Count**: 58 (Wikipedia language editions)

## FAQs
**What is the Brunei dollar used for?**
The Brunei dollar is used as the official currency for all financial transactions within Brunei, including trade, commerce, and government operations. It is also accepted in neighboring countries due to its fixed exchange rate with the Singapore dollar.

**Who issues the Brunei dollar?**
The Brunei dollar is issued by the Central Bank of Brunei Darussalam, the country's central monetary authority. The bank regulates the currency's circulation and maintains its value.

**How is the Brunei dollar related to the Singapore dollar?**
The Brunei dollar is pegged to the Singapore dollar at a fixed exchange rate of 1 BND = 1.893939393939394 SGD. This peg ensures stability and ease of trade between the two neighboring countries.

**What is the economic significance of the Brunei dollar?**
The Brunei dollar is crucial to Brunei's economy, which is heavily dependent on oil and gas exports. The currency supports the country's high standard of living and economic stability, with no personal income tax.

**How is the Brunei dollar represented digitally?**
The Brunei dollar is represented digitally through various identifiers, including ISO 4217 codes (BND), Unicode symbols (B$), and digital currency codes (CCY_BND). It is also referenced in financial databases and digital payment systems.

## Why It Matters
The Brunei dollar plays a vital role in the economic and financial landscape of Brunei Darussalam. As the official currency, it facilitates trade, investment, and government operations, supporting the country's oil and gas-based economy. The fixed exchange rate with the Singapore dollar enhances regional economic integration and stability. Additionally, the Brunei dollar reflects the country's commitment to Islamic financial principles and modern economic policies, making it a unique case study in currency management.

## Notable For
- **Fixed Exchange Rate**: Pegged to the Singapore dollar, ensuring stability and ease of trade between Brunei and Singapore.
- **No Personal Income Tax**: Supports a high standard of living for Bruneians, contributing to the country's economic prosperity.
- **Oil and Gas Dependency**: The currency is closely tied to Brunei's wealth from oil and gas exports, driving its economic growth.
- **Digital Representation**: Has standardized digital identifiers (ISO 4217, Unicode) for global financial transactions.
- **Central Bank Regulation**: Issued and regulated by the Central Bank of Brunei Darussalam, ensuring monetary control and stability.

## Body
### Currency Basics
The Brunei dollar (BND) is the official currency of Brunei Darussalam, issued by the Central Bank of Brunei Darussalam. It is pegged to the Singapore dollar at a fixed exchange rate of 1 BND = 1.893939393939394 SGD, ensuring stability and ease of trade between the two neighboring countries. The currency is widely accepted across Brunei's economy, which is heavily reliant on oil and gas exports.

### Economic Role
The Brunei dollar is crucial to Brunei's economy, which is heavily dependent on oil and gas. The country's nominal GDP in 2022 was approximately USD 16.68 billion, with oil and gas accounting for the majority of export revenues and government income. The absence of personal income tax supports a high standard of living for Bruneians, contributing to the country's economic prosperity.

### Digital and Financial Representation
The Brunei dollar is represented digitally through various identifiers, including ISO 4217 codes (BND), Unicode symbols (B$), and digital currency codes (CCY_BND). It is also referenced in financial databases and digital payment systems, ensuring its use in global financial transactions.

### Regulatory Framework
The Brunei dollar is issued and regulated by the Central Bank of Brunei Darussalam, the country's central monetary authority. The bank regulates the currency's circulation and maintains its value, ensuring economic stability and control.

### Historical Context
The Brunei dollar was introduced in 1967, following Brunei's independence from British colonial rule. The currency has evolved alongside the country's economic development, particularly in the oil and gas sector, which has been a cornerstone of Brunei's economy.

### Related Entities
The Brunei dollar is connected to several related entities, including the Central Bank of Brunei Darussalam, the Sultanate of Brunei, and the Singapore dollar. These connections highlight the currency's role in regional economic integration and financial stability.

### Conclusion
The Brunei dollar is a key component of Brunei's economic and financial system, supporting the country's oil and gas-based economy and high standard of living. Its fixed exchange rate with the Singapore dollar and digital representation ensure its relevance in global financial transactions. The currency reflects Brunei's commitment to economic stability, Islamic financial principles, and modern governance.

## References

1. Freebase Data Dumps. 2013