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Money and Shopping in Brunei


Money and Shopping in Brunei

The local currency is the Brunei Dollar (B$) you might hear Ringgit used to refer to the Dollar but be sure that participants are not talking about the Malaysian Ringgit (MYR) which is valued at less than half a B$ . As of January 2010 $1 BND = 2.421 MYR = 0.449 GBP = 0.512 EUR = 0.705 USD The Brunei Dollar is tied to the Singapore Dollar at a 1:1 rate. By law both currencies can be used interchangeably, so if you're coming in from Singapore, there's no reason to change money as your cash will be readily accepted. (Likewise, any leftover Brunei Dollars can be used at par in Singapore.) However, many stores refuse Singapore notes with seemingly microscopic tears in them, and notices to this effect are posted at the cash register. Malaysian Ringgit (RM) will also be accepted in a pinch, but the exchange rate may not be in your favour. The Ringgit is not available at Brunei banks but can be obtained from moneychangers. The Brunei Dollar is divided into 100 cents. There are banknotes from B$1 to a whopping B$10,000 (handy if you're shopping for Rolls-Royces) and coins of 1 to 50 cents. All smaller notes and the 2004 series of larger notes are printed as brightly coloured polymer notes.

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Brunei Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.

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