The unit currency is the Brunei dollar, divided into 100 cents. Exchange Rate: US$1.00 = between B$1.43 and B$1.60 The local currency is Brunei dollars and cents. Dollar notes are available in denominations of $1, $5, $10, $50, $100, $1,000. Coins are in 1, 5, 10, 20, and 50 cents denominations. Brunei currency is on par with the Singapore dollars.

The Very Highest Quality Brunei Coins

Paper Money Currency of Brunei Darussalam

Banks

Brunei Darussalam is well served by several commercial banks with branches throughout the country. The first banking was opened more than fifty years ago when the Government set up the Post Office Savings Bank (POSB) in 1935.

Brunei Darussalam operates a Currency Board system and has no Central Bank. The Government under the Banking Acts and Finance Companies Act regulates the banking industry. The Ministry of Finance through the Financial Institutions Division closely regulates all banking activities to ensure a stable and fiscally sound business environment. The Brunei Currency Board is responsible for issuing and managing the currency.

The Brunei Dollar is at par with the Singapore Dollar and are both freely traded in the respective countries. There are currently no exchange controls in Brunei. Money changer facilities are also available.

The banks continue to support local businessmen in their endeavor and thus help in the development of Brunei Darussalam.

There are 9 banks (3 incorporated in Brunei) with branches throughout the country.

Banking Hours

9am to 4pm on weekdays and 9am to 11am on Saturdays. Most banks handle travellers cheques and currency exchange and are government approved for these transactions.