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GBP to BND Exchange Rate

Currency Exchange Rates for Brunei Dollar. Currency Information on Brunei Dollar - BND— Brunei Dollar – B$. The foreign exchange currency code for BND represents the Brunei Dollar currency exchange rate.

Here's What You Should Know About the Brunei Dollar

Here is What You Should Know About the Brunei Dollar. Brunei dollar became the currency of the Sultanate of Brunei from the year 1967. Usually represented with the symbol, $ or B$, this currency is divided into 100 sen or cents. The Monetary Authority of Brunei Darussalam (AMDB) issues the Brunei dollar.

Bringing Money into the Country.
Brunei has lenient currency rules. There are no restrictions for foreign currencies being brought to this country, except that the banknotes of India are prohibited. Singapore dollars are of the same value as that of the Brunei dollar. You can carry banknotes of Singapore up to an equivalent of BND 1000. Sterling currency of up to GBP 15 can be carried while you are visiting Brunei. Other foreign currencies up to a maximum amount of BND 350 can be carried. If you want to carry higher amounts, then you can opt for letters of credit or travellers checks. Any Restrictions You can carry a credit card for transactions when you are in Brunei. You may have to end up paying a surcharge, depending on your bank. Major banks and hotels also use travellers checks for transactions. There are no restrictions on direct export or import of the Singapore currency notes and Brunei Darussalam from or to Singapore.

Any Issues.
Though the Singaporean dollar and BSD are of the same value, most of the Singaporean retailers refuse to accept the Brunei currency. This is mainly because the retailers are in the dark about the interchangeable currencies and educating them would help to solve this issue.

Substitutes Currencies and Why.
In order to establish monetary cooperation and bilateral relationship between Singapore and Brunei Darussalam, Currency Interchangeability Agreement was established on 1967. According to this agreement, both the currencies of Singapore and Brunei can be exchanged without charge.

Brief Economic Trend.
Brunei is a small and wealthy country that gains most of its economic support from natural gas and crude oil export. This country is the third largest oil producer in Southeast Asia. With a balanced blend of domestic and foreign entrepreneurship, coupled with age-old traditions and government regulation and welfare measurements, this small nations per capita GDP is high.

Main Country Banks.
The main bank of Brunei is the Autoriti Monetari Brunei Darussalam. Along with this central bank, the nation also has few local banks, like the Bank Islam Brunei Darussalam, Baiduri Bank and Perbadanan Tabung Amanah Islam Brunei. There are foreign banks also like the RHB Bank, HSBC Bank, Maybank, Standard Chartered Bank and UOB Ltd. The Islamic Development Bank of Brunei, Citibank and The Islamic Bank of Brunei are the defunct banks of this small nation.

Convert Pound to Brunei Dollar

Currency Information on BND. Coins in the Brunei Dollar currency are available in the following denominations; 1, 5, 10, 20, 50 cents and banknotes; $1, $5, $10, $20, $25, $50, $100 $500, $1000, $10,000.

One Brunei dollar is divided into 100 sen (‘cents’ in English). The B$ is pegged in equity to the Singapore Dollar at par by the Monetary Authority of Singapore, one of Brunei’s major trading partners. Like many currencies with the name “dollar” the Brunei dollar places a B before the dollar symbol to allow it to be distinguished from other dollar-based currencies. The currency was introduced in 1967.

Convert GBP to BND exchange rate. Buy and sell British Pounds to Brunei Dollar. Convert BND AFN to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to BND - Convert Pound to Brunei Dollar for a Free Online Quote.

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