Brunei Dollar


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Brunei Dollar

The currency of Brunei. In Malay, the dollar is called the Brunei ringgit. Established in 1967, it is pegged to the Singaporean dollar at a 1:1 ratio. This means that the Brunei dollar effectively floats, but is monitored against an undisclosed currency basket maintained by the Monetary Authority of Singapore.
References in periodicals archive ?
The Brunei High Court has ruled Sultan Hassanal Bolkiah's youngest brother can spend half a million Brunei dollars monthly to keep up his lifestyle, but the largesse is still far less than he deemed necessary.

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