The Brunei Darussalam Central Bank (abbrev: BDCB; ) is the central bank of Brunei. In addition to creating the Brunei currency and managing the nation's monetary policy,[2] its major goals consisted of building and upholding domestic price stability, guaranteeing the stability of the financial system, particularly via the creation of prudential standards and financial regulations, and support the establishment and operation of effective.[3]
History
The Brunei Currency Board (BCB) was established on 12 June 1967, and the introduction of the Brunei dollar as the new currency of Brunei in replacing the Malaya and British Borneo dollar after the Currency Union Agreement between Malaysia, Singapore and Brunei was terminated and all three countries issued their own currencies which continued to be interchangeable until 8 May 1973, when Malaysia terminated the agreement with Singapore and Brunei.[4] The Currency Interchangeability Agreement between Singapore and Brunei is still existent. On 27 June 2007, Singapore and Brunei celebrated the 40th anniversary of the Currency Interchangeability Agreement (since 12 June 1967) with the joint-issue of the commemorative $20 notes.