The Brunei Darussalam Central Bank (BDCB; Malay: Bank Pusat Brunei Darussalam), formerly known as Monetary Authority of Brunei Darussalam (Malay: Autoriti Monetari Brunei Darussalam, AMBD) is the central bank of Brunei. It was established under the Autoriti Monetari Brunei Darussalam Order, 2010, and began operations on 1 January 2011. It succeeded the Brunei Currency and Monetary Board. The Brunei Currency Board was established on June 12, 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 May 8, 1973, when Malaysia terminated the agreement with Singapore and Brunei. 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. More information...
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