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Brunei Currency and Monetary Board

 

Brunei Currency and Monetary Board Logo

The Brunei Currency and Monetary Board (BCMB) is the central bank of the State of Brunei. BCMB was established on 1st February 2004 pursuant to Section 3(1) of the Currency and Monetary Order, 2004 which was formally known as Brunei Currency Board (BCB), which was formed on 12th June 1967. The Board, chaired by the Minister of Finance, oversees the management of BCMB. The Chief Executive Officer, who heads the management of BCMB, also acts as the secretary to the Board.

 
 

BCMB is the sole authority to issue currency notes and coins in Brunei Darussalam and also functions to maintain external reserves to safeguard the international value of the Brunei Dollar and to promote monetary stability in Brunei Darussalam.

The main mission of BCMB is to safeguarding the value of the Brunei currency and monetary stability of Brunei.

The Interchangeability Agreement between Brunei Darussalam and Singapore continued to operate in the two countries. Being the customary tender in Brunei, the Singapore currency continued to circulate side by side with the Brunei currency.
 

Brunei Currency and Monetary Board HQ Location Map

Brunei Currency and Monetary Board
HQ Address: Ministry of Finance Complex
Commonwealth Drive BB3910
Brunei
Telephone: +673 2383 999
Facsimile: +673 2382 232
Website: www.brunet.bn
Currency: Brunei Dollar
Banking Hours:
Saturday - Thursday 7:45 am - 12:15 pm
                              1:30 pm - 4:30 pm
 

 

Like all other central banks in the world, Brunei Currency and Monetary Board must be well managed and pursue a goal-oriented approach, as consistent as possible with international best practice. The Monetary Board also responsible in determined the Base Rate in Brunei.
 
Local Banks governed by Brunei Currency and Monetary Board:
Baiduri Bank Group
Bank Islam Brunei Darussalam
Perbadanan Tabung Amanah Islam Brunei
           

Foreign Banks governed by Brunei Currency and Monetary Board:

Citibank N.A HSBC Maybank
RHB Bank UOB Bank Standard Chartered Bank

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