BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Brunei Currency and Monetary Board Brunei Currency and Monetary Board 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 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 DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved