Brunei in the context of "Brunei dollar"

⭐ In the context of currency, Brunei dollar is considered…

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⭐ Core Definition: Brunei

Brunei, officially Brunei Darussalam, formally known as State of Brunei, is a country in Southeast Asia, situated on the northern coast of the island of Borneo. Apart from its coastline on the South China Sea, it is completely surrounded by the Malaysian state of Sarawak, with its territory bifurcated by the Sarawak district of Limbang. Brunei is the only sovereign state entirely on Borneo; the remainder of the island is divided between its multi-landmass neighbours of Malaysia and Indonesia. As of 2025, the country had a population of 466,330, of whom approximately 64,409 resided in the capital and largest city of Bandar Seri Begawan. Its official language is Malay, and Sunni Islam is the state religion of the country, although other religions are nominally tolerated. The government of Brunei is an absolute monarchy ruled by the Sultan, and it implements a fusion of English common law and jurisprudence inspired by Islam, including sharia.

At the Sultanate of Brunei's peak during the reign of Sultan Bolkiah (1485–1528), the state is claimed to have had control over the most of Borneo, including modern-day Sarawak and Sabah, as well as the Sulu archipelago and the islands off the northwestern tip of Borneo. There are also claims to its historical control over Seludong, in which Southeast Asian scholars believe the name of the location in question is actually in reference to Mount Selurong, in Indonesia, or Serudong River in eastern Sabah. The maritime state of Brunei was visited by the surviving crew of the Magellan Expedition in 1521, and in 1578 it fought against Spain in the Castilian War.

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In this Dossier

Brunei in the context of Singapore dollar

The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents (Malay: sen, Chinese: ; pinyin: fēn, Tamil: காசு, romanized: kācu). It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and coins of the Singapore dollar.

As of 2024, the Singapore dollar is the 13th most traded currency in the world. Apart from its use in Singapore, the Singapore dollar is also accepted as customary tender in Brunei according to the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam). Likewise, the Brunei dollar is also customarily accepted in Singapore.

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Brunei in the context of List of island countries

An island is a landmass (smaller than a continent) that is surrounded by water. Many island countries are spread over an archipelago, as is the case with Indonesia, Japan, and the Philippines—these countries consist of thousands of islands. Others consist of a single island, such as Barbados, Dominica, and Nauru; a main island and some smaller islands, such as Cuba, Iceland, and Sri Lanka; a part of an island, such as Brunei, the Dominican Republic, East Timor, and the Republic of Ireland; or one main island but also sharing borders in other islands, such as the United Kingdom (Great Britain and a part of Ireland).

The list also includes two states in free association with New Zealand, the Cook Islands and Niue, as well as two states with limited diplomatic recognition which have de facto control over territories entirely on the islands, Northern Cyprus and Taiwan. In total, 50 island countries have been included in the lists.

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Brunei in the context of Malay Archipelago

The Malay Archipelago is the archipelago between Mainland Southeast Asia and Australia, and is also called Insulindia or the Indo-Australian Archipelago. The name was taken from the 19th-century European concept of a Malay race, later based on the distribution of Austronesian languages. It has also been called the "Malay world", "Nusantara", and the "East Indies" over time. The name is controversial in Indonesia due to its ethnic connotations and colonial undertones, which can overshadow the country's diverse cultures.

Situated between the Indian and Pacific oceans, the archipelago of over 25,000 islands and islets is the largest archipelago by area and fifth by number of islands in the world. It includes Brunei, East Timor, Indonesia, Malaysia (specifically East Malaysia), Papua New Guinea, the Philippines, and Singapore. The term is largely synonymous with Maritime Southeast Asia.

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Brunei in the context of Absolute monarchy

Absolute monarchy is a form of monarchy in which the sovereign is the sole source of political power, unconstrained by constitutions, legislatures or other checks on their authority. Throughout history, there have been many absolute monarchs: some famous examples are Louis XIV of France and Frederick the Great of Prussia.

Absolute monarchies today include Brunei, Eswatini, Oman, Saudi Arabia, Vatican City, and the individual emirates composing the United Arab Emirates, which itself is a federation of such monarchies – a federal monarchy. Although absolute monarchies are sometimes supported by legal documents (such as the King's Law of Denmark–Norway), they are distinct from constitutional monarchies, in which the authority of the monarch is restricted (e.g. by legislature or unwritten customs) or balanced by that of other officials, such as a prime minister, as in the United Kingdom or the Nordic countries.

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Brunei in the context of Taiwanese indigenous peoples

Taiwanese indigenous peoples, formerly called Taiwanese aborigines, are the indigenous peoples of Taiwan, with the nationally recognized subgroups numbering about 600,303 or 3% of the island's population. This total is increased to more than 800,000 if the indigenous peoples of the plains in Taiwan are included, pending future official recognition. When including those of mixed ancestry, such a number is possibly more than a million. Academic research suggests that their ancestors have been living on Taiwan for approximately 15,000 years. A wide body of evidence suggests that the Taiwanese indigenous peoples had maintained regular trade networks with numerous regional cultures of Southeast Asia before Han Chinese settled on the island from the 17th century, at the behest of the Dutch colonial administration and later by successive governments towards the 20th century.

Taiwanese indigenous peoples are Austronesians, with linguistic, genetic and cultural ties to other Austronesian peoples. Taiwan is the origin and linguistic homeland of the oceanic Austronesian expansion, whose descendant groups today include the majority of the ethnic groups throughout many parts of East and Southeast Asia as well as Oceania and even Africa which includes Brunei, East Timor, Indonesia, Malaysia, Madagascar, Philippines, Micronesia, Island Melanesia and Polynesia.

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Brunei in the context of Riau Islands

The Riau Islands (Indonesian: Kepulauan Riau; Jawi: كڤولاوان رياو) is a province of Indonesia consisting of a group of islands located in the western part of the country. It was established in 2002 after being separated from the neighboring Riau Province. The capital of the province is Tanjung Pinang, while the largest city is Batam. It shares a maritime border with Riau and Jambi to the west, Bangka Belitung Islands to the south, Singapore to the northeast, Malaysia and West Kalimantan to the east, and Vietnam and Cambodia to the north. It comprises a total of 2,408 islands (1,798 having names) scattered between Sumatra, Malay Peninsula, and Borneo including the Riau Archipelago. Situated on one of the world's busiest shipping lanes along the Malacca Strait and the Natuna Sea (South China Sea), the province shares water borders with neighboring countries such as Singapore, Malaysia, and Brunei. The Riau Islands also have relatively large potential mineral resources and energy, as well as marine resources.

The Riau Islands have played a significant role in the maritime history and civilization of the Nusantara region. Between the 7th and 13th centuries, the area was influenced by the powerful Srivijaya Empire, a major maritime kingdom that controlled trade routes along the Malacca Strait. Evidence of Srivijaya's influence in the Riau Islands can be seen from the discovery of the Pasir Panjang Inscription [id] in Karimun Regency, which shows the existence of religious practices through Buddha's footprints, indicating early settlement and the spread of Buddhism long before the arrival of Islam.

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Brunei in the context of Malaysia

Malaysia is a country in Southeast Asia. A federal constitutional monarchy, it consists of 13 states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia on the Indochinese Peninsula and East Malaysia on the island of Borneo. Peninsular Malaysia shares land and maritime borders with Thailand, as well as maritime borders with Singapore, Vietnam, and Indonesia; East Malaysia shares land borders with Brunei and Indonesia, and maritime borders with the Philippines and Vietnam. Kuala Lumpur is the country's national capital, largest city, and the seat of the legislative branch of the federal government, while Putrajaya is the federal administrative capital, representing the seat of both the executive branch (the Cabinet, federal ministries, and federal agencies) and the judicial branch of the federal government. With a population of over 34 million, it is the world's 42nd-most populous country.

The country has its origins in the Malay kingdoms, which, from the 18th century on, became subject to the British Empire, along with the British Straits Settlements protectorate. During World War II, British Malaya, along with other nearby British and American colonies, was occupied by the Empire of Japan. Following three years of occupation, Peninsular Malaysia was briefly unified as the Malayan Union in 1946 until 1948 when it was restructured as the Federation of Malaya. The country achieved independence on 31 August 1957. On 16 September 1963, independent Malaya united with the then British crown colonies of North Borneo, Sarawak, and Singapore to become Malaysia. In August 1965, Singapore was expelled from the federation and became a separate, independent country.

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Brunei in the context of Malay language

Malay (UK: /məˈl/ mə-LAY, US: /ˈml/ MAY-lay; endonym: Bahasa Melayu, Jawi script: بهاس ملايو) is an Austronesian language spoken primarily by Malays in several islands of Maritime Southeast Asia and the Malay Peninsula on mainland Asia. The language is an official language of Brunei, Malaysia, and Singapore. Indonesian, a standardized variety of Malay, is the official language of Indonesia and one of the working languages of Timor-Leste. Malay is also spoken as a regional language of ethnic Malays in Indonesia, southeast Philippines and the southern part of Thailand. Altogether, it is spoken by 60 million people across Maritime Southeast Asia.

The language is pluricentric and a macrolanguage, i.e., a group of mutually intelligible speech varieties, or dialect continuum, that have no traditional name in common, and which may be considered distinct languages by their speakers. Several varieties of it are standardized as the national language (bahasa kebangsaan or bahasa nasional) of several nation states with various official names: in Malaysia, it is designated as either Bahasa Melayu ("Malay language") or in some instances, Bahasa Malaysia ("Malaysian language"); in Singapore and Brunei, it is called Bahasa Melayu ("Malay language") where it in the latter country refers to a formal standard variety set apart from its own vernacular dialect; in Indonesia, an autonomous normative variety called Bahasa Indonesia ("Indonesian language") is designated the bahasa persatuan/pemersatu ("unifying language" or lingua franca) whereas the term "Malay" (bahasa Melayu) refers to vernacular varieties of Malay indigenous to areas of Central to Southern Sumatra and West Kalimantan as the ethnic languages of Malay in Indonesia.

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Brunei in the context of Brunei-Singapore Currency Interchangeability Agreement

The Brunei–Singapore Currency Interchangeability Agreement, formally known as the Currency Interchangeability Agreement, is a bilateral arrangement between Brunei and Singapore that permits the Brunei Dollar and the Singapore Dollar to be exchanged at par value and without any transaction charges. Initially established in 1967 as a trilateral agreement inclusive of Malaysia, the pact facilitated seamless monetary interchangeability among the three nations. However, Malaysia unilaterally withdrew from the agreement in 1973, leaving Brunei and Singapore to uphold the arrangement independently.

Under the terms of the agreement, the Brunei Darussalam Central Bank (BDCB) and the Monetary Authority of Singapore (MAS) are obliged to accept and exchange the other party's issued notes and coins at face value and without fees. This obligation applies solely to the central monetary authorities; commercial entities are not legally compelled to accept the counterpart currency and are thus within their rights to decline it, as the foreign currency is recognised in both jurisdictions only as "customary tender" rather than legal tender. Nonetheless, such refusals are relatively uncommon particularly among larger businesses and institutions where transactions and financial interconnectivity are more routine.

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