Brunei dollar in the context of "Malay language"

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: 分; 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.

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.

Dollar is the name of more than 25 currencies. The United States dollar, named after the international currency known as the Spanish dollar, was established in 1792 and is the first so named that still survives. Others include the Australian dollar, Brunei dollar, Canadian dollar, Eastern Caribbean dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, Trinidad and Tobago dollar, and several others. The symbol for most of those currencies is the dollar sign $; the same symbol is used by many countries using peso currencies.

The name 'dollar' originates from the tolar which was the name of a 29-gram (1.0 oz) silver coin called the Joachimsthaler minted in 1519 in the western part of Bohemia (now the Czech Republic). The word thaler itself comes from the German word Thal, i.e. 'valley'.