SG-Brunei commemorative notes launched to mark 50 years of currency agreement

To commemorate the 50th Anniversary of the Currency Interchangeability Agreement, Sultan Haji Hassanal Bolkiah, Sultan and Yang Di-Pertuan of Brunei Darussalam, and Prime Minister of Singapore Lee Hsien Loong jointly launched commemorative S$50 and B$50 notes at a ceremony held at the Singapore Istana.

One million B$50 and two million S$50 commemorative notes will be available for exchange at face value at banks in Singapore from Friday, according to a press statement released by the Monetary Authority of Singapore.

Sultan Haji Hassanal Bolkiah of Brunei Darussalam with Prime Minister of Singapore Lee Hsien Loong launching the commemorative notes. Photo courtesy: MCI Fyrol
Sultan Haji Hassanal Bolkiah of Brunei Darussalam with Prime Minister of Singapore Lee Hsien Loong launching the commemorative notes. Photo courtesy: MCI Fyrol

The notes feature the same design elements and layout.

The front of the note depicts the 50th Anniversary logo of the Agreement. It features the Simpur, a prominent flower found in Brunei Darussalam, and the Vanda Miss Joaquim, Singapore’s national flower.

Both in full bloom, they symbolise the flourishing friendship between the two countries.

The reverse side of the notes reflects the close ties between both countries in various areas, such as defence, education and tourism.

A close-up look at the special notes. Photo courtesy: MCI LH Goh
A close-up look at the special notes. Photo courtesy: MCI LH Goh

Under the Currency Interchangeability Agreement established in 1967, the Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) accept from banks the currency notes and coins issued by the other. They also exchange them at par and without charge, into their own currency.

Banks in both countries accept for deposit, from the public and businesses, currency issued by the other country at par.

Author
Kareyst Lin
Kareyst Lin – Senior Writer

Kareyst has experience in writing about B2B technology for Computerworld Singapore, MIS Asia and CIO Asia; and on government technology for GCIO Asia. Her pet areas are artificial intelligence, Internet of Things and smart cities - these are fueled by her obsession with sci-fi movies and philosophy of mind. 

Sometimes she writes with light. 

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