Brunei

Money & Shopping

Money & Shopping

The local currency is the Brunei Dollar ($) which could hear that Ringgit used to refer to the dollar, but make sure that the participants are not talking about the Malaysian Ringgit (MYR), which has a value of less than half a dollar of Brunei.

As of October 2016, $ 1 = RM3.05 = £ 0.59 = € 0.66 = USD0.72

The Brunei dollar is tied to the Singapore dollar at a rate of 1: 1. By law, both currencies can be used interchangeably, so if you are coming from Singapore, there is no reason to change money, as your money will be accepted easily . (Similarly, the surplus Brunei dollars can be used at par in Singapore.) However, many stores reject the Singapore notes with seemingly microscopic tears in them, and notices to this effect are posted on the cash register. . The Malaysian ringgit (RM) will also be accepted in case of trouble, but the exchange rate may not be in your favor. The ringgit is not available in the banks of Brunei, but it can be obtained from the money changers.

The Brunei dollar is divided into 100 cents. There are $ 1 to $ 10,000 bills (by hand if you are buying Rolls-Royce) and 1-50 cents coins. All smaller notes and the 2004 series of larger notes are printed as brightly colored polymer notes.

Costs

By Southeast Asian standards, Brunei is roughly on par with Singapore, which means approximately double the costs of neighboring Malaysia. You can reduce costs by eating at local restaurants and avoiding the more expensive restaurants at hotels. The affordable accommodation, once very limited, has expanded in recent years and you can now get a decent bed at night for around $ 30.

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Brunei - Travel guide

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