Bandar Seri Begawan - The establishment of the Monetary Authority of Brunei Darussalam is perceived to lead to the de-pegging of the Brunei dollar from the Singapore dollar, a move that financial experts say will benefit the local currency in the long run.Since 1967, the local unit has been on par with the Singapore dollar under the Currency Interchangeability Agreement between the neighbours.
His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam in his 64th birthday anniversary titah announced the establishment of the national monetary body that will come into force next year. Full Story
