Sunday, September 14, 2008

A Brief History of Brunei Banknote

The First Series of Brunei Banknote was introduced in 1967 with the portrait of Sultan Sir Omar Ali Saifuddin

Prior to establishment of the Brunei Currency Board (BCB) in 1967, the Malaya and British Dollar was used as legal currency in Malaya and North Borneo States that includes Brunei, Sabah and Sarawak. Brunei Darussalam commenced issuance of its first series of banknote on 12th June 1967 that consists of notes in denominations of 1, 5, 10, 50 and 100 dollar. This series of notes carry the portrait of Sultan Sir Omar Ali Saifuddin, the father of His Majesty Sultan Hassanal Bolkiah (current ruler).

The Second Series of Brunei Banknote was released in 1972 with the portrait of Sultan Hassanal Bolkiah but remain the design of First Series

The second series of Brunei banknote was introduced in 1972. Basically, this series of banknote uses the same design of its first series except the portrait of Sultan Sir Omar Ali Saifuddin has be replaced with Portrait of His Majesty Sultan Hassanal Bolkiah. Addition to this second series, the denomination of $500 and $ 1000 were introduced in 1979. These two notes have new design in second series.

Third Series of Brunei Banknote revealed in year 1984 adopted a new theme

Brunei obtained its independence in 1984. Subsequent to that, the Brunei has changed its name to Brunei Darussalam. The third series of banknote that issued in 1989 have the name change from previous Kerajaan Brunei (Brunei Government) to Negara Brunei Darussalam (Country of Brunei Darussalam). The post independence series of banknote consists of note in denomination of 1, 5, 10, 50, 100, 500, 1000 and 10,000.

The current or Fourth Series uses the polymer banknote was introduced in 1996

The fourth series of Brunei Darussalam banknote was introduced in 1996. Unlike previous series, the denomination of 1, 5 and 10 dollar of fourth series were issued first time as polymer notes. The new design of 50 and 100 dollars were also been issued in paper notes. It was later in year 2004 that the 50 and 100 dollar denomination paper notes were replaced with polymer notes. Other higher denomination of 500, 1000 and 10000 were also introduced subsequently.

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