Why are Brunei notes accepted but not coins?

Clivebenss SG

Jan 12, 2012 - ST Forum

AS WE welcome the Crown Prince of Brunei to Singapore, we are reminded of the strong bilateral ties between Brunei and Singapore underscored by the Currency Interchangeability Agreement.

Generally, while most retailers are willing to accept Brunei currency notes, my experience is that they do not accept Bruneian coins.

Would the Monetary Authority of Singapore comment if the Currency Interchangeability Agreement applies to Brunei coins as well?

Elgar Lee

Clivebenss SG

confused with Malaysian coins?

Aero7 SG

Really ? I never knew that. Thanks for sharing. Personally, I think coins offer less mobility and efficiency if compared to notes. People prefer to use notes these days...

Clivebenss SG

I think Brunei coins are acceptable since both currencies are interchangable. I did get some change in Brunei coins before and I used them too.

Shun Gui SG

thanks for sharing. never knew that! kinda interesting to have our wallet full of brunei money yea. then go out shopping and everything use brunei money to pay

Underpaid SG

Think it’s due to identification. Most of us can identify Brunei notes, but not many are familiar with the coins.

And the Tripartite Monetary Agreement is something the older generation is more familiar with than the younger generation.

Guess who was supposed to be the 3rd member? Razz

dragg SG

i bet most of us have never seen a brunei coin.

since the circulation here is very very low it'd be too troublesome having to explain to everyone who gets the coin that it is also legal tender.

Jacychong10 SG

Yeah..I think notes will be easier to identify than coins. due to the obvious difference in size. Hahaha. Imagine if you mistook a brunei coin for a malaysian one. You'll lose out on half the value lol. Sorry I sound incoherent :D

Clivebenss SG

but Sg coins accepted in Brunei without problems.

Jacychong10 SG

Hahah really? :O

Then I guess the proportion of the coins in market is lesser now?

Taj.deen.84 SG

but Sg coins accepted in Brunei without problems.

But Singapore's one dollar and 5 cent coins don't go in Brunei, due to thei colours

dragg SG

i wonder how much brunei coins the TS has to warrant the need to write to ST forum.