BND (Brunei Dollar) DEFINITION of 'BND (Brunei Dollar)' The currency abbreviation, or currency symbol, for the Brunei dollar (BND), the currency for Brunei, which also acceptable tender in Singapore. The Brunei dollar is made up of 100 sen (also known as cents in English) and is often presented with the symbol B$. The dollar is pegged to the Singapore dollar 1:1 and is called the "ringgit Brunei" in the Malay language. BREAKING DOWN 'BND (Brunei Dollar)' The Brunei dollar was introduced by the Sultanate of Brunei in 1967. Before 1967, the Malaya and British Borneo dollar was used. According to the Currency Interchangeability Agreement, the Brunei dollar is accepted as customary tender in Singapore. Singapore is one of Brunei's largest trading partners, and having a peg of 1:1 and an interchangeable currency pair greatly reduces exchange rate risk. Forex Trading Services. Why Trade with ONASIS. Trade micro, mini, standard & Islamic forex accounts at premium low spreads Trade Forex & CFD's Online - Powerful trading tools and accounts to meet your trading strategies Trade gold, silver and crude oil at fixed spreads and minimal commissions Swap-Free Islamic Accounts are available for as low as 2 pip spreads. Instant STP Execution, Guaranteed Order Fills, No Slippage, Fixed 1 Pip Spreads. Minimum required deposit is only $10 High leverage up-to 500:1 Scalping and hedging allowed Low margin requirements Fixed low spreads from 1 pip Over 40 curreny pairs & securities High quality FX research package Regular macroeconomic reports 100% instant deposit bonus Access to our expert advisers library. All traders from Brunei Darussalam can deposit and withdraw their profits using major credit and debit cards, Moneybookers, LibertyReserve, cashU and bank wire transfers. Choose the best account that matches your forex trading needs. If you are from Brunei Darussalam, you can choose a micro, mini, standard or even Islamic forex trading account to trade currencies and CFD's online. All our customers from Brunei Darussalam can enjoy low commission trading of over 40 trading instruments including silver, gold, crude oil and international market indexes in addition to natural gas & other energies. Did you know? ONASIS traders get an. on their deposits. Also available in. Trade on the News - Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow. 2014 ONASIS IBC. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Brunei Dollar. Overview. The Sultanate of Brunei’s official currency is the Brunei Dollar (BND). The symbol used for the Dollar is $; to distinguish it from other Dollar currencies the symbol B$ is used. The Dollar is divided into 100 cent denominations. The Monetary Authority of Singapore manages the Brunei dollar as well as the Singapore dollar. Economy. Although Brunei is small it has a wealthy economy. Inflation in Brunei is currently estimated at 1.2%. Brunei is mainly industry-based and industry accounts for 74% of the total GDP. Top industries in Brunei are petroleum refining, natural gas, construction, and petroleum. Unemployment is estimated at 3.7%. Brunei owns a cattle farm in Australia that is the main source of meat for Brunei. Import products are mainly food-related; however, the country is looking to diversify the agriculture and fishing industries to provide more of their own food. History. The Straights Dollar was used by Brunei in the early 20th century, as well as the British Borneo Dollar and the Malayan Dollar. In 1967, Brunei started issuing its own currency. The British Borneo Dollar was replaced by the Brunei Dollar. In 1972, the second edition of Dollar banknotes was issued. Until 1973, the Brunei Dollar and Singapore Dollar were exchangeable with the Malaysian Ringgit. The Singapore Monetary Board still allows the exchange of these currencies. In 1989, the post-independence banknote series was introduced. From 1996 to 2000, both polymer and paper series were circulated. In 2004, new polymer banknotes were launched. In 2011, the polymer series was reintroduced: $1 blue, $5 green, and $10 red banknotes. Symbols and Names. Countries Using This Currency. Currencies Pegged To BND : BND Is Pegged To: Find Other Currencies. © 1996 - 2018 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this Website are the property of their respective owners. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section here. Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation. OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor 9a, Tower 42, 25 Old Broad St, London EC2N 1HQ. It is authorised and regulated by the Financial Conduct Authority, No: 542574. OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licenced by the International Enterprise Singapore. 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