The Monetary Policy and Management Department‘s function includes the issuance of Brunei Dollar Sukuk, conducting macroeconomic research; monitoring, collecting and disseminating data and information relating to pertinent aspects of Brunei Darussalam’s economy and global developments.
Its other role includes maintaining relations and communication with other Government ministries and international bodies, as well as central banks in the region and around the world.
Monetary Policy Framework
The Monetary Policy Framework in Brunei Darussalam is based on a currency board system with the Brunei dollar anchored to the Singapore dollar at par. Brunei Darussalam also has a Currency Interchangeability Agreement (CIA) with Singapore that was signed in 1967 and this agreement continues to remain in effect between Autoriti Monetari Brunei Darussalam (AMBD) and Monetary Authority of Singapore (MAS).
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