Monetary Authority of Brunei Darussalam

The Monetary Authority of Brunei Darussalam (AMBD) maintains monetary policy.

The Brunei Dollar (BND) is pegged to the Singapore Dollar under an agreement.

The Bank of Thailand is advanced in CBDCs and there is an interest from the BoT to build a CBDC for ASEAN countries which includes Brunei.

Also Singapore is very advanced in CBDCs, and there is a close relationship between Singapore and Brunei.

There is no specific evidence of a CBDC in Brunei. But the general circumstances would imply a furture interest.

Also the AMBD has a strong digitization policy.

 

 

 

 

 

“AMBD’s primary objective over this time horizon is to embrace digital transformation to the payments market in Brunei Darussalam, leading to the creation of a digital payment ecosystem involving both users and Payment Service Providers
(PSPs), which may be banks or non-banks.” AMBD

 

By cryptorocks_editor

Editor.