Brunei $ vs SG$

• Arena

  1 Apr 05, 20:17

  Does Brunei peg its dollar to the same value as SGD?
  Singapore and Brunei economies are very much different, what is the justfication to the peg?
• sgboy2004

  1 Apr 05, 20:18

  yah lor, when mi go buy things, sometimes they give me $1 brunei...and say they same value... mi just take it lor, cos mi o level nia
• kaka_22

  2 Apr 05, 04:01

  Originally posted by Arena:

  Does Brunei peg its dollar to the same value as SGD?
  Singapore and Brunei economies are very much different, what is the justfication to the peg?

  Hmm tricky question....not reali sure
• commonsense

  2 Apr 05, 04:37

  Before sg independence, msia, sg and brunei have the same currency ratio 1:1. but after sg independence, sg adopted sgd. brunei did not want to 'merge' with msia, so its currency remained pegged to sg 1:1 until today basically because of close ties (military) + sg is one of brunei's biggest trading partner.
  
  correct me if i'm wrong.
• Qitai

  5 Apr 05, 17:51

  Originally posted by Arena:

  Does Brunei peg its dollar to the same value as SGD?
  Singapore and Brunei economies are very much different, what is the justfication to the peg?

  Yes. Probably because they sell oil cheap to us.