STATISTICS

• Currency in Circulation

• Currency Repatriation

• External and Liquid Assets

Gross and Active Circulation of Brunei Currency ($ million)

At Year End	Gross Circulation	Active Circulation
1990	405.73	342.74
1991	424.53	353.31
1992	459.72	384.64
1993	479.34	397.64
1994	514.97	427.88
1995	573.48	446.39
1996	601.14	459.90
1997	644.32	497.31
1998	627.15	487.86
1999	713.64	552.23
2000	680.49	556.96
2001	648.33	548.21
2002	654.81	531.21

Active circulation = Gross circulation less commemorative notes and coins, cash holdings of commercial banks and Brunei Currency held by Board of Commissioners of Currency, Singapore (BCCS) pending repatriation.

 

INTERCHANGEABILITY AGREEMENT

The Interchangeability Agreement between Brunei Darussalam and Singapore continued to operate in the two countries. Being the customary tender in Brunei, the Singapore currency continued to circulate side by side with the Brunei currency.

For the year under review, the total Singapore currency repatriated by the Brunei Currency Board had decreased to $5.0 million, compared to $6.3 million in year 2001.  The amount of Brunei currency repatriated by the Board of Commissioners of Currency, Singapore excluding the amount held in their custody awaiting repatriation was $641.19 million, a decrease of 9.6% compared to year 2001.

 

EXTERNAL AND LIQUID ASSETS

As required under the Sections 17 (1)(b) and (2)(b), Brunei Currency Board is to observe the statutory limits of the level of external assets and liquid assets i.e. minimum of 70% and 30% respectively, of the total demand liabilities.

BRUNEI CURRENCY BOARD – MAIN STATISTICS I  

YEAR	1998	1999*	2000*	2001*	2002*
CURRENCY IN CIRCULATION: (B$ Million )	627.15	713.64	680.49	648.33	654.81
EXTERNAL ASSETS: ( TOTAL B$ Million)	618.07	698.51	591.33	610.35	631.26
% CURRENCY IN CIRCULATION	98.55%	97.67%	94.03%	94.14%	96.40%
LIQUID ASSETS (B$ Million)	277.65	302.82	448.88	474.27	489.56
% CURRENCY IN CIRCULATION	44.27%	42.43%	30.85%	73.15%	74.76%
* Unaudited figure.

BRUNEI CURRENCY BOARD – MAIN STATISTICS II

YEAR	1998	1999*	2000*	2001*	2002*
PROFIT (B$ Million)	47.58	29.93	30.00	28.72	15.21
EXPENDITURE (B$ Million)	7.23	8.21	7.45	4.92	1.53
NET PROFIT BEFORE INVESTMENT (B$ Million)	40.35	21.72	30.54	23.80	13.68
INCREASE (DECREASE) IN RESERVE FUND (B$ Million)	50.75	50.20	-66.09	-38.86	0.57
TRANSFER TO CONSOLIDATE FUNDS (B$ Million)				75.83
RESERVE FUND (B$ Million)	143.42	193.62	127.53	88.67	89.24
* Unaudited figure.

 

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