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Brunei officially the Nation of Brunei, the Abode of Peace Negara Brunei Darussalam, Jawi is a sovereign state located on the north coast of the island of Borneo in Southeast Asia. Apart from its coastline with the South China Sea, the country is completely surrounded by the Malaysian state of Sarawak. It is separated into two parts by the Sarawak district of Limbang. Brunei is the only sovereign state completely on the island of Borneo; the remainder of the island's territory is divided between the nations of Malaysia and Indonesia. Brunei's population was 408,786 in July 2012.
|Services (Including financial)||38.5 %( 2016 est.)|
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From the fourteenth to the sixteenth hundreds of years Brunei Darussalam was the seat of an effective sultanate reaching out finished Sabah, Sarawak, and the lower Philippines. In this way, the present Sultan speaks to one of the most seasoned persistently controlling administrations on the planet. By the nineteenth century, the Brunei Darussalam Empire had been whittled away by wars, theft and the pioneer development of European forces.
In 1847, the sultan finished up an arrangement with Great Britain and in 1888 Brunei Darussalam formally turned into a British protectorate. In 1906, the Residential System was built up in Brunei Darussalam. A British Resident was selected as a delegate of the British government to prompt the sultan in all issues aside from Malay traditions, customs, and Islamic religion.
The 1959 Agreement built up a composed constitution which gave Brunei Darussalam inner self-government. In 1971, the understanding was corrected and updated to affirm full inward freedom aside from protection and outside issues.
In 1967 His Highness Sultan Haji Sir Muda Omar Ali Saifuddien renounced for his child Pengiran Muda Mahkota Hassanal Bolkiah. On January 1, 1984, Brunei Darussalam continued full freedom and the Sultan took office as Prime Minister, Finance Minister, and Home Affairs Minister, directing a bureau of six. In October 1986, the bureau was extended to 11 individuals, with His Majesty giving up the arrangement of Finance and Home Affairs and assuming control over the Defense portfolio which his late father had held since 1984. In 1988 another reshuffle achieved the height of the representative priest to a full pastor and the making of the Ministry of Industry and Primary Resources intended to help the nation's advancement.
(Current Sultan of Brunei)
Omar Ali Saifuddien III
The Brunei dollar (Malay: ringgit Brunei, money code: BND), has been the cash of the Sultanate of Brunei since 1967. It is regularly condensed with the dollar sign $, or then again B$ to recognize it from other dollar-ruled monetary forms. It is partitioned into 100 sen (Malay) or pennies (English). The Brunei dollar is issued by the Autoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam). Under a Currency Interchangeability Agreement in 1967, the Brunei dollar is tradable with the Singapore dollar at standard. In that capacity, the Brunei dollar is acknowledged in Singapore as "standard delicate"; similarly, the Singapore dollar is acknowledged for installments in Brunei. Early cash in Brunei included cowrie shells. Brunei is additionally well known for its bronze tea kettles, which were utilized as cash in bargain exchange along the bank of northern Borneo.
Brunei issued tin coins named in pitis in AH1285 (AD1868). These were trailed by a one penny coin in AH1304 (AD1888). This penny was one hundredth of a Straits dollar. As a protectorate of Britain in the mid twentieth century, Brunei utilized the Straits dollar from 1906, the Malayan dollar from 1939 and the Malaya and British Borneo dollar from 1953 until 1967, when it started issuing its own particular cash. The Brunei dollar supplanted the Malaya and British Borneo dollar in 1967 after the development of Malaysia and the autonomy of Singapore. Until 23 June 1973, the Malaysian ringgit was interchangeable at standard with the Singapore dollar and Brunei dollar. The Monetary Authority of Singapore and the Brunei Currency and Monetary Board (now the Authoriti Monetari Brunei Darussalam (Monetary Authority of Brunei Darussalam) still keep up the exchangeability of their two monetary forms. The dollar is acknowledged as "standard delicate" in Singapore as per the Currency Interchangeability Agreement, in spite of the fact that it isn't legitimate delicate there.
Coins were utilized as a part of Brunei from the tenth century. The Straits dollar was likewise utilized as a part of Brunei from 1906. Because of the nearby ties amongst China and Brunei, the main sort of coins utilized as a part of Brunei were Chinese coins. This was at first called 'Pitis'. They were later known as 'Kue' when neighborhood 'Pitis' were presented. The nearby 'Pitis' coins had 'Sultanate of Brunei' stamped before the coin and the imperial umbrella was engraved at the back. These were issued from the sixteenth to the nineteenth century. Past Islamic coins were additionally called the 'Pitis'. Another kind of coin that was utilized as a part of Brunei were 'Duit besi' (which generally means 'Press cash'). Press was viewed as profitable those days that it was utilized as cash. 100 one-square inch pieces were esteemed at 1 dollar.
In 1952, the board was renamed the Board of Commissioners of Malaya and British Borneo. The board at that point started to issue notes to Malaya, Singapore, Sarawak, British North Borneo, and Brunei in 1953. This was known as the Malaya and British Borneo dollar. In 1967, the Malaya and British Borneo dollar was supplanted by three new monetary forms: the Malaysian dollar, Singapore dollar and the Brunei dollar, all at standard. The Singapore dollar is as yet tradable with the Brunei dollar today.
|National Song||"Allah Peliharakan Sultan"|
|Currency||Brunei dollar (BND)|
|GDP / GDP Rank||32.536 Billion USD|
|GDP Growth Rate||-0.2 Percent|
|GDP Per Captial||$76884.045 (PPP)|
< 1.0% Hindus
< 1.0% Jews
< 1.0% Other Religions
Sultan and Prime Minister – Hassanal Bolkiah
|Website||Go to the web|
|Public Debt||3.063 Percent|
|Unemployment Rate||1.995 Percent|
|Labor Force (Occupation)||-|