Brunei Darussalam and Singapore celebrate 50th Anniversary of the Currency Interchangeability Agreement (CIA) Notes Set


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🌟Uncirculated conditions 🌟Set consist of one $50sgd and one $50bnd 🌟Random serials/numbers 🌟Selling $103 per set with folder 🌟Face value $100 I TRY TO PROVIDE FREE DELIVERY FOR AREAS SUCH AS NEWTON, NOVENA, BALESTIER, BISHAN, THOMSON, ANG MO KIO, YISHUN, SEMBAWANG & WOODLANDS. Singapore, 5 July 2017... Brunei Darussalam and Singapore today celebrate the 50th Anniversary of the Currency Interchangeability Agreement. To commemorate this special occasion, Sultan Haji Hassanal Bolkiah, Sultan and Yang Di-Pertuan of Brunei Darussalam, and Mr Lee Hsien Loong, Prime Minister of Singapore, jointly launched a set of two $50 commemorative polymer notes, comprising one Brunei Darussalam $50 note and one Singapore $50 note, at a ceremony held at the Singapore Istana. Currency Interchangeability Agreement Under the Agreement, established in 1967, the Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) accept from banks the currency notes and coins issued by the other, and exchange them at par and without charge, into their own currency. Banks in both countries also accept for deposit, from the public and businesses, currency issued by the other country at par. The Agreement reflects the continuing, strong bilateral relationship between the two countries, and financial cooperation between AMBD and MAS. Design of the commemorative notes The Brunei Darussalam and Singapore commemorative notes feature the same design elements and layout. The front of the note depicts the 50th Anniversary logo of the Agreement. It features the Simpur, a prominent flower found in Brunei Darussalam, and the Vanda Miss Joaquim, Singapore’s national flower. Both in full bloom, they symbolise the flourishing friendship between the two countries. The reverse side of the notes reflects the close ties between both countries in various areas, such as defence, education and tourism. The Brunei Darussalam and Singapore commemorative notes were jointly designed by Mr Abdul Ajihis Haji Terawih, Mr Eng Siak Loy and Mr Weng Ziyan.