Autoriti Monetari Brunei Darussalam (AMBD), established on 1st January 2011, is a statutory body acting as the central bank of Brunei Darussalam which undertakes several core functions, chief of which is the formulation and implementation of monetary policies, the regulation and supervision of financial institutions as well as currency management.

Four divisions previously under the Ministry of Finance merged to form AMBD, namely:

• The Financial Institutions Division or FID
• The Brunei Currency and Monetary Board or BCMB
• The Brunei International Financial Center or BIFC
• Part of the Research and International Division or RID

The Monetary Policy and Management Department¡®s function includes the issuance of Brunei Dollar Sukuk, conducting macroeconomic research; monitoring, collecting and disseminating data and information relating to pertinent aspects of Brunei Darussalam¡¯s economy and global developments.

Its other role includes maintaining relations and communication with other Government ministries and international bodies, as well as central banks in the region and around the world.

The Monetary Policy Framework in Brunei Darussalam is based on a currency board system with the Brunei dollar anchored to the Singapore dollar at par. Brunei Darussalam also has a Currency Interchangeability Agreement (CIA) with Singapore that was signed in 1967 and this agreement continues to remain in effect between Autoriti Monetari Brunei Darussalam (AMBD) and Monetary Authority of Singapore (MAS).