Kuala Belait Bank Says No Problem In Accepting Singapore Notes
By Rosli Abidin Yahya

Bandar Seri Begawan - A bank officer said his establishment will continue to accept Singapore currency deposited at their branches amidst charges by shopping establishments in Kuala Belait that the bank has refused to accept Singapore dollars.

The bank officer told the Bulletin that there has been no instruction for his branches to stop accepting Singapore currencies.

"We have the right to refuse to accept torn or disfigured Singapore dollars only," he said.

The Bulletin received calls from consumers in Kuala Belait that some commercial establishments there refused to accept Singapore dollars over the past few days.

"I went to several shops in Kuala Belait and they have all refused to accept Singapore currencies even though they are in good condition.

"Their reason for not accepting the currency was because their banks would reject them," they said.

Brunei Darussalam and Singapore signed an agreement on June 9, 1967, which allows currencies from the two countries to be used interchangeably at par. -- Courtesy of Borneo Bulletin

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