Brunei Darussalam is set to make a significant change to its currency, with new banknotes to be issued in 2026 that will officially replace the long-standing term "Ringgit" with "Brunei Dollars." This move is aimed at standardizing the country's currency terminology, bringing it in line with international conventions and formalizing the name already used by many in the global financial community. 

For decades, the Brunei dollar ($) has been interchangeably referred to as the Ringgit, a legacy term that has its roots in the historical and cultural ties between Brunei and its neighbors, particularly Malaysia. While both terms have been used to describe the country's currency, the new banknotes will streamline the official name to “Brunei Dollars,” reflecting the country’s independent monetary identity.

This decision comes at a time when Brunei is actively working to modernize its financial sector and enhance its position in the global economy. By standardizing its currency name, Brunei aims to reduce confusion and improve clarity in international trade and tourism.

While this change is primarily a matter of standardization and branding, it will have a tangible impact on daily life. Citizens will be encouraged to adopt the term "Brunei Dollars" in their daily transactions and official communications. The change, however, does not affect the value of the currency or the long-standing Currency Interchangeability Agreement with Singapore, which allows both the Brunei Dollar and the Singapore Dollar to be used interchangeably in both countries.

The new banknotes, set for release in 2026, will serve as a symbol of this new chapter for Brunei's currency, solidifying the name "Brunei Dollars" for future generations.