Autoriti Monetari Brunei Darussalam (AMBD)​​​​​

Autoriti Monetari Brunei Darussalam (AMBD)​​​​​

Ministry of Finance Building, Bandar Seri Begawan, Brunei

Description

Autoriti Monetari Brunei Darussalam (AMBD) is a body corporate that acts as the central bank of Brunei Darussalam, which undertakes several core functions including the formulation and implementation of monetary policies, the regulation and supervision of financial institutions as well as currency management.

The establishment of AMBD signifies yet another important milestone in the development of the financial sector in Brunei Darussalam.

It also underscores the commitment of the Government of His Majesty the Sultan and Yang Di-Pertuan Negara Brunei Darussalam in achieving and maintaining a sound and dynamic financial system by continuously implementing appropriate measures, and embarking on necessary financial sector reforms in support of the national economic development objectives.

The four main objectives of AMBD as prescribed under the Autoriti Monetari Brunei Darussalam Order, 2010 are as follows:-

  • To achieve and maintain domestic price stability
  • To ensure the stability of the financial system, in particular by formulating financial regulations and prudential standards
  • To assist in the establishment and functioning of efficient payment systems and to oversee them; and
  • ​To foster and develop a sound and progressive financial services sector

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