The currency of Brunei is the Brunei Dollar (BND). The Brunei Dollar was introduced in 1986, replacing the Brunei dollar noted at par with the Singapore Dollar, which is also widely accepted in Brunei. The currency is divided into 100 sen and is issued by the Brunei Monetary Authority. The Brunei Dollar is known for its stability and often maintains an exchange rate fixed to the Singapore Dollar. Brunei's wealth stems largely from its oil and gas reserves, which contribute to a high standard of living and a well-developed infrastructure. As a result, the Brunei Dollar is confident among regional currencies.