Tuesday, October 14, 2008

Brunei's New One Cent Coin

The Brunei Currency and Monetary Board (BCMB) issued new one-cent coins yesterday. The new coins will be in circulation alongside present one-cent coins and both would remain as legal tender in Brunei Darussalam and countries that accept them.

The announcement was made by Sainin bin Hari Mohammad, manager of the Brunei Currency and Monetary Board (BCMB) currency operation, who spoke on behalf of the Chief Executive Officer during a press conference at the BCMB building yesterday.

The difference between the new and present one-cent coin is that new one-cent coin is made from a composition of copper and zinc metals and is yellowish in color, while the present one-cent coin is made up of only copper metal and is brownish in color.

However, the new one-cent coin still retains some of the present one-cent coin features. The weight of the new and present coin is around 1.780 to 1.8010 grams per unit and has a diameter of 17.610 to 17.660 millimeters.

According to the BCMB official, the selection of copper and zinc metals in producing the new coins was to save production cost, thus, justifying the face value of the coin.

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