45th Anniversary of Currency Interchangeability Agreement between Brunei Darussalam and Singapore 2012

These stamps were issued to commemorate the '45th Anniversary of Currency Interchangeability Agreement between Brunei Darussalam and Singapore.'

What this means is that 45 years ago, in 1967, Brunei and Singapore, who before that year had been using the same money issued by the Straits Settlement Government and later the Board of Currency Commissioners, despite issuing their own separate currencies, want to maintain the same value. So the Brunei Dollar and the Singapore Dollar are interchangeable between the two countries. You can use Brunei Dollars in Singapore and Singapore Dollars in Brunei. The agreement originally includes Malaysia but Malaysia opted out when its currency appreciated in the early 1970s. It has been 45  years in 2012 that Brunei and Singapore dollars are interchangeable at par between the two countries. This set of stamps commemorate that 45 years of interchangeability.

For this issuance, Singapore also issued two almost similar stamps.

The technical details of the stamps issue:

Name of Issue :
45th Anniversary of Currency Interchangeability Agreement between Brunei Darussalam and Singapore

Date of Issue :
27 November 2012

Stamp Denomination :
$1.00 and $2.00

Designer :
Pengiran Amir bin Pengiran Haji Sablon (Brunei) and Jimmy Jin Li Juan (Singapore)

Printer :
Secura Singapore Pte Ltd

Size of Stamp :
40.8 mm x 29.85 mm

Printing Process :
Offset Lithography

Paper :
110 gsm

Perforation :
13 per 2 cm