CIA Commemorative Singapore & Brunei $50 Note with Same Serial number
CIA Commemorative Singapore & Brunei $50 Note with Same Serial number
CIA Commemorative Singapore & Brunei $50 Note with Same Serial number
CIA Commemorative Singapore & Brunei $50 Note with Same Serial number
CIA Commemorative Singapore & Brunei $50 Note with Same Serial number
CIA Commemorative Singapore & Brunei $50 Note with Same Serial number

CIA Commemorative Singapore & Brunei $50 Note with Same Serial number

Baru
RM2,500
Klang, Malaysia

Kongsi Dengan Rakan-rakan

Identical Numbered Notes Set This set contains one $50 Brunei and one $50 Singapore commemorative notes, sharing the same serial number with the CIA prefix. This set was issued at B$300 each. Even though the Issue price is S $300 which is equivalent to RM 1000+ but now its being sold for S $700+ (RM 2300 )because of the low issue which is only 5000 sets. Price is expected to go up to RM3000 by the end of the year. This is a very good investment with a very good return. Besides its a beauty to behold. The box is 1.8kg with Gold colour cloth type finishing. It holds a beautiful acrylic note holder with powerful magnet to hold the notes in place. A rare piece collectible with a high return. Grab one if you can afford it or break your piggy bank to get enough for your set Price is going up. Mark my word.... Below are more details. : Brunei & Singapore - 2017 Currency Interchangeability Agreement (CIA) with Brunei Commemorative $50 On 07.07.2017 both Brunei and Singapore issued a commemorative of $50 polymer note each, celebrating 50 years of Currency Interchangeability Agreement (CIA) between these two nations. These two notes were launched on 05.07.2017 in Singapore at the Istana (Palace - official residence of Singapore's President) by the Sultan of Brunei Hassanak Bolkiah during his State visit and the Prime Minister of Singapore Lee Hsien Loong. Brief history of the CIA: On 12.06.1967, Brunei, Malaysia and Singapore all issued their own new currencies for the first time, after sharing a single common currency for so many years, the last called the Malayan Dollar issued by the Board of Commissioners of Currencies of Malaya and British Borneo (BCCMBB). Prior to the new releases, on the 07.01.1967, all 3 countries agreed in principle in Kuala Lumpur to accept all their new currencies (both banknotes and coins) at their respective countries at face value following the liquidation of the BCCMBB on 12.06.1967. The main purpose of the agreement was to facilitate economic co-operation and trade relations between the three countries. However on 08.05.1973, Malaysia opted out from this agreement leaving Singapore and Brunei to continue with this unique arrangement until present day. What this agreement means is that Singapore dollars can be freely acceptable at all banks in Brunei without losing any exchange value (at par without any fees or charges) and vise versa for Brunei Ringgit in Singapore*. On 16.07.2007, a $20 was issued by bothSingapore and Brunei celebrating the 40th Anniversary of this agreement and fast forward 10 years, we have these new commemorative notes issued. The theme for these commemorative notes is "Flourishing Growth". For these new notes, the Brunei $50 (1.0M pieces) and the Singapore $50 (2.0M pieces) were both released on 07.07.2017 to the public by 9 major banks in Singapore (DBS, OCBC, UOB, Maybank, SCB, HSBC, Citibank, BoC and ICBC) and in Brunei by the Baidun Bank, BoC, BoCHK, BIBD, Maybank, RHB Bank SCB UOB and Perbadanan Bank.  In addition to these two notes, the following limited numismatic products were also released in Brunei and Singapore; In Brunei/Singapore: **Two normal notes B$50/S$50 in soft folder cover at face value each; (Quantity not sure but it is believed that the folder materials are funded by commercial banks in both Brunei and Singapore and that is why they have released these at face value) In Brunei  **Coffee Table Book B$50/S$50 notes in hard folder cover = 1,000 sets at B$138 each; **B$50/S$50 with matching serial numbered = 5,000 sets CIA prefix at B$300 per set; **B$50 3-in-1 uncut sheet = 2,000 sets at B$400 per set (800 sheets sold in Singapore); **B$50 8-in-1 uncut sheet = 1,000 sets at B$1,000 each (400 sheets sold in Singapore); **B$50 40-in-1 uncut sheet = 200 sets at B$4,500 each (100 sheets sold in Singapore). In Singapore **B$50/S$50 with matching serial numbered = 5,000 sets CIA prefix at S$300 per set; **S$50 3-in-1 uncut sheet = 3,000 sets at S$400 per set; **B$50 3-in-1 uncut sheet = 800 sets at S$400 per set; **B$50 8-in-1 uncut sheet = 400 sets at S$1,000 each; **B$50 40-in-1 uncut sheet = 100 sets at S$4,500 each. All Brunei numismatic products were released on 05.07.2017 and 07.07.2017 by Autoriti Monetari Brunei Darussalam (AMBD) at their HQ, whilst those in Singapore was handled by the Singapore Mint on a pre-order basis made available between 05.07.2017 to 12.7.2017 and released on 18.07.2017. As expected, the demand was over subscribed in Singapore and as such it went into a balloting system to allocate the lucky winners. I believe this is a fairer system as the previous 2007 $20 CIA commemorative issues were all sold out on day one (first-come-first-serve basis). Some of the Brunei 2017 products were also sold out on the second day of it been released.  Fifty Ringgit CIA PrefixObverse; Sultan Haji Sultan Hassanal Bolkiah, Vanda Miss Joaquim (Singapore's national flower - purple orchid colour), Simpur (Brunei prominent flower - yellowish colour), Brunei Coat of Arms/Crest, 50th Anniversary Logo of CIA. The see-through, colour-shifting window security featuring the Istana Nurul Iman in Brunei and the Istana in Singapore. Prefixes issued - E/1 and E/2. Signature = Sultan Haji Hassanal Bolkiah. ReverseReverse; Defense (4 military personnel in ceremonial uniform), tourism (floating bridge at Ulu Temburong National Park - Green Jewel of Brunei) and (gazebo [bandstand] at Singapore Botanic Gardens, founded in 1859 - UNESCO World Heritage site) and education (4 students studying together). Fifty Dollars CIA PrefixObserve; First President Yusof bin Ishak, Vanda Miss Joaquim (Singapore's national flower - purple orchid colour), Simpur (Brunei prominent flower - yellowish colour), Singapore Coat of Arms/Crest, 50th Anniversary Logo of CIA. The see-through, colour-shifting window security featuring the Istana Nurul Iman in Brunei and the Istana in Singapore. Prefixes issued - 50AA, 50AB, 50AC, 50AD and 50AE. Signature = Tharma Shanmugaratnam. ReverseReverse; Defense (4 military personnel in ceremonial uniform), tourism (floating bridge at Ulu Temburong National Park - Green Jewel of Brunei) and (gazebo [bandstand] at Singapore Botanic Gardens, founded in 1859 - UNESCO World Heritage site) and education (4 students studying together). The two notes basically feature the same design elements and layout and is predominantly gold in colour to signify the golden jubilee celebration. Note* - Despite this agreement has been in placed for 50 years, for some reasons, not all people in Singapore are eagerly willing to accept the Brunei currency on a day to day transactions, especially the younger generations. I believe this is mainly due to ignorance as many of them may not be aware of such arrangement has been in placed since 1967.  These two notes were designed by Encik Abdul Ajihis Haji Terawih (Bruneian) and a father and son team, Mr Eng Siak Loy and Mr Weng Ziyan (both Singaporeans). This project was first started in late 2015. 50th Anniversary of The Currency Interchangeability Agreement between Brunei Darussalam and Singapore "Monetary authorities (MAS and AMBD) and banks have to accept the other country's currency at par, without charge" The Currency Interchangeability Agreement was established in 1967 to promote bilateral financial cooperation between Brunei Darussalam and Singapore. Under the Agreement, the Autoriti Monetari Brunei Darussalam (AMBD) and Monetary Authority of Singapore (MAS) will accept the currency issued by the other, and to exchange it at par and without charge, into their own currency. Banks in both countries will accept for deposit from the general public and businesses, currency issued by the other country at par. Over the last 50 years, the Agreement, together with the Brunei dollar's peg to the Singapore dollar, has played an important role in facilitating trade, investment and tourism flows between the two countries. In conjunction with the 50th Anniversary of the Currency Interchangeability Agreement between Brunei Darussalam and Singapore, AMBD and MAS have issued limited edition $50 polymer notes with the theme "Flourishing Growth". ADDITIONAL INFORMATION ON THE CURRENCY INTERCHANGEABILITY AGREEMENT NUMISMATIC SETS IN CONJUNCTION WITH THE 50TH ANNIVERSARY OF THE CURRENCY INTERCHANGEABILITY AGREEMENT (i)         Identical Numbered Notes Set This set contains one $50 Brunei and one $50 Singapore commemorative notes, sharing the same serial number with the CIA prefix. This set will be sold at B$300 each.   (ii)        3-in-1 Uncut Sheet This set contains one uncut sheet of three $50 Brunei commemorative notes. This set will be sold at B$400 each.   (iii)       8-in-1 Uncut Sheet This set contains one uncut sheet of eight $50 Brunei commemorative notes. This set will be sold at B$1,000 each.   (iv)       40-in-1 Uncut Sheet This set contains one uncut sheet of forty $50 Brunei commemorative notes. This set will be sold at B$4,500 each.   (v)        Coffee Table Book with a set of B$50 and S$50 commemorative notes This limited edition coffee table book highlights elaborate descriptions of the commemorative notes' designs elements and contains a set of B$50 and S$50 commemorative notes. The coffee table book will be sold at B $138


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