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reddit post
Nov 9, 2024, 3:16:37 AM
In 1906, a near-bankrupt Brunei accepted British Resident and abolished its own currency in favor of the Strait Dollar, this continue until today in form of pegging to SGD. What was Brunei's currency rate back then?
https://www.reddit.com/r/nasikatok/comments/1gn0szx/in_1906_a_nearbankrupt_brunei_accepted_british/↳
3 comments
Goddamn.. can only imagine if they bought food back then say it was $2.50 straits dollar that be 10,000 Brunei pitis... I can't even start to imagine how the locals back then complain 😅
Square-Top-4442
8
We will wait till brunei go bankcrupt again by the same family! Mark my word! Bruneians dont learn from history! So sad!
dumb_observer
6
This is biased writing. Comparing the Brunei pitis to the Straits dollar is like comparing the current Chinese fen (cent) to the current US dollar, with the latter being worth 720 times of the latter at this moment.
It is also a pointless comparison unless your point is to denigrate the previous Brunei currency! Can you find something better to do than to waste time in generating this kind of useless content?
Details: The Brunei Pitis was made of a lead-tin alloy while the Straits dollar was made of >90% silver, so it's not a fair comparison. A better comparison would be to compare the Pitis to the copper-based quarter Straits cent, where the latter is worth 10 times of the former.
But so what? The Brunei dollar is now worth 116 Japanese yen. Is our currency therefore stronger than the yen? NO!
thebadgerx
Others are checking this out too! ⤵︎
