Across Southeast Asia, money is more than just a medium of exchange — it’s a reflection of history, sovereignty, and national pride.
Each country in the region has its own currency, shaped by its colonial past, economic growth, and cultural values.
Here’s a closer look at what each Southeast Asian nation uses today, from the Brunei Dollar to the Vietnamese Dong.
Brunei Darussalam – Brunei Dollar (BND)
Brunei Darussalam uses the Brunei Dollar (BND), introduced in 1967 to replace the Malaya and British Borneo Dollar. The Brunei Dollar is pegged 1:1 with the Singapore Dollar under a unique Currency Interchangeability Agreement, which allows both currencies to be used interchangeably in each country.
This monetary cooperation has helped Brunei maintain economic stability while benefiting from Singapore’s strong financial system. The Brunei Dollar reflects the country’s wealth and prudent fiscal management, supported largely by its oil and gas sector.
Cambodia – Riel (KHR)
The Cambodian Riel (KHR) was introduced in 1955, symbolizing the country’s economic independence after French colonial rule. Despite being the official currency, the Riel often circulates alongside the US Dollar, especially in urban centers and for larger transactions.
This dual-currency system emerged after years of instability, particularly during the Khmer Rouge period, when money was briefly abolished. Today, the Riel represents Cambodia’s recovery and growing confidence in managing its national economy.
Indonesia – Rupiah (IDR)
The Indonesian Rupiah (IDR) was first issued in 1946, shortly after Indonesia declared independence. Its name comes from the Sanskrit word “rupa” meaning silver, a nod to the country’s pre-colonial trade heritage.
Over the decades, the Rupiah has undergone several redenominations and redesigns to reflect Indonesia’s modernization. The notes feature national heroes, landscapes, and cultural motifs — each telling the story of a diverse archipelago united under one currency.
Laos – Kip (LAK)
The Lao Kip (LAK) became the official currency in 1955, replacing the Indochinese Piastre. The name “Kip” refers to an ancient silver coin once used in trade.
Although the Kip’s value remains relatively low internationally, it serves as a vital symbol of national sovereignty. For Laos, maintaining its own currency reflects the country’s independence from former colonial and regional influences.
Malaysia – Ringgit (MYR)
Malaysia’s Ringgit (MYR) derives its name from the Malay word for “jagged,” describing the serrated edges of old Spanish silver coins once used in the region. It officially replaced the Malaya and British Borneo Dollar in 1967.
Over time, the Ringgit has evolved into one of Southeast Asia’s most stable currencies. The Bank Negara Malaysia actively promotes digital payments and financial inclusion, positioning the Ringgit as a modern yet culturally rooted currency.
Myanmar – Kyat (MMK)
The Myanmar Kyat (MMK) traces its origins back to the ancient Burmese kingdoms, where it was used as a unit of silver weight. It was reintroduced as the official currency in 1952, following independence from Britain.
Despite decades of inflation and economic challenges, the Kyat remains a key symbol of Myanmar’s sovereignty. Its banknotes often feature national icons such as lions, temples, and historic figures, reflecting pride in Burmese heritage.
Philippines – Peso (PHP)
The Philippine Peso (PHP) dates back to the Spanish colonial period, making it one of the oldest currencies in the region. The modern Peso was reestablished in 1949 under the newly founded Central Bank of the Philippines.
Today, the Peso features both national heroes and natural wonders, highlighting the country’s culture and biodiversity. The government continues to strengthen the Peso’s stability through remittances and a growing services sector.
Singapore – Singapore Dollar (SGD)
Introduced in 1967, the Singapore Dollar (SGD) replaced the Malaya and British Borneo Dollar after Singapore’s independence. It shares a unique 1:1 exchange arrangement with the Brunei Dollar, reflecting strong regional ties.
The SGD is now one of the world’s strongest currencies, backed by Singapore’s reputation as a global financial hub. It symbolizes resilience, innovation, and the city-state’s long-term vision for sustainable economic growth.
Thailand – Baht (THB)
Thailand’s Baht (THB) is one of the oldest continuously used currencies in Asia. Originating from a traditional silver-weight measurement, it became the official monetary unit in the early 20th century.
The Baht is among the most stable currencies in Southeast Asia, supported by a robust tourism and export economy. Each Thai banknote showcases the country’s monarchy and cultural heritage, reflecting both tradition and modern pride.
Timor-Leste – US Dollar (USD)
After gaining independence in 2002, Timor-Leste adopted the US Dollar (USD) as its official currency. The decision provided stability for the young nation’s developing economy.
While the country also issues centavo coins for local transactions, the US Dollar remains dominant. This choice reflects practicality and global integration, helping Timor-Leste maintain investor confidence and control inflation.
Vietnam – Dong (VND)
Vietnam’s Dong (VND) was introduced in 1946 after independence from French colonial rule. The name “Dong” means copper in Vietnamese, referencing the metal used for coins in earlier centuries.
Although its value is among the lowest in the world, the Dong holds deep national meaning. It symbolizes Vietnam’s endurance through wars and rapid economic transformation — from a war-torn state to one of Asia’s fastest-growing economies.
The Value Beyond Money
From the Baht to the Rupiah, each Southeast Asian currency tells a story about history, independence, and identity.
These currencies might differ in value, but they share a deeper role: representing resilience, unity, and the aspiration for prosperity in one of the world’s most dynamic regions.
