> I don't know what the word is (linked?) but their currency is interchangeable. You can go to a Singapore bank with $100 BND and get $100 SGD (no fee) and vice

> I don't know what the word is (linked?) but their currency is interchangeable. You can go to a Singapore bank with $100 BND and get $100 SGD (no fee) and vice versa. I believe the term is "pegged"[1], although what you describe sounds like it is much more involved. ___ 1. https://en.wikipedia.org/wiki/Fixed_exchange_rate_system https://en.wikipedia.org/wiki/Fixed_exchange_rate_system