Bermuda dollar
Encyclopedia : B : BE : BER : Bermuda dollar
The dollar (currency code BMD), has been the currency of Bermuda since 1970. It is normally abbreviated with the dollar sign $, or alternatively BM$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.
The Bermuda dollar is pegged to the US dollar at a 1:1 rate, but is not traded outside of Bermuda. Bermuda has issued its own currency since the seventeenth century. The Bermuda pound, which was replaced by the Bermuda dollar in 1970 at the rate of 1 dollar = 8 shillings 4 pence (that is, 100 pence), was of equivalent value to the British pound. British coinage was used, but Bermuda printed its own banknotes.
Coins in circulation
- 1 cent
- 5 cents
- 10 cents
- 25 cents
- 1 dollar
- 2 dollars
- 5 dollars
- 10 dollars
- 20 dollars
- 50 dollars
- 100 dollars
See also
External links
- [Bermuda Monetary Authority]
- [Essential facts about the Bermuda dollar] (geared toward overseas visitors)
- [Banknotes]
- [Coins]
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