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Encyclopedia > Bermuda dollar
Bermuda dollar
Bermudian pound and dollar banknotes
Bermudian pound and dollar banknotes
ISO 4217 Code BMD
User(s) Bermuda
Inflation 2.8%
Source The World Factbook, November 2005
Pegged with U.S. dollar at par
Subunit
1/100 cent
Symbol BD$
Coins
Freq. used 1, 5, 10, 25 cents, $1
Rarely used 50 cents
Banknotes $2, $5, $10, $20, $50, $100
Central bank Bermuda Monetary Authority
Website www.bma.bm

The dollar (currency code BMD), has been the currency of Bermuda since 1970. It is normally abbreviated with the dollar sign $, or alternatively BD$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents. Image File history File links Download high resolution version (952x653, 570 KB)A selection of Bermudian Sterling and dollar banknotes. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... A two-cent euro coin A United States penny, or 1¢ In currency, the cent is a monetary unit that equals 1/100 of the basic unit of value. ... $ The dollar sign ($) is a symbol primarily used to indicate a unit of currency. ... The Bermuda Monetary Authority is responsible for the licensing of banks, deposit companies and investment businesses, the issue and redemption of Bermuda notes and coins, supervision of Bermudas financial institutions, providing advice to Government on banking and other financial and monetary matters and the vetting of individuals and entities... 1970 (MCMLXX) was a common year starting on Thursday. ... $ The dollar sign ($) is a symbol primarily used to indicate a unit of currency. ... United States one-dollar bill Canadian one-dollar coin (Loonie) One New Taiwan dollar Australian one-dollar coin 500 old Zimbabwean dollars The dollar (represented by the dollar sign: $ which comprises a single vertical line through a capital S) is the name of the official currency in several countries, dependencies... A two-cent euro coin A United States penny, or 1¢ In currency, the cent is a monetary unit that equals 1/100 of the basic unit of value. ...


The Bermuda dollar is pegged to the U.S. 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. A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... The pound was the currency of Bermuda until 1970. ... 1970 (MCMLXX) was a common year starting on Thursday. ... Before decimalisation in 1971, a shilling had a value of 12d (old pence), and was equal to 1/20th of a pound: there were 240 (old) pence to the pound. ... For silver pennies produced after 1820 see Maundy money. ... For details of notes and coins, see British coinage and British banknotes. ...


Coins

Coins in circulation A coin is usually a piece of hard material, generally metal, usually in the shape of a disc, and most often issued by a government, to be used as a form of money in transactions. ...

  • 1 cent
  • 5 cents
  • 10 cents
  • 25 cents
  • 1 dollar

Banknotes

Banknotes in circulation A £20 Bank of England banknote. ...

  • 2 dollars
  • 5 dollars
  • 10 dollars
  • 20 dollars
  • 50 dollars
  • 100 dollars
Current BMD exchange rates
Use Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com: AUD CAD CHF EUR GBP HKD JPY USD
Use OANDA.com: AUD CAD CHF EUR GBP HKD JPY USD

External links


  Results from FactBites:
 
Bermuda's dollar is at par with USA (826 words)
If you work legally in Bermuda, are paid in Bermuda dollars and wish to send money back to your home country, go to the Bermuda bank where you are a customer to buy foreign exchange at the prevailing rate and arrange for a wire transfer, safer and far quicker than by postal mail.
US dollars may also be acquired by Bermudians and their families from the local banks for legitimate travel and related purposes such as overseas purchases, educational costs, support for family members abroad, subscriptions for newspapers and other needs.
Bermuda's three banks offer the Euro to all visitors and business executives or representatives heading for Ireland and countries of the continent of Europe where the Euro replaced their national currencies on January 1, 2002.
Bermuda - Wikipedia, the free encyclopedia (2387 words)
Bermuda (fully, The Bermuda Islands, alias The Somers Isles) is an overseas territory of the United Kingdom in the North Atlantic Ocean, situated around 600 miles (975 km) off the coast of the United States.
Deliberate settlement of Bermuda began with the arrival of the plough, in 1612.
Bermuda is located in the North Atlantic Ocean roughly 580 nautical miles (1074 kilometers) east-southeast of Cape Hatteras on the Outer Banks of North Carolina and roughly 590 nautical miles (1093 kilometers) southeast of Martha's Vinyard.
  More results at FactBites »

 
 

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