Bermuda dollar
From Wikipedia, the free encyclopedia
| 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.
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.
[edit] Coins
Coins in circulation
- 1 cent
- 5 cents
- 10 cents
- 25 cents
- 1 dollar
[edit] Banknotes
Banknotes in circulation
- 2 dollars
- 5 dollars
- 10 dollars
- 20 dollars
- 50 dollars
- 100 dollars
As of September 2, 2006, the rate was
1 USD = BD$ 1
1 EUR = BD$ 1.28335
1 GBP = BD$ 1.90571
edit this exchange rate
| Use Yahoo! Finance: | AUD BRL CAD CHF CNY EUR GBP INR JPY MXN RUB USD |
| Use XE.com: | AUD BRL CAD CHF CNY EUR GBP INR JPY MXN RUB USD |
[edit] External links
- Bermuda Monetary Authority
- Essential facts about the Bermuda dollar (geared toward overseas visitors)
- Banknotes
- Coins
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