About the Bermudian Dollar
The Bermudian Dollar was introduced in 1970, replacing the Bermudian pound as part of the country's decimalisation program.
The name 'Dollar' is derived from the widely-used U.S. Dollar, to which the Bermudian Dollar is pegged.
Interesting Facts
One-to-One with the US Dollar
The Bermudian Dollar is pegged to the U.S. Dollar at a one-to-one ratio, and U.S. currency is widely accepted on the island.
Vertical Banknotes
Bermuda's banknotes were redesigned in 2009 with a unique vertical orientation, showcasing the island's flora and fauna.
Offshore Financial Center
Bermuda is a major offshore financial center, particularly for the insurance and reinsurance industries, which underpins the strength of its currency.
Historical Timeline
The Bermudian Dollar is introduced.
The Bermudian Dollar is pegged 1:1 to the U.S. Dollar.
A new series of vertically-oriented banknotes is issued.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- BMD
- Symbol
- $
- Numeric Code
- 060
- Subunit
- Cent (1/100)
- Introduced
- 1970-02-06
Central Bank
- Name
- Bermuda Monetary Authority
- Headquarters
- Hamilton, Bermuda
- Founded
- 1969
- Current Governor
- Craig Swan (since 2021)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 3.5%
- Interest Rate
- 5.50%
Exchange Rates
What Affects the BMD Exchange Rate?
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