BMD

Bermudian Dollar

BMD is the official currency of Bermuda. It is issued by the Bermuda Monetary Authority and is subdivided into 100 cents.

The dollar was introduced in 1970 as part of decimalization. It is pegged at parity (1:1) to the US dollar, which also circulates as legal tender. The Bermuda Monetary Authority was established in 1969. The economy is heavily dependent on international finance and tourism.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

GBP

British Pound Sterling

GBP is the official currency of the United Kingdom and its territories. It's one of the oldest curre...

Bermuda Monetary Authority

Bermuda Monetary Authority is the monetary authority for Bermuda. It issues the BMD and supports cur...

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