Bermudian dollar

Bermudian dollar

Infobox Currency
image_1 =
image_title_1 = Bermudian pound and dollar banknotes
iso_code = BMD
using_countries = Bermuda
inflation_rate = 2.8%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", November 2005
pegged_with = U.S. dollar at par
subunit_ratio_1 = 1/100
subunit_name_1 = cent
symbol = BD$
frequently_used_coins = 1, 5, 10, 25 cents, $1
rarely_used_coins = 50 cents
used_banknotes = $2, $5, $10, $20, $50, $100
issuing_authority = Bermuda Monetary Authority
issuing_authority_website = www.bma.bm

The dollar (ISO 4217 code: "BMD") is the currency of Bermuda. It is normally abbreviated with the dollar sign "$" or, alternatively, "BD$" to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. The Bermudian dollar is not traded outside of Bermuda.

History

The dollar was introduced in 1970, replacing the Bermudian pound at the rate of 1 dollar = 8 shillings 4 pence (that is, 100 pence). This rate was chosen so as to facilitate the pegging of the Bermuda dollar to the U.S. dollar at par, since the exchange rate between the pound (equal to sterling) and U.S. dollar was 2.4 dollars = 1 pound.

Coins

In 1970, coins were introduced in denominations of 1, 5, 10, 25 and 50 cents. The 1 cent was bronze, with the other coins struck in cupro-nickel. In 1983, nickel-brass 1 and 5 dollars coins were issued, although the 5 dollars coin was not issued again. In 1988, copper-plated steel replaced bronze, a larger 1 dollar coin was introduced and production of the 50 cents coins ceased. In 1991, copper-plated zinc replaced copper-plated steel in the 1 cent. Coins in circulation are:
*1 cent
*5 cents
*10 cents
*25 cents
*1 dollar

Banknotes

In 1970, the government introduced notes in denominations of 1, 5, 10, 20 and 50 dollars. From 1974, the Bermuda Monetary Authority took over paper money production, introducing 100 dollars notes in 1982 and 2 dollars in 1988, when the 1 dollar was replaced by a coin. Banknotes in circulation are:
*2 dollars
*5 dollars
*10 dollars
*20 dollars
*50 dollars
*100 dollars

ee also

* Economy of Bermuda

References

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994

External links

Standard numismatics external links
world_coin_gallery_1_url = Bermuda
world_coin_gallery_1_name = Bermuda
banknote_world_1_url = bermuda
banknote_world_1_name = Bermuda
dollarization_1_url =
dollarization_1_name =
gfd_1_url = Bermuda
gfd_1_name = Bermuda
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y

* [http://www.bma.bm Bermuda Monetary Authority]
* [http://www.bermuda-online.org/money.htm Essential facts about the Bermuda dollar] (geared toward overseas visitors)


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • BMD (Bermudian Dollar) — The currency abbreviation or currency symbol for the Bermudian dollar (BMD). The Bermudian dollar is made up of 100 cents, and is often presented with the dollar sign as BD$ to allow it to be distinguished from other currencies denominated in… …   Investment dictionary

  • Dollar (disambiguation) — Dollar is a variety of currency units used in about two dozen countries. Dollar may refer to: Contents 1 Actual currency 2 Fictional currency 3 Other use 4 See also …   Wikipedia

  • Dollar bermudien — Dollar des Bermudes Unité monétaire moderne actuelle Pays officiellement utilisateur(s)  Bermudes Banque centrale Autorité Monétaire des Bermudes Symbole local …   Wikipédia en Français

  • Dollar des Bermudes — Dollar bermudien Unité monétaire moderne actuelle Dollar des Bermudes Pays officiellement utilisateur(s) …   Wikipédia en Français

  • Bermudian pound — Infobox Currency image 1 = image title 1 = Bermudian pound and dollar banknotes iso code = BMD using countries = Bermuda pegged with = British pound at par subunit ratio 1 = 1/20 subunit name 1 = shilling subunit ratio 2 = 1/240 subunit name 2 =… …   Wikipedia

  • Dollar — Dolar redirects here. For the Slovenian philosopher, see Mladen Dolar. For the municipality in Spain, see Dólar. For other uses, see Dollar (disambiguation). United States dollar bill The dollar (often represented by the dollar sign $) is the… …   Wikipedia

  • Dollar sign — $ redirects here. For the unit of currency, see Dollar or Peso. For other uses, see $ (disambiguation). $ Dollar sign …   Wikipedia

  • United States dollar — USD redirects here. For other uses, see USD (disambiguation). United States dollar …   Wikipedia

  • East Caribbean dollar — 2002 1 dollar coin ISO 4217 code XCD User(s) …   Wikipedia

  • Cayman Islands dollar — Kyd redirects here. For the playwright Thomas Kyd, see Thomas Kyd. Cayman Islands dollar 1992 25 cent coin …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”