What is the national currency of bermuda

• • Close • • • • • • • • • • • • • • • • • • • • • Close • • • • • • • • • • Close • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Close • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Close • • • • • • • • Close • • • • • • • • • • Close • • • • Since its inception on 20th February 1969, the Bermuda Monetary Authority was granted responsibility by virtue of Section 9 of the Bermuda Monetary Authority Act 1969 for the issue of Bermuda’s national currency – Bermuda dollars and cents. The design of the currency has always reflected traditional Bermuda landscapes, flora and fauna and it is this representation of unique Bermudian features that has made our currency of interest to dealers/numismatists both locally and overseas. The Notes and Coins of Bermuda throughout the years are also featured in the Authority’s Note and Coin Exhibit located at the Authority’s main premises – BMA House, 43 Victoria Street, Hamilton. This Exhibit is open from 9:00am – 4:00pm daily (Monday – Friday) and is ably supported by a Note Exhibit located at the Commissioner’s House, Bermuda Maritime Museum in Dockyard. Commemorative Notes & Coins Commemorative Notes In 1992, the Authority introduced its first commemorative note to in celebration of the 500th Anniversary of the Discovery of the New World by Christopher Columbus. This $50 note was issued as both a circul...

The official currency of Bermuda is the Bermuda Dollar (BMD). BMD has been legal tender since 1970 and is pegged to the US Dollar (USD) on a 1:1 basis. Retailers accept both BMD and USD and change can be given in the currency of your choice depending on availability. BMD is not traded internationally meaning visitors must spend or convert their BMD before leaving, unless you intend to return. Bermuda Dollars can be found in the following denominations: Coins Paper 1¢ $2 5¢ $5 10¢ $10 25¢ $20 $1 $50 $100 Most retailers and services accept credit card, however your bank may charge a small exchange fee on each transaction. There are ATMs around the island that dispense BMD as well as USD ATMs at Bank of Bermuda locations where you will be charged ATM fees from your bank.

For brochures, guides and some personal insight to help you get exploring, drop one of our Visitor Services Centres below. The staff has a wealth of knowledge, from directions and phone numbers to their favourite spots on the island. You can also download guides and maps direct from this website and view recommendations from our Island Insiders. City of Hamilton • Legal tender on the island is the Bermuda Dollar, which trades at the same rate as the U.S. dollar and carries the same symbol ($). • Bermuda and the U.S. Dollar are accepted interchangeably. When dispensing change, most retailers and businesses will try to provide change in U.S. dollars to visitors. • Canadian dollars, British pounds and other foreign currencies need to be exchanged at local banks. • ATMs are widely available. Find 24-hour ATMs at HSBC Bermuda, Butterfield Bank and Clarien Limited. Check convenience stores, gas stations or your hotel for the ATM nearest you. Most ATMs dispense only Bermuda dollars. HSBC Bermuda does offer US Cash ATM's at their branch locations. • Visa, MasterCard and American Express credit cards are accepted almost everywhere. Money Orders & Travellers' Cheques Due to recent changes in the laws (the U.S. Patriot Act and the Bank Secrecy Act), travellers’ cheques and money orders in U.S. Dollars have not been accepted in Bermuda since March 1, 2014. As they can be purchased for cash with no identification required, there has been increasing use of these instruments in fraudulen...

OANDA uses cookies to make our websites easy to use and customized to our visitors. Cookies cannot be used to identify you personally. By visiting our website you consent to OANDA’s use of cookies in accordance with our Privacy Policy. To block, delete or manage cookies, please visit aboutcookies.org. Restricting cookies will prevent you benefiting from some of the functionality of our website. Overview Bermuda’s official currency is the Bermudian Dollar (BMD). The symbol used for the Bermudian Dollar is the same as the Economy • Bermuda’s economy is stable and the country has a high capita per income compared to the rest of the world. • The tourist industry accounts for 28% of the GDP and mainly receives business from North America. The service industry accounts for 89% of the total GDP. • International Business accounts for 60% of the economic output of Bermuda. • Bermuda imports 80% of its food products. • The island is also an offshore financial institution. • The unemployment rate is estimated at 2.1%. • The main export product is pharmaceuticals. • Import products are food, construction material, machinery, live animals, clothing, and fuels. History • Like its Caribbean neighbors, Bermuda used the Spanish Dollar for over four decades. • In 1842, the Sterling became the official currency of Bermuda. • During the 1850s the Spanish Dollar was taken out of circulation; however, it was put back into circulation in 1870s. • In 1876, legislation was enacted to prevent the S...

>>>... This isn't a concern for most of your stay in Bermuda but on your final day,..you may certainly ask for change in US dollars. As often as not most Bermuda retailers will TRY to comply with your request IF POSSIBLE. The US Dollar is equal to and as common as the Bermudian Dollar IN Bermuda but....try to pay the cashier at your local supermarket ort gas station at home with artistically colorful Bermuda dollars and they'll think you're tryin' to pay 'em in Monopoly money. >>>...I love having the Bermudian money...<<< We've still got some Still tryin' to get used to Bermuda's relatively new '..vertical..' money. I still think a printer's apprentice on the night shift suffered from acute vertigo when he was setting up the presses for the first run at the Royal Mint....the rest is 'history'.