BERMUDA

(BMD) Currency News >>

CURRENCY:

Bermuda Dollar - BMD, Symbol BD$

DENOMINATIONS:

NOTE: BD$100, 50, 20, 10, 5 and 2

COIN: BD$1, and 25, 10, 5 and 1 cents

US DOLLAR ACCEPTED:

Yes, widely, although you may receive change in BD cents.

CREDIT/DEBIT CARDS AND ATMS:

All major credit cards are accepted in Bermuda. ATMs are also widely available.

CURRENCY EXCHANGE:

If changing money, please ensure this is done only at an authorised bureau de change or bank as it is illegal to do so elsewhere.

TRAVELLER'S CHEQUES:

These are best in US Dollars, and will be widely accepted.

BANKING HOURS:

Check if unsure, but most banks are open between Mon-Fri 0900-1630.

CURRENCY RESTRICTIONS:

There are no currency restrictions when leaving Bermuda.

COUNTRY OVERVIEW:

Bermuda is an island in the North Atlantic Ocean. It is officially called the Bermuda Islands or also the Somers Isles. It is a British overseas territory and therefore shares the same Queen with the United Kingdom. The capital is Hamilton, and the official language is English, although Portuguese is also spoken.

POPULATION:

66, 163

ECONOMY:

The economy of Bermuda is healthy and even affluent, with the main elements being finance and tourism. In 2005, it was named as having the world's highest Gross Domestic Product per capita. Before 1970, Bermuda's currency was the Bermuda pound, but since that time it is the Bermudian dollar which is pegged with the US Dollar. The notes carry the image of Queen Elizabeth II. Bermuda has an international business economy - financial services such as investment funds, insurance and reinsurance are exported and have become the largest sector of the economy there. Many international insurance companies have bases in Bermuda. Bermuda also has its own stock exchange since 1971. Tourism is also healthy, the subtropical climate and beaches being a draw to foreign visitors.