: Bermuda introduced the dollar to decimalize its economy, replacing the pound.
: The BMD is pegged to the US dollar (USD) at a strict 1:1 ratio . bermuda dollar
: All currency is issued and regulated by the Bermuda Monetary Authority (BMA) . 1 BMD equals As of Apr 27, 4:58 PM PDT • Disclaimer Apr 27, 2026 Currency Denominations : Bermuda introduced the dollar to decimalize its
Travelers are advised to exchange any remaining BMD back to USD before leaving the island, as it is only useful as a souvenir elsewhere. bermuda dollar
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While legally distinct, both currencies circulate interchangeably on the island.