The (ISO 4217 code: BMD ; symbol: ) is the official currency of the British Overseas Territory of Bermuda. Financial Fundamentals
All coins feature the effigy of the British monarch on the obverse. Historical Evolution bermuda dollar
: The formal 1:1 peg to the US dollar was established to simplify trade and attract American tourists. The (ISO 4217 code: BMD ; symbol: )
: Bermuda's first minted currency featured a hog and a galleon. : Bermuda's first minted currency featured a hog
: Currently issued in denominations of $2, $5, $10, $20, $50, and $100 .
: In late 2024, the BMA introduced new $2 and $5 polymer notes featuring an effigy of King Charles III , replacing older paper versions.
Travelers are advised to exchange any remaining BMD back to USD before leaving the island, as it is only useful as a souvenir elsewhere.