: Bermuda introduced the dollar to decimalize its economy, replacing the pound.
: The island used the Bermudian pound (equal to the British pound sterling) for roughly 130 years. bermuda dollar
Local businesses are required by law to accept USD at this 1:1 rate. : Bermuda introduced the dollar to decimalize its
: Banknotes are celebrated for their vibrant colors and depiction of local fauna, such as the Bermuda Bluebird ($2) and Atlantic Blue Marlin ($5). Coins : Circulated in 1, 5, 10, and 25 cents , and a $1 coin . and 25 cents
: The formal 1:1 peg to the US dollar was established to simplify trade and attract American tourists.
While legally distinct, both currencies circulate interchangeably on the island.