BMD to GEL

BMD - Bermudan Dollar ($)
GEL - Georgian Lari ()
1 BMD1 GEL

Currency conversion rates from BMD to GEL

BMDGEL
1 BMD1 GEL
5 BMD5 GEL
10 BMD10 GEL
20 BMD20 GEL
50 BMD50 GEL
100 BMD100 GEL
250 BMD250 GEL
500 BMD500 GEL
1000 BMD1000 GEL
2000 BMD2000 GEL
5000 BMD5000 GEL
10000 BMD10000 GEL
GELBMD
1 GEL1 BMD
5 GEL5 BMD
10 GEL10 BMD
20 GEL20 BMD
50 GEL50 BMD
100 GEL100 BMD
250 GEL250 BMD
500 GEL500 BMD
1000 GEL1000 BMD
2000 GEL2000 BMD
5000 GEL5000 BMD
10000 GEL10000 BMD

BMD - Bermudan Dollar (BMD)

Bermudan Dollar

Bermuda’s official currency is the Bermudian Dollar (BMD). The symbol used for the Bermudian Dollar is the same as the US Dollar ($). The country also uses BD$ to distinguish the Bermudian Dollar from the USD. The Dollar is divided into 100 cents. No trading of the Bermudian Dollar is done outside the island of Bermuda.

The Bermuda Dollar is the currency in Bermuda (BM, BMU). The symbol for BMD can be written Bd$. The Bermuda Dollar is divided into 100 cents. The exchange rate for the Bermuda Dollar was last updated on Today from The International Monetary Fund. The BMD conversion factor has 6 significant digits.

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 Spanish Dollar from returning.
  • Until 1970, the Bermuda Sterling was the official currency of Bermuda.
  • Bermuda introduced the Dollar in 1970 but kept the Sterling. At that point the Sterling and Dollar had a fixed exchange rate of $2.40 = £ 1.
  • In 1972, the Sterling era ended and Bermuda pegged its dollar to the US Dollar at par.
  • Control over the Sterling was abolished in 1979.

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GEL - Georgian Lari (GEL)

The Georgian lari is the official currency of the country of Georgia. It’s most commonly converted to the US dollar. The currency code for the lari is GEL, and its sign is ლ. The sign was introduced by the Governor of the National Bank of Georgia (NBG) in July 2014. It’s a three-quartered circle open in the lower-right-hand quadrant. It has two vertical parallel lines at its crest and rests on a platform the length of its diameter. It was conceived as part of a sign design contest that began in 2013. It was meant to be easy to construct and to be reminiscent of the Georgian alphabet.

The Lari is the basic monetary unit of Georgia. The word derives from an old native word meaning hoard. It is divided into 100 teri, the currency used in Georgia during the 13th century.

The Georgian Lari is the currency in Georgia (GE, GEO). The Georgian Lari is divided into 100 tetri. The exchange rate for the Georgian Lari was last updated on May 24, 2019 from Yahoo Finance. The GEL conversion factor has 5 significant digits.

Economy

  • The largest sector of the Georgian economy is the service industry, with wholesale and retail leading the sector.
  • Other industries include agriculture, mining, manufacturing, and fishing.
  • Georgia has become a leading producer of eggs and broiler chickens, as well as a primary producer of beef cattle, hogs, and milk.
  • Although Georgia was severely damaged economically by civil strife, the country has recovered with the help of the IMF and the World Bank.
  • Since 1995, Georgia has achieved positive GDP growth and has minimized inflation.

History

  • On October 2, 1995 the Georgian Lari became the official currency of Georgia.
  • It replaced the provisional coupon currency which was the kupon Lari, the currency that had replaced the Russian Ruble on April 5, 1993.
  • Eduard Shevardnadze’s government was in power during the establishment of the currency.
  • The coins in circulation are 1, 2, 5, 10, 20, and 50 tetri, and 1 and 2 Lari.
  • Commonly used banknotes are 5, 10, 20, and 50 Lari.
  • The 1, 2, 100, and 200 Lari banknotes are rarely used.

More information about GEL - Georgian Lari (GEL)