BMD to UYI

BMD - Bermudan Dollar ($)
UYI - Uruguayan Peso (Indexed Units) (UYI)
1 BMD1 UYI

Currency conversion rates from BMD to UYI

BMDUYI
1 BMD1 UYI
5 BMD5 UYI
10 BMD10 UYI
20 BMD20 UYI
50 BMD50 UYI
100 BMD100 UYI
250 BMD250 UYI
500 BMD500 UYI
1000 BMD1000 UYI
2000 BMD2000 UYI
5000 BMD5000 UYI
10000 BMD10000 UYI
UYIBMD
1 UYI1 BMD
5 UYI5 BMD
10 UYI10 BMD
20 UYI20 BMD
50 UYI50 BMD
100 UYI100 BMD
250 UYI250 BMD
500 UYI500 BMD
1000 UYI1000 BMD
2000 UYI2000 BMD
5000 UYI5000 BMD
10000 UYI10000 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.

More information about BMD - Bermudan Dollar (BMD)


UYI - ()

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