BOB to BMD

BOB - Bolivian Boliviano (Bs)
BMD - Bermudan Dollar ($)
1 BOB1 BMD

Currency conversion rates from BOB to BMD

BOBBMD
1 BOB1 BMD
5 BOB5 BMD
10 BOB10 BMD
20 BOB20 BMD
50 BOB50 BMD
100 BOB100 BMD
250 BOB250 BMD
500 BOB500 BMD
1000 BOB1000 BMD
2000 BOB2000 BMD
5000 BOB5000 BMD
10000 BOB10000 BMD
BMDBOB
1 BMD1 BOB
5 BMD5 BOB
10 BMD10 BOB
20 BMD20 BOB
50 BMD50 BOB
100 BMD100 BOB
250 BMD250 BOB
500 BMD500 BOB
1000 BMD1000 BOB
2000 BMD2000 BOB
5000 BMD5000 BOB
10000 BMD10000 BOB

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)


BOB - Bolivian Boliviano (BOB)

Bolivian Boliviano

The official currency of Bolivia is the Bolivian Boliviano (BOB). The symbol used for the Boliviano is Bs. The Boliviano is subdivided in 100 centavos. The same name was used for the currency from 1864 to 1963. There were two Boliviano series additions before the new Boliviano was introduced.

The Bolivian Boliviano is the currency in Bolivia (BO, BOL). The symbol for BOB can be written Bs. The Bolivian Boliviano is divided into 100 centavos. The exchange rate for the Bolivian Boliviano was last updated on May 24, 2019 from Yahoo Finance. The BOB conversion factor has 3 significant digits.

Economy

  • The economy of Bolivia fluctuates and has had periods of diversification.
  • Bolivia’s agricultural sector needs to be modernized.
  • Due to the slow population growth, industries in Bolivia have been growing at a slow pace.
  • The mining industry in Bolivia accounts for a large part of the export products.
  • Bolivia relies on the service industry, which accounts for 52% of the total GDP.
  • Unemployment is estimated at 8.3%.
  • The natural gas reserve of Bolivia is the second largest in South America.
  • Export products are zinc, tin, cocaine, ore, soy products, natural gas, and soybeans.
  • Import products are aircraft, automobiles, plastics, insecticides, petroleum products, and soybeans.
  • There are no foreign investment restrictions in Bolivia.
  • In the last few years Bolivia’s economy has been improving steadily.

History

  • In 1864 the first Boliviano was launched. The currency before the Boliviano was the Scudo.
  • Originally the currency was subdivided into centecimos; these were changed to centavos in 1870.
  • Initially the boliviano was pegged to the French Franc at a rate of 5 French Francs = 1 Boliviano.
  • The Boliviano became part of the gold standard in 1908.
  • In 1940 Bolivia accepted multiple exchange rates with the US Dollar.
  • In 1963 the Boliviano was replaced with the Peso Boliviano.
  • In 1987 the new Boliviano replaced the Reso Boliviano.

More information about BOB - Bolivian Boliviano (BOB)