Local businesses are required by law to accept USD at this 1:1 rate.
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: The BMD is pegged to the US dollar (USD) at a strict 1:1 ratio . bermuda dollar
All coins feature the effigy of the British monarch on the obverse. Historical Evolution
: 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 . Local businesses are required by law to accept
: Bermuda's first minted currency featured a hog and a galleon.
Travelers are advised to exchange any remaining BMD back to USD before leaving the island, as it is only useful as a souvenir elsewhere. Learn more : The BMD is pegged to
While legally distinct, both currencies circulate interchangeably on the island.