# Bermudian dollar

> currency of Bermuda

**Wikidata**: [Q210478](https://www.wikidata.org/wiki/Q210478)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Bermudian_dollar)  
**Source**: https://4ort.xyz/entity/bermudian-dollar

## Summary
The Bermudian dollar (BD$) is the official currency of Bermuda, a British overseas territory in the North Atlantic Ocean. It was introduced in 1970 to replace the Bermudian pound and is issued by the Bermuda Monetary Authority. The currency is produced by De La Rue, a British security printing company, and is widely used for financial transactions on the island.

## Key Facts
- **Currency Code**: ISO 4217 code is BMD.
- **Unit Symbol**: BD$.
- **Issuer**: Bermuda Monetary Authority.
- **Manufacturer**: De La Rue.
- **Replaced**: Bermudian pound (introduced in 1970).
- **Exchange Rate**: Fixed to the United States dollar (1 USD = 1 BMD).
- **Wikipedia Presence**: Available in 47 language editions.
- **Commons Category**: Money of Bermuda.
- **QuDT Unit ID**: CCY_BMD.
- **Wolfram Language Unit Code**: "BermudaDollars".
- **Aliases**: BMD, Dolar bermudeno, Dolar bermudeño, Dólar bermudeno, Dólar de Bermudas, Dólar de Bermuda, Dolar de Bermuda, Dolar de Bermudas, dollar des Bermudes, Валюта Бермуд.
- **Central Bank**: Bermuda Monetary Authority.
- **Sitelink Count**: 47.
- **Wikidata Description**: Currency of Bermuda.
- **Great Russian Encyclopedia Portal ID**: bermudskii-dollar-f9502f.
- **OMEGAwiki Defined Meaning**: 1008587.
- **PermID**: 500126.
- **QuDT Dimension ID**: A0E0L0I0M0H0T0D1.
- **Wikikids ID**: Bermudaanse_dollar.
- **Freebase ID**: /m/04xb8t (with reference to Freebase and publication date October 28, 2013).

## FAQs
**What is the Bermudian dollar, and how does it function?**
The Bermudian dollar (BD$) is the official currency of Bermuda, a British overseas territory. It serves as a medium of exchange, a unit of account, and a store of value, functioning similarly to other fiat currencies. The currency is issued by the Bermuda Monetary Authority and is produced by De La Rue, ensuring its security and authenticity.

**When was the Bermudian dollar introduced, and what did it replace?**
The Bermudian dollar was introduced in 1970 to replace the Bermudian pound. This change was part of Bermuda's economic restructuring, aligning its currency with the United States dollar at a fixed exchange rate of 1:1.

**Who issues and produces the Bermudian dollar?**
The Bermudian dollar is issued by the Bermuda Monetary Authority, the central bank of Bermuda. The currency is produced by De La Rue, a British security printing company known for its expertise in producing secure banknotes and other financial documents.

**What is the relationship between the Bermudian dollar and the United States dollar?**
The Bermudian dollar is pegged to the United States dollar at a fixed exchange rate of 1:1. This peg ensures price stability and facilitates trade between Bermuda and the United States, as well as with other countries that use the U.S. dollar.

**How is the Bermudian dollar different from other currencies, such as the Bahamian dollar or Icelandic króna?**
The Bermudian dollar is distinct from other currencies like the Bahamian dollar and Icelandic króna in its specific issuance and production. It is produced by De La Rue and issued by the Bermuda Monetary Authority, reflecting Bermuda's unique economic and financial framework. Additionally, its fixed exchange rate with the U.S. dollar sets it apart from floating currencies.

## Why It Matters
The Bermudian dollar plays a crucial role in Bermuda's economy by facilitating financial transactions, supporting trade, and maintaining price stability. Its fixed exchange rate with the United States dollar enhances its reliability and usability, particularly for businesses and individuals engaged in cross-border commerce. The currency's production by De La Rue ensures its security and authenticity, preventing counterfeiting and fraud. As Bermuda's official currency, the Bermudian dollar is integral to the island's financial infrastructure and economic stability. Its issuance by the Bermuda Monetary Authority and its alignment with the U.S. dollar system underscore its importance in the broader global financial landscape.

## Notable For
- **Fixed Exchange Rate**: The Bermudian dollar is pegged to the United States dollar at a 1:1 rate, ensuring price stability and facilitating trade.
- **Security Printing**: Produced by De La Rue, a leader in security printing, the Bermudian dollar features advanced anti-counterfeiting technologies.
- **Issuance by Bermuda Monetary Authority**: The currency is issued by the Bermuda Monetary Authority, the central bank of Bermuda, reflecting its status as an official monetary unit.
- **Replacement of Bermudian Pound**: Introduced in 1970 to replace the Bermudian pound, the currency represents a significant economic restructuring for Bermuda.
- **Global Financial System**: The Bermudian dollar is part of the broader global financial system, with its fixed exchange rate with the U.S. dollar enhancing its usability.
- **Widespread Wikipedia Coverage**: The currency has a substantial Wikipedia presence, with articles available in 47 languages, indicating its global relevance.
- **Comprehensive Aliases**: The currency has a wide range of aliases across multiple languages, reflecting its international recognition.

## Body

### Core Definition and Conceptual Framework
The Bermudian dollar (BD$) is the official currency of Bermuda, a British overseas territory located in the North Atlantic Ocean. It serves as a medium of exchange, a unit of account, and a store of value, functioning similarly to other fiat currencies. The currency is issued by the Bermuda Monetary Authority and is produced by De La Rue, a British security printing company. The Bermudian dollar was introduced in 1970 to replace the Bermudian pound, reflecting Bermuda's economic restructuring and alignment with the United States dollar system.

### Global Recognition and Documentation
The Bermudian dollar has a substantial presence in global knowledge systems, with Wikipedia articles available in 47 languages. The currency is classified under the ISO 4217 standard with the code BMD and is recognized by various international databases and thesauri. It is also linked to the QuDT (Quantities, Units, Dimensions, and Types) ontology, which provides a standardized framework for measuring and comparing currencies. The currency's aliases, including terms in multiple languages, reflect its global recognition and usage.

### Model Examples and Instances
The Bermudian dollar is a specific instance of the broader class of currencies, sharing characteristics with other fiat currencies such as the United States dollar and euro. It is produced by De La Rue, a company known for its expertise in security printing, and is issued by the Bermuda Monetary Authority. The currency's fixed exchange rate with the United States dollar ensures its stability and usability in international trade.

### Distinctions and Related Concepts
The Bermudian dollar is distinct from other currencies in its specific issuance and production. It is produced by De La Rue and issued by the Bermuda Monetary Authority, reflecting Bermuda's unique economic and financial framework. The currency's fixed exchange rate with the U.S. dollar sets it apart from floating currencies. Additionally, the Bermudian dollar is different from the Bermudian pound, which it replaced in 1970.

### Historical and Academic Sources
The Bermudian dollar's history and issuance are documented in various academic and historical sources. The currency's introduction in 1970 to replace the Bermudian pound is a significant event in Bermuda's economic history. The Bermuda Monetary Authority, the central bank of Bermuda, plays a crucial role in the currency's issuance and management. The currency's production by De La Rue ensures its security and authenticity, preventing counterfeiting and fraud.

### Cultural, Digital, and Fictional Depictions
The Bermudian dollar has a presence in digital and cultural contexts, with references in various media and platforms. The currency's fixed exchange rate with the U.S. dollar enhances its usability in digital transactions and international trade. The currency's production by De La Rue ensures its security and authenticity, reflecting the company's expertise in security printing. The Bermudian dollar is also recognized in fictional universes, with references in media and literature.

### Organizational and Platform Contexts
The Bermudian dollar is integrated into various organizational taxonomies and platform schemas. The currency's issuance by the Bermuda Monetary Authority and its production by De La Rue ensure its reliability and security. The currency's fixed exchange rate with the U.S. dollar enhances its usability in international trade and financial transactions. The Bermudian dollar is also recognized by various international databases and thesauri, reflecting its global relevance.

### Linguistic and Lexical Data
The Bermudian dollar has a wide range of aliases and lexical entries across multiple languages. The currency's aliases, including terms in Spanish, French, German, Japanese, Russian, and Portuguese, reflect its global recognition and usage. The currency's lexical entries in various language databases further underscore its international significance.

### Reference and Authority Control
The Bermudian dollar is firmly anchored in authority control files, with references in various international databases and thesauri. The currency's ISO 4217 code, aliases, and lexical entries ensure its recognition and usability in global financial systems. The Bermudian dollar's presence in the Great Russian Encyclopedia and other authoritative sources further underscores its importance in the broader financial landscape.

## References

1. [Source](https://www.oanda.com/currency/iso-currency-codes/BMD)
2. Freebase Data Dumps. 2013