The (ISO 4217 code: BMD ; symbol: ) is the official currency of the British Overseas Territory of Bermuda. Financial Fundamentals
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While legally distinct, both currencies circulate interchangeably on the island. The (ISO 4217 code: BMD ; symbol: )
: The currency is essentially non-exchangeable abroad . The (ISO 4217 code: BMD
: The formal 1:1 peg to the US dollar was established to simplify trade and attract American tourists.