Convert Barbadian Dollar to Bermudan Dollar
Please provide values below to convert Barbadian Dollar [BBD] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Barbadian Dollar.
How to Convert Barbadian Dollar to Bermudan Dollar
1 BBD = 2 BMD
Example: convert 15 BBD to BMD:
15 BBD = 15 × 2 BMD = 30 BMD
Barbadian Dollar to Bermudan Dollar Conversion Table
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Barbadian Dollar
The Barbadian Dollar (BBD) is the official currency of Barbados, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, replacing the Barbadian Pound, the Barbadian Dollar was initially pegged to the British Pound and later to the US Dollar, maintaining stability through various monetary policies.
Current Use
The BBD is widely used in Barbados for everyday transactions, banking, and trade, and is pegged to the US Dollar at a fixed rate of 2 BBD to 1 USD.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.