Convert Bermudan Dollar to Mongolian Tugrik
Please provide values below to convert Bermudan Dollar [BMD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Bermudan Dollar.
How to Convert Bermudan Dollar to Mongolian Tugrik
1 BMD = 0.000281711662028942 MNT
Example: convert 15 BMD to MNT:
15 BMD = 15 × 0.000281711662028942 MNT = 0.00422567493043412 MNT
Bermudan Dollar to Mongolian Tugrik Conversion Table
| Bermudan Dollar | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.