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NWS
NWS
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BMD
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About the Bermudan Dollar(BMD)

The Bermudan Dollar, the official currency of Bermuda, is a unique symbol of the island's rich heritage and its dynamic role in the global economy. It is commonly abbreviated as BMD and represented by the symbol $. As a British Overseas Territory located in the North Atlantic Ocean, Bermuda's currency reflects its historical ties to the United Kingdom and its modern-day economic relationships.

Historical Background

Bermuda, known for its picturesque landscapes and vibrant culture, introduced the Bermudan Dollar (BMD) in 1970. This move was part of a broader decolonization trend and the desire for a distinct national identity. The Bermudan Dollar replaced the Bermudian pound at a rate of 1:1, symbolizing a shift towards closer economic ties with the United States.

Design and Symbolism

The design of Bermudan currency is a tapestry of the island's natural beauty, culture, and history. Banknotes and coins feature iconic imagery such as the Bermuda petrel, historic ships, and landmarks like St. Peter's Church. These designs serve not just as legal tender but as ambassadors of Bermuda's rich heritage and biodiversity.

Economic Role

The Bermudan Dollar is pegged to the US Dollar at a one-to-one ratio, a policy that underscores Bermuda's close economic relationship with the United States. This peg has been crucial in maintaining economic stability, particularly for a country that relies heavily on tourism and international business, primarily insurance and reinsurance.

The Tourism and International Business Connection

Tourism is a vital part of Bermuda's economy, with the Bermudan Dollar playing a central role. The currency's parity with the US Dollar simplifies transactions for the majority of tourists, who come from the United States. Additionally, Bermuda's status as an international business hub, particularly in insurance and reinsurance, has made the Bermudan Dollar an important player in global financial transactions.

The Bermudan Dollar in Global Finance

On the international stage, the Bermudan Dollar's parity with the US Dollar ensures its stability and reliability. This stability is crucial for Bermuda's international business sector, which deals with large-scale financial transactions. The country's regulatory environment, coupled with its currency stability, makes Bermuda an attractive destination for international business and finance.

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Bitgethot-iconcalculator.compare.best
$0.001347
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$38.48K
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0 NWS

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0.5 NWS
$0.0006828
1 NWS
$0.001366
5 NWS
$0.006828
10 NWS
$0.01366
50 NWS
$0.06828
100 NWS
$0.1366
500 NWS
$0.6828
1000 NWS
$1.37

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coin.amountcalculator.detail.time_
0.5BMD366.16  NWS
1BMD732.32  NWS
5BMD3,661.58  NWS
10BMD7,323.16  NWS
50BMD36,615.79  NWS
100BMD73,231.59  NWS
500BMD366,157.93  NWS
1000BMD732,315.85  NWS

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0.5 NWS$0.0006828$0.0006964
-1.96%
1 NWS$0.001366$0.001393
-1.96%
5 NWS$0.006828$0.006964
-1.96%
10 NWS$0.01366$0.01393
-1.96%
50 NWS$0.06828$0.06964
-1.96%
100 NWS$0.1366$0.1393
-1.96%
500 NWS$0.6828$0.6964
-1.96%
1000 NWS$1.37$1.39
-1.96%

calculator.detail.price_month

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0.5 NWS$0.0006828$0.0007482
-8.74%
1 NWS$0.001366$0.001496
-8.74%
5 NWS$0.006828$0.007482
-8.74%
10 NWS$0.01366$0.01496
-8.74%
50 NWS$0.06828$0.07482
-8.74%
100 NWS$0.1366$0.1496
-8.74%
500 NWS$0.6828$0.7482
-8.74%
1000 NWS$1.37$1.5
-8.74%

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0.5 NWS$0.0006828$0.{9}5821
-58.59%
1 NWS$0.001366$0.{8}1164
-58.59%
5 NWS$0.006828$0.{8}5821
-58.59%
10 NWS$0.01366$0.{7}1164
-58.59%
50 NWS$0.06828$0.{7}5821
-58.59%
100 NWS$0.1366$0.{6}1164
-58.59%
500 NWS$0.6828$0.{6}5821
-58.59%
1000 NWS$1.37$0.{5}1164
-58.59%

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