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base info SPORT

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SPORT
SPORT
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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
$0.0007201
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$21.43K
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$61.66395611
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29.32M SPORT

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0.5 SPORT
$0.0003655
1 SPORT
$0.0007310
5 SPORT
$0.003655
10 SPORT
$0.007310
50 SPORT
$0.03655
100 SPORT
$0.07310
500 SPORT
$0.3655
1000 SPORT
$0.7310

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0.5BMD684.03  SPORT
1BMD1,368.06  SPORT
5BMD6,840.29  SPORT
10BMD13,680.58  SPORT
50BMD68,402.89  SPORT
100BMD136,805.78  SPORT
500BMD684,028.92  SPORT
1000BMD1,368,057.83  SPORT

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0.5 SPORT$0.0003655$0.0003750
-2.53%
1 SPORT$0.0007310$0.0007499
-2.53%
5 SPORT$0.003655$0.003750
-2.53%
10 SPORT$0.007310$0.007499
-2.53%
50 SPORT$0.03655$0.03750
-2.53%
100 SPORT$0.07310$0.07499
-2.53%
500 SPORT$0.3655$0.3750
-2.53%
1000 SPORT$0.7310$0.7499
-2.53%

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0.5 SPORT$0.0003655$0.0006336
-42.31%
1 SPORT$0.0007310$0.001267
-42.31%
5 SPORT$0.003655$0.006336
-42.31%
10 SPORT$0.007310$0.01267
-42.31%
50 SPORT$0.03655$0.06336
-42.31%
100 SPORT$0.07310$0.1267
-42.31%
500 SPORT$0.3655$0.6336
-42.31%
1000 SPORT$0.7310$1.27
-42.31%

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0.5 SPORT$0.0003655$0.001651
-77.87%
1 SPORT$0.0007310$0.003303
-77.87%
5 SPORT$0.003655$0.01651
-77.87%
10 SPORT$0.007310$0.03303
-77.87%
50 SPORT$0.03655$0.1651
-77.87%
100 SPORT$0.07310$0.3303
-77.87%
500 SPORT$0.3655$1.65
-77.87%
1000 SPORT$0.7310$3.3
-77.87%

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