Bermudian pound


Bermudian pound

Infobox Currency
image_1 =
image_title_1 = Bermudian pound and dollar banknotes
iso_code = BMD
using_countries = Bermuda
pegged_with = British pound at par
subunit_ratio_1 = 1/20
subunit_name_1 = shilling
subunit_ratio_2 = 1/240
subunit_name_2 = penny
symbol = £
used_coins = 5 shillings (British coins also circulated)
used_banknotes = 5, 10 shillings, £1, £5, £10
issuing_authority = Bermuda Government
The pound was the currency of Bermuda until 1970. It was equivalent to the British pound, alongside which it circulated, and was similarly divided into 20 shillings each of 12 pence. Bermuda decimalized in 1970, replacing the pound with the Bermudian dollar at a rate of 1 dollar = 8 shillings 4 pence (i.e., 100 pence), equal to the U.S. dollar.

Coins

The first Bermudian currency issue was the so-called "hogge money", 2, 3 and 6 pence, and 1 shilling coins issued between 1612 and 1624. Their name derives from the appearance of a pig on the obverse. At this time, Bermuda was known as Somers Island and this name appears on the coins. The next coins to be issued were pennies in 1793. No further issues were made until 1959 and 1964, when silver 1 crown (five shillings) coins were issued for circulation.

Banknotes

In 1914, the government introduced 1 pound notes. In 1920, 5 shilling notes were introduced, followed by 10 shillings in 1927 and 5 pounds in 1941. The 5 shilling note ceased production in 1957, with 10 pound notes introduced in 1964.

References

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994

External links

Standard numismatics external links
world_coin_gallery_1_url = Bermuda
world_coin_gallery_1_name = Bermuda
banknote_world_1_url = bermuda
banknote_world_1_name = Bermuda
dollarization_1_url =
dollarization_1_name =
gfd_1_url = Bermuda
gfd_1_name = Bermuda
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y


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