Bermuda - Money
Currency & Money
The official currency of Bermuda is the Bermuda Dollar (BMD; symbol BD$), which is divided into 100 cents. Banknotes are in denominations of BD$100, 50, 20, 10, 5, and 2. Coins are in denominations of BD$1, and 25, 10, 5, and 1 cents.
The Bermuda Dollar is pegged at par with the US Dollar (1 BMD = 1 USD), and both currencies are accepted interchangeably throughout the island.
Most hotels, restaurants, shops, and larger service providers accept Visa and Mastercard, with American Express also accepted in many places. However, smaller businesses, taxis, or guesthouses may prefer cash.
ATMs are widely available in Bermuda, particularly in Hamilton, St George's, and near major resorts or shopping areas. Machines dispense Bermuda Dollars (BMD).
There are no restrictions on the import or export of local or foreign currency. However, travellers carrying more than BDA $10,000 (or its equivalent in foreign currency) in cash or negotiable instruments must declare the amount to Customs.
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