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Money
Currency: Bermuda Dollar (Bda$) = 100 cents. Notes are in denominations of Bda$100, 50, 20, 10, 5 and 2. Coins are in denominations of Bda$1, and 25, 10, 5 and 1 cents.
Note: The Bermuda Dollar is tied to the US Dollar.
Currency exchange: US Dollars are generally accepted at par. It is illegal to exchange money other than at authorised banks or bureaux de change.
Credit & debit cards: MasterCard, American Express and Diners Club are accepted at most large hotels, shops and restaurants. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: US Dollar cheques are widely accepted. There is no bureau de change at the airport. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: There is no limit to the import of local or foreign currency, provided declared on arrival. The export of local currency is limited to Bda$250. The export of foreign currency is limited to Bda$2000.
Exchange rate indicators
The following figures are included as a guide to the movements of the Bermuda Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 1.46 | 1.52 | 1.58 | 1.59 | | $1.00= | 1.00 | 1.00 | 1.00 | 1.00 |
Banking hours: Mon 0930-1600, Tue-Thurs 0830-1600, Fri 0830-1630.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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