Unit | |
---|---|
Symbol | £ |
Denominations | |
Subunit | |
1⁄20 | shilling (s or /–) |
1⁄240 | penny (d) |
Banknotes | 5/–, 10/–, £1, £5, £10 |
Coins | 5/– |
Demographics | |
User(s) | Bermuda |
Issuance | |
Central bank | Bermuda Government |
Valuation | |
Pegged with | sterling at par |
This infobox shows the latest status before this currency was rendered obsolete. |
The pound was the currency of Bermuda until 1970. It was equivalent to sterling, alongside which it circulated, and was similarly divided into 20 shillings each of 12 pence. Bermuda decimalised in 1970, replacing the pound with the Bermudian dollar at a rate of $1 = 8s.4d. (i.e., $1 = 100d), equal to the US dollar.