Dollar | Bermuda

Local businesses are required by law to accept USD at this 1:1 rate.

: The formal 1:1 peg to the US dollar was established to simplify trade and attract American tourists. bermuda dollar

: The currency is essentially non-exchangeable abroad . Local businesses are required by law to accept

The 1-cent coin features the famous "wild hog," a nod to the island's early "hogge money" history. replacing the pound.

: Bermuda introduced the dollar to decimalize its economy, replacing the pound.