Convert Bermudan Dollar to Bhutanese Ngultrum
Please provide values below to convert Bermudan Dollar [BMD] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Bermudan Dollar.
How to Convert Bermudan Dollar to Bhutanese Ngultrum
1 BMD = 0.0115762848229118 BTN
Example: convert 15 BMD to BTN:
15 BMD = 15 × 0.0115762848229118 BTN = 0.173644272343677 BTN
Bermudan Dollar to Bhutanese Ngultrum Conversion Table
| Bermudan Dollar | Bhutanese Ngultrum |
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Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.