Convert Moroccan Dirham to Bermudan Dollar
Please provide values below to convert Moroccan Dirham [MAD] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Moroccan Dirham.
How to Convert Moroccan Dirham to Bermudan Dollar
1 MAD = 9.0083 BMD
Example: convert 15 MAD to BMD:
15 MAD = 15 × 9.0083 BMD = 135.1245 BMD
Moroccan Dirham to Bermudan Dollar Conversion Table
| Moroccan Dirham | Bermudan Dollar |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.