Convert Bermudan Dollar to Chinese Yuan
Please provide values below to convert Bermudan Dollar [BMD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Bermudan Dollar.
How to Convert Bermudan Dollar to Chinese Yuan
1 BMD = 0.139394192837926 CNY
Example: convert 15 BMD to CNY:
15 BMD = 15 × 0.139394192837926 CNY = 2.0909128925689 CNY
Bermudan Dollar to Chinese Yuan Conversion Table
| Bermudan Dollar | Chinese Yuan |
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).