Convert Turkish Lira to Bermudan Dollar
Please provide values below to convert Turkish Lira [TRY] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Turkish Lira.
How to Convert Turkish Lira to Bermudan Dollar
1 TRY = 40.4407 BMD
Example: convert 15 TRY to BMD:
15 TRY = 15 × 40.4407 BMD = 606.6105 BMD
Turkish Lira to Bermudan Dollar Conversion Table
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Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.
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.