Convert Bermudan Dollar to Iranian Rial
Please provide values below to convert Bermudan Dollar [BMD] to Iranian Rial [IRR], or Convert Iranian Rial to Bermudan Dollar.
How to Convert Bermudan Dollar to Iranian Rial
1 BMD = 2.35639627994117e-05 IRR
Example: convert 15 BMD to IRR:
15 BMD = 15 × 2.35639627994117e-05 IRR = 0.000353459441991175 IRR
Bermudan Dollar to Iranian Rial Conversion Table
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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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.