Convert Bermudan Dollar to Moroccan Dirham
Please provide values below to convert Bermudan Dollar [BMD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Bermudan Dollar.
How to Convert Bermudan Dollar to Moroccan Dirham
1 BMD = 0.111008736387554 MAD
Example: convert 15 BMD to MAD:
15 BMD = 15 × 0.111008736387554 MAD = 1.66513104581331 MAD
Bermudan Dollar to Moroccan Dirham Conversion Table
| Bermudan Dollar | Moroccan Dirham |
|---|
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.
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.