Convert Bermudan Dollar to São Tomé and Príncipe Dobra
Please provide values below to convert Bermudan Dollar [BMD] to São Tomé and Príncipe Dobra [STN], or Convert São Tomé and Príncipe Dobra to Bermudan Dollar.
How to Convert Bermudan Dollar to São Tomé And Príncipe Dobra
1 BMD = 0.0478851522508416 STN
Example: convert 15 BMD to STN:
15 BMD = 15 × 0.0478851522508416 STN = 0.718277283762624 STN
Bermudan Dollar to São Tomé And Príncipe Dobra Conversion Table
| Bermudan Dollar | São Tomé and Príncipe Dobra |
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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.
São Tomé And Príncipe Dobra
The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, used for all monetary transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the São Tomé and Príncipe escudo at par, and has undergone various redenominations and updates since its inception to stabilize the economy and modernize the currency system.
Current Use
Today, the Dobra remains the official currency, with banknotes and coins in circulation, and is used for everyday transactions, though it is subject to inflation and economic fluctuations.