Convert Bermudan Dollar to Tanzanian Shilling
Please provide values below to convert Bermudan Dollar [BMD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Bermudan Dollar.
How to Convert Bermudan Dollar to Tanzanian Shilling
1 BMD = 0.000389086709218227 TZS
Example: convert 15 BMD to TZS:
15 BMD = 15 × 0.000389086709218227 TZS = 0.0058363006382734 TZS
Bermudan Dollar to Tanzanian Shilling Conversion Table
| Bermudan Dollar | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.