Convert Bermudan Dollar to Turkish Lira
Please provide values below to convert Bermudan Dollar [BMD] to Turkish Lira [TRY], or Convert Turkish Lira to Bermudan Dollar.
How to Convert Bermudan Dollar to Turkish Lira
1 BMD = 0.0247275640629366 TRY
Example: convert 15 BMD to TRY:
15 BMD = 15 × 0.0247275640629366 TRY = 0.370913460944049 TRY
Bermudan Dollar to Turkish Lira 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.
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.