Currency

Official name: Bermuda dollar

Currency code: BMD

Abbreviation: BD$

Pegged with: US dollar at par

Legal tender in: Bermuda

Subdivided into: 100 cents

Coins: 1, 5, 10, 15, 25, 50 cents, Bds$1

Notes: BD$1/2, BD$1, BD$3, BD$5, BD$10, BD$20, BD$50, BD$100

Central bank: Bermuda Monetary Authority

Website: www.bma.bm

Current exchange rates:

• http://finance.yahoo.com/currency ,

• http://www.xe.com , and

• http://www.oanda.com

The Bermuda dollar is not traded outside of Bermuda.

Privacy

At this time Bermuda has signed a Treaty with the United States, but it is has not signed a Mutual Legal Assistance Treaty with the US. Moreover, Bermuda is not a participant in the European Union Savings Directive. As such, Bermuda offers a high level of privacy for EU citizens but a significantly lower level of privacy for American citizens. Nevertheless, American investors are able to maintain a high level of asset security thanks to the lack of a Mutual Legal Assistance Treaty between the US and Bermuda. Overall, Bermuda has not shown a strong commitment to maintaining the privacy of its foreign investors as evidence by its willingness to share information with the United States.