The Bermudian dollar (symbol: $; code: BMD; also abbreviated BD$; informally called the Bermuda dollar) is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis.
In 2008, it was announced that banknotes would be redesigned in celebration of Bermuda’s 400th anniversary, the first redesign since the launch of the dollar. The new designs were described as “distinctly Bermudian”, with Queen Elizabeth II being relegated to a minor position,using a royal effigy by Machin. They feature themes and scenes of maritime Bermuda, and like their predecessors are coloured by value. The serial number prefix on the first million notes is that of a Bermuda onion; subsequent notes will bear a conventional prefix. The series was issued on 9 March 2009. The Bermuda Monetary Authority was awarded “Bank Note of the Year” by the International Banknote Society for the design of the new $2 banknote. The 2009-series $50 banknote was modified in August 2012 to depict the correct species of longtail native to Bermuda.Originally, it erroneously depicted the red-billed tropicbird and was changed to the indigenous white-tailed tropicbird.
The denominations of Bermudian dollar banknotes are: 2 Bermudian dollar, 5 Bermudian dollar, 10 Bermudian dollar, 20 Bermudian dollar, 50 Bermudian dollar A, 50 Bermudian dollar B, 100 Bermudian dollar