Convert Bosnia-Herzegovina Convertible Mark to Bermudan Dollar
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Bermudan Dollar
1 BAM = 1.6671 BMD
Example: convert 15 BAM to BMD:
15 BAM = 15 × 1.6671 BMD = 25.0065 BMD
Bosnia-Herzegovina Convertible Mark to Bermudan Dollar Conversion Table
| Bosnia-Herzegovina Convertible Mark | Bermudan Dollar |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.