Convert Israeli New Sheqel to Bermudan Dollar
Please provide values below to convert Israeli New Sheqel [ILS] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Bermudan Dollar
1 ILS = 3.345 BMD
Example: convert 15 ILS to BMD:
15 ILS = 15 × 3.345 BMD = 50.175 BMD
Israeli New Sheqel to Bermudan Dollar Conversion Table
| Israeli New Sheqel | Bermudan Dollar |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.