The Bermudian dollar (symbol : $ ; code: BMD; also abbreviated BD$) 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 of Bermuda, and is pegged to the United States dollar at a one-to-one ratio.Both currencies circulate in Bermuda on an equal basis.rior to decimalisation and conversion to the dollar, the Government of Bermuda did not issue its own coins, other than the commemorative Bermuda crowns, since the 19th Century at the latest. In 1970, the Bermuda Monetary Authority introduced coinage with denominations of 1, 5, 10, 25, and 50 cents.