Hashtag: #CurrencyAndCoins

Cup Match Money Circulation: $130 Million

The Bermuda Monetary Authority said today that the amount of Bermuda Dollar notes and coins in circulation over the coming holiday weekend will be $130.8 million. This compares with a total of $141.3 million at the same period last year, a decrease of 8%. The total amount of notes and coins issued to the banks by the Bermuda Monetary Authority between... Read more of this article

Police: Counterfeit $50 Bills Circulating

The Police have warned the public that there is counterfeit money presently in circulation on the island, particularly Bermuda and U.S $50 bills, and issued a reminder that it is a criminal offence to pass to another, possess, make or reproduce any counterfeit currency. A Police spokesman said, “The Bermuda Police Service Financial Crime Unit... Read more of this article

Fitch Reaffirms Bermuda’s Rating: Outlook Stable

Bermuda’s recession-battered economy has today [Nov.22] received a cautiously optimistic prognosis from one of the world’s top ratings agencies. Fitch Ratings today affirmed Bermuda’s foreign currency Issuer Default Rating (IDR) at ‘AA+’ and its local currency IDR at ‘AAA’. The Outlooks on both ratings are... Read more of this article

2010 Cup Match: $141.3 Million In Circulation

According to the Bermuda Monetary Authority, the amount of Bermuda Dollar notes and coin in circulation over this Cup Match holiday weekend is $141.3 million. This compares with a total of $137.2 million at the same period last year, an increase of 2.9 %. The total amount of notes and coins issued to the banks by the Bermuda Monetary Authority between... Read more of this article

2010 Commemorative Cahow Coin Issued

The Bermuda Monetary Authority [BMA] released its newest commemorative coin; the Bermuda Petrel (Cahow) Coin 2010. The currency team at the BMA consulted with Dr. David Wingate, who is a wellknown local conservationist and ornithologist, on the image of the bird to be portrayed on the coin. The Bermuda Petrel, better known as the Cahow, is indigenous... Read more of this article

Bermuda $2 Bill Receives Award Of The Year

Bermuda’s recently released $2 bill has been chosen as the 2010 Bank Note of the Year by the International Bank Note Society. The note shows the Bermuda Bluebird on the front and the Dockyard Clock Tower and Statue of Neptune on the back. One of the factors the judges say they used in determining the Bermuda bill as the winner was the interesting... Read more of this article