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Bermuda dollar
The Bermuda group of islands officially uses the Bermuda dollar as the local currency.
Currency regime
The Bermuda dollar is fixed at 1:1 against the US dollar.
The US dollar is accepted on equal terms with the Bermuda dollar throughout almost all the country and there is, therefore, no problem in taking US dollars rather than Bermuda dollars.
Travellers cheques can be exchanged at the banks, but the best rates are obtained for US dollar travellers cheques.
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