Bermudian dollar to Cuban convertible peso

The Islands of Bermuda are part of the Great Britain territory, although they are located far away from the main United Kingdom’s territory. Here, there is a separate currency called the Bermudian dollar (sign BD$, code BMD). The Bermudian cents are used as change for BMD.

There are coins worth 10 and 50 cents that are issued as of today. The $ currency has been issued since 1970 replacing the Bermudian pound. Commemorative coins are of special interest for numismatists. So-called “Bermuda triangles” have a corresponding shape, but are made out of different alloys and have different denomination.

The Cuban convertible peso (sign $, code CUC) is one of the two currencies used in Cuba. The name has become a reason for an unofficial name of the currency. It is often called cuc.

One peso can be exchanged for 100 centavos. The convertible peso has first been introduced in Cuba in 1994 to allow for an easier payment process for tourists and diplomats within the country. The introduction of the convertible peso as a second currency has led to an increase in fraud directed at foreign citizens. Since 2013, Cuba has started to gradually decrease the use of this currency, turning to the regular Cuban peso.