Bermudian dollar / Pound sterling

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Updated: 18 Jan, 2:56 pm UTC
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The Bermudan Dollar is the official currency of Bermuda, and is used by investors and financial markets in a variety of ways. It is part of the FX (foreign exchange) market, and is used by investors to speculate on the direction of the currency against other currencies. Additionally, Bermudan Dollars are used as a reserve currency; they are held in reserve by central banks to make settlements between different currencies. Finally, Bermudan Dollars are used as a means of international payment by investors, businesses, and governments. All of these uses ensure that the Bermudan Dollar plays an important role in global financial markets.