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Petersburg, Clearwater and communities throughout Tampa Bay. Originally published by The Tampa Tribune, tbo is now among the portfolio of brands powered by the Tampa Bay Times. For nearly four hundred years Spanish dollars, known as “pieces of eight” were in widespread use on the world’s trading routes, including the Caribbean region. However, following the revolutionary wars in Latin America, the source of these silver trade coins, dried up. The pound sterling remained the official currency of Bermuda until 1970, though the Government of Bermuda did issue its own pound banknotes. Since 1972, Bermuda law has required that local businesses charge prices in Bermudian dollars which, if paid in US dollars, must be accepted at a rate of 1:1. Prior 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.
Bermuda has occasionally released commemorative coins to celebrate certain events, historical milestones, flora, and fauna. These coins bear a face value, but are generally seen more as collector’s items or stores of value. In 1970, the government introduced dollar notes in denominations of 1, 5, 10, 20 and 50 dollars. From 1974, the Bermuda Monetary Authority took over paper money production, introducing 100-dollar notes in 1982 and 2 dollars in 1988, when the 1 dollar was replaced by a coin. 1970 dollar notes are all printed with Bermuda Government across the top. David’s Lighthouse and town of St.
These images are to scale at 0. For table standards, see the banknote specification table. In 2008, it was announced that banknotes would be redesigned in celebration of Bermuda’s 400th anniversary, the first redesign since the launch of the dollar. Originally depicted the red-billed tropicbird erroneously, changed to the indigenous white-tailed tropicbird in 2012.
Standard Catalog of World Paper Money 2009, pp. Taking note of decimal currency, 25 years on”. Standard Catalog of World Coins 2010, p. Old style bank notes to be retired”. Breaking News: Queen moved as main image of Bermuda bank notes”. 75-11, November 2009, page 28, confirmed by pictures of the notes reproduced on “Bermuda issues new note series”, Banknote News, 28 March 2009.