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1 VAL to BMD Bermudian Dollar

December 20, 2022 by pkr_to_usd_786

1 VAL to BMD Bermudian Dollar
Vatican City Lira , The lira (plural lire; abbreviation: VAL) was the currency of the Vatican City between 1929 and 2002. It was not a separate currency but an … >>> Find out more from wikipedia. category >>> VAL

1 VAL to BMD Bermudian Dollar

1 Vatican City Lira ( VAL ) = 0.00055009111759684 Bermudian Dollar (BMD)


1 VAL = 0.00055009111759684 BMD


1 BMD = 1817.8806528792 VAL


Amount :

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1 Vatican City Lira ( VAL ) Is equal to 0.00055009111759684 Bermudian Dollar (BMD)
Vatican City Lira
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Vatican City Lira
Vatican City Lira , The lira (plural lire; abbreviation: VAL) was the currency of the Vatican City between 1929 and 2002. It was not a separate currency but an issue of the Italian lira; the Banca d'Italia produced coins specifically for Vatican City. The Papal States, by the late 1860s, was reduced to a small area close to Rome, used its own lira between 1866 and 1870 as a member of the Latin Monetary Union. Upon the conclusion of the Risorgimento, the state, and its currency, ceased to exist. In 1929, the Lateran Treaty established the State of the Vatican City and, according to the terms of the treaty, a distinct coinage was introduced, denominated in centesimi and lire, on par with the Italian lira. Italian coins and banknotes were legal tender in the Vatican City. The Vatican coins were minted in Rome and were also legal tender in Italy and San Marino. In 2002, the Vatican City switched to the euro at an exchange rate of 1 euro = 1,936.27 Lire. It has its own set of euro coins. Find out more from wikipedia
Bermudian Dollar
The Bermudian dollar (symbol: $; code: BMD; also abbreviated BD$; informally called the Bermuda dollar) is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis. 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 United Kingdom had adopted a very successful gold standard in 1821, and so the year 1825 was an opportune time to introduce the British sterling coinage into all the British colonies. An imperial Order in Council was passed in that year for the purposes of facilitating this aim by making sterling coinage legal tender in the colonies at the specified rate of 1 Spanish dollar to 4 shillings, 4 pence sterling. As the sterling silver coins were attached to a gold standard, this exchange rate did not realistically represent the value of the silver in the Spanish dollars as compared to the value of the gold in the British gold sovereign. Because of this, the conversion had the opposite effect in many colonies, and actually drove sterling coinage out of circulation, rather than encouraged its use. Remedial legislation had to be introduced in 1838 so as to change over to the more realistic rating of $1 = 4s 2d. However, in Jamaica, British Honduras, Bermuda, and later in the Bahamas also, the official rating was set aside in favour of what was known as the 'Maccaroni' tradition in which a British shilling, referred to as a 'Maccaroni', was treated as one quarter of a dollar. The common link between these four territories was the Bank of Nova Scotia which brought in the 'Maccaroni' tradition, resulting in the successful introduction of both sterling coinage and sterling accounts. It wasn't however until 1 January 1842 that the authorities in Bermuda formally decided to make sterling the official currency of the colony to circulate concurrently with Doubloons (64 shillings) at the rate of $1 = 4s 2d. Contrary to expectations, and unlike in the Bahamas where US dollars circulated concurrently with sterling, the Bermudans did not allow themselves to be drawn into the U. S. currency area. The Spanish dollars fell away in the 1850s but returned again in the 1870s following the international silver crisis of 1873. In 1874, the Bermuda merchants agreed unanimously to decline to accept the heavy imports of US currency except at a heavy discount, and it was then exported again. And in 1876, legislation was passed to demonetise the silver dollars for fear of them returning. In 1882, the local 'legal tender act' demonetised the gold doubloon, which had in effect been the real standard in Bermuda, and this left pounds, shillings, and pence as the sole legal tender. The pound sterling remained the official currency of Bermuda until 1970, though the Government of Bermuda did issue its own pound banknotes. With US and Canadian coins regularly appearing in circulation in Bermuda and the possibility of the devaluation of the pound sterling, Bermuda was compelled to adopt its own decimal currency. On 6 February 1970, Bermuda introduced a new decimal currency in the form of a dollar. The nascent Bermudian dollars circulated in conjunction with the new British decimal coinage a year before it was introduced in the United Kingdom. By adopting decimalisation early, Bermuda was also able to place orders for the coinage from the Royal Mint before other Commonwealth countries seeking to decimalise could. The link between the Bermudian dollar and the pound sterling was not broken until 31 July 1972, which allowed Bermuda to align to a one-to-one exchange rate with that of the United States. The decision for Bermuda to peg its dollar to the US dollar added convenience for the multitude of American tourists and businesses upon whom Bermuda largely relied. Since 1972, Bermudian 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. Only banks are legally allowed to exchange Bermudian dollars into US dollars or other currencies, subject to a 1% Foreign Currency Purchase Tax (some banks also charge an exchange fee).
Find out more from wikipedia

Convertion Chart VAL to BMD

BMD VAL Bermudian Dollar BMD
5 VAL = 0.0028 BMD
10 VAL = 0.0055 BMD
15 VAL = 0.0083 BMD
20 VAL = 0.011 BMD
25 VAL = 0.0138 BMD
30 VAL = 0.0165 BMD
35 VAL = 0.0193 BMD
40 VAL = 0.022 BMD
45 VAL = 0.0248 BMD
50 VAL = 0.0275 BMD
55 VAL = 0.0303 BMD
60 VAL = 0.033 BMD
65 VAL = 0.0358 BMD
70 VAL = 0.0385 BMD
75 VAL = 0.0413 BMD
80 VAL = 0.044 BMD
85 VAL = 0.0468 BMD
90 VAL = 0.0495 BMD
95 VAL = 0.0523 BMD
100 VAL = 0.055 BMD
105 VAL = 0.0578 BMD
110 VAL = 0.0605 BMD
115 VAL = 0.0633 BMD
120 VAL = 0.066 BMD
125 VAL = 0.0688 BMD
130 VAL = 0.0715 BMD
135 VAL = 0.0743 BMD
140 VAL = 0.077 BMD
145 VAL = 0.0798 BMD
150 VAL = 0.0825 BMD
155 VAL = 0.0853 BMD
160 VAL = 0.088 BMD
165 VAL = 0.0908 BMD
170 VAL = 0.0935 BMD
175 VAL = 0.0963 BMD
180 VAL = 0.099 BMD
185 VAL = 0.1018 BMD
190 VAL = 0.1045 BMD
195 VAL = 0.1073 BMD
200 VAL = 0.11 BMD
205 VAL = 0.1128 BMD
210 VAL = 0.1155 BMD
215 VAL = 0.1183 BMD
220 VAL = 0.121 BMD
225 VAL = 0.1238 BMD
230 VAL = 0.1265 BMD
235 VAL = 0.1293 BMD
240 VAL = 0.132 BMD
245 VAL = 0.1348 BMD
250 VAL = 0.1375 BMD
255 VAL = 0.1403 BMD
260 VAL = 0.143 BMD
265 VAL = 0.1458 BMD
270 VAL = 0.1485 BMD
275 VAL = 0.1513 BMD
280 VAL = 0.154 BMD
285 VAL = 0.1568 BMD
290 VAL = 0.1595 BMD
295 VAL = 0.1623 BMD
300 VAL = 0.165 BMD
305 VAL = 0.1678 BMD
310 VAL = 0.1705 BMD
315 VAL = 0.1733 BMD
320 VAL = 0.176 BMD
325 VAL = 0.1788 BMD
330 VAL = 0.1815 BMD
335 VAL = 0.1843 BMD
340 VAL = 0.187 BMD
345 VAL = 0.1898 BMD
350 VAL = 0.1925 BMD
355 VAL = 0.1953 BMD
360 VAL = 0.198 BMD
365 VAL = 0.2008 BMD
370 VAL = 0.2035 BMD
375 VAL = 0.2063 BMD
380 VAL = 0.209 BMD
385 VAL = 0.2118 BMD
390 VAL = 0.2145 BMD
395 VAL = 0.2173 BMD
400 VAL = 0.22 BMD
405 VAL = 0.2228 BMD
410 VAL = 0.2255 BMD
415 VAL = 0.2283 BMD
420 VAL = 0.231 BMD
425 VAL = 0.2338 BMD
430 VAL = 0.2365 BMD
435 VAL = 0.2393 BMD
440 VAL = 0.242 BMD
445 VAL = 0.2448 BMD
450 VAL = 0.2475 BMD
455 VAL = 0.2503 BMD
460 VAL = 0.253 BMD
465 VAL = 0.2558 BMD
470 VAL = 0.2585 BMD
475 VAL = 0.2613 BMD
480 VAL = 0.264 BMD
485 VAL = 0.2668 BMD
490 VAL = 0.2695 BMD
495 VAL = 0.2723 BMD
500 VAL = 0.275 BMD

Convertion Chart BMD to VAL

Bermudian Dollar Bermudian Dollar VAL VAL
5 BMD = 9089.4033 VAL
10 BMD = 18178.8065 VAL
15 BMD = 27268.2098 VAL
20 BMD = 36357.6131 VAL
25 BMD = 45447.0163 VAL
30 BMD = 54536.4196 VAL
35 BMD = 63625.8229 VAL
40 BMD = 72715.2261 VAL
45 BMD = 81804.6294 VAL
50 BMD = 90894.0326 VAL
55 BMD = 99983.4359 VAL
60 BMD = 109072.8392 VAL
65 BMD = 118162.2424 VAL
70 BMD = 127251.6457 VAL
75 BMD = 136341.049 VAL
80 BMD = 145430.4522 VAL
85 BMD = 154519.8555 VAL
90 BMD = 163609.2588 VAL
95 BMD = 172698.662 VAL
100 BMD = 181788.0653 VAL
105 BMD = 190877.4686 VAL
110 BMD = 199966.8718 VAL
115 BMD = 209056.2751 VAL
120 BMD = 218145.6783 VAL
125 BMD = 227235.0816 VAL
130 BMD = 236324.4849 VAL
135 BMD = 245413.8881 VAL
140 BMD = 254503.2914 VAL
145 BMD = 263592.6947 VAL
150 BMD = 272682.0979 VAL
155 BMD = 281771.5012 VAL
160 BMD = 290860.9045 VAL
165 BMD = 299950.3077 VAL
170 BMD = 309039.711 VAL
175 BMD = 318129.1143 VAL
180 BMD = 327218.5175 VAL
185 BMD = 336307.9208 VAL
190 BMD = 345397.324 VAL
195 BMD = 354486.7273 VAL
200 BMD = 363576.1306 VAL
205 BMD = 372665.5338 VAL
210 BMD = 381754.9371 VAL
215 BMD = 390844.3404 VAL
220 BMD = 399933.7436 VAL
225 BMD = 409023.1469 VAL
230 BMD = 418112.5502 VAL
235 BMD = 427201.9534 VAL
240 BMD = 436291.3567 VAL
245 BMD = 445380.76 VAL
250 BMD = 454470.1632 VAL
255 BMD = 463559.5665 VAL
260 BMD = 472648.9697 VAL
265 BMD = 481738.373 VAL
270 BMD = 490827.7763 VAL
275 BMD = 499917.1795 VAL
280 BMD = 509006.5828 VAL
285 BMD = 518095.9861 VAL
290 BMD = 527185.3893 VAL
295 BMD = 536274.7926 VAL
300 BMD = 545364.1959 VAL
305 BMD = 554453.5991 VAL
310 BMD = 563543.0024 VAL
315 BMD = 572632.4057 VAL
320 BMD = 581721.8089 VAL
325 BMD = 590811.2122 VAL
330 BMD = 599900.6155 VAL
335 BMD = 608990.0187 VAL
340 BMD = 618079.422 VAL
345 BMD = 627168.8252 VAL
350 BMD = 636258.2285 VAL
355 BMD = 645347.6318 VAL
360 BMD = 654437.035 VAL
365 BMD = 663526.4383 VAL
370 BMD = 672615.8416 VAL
375 BMD = 681705.2448 VAL
380 BMD = 690794.6481 VAL
385 BMD = 699884.0514 VAL
390 BMD = 708973.4546 VAL
395 BMD = 718062.8579 VAL
400 BMD = 727152.2612 VAL
405 BMD = 736241.6644 VAL
410 BMD = 745331.0677 VAL
415 BMD = 754420.4709 VAL
420 BMD = 763509.8742 VAL
425 BMD = 772599.2775 VAL
430 BMD = 781688.6807 VAL
435 BMD = 790778.084 VAL
440 BMD = 799867.4873 VAL
445 BMD = 808956.8905 VAL
450 BMD = 818046.2938 VAL
455 BMD = 827135.6971 VAL
460 BMD = 836225.1003 VAL
465 BMD = 845314.5036 VAL
470 BMD = 854403.9069 VAL
475 BMD = 863493.3101 VAL
480 BMD = 872582.7134 VAL
485 BMD = 881672.1166 VAL
490 BMD = 890761.5199 VAL
495 BMD = 899850.9232 VAL
500 BMD = 908940.3264 VAL

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Filed Under: VAL Tagged With: Bermudian Dollars, Bermudian Dollars to Vatican City Lire, How to Convert 1 VAL to BMD Bermudian Dollar, VAL to BMD calculator, Vatican City Lire

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