2018-10-03 Wed

Bermuda is a British island territory in the North Atlantic Ocean known for its pink-sand beaches such as Elbow Beach and Horseshoe Bay. Its massive Royal Naval Dockyard complex combines modern attractions like the interactive Dolphin Quest with maritime history at the National Museum of Bermuda. The island has a distinctive blend of British and American culture, which can be found in the capital, Hamilton.

Bermuda is self-governing, with its own constitution and its own government, which enacts local laws, while the United Kingdom retains responsibility for defence and foreign relations. Bermuda had one of the world's highest GDP per capita for most of the 20th century.

In 1970 the country switched its currency from the Bermudian pound to the Bermudian dollar, which is pegged at par with the US dollar. US notes and coins are used interchangeably with Bermudian notes and coins within the islands for most practical purposes. Bermudian notes carry the image of Queen Elizabeth II. The Bermuda Monetary Authority is the issuing authority for all banknotes and coins, and regulates financial institutions. The Royal Naval Dockyard Museum holds a permanent exhibition of Bermuda notes and coins.

The note depicted alongside is 1 Dollar banknote of 1984. This Blue note has the portrait of HM Queen Elizabeth II on the obverse along with the Bermuda Petrel (Pterodroma cahow), Water lilies, Coat of arms in the background. The Reverse features Newport Bermuda Race - sailing boat and yacht competition with the view of Hamilton, Bermuda in the background. The note sports a Watermark of a Tuna Fish; the issue date of the note is 1st of May 1984.

Image Courtesy: banknotes.vs